MGIC Investment (MTG) Tops Q4 EPS by 6c

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Go back to MGIC Investment (MTG) Tops Q4 EPS by 6c

MGIC Investment Corporation Reports Fourth Quarter 2019 Results and Announces $300 Million Share Repurchase Authorization

February 4, 2020 6:45 AM EST

MILWAUKEE, Feb. 4, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2019. Net income for the quarter was $177.1 million, or $0.49 per diluted share, compared with net income of $157.7 million, or $0.43 per diluted share, for the fourth quarter of 2018.  Net Income for the full year of 2019 was $673.8 million, or $1.85 per diluted share, compared to $670.1 million, or $1.78 per diluted share, for the full year of 2018.

Adjusted net operating income for the fourth quarter of 2019 was $176.1 million, or $0.49 per diluted share, compared with $154.0 million,... More