MGIC Investment (MTG) Reports In-Line Q1 EPS

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MGIC Investment Corporation Reports First Quarter 2021 Results

May 5, 2021 4:30 PM EDT

MILWAUKEE, May 5, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2021. Net income for the quarter was $150.0 million, or $0.43 per diluted share, compared with net income of $149.8 million, or $0.42 per diluted share, for the first quarter of 2020.

Adjusted net operating income for the first quarter of 2021 was $148.0  million, or $0.42 per diluted share, compared with $147.5 million, or $0.42 per diluted share, for the first quarter of 2020. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between periods of... More