MGIC Investment (MTG) Tops Q2 EPS by 2c

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Go back to MGIC Investment (MTG) Tops Q2 EPS by 2c

MGIC Investment Corporation Reports Second Quarter 2021 Results

August 4, 2021 4:30 PM EDT

MILWAUKEE, Aug. 4, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2021. Net income for the quarter was $153.1 million, or $0.44 per diluted share, compared with net income of $14.0 million, or $0.04 per diluted share, for the second quarter of 2020.

Adjusted net operating income for the second quarter of 2021 was $151.5 million, or $0.44 per diluted share, compared with $9.9 million, or $0.03 per diluted share, for the second quarter of 2020. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between... More