MGIC Investment (MTG) Tops Q4 EPS by 17c

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Go back to MGIC Investment (MTG) Tops Q4 EPS by 17c

MGIC Investment Corporation Reports Fourth Quarter 2021 Results

February 2, 2022 4:30 PM EST

MILWAUKEE, Feb. 2, 2022 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2021. Net income for the quarter was $173.9 million, or $0.52  per diluted share, compared with net income of $151.4 million, or $0.44 per diluted share, for the fourth quarter of 2020.  Net income for the full year of 2021 was $635.0 million, or $1.85 per diluted share, compared to $446.1 million, or $1.29 per diluted share, for the full year of 2020.

Adjusted net operating income for the fourth quarter of 2021 was $202.0 million, or $0.61 per diluted share, compared with $149.5 million, or... More