MGIC Investment (MTG) Tops Q3 EPS by 6c
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MGIC Investment Corporation Reports Third Quarter 2017 Results
October 18, 2017 6:45 AM EDTMILWAUKEE, Oct. 18, 2017 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the quarter ended September 30, 2017. Net income for the quarter ended September 30, 2017 was $120.0 million, or $0.32 per diluted share. Net income for the quarter ended September 30, 2016 was $56.6 million, or $0.14 per diluted share.
Adjusted net operating income for the quarter ended September 30, 2017 was $120.7 million or $0.32 per diluted share. Adjusted net operating income for the quarter ended September 30, 2016 was $102.4 million or $0.25 per diluted share. We present the non-GAAP financial measure "Adjusted net operating income" to increase the... More
