MGIC Investment (MTG) Tops Q4 EPS by 3c
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MGIC Investment Corporation Reports Fourth Quarter 2018 Results
January 17, 2019 6:45 AM ESTMILWAUKEE, Jan. 17, 2019 /PRNewswire/ --Â MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2018. Net income for the quarter was $157.7 million, or $0.43 per diluted share, compared with net income of $27.3 million, or $0.07 per diluted share for the fourth quarter of 2017.
Adjusted net operating income for the fourth quarter of 2018 was $154.0 million, or $0.42 per diluted share, compared with $160.7 million, or $0.43 per diluted share for the fourth quarter of 2017. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between... More
