MGIC Investment (MTG) Tops Q3 EPS by 12c
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MGIC Investment Corporation Reports Third Quarter 2020 Results
November 4, 2020 5:30 PM ESTMILWAUKEE, Nov. 4, 2020 /PRNewswire/ --Â MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2020. Net income for the quarter was $130.8 million, or $0.38 per diluted share, compared with net income of $176.9 million, or $0.49 per diluted share, for the third quarter of 2019.
Adjusted net operating income for the third quarter of 2020 was $149.9Â million, or $0.43 per diluted share, compared with $173.6 million, or $0.48 per diluted share, for the third quarter of 2019. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between periods of... More
