MGIC: Fourth Quarter Earnings Overview

MGIC Investment Corp. Announces Fourth-Quarter Earnings

MGIC Investment Corp., headquartered in Milwaukee, revealed on Monday that it achieved a net profit of $169.3 million for the fourth quarter.

The company reported earnings of 75 cents per share, surpassing the 73 cents per share anticipated by analysts surveyed by Zacks Investment Research.

During the quarter, the mortgage insurer generated $298.7 million in total revenue, with adjusted revenue totaling $297.8 million.

Looking at the full year, MGIC Investment Corp. posted a net income of $738.3 million, or $3.14 per share, on revenue of $1.21 billion.

Article produced by Automated Insights using information from Zacks Investment Research.