MGIC Investment Corporation Reports First Quarter 2016 Results

Records First Quarter 2016 Net Income of $69.2 Million MILWAUKEE, April 19, 2016 /PRNewswire/ -- MGIC Investment Corporation (NYSE:MTG) today reported net income for the quarter ended March 31, 2016 of $69.2 million, compared with a net income of $133.1 million for the same quarter a year ago. Diluted net income per share was $0.17 for the quarter ending March 31, 2016, compared to diluted net income per share of $0.32 for the same quarter a year ago. As explained below there was activity in both periods that impacted the comparability of results on a year over year basis. Patrick Sinks, CEO......(read more)

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