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Wednesday, July 18, 2018

-=MGIC Investment (MTG) reported earnings on Wed 18 July 18 (b/o)



MGIC Investment beats by $0.13, beats on revs 
  • Reports Q2 (Jun) earnings of $0.49 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus of $0.36; revenues rose 7.1% year/year to $282 mln vs the $269.97 mln Capital IQ Consensus.
  • Total assets were $5.59 billion as of June 30, 2018, compared to $5.62 billion as of December 31, 2017, and $5.60 billion as of June 30, 2017.
  • Primary delinquent inventory of 36,037 loans at June 30, 2018 decreased from 46,556 loans at December 31, 2017. Primary delinquent inventory declined 12.8% year-over-year from 41,317 loans at June 30, 2017.

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