Industry News

MGIC earnings rise, revenue falls

Mortgage insurance policies plummet in 2nd quarter
Published on Jul 15, 2004

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by CareyBot

Private mortgage insurance provider MGIC Investment Corp. (NYSE:MTG) reported second-quarter net income of $154.5 million, up 7.4 percent from $143.8 million for the same quarter a year ago. Diluted earnings per share rose to $1.56 in the second quarter, compared ...