Industry News

MGIC earnings drop in first quarter

Losses at home-loan insurer grow 14%
Published on May 5, 2006

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by CareyBot

MGIC Investment Corp. reported first-quarter-2006 net income of $163.5 million, down 10.2 percent from $182 million earned in the same quarter a year ago. Diluted earnings per share were $1.87 for the quarter ending March 31, 2006, down 1.6 percent ...