Reports Q1 revenue $294.36M, consensus $300.51M. CEO Tim Mattke said, “We began the year with a solid quarter generating net income of $174M, delivering a return on equity of 13.7%, and increasing book value per share by 14.5% year-over-year while returning meaningful capital to our shareholders. We continue to benefit from favorable credit trends and the resiliency of the housing market. We remain confident in our position in the market and ability to execute our business strategies.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTG:
- MGIC Investment Corporation Reports First Quarter 2024 Results
- MTG Earnings this Week: How Will it Perform?
- MGIC Investment Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.115 Per Share
- MGIC Investment downgraded to Market Perform from Outperform at Keefe Bruyette
