MGIC Investment reports Q3 adjusted EPS 77c, consensus 66c

Reports Q3 revenue $306.65M, consensus $306.02M. Reports Q3 Book value per common share outstanding $20.66 vs. $19.58 in the precious quarter. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance said, “We are very pleased with our Q3 financial results, generating net income of $200M and delivering a 15.6% return on equity.” “Our disciplined approach to risk management and prudent capital management strategies together with our ability to serve our customers with quality offerings and best-in-class service continues to drive value for all of our stakeholders,” concluded Mattke.