MGIC: Q4 Earnings Snapshot

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MILWAUKEE (AP) — MILWAUKEE (AP) — MGIC Investment Corp. (MTG) on Monday reported fourth-quarter earnings of $184.7 million.

On a per-share basis, the Milwaukee-based company said it had net income of 72 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The mortgage insurance company posted revenue of $301.4 million in the period. Its adjusted revenue was $303.1 million.

For the year, the company reported profit of $763 million, or $2.89 per share. Revenue was reported as $1.22 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTG at https://www.zacks.com/ap/MTG