MGIC Investment Reports Q1 Earnings and Strong Financial Performance
MGIC Investment Corporation (NYSE:MTG) reported first-quarter net income of $165 million with an annualized return on equity of 13%. The company's book value per share increased to $23.63, up 10% year-over-year, driven by favorable loss reserve development and strong new insurance written.
Tickers: $MTG
Topics: book value growth capital return financial performance