MGIC Investment Corporation (NYSE: MTG) reported better-than-expected fourth-quarter earnings after the closing bell on Wednesday.
MGIC Investment posted adjusted earnings of 67 cents per share, beating market estimates of 57 cents per share. The company’s quarterly sales came in at $283.96 million versus expectations of $292.72 million, according to data from Benzinga Pro.
Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”) said, “The fourth quarter capped another successful year. In 2023, we again delivered excellent financial results, and returned meaningful capital to …
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