MGIC Investment Q3 Earnings Surpass Estimates on Higher Revenues
Magic Software Enterprises(MGIC) ZACKS·2024-11-06 00:35
MGIC Investment Corporation (MTG) reported third-quarter 2024 operating net income per share of 77 cents, which beat the Zacks Consensus Estimate by 15%. Moreover, the bottom line increased 20.3% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The quarterly results reflected higher new insurance written and improved net investment income, partially offset by lower insurance in force.MGIC Investment recorded total operating revenues of $306 million, which increased 3% ...