MGIC Investment Corporation Reports First Quarter 2021 Results
First Quarter 2021 Net Income of $150.0 million or $0.43 per Diluted Share
First Quarter 2021 Adjusted Net Operating Income (Non-GAAP) of $148.0 million or $0.42 per Diluted Share
News provided by
Share this article
Share this article
MILWAUKEE, May 5, 2021 /PRNewswire/ MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2021. Net income for the quarter was $150.0 million, or $0.43 per diluted share, compared with net income of $149.8 million, or $0.42 per diluted share, for the first quarter of 2020.
Adjusted net operating income for the first quarter of 2021 was $148.0 million, or $0.42 per diluted share, compared with $147.5 million, or $0.42 per diluted share, for the first quarter of 2020. We present the non-GAAP financial measure Adjusted net operating income to increase the comparability between periods of our financial results. See