MGIC Investment Corp. (MTG)

[tommiegun54]

PMI COS. REVENUES DECLINE IN Q1 2017

ARCH CAPITAL TO NMI HOLDINGS saw revenue decline. Based on results, competition for a smaller pie of NEW INSURANCE WRITTEN(NIW) resulting in margin contraction.

Although revenue declined sequencially, year over year results saw increasing NIW and revenue.

MGIC revenue essentially matched analyst's estimates. Net Income exceeded analysts estimates. Revenue declined $6 million sequentially.

RADIAN revenue declined sequentially for the third quarter straight. Net Income missed analyst's estimates.

ARCH CAPITAL revenue declined sequentially if, you strip out the acquisition of AMERICAN INSURANCE GROUP. Quoting financial release: "Mortgage Segment: Gross premiums written in the quarter skyrocketed 213.3% year over year to $348.6 million, largely driven by growth in U.S. primary business."

PMI GROWTH COMPANIES ESSENT GUARANTY AND NMI HOLDINGS BOTH saw revenue decline sequentially but, Net Income matched analyst's estimates.