MGIC Investment Corp. (MTG)

[tommiegun54]

CLAIMS PAID DECLINE 42.9%/$97 MIL FOR Q2 2018
Y/O/Y

NET PAID CLAIMS DECLINE ~ $97 million from $173 million to $76 million in Q2 2018 based on preliminary results.

Net paid Claims have shown a steady decline over many quarters since "the great recession":

(in millions)
$173 q2 2017
$113 q3 2017
$$91 q4 2017
$82 q1 2018
$76 q2 2018*
estimates based on operating reports

Declining claims is boosting quarterly profit. MGIC INVESTMENT posted net profit that has beat analysts estimates for 6 quarters straight.
$38.7 million in excess reserves will be available based on the 5,206 loans cleared from the delinquent inventory for q2 2018.