MGIC Investment Corp. (MTG)

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NET CASH FROM OPS 6 MOS. 2018 INCREASED TO $263 MIL FROM $126 MIL IN 2017

MGIC INVESTMENT net cash from operations INCREASED 209% at 6 months ending June 30, 2018 to $263 million vs. $126 million for 6 month period in 2017.

Net income increased to $330 million from $208 million for the 6 months ending June 30, 2018 vs. the same period last year. Reserves for loan loan losses and loss adjusted expenses declined $79 million from 2017.

MGIC repurchased $108 million in stock during the first 6 months of the fiscal year. Cash and cash equivalents ended June 30, 2018 at $192 million vs. $128 million in 2017.

PMIERS(private MORTGAGE insurers eligibility requirements) available assets, covering the most liquid assets, increased to approximately $1 BILLION above the forecasted requirements of regulations.