MGIC Investment Corp. (MTG): FAVORABLE LOSS DEVELOPMENT HELPS MGIC PU...

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tommiegun54

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Monday, 10/15/2018 10:16:59 PM

Monday, October 15, 2018 10:16:59 PM

FAVORABLE LOSS DEVELOPMENT HELPS MGIC PUSH EARNINGS PASS ANALYST'S ESTIMATES

"HIGHER CURE RATES"

HIGHER cures impact MGIC FINANCIAL RESULTS.

"For the six months ended June 30, 2018 and 2017, we experienced favorable loss reserve development on previously received
delinquencies, in large part, due to the resolution of approximately 51% and 48%, respectively, of the prior year delinquent inventory, with improved cure rates.

2017 compared to 2016. Losses incurred, net decreased 78% to $54 million compared to $240 million in 2016. The decrease was due to both a decrease in losses and LAE incurred in respect to delinquencies reported in the currrent year and favorable development on prior year delinquencies."

**INFORMATION FROM SEC 10Q AND SEC 10K REPORTS

ZACKS OCTOBER 15, 2018:

"Why MGIC Investment (MTG) Might Surprise This Earnings Season"

https://m.nasdaq.com/article/why-mgic-investment-mtg-might-surprise-this-earnings-season-cm1037330