MGIC Investment Corp. (MTG)

[tommiegun54]

AVERAGE CLAIMS COST DECLINE TO $47.2K FROM $50.2K IN Q3, AS U.S. HOME PRICES RISE

MGIC AND RADIAN CLAIM COST ARE DECLINING AS UNITED STATES HOME PRICES RISE, lowering mitigation costs boosting net income.

MGIC is also lowering the severity of their claim cost to match a brighter outlook.

During the "great recession", that began in 2007 RADIAN and MGIC struggled to survive. Now, both legacy PMI companies are seeing claims cost decline in AVERAGE dollar value and quantity.