InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,447.87
(
-0.31%
)
US TECH 100
19,048.40
(
0.47%
)
Dow Jones
39,411.21
(
0.67%
)
Brent Oil
84.81
(
-0.55%
)
Bitcoin
61,268.30
(
1.67%
)
Post# of 1369
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

tommiegun54

Send PM Follow Ignore
Followers 1
Posts 512
Boards Moderated 0
Alias Born 05/09/2017

tommiegun54

Re: None

Wednesday, 08/04/2021 6:53:06 PM

Wednesday, August 04, 2021 6:53:06 PM

Post# of 1369
MGIC BEATS EARNINGS ESTIMATES AND INCREASED BOOK VALUE TO $14.48

MGIC added $4,000 to each reserve for loan losses INVENTORY for a total of $171 million. They ended the quarter with an average reserve per delinquency of $21,147 vs. $17,147 in Q1 2021.

Average claim payments declined to $29.9k from $50.5k in Q1 2021. The decline is attributed to higher home values.

New insurance written was $33.6 billion from $30.8 billion in Q1 2021. Insurance in Force increased to $262 billion from $251.7 billion in Q1 2021.

Overall MGIC had a great quarter, continuing to lead the PMI INDUSTRY.
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Detailed Quote
Recent MTG News
More MTG News
InvestorsHub NewsWire

Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM

Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM

Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM

ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM

North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM

VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM

Start posting your company's news
Only $200 per official company press release!