MGIC Investment Q4 EPS Beats by 2.7%, Revenues Slip 0.9% to $298.7M
MGIC Investment reported Q4 operating net income of $0.75 per share, beating consensus by 2.7% and rising 4.2% year over year. Total operating revenues declined 0.9% to $298.7 million, missing estimates by 2.9% due to lower net premiums and other revenues despite stable investment income.
1. Quarterly Earnings Performance
MGIC Investment reported fourth-quarter operating net income of $0.75 per share, up 4.2% year over year and outperforming consensus by 2.7%, reflecting modest improvement in underwriting results.
2. Revenue Breakdown
Total operating revenues fell 0.9% year over year to $298.7 million, missing estimates by 2.9%. The decline was driven by lower net premiums earned and reductions in other fee-based revenues.
3. Investment and Expense Highlights
Investment income remained stable year over year, partially offsetting revenue headwinds. Expense controls supported overall profitability, though detailed expense ratios were not disclosed for the quarter.