The book of business, insurance written and earnings all increased from the prior quarter and a year prior at MGIC Investment Corp. Meanwhile, delinquency decreased..
The mortgage insurer’s second-quarter 2018 earnings report revealed that income before taxes during the three months ended June 30 came to $238 million.
Earnings improved from the same quarter last year, when income came in at $181 million. An increase was also reported from the first-three months of this year, when pre-tax income was $180 million.
Source: Mortgage Daily