MGIC Investment reports Q2 adjusted EPS 77c, consensus 64c

Reports Q2 revenue $305.28M vs. $290.68M. Tangible book value per share was $20.85 from $20.18 at previous quarter end. CEO Tim Mattke said, “I am pleased to report we again delivered a solid quarter of financial results. We continue to benefit from favorable credit trends, a disciplined market approach, focus on through the cycle performance, and the strength of our business model. We remain committed to creating long-term value for all of our stakeholders. As we navigate the second half of the year, our agility in responding to market dynamics will drive our success, and I am excited about the opportunities ahead of us”.