Real estate loan insurer boosts profits - 2005-01-18
Private mortgage insurance provider MGIC Investment Corp. posted fourth-quarter net income of $134.5 million, 29.5 percent higher from the $103.9 million reported for the same quarter a year ago.
Net income for the full year 2004 was $553.2 million, versus $493.9 million for the same period last year, an increase of 12 percent. Diluted earnings per share for the full year 2004 were $5.63 compared with $4.99 in 2003, a 12.8 percent increase.
Read the full story at Inman.com