MGIC Investment Q3 Earnings Surpass Estimates on Higher Revenues
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MGIC Investment's Q3 earnings exceeded expectations due to increased new insurance written and improved net investment income, despite a decrease in insurance in force.
November 05, 2024 | 4:45 pm
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MGIC Investment's Q3 earnings surpassed estimates, driven by higher new insurance written and improved net investment income, though partially offset by lower insurance in force.
The earnings beat is a positive indicator for MGIC Investment, suggesting strong operational performance. The increase in new insurance written and net investment income are key drivers for the positive outlook, outweighing the negative impact of lower insurance in force.
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