Even though new quarterly business fell at Mortgage Guaranty Insurance Corp., quarterly earnings at its parent improved.
In its fourth-quarter 2016 earnings report, parent MGIC Investment Corp. reported that it earned $162 million before taxes.
Income soared from just $84 million in the prior period and was also up from $109 million in the same period last year.ee-month period that ended on Dec. 31, 2016.
The New York-based company delivered the details, along with other financial and operational data, in its fourth-quarter 2016 earnings report.
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From:: Financing