MGIC Investment Corporation Schedules 4th Quarter 2018 Earnings Call and Releases Monthly Operating Statistics

MILWAUKEE, Jan. 9, 2019 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its 4^th quarter 2018 financial results before the market opens on Thursday, January 17, 2019. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time to discuss the Company's results for the quarter ended December 31, 2018.

Individuals interested in joining over the phone should dial 1-866-834-4126 ten minutes before the conference call begins. The call is also being webcast and can be accessed via the company's website http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the company's website through February 17, 2019.

MGIC also today issued an Operational Summary of its insurance subsidiaries for the month of December 2018 for their primary mortgage insurance. The summary is also available on the company's website under Newsroom, Press Releases.

The information concerning new delinquency notices and cures is compiled from reports received from loan servicers. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer generates its report, the accuracy of the data provided by servicers, the number of business days in a month, transfers of servicing between loan servicers, and whether all servicers have provided the reports in a given month.

		December 2018				December 2017				Change
Insurance in force (billions)		$	209.7			$	194.9			7.6%
Flow only		$	202.9			$	186.9			8.6%
Beginning Primary Delinquent Inventory (# of loans)		33,314				46,900				(29.0%)
Plus: New Delinquency Notices (1)		4,752				6,098				(22.1%)
Less: Cures		4,389				5,883				(25.4%)
Less: Paids		428				526				(18.6%)
Less: Rescissions and Denials		16				33				(51.5%)
Less: Items removed from inventory (2)		335				—				N/M
Ending Primary Delinquent Inventory (# of loans)		32,898				46,556				(29.3%)

About MGIC

Mortgage Guaranty Insurance Corporation "MGIC" (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. At December 31, 2018, MGIC had $209.7 billion of primary insurance in force covering over one million mortgages.

From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website for information related to underwriting and pricing, and intends to continue to do so in the future. Such postings include corrections of previous disclosures, and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. Enrollment information for MGIC alerts can be found https://www.mgic.com/ClearRates/index.html.

View original content:http://www.prnewswire.com/news-releases/mgic-investment-corporation-schedules-4th-quarter-2018-earnings-call-and-releases-monthly-operating-statistics-300775185.html

SOURCE MGIC Investment Corporation