Seeking Alpha

More on MGIC Investment (MTG) Q4 earnings: There's a sharp deterioration in the company's...

More on MGIC Investment (MTG) Q4 earnings: There's a sharp deterioration in the company's capital position, with the risk-to-capital ratio jumping to 47.8:1 as of Dec. 31, and management expecting it to increase beyond that. The maximum level allowed by most jurisdictions is 25:1. The company is dependent on reinsurance arrangements and waivers to continue writing policies. Shares -9% premarket. (PR)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)