MGIC’s 1Q income beats estimates on favorable loss development

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The segment’s operating loss was $4.5 million, narrower than the year-ago loss of $5.1 million. Entertainment and Licensing segment revenues grew 5.0% year over year to $30.8 million.

The 1Q ’18 result included 18.9 points of favorable prior year development and the 1Q ’19 deterioration is primarily driven by the 1Q ’19 results having 11.6 points less favorable prior year loss development. commercial auto written premium in 1Q ’19 was up 29% versus 1Q ’18.

Amazon.com’s AMZN first-quarter EPS of 1.07 was way ahead of the Zacks Consensus Estimate of. first-quarter net income of $513 million, or 1.8% of sales, compared to $482 million, or 1.3% in the.

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MGIC’s 1Q Income Beats Estimates on Favorable Loss Development National Mortgage News, Apr. 18, 2018–Brad Finkelstein (subscription) MGIC Investment Corp.’s first-quarter net income beat analysts’ estimates due to favorable loss development and that should be seen with the other private mortgage insurers.

DETROIT (AP) – General Motors’ first-quarter net income fell 60 percent from a year ago, and its shares fell even though the numbers beat wall Street estimates. The Detroit automaker says it.

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income) of 12.7 percent, a decrease of 150 basis points from 14.2 percent in 1Q 2015, primarily reflected the sale of Concentra in June 2015, which carried a higher operating cost ratio than that for the company on a consolidated basis,

Homebuilder sentiment declines to an eight-month low Homebuilder sentiment declines to an eight-month low Homebuilder Sentiment Remains Near Highest Level Since 1999. Confidence among U.S. homebuilders unexpectedly fell in March to an eight-month low as prospective buyers were in little rush to.

Amerisafe Beats Q2 Earnings Estimates, Revenues in Line. Including net realized capital losses and the tax effect, net income rose 10.3% year over year to 75 cents per share.. The favorable.

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