MGIC Investment Corp. said it earned $112.9 million in the second quarter, 19% more than a year earlier. Per-share earnings rose 24%, to $1.02. For the first six months, net income totaled $213.4 million, up 12.7%.
Only 1.93% of MGIC's loans were in default on June 30, down from 2.02% a year earlier and 2.21% at yearend. u