Reuters: Regulatory News: MGIC's net loss widens as investment income slumps

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MGIC's net loss widens as investment income slumps Apr 30th 2013, 11:23 April 30 | Tue Apr 30, 2013 7:23am EDT April 30 (Reuters) - Mortgage insurer MGIC Investment Corp's posted a quarterly loss for the 11th straight quarter, hurt by lower investment income and premiums earned. The company's net loss widened to $72.9 million, or 31 cents per share, in the first quarter from $19.6 million, or 10 cents per share, a year earlier. MGIC has posted net losses for the last six years and analysts do not expect the company to post a profit until the first quarter of 2014.

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