The poor housing market and large number of foreclosures continues to plague Milwaukee-based MGIC Investment Corp., which reported that its second quarter loss increased by 80.5 percent to $273.89 million.
The company had a diluted loss per share of $1.36, up 81.3 percent from 75 cents in the second quarter of 2011.
Total revenues for the second quarter were $321.1 million, compared with $367.0 million in the second quarter last year. Net premiums written for the quarter were $238.6 million, compared with $270.4 million for the same period last year. New insurance written in the second quarter was $5.9 billion, compared to $3.1 billion in the second quarter of 2011.
