Mgic investment reports fourth quarter results, announces $300 million share buyback

Oration reports fourth quarter 2019 results and announces $300 million share repurchase authorization.q4 adjusted operating earnings per share $0.49.q4 revenue $311.6 million versus $285.6 million.q4 earnings per share estimate $0.43 -- refinitiv ibes data.q4 new insurance written of $19.3 billion, compared to $12.2 billion in q4 of 2018.mgic investment - loss ratio for q4 of 2019 was 8.9%, compared to 12.7% for q3 of 2019 and 11.3% for q4 of 2018.mgic investment - book value per common share outstanding increased by 4% during quarter to $12.41.net premiums earned for quarter were $266.3 million, compared to $245.7 million.
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