Total revenues for the quarter were $411.5 million, up 3.1% from $399.1 million for the comparable quarter in 2007. Net premiums written in the quarter were $360.7 million, compared to $380.5 million for the same period in 2007.

The company reported that its net loss for the full year of 2008 was $518.9 million, or $4.55 per diluted share, as compared to a net loss of $1.67 billion, $20.54 per diluted share, for 2007.

Total revenues for the year were $1.72 billion, compared with $1.69 billion in 2007. Net premiums written for the year were $1.47 billion, compared with $1.35 billion in 2007, an increase of 8.9%.

Curt Culver, chairman and CEO of MGIC Investment, said that falling home values and the impact of the recession have caused a significant increase in delinquencies in the fourth quarter and for the full year of 2008 and continue to materially impact the company's financial results.

Given the current state of the housing market and the company's expectations for higher unemployment the company does not expect a return to profitability in 2009, added Mr Culver.

A service of YellowBrix, Inc.