MGIC Investment

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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Earnings data Q4 2024

MGIC Investment (MTG) reports robust Q4 earnings and growth outlook

MGIC Investment (MTG) delivered strong financial performance in Q4 2022, with notable increases in net income and insurance in force.
The company's focus on credit quality, capital deployment, and risk management positions it well for future growth opportunities.
Challenges from market dynamics and fee adjustments are being addressed strategically to sustain MGIC's competitive edge in the industry.

MGIC Investment reports robust Q1 earnings, focuses on talent and efficiency

MGIC Investment (MTG) had a strong start in Q1 2023, focusing on financial strength, talent retention, and efficiency. Despite challenges, the company is poised for growth with strategic investments and a positive outlook on credit performance.

MGIC Investment reports strong Q2 earnings and strategic growth plans

MGIC Investment Corporation delivered a solid performance in Q2 2023, driven by strong new insurance written and net income figures.
Despite facing challenges such as operating expenses and market competition, the company's robust capital levels and strategic initiatives position it well for future growth.
With a focus on risk management, operational efficiency, and shareholder value, MGIC Investment remains optimistic about future opportunities in the insurance industry.

MGIC Investment reports strong Q3 earnings, eyes growth opportunities

MGIC Investment Corporation delivered a robust performance in Q3 2023, showcasing strong financial metrics and effective risk management strategies.
While facing challenges in navigating market conditions and expense ratios, the company has opportunities to drive growth through capital return initiatives and leveraging positive credit trends.
Overall, MGIC's resilience, capital management actions, and focus on risk mitigation position it well for future success in the insurance sector.

MGIC Investment posts strong Q4 results, optimistic on future growth

MGIC Investment showcases resilience amidst market challenges
Optimistic outlook for future opportunities and growth
Strong financial performance and credit ratings upgrade
Continued focus on expense reduction and shareholder value

MGIC Investment reports robust Q1 earnings amidst mortgage industry challenges

MGIC Investment Corporation delivered solid financial performance in Q1 2024, driven by strong credit performance and effective capital management strategies. While facing challenges in the mortgage origination industry, the company remains focused on enhancing shareholder value through capital activities and prudent risk management. Addressing analyst inquiries, MGIC is poised to capitalize on opportunities for growth and optimization in its operations.

MGIC Investment reports robust Q2 earnings, eyes growth opportunities

MGIC Investment Corporation delivered strong financial results in Q2 2024, driven by robust credit quality performance and capital management initiatives. The company remains focused on maintaining financial strength, flexibility, and capital efficiency. Despite challenges in reinsurance funding and evolving market dynamics, MGIC is well-positioned to capitalize on positive credit trends and growth opportunities.

MGIC Investment reports strong Q3 earnings and growth opportunities

MGIC Investment (MTG) delivered a robust performance in Q3 2024, marked by strong financial results, increased insurance underwriting, and shareholder value enhancements. The company's upgraded credit rating, favorable portfolio performance, and cost-saving initiatives position it well for future growth. While market conditions present challenges, MGIC is poised to leverage opportunities for expansion and profitability.

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MGIC Investment Corp. is a holding company, which engages in the provision of mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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MGIC Investment (MTG) stands to gain from higher insurance in force, favorable loss reserve development, new business rewriting and prudent capital deployment.

Here's Why Hold Strategy Is Apt for MGIC Investment (MTG)

MGIC (MTG) reported earnings 30 days ago. What's next for the stock?

Why Is MGIC (MTG) Up 5.8% Since Last Earnings Report?

MGIC Investment Corp (NYSE:MTG ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Dianna Higgins - SVP, IR Timothy Mattke - CEO & Director Nathaniel Colson - EVP & CFO Conference Call Participants Bose George - KBW Mark DeVries - Barclays Bank Mihir Bhatia - Bank of America Merrill Lynch Eric Hagen - BTIG Geoffrey Dunn - Dowling & Partners Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the MGIC Investment Corporation First Quarter 2023 Earnings Call. [Operator Instructions].

MGIC Investment Corp (MTG) Q1 2023 Earnings Call Transcript

MGIC Investment's (MTG) Q1 results benefit from higher insurance in force and net investment income. Meanwhile, higher expenses and lower premiums partially offset the positives.

MGIC Investment (MTG) Q1 Earnings Top on Higher Persistency

MGIC Investment (MTG) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.60 per share a year ago.

MGIC Investment (MTG) Q1 Earnings Beat Estimates

First Quarter 2023 Net Income of $154.5 million or $0.53 per Diluted Share First Quarter 2023 Adjusted Net Operating Income (Non-GAAP) of $157.8 million or $0.54 per Diluted Share MILWAUKEE , May 3, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2023. Net income for the quarter was $154.5 million, or $0.53 per diluted share, compared with net income of $175.0 million, or $0.54 per diluted share, for the first quarter of 2022.

MGIC Investment Corporation Reports First Quarter 2023 Results

MILWAUKEE , April 27, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced its board of directors has approved an additional share repurchase program with authorization to purchase up to $500 million of its common stock. The company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) at any time prior to July 1, 2025.

MGIC Investment Announces Additional $500 Million Share Repurchase Program and Quarterly Dividend of $0.10 Per Share

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MILWAUKEE , April 5, 2023 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), today announced three promotions in the area of Business Development, designed to further strengthen the company's longstanding commitment to customer experience and relationships. All three promotions are effective April 1, 2023.

MGIC ANNOUNCES NEW BUSINESS DEVELOPMENT LEADERSHIP

Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and a solid capital poise MGIC Investment (MTG) for growth.

Why You Should Hold MGIC Investment (MTG) in Your Portfolio

MILWAUKEE , April 4, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2023 financial results after the market closes on Wednesday, May 3, 2023.  A conference call/webcast has been scheduled for 10:00 a.m.

MGIC Investment Corporation Schedules 1st Quarter 2023 Earnings Call

Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and a solid capital position poise MGIC Investment (MTG) well for growth.

MGIC's (MTG) Solid Insurance Written Aids, Expense Woes Stay

Why Is MGIC (MTG) Down 3.8% Since Last Earnings Report?

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MGIC reported a strong Q4 of $0.56, up 12% from a year ago. Why I don't worry that MGIC's claims payments will surge.

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MGIC Investment Corp (NYSE:MTG ) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Dianna Higgins - SVP, IR Timothy Mattke - CEO & Director Nathaniel Colson - EVP & CFO Conference Call Participants Mark DeVries - Barclays Bank Bose George - KBW Mihir Bhatia - Bank of America Merrill Lynch Geoffrey Dunn - Dowling & Partners Securities Eric Hagen - BTIG Douglas Harter - Crédit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to the MGIC Investment Corporation Fourth Quarter 2022 Earnings Call. [Operator Instructions].

MGIC Investment Corp (MTG) Q4 2022 Earnings Call Transcript

MGIC Investment (MTG) Q4 results reflect higher insurance in force and net investment income, offset by higher expenses and lower premiums.

MGIC Investment (MTG) Q4 Earnings Top, Revenues Lag Estimates

MGIC (MTG) delivered earnings and revenue surprises of 8.47% and 12.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

MGIC Investment (MTG) Q4 Earnings Surpass Estimates

Fourth Quarter 2022 Net Income of $191.4 million or $0.64 per Diluted Share Fourth Quarter 2022 Adjusted Net Operating Income (Non-GAAP) of $193.3 million or $0.64 per Diluted Share Full Year 2022 Net Income of $865.3 million or $2.79 per Diluted Share Full Year 2022 Adjusted Net Operating Income (Non-GAAP) of $904.8 million or $2.91 per Diluted Share MILWAUKEE , Feb. 1, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2022. Net income for the quarter was $191.4 million, or $0.64 per diluted share, compared with net income of $173.9 million, or $0.52 per diluted share, for the fourth quarter of 2021.

MGIC Investment Corporation Reports Fourth Quarter 2022 Results

MILWAUKEE , Jan. 24, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.10 per share, payable on March 2, 2023, to shareholders of record as of February 17, 2023.  About MGIC Mortgage Guaranty Insurance Corporation ("MGIC") ( www.mgic.com ), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

MGIC Investment Announces Quarterly Dividend of $0.10 Per Share

The housing market downturn doesn't appear to be affecting the private mortgage insurer yet.

What Would a Recession Mean for MGIC's Earnings?

MGIC Investment Corporation is one of the leading mortgage insurance companies in the United States. The stock trades at just 84% of book, pays a 3.14% dividend and is buying back stock strategically while reducing debt.

MGIC Investment Corporation: Strong Buy At 84% Of Book Value

MILWAUKEE , Jan. 3, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2022 financial results after the market closes on Wednesday, February 1, 2023.  A conference call/webcast has been scheduled for 10:00 a.m.

News for MGIC Investment Stock (MTG)