MGIC Investment Corporation delivered solid financial results in Q4 2025, with net income of $169.3 million and diluted EPS of $0.75. The company ended the year with over $303 billion of insurance in-force and returned $915 million of capital to shareholders during the year, demonstrating strong financial stability and risk management.
Magic Software achieved record-breaking results in Q3 2025, with double-digit revenue growth driven by strong performance in Israel and North America. Operating income and net income also saw notable increases, reflecting robust demand and operational execution.
MGIC Investment Corporation delivered a strong second quarter in 2025, achieving a net income of $192.5 million and an annualized return on equity of 15%. The company demonstrated robust capital management by returning $212 million to shareholders through share repurchases and dividends, further supported by a 15% increase in its common stock dividend.
MGIC Investment Corporation reported strong first quarter 2025 financial results with net income and adjusted net operating income showing increases compared to the prior year. The company maintained market leadership with robust capital and liquidity, while also executing a reinsurance transaction and continuing share repurchases.
MGIC Investment Corporation reported a net income of $184.7 million, or $0.72 per diluted share, and an adjusted net operating income (Non-GAAP) of $184.5 million, or $0.72 per diluted share for the fourth quarter of 2024.
MGIC Investment Corporation reported a net income of $200.0 million for the third quarter of 2024, resulting in $0.77 per diluted share. The adjusted net operating income was $200.7 million, also equating to $0.77 per diluted share. The company achieved a 15.6% return on equity.
MGIC Investment Corporation reported a strong second quarter of 2024, with a net income of $204.2 million, or $0.77 per diluted share, and an adjusted net operating income of $204.9 million, or $0.77 per diluted share. The company continues to benefit from favorable credit trends and a disciplined market approach.
MGIC Investment Corporation reported a net income of $174.1 million, or $0.64 per diluted share, for the first quarter of 2024. The company's adjusted net operating income was $178.4 million, or $0.65 per diluted share. The company benefited from favorable credit trends and the resiliency of the housing market.
MGIC Investment Corporation reported a successful fourth quarter of 2023, with strong financial results and continued commitment to delivering long-term value to shareholders. The company reported net income of $184.5 million, or $0.66 per diluted share, and adjusted net operating income (Non-GAAP) of $187.6 million, or $0.67 per diluted share.
MGIC Investment Corporation reported a net income of $182.8 million, or $0.64 per diluted share, for the third quarter of 2023. The adjusted net operating income was $183.0 million, or $0.64 per diluted share. The company's performance benefited from favorable credit trends and prudent risk management strategies.
MGIC Investment Corporation reported a net income of $191.1 million for the second quarter of 2023, with adjusted net operating income of $196.0 million. New insurance written was $12.4 billion, and persistency was 83.5%. The company paid a dividend of $0.10 per common share and repurchased 5.0 million shares of common stock.
MGIC Investment Corporation reported a net income of $154.5 million, or $0.53 per diluted share, for the first quarter of 2023. Adjusted net operating income was $157.8 million, or $0.54 per diluted share.
MGIC Investment Corporation reported a net income of $191.4 million, or $0.64 per diluted share, for the fourth quarter of 2022. Adjusted net operating income (Non-GAAP) was $193.3 million, or $0.64 per diluted share. The company delivered exceptional financial results for 2022 and provided meaningful capital returns to shareholders.
MGIC Investment Corporation reported a net income of $249.6 million, or $0.81 per diluted share, for the third quarter of 2022, compared to $158.0 million, or $0.46 per diluted share, for the third quarter of 2021. Adjusted net operating income was $264.2 million, or $0.86 per diluted share, compared to $157.1 million, or $0.46 per diluted share for the same period last year.
MGIC Investment Corporation reported a net income of $249.3 million, or $0.80 per diluted share, and an adjusted net operating income of $254.4 million, or $0.81 per diluted share, for the second quarter of 2022. The company demonstrated the benefits of its capital position by growing insurance in force, repurchasing stock, paying a common stock dividend, decreasing its leverage ratio and producing an annualized 21.6% return on equity.
MGIC Investment Corporation reported a net income of $175.0 million, or $0.54 per diluted share, for the first quarter of 2022. Adjusted net operating income was $192.9 million, or $0.60 per diluted share.
MGIC Investment Corporation reported a net income of $173.9 million, or $0.52 per diluted share, for the fourth quarter of 2021. The company capitalized on one of the largest mortgage insurance markets in its history by writing a record $120 billion of new insurance in 2021, including $27 billion in the fourth quarter.
MGIC Investment Corporation reported a net income of $158.0 million, or $0.46 per diluted share, for the third quarter of 2021. Adjusted net operating income was $157.1 million, or $0.46 per diluted share.
MGIC Investment Corporation reported a strong second quarter in 2021, with net income of $153.1 million, or $0.44 per diluted share, and adjusted net operating income of $151.5 million, also $0.44 per diluted share. The company benefited from a strong housing market, improving economic conditions, and a decrease in new delinquencies.
MGIC Investment Corporation reported a net income of $150.0 million, or $0.43 per diluted share, for Q1 2021, compared to $149.8 million, or $0.42 per diluted share, for Q1 2020. Adjusted net operating income was $148.0 million, or $0.42 per diluted share, compared to $147.5 million, or $0.42 per diluted share, for the same period last year.
MGIC Investment Corporation reported a net income of $151.4 million, or $0.44 per diluted share, for the fourth quarter of 2020. Adjusted net operating income (Non-GAAP) was $149.5 million, or $0.43 per diluted share. The company wrote $33.2 billion of new insurance in the fourth quarter, contributing to a more than 10% year-over-year increase in insurance in force.
MGIC Investment Corporation reported a net income of $130.8 million, or $0.38 per diluted share, for the third quarter of 2020. Adjusted net operating income was $149.9 million, or $0.43 per diluted share. New insurance written was $32.8 billion, and insurance in force increased by 9.5% compared to the previous year.
MGIC Investment Corporation reported a net income of $14.0 million, or $0.04 per diluted share, for the second quarter of 2020. The results were impacted by the loan loss reserves established for expected losses on new loan delinquencies due to the economic environment.
MGIC Investment Corporation reported a net income of $177.1 million, or $0.49 per diluted share, for the fourth quarter of 2019, compared to $157.7 million, or $0.43 per diluted share, for the same period in 2018. The company's adjusted net operating income was $176.1 million, or $0.49 per diluted share, compared to $154.0 million, or $0.42 per diluted share in Q4 2018. The company also announced a $300 million share repurchase authorization.
