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Mar 31, 2023
MGIC Q1 2023 Earnings Report
MGIC Investment Corporation reported strong financial results due to strong credit performance.
Key Takeaways
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.
New insurance written was $8.2 billion.
Persistency was 82.0%.
Insurance in force was $292.4 billion.
Primary delinquency inventory was 24,757 loans.
MGIC
MGIC
Forward Guidance
No specific forward guidance was provided in the earnings report.