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MGIC Fiscal Q1 2023 Earnings Report - CapyFin

MGIC

🇺🇸 NYSE:MTG

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Overview Earnings Dividends Seasonality Metrics

May 03, 2023

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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.