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Mar 31, 2024
MGIC Q1 2024 Earnings Report
MGIC Investment Corporation reported solid first quarter results with a net income of $174 million.
Key Takeaways
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.
Net income for Q1 2024 was $174.1 million, or $0.64 per diluted share.
Adjusted net operating income for Q1 2024 was $178.4 million, or $0.65 per diluted share.
New insurance written (NIW) for Q1 2024 was $9.1 billion.
Insurance in force was $290.9 billion at the end of Q1 2024.
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MGIC Revenue by Segment
Forward Guidance
No forward guidance provided in the report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income