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Mar 31
MGIC Q1 2025 Earnings Report
Reported First Quarter 2025 Results
Key Takeaways
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.
Net income for Q1 2025 was $185.5 million, up from $174.1 million in Q1 2024.
Adjusted net operating income for Q1 2025 was $185.2 million, an increase from $178.4 million in Q1 2024.
Book value per common share outstanding increased to $21.40 as of March 31, 2025, compared to $18.97 a year prior.
The company repurchased 9.2 million shares for $224.3 million during the first quarter of 2025 and authorized an additional $750 million share repurchase program.
MGIC
MGIC
MGIC Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.comNet Gains (Losses) on Investments Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
While concerns around macroeconomic and geopolitical conditions have increased, the company remains confident in its ability to navigate the evolving landscape, focusing on executing business strategies, supporting customers, and delivering long-term value to stakeholders.
Positive Outlook
- Market leadership position.
- Robust capital position.
- Strong liquidity.
- Execution of a traditional excess of loss reinsurance transaction.
- Approval of an additional $750 million share repurchase program.
Challenges Ahead
- Increased concerns around macroeconomic conditions.
- Increased concerns around geopolitical conditions.
- Potential negative impacts from wars and/or other global events on the U.S. economy.
- Risk of increased inflation and unemployment.
- Potential for decreased home prices.