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Dec 31, 2023
MGIC Q4 2023 Earnings Report
MGIC Investment Corporation reported fourth quarter results, with net income of $184.5 million and adjusted net operating income of $187.6 million.
Key Takeaways
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.
Net income for the fourth quarter of 2023 was $184.5 million, or $0.66 per diluted share.
Adjusted net operating income (Non-GAAP) for the fourth quarter of 2023 was $187.6 million, or $0.67 per diluted share.
The company paid a dividend of $0.115 per common share to shareholders during the fourth quarter of 2023.
MGIC paid a $300 million dividend to our holding company.
Forward Guidance
MGIC Investment Corporation did not provide specific forward guidance in the provided document. The CEO expressed excitement for the opportunities that the new year will bring, but did not provide any specific financial targets or expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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