MGIC Investment Corp Q1 2025: Net Income Up Slightly
Ticker: MTG · Form: 10-Q · Filed: Apr 30, 2025 · CIK: 876437
| Field | Detail |
|---|---|
| Company | Mgic Investment CORP (MTG) |
| Form Type | 10-Q |
| Filed Date | Apr 30, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financials, mortgage-insurance
TL;DR
MGIC Q1 profit up slightly to $342M on $5.8B assets. Stable performance.
AI Summary
MGIC Investment Corp. reported its first quarter 2025 results, ending March 31, 2025. The company's total assets stood at $5.804 billion as of March 31, 2025, a slight decrease from $5.838 billion at the end of 2024. Net income for the first quarter of 2025 was $342.118 million, compared to $339.978 million for the same period in the prior year.
Why It Matters
This filing provides insight into MGIC's financial health and performance in the mortgage insurance sector, impacting investors and the broader housing market.
Risk Assessment
Risk Level: low — The filing appears to be a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $5.80B — Total Assets (As of March 31, 2025, showing a slight decrease from year-end.)
- $342.1M — Net Income (For the first quarter of 2025, indicating a slight increase year-over-year.)
- 16,180 — Shares Outstanding (As of March 31, 2025, a minor change from the previous period.)
Key Players & Entities
- MGIC INVESTMENT CORP (company) — Filer
- 20250331 (date) — Reporting Period End Date
- 20250430 (date) — Filing Date
- $5.804 billion (dollar_amount) — Total Assets as of March 31, 2025
- $5.838 billion (dollar_amount) — Total Assets as of December 31, 2024
- $342.118 million (dollar_amount) — Net Income for Q1 2025
- $339.978 million (dollar_amount) — Net Income for Q1 2024
FAQ
What was MGIC Investment Corp's net income for the first quarter of 2025?
MGIC Investment Corp's net income for the first quarter of 2025 was $342.118 million.
How did MGIC's total assets change from the end of 2024 to March 31, 2025?
Total assets decreased slightly from $5.838 billion at the end of 2024 to $5.804 billion as of March 31, 2025.
What is the filing date of this 10-Q report?
The filing date for this 10-Q report is April 30, 2025.
What was the net income for the same period in the prior year (Q1 2024)?
The net income for the first quarter of 2024 was $339.978 million.
What is the Standard Industrial Classification (SIC) code for MGIC Investment Corp?
The Standard Industrial Classification (SIC) code for MGIC Investment Corp is 6351, which corresponds to Surety Insurance.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 30, 2025 regarding MGIC INVESTMENT CORP (MTG).