MGIC Investment Corp. Files 2024 10-K
Ticker: MTG · Form: 10-K · Filed: 2025-02-26T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, insurance
TL;DR
MGIC filed its 2024 10-K. All systems go.
AI Summary
MGIC Investment Corp. filed its 2024 10-K on February 26, 2025, reporting on its fiscal year ending December 31, 2024. The company, headquartered in Milwaukee, WI, operates in the surety insurance sector. The filing provides financial data and operational details for the reporting period.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of MGIC Investment Corp.'s financial performance and strategic positioning for the fiscal year 2024, crucial for understanding its current market standing and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-02-26 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- MGIC INVESTMENT CORP (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-02-26 (date) — Filing date
- MILWAUKEE (location) — Company headquarters city
- WI (location) — Company headquarters state
FAQ
What was MGIC Investment Corp.'s total revenue for the fiscal year ending December 31, 2024?
The provided text does not contain specific revenue figures for the fiscal year ending December 31, 2024.
What is the company's primary line of business as indicated in the filing?
The company's Standard Industrial Classification is SURETY INSURANCE [6351].
Where is MGIC Investment Corp. headquartered?
MGIC Investment Corp. is headquartered at 250 East Kilbourn Avenue, Milwaukee, WI 53202.
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted on February 26, 2025.
What is the SEC file number for MGIC Investment Corp.?
The SEC file number for MGIC Investment Corp. is 001-10816.
From the Filing
0000876437-25-000036.txt : 20250226 0000876437-25-000036.hdr.sgml : 20250226 20250226164937 ACCESSION NUMBER: 0000876437-25-000036 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 129 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250226 DATE AS OF CHANGE: 20250226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGIC INVESTMENT CORP CENTRAL INDEX KEY: 0000876437 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] ORGANIZATION NAME: 02 Finance IRS NUMBER: 391486475 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10816 FILM NUMBER: 25670945 BUSINESS ADDRESS: STREET 1: 250 EAST KILBOURN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4143476480 MAIL ADDRESS: STREET 1: 250 EAST KILBOURN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 10-K 1 mtg-20241231.htm 10-K mtg-20241231 0000876437 2024 FY false P1Y P3Y P2Y P3Y 25 P1Y P3Y P2Y P3Y iso4217:USD xbrli:shares iso4217:USD xbrli:shares mtg:loan xbrli:pure mtg:security mtg:jurisdiction 0000876437 2024-01-01 2024-12-31 0000876437 2024-06-30 0000876437 2025-02-21 0000876437 us-gaap:FixedMaturitiesMember 2024-12-31 0000876437 us-gaap:FixedMaturitiesMember 2023-12-31 0000876437 us-gaap:ShortTermInvestmentsMember 2024-12-31 0000876437 us-gaap:ShortTermInvestmentsMember 2023-12-31 0000876437 us-gaap:EquitySecuritiesMember 2024-12-31 0000876437 us-gaap:EquitySecuritiesMember 2023-12-31 0000876437 2024-12-31 0000876437 2023-12-31 0000876437 2023-01-01 2023-12-31 0000876437 2022-01-01 2022-12-31 0000876437 srt:ParentCompanyMember 2024-01-01 2024-12-31 0000876437 us-gaap:CommonStockMember 2023-12-31 0000876437 us-gaap:CommonStockMember 2022-12-31 0000876437 us-gaap:CommonStockMember 2021-12-31 0000876437 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0000876437 us-gaap:CommonStockMember 2024-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2023-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2022-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2021-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2022-01-01 2022-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2024-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000876437 us-gaap:RetainedEarningsMember 2023-12-31 0000876437 us-gaap:RetainedEarningsMember 2022-12-31 0000876437 us-gaap:RetainedEarningsMember 2021-12-31 0000876437 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0000876437 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0000876437 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000876437 us-gaap:RetainedEarningsMember 2024-12-31 0000876437 2022-12-31 0000876437 2021-12-31 0000876437 srt:MinimumMember 2024-12-31 0000876437 srt:MaximumMember 2024-12-31 0000876437 srt:MinimumMember 2024-01-01 2024-12-31 0000876437 srt:MaximumMember 2024-01-01 2024-12-31 0000876437 mtg:ConvertibleJuniorDebenturesat9perannumDue2063Member 2023-12-31 0000876437 mtg:C