MGIC Investment Corp Q1 2025: Net Income Up Slightly
Ticker: MTG · Form: 10-Q · Filed: 2025-04-30T00:00:00.000Z
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.
From the Filing
0000876437-25-000074.txt : 20250430 0000876437-25-000074.hdr.sgml : 20250430 20250430160656 ACCESSION NUMBER: 0000876437-25-000074 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250430 DATE AS OF CHANGE: 20250430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGIC INVESTMENT CORP CENTRAL INDEX KEY: 0000876437 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] ORGANIZATION NAME: 02 Finance EIN: 391486475 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-10816 FILM NUMBER: 25895014 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-Q 1 mtg-20250331.htm 10-Q mtg-20250331 0000876437 2025 Q1 false --12-31 5,803,937 5,838,145 342,118 339,978 16,180 16,146 P1Y P3Y P2Y 346 456 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure mtg:security mtg:jurisdiction 0000876437 2025-01-01 2025-03-31 0000876437 2025-04-25 0000876437 us-gaap:FixedMaturitiesMember 2025-03-31 0000876437 us-gaap:FixedMaturitiesMember 2024-12-31 0000876437 us-gaap:ShortTermInvestmentsMember 2025-03-31 0000876437 us-gaap:ShortTermInvestmentsMember 2024-12-31 0000876437 2025-03-31 0000876437 2024-12-31 0000876437 2024-01-01 2024-03-31 0000876437 us-gaap:CommonStockMember 2024-12-31 0000876437 us-gaap:CommonStockMember 2023-12-31 0000876437 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0000876437 us-gaap:CommonStockMember 2025-03-31 0000876437 us-gaap:CommonStockMember 2024-03-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0000876437 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000876437 us-gaap:TreasuryStockCommonMember 2024-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2023-12-31 0000876437 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000876437 us-gaap:TreasuryStockCommonMember 2025-03-31 0000876437 us-gaap:TreasuryStockCommonMember 2024-03-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0000876437 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000876437 us-gaap:RetainedEarningsMember 2024-12-31 0000876437 us-gaap:RetainedEarningsMember 2023-12-31 0000876437 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0000876437 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0000876437 us-gaap:RetainedEarningsMember 2025-03-31 0000876437 us-gaap:RetainedEarningsMember 2024-03-31 0000876437 2024-03-31 0000876437 2023-12-31 0000876437 mtg:FivePointTwoFivePercentSeniorNotesMember us-gaap:SeniorNotesMember 2025-03-31 0000876437 mtg:FivePointTwoFivePercentSeniorNotesMember us-gaap:SeniorNotesMember 2024-12-31 0000876437 mtg:FivePointTwoFivePercentSeniorNotesMember us-gaap:SeniorNotesMember 2024-01-01 2024-03-31 0000876437 mtg:FivePointTwoFivePercentSeniorNotesMember us-gaap:SeniorNotesMember 2025-01-01 2025-03-31 0000876437 mtg:QuotaShareReinsuranceTransactionsMember 2025-01-01 2025-03-31 0000876437 mtg:QuotaShareReinsuranceTransactionsMember 2024-01-01 2024-03-31 0000876437 mtg:ExcessOfLossReinsuranceTransactionsMember 2025-01-01 2025-03-31 0000876437 mtg:ExcessOfLossReinsuranceTransactionsMember 2024-01-01 2024-03-31 0000876437 mtg:QuotaShareReinsuranceTransactionsMember 2025-01-01 2025-03-31 0000876437 mtg:QuotaShareReinsuranceT