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MGIC Investment (MTG)
NYSE:MTG
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.74Last Year’s EPS
0.77Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 8.51%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
MGIC's first quarter results were marked by strong financial performance and significant capital returns to shareholders, but growth in insurance in force remains constrained by market conditions. Economic uncertainties and housing affordability challenges were noted, but the company's financial health and strategic initiatives reflect resilience.Company Guidance
During the first quarter of 2025, MGIC Investment Corporation provided substantial guidance on their financial performance and capital management strategies. They reported a net income of $186 million, reflecting a robust annualized return on equity of 14.3%. MGIC wrote $10 billion of new insurance, maintaining an insurance in force of $294 billion with an annual persistency rate of 85%. Throughout the quarter, the company repurchased 9.2 million shares totaling $224 million and distributed $33 million in common stock dividends, resulting in a combined payout of 107% of the net income over the prior four quarters. The holding company ended the quarter with $824 million in liquidity. Furthermore, MGIC announced an additional $750 million share repurchase program and a quarterly dividend of $0.13 per share. The company emphasized its disciplined approach to capital management, focusing on maintaining financial strength and flexibility, while acknowledging the potential impact of macroeconomic conditions. Overall, MGIC remains confident in its market leadership and its ability to sustain solid performance amid evolving economic landscapes.Strong Financial Performance
MGIC reported a net income of $186 million for the first quarter, with an annualized return on equity of 14.3%.
Capital Return to Shareholders
MGIC returned $224 million to shareholders through share repurchases in the first quarter and paid a quarterly common stock dividend of $33 million.
Favorable Loss Reserve Development
The reestimation of ultimate losses on prior delinquencies resulted in $50 million of favorable loss reserve development in the quarter.
Stable Insurance in Force
Insurance in force ended the quarter at $294 billion with an annual persistency rate of 85%.
Strong Liquidity Position
The holding company ended the quarter with $824 million in liquidity.
New Share Repurchase Program
The Board approved an additional $750 million share repurchase program and a $0.13 per share common stock dividend payable on May 21.
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MTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $24.79 | $25.18 | +1.57% |
Feb 03, 2025 | $24.88 | $25.33 | +1.81% |
Nov 04, 2024 | $23.16 | $23.48 | +1.38% |
Jul 31, 2024 | $24.32 | $24.00 | -1.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MGIC Investment (MTG) report earnings?
MGIC Investment (MTG) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is MGIC Investment (MTG) earnings time?
MGIC Investment (MTG) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTG EPS forecast?
MTG EPS forecast for the fiscal quarter 2025 (Q2) is 0.74.
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