MGIC Investment Corp Reports Strong Q1 2025 Earnings

MGIC Investment Corp ( (MTG) ) has released its Q1 earnings. Here is a breakdown of the information MGIC Investment Corp presented to its investors.

MGIC Investment Corporation, a prominent player in the mortgage insurance industry, provides mortgage insurance to lenders and government-sponsored entities across the United States, safeguarding against losses from defaults on low down payment residential mortgage loans. In its latest earnings report for the first quarter of 2025, MGIC Investment Corporation demonstrated a solid financial performance with a notable increase in net income and comprehensive income compared to the previous year. The company reported a net income of $185.46 million, up from $174.1 million in the same quarter of 2024, and comprehensive income rose to $237.18 million from $164.24 million. Key financial metrics highlighted in the report include net premiums earned of $243.72 million, a slight increase from $242.64 million in the previous year, and investment income of $61.44 million, reflecting a positive trend in earnings. The company’s strategic reinsurance agreements, both quota share and excess-of-loss, continue to play a significant role in its financial stability, with substantial reinsurance recoverables and profit commissions contributing to the overall performance. Looking ahead, MGIC Investment Corporation remains well-positioned to maintain its compliance with the Private Mortgage Insurer Eligibility Requirements and continue its role as a key insurer for loans purchased by government-sponsored entities, indicating a stable outlook for the coming quarters.