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MGIC Investment (MTG)
NYSE:MTG
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.69Last Year’s EPS
0.65Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: -4.16%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
MGIC delivered a strong financial performance with significant net income growth and increased new insurance written, while managing expenses effectively. However, challenges such as a slightly higher delinquency rate and increased debt-to-income ratios reflect some underlying market pressures.Company Guidance
During the Q4 2024 MGIC Investment Corporation Earnings Conference Call, several key financial metrics and guidance for future operations were discussed. MGIC reported a net income of $185 million for the quarter, translating to an annualized return on equity of 14%. For the full year, the company earned $763 million compared to $730 million in the previous year. Insurance in force reached over $295 billion, with new insurance written amounting to $16 billion in the fourth quarter and $56 billion for the full year, marking a 21% increase from the prior year. The company's persistency rate remained stable at 85%, and the average FICO score of the insurance portfolio was 747 at origination. Additionally, MGIC returned approximately $700 million to shareholders through stock repurchases and dividends, representing a 92% payout ratio of the year's net income. Looking ahead, MGIC expects operating expenses to decrease in 2025 to a range of $195 million to $205 million, down from $218 million in 2024. The company also highlighted its ongoing commitment to capital management, emphasizing the use of reinsurance to maintain financial strength and flexibility.Strong Financial Performance
MGIC reported a net income of $185 million for Q4 2024 and $763 million for the full year, up from $730 million the previous year. The annualized return on equity was 14%.
Increased New Insurance Written
MGIC wrote $16 billion in new insurance in Q4 and $56 billion for the full year, marking a 21% increase from the prior year.
High Dividend Payout
MGIC returned $700 million to shareholders through dividends and share repurchases, representing a 92% payout ratio of the year's net income.
Operating Expense Reduction
Operating expenses decreased to $49 million in Q4 from $55 million the previous year, with full-year expenses down by $19 million to $218 million.
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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 |
|---|---|---|---|
| Feb 03, 2025 | $25.01 | $25.46 | +1.80% |
| Nov 04, 2024 | $23.27 | $23.60 | +1.42% |
| Jul 31, 2024 | $24.44 | $24.12 | -1.31% |
| May 01, 2024 | $20.11 | $20.07 | -0.20% |
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 Apr 30, 2025, TBA Not Confirmed.
What is MGIC Investment (MTG) earnings time?
MGIC Investment (MTG) earnings time is at Apr 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 (Q1) is 0.69.
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