MGIC Q4 2023 EPS rises to $0.66 from $0.64; full-year net income falls to $712.9 million
MGIC Investment Corporation reported fourth-quarter 2023 net income of $184.5 million, or $0.66 per diluted share, up from $0.64 a year earlier, though dollar net income fell from $191.4 million. For the full year, net income was $712.9 million, or $2.49 per diluted share, down from $865.3 million, or $2.79, in 2022. Shareholders get a mixed picture: per-share profit rose in the quarter, while annual profit and total revenues declined.
Key points
- Q4 2023 net income $184.5 million or $0.66 per diluted share, versus $191.4 million or $0.64 in Q4 2022
- Full-year 2023 net income $712.9 million or $2.49 per diluted share, versus $865.3 million or $2.79 in 2022
- Q4 2023 total revenues $284.0 million, versus $292.3 million in Q4 2022
- Repurchased 7.0 million shares in Q4 2023 at an average cost of $17.57; declared a $0.115 dividend payable March 5, 2024
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.