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AI brief of an SEC Form 8-K · MGIC Investment (MTG)

MGIC Q4 2024 net income rises to $184.7 million, or $0.72 per diluted share

Positive Impact 3 of 5 earnings Written later

MGIC Investment Corporation reported fourth-quarter 2024 net income of $184.7 million, or $0.72 per diluted share, compared with $184.5 million, or $0.66 per share, a year earlier. Full-year 2024 net income was $763.0 million, or $2.89 per diluted share, up from $2.49 in 2023, though fourth-quarter results were below the third quarter's $200.0 million, or $0.77 per share. The company also repurchased $193.3 million of its stock in the quarter and declared a $0.13 quarterly dividend.

Key points

  • Q4 2024 net income of $184.7 million, or $0.72 per diluted share, versus $0.66 in Q4 2023 and $0.77 in Q3 2024
  • Full-year 2024 net income of $763.0 million, or $2.89 per diluted share, versus $2.49 in 2023
  • Q4 net premiums earned of $241.3 million versus $226.4 million a year earlier; new insurance written of $15.9 billion versus $10.9 billion
  • Repurchased 7.8 million shares for $193.3 million in Q4 2024; repurchased 3.5 million more shares for $85.5 million in January 2025

The filing

CompanyMGIC Investment (MTG)
Form8-K, current report
Filed with the SECFeb 3, 2025, 4:05 PM ET
Accession number0000876437-25-000004

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 03, 2025.

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.