Every material Form 8-K MGIC Investment filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
MGIC Investment Corporation reported third quarter 2024 net income of $200.0 million, or $0.77 per diluted share, up from $0.64 a year earlier and equal to the prior quarter's $0.77. The company also said it agreed on terms for a 40% quota share reinsurance transaction covering most of its 2025 and 2026 new insurance written, and it will terminate its 2021 quota share transaction effective December 31, 2024, with expected termination fees of about $8 million.
Q3 2024 net income was $200.0 million, or $0.77 per diluted share, versus $0.64 in Q3 2023 and $204.2 million, or $0.77 per share, in Q2 2024.
Net premiums earned were $243.3 million, compared with $241.3 million in Q3 2023. Annualized return on equity was 15.6%, versus 15.1% a year earlier.
Agreed on terms for a 40% quota share reinsurance transaction with unaffiliated reinsurers covering most 2025 and 2026 new insurance written.
Repurchased 5.2 million shares for $122.9 million in Q3 2024 and declared a $0.13 per share dividend payable November 21, 2024.
MGIC Investment Corp reported second-quarter 2024 net income of $204.2 million, or $0.77 per diluted share, up from $191.1 million, or $0.66 per share, in the same quarter of 2023. Total revenues rose to $305.3 million from $290.7 million, and new insurance written was $13.5 billion versus $12.4 billion a year earlier. The company also repurchased $157.0 million of its stock in the quarter and has an additional $750 million buyback authorization that runs through December 31, 2026.
Net income was $204.2 million, or $0.77 per diluted share, compared with $191.1 million, or $0.66 per share, in Q2 2023 and $174.1 million, or $0.64 per share, in Q1 2024.
Adjusted net operating income was $204.9 million, or $0.77 per diluted share, compared with $0.68 per share in Q2 2023.
Total revenues were $305.3 million, compared with $290.7 million in Q2 2023; net premiums earned were $243.5 million.
The company repurchased 7.6 million shares for $157.0 million in Q2 2024 and declared a $0.13 per share dividend payable August 22, 2024.
MGIC Investment Corporation reported first quarter 2024 net income of $174.1 million, or $0.64 per diluted share, up from $154.5 million, or $0.53 per diluted share, a year earlier. The company also said its board approved a new $750 million share repurchase program in April 2024, which signals continued capital returns to shareholders.
Q1 2024 net income was $174.1 million, or $0.64 per diluted share, compared with $154.5 million, or $0.53, in Q1 2023.
Adjusted net operating income was $178.4 million, or $0.65 per diluted share, a non-GAAP measure.
The company repurchased 4.7 million shares for $93.3 million in Q1 2024 and an additional 2.7 million shares for $54.8 million in April.
The board approved a share repurchase program of up to $750 million that runs through December 31, 2026.
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.
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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every MGIC Investment filing is on SEC EDGAR ↗. 8-K briefs of other companies →