Third Quarter 2024 Net Income of $200.0 million or $0.77 per Diluted Share

Third Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $200.7 million or $0.77 per Diluted Share

MILWAUKEE, Nov. 4, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2024.

Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We are very pleased with our third quarter financial results, generating net income of $200 million and delivering a 15.6% return on equity."

MILWAUKEE, Oct. 24, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on November 21, 2024, to shareholders of record as of November 7, 2024. 

About MGIC

Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

MILWAUKEE, Oct. 7, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its third quarter 2024 financial results after the market closes on Monday, November 4, 2024.  A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Tuesday, November 5, 2024, to discuss the Company's results for the quarter ended September 30, 2024.

Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to access the call. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast and can be accessed via the Company's Investor website found at http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the Company's website through December 5, 2024.

MILWAUKEE, Aug. 21, 2024 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), comments on the updates by the government sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to the Private Mortgage Insurer Eligibility Requirements (PMIERs) Available Assets Standards.

"We are proud of the critical role private mortgage insurance (MI) plays in the housing finance system. PMIERs operational and risk-based capital requirements provide a strong foundation to serve low down payment borrowers while protecting the GSEs and taxpayers from undue mortgage credit risk and private MIs continue to be strong, well-capitalized counterparties," said Tim Mattke, CEO of MTG. "We appreciate the collaboration with the GSEs and support prudent PMIERs changes," added Mr. Mattke.

MILWAUKEE, July 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from the last quarterly dividend paid of $0.115 per share. This quarter's dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024. 

About MGIC

Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

MILWAUKEE, July 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, August 1, 2024, to discuss the Company's results for the quarter ended June 30, 2024.

Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to access the call. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast and can be accessed via the Company's Investor website found at http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the Company's website through August 30, 2024.

First Quarter 2024 Net Income of $174.1 million or $0.64 per Diluted Share

First Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $178.4 million or $0.65 per Diluted Share

MILWAUKEE, May 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2024.

Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We began the year with a solid quarter generating net income of $174 million, delivering a return on equity of 13.7%, and increasing book value per share by 14.5% year-over-year while returning meaningful capital to our shareholders. We continue to benefit from favorable credit trends and the resiliency of the housing market. We remain confident in our position in the market and ability to execute our business strategies."

MILWAUKEE, April 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced its board of directors has approved an additional share repurchase program with authorization to purchase up to $750 million of its common stock.

The company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) at any time prior to December 31, 2026. The share repurchase program may be suspended or discontinued at any time and does not require the company to acquire any amount of common stock. 

MILWAUKEE, April 2, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2024 financial results after the market closes on Wednesday, May 1, 2024.  A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, May 2, 2024, to discuss the Company's results for the quarter ended March 31, 2024.

Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to access the call. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast and can be accessed via the Company's Investor website found at http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the Company's website through June 3, 2024.

Fourth Quarter 2023 Net Income of $184.5 million or $0.66 per Diluted Share

Fourth Quarter 2023 Adjusted Net Operating Income (Non-GAAP) of $187.6 million or $0.67 per Diluted Share

Full Year 2023 Net Income of $712.9 million or $2.49 per Diluted Share

Full Year 2023 Adjusted Net Operating Income (Non-GAAP) of $724.4 million or $2.53 per Diluted Share

MILWAUKEE, Jan. 31, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2023 and the full year of 2023.

MILWAUKEE, Jan. 23, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.115 per share, payable on March 5, 2024, to shareholders of record as of February 15, 2024.

About MGIC

Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

MILWAUKEE, Jan. 8, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2023 financial results after the market closes on Wednesday, January 31, 2024.  A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, February 1, 2024, to discuss the Company's results for the quarter ended December 31, 2023.

Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to access the call. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast and can be accessed via the Company's Investor website found at http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the Company's website through March 1, 2024.

PHILADELPHIA and MADISON, Wis., Nov. 2, 2023 /PRNewswire/ -- CondoTek and Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), announced the launch of a new All-In-One Condominium Compliance solution available through CondoTek. CondoTek's Condo Project Warrant (CPW) will now simultaneously validate condominium projects for MGIC underwriting compliance while still delivering validation for agency policies and guidelines. CPW Users will now quickly and effectively understand if a condominium project qualifies for Fannie Mae and or Freddie Mac financing and MGIC's private mortgage insurance products. As a value-add, the MGIC Compliance validation is delivered at no additional cost to CondoTek's CPW.

Third Quarter 2023 Net Income of $182.8 million or $0.64 per Diluted Share

Third Quarter 2023 Adjusted Net Operating Income (Non-GAAP) of $183.0 million or $0.64 per Diluted Share

MILWAUKEE, Oct. 31, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2023. Net income for the quarter was $182.8 million, or $0.64 per diluted share, compared with net income of $249.6 million, or $0.81 per diluted share, for the third quarter of 2022. 

MILWAUKEE, Oct. 26, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced Michael (Mike) Thompson has been elected to the Board of Directors for MGIC Investment Corporation and its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC). Mr. Thompson will be a member of each Board's Risk Management Committee.

"We are pleased to welcome Mike to the Board," said Curt Culver, the Chairman of MTG. "His business acumen, entrepreneurship, and leadership coupled with in-depth operations knowledge and experience make him a natural fit and we look forward to his contributions."

MILWAUKEE, Oct. 26, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its board of directors declared a quarterly cash dividend of $0.115 per share, payable on November 28, 2023, to shareholders of record as of November 9, 2023. 

About MGIC

Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

MILWAUKEE, Oct. 5, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its third quarter 2023 financial results after the market closes on Tuesday, October 31, 2023.  A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Wednesday, November 1, 2023, to discuss the Company's results for the quarter ended September 30, 2023.

Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to access the call. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast and can be accessed via the Company's Investor website found at http://mtg.mgic.com under Newsroom. A replay of the webcast will be available on the Company's website through December 4, 2023.

MILWAUKEE, Aug. 28, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today announced that it has exercised its option to redeem all of its outstanding 9.00% Convertible Junior Subordinated Debentures due 2063 (the "Debentures"). The redemption date is September 20, 2023, and the redemption price is equal to the principal amount of the Debentures being redeemed plus any accrued and unpaid interest. 

The Debentures are convertible into shares of MGIC common stock at a rate of 77.9620 shares per $1,000 principal amount.  Under the terms of the Debentures, MGIC may pay cash in lieu of issuing shares.  As of the date hereof, there was approximately $21.1 million aggregate principal amount of the Debentures outstanding.

Second Quarter 2023 Net Income of $191.1 million or $0.66 per Diluted Share

Second Quarter 2023 Adjusted Net Operating Income (Non-GAAP) of $196.0 million or $0.68 per Diluted Share

MILWAUKEE, Aug. 2, 2023 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2023. Net income for the quarter was $191.1 million, or $0.66 per diluted share, compared with net income of $249.3 million, or $0.80 per diluted share, for the second quarter of 2022.