MGIC INVESTMENT CORP

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

MTG$28.50-0.3%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
	Three Months Ended March 31,
(In thousands, except per share data)	Note	2025	2024
Revenues:
Premiums written:
Direct		$276,471	$275,203
Assumed		3,538	3,416
Ceded	4	(44,663)	(44,819)
Net premiums written		235,346	233,800
Decrease in unearned premiums, net		8,373	8,844
Net premiums earned		243,719	242,644
Investment income, net of expenses		61,443	59,744
Net gains (losses) on investments and other financial instruments	7/8	741	(8,509)
Other revenue		331	482
Total revenues		306,234	294,361
Losses and expenses:
Losses incurred, net	11	9,591	4,555
Amortization of deferred insurance policy acquisition costs		1,657	2,009
Other underwriting and operating expenses, net	15	51,406	59,018
Interest expense		8,899	8,899
Total losses and expenses		71,553	74,481
Income before tax		234,681	219,880
Provision for income tax		49,221	45,783
Net income		$185,460	$174,097
Earnings per share:
Basic	6	$0.76	$0.64
Diluted	6	$0.75	$0.64
Weighted average common shares outstanding - basic	6	244,147	270,314
Weighted average common shares outstanding - diluted	6	246,490	273,108

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