(Values in U.S. Thousands) | Jun, 2024 | Mar, 2024 | Dec, 2023 | Sep, 2023 | Jun, 2023 |
Sales | 305,280 | 294,360 | 283,960 | 296,510 | 290,680 |
Sales Growth | +3.71% | +3.66% | -4.23% | +2.01% | +2.36% |
Net Income | 204,230 | 174,100 | 184,500 | 182,840 | 191,050 |
Net Income Growth | +17.31% | -5.64% | +0.91% | -4.30% | +23.62% |
Mgic Investment Corp (MTG)
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MGIC Investment Corp. is the parent company of Mortgage Guaranty Insurance Corporation, a private mortgage insurer. It established the private mortgage insurance industry to provide a private market alternative to federal government insurance programs for families wanting to buy a home. With a focus on sustainable home ownership, MGIC Investment provides a critical component of the country's residential mortgage finance system by protecting mortgage investors from credit losses. MGIC Investment Corporation primarily covers single-family, first-time mortgage loans by providing primary insurance to cushion lenders against non-payment of individual loans and expands home ownership opportunities by enabling people to purchase homes with smaller down payments. Through its wholly-owned subsidiaries, the company provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The company offers mortgage insurance via Primary Insurance and Other Insurance.
Fiscal Year End Date: 12/31