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Mgic Investment Corp (MTG)

Mgic Investment Corp (MTG)
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Financial Summary for [[ item.sessionDateDisplayLong ]]
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

(Values in U.S. Thousands) Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023 Mar, 2023
Sales 294,360 283,960 296,510 290,680 283,970
Sales Growth +3.66% -4.23% +2.01% +2.36% -2.83%
Net Income 174,100 184,500 182,840 191,050 154,550
Net Income Growth -5.64% +0.91% -4.30% +23.62% -19.27%
(Values in U.S. Thousands) Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023 Mar, 2023
Total Assets 6,535,250 6,538,380 6,331,680 6,353,450 6,352,290
Total Assets Growth -0.05% +3.26% -0.34% +0.02% +2.23%
Total Liabilities 1,432,900 1,466,360 1,476,970 1,509,190 1,574,640
Total Liabilities Growth -2.28% -0.72% -2.13% -4.16% +0.23%
(Values in U.S. Thousands) Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023 Mar, 2023
Operating Cash Flow 190,540 712,960 526,720 356,950 212,290
Operating Cash Flow Growth -73.27% +35.36% +47.56% +68.14% -67.34%
Net Cash Flow 68,920 37,730 -57,790 -16,190 33,660
Change in Net Cash Flow +82.67% +165.29% -256.95% -148.10% +20.39%
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