MGIC Investment Corporation announced its first-quarter 2025 financial results, reporting a net income of $185.5 million, an increase from $174.1 million in the first quarter of 2024. Diluted net income per share rose to $0.75, up from $0.64 in the prior year period. This performance demonstrates continued profitability and effective financial management.
The company's new insurance written (NIW) reached $10.2 billion for the quarter, an increase from $9.1 billion in the first quarter of 2024. Net premiums earned were $243.7 million, compared to $242.6 million in the same period last year. These figures indicate sustained business generation and stable revenue streams despite an increase in losses incurred to $9.6 million from $4.6 million.
MGIC's capital position remained robust, with PMIERs excess assets increasing to $2.6 billion as of March 31, 2025, from $2.5 billion a year prior. Holding company liquidity also improved to $824 million, up from $793 million. The annualized return on equity stood at 14.3%, reinforcing the company's ability to generate value for shareholders while maintaining financial strength.
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