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MGIC Investment Corporation (NYSE:MTG) Q4 2024 Earnings Call Transcript

The article provides a transcript of the Q4 2024 earnings call for MGIC Investment Corporation (NYSE: MTG). During the call, CEO Tim Mattke and other executives discussed the company's financial performance for the quarter, highlighting a net income of $187.6 million, or $0.68 per diluted share, which was a significant improvement over the previous year's $172.3 million, or $0.61 per share. Key points included a decrease in new delinquency notices, an increase in insurance in force, and a strong persistency rate. The company also noted a favorable housing market environment with low unemployment and stable home prices, which contributed to lower claim payments. Additionally, MGIC discussed their capital management strategies, including share repurchases and dividend increases, and provided guidance on future expectations for insurance in force, premiums, and loss ratios. The call also touched on regulatory updates and the company's approach to risk management in light of economic conditions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/investment/mgic-investment-corporation-nyse-mtg-q4-2024-earnings-call-transcript/ar-AA1ystYU ]