MGIC Investment Corporation: Will Their Capital Management Strategy Pay Off?

The recent results from MGIC Investment Corporation for the fourth quarter of 2024 highlight both strengths and potential challenges within the company. With a net income of $185 million for Q4 and a 14% annualized return on equity, MGIC showcases financial stability. In contrast, for the full year, net income stood at $763 million, a moderate increase from $730 million in the prior year. Constant growth within their insurance in force is evident, reaching over $295 billion, although only slightly up from the previous quarter, indicating steady but unspectacular growth.