MGIC Investment Corp MTG Income Statement

Mgic investment corp (MTG)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Direct
274,724	281,051	286,059	283,189	273,897	278,343	280,229	274,726	270,034	292,790	287,918	275,245	265,823	276,901	283,618	282,113	265,291	273,871	273,803	261,404	265,412	259,464	255,041	241,249	244,189	245,628	247,254	247,481	254,547	267,455	271,360	246,939	263,795	273,384	274,610	283,471	287,717	285,159	294,478	314,310	275,134	301,747	359,781
Assumed
2,859	2,041	1,793	1,505	1,107	1,114	-3,020	2,085	92	23	-91	685	1,288	511	152	182	208	247	285	308	338	372	400	430	451	483	509	531	551	573	597	614	641	671	-6,999	700	730	750	764	779	797	826	844
Ceded
31,576	29,077	28,438	41,096	30,723	31,420	25,326	21,375	33,220	33,290	31,931	30,096	30,409	33,941	33,446	32,280	34,218	33,057	-43,897	34,937	31,294	32,184	32,536	28,294	26,620	42,030	13,485	11,390	6,598	7,292	8,452	8,948	9,450	10,282	11,866	13,772	13,984	14,500	16,260	19,743	19,873	24,319	30,242
Net premiums written
246,007	254,015	259,414	243,598	244,281	248,037	251,883	255,436	236,906	259,523	255,896	245,834	236,702	243,471	250,324	250,015	231,281	241,061	317,985	226,775	234,456	227,652	222,905	213,385	218,020	204,081	234,278	236,622	248,500	260,736	263,505	238,605	254,986	263,773	255,745	270,399	274,463	271,409	278,982	295,346	256,058	278,254	330,383
Decrease in unearned premiums, net
14,894	12,253	8,443	3,504	5,480	-2,372	-1,457	-8,472	-4,799	-22,098	-18,813	-14,698	-7,599	-8,418	-12,948	-18,559	-9,940	-14,869	-78,751	-13,267	-17,168	-14,063	-13,870	-5,899	-3,759	22,277	-2,421	1,155	-1,441	969	2,927	4,023	7,419	-11,968	-19,349	-14,055	-14,083	-19,716	-17,514	-13,828	-15,894	-15,261	16,749
Net premiums earned
260,901	266,268	267,857	247,102	249,761	245,665	250,426	246,964	232,107	237,425	237,083	231,136	229,103	235,053	237,376	231,456	221,341	226,192	239,234	213,508	217,288	213,589	209,035	207,486	214,261	226,358	231,857	237,777	247,059	261,705	266,432	242,628	262,405	275,741	275,094	284,454	288,546	291,125	296,496	309,174	271,952	293,515	347,132
Investment income, net of expenses
41,347	41,322	42,715	42,423	40,585	38,328	36,380	34,502	32,121	31,276	30,402	29,716	29,477	28,094	27,515	27,248	27,809	27,926	25,939	25,756	24,120	23,956	22,355	21,180	20,156	21,278	20,250	20,883	18,328	21,660	30,394	32,178	37,408	40,339	48,898	55,490	56,543	57,061	58,465	62,868	68,859	75,528	78,036
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	144	0	0	0	0	328	0	0	1,971	0	339	0	462	253	0	0	15,696	0	0	-6,052	0	9,401
Portion of losses recognized in other comprehensive income (loss), before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	144	0	0	0	0	328	0	0	1,971	0	339	0	462	253	0	0	-	0	0	-	-	-
Other realized investment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640	166	26,327	578	632	522	-231	2,126	189	2,485	1,259	87,363	6,184	26,611	77,561	104,530	11,405	21,734	5,761	13,401	24,524	31,702	32,954	33,483	23,920
Gain (Loss) on Investments
1,891	1,320	4,205	307	-526	-241	1,114	-1,897	-329	458	-50	-52	-125	-63	5,092	836	3,056	1,228	640	166	26,327	434	632	522	-231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenue
2,754	2,717	3,606	2,485	1,830	1,881	2,525	2,431	1,871	2,343	2,925	2,512	2,425	3,436	3,867	3,994	6,373	3,087	3,698	3,699	2,480	3,222	3,093	2,048	896	2,179	2,481	2,715	2,539	2,615	3,209	20,012	2,309	26,842	2,025	5,329	2,263	3,080	2,840	2,611	3,057	10,811	14,795
Total revenues
306,893	311,627	318,383	292,317	291,650	285,633	290,445	282,000	265,770	271,502	270,360	263,312	260,880	266,520	273,850	263,534	258,579	258,433	269,511	243,129	270,215	241,201	235,115	231,236	235,082	251,941	254,449	263,860	269,185	371,372	306,219	321,090	379,683	446,990	337,169	367,007	353,113	361,075	382,325	406,355	370,770	413,337	-454,482
Losses and expenses:
Policyholder Benefits and Claims Incurred, Net, Property, Casualty and Liability
60,956	23,691	33,985	21,836	39,063	27,685	-1,518	-13,455	23,850	-30,996	29,747	27,339	27,619	47,658	60,897	46,590	85,012	95,066	76,458	90,238	81,785	117,074	115,254	141,141	122,608	196,055	180,189	196,274	266,208	688,636	490,121	551,408	337,088	482,070	462,654	459,552	310,431	448,375	384,578	320,077	454,511	971,043	769,631
Change in premium deficiency reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47,502	0	17,333	6,418	-44,460	6,744	7,833	5,173	8,574	3,813	11,283	1,650	10,351	9,144	27,358	14,183	11,709	12,388	11,035	9,018	45,407	8,887	10,619	-13,566	-19,346	-62,386
Amortization of deferred policy acquisition costs
2,510	3,621	3,142	2,760	2,478	3,359	3,156	2,845	2,572	3,312	2,985	2,584	2,230	2,865	2,575	2,245	1,961	2,618	2,368	2,046	1,757	2,427	2,096	1,676	1,419	4,780	2,209	1,955	1,697	1,908	1,939	1,935	1,670	1,670	1,762	1,723	1,725	1,819	1,750	1,770	1,723	2,013	1,888
Other underwriting and operating expenses, net
42,262	48,671	45,197	42,960	45,940	46,624	43,655	41,842	46,090	40,474	39,888	38,511	40,765	37,768	37,870	35,348	39,777	34,405	46,075	35,829	39,268	33,340	34,882	32,238	37,981	42,194	45,761	45,607	48,315	49,608	48,739	46,975	48,673	49,010	50,715	52,320	55,825	51,722	55,856	52,280	58,222	57,120	59,833
Reinsurance fee (note 11)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Interest expense
12,926	12,934	12,939	13,550	13,233	13,256	13,258	13,246	13,233	13,256	13,273	14,197	16,309	16,191	13,536	12,244	14,701	16,835	17,362	17,373	17,362	17,374	17,361	17,374	17,539	17,662	17,653	17,942	26,406	25,327	24,478	24,912	24,627	25,142	25,761	26,326	26,042	25,770	26,702	25,099	21,018	20,586	23,930
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	0	-65	-	0	-75,223	-1,868	-13,440	-507	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total losses and expenses
118,654	88,917	95,263	81,106	100,714	90,924	58,551	44,478	85,745	26,046	85,893	82,696	86,923	104,482	190,101	98,295	154,891	149,431	142,263	128,153	133,754	166,092	162,849	184,596	174,374	252,117	241,999	250,495	340,976	755,128	556,133	597,872	397,875	546,183	528,504	528,886	385,005	509,411	459,999	388,607	521,908	1,031,416	-792,896
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
188,239	222,710	223,120	211,211	190,936	194,709	231,894	237,522	180,025	245,456	184,467	180,616	173,957	162,038	83,749	165,239	103,688	109,002	127,248	114,976	136,461	75,109	72,266	46,640	60,708	-176	12,450	13,365	-71,791	-383,756	-249,914	-276,782	-18,192	-99,193	-191,335	-161,879	-31,892	-148,336	-77,674	17,748	-151,138	-618,079	-338,414
Income Tax Expense (Benefit)
38,434	45,600	46,186	43,433	38,995	36,963	49,994	50,708	36,388	218,142	64,440	61,994	84,159	54,551	27,131	56,018	34,497	6,584	-695,604	1,322	3,385	681	249	1,118	726	1,231	336	990	1,139	2,935	-2,972	-2,891	1,363	36,101	-26,130	-10,147	1,769	38,331	-26,146	-6,803	-1,047	-100,311	1,421
Net Income (Loss) Attributable to Parent
149,805	177,110	176,934	167,778	151,941	157,746	181,900	186,814	143,637	27,314	120,027	118,622	89,798	107,487	56,618	109,221	69,191	102,418	822,852	113,654	133,076	74,428	72,017	45,522	59,982	-1,407	12,114	12,375	-72,930	-386,691	-246,942	-273,891	-19,555	-135,294	-165,205	-151,732	-33,661	-186,667	-51,528	24,551	-150,091	-517,768	-339,835
Earnings Per Share [Abstract]
Earnings Per Share, Basic
0.44	0.51	0.50	0.47	0.43	0.43	0.50	0.51	0.39	0.08	0.32	0.32	0.26	0.32	0.16	0.32	0.20	0.31	2.42	0.33	0.39	0.22	0.21	0.13	0.18	0.07	0.04	0.04	-0.31	-1.91	-1.22	-1.36	-0.10	-0.68	-0.82	-0.75	-0.17	-0.74	-0.26	0.14	-1.20	-4.17	-2.74
Earnings Per Share, Diluted
0.42	0.48	0.49	0.46	0.42	0.42	0.49	0.49	0.38	0.08	0.32	0.31	0.24	0.29	0.14	0.26	0.17	0.22	1.78	0.28	0.32	0.19	0.18	0.12	0.15	0.07	0.04	0.04	-0.31	-1.91	-1.22	-1.36	-0.10	-0.68	-0.82	-0.75	-0.17	-0.73	-0.26	0.13	-1.20	-4.17	-2.74
Weighted Average Number of Shares Outstanding, Basic
344,053	348,446	351,475	355,734	355,653	359,958	362,180	368,578	370,908	371,007	370,586	366,918	341,009	341,362	349,376	340,678	340,144	339,695	339,701	339,705	339,107	338,627	338,626	338,626	338,213	338,932	337,868	337,868	232,348	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
365,216	369,851	372,575	376,603	376,667	380,964	382,905	388,881	391,562	391,332	391,087	394,470	402,175	444,414	406,050	446,139	431,365	496,780	468,128	439,127	468,121	413,851	413,576	413,481	413,180	335,901	339,426	339,341	232,348	202,013	202,014	202,013	201,528	201,126	201,109	201,097	200,744	323,266	200,077	182,156	124	124,296	124