MGIC Investment Corporation (NYSE:MTG) Q4 2023 Earnings Conference Call February 1, 2024 10:00 AM ET

Company Participants

Dianna Higgins - Head, Investor Relations

Tim Mattke - Chief Executive Officer

Nathan Colson - Chief Financial Officer

Conference Call Participants

Bose George - KBW

Terry Ma - Barclays

Geoffrey Dunn - Dowling & Partners

Eric Hagen - BTIG

Mihir Bhatia - Bank of America

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the MGIC Investment Corporation Fourth Quarter 2023 Earnings Call. [Operator Instructions] I will now turn the conference over to Dianna Higgins, Head of Investor Relations. Please go ahead.

Dianna Higgins

Good morning. Welcome, everyone. Thank you for joining us today and for your interest in MGIC. Joining me on the call to discuss our results for the fourth quarter are Tim Mattke, Chief Executive Officer and Nathan Colson, Chief Financial Officer. Our press release, which contains MGIC’s fourth quarter financial results was issued yesterday and is available on our website at mtg.mgic.com under Newsroom, includes additional information about our quarterly results that we will refer to during the call today. It also includes a reconciliation of non-GAAP financial measures to their most comparable GAAP measures.

In addition, we posted on our website a quarterly supplement that contains information pertaining to our primary risk in force and other information you may find valuable. As a reminder, from time-to-time, we may post information about our underwriting guidelines and other presentations or corrections to past presentations on our website.

Before getting started today, I want to remind everybody that during the course of this call, we may make comments about our expectations of the future. Actual results could differ materially from those contained in these forward-looking statements. Additional information about the factors that could cause actual results to differ materially from those discussed on the call are contained in our 8-K that was also filed yesterday. If we make any forward-looking statements, we are not undertaking an obligation to update those statements in the future in light of subsequent developments. No one should rely on the fact that such guidance or forward-looking statements are current at any time other than the time of this call or the issuance of our 8-K.

So with that, let’s get started. I now have the pleasure to turn the call over to Tim.

Tim Mattke

Thanks, Dianna and good morning, everyone. I am happy to report we again delivered a solid quarter, capping another year of excellent financial results while returning meaningful capital to our shareholders. Our performance is a testament to the dedication and hard work of each member of our team. Their ability to adapt to market dynamics has been instrumental in our success. During the year, we continued to benefit from favorable credit trends, prudent risk management strategies, the disciplined approach to the market and a focus on through-the-cycle performance. We remain committed to delivering long-term value for our shareholders as we begin the new year.