MGIC Investment Corp 2024年度报告

☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31, 2024☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______ to ______Commission file number1-10816 (Exact name of registrant as specified in its charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files). Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large acceleratedfiler☐Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of theeffectiveness of its internal control over financial reporting under section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☐ If the securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements the required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES☐NO☐MGIC Investment Corporation 2024 Form 10-K | 1 State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to theprice at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last businessday of the registrant's most recently completed second fiscal quarter. : Approximately $5.6 billion* * Solely for purposes of computing such value and without thereby admitting that such persons are affiliates of the Registrant,shares held by directors and executive officers of the Registrant are deemed to be held by affiliates of the Registrant. Shares heldare those shares beneficially owned for purposes of Rule 13d-3 under the Securities Exchange Act of 1934 but excluding sharessubject to stock options. Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As ofFebruary 21, 2025, there were 242,706,658 shares of common stock of the registrant, par value $1.00 per share, outstanding. The following documents have been incorporated by reference in this Form 10-K, as indicated: Part and Item Number of Form 10-K Into Which Incorporated* Proxy Statement for the 2025 Annual Meeting of Shareholders,provided such Proxy Statement is filed within 120 days afterDecember 31, 2024. If not so filed, the information provided inItems 10 through 14 of Part III will be included in an amendedForm 10-K filed within such 120 day period. Items 10 through 14 of Part III * In each case, to the extent provided in the Items listed. Table of Contents PART I Glossary of terms and acronyms / AARMsAdjustable rate mortgages ABSAsset-backed securities Annual Persistency The percentage of our insurance remaining in force from one year prior. As of September 30, 2023, we refined ourmethodology for calculating our Annual Persistency by excluding the amortization of the principal balance. All priorperiods have been revised ASCAccounting Standards Codification Available Assets