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    Neha Tahita

    Vice President and Equity Research Analyst at Bank of America

    Neha Tahita is a Vice President and Equity Research Analyst at Bank of America, focusing on the U.S. utilities and energy infrastructure sectors. She covers major companies including NextEra Energy, Duke Energy, Dominion Energy, and Southern Company, and is recognized for her thorough evaluation of regulatory developments and decarbonization strategies in the sector. Since joining Bank of America in 2021 after prior research experience at Goldman Sachs, Neha has established a reputation within the utility research space, with her investment recommendations reflected in top quartile rankings for forecast accuracy on industry platforms. She holds FINRA Series 7 and Series 63 licenses and is known for her analytical rigor and commitment to comprehensive sector coverage.

    Neha Tahita's questions to MGIC INVESTMENT (MTG) leadership

    Neha Tahita's questions to MGIC INVESTMENT (MTG) leadership • Q3 2024

    Question

    An analyst from Bank of America inquired about the stabilization of the premium rate, the competitive landscape, expectations for persistency amid rate changes, and the expense outlook for the remainder of the year.

    Answer

    CEO Tim Mattke noted the premium rate is stable due to a balance of new business pricing and portfolio runoff in a competitive market. CFO Nathan Colson stated that persistency has likely peaked and expects only modest declines, as much of the portfolio has low note rates. He also reaffirmed the full-year expense guidance of $215-$225 million and projected lower expenses for 2025.

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