Scott Heleniak's questions to MGIC Investment Corp (MTG) leadership • Q4 2024
Question
Scott Heleniak inquired about the drivers of significant NIW growth in Q4 and asked if the lower fourth-quarter expense ratio included any one-time benefits.
Answer
CEO Timothy Mattke attributed some of the Q4 NIW strength to a modest increase in refinance volume originating from a brief rate dip in Q3. CFO Nathaniel Colson confirmed there were no significant one-time items in Q4 expenses, stating the result reflects the cumulative impact of efficiency efforts and is indicative of the run-rate expected in the 2025 guidance.