Debt

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Debt

Debt

Debt obligations

The aggregate carrying value of our 5.25% Senior Notes (“5.25% Notes”) and the par value as of March 31, 2025 and December 31, 2024 is presented in table 3.1 below.

Long-term debt obligation, carrying value
Table	3.1
(In thousands)		March 31, 2025		December 31, 2024
5.25% Notes, due August 2028 (par value: $650 million)		$	645,035	$	644,667

The 5.25% Notes are an obligation of our holding company, MGIC Investment Corporation.

See Note 7 - “Debt” in our Annual Report on Form 10-K for the year ended December 31, 2024 for additional information pertaining to our debt obligation. As of March 31, 2025, we are in compliance with our debt covenants.

Interest payments

Interest payments were $17.1 million for the three months ended March 31, 2025 and 2024.