MGIC Investment Corporation Reports Third Quarter 2026 Results

(NYSE: MTG) MGIC Investment Corporation reported third quarter 2026 net income of $175.0 million, or $0.85 per diluted share. Adjusted net operating income for the quarter was $174.7 million, also $0.85 per diluted share. Net premiums earned in Q3 2026 were $238.5 million, compared to $238.1 million in Q2 2026 and $241.8 million in Q3 2025. New insurance written (NIW) for the quarter totaled $17.1 billion, up from $16.5 billion in Q3 2025 but down from $17.8 billion in Q2 2026. Insurance in force at September 30, 2026, was $307.3 billion. The annual persistency rate was 82.5% for Q3 2026. Losses incurred, net, were $23.9 million, with a primary IIF delinquency rate of 2.52%. The loss ratio for the quarter was 10.0%, and the underwriting expense ratio was 19.1%. Book value per common share outstanding was $24.06, and tangible book value per share was $25.68. As of September 30, 2026, PMIERs available assets were $5.8 billion, with PMIERs excess at $2.8 billion. The company repurchased 5.1 million shares of common stock for $152.5 million in Q3 2026 and paid a dividend of $0.17 per common share. MGIC executed a traditional excess-of-loss reinsurance transaction providing up to $168 million of reinsurance coverage on eligible NIW in 2027 and amended the cede rate on its 2023 quota share reinsurance transaction from 25% to 23.98%, effective December 31, 2026. The company exercised its option to terminate the reinsurance agreement with Home Re 2021-2, Ltd., resulting in full redemption of the insurance-linked notes. For Q4 2026, MGIC agreed to terms for a 40% quota share reinsurance transaction covering eligible 2028 NIW and a 20% quota share reinsurance transaction covering eligible 2029 NIW with unaffiliated reinsurers. A dividend of $0.17 per common share was declared, payable November 23, 2026, to shareholders of record at the close of business on November 12, 2026. In October, MGIC repurchased an additional 2.5 million shares for $70.2 million, and in November, MGIC paid a $350 million dividend to the holding company. For the nine months ended September 30, 2026, net income was $522.4 million, or $2.47 per diluted share. Net premiums written for Q3 2026 were $235.3 million, and net investment income was $60.9 million. Total assets as of September 30, 2026, were $6,370,383,000, with shareholders' equity at $4,847,324,000. The average loan size of insurance in force was $279,000, and the total number of loans was 1,101,569. Primary risk in force was $82.5 billion. The company will hold a conference call on November 5, 2026, at 10:00 a.m. ET to discuss these results.

MGIC Investment Corporation Announces Quarterly Dividend

(NYSE: MTG) MGIC Investment Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share. The dividend will be payable on November 23, 2026, to shareholders of record as of November 12, 2026. MGIC Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, provides mortgage insurance solutions for mortgage lenders and investors. MGIC enables borrowers to qualify for mortgages with lower down payments. MGIC is described as the founder and longstanding leader of the private mortgage insurance industry. The company states that it continues to guide the industry's evolution and serves as a trusted partner to lenders. MGIC Investment Corporation releases important information via postings on its corporate website and MGIC's website. The company intends to continue making such postings in the future, including corrections of previous disclosures, which may be made without any other disclosure. Investors and interested parties are encouraged to enroll for automatic email alerts and RSS feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts is available at https://mtg.mgic.com/shareholder-services/email-alerts. Information about MGIC's underwriting and rates can be found at https://www.mgic.com/underwriting.

MGIC Investment Corporation Reports Second Quarter 2026 Results

(NYSE: MTG) MGIC Investment Corporation reported second quarter 2026 net income of $182.1 million, or $0.86 per diluted share. Adjusted net operating income for the quarter was $183.7 million, or $0.87 per diluted share. New insurance written (NIW) in Q2 2026 totaled $17.8 billion, and net premiums earned were $238.1 million. The company repurchased 6.6 million shares of common stock for $176.6 million and paid a dividend of $0.15 per common share to shareholders. MGIC paid a $400 million dividend to its holding company, and the board authorized an additional $750 million share repurchase program prior to December 31, 2028. As of June 30, 2026, insurance in force was $304.8 billion, and annual persistency was 83.3%. The company executed a traditional excess-of-loss reinsurance transaction providing up to $168 million of reinsurance coverage on eligible NIW in 2027.

MGIC Investment Corporation Announces an Increase to Quarterly Dividend

(NYSE: MTG) MGIC Investment Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.17 per share, representing an increase of 13% from the last quarterly dividend paid of $0.15 per share. The dividend will be payable on August 20, 2026, to shareholders of record as of August 5, 2026. MGIC Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, provides mortgage insurance solutions for mortgage lenders and investors. MGIC is described as the founder and longstanding leader of today's private mortgage insurance industry. MGIC Investment Corporation releases important information via postings on its corporate website and intends to continue to do so in the future. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts. For information about underwriting and rates, see https://www.mgic.com/underwriting.

MGIC Investment Corporation Reports First Quarter 2026 Results

MGIC Investment Corporation (NYSE: MTG) reported first quarter 2026 net income of $165.3 million, or $0.76 per diluted share, and adjusted net operating income of $165.1 million, or $0.76 per diluted share. The company achieved a return on equity of 13% and repurchased 7.2 million shares for $192.6 million during the quarter. MGIC executed a $324 million excess of loss reinsurance agreement and paid a dividend of $0.15 per common share. As of March 31, 2026, insurance in force was $302.7 billion and holding company liquidity was $709 million. The board authorized an additional $750 million share repurchase program through December 31, 2028.

MGIC Investment Corporation Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.15 Per Share

MGIC Investment Corporation (NYSE: MTG) announced that its board of directors has approved an additional share repurchase program. The authorization allows the company to purchase up to $750 million of its common stock. This move is significant for investors as it may impact share value and reflects the company's capital management strategy.