#USA #Milwaukee #MGIC Investment #MTG #Second Quarter

MGIC Investment Corporation Reports Robust Financial Performance in Q2 2026

MGIC Investment Corporation has recently disclosed its financial and operational results for the second quarter of 2026, revealing a notable increase in performance. This results announcement by MGIC, which trades under the NYSE symbol MTG, illustrates a strong financial foundation built on disciplined execution and strategic foresight. With CEO Tim Mattke at the helm, the company achieved a net income of $182.1 million, which translates to $0.86 per diluted share. The adjusted net operating income for the same period reached $183.7 million, or $0.87 per diluted share, marking a robust performance indicative of strong market positioning.

Financial Highlights

During the second quarter, MGIC experienced substantial growth compared to the previous quarter and the same quarter last year. Here are some key figures:

• - Net income in Q2 2026 stood at $182.1 million, up from $165.3 million in Q1 2026 but slightly below $192.5 million from Q2 2025.
• - The company reported a 14.5% return on equity, reflecting a disciplined operational approach and robust financial management.
• - New insurance written (NIW) came in at $17.8 billion, up from $14.4 billion in Q1, representing a strong growth trajectory in new business generation.

In addition, MGIC's insurance in force has reached $304.8 billion, indicating continued market confidence and a steady influx of insurance policies.

Operational Excellence

MGIC's operational metrics indicate enhanced efficiency as evidenced by a loss ratio of 4.6%, a substantial reduction from 14.1% recorded in the previous quarter. This improvement in loss management is crucial, as it showcases the company's ability to navigate market fluctuations and enhance profitability. The annual persistency rate also stands at an impressive 83.3%, indicating strong customer retention.

The underwriting expense ratio improved as well, now at 19.8%, compared to 20.5% last quarter, demonstrating MGIC's commitment to cost management and operational efficiency.

Shareholder Initiatives

MGIC continues to prioritize shareholder value as part of its strategic initiatives. The company repurchased 6.6 million shares for $176.6 million and declared a dividend of $0.15 per share. Furthermore, the board approved an additional share repurchase program, authorizing the buyback of up to $750 million of common shares by the end of 2028.

Looking ahead, MGIC plans to maintain a shareholder-friendly approach while focusing on sustainable growth. As of mid-year 2026, liquidity remains strong with holding company liquidity at $930 million. The company also noted its commitment to execute traditional excess-of-loss reinsurance transactions, which enhance its economic safety and flexibility in underwriting policies.

Upcoming Conference Call

Interested investors and analysts can tune into MGIC's upcoming conference call scheduled for July 30, 2026, to delve deeper into the company's performance insights. The call will provide an opportunity for stakeholders to engage with MGIC's management team and gain further understanding of the strategic direction moving forward.

About MGIC

Mortgage Guaranty Insurance Corporation (MGIC) is a leader in the private mortgage insurance industry. Established to support responsible credit risk management, MGIC enables mortgage lenders to provide loans with lower down payments, fostering more accessible homeownership. The firm continues to evolve alongside industry needs and remains committed to delivering enduring value to all stakeholders. With the strength of its leadership and a keen focus on execution, MGIC is poised to navigate the challenges ahead and capitalize on growth opportunities in the mortgage insurance arena.