{"id":986725,"date":"2026-07-29T16:39:32","date_gmt":"2026-07-29T20:39:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-reports-second-quarter-2026-results\/"},"modified":"2026-07-29T16:39:32","modified_gmt":"2026-07-29T20:39:32","slug":"mgic-investment-corporation-reports-second-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mgic-investment-corporation-reports-second-quarter-2026-results\/","title":{"rendered":"MGIC Investment Corporation Reports Second Quarter 2026 Results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n Second Quarter 2026 Net Income of $182.1 million or $0.86 per Diluted Share<\/b>\n <\/p>\n

\n Second Quarter 2026 Adjusted Net Operating Income (Non-GAAP) of $183.7 million or $0.87 per Diluted Share<\/b>\n <\/p>\n

\n MILWAUKEE<\/span>, July 29, 2026<\/span> \u00a0\/PRNewswire\/ —\u00a0MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the second quarter of 2026.<\/p>\n

Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”) said, “Our strong second quarter results, highlighted by a 14.5% return on equity, reflect the continued success of our disciplined execution. We’ve delivered consistent performance, generated meaningful returns for shareholders, and strengthened our position for the future. Our deep industry expertise, strong balance sheet, and customer-focused approach continue to drive sustainable value.”<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n SUMMARY FINANCIAL METRICS<\/span>\n <\/p>\n<\/td>\n

\n

\n Quarter ended<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0($ in millions, except where otherwise noted)<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n Q2 2026<\/span>\n <\/p>\n<\/td>\n

\n

\n Q1 2026<\/span>\n <\/p>\n<\/td>\n

\n

\n Q2 2025<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0182.1<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0165.3<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0192.5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income per diluted share<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.86<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.76<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.81<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net operating income<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0183.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0165.1<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0194.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted net operating income per diluted share<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.87<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.76<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.82<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n New insurance written (NIW) (billions)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a017.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a016.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net premiums earned<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0238.1<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0235.4<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0244.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Insurance in force (billions)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0304.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0302.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0297.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Annual persistency<\/span>\n <\/p>\n<\/td>\n

\n

\n 83.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 84.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 84.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Losses incurred, net<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a011.0<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a033.2<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(2.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Primary delinquency inventory<\/span>\n <\/p>\n<\/td>\n

\n

\n 26,152<\/span>\n <\/p>\n<\/td>\n

\n

\n 27,006<\/span>\n <\/p>\n<\/td>\n

\n

\n 24,444<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Primary IIF delinquency rate (count based)<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.37\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.44\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.21\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Loss ratio <\/span>\n <\/p>\n<\/td>\n

\n

\n 4.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.1\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.2\u00a0%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Underwriting expense ratio<\/span>\n <\/p>\n<\/td>\n

\n

\n 19.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 20.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 21.9\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n In force portfolio yield (bps)<\/span>\n <\/p>\n<\/td>\n

\n

\n 37.8<\/span>\n <\/p>\n<\/td>\n

\n

\n 38.0<\/span>\n <\/p>\n<\/td>\n

\n

\n 38.3<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net premium yield (bps)<\/span>\n <\/p>\n<\/td>\n

\n

\n 31.3<\/span>\n <\/p>\n<\/td>\n

\n

\n 31.1<\/span>\n <\/p>\n<\/td>\n

\n

\n 33.0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Annualized return on equity<\/span>\n <\/p>\n<\/td>\n

\n

\n 14.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n

\n 15.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Book value per common share outstanding<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024.27<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a023.63<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022.11<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Adjust for AOCI <\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.81<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.79<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a00.88<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Tangible book value per share<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a025.08<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a024.41<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a022.99<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n CAPITAL AND LIQUIDITY<\/span>\n <\/p>\n<\/td>\n

\n

\n As of<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n ($ in billions, except where otherwise noted)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n June 30, 2026<\/span>\n <\/p>\n<\/td>\n

\n

\n March 31, 2026<\/span>\n <\/p>\n<\/td>\n

\n

\n June 30, 2025<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PMIERs available assets <\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05.6<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05.8<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a05.7<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PMIERs excess<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.7<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.9<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02.4<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Holding company liquidity (millions)<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0930<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0709<\/span>\n <\/p>\n<\/td>\n

\n

\n $\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,046<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

SECOND QUARTER 2026 HIGHLIGHTS<\/p>\n