Earnings ·
MGIC reports Q3 net income of $175M, or $0.85 per diluted share
MTGMgic Investment Corp
MGIC Investment Corporation reported third-quarter 2026 net income of $175.0 million, or $0.85 per diluted share, compared to $191.1 million in the prior-year period. Adjusted net operating income was $174.7 million, also $0.85 per diluted share. New insurance written totaled $17.1 billion, while losses incurred rose to $23.9 million from $10.9 million a year ago, pushing the loss ratio to 10.0% from 4.5%. The company repurchased 5.1 million shares for $152.5 million during the quarter and declared a quarterly dividend of $0.17 per share payable on November 23, 2026. MGIC Investment Corporation operates in the private mortgage insurance industry.