MGIC Investment Corp ( (MTG) ) has released its Q2 earnings. Here is a breakdown of the information MGIC Investment Corp presented to its investors.
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MGIC Investment Corporation is a holding company primarily engaged in the mortgage insurance business through its subsidiary, Mortgage Guaranty Insurance Corporation (MGIC). The company provides mortgage insurance to lenders and government-sponsored entities in the United States to protect against losses from defaults on low down payment residential mortgage loans. MGIC operates in the financial services sector and is known for its involvement in credit risk transfer programs with Fannie Mae and Freddie Mac.
In its latest earnings report for the second quarter of 2025, MGIC Investment Corporation reported a net income of $192.5 million, slightly down from $204.2 million in the same period last year. The company maintained strong financial performance with total revenues of $304.2 million, showcasing stability in its core operations. MGIC’s earnings per share increased to $0.81 from $0.77, reflecting a positive trend in shareholder returns.
Key financial highlights include net premiums earned of $244.3 million, consistent with the previous year’s quarter, and investment income of $61 million. The company also reported a comprehensive income of $224 million, benefiting from changes in unrealized investment gains. MGIC’s reinsurance strategies, including quota share and excess-of-loss transactions, continue to play a significant role in managing risk and optimizing financial outcomes.
Looking ahead, MGIC Investment Corporation remains focused on maintaining compliance with private mortgage insurer eligibility requirements and optimizing its financial strategies. The company is well-positioned to continue providing mortgage insurance solutions, leveraging its strong capital base and strategic partnerships with government-sponsored entities.