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MGIC Investment (MTG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 29, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.76

Last Year’s EPS

0.82

Same Quarter Last Year

Analyst Consensus

Hold

Based on 4 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 29, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call highlighted solid operating and capital strength: strong net income and ROE, 10% YoY book value growth, a 41% increase in NIW, favorable reserve development, and a robust reinsurance and capital position. Management emphasized disciplined capital allocation via a new $750M repurchase authorization and continued dividends, while maintaining expense discipline and stable premium yields. Offsetting items were modest credit-normalization signs—delinquency up modestly (14 bps YoY), persistency down 1 percentage point, slight increase in new-notice severity due to larger loan sizes, and flat investment income. Overall, positive operating and capital metrics materially outweigh the limited credit and macro uncertainties discussed.

Company Guidance

Management guided that they expect 2026 insurance‑in‑force to be “relatively flat,” with annual persistency to remain elevated (84% reported this quarter, down from 85% last quarter, with a quarterly run‑rate nearer 80%), and the in‑force premium yield to stay roughly flat at 38 bps; they reiterated a strong capital position with $6.0 billion of balance‑sheet capital and a reinsurance program that reduced PMIERs required assets by $3.1 billion (≈52%), and emphasized disciplined capital allocation including a board‑authorized $750 million repurchase program, an approved $0.15/share dividend payable May 21 (and $35 million paid this quarter), continued share repurchases (7.2 million shares/$193 million in Q1 and an additional 1.7 million/$47 million through April 24), noting that repurchases plus dividends totaled $888 million over the prior four quarters (repurchases $750M + dividends $138M) equal to a 123% payout of net income; other metrics and assumptions underpinning guidance included Q1 net income $165 million (annualized ROE 13%), book value per share $23.63 (+10% YoY), NIW $14.0 billion (+41% YoY, refinance share ~20–21%), investment income $62 million with a ~4% book yield (reinvestment rates exceeding book yield), favorable reserve development of $31 million (initial claim rate assumption 7.5%), Q1 underwriting & other expenses $48 million with full‑year operating expense guidance of $190–$200 million, and continued monitoring of macro drivers (rates, unemployment, affordability) that could alter these outcomes.

Strong Quarterly Earnings and ROE

Net income of $165 million in Q1 2026, delivering an annualized return on equity of 13% and EPS of $0.76 per diluted share (vs. $0.75 a year ago).

Book Value Growth

Book value per share increased to $23.63, up 10% year over year.

Substantial Increase in New Insurance Written (NIW)

Wrote $14 billion of NIW in Q1, an increase of 41% year over year and the largest Q1 NIW since 2022, driven by higher refinance activity and a modestly larger purchase market.

Robust Capital and Reinsurance Position

Balance sheet capital of $6.0 billion and a reinsurance program that reduced PMIERs required assets by approximately $3.1 billion (about 52%), providing loss-volatility reduction and capital diversification.

Favorable Loss Reserve Development

Recorded $31 million of favorable loss reserve development in the quarter due primarily to stronger-than-expected cure rates on delinquency notices received in 2025.

Disciplined Capital Return Activity

Board authorized an additional $750 million share repurchase program; Q1 repurchases were 7.2 million shares for $193 million. Over the prior four quarters, repurchases totaled $750 million and dividends totaled $138 million. Paid $400 million dividend to the holding company to enhance liquidity.

Expense Discipline and Guidance

Underwriting and other expenses of $48 million in Q1, down from $53 million a year ago (approx. 9% decline). Full-year operating expense guidance maintained at $190 million to $200 million.

Stable Premium Yield and Investment Income

In-force premium yield was 38 basis points, flat sequentially and in line with expectations. Investment income was $62 million (flat QoQ and YoY) and the investment portfolio book yield has been ~4% for the last year.

MGIC Investment (MTG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MTG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2026	2026 (Q2)	0.76 / -	0.82	―	―	―
Apr 29, 2026	2026 (Q1)	0.74 / 0.76	0.75	1.33% (+0.01)
Feb 02, 2026	2025 (Q4)	0.75 / 0.75	0.72	4.17% (+0.03)
Oct 29, 2025	2025 (Q3)	0.74 / 0.83	0.77	7.79% (+0.06)
Jul 30, 2025	2025 (Q2)	0.72 / 0.82	0.77	6.49% (+0.05)
Apr 30, 2025	2025 (Q1)	0.69 / 0.75	0.65	15.38% (+0.10)
Feb 03, 2025	2024 (Q4)	0.67 / 0.72	0.67	7.46% (+0.05)
Nov 04, 2024	2024 (Q3)	0.66 / 0.77	0.64	20.31% (+0.13)
Jul 31, 2024	2024 (Q2)	0.64 / 0.77	0.68	13.24% (+0.09)
May 01, 2024	2024 (Q1)	0.60 / 0.65	0.54	20.37% (+0.11)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MTG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 29, 2026	$28.96	$26.33	-9.10%
Feb 02, 2026	$27.24	$25.82	-5.19%
Oct 29, 2025	$25.92	$27.04	+4.32%
Jul 30, 2025	$24.81	$25.33	+2.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does MGIC Investment Corp (MTG) report earnings?

MGIC Investment Corp (MTG) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).

What is MGIC Investment Corp (MTG) earnings time?

MGIC Investment Corp (MTG) earnings time is at Jul 29, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MTG EPS forecast?

MTG EPS forecast for the fiscal quarter 2026 (Q2) is 0.76.