MGIC Investment (MTG)
NYSE:MTG
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.77Last Year’s EPS
0.82Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
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
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.
MTG Earnings History
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 | $29.13 | $26.48 | -9.10% |
Feb 02, 2026 | $27.39 | $25.97 | -5.19% |
Oct 29, 2025 | $26.07 | $27.20 | +4.33% |
Jul 30, 2025 | $24.95 | $25.47 | +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 (MTG) report earnings?
MGIC Investment (MTG) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is MGIC Investment (MTG) earnings time?
MGIC Investment (MTG) earnings time is at Aug 05, 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 0.77.