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MGIC Investment (MTG)
NYSE:MTG
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.75Last Year’s EPS
0.75Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial performance, disciplined capital and risk management, and proactive reinsurance actions that materially strengthened the company’s capital position and reduced regulatory capital requirements. Key operating metrics—net income, EPS, ROE, book value per share, NIW, favorable reserve development, and expense reductions—were positive. The company did flag manageable headwinds including modest increases in delinquency metrics, potential persistency decline if interest rates fall and refi activity accelerates, a flat insurance-in-force outlook for 2026, and some volatility in ceded premium/profit commission mechanics. Overall, positives (robust earnings, capital returns, reinsurance outcomes, and expense discipline) outweigh the measured risks and uncertainties described by management.Company Guidance
Strong Net Income and Earnings Per Share
Reported net income of $169 million in Q4 2025 and $738 million for the full year; Q4 diluted EPS of $0.75 vs $0.72 year-ago (≈+4%) and full-year EPS of $3.14 vs $2.89 year-ago (≈+9%).
Healthy Return on Equity
Annualized return on equity for the quarter was 13%, with full-year ROE at 14.3%, indicating solid profitability and capital efficiency.
Book Value Growth
Book value per share increased to $23.47, up 13% year over year, reflecting strong underlying equity growth.
Insurance In Force and New Insurance Written
Surpassed $300 billion milestone and ended the year with >$303 billion of insurance in force (+3% year over year). Wrote $17 billion of high-quality NIW in Q4 and $60 billion for the full year (≈+8% YoY).
Robust Capital and Reinsurance Actions
Bolstered reinsurance program with a $250 million excess-of-loss transaction, a 40% quota share covering most of 2027 NIW, amended treaties reducing ongoing cost by ≈40% beginning in 2026, and an insurance-linked note providing $324 million of loss protection. Reinsurance reduced PMIERs required by $2.8 billion (≈47%).
Shareholder Returns and Capital Management
Returned $915 million to shareholders via repurchases and dividends in 2025 (repurchased 6.8M shares for $189M in Q4; additional 2.7M shares for $73M in January). Reduced shares outstanding by 12% and paid $800 million in dividends from MGIC to the holding company; holding company liquidity at $1.0 billion and operating-company excess to PMIERs of $2.5 billion.
Credit Quality and Reserve Development
Average credit score at origination remained strong at 748. Favorable loss reserve development of $31 million in the quarter driven by higher-than-expected cure rates on recent delinquency notices; early payment defaults remain low.
Expense Discipline and Investment Income
Underwriting and other expenses were $46 million in Q4 and $201 million for the full year (down $17 million YoY); management expects 2026 operating expenses of $190–$200 million. Investment income was $62 million in Q4 with a book yield of 4%; unrealized loss position narrowed by $16 million this quarter.
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 |
|---|---|---|---|
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% |
Apr 30, 2025 | $24.38 | $24.77 | +1.60% |
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 May 06, 2026, Before Open (Confirmed).
What is MGIC Investment (MTG) earnings time?
MGIC Investment (MTG) earnings time is at May 06, 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 (Q1) is 0.75.