Quarterly ResultApr 29, 2026, 04:36 PM
MTG Q1 Net Income $165.3M; Basic EPS $0.76
AI Summary
MGIC Investment Corp (MTG) reported Q1 2026 net income of $165.3 million, a decrease from $185.5 million in Q1 2025. Basic earnings per share remained flat at $0.76. The company experienced a decline in net premiums earned and a significant increase in net losses incurred. Despite these financial shifts, MTG maintained compliance with PMIERs and continued its share repurchase program.
Key Highlights
- MTG Q1 2026 net income was $165.3 million, down from $185.5 million YoY.
- Basic earnings per share remained flat at $0.76.
- Net premiums earned decreased to $235.4 million from $243.7 million YoY.
- Losses incurred, net, significantly increased to $33.2 million from $9.6 million YoY.
- Net cash provided by operating activities decreased to $76.9 million from $223.7 million.
- Repurchased $192.4 million of common stock during the quarter.
- Total Shareholders' Equity stood at $5.04 billion as of March 31, 2026.
- Company remains in compliance with Private Mortgage Insurer Eligibility Requirements (PMIERs).