MTG
MGIC Investment Corporation29.08
-0.07-0.24%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.70BP/E (TTM)
9.35Basic EPS (TTM)
3.11Dividend Yield
0.02%Recent Filings
8-K
8-K
MGIC elects two finance experts
MGIC Investment Corporation bolstered its board on October 22, 2025, by electing Martin P. Klein, a seasoned finance executive from Athene and Apollo Global Management, to the Risk Management and Securities Investment Committees, and Daniela A. O'Leary-Gill, ex-COO of BMO U.S., to the Audit and Business Transformation & Technology Committees. Their appointments bring deep expertise in financial strategy and operations. Each receives a pro-rated $36,302 in restricted stock units on October 31. Board refresh sharpens oversight.
10-Q
Q2 FY2025 results
MGIC Investment Corporation posted Q2 2025 net income of $192.5 million, down 6% year-over-year yet lifting diluted EPS to $0.81 from $0.77 amid fewer shares outstanding. Net premiums earned held steady at $244.3 million, with y/y growth in net premiums written of 2% to $237.4 million, while losses incurred swung to a $2.8 million benefit from a $18.3 million benefit last year, driven by $54.4 million favorable prior-year development outpacing $51.6 million on new delinquencies. Investment income dipped 1% to $61.0 million, but underwriting expenses fell 4% to $50.4 million, yielding a 21.9% expense ratio. Cash swelled to $294.9 million, with $406.6 million from operations funding $405.0 million in share repurchases; debt stands at $645.4 million due 2028. Available assets exceed PMIERs minimums by $2.4 billion. Regulatory shifts in state capital rules loom as a balanced concern.
8-K
MGIC Q2 net income $192.5M
MGIC Investment Corporation reported Q2 2025 net income of $192.5 million, or $0.81 per diluted share, down slightly from $204.2 million a year ago, yet delivering a solid 15% annualized return on equity. New insurance written surged to $16.4 billion from $13.5 billion, boosting insurance in force to $297.0 billion, while net losses incurred flipped to a $2.8 million benefit from $18.3 million last year. The company repurchased $180.7 million in shares and executed reinsurance deals covering up to $344 million, strengthening its capital position amid steady delinquency rates. Capital returns remain robust.
8-K
CIO separation effective immediately
MGIC Investment Corporation separated Robert J. Candelmo, Senior Vice President and Chief Information Officer of its subsidiary Mortgage Guaranty Insurance Corporation, from service effective June 11, 2025. Subject to his signing a release, he qualifies for severance under the company's Executive Severance Plan, detailed in the March 21, 2025 proxy statement. This executive exit disrupts IT leadership. No replacement named yet.
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