10-K · February 25, 2026
MGIC reported full-year 2025 revenue of $1.2 billion and net income of $738 million (diluted EPS $3.14), while returning substantial capital to shareholders (approximately $915 million) and expanding its reinsurance…
Earnings analysis · 10-Q
MTG earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
MGIC Investment Corporation reported Q1 2026 net income of $165.3 million or $0.76 per diluted share, surpassing the consensus EPS estimate of $0.74. Revenue totaled $235.4 million, which was below the estimated $302.9…
Read full summary
MGIC Investment Corporation reported Q1 2026 net income of $165.3 million or $0.76 per diluted share, surpassing the consensus EPS estimate of $0.74. Revenue totaled $235.4 million, which was below the estimated $302.9 million, indicating challenges in premium income. Despite the revenue miss, management remains optimistic with a solid return on equity of 13%.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.76
What stood out
-
EPS Beats Expectations
Reported diluted EPS was $0.76, exceeding the consensus estimate of $0.74.
-
Solid Return on Equity
Return on equity stood at 13%, indicating strong profitability.
-
Strong Shareholder Returns
The company continued its share buyback program, repurchasing over $352 million worth in January 2026 alone.
-
High Investment Income
Investment income was enhanced by a larger investment grade fixed income portfolio, although specific figures were not disclosed.
What to watch
-
High Loss Ratio
The company continues to report high loss ratios affecting profitability, particularly in the wake of an uncertain housing market.
-
Persistency Challenges
Persistency rates are impacting new business written, affecting future premiums.
-
Competitive Market Pressures
There is increasing competitive pressure which could lead to margin compression on premiums.
Management's outlook
Management expressed a generally positive outlook but did not provide explicit numerical guidance.
Earlier filings 4
10-Q · October 29, 2025
MGIC reported Q3 2025 diluted EPS of $0.83 (up 8% from $0.77 in Q3 2024) on total revenue of $304,505,000. Net income decreased to $191,095,000 (down 4% YoY) as losses incurred swung to $10,928,000 from $(9,842,000) a…
10-Q · July 30, 2025
MGIC reported Q2 2025 diluted EPS of $0.81 and net income of $192.5 million, with adjusted net operating income per diluted share of $0.82. Net income declined 6% year-over-year while adjusted operating income per share…
10-Q · April 30, 2025
MGIC reported Q1 2025 diluted EPS of $0.75 (up from $0.64 in Q1 2024, +17%) and net income of $185.5 million (up $11.4 million, +7% YoY). Revenue was ~$306.2 million and adjusted net operating income was $185.2 million…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.