MGIC Q2 FY26 net income falls 5.4% to $182.1 million

Reuters2026/07/29 20:23

By:Reuters

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MGIC Investment Corporation posted Q2 2026 net income of $182.1 million, or $0.86 per diluted share, versus $165.3 million in Q1 2026.
Adjusted net operating income (non-GAAP) edged up to $183.7 million, or $0.87 per diluted share, from $165.1 million in Q1 2026.
New insurance written rose to $17.8 billion from $14.4 billion in Q1 2026; insurance in force increased to $304.8 billion from $302.7 billion.
Losses incurred narrowed to $11 million from $33.2 million in Q1 2026; the loss ratio improved to 4.6% from 14.1%.
Repurchased $176.6 million of stock in the quarter; declared a $0.17 per-share dividend payable Aug. 20 and authorized an additional $750 million buyback through 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MGIC Investment Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607291605PR_NEWS_USPR_____CG15044) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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MGIC Q2 FY26 net income falls 5.4% to $182.1 million

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