MGIC INVESTMENT CORP — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
MGIC reported Q2 2026 net income of $182.1M ($0.86/diluted share) vs. $192.5M in Q2 2025. New insurance written was $17.8B (vs. $16.4B YoY). The board authorized a $750M share repurchase program through Dec 31, 2028; in Q2 the company repurchased 6.6M shares for $176.6M, and through July 24, 2026 repurchased an additional 1.5M shares for $42.4M. Annualized ROE was 14.5%. Book value per share rose to $24.27 from $23.47 at year-end 2025. PMIERs excess capital stood at $2.7B. The company also executed a $168M excess-of-loss reinsurance transaction for 2027 NIW.
Why this rating
Solid quarterly results with strong ROE, but modest YoY earnings decline (-5.4%). Share buybacks and capital management routine for company this size. No material business disruption or material M&A.
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