AI Earnings Predictions for MGIC Investment Corporation (MTG)

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EX-99

2 a033126exhibit99q12026er.htm

EX-99

Document

Exhibit 99

Investor Relations: Dianna Higgins | (414) 347-2635 | dianna_higgins@mgic.com

MGIC Investment Corporation Reports First Quarter 2026 Results

First Quarter 2026 Net Income of $165.3 million or $0.76 per Diluted Share

First Quarter 2026 Adjusted Net Operating Income (Non-GAAP) of $165.1 million or $0.76 per Diluted Share

MILWAUKEE (April 29, 2026) - MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2026.

Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”) said, “We had a strong start to the year, successfully executing on our business strategies and generating solid first quarter results. We achieved a return on equity of 13% while continuing to return meaningful capital to our shareholders.

“We are well-positioned to navigate dynamic environments, supported by our deep industry expertise, strong balance sheet, and disciplined approach to capital allocation. Our continued focus and commitment to meet our customers' evolving needs has allowed us to drive long-term shareholder value,” concluded Mattke.

SUMMARY FINANCIAL METRICS

Quarter ended

($ in millions, except where otherwise noted)

Q1 2026

Q4 2025

Q1 2025

Net income $165.3 $169.3 $185.5

Net income per diluted share $0.76 $0.75 $0.75

Adjusted net operating income $165.1 $168.4 $185.2

Adjusted net operating income per diluted share $0.76 $0.75 $0.75

New insurance written (NIW) (billions)$14.4 $17.1 $10.2

Net premiums earned $235.4 $236.0 $243.7

Insurance in force (billions) $302.7 $303.1 $293.8

Annual persistency84.0 %84.8 %84.7 %

Losses incurred, net $33.2 $31.2 $9.6

Primary delinquency inventory27,006 27,072 25,438

Primary IIF delinquency rate (count based) 2.44 %2.43 %2.30 %

Loss ratio 14.1 %13.2 %3.9 %

Underwriting expense ratio20.5 %19.9 %22.5 %

In force portfolio yield (bps)38.0 38.0 38.4

Net premium yield (bps)31.1 31.2 33.0

Annualized return on equity 13.0 %13.1 %14.3 %

Book value per common share outstanding$23.63 $23.47 $21.40

Adjust for AOCI $0.79 $0.61 $0.98

Tangible book value per share$24.41 $24.08 $22.38

CAPITAL AND LIQUIDITY

As of

($ in billions, except where otherwise noted) March 31, 2026December 31, 2025March 31, 2025

PMIERs available assets $5.8 $5.7 $5.9

PMIERs excess $2.9 $2.5 $2.6

Holding company liquidity (millions) $709 $1,074 $824

FIRST QUARTER 2026 HIGHLIGHTS

•Through an insurance linked note transaction, we executed a $324 million excess of loss reinsurance agreement that covers certain policies written between January 1, 2022 and March 31, 2025.

•We repurchased 7.2 million shares of common stock for $192.6 million.

•We paid a dividend of $0.15 per common share to shareholders.

SECOND QUARTER 2026 HIGHLIGHTS

•Through April 24, 2026 we repurchased an additional 1.7 million shares of our common stock for $47.4 million.

•We declared a dividend of $0.15 per common share to shareholders payable on May 21, 2026, to shareholders of record at the close of business on May 6, 2026.

•MGIC paid a $400 million dividend to our holding company.

•Our board of directors approved a share repurchase program, authorizing us to purchase an additional $750 million of common stock prior to December 31, 2028.

Conference Call and Webcast Details

MGIC Investment Corporation will hold a conference call April 30, 2026, at 10:00 a.m. ET to allow securities analysts and shareholders the opportunity to hear management discuss the company’s quarterly results. Individuals interested in joining by telephone should register for the call at https://register-conf.media-server.com/register/BIeb1b95ef583c49419a8d6b744e509dce to receive the dial-in number and unique PIN to access the call. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast and can be accessed at the company's website at http://mtg.mgic.com/ under "Newsroom." A replay of the webcast will be available on the company’s website through May 30, 2026.

About MGIC

Mortgage Guaranty Insurance Corporation (MGIC) (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, provides mortgage insurance solutions that support responsible credit risk management for mortgage lenders and investors and enable borrowers to qualify for mortgages with lower down payments. As the founder and longstanding leader of today's private mortgage insurance industry, MGIC continues to guide the industry’s evolution while serving as a trusted partner to lenders across the country.

This press release, which includes certain additional statistical and other information, including non-GAAP financial information and a supplement that contains various portfolio statistics, are all available on the Company's website at https://mtg.mgic.com/ under “Newsroom.”

From time to time MGIC Investment Corporation releases important information via postings on its co

mtg-202602020000876437false00008764372026-02-022026-02-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 2, 2026

MGIC Investment Corporation

(Exact name of registrant as specified in its charter)

Wisconsin1-1081639-1486475

(State or other jurisdiction of incorporation)_____________________ (Commission File Number)____________________________ (I.R.S. Employer Identification No.)

250 E. Kilbourn AvenueMilwaukee,Wisconsin53202

(Address of principal executive offices)___________ (Zip Code)

Registrant’s telephone number, including area code: (414)347-6480

Not Applicable

Former name or former address, if changed since last report

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered Common stockMTGNew York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Item 2.02 Results of Operations and Financial Condition. The Company issued a press release on February 2, 2026 announcing its results of operations for the quarter ended December 31, 2025 and certain other information. The press release is furnished as Exhibit 99.

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Pursuant to General Instruction B.2 to Form 8-K, the Company's February 2, 2026 press release is furnished as Exhibit 99 and is not filed.

Exhibit Index

Exhibit No. Description

99 Press Release dated February 2, 2026. (Pursuant to General Instruction B.2 to Form 8-K, this press release is furnished and is not filed.)

104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MGIC INVESTMENT CORPORATION

Date:February 2, 2026 By: \s\ Julie K. Sperber Julie K. Sperber Vice President, Controller and Chief Accounting Officer