MGIC Posts Q2 2026 Net Income of $182.1M and Authorizes an Additional $750M Buyback
MTG sits 24% above its 52-week low of $24.69.
Summary
MGIC Investment Corporation reported Q2 2026 net income of $182.1 million and authorized an additional $750 million share buyback program, reinforcing its commitment to returning capital to shareholders.
Key Events · Earnings and Guidance · MTG
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Q2 2026 Earnings Beat
Net income of $182.1 million ($0.86 per diluted share) exceeded the prior quarter's $165.3 million, driven by a lower loss ratio of 4.6% and strong new insurance written of $17.8 billion.
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Additional $750M Buyback Authorization
The board approved a new $750 million share repurchase program through December 31, 2028, adding to the existing authorization. The company repurchased 6.6 million shares for $176.6 million in Q2 2026.
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Dividend Increase
Declared a quarterly dividend of $0.17 per share, up from $0.15, payable August 20, 2026 to shareholders of record on August 5, 2026.
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Strong Capital Position
PMIERs excess of $2.7 billion and holding company liquidity of $930 million provide ample capacity for continued capital returns and business growth.
Analysis · MTG · Finance
Solid Q2 2026 results underscore MGIC Investment Corporation's resilience, with net income reaching $182.1 million, or $0.86 per diluted share—slightly below the prior year but buoyed by robust new insurance written of $17.8 billion. Signaling confidence in its capital position, the board authorized an additional $750 million share repurchase program, extending an already aggressive return strategy. During the quarter, $176.6 million in buybacks were executed, and a dividend increase to $0.17 per share further demonstrates management's commitment to shareholders. Trading near its 52-week high, the stock reflects market conviction in the mortgage insurer's disciplined underwriting and strong capital base.
At the time of this filing, MTG was trading at $30.58 on NYSE in the Finance sector, with a market capitalization of approximately $6.5B. The 52-week trading range was $24.69 to $31.03. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.