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.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
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.