MGIC (MTG) Reports Q1 2026 Earnings with Strong Net Income and Increased Book Value
MGIC (MTG) reported Q1 2026 earnings with a net income of $165 million and a 10% year-over-year increase in book value per share. The company saw a 41% rise in new insurance written to $14 billion, driven by higher refinance activity and a modestly larger purchase market. The results reflect strong performance in underwriting and investment income, with favorable reserve development contributing to the results.
Tickers: $MTG
Topics: Earnings Insurance Written Net Income Reserve Development Return on Equity Share Repurchases