MGIC Investment Corporation Reports Third Quarter 2026 Financial Results
MGIC Investment Corporation (NYSE: MTG) reported third quarter 2026 net income of $175.0 million, or $0.85 per diluted share. While earnings per share remained stable compared to the same period last year ($0.83), total net income saw a slight decrease from $191.1 million in Q3 2025. The company's adjusted net operating income also reached $174.7 million, reflecting consistent performance despite fluctuations in loss ratios. The results highlight an increase in losses incurred, net, to $23.9 million compared to $10.9 million in the prior year, contributing to a higher loss ratio of 10.0%. However, MGIC continues to demonstrate capital strength through active share repurchases and dividend payments. The company also executed several reinsurance transactions to manage risk exposure for upcoming years.
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