MGIC Investment Corporation Reports Q3 2026 Net Income of $175 Million and New Insurance Volume of $17 Billion
MGIC Investment Corporation (MTG) reported strong third-quarter results, generating a net income of $175 million. This performance resulted in an annualized return on equity (ROE) of 14.2%. The company also demonstrated significant growth in its core operations, writing $17 billion in new insurance during the quarter. Looking ahead, management provided guidance regarding operating expenses, signaling they are expected to fall slightly below the $190 million to $200 million range. Additionally, the company has extended its quota share reinsurance agreement through 2029, providing long-term structural stability for its insurance operations.
Tickers: $MTG