For Q1 FY2026 ended March 31, 2026, MGIC Investment Corp reported revenue of $297.1 million, down 3.0% year-over-year. Net income was $165.3 million, a decrease of 10.9% from the prior year. Diluted EPS rose 1.3% to $0.76. Cash stood at $235.1 million and equity at $5.04 billion.
•Revenue decreased 3.0% YoY to $297.1 million.
•Net income fell 10.9% YoY to $165.3 million.
•Diluted EPS increased 1.3% to $0.76.
•Equity was $5.04 billion with cash of $235.1 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
MGIC Investment Corporation, through its subsidiaries provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary insurance that provides mortgage default protection on individual loans
Covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property contract underwriting services, as well as reinsurance services.
The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and lenders. Founded in 1957, the company is headquartered in Milwaukee, Wisconsin.
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and other mortgage credit risk management solutions in the United States, the District of Columbia, Puerto Rico, and Guam. Its primary insurance product offers mortgage default protection on individual loans, covering unpaid loan principal, delinquent interest, and expenses related to default and foreclosure. The company also provides contract underwriting and reinsurance services. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and lenders. Founded in 1957, MGIC is a key player in the specialty insurance industry, helping lenders manage risk and expand homeownership opportunities.
Where is MGIC Investment Corporation (MTG) listed and in which currency?
MGIC Investment Corporation is listed on the New York Stock Exchange (NYSE) under the ticker symbol MTG. Its shares are traded in US dollars (USD), reflecting its primary operations in the United States. As a US-based company, its financial reporting and stock pricing are denominated in USD, making it accessible to investors on major US exchanges.
What sector and industry does MGIC Investment Corporation (MTG) belong to?
MGIC Investment Corporation operates in the Financial Services sector and is classified under the Insurance - Specialty industry. This means the company focuses on a specific type of insurance—private mortgage insurance—rather than general insurance lines. Specialty insurers like MGIC provide niche risk management solutions, in this case protecting lenders against borrower default on residential mortgages. The company's expertise in mortgage credit risk distinguishes it within the broader financial services landscape.
Where is MGIC Investment Corporation (MTG) headquartered and what markets does it serve?
MGIC Investment Corporation is headquartered in Milwaukee, Wisconsin, United States. The company serves the US mortgage market, including the District of Columbia, Puerto Rico, and Guam. Its services are primarily targeted at residential mortgage loan originators such as savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and lenders. By providing private mortgage insurance and related risk management solutions, MGIC supports the US housing finance system, enabling lenders to offer mortgages with lower down payments while mitigating default risk.
How does MGIC Investment Corporation (MTG) make money?
MGIC Investment Corporation generates revenue primarily by charging premiums for private mortgage insurance policies. These policies protect lenders against losses if a borrower defaults on a residential mortgage. The company also earns fees from contract underwriting services, where it assesses mortgage risk for lenders, and from reinsurance services, where it assumes risk from other insurers. Additionally, MGIC may earn investment income from its portfolio of premiums and reserves. Its business model relies on accurately pricing risk and maintaining a diversified book of insured loans across the US, Puerto Rico, and Guam.