Jun 2026 (Q2 FY26) — Jul 30, 2026
MGIC Investment Corporation Q2 FY26 — Strong Profitability and Capital Returns Amidst Credit Normalization
Read the full callMGIC Investment (MTG) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
MGIC Investment earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 295 | −2.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 182 | −5.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$27.72 −0.47% · −$0.13
Performance +3.0% 1Y
1Y: $26.92 on 17 Oct 2025 → $27.72. High $31.47 (3 Sept 2026), low $24.86 (3 Jun 2026).
- Previous close
- $27.85
- 52-week range
- $24.86 – $31.47
- One year
- +2.40%
Overview
- Symbol
- MTG
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
MGIC Q1 FY26 — Strong NIW Growth and Robust Capital Returns
Read the full callEvery analysed call
MGIC Investment earnings calls (MTG)
Financials
What the filings say
Net profit, year on year: −5% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 307 | 301 | 306 | 304 | 305 | 299 | 297 | 295 |
| Profit before tax | 254 | 235 | 235 | 246 | 235 | 213 | 207 | 230 |
| Tax rate | 21.4% | 21.3% | 21.0% | 21.8% | 18.7% | 20.4% | 20.1% | 20.8% |
| Net profit | 200 | 185 | 185 | 192 | 191 | 169 | 165 | 182 |
| EPS ($ per share) | 0.77 | — | 0.76 | 0.81 | 0.83 | — | 0.76 | 0.87 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 371 | 371 | 371 | 371 | 371 | 371 | 248 | 219 |
| Reserves | 1,647 | 2,279 | 2,642 | 3,251 | 4,004 | 4,593 | 3,404 | 3,250 |
| Total liabilities | 2,096 | 1,920 | 2,656 | 2,464 | 1,571 | 1,466 | 1,375 | 1,492 |
| Fixed assets | 52 | 50 | 47 | 46 | 41 | 39 | 36 | 32 |
| Investments | — | — | — | — | 67 | — | — | — |
| Total assets | 5,678 | 6,230 | 7,355 | 7,325 | 6,214 | 6,538 | 6,547 | 6,639 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 545 | 610 | 732 | 696 | 650 | 713 | 725 | 853 |
| Cash from investing | -318 | -422 | -773 | -161 | 410 | -179 | -142 | 228 |
| Cash from financing | -172 | -173 | 168 | -527 | -1,033 | -496 | -719 | -940 |
| Capital expenditure | -14 | -6 | -3 | -4 | -3 | -2 | -1 | -1 |
| Free cash flow | 530 | 604 | 729 | 692 | 647 | 711 | 724 | 852 |
MTG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| New insurance written | $14B[indiscernible] $14 billion of new insurance in the first quarter, an increase of 41% from last year, and our largest first quarter of NIW since 2022.Source: earnings call transcript | $18BWe wrote $18 billion of new insurance in the second quarter, an increase of 8.5% from the second quarter of 2025, and our highest NIW since the third quarter of 2022.Source: earnings call transcript | +28.6% |
| Insurance in force | ~$303BInsurance in force at the end of the first quarter stood at approximately $303 billion, relatively flat quarter-over-quarter, and up 3% from a year ago, with annual [indiscernible] the quarter at 84%, down from 85% last quarter.Source: earnings call transcript | $305BInsurance in force ended of the quarter at $305 billion, up slightly in the quarter and up 2.6% from a year ago.Source: earnings call transcript | — |
| Initial claim rate assumption | 7.5%For the delinquency notices we received in the quarter, we continue to apply the initial claim rate assumption of 7.5%.Source: earnings call transcript | 7.5%For new delinquency notices received in the second quarter, we continue to apply our initial claim rate assumption of 7.5%.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
101 filings between Oct 31, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$26.39M
25 sales by 4 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 68
- Award — granted as compensation
- 5
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 other filings, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Mattke Timothy J. | — | $15.16M | Oct 1, 2026 |
| Miosi Salvatore A | — | $7.86M | Oct 1, 2026 |
| Maggio Paula C | — | $2.24M | Aug 7, 2026 |
| Colson Nathaniel H | — | $1.13M | Sep 24, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Miosi Salvatore A President & COO | Sale 10b5-1 plan | 30,000 | $781.8K |
| Oct 1, 2026 | Mattke Timothy J. Chief Executive Officer | Sale 10b5-1 plan | 137,114 | $3.60M |
| Sep 24, 2026 | Colson Nathaniel H Officer EVP, CFO & CRO | Sale 10b5-1 plan | 20,000 | $589.6K |
| Sep 1, 2026 | Miosi Salvatore A President & COO | Sale 10b5-1 plan | 30,000 | $921.9K |
| Aug 20, 2026 | O'Leary-Gill Daniela Director | Award | 28 | — |
| Aug 20, 2026 | CULVER CURT S Director | Award | 28 | — |
| Aug 20, 2026 | Hartzell Jay C. Director | Award | 195 | — |
| Aug 20, 2026 | CHAPLIN C EDWARD Director | Award | 145 | — |
| Aug 20, 2026 | Klein Martin P Director | Award | 36 | — |
| Aug 20, 2026 | Zandi Mark Director | Award | 28 | — |
| Aug 20, 2026 | Thompson Michael Leal Director | Award | 28 | — |
| Aug 20, 2026 | Lowman Teresita M. Director | Award | 189 | — |
| Aug 20, 2026 | Sculley Sheryl L. Director | Award | 130 | — |
| Aug 7, 2026 | Maggio Paula C EVP and General Counsel | Sale 10b5-1 plan | 20,000 | $606.0K |
| Aug 5, 2026 | Mattke Timothy J. Chief Executive Officer | Sale 10b5-1 plan | 137,113 | $4.18M |
| Aug 3, 2026 | Miosi Salvatore A President & COO | Sale 10b5-1 plan | 30,000 | $891.0K |
| Jul 1, 2026 | Miosi Salvatore A President & COO | Sale 10b5-1 plan | 30,000 | $846.9K |
| Jun 25, 2026 | Colson Nathaniel H Officer EVP, CFO & CRO | Sale 10b5-1 plan | 20,000 | $542.0K |
| Jun 8, 2026 | Miosi Salvatore A President & COO | Sale 10b5-1 plan | 30,000 | $761.4K |
| May 29, 2026 | Maggio Paula C EVP and General Counsel | Sale 10b5-1 plan | 20,937 | $534.9K |
| May 21, 2026 | O'Leary-Gill Daniela Director | Award | 29 | — |
| May 21, 2026 | Lowman Teresita M. Director | Award | 194 | — |
| May 21, 2026 | CULVER CURT S Director | Award | 29 | — |
| May 21, 2026 | Hartzell Jay C. Director | Award | 201 | — |
| May 21, 2026 | Sculley Sheryl L. Director | Award | 134 | — |
| May 21, 2026 | Zandi Mark Director | Award | 29 | — |
| May 21, 2026 | Klein Martin P Director | Award | 37 | — |
| May 21, 2026 | CHAPLIN C EDWARD Director | Award | 150 | — |
| May 21, 2026 | Thompson Michael Leal Director | Award | 29 | — |
| May 15, 2026 | CULVER CURT S Director | Gift | 311,511 | — |
| Apr 2, 2026 | Mattke Timothy J. Chief Executive Officer | Sale 10b5-1 plan | 139,202 | $3.69M |
| Apr 1, 2026 | Miosi Salvatore A President & COO | Sale 10b5-1 plan | 10,931 | $287.0K |
| Mar 6, 2026 | O'Leary-Gill Daniela Director | Award | 28 | — |
| Mar 6, 2026 | Lowman Teresita M. Director | Award | 190 | — |
| Mar 6, 2026 | Hartzell Jay C. Director | Award | 196 | — |
| Mar 6, 2026 | Sculley Sheryl L. Director | Award | 131 | — |
| Mar 6, 2026 | Klein Martin P Director | Award | 36 | — |
| Mar 6, 2026 | Zandi Mark Director | Award | 28 | — |
| Mar 6, 2026 | Kozlak Jodee A Director | Award | 78 | — |
| Mar 6, 2026 | Thompson Michael Leal Director | Award | 28 | — |
| Mar 6, 2026 | CHAPLIN C EDWARD Director | Award | 146 | — |
| Mar 6, 2026 | CULVER CURT S Director | Award | 28 | — |
| Mar 2, 2026 | Miosi Salvatore A President & COO | Tax withheld | 129,321 | $3.43M |
| Mar 2, 2026 | Mattke Timothy J. Chief Executive Officer | Tax withheld | 307,691 | $8.16M |
| Mar 2, 2026 | Maggio Paula C EVP and General Counsel | Tax withheld | 61,070 | $1.62M |
| Mar 2, 2026 | Colson Nathaniel H Officer EVP, CFO & CRO | Tax withheld | 86,349 | $2.29M |
| Mar 2, 2026 | Sperber Julie K. VP-Chief Accounting Officer | Tax withheld | 6,132 | $162.7K |
| Feb 25, 2026 | Colson Nathaniel H Officer EVP, CFO & CRO | Award | 182,584 | — |
| Feb 25, 2026 | Miosi Salvatore A President & COO | Award | 273,875 | — |
| Feb 25, 2026 | Sperber Julie K. VP-Chief Accounting Officer | Award | 6,251 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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