MGIC Investment

Q2 FY2026 EarningsQ2 2026 net income reached $182.1M, down 5.4% YoY but up 10.2% QoQ. Diluted EPS was $0.86, an increase from $0.81 YoY, aided by aggressive share repurchases (6.6M shares in Q2). New Insurance Written (NIW) grew to $17.8B, up 8.5% YoY, though Insurance in Force (IIF) yield softened to 37.8 bps. Return on Equity (ROE) remained robust at 14.5%, supported by a low loss ratio of 4.6% and a decrease in the underwriting expense ratio to 19.8%.