Description
MGIC Investment’s $177 Million Buyback Adds Firepower To Per-Share Growth!
MGIC Investment Corporation reported second quarter 2026 results characterized by steady operational performance and disciplined capital management. The company posted net income of $182 million, achieving an annualized return on equity of 14.5%. Book value per share increased by 10% year-over-year to $24.27, reflecting underlying business strength and balance sheet resilience. Dividends paid over the last 12 months totaled $0.60 per share, with the Board recently approving an increase in the quarterly dividend to $0.17 per share, marking the sixth consecutive year of dividend growth. New insurance written (NIW) for the quarter rose by 8.5% year-over-year to $18 billion, the highest since Q3 2022, supported by a slightly larger mortgage origination market and seasonal purchase activity. Insurance in force totaled $305 billion at quarter-end, a 2.6% increase compared to the prior year. Annual persistency was measured at 83%, consistent with expectations though slightly down from the previous quarter.
