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AI brief of an SEC Form 8-K · MGIC Investment (MTG)

MGIC Q1 2026 net income falls to $165.3 million, but EPS rises to $0.76

Mixed Impact 3 of 5 earnings Written later

MGIC Investment Corporation reported first-quarter 2026 net income of $165.3 million, or $0.76 per diluted share, down from $185.5 million in the first quarter of 2025 but up from $0.75 per share a year earlier. Total revenues fell to $297.1 million from $306.2 million, and losses incurred rose to $33.2 million from $9.6 million, while the per-share gain reflects a lower diluted share count.

Key points

  • Q1 2026 net income was $165.3 million ($0.76 per diluted share) versus $185.5 million ($0.75) in Q1 2025.
  • Net premiums earned were $235.4 million, down from $243.7 million a year earlier; total revenues were $297.1 million versus $306.2 million.
  • Losses incurred, net, were $33.2 million versus $9.6 million; the loss ratio was 14.1% versus 3.9%.
  • The board approved an additional $750 million share repurchase authorization through December 31, 2028, and the company repurchased 7.2 million shares for $192.6 million in the quarter.

The filing

CompanyMGIC Investment (MTG)
Form8-K, current report
Filed with the SECApr 29, 2026, 4:05 PM ET
Accession number0000876437-26-000021

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.