MGIC INVESTMENT CORP
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
MTG$28.50-0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| MGIC Investment Corporation and Subsidiaries | |||||
|---|---|---|---|---|---|
| Consolidated Statements of Operations (Unaudited) | |||||
| Three Months Ended September 30, · Nine Months Ended September 30, | |||||
| (In thousands, except per share data) | Note | 2026 | 2025 | 2026 | 2025 |
| Revenues: | |||||
| Premiums written: | |||||
| Direct | $286,607 | $279,203 | $852,570 | $832,880 | |
| Assumed | 3,059 | 4,122 | 9,507 | 11,377 | |
| Ceded | 7 | (54,364) | (48,097) | (161,870) | (136,299) |
| Net premiums written | 235,302 | 235,228 | 700,207 | 707,958 | |
| Decrease in unearned premiums, net | 3,157 | 6,522 | 11,672 | 21,833 | |
| Net premiums earned | 7 | 238,459 | 241,750 | 711,879 | 729,791 |
| Investment income, net of expenses | 60,907 | 62,210 | 182,114 | 184,648 | |
| Net gains (losses) on investments and other financial instruments | 5 | (382) | 162 | (2,777) | (523) |
| Other revenue | 96 | 383 | 329 | 1,068 | |
| Total Revenues | 299,080 | 304,505 | 891,545 | 914,984 | |
| Losses and Expenses: | |||||
| Losses incurred, net | 8 | 23,939 | 10,928 | 68,167 | 17,684 |
| Amortization of deferred insurance policy acquisition costs | 1,371 | 1,830 | 3,892 | 5,225 | |
| Other underwriting and operating expenses, net | 14 | 43,557 | 47,780 | 134,719 | 149,540 |
| Interest expense | 8,906 | 8,906 | 26,704 | 26,704 | |
| Total Losses and Expenses | 77,773 | 69,444 | 233,482 | 199,153 | |
| Income before tax | 221,307 | 235,061 | 658,063 | 715,831 | |
| Provision for income tax | 46,335 | 43,966 | 135,643 | 146,794 | |
| Net Income | $174,972 | $191,095 | $522,420 | $569,037 | |
| Earnings per share: | |||||
| Basic | 4 | $0.86 | $0.83 | $2.49 | $2.41 |
| Diluted | 4 | $0.85 | $0.83 | $2.47 | $2.39 |
| Weighted average common shares outstanding - basic | 4 | 204,114 | 229,308 | 210,013 | 236,541 |
| Weighted average common shares outstanding - diluted | 4 | 205,421 | 231,376 | 211,473 | 238,558 |
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