MGIC Investment Corporation(MTG)Earnings, Financials & Key Ratios

Key Thesis Takeaways

• MGIC Investment Corporation faces a challenging transition as revenue growth contracted by 3.0% in 2026Q1, signaling that the era of exceptionally favorable underwriting results is likely ending.
• While the company maintains a fortress-like balance sheet with $5.0 billion in equity, the normalization of the loss ratio to 11.6% suggests that credit risk is rising as the housing market cools.
• Investors should monitor whether the aggressive capital return strategy, which saw $227.6 million in buybacks and dividends in 2026Q1, remains sustainable if operating cash flow continues to decline from its recent peak.