Overview

* MGIC Q2 net income falls to $192.5 mln from $204.2 mln last year

* Adjusted net operating income for Q2 dips to $194.0 mln from $204.9 mln

* Company returns $212 mln to shareholders via repurchases and dividends

Outlook

* MGIC highlights reinsurance transactions covering 2025-2026 NIW

Result Drivers

* CAPITAL RETURNS - MGIC returned $212 mln to shareholders through share repurchases and dividends, demonstrating capital strength

* REINSURANCE TRANSACTIONS - Executed reinsurance transactions providing up to $160 mln and $184 mln coverage for 2025 and 2026 NIW

* DIVIDEND INCREASE - Announced a 15% increase in common stock dividend, reflecting confidence in capital position

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net $192.50

Income mln

Q2 $194 mln

Adjusted

Operatin

g Income

Q2 $0.13

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy."

* Wall Street's median 12-month price target for MGIC Investment Corp ( MTG ) is $27.00, about 4.9% above its July 29 closing price of $25.68

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)