Market News AIOpen the app

MGIC Investment shared its earnings for last quarter, showing a profit of $175 million and a 3.6% rise in new insurance.

ResultsRead the original at Benzinga
Good for MTG

MGIC's $175 million profit, growth in new insurance and insured coverage, $5.5 billion in capital, and lower expected costs support its outlook. Falling premium yield and payouts above net income temper the gains, but cancellation pilots remain only proposals to explore.

MTG · MGIC Investment

AI read · Good for MTG

The AI's read

Early missed payments remain low, and MGIC says its insured customers reflect careful underwriting. Reinsurance helps limit losses, and full-year costs are expected below the low end of its earlier range. The main cautions are a gradual fall in premium yield and payouts above yearly income. Cancellation pilots are only being explored, not adopted.

Get alerts for MTG

Follow MGIC Investment (MTG) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for MTG
Free on the App Store and Google Play, or on the web.