MGIC Investment Corp Reports Third-Quarter Financial Results

MGIC Investment Corp reported its third-quarter financial results on November 4, 2026, as investors evaluated the company's profitability during a period of surging mortgage rates. Rates have climbed above 7%, marking a three-year high that impacts the mortgage insurance sector.

Analysts projected earnings per share of $0.81 and revenue of $298.8 million, indicating slight declines from both the previous quarter and the same period last year. Market focus centered on new insurance written volumes and the company's strategy for returning capital to shareholders.

The company faces potential headwinds from an October 22 executive order. The order directs agencies to consider a pilot program for the automatic cancellation of private mortgage insurance, a move that could shorten policy lifespans and reduce premium income.