Mortgage insurer MGIC Investment (NYSE:MTG) missed Wall Street’s revenue expectations in Q1 CY2026, with sales falling 3% year on year to $297.1 million. Its non-GAAP profit of $0.76 per share was 2.4% above analysts’ consensus estimates.
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MGIC Investment (MTG) Q1 CY2026 Highlights:
- Net Premiums Earned: $235.4 million (3.4% year-on-year decline)
- Revenue: $297.1 million vs analyst estimates of $300 million (3% year-on-year decline, 1% miss)
- Pre-tax Profit: $206.8 million (69.6% margin)
- Adjusted EPS: $0.76 vs analyst estimates of $0.74 (2.4% beat)
- Book Value per Share: $23.63 (10.4% year-on-year growth)
- Market Capitalization: $6.23 billion
Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation (“MGIC”) said, “We had a strong start to the year, successfully executing on our business strategies and…
