MTG's Strong Fundamentals Support Earnings and Capital Returns
MGIC Investment Corporation (MTG) reported strong Q2 2026 results with new insurance written rising 8.5% to $17.8 billion and insurance in force increasing 2.6% to $304.8 billion. The company maintains solid capital resources with $2.7 billion in PMIERs excess and benefits from strong cure activity and favorable policy performance. While credit normalization is occurring gradually, management expects manageable delinquency trends. MTG stock is rated Zacks Rank #1 (Strong Buy) and trades at a discount to industry peers.