Mortgage insurance profits soared 14% above expectations on a massive share count reduction, even as revenue dipped and delinquencies crept higher. MGIC is banking on buybacks and a 13% dividend raise to stoke shareholder returns while deploying $168 million in new reinsurance coverage on 2027 policies.
MGIC Investment :
MTG
MTG
Stock Data
$30.64
$0.29 (0.96%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
INSURANCE - SPECIALTY
MGIC Investment Corp specializes in providing private mortgage insurance and a range of mortgage credit risk management solutions. Founded in 1957 and based in Milwaukee, Wisconsin, it supports lenders by offering protection against defaults on individual loans. This includes covering unpaid loan principal and related expenses. MGIC also offers pool insurance for mortgage transactions in the secondary market, along with underwriting services and reinsurance. Its clients range from mortgage brokers to commercial banks and other lending institutions across the United States, including Puerto Rico and Guam.
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