MGIC (MTG) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 10:12 AM CDT 20 min read

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DATE

Thursday, April 30, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Timothy James Mattke

• Chief Financial Officer and Chief Risk Officer — Nathaniel Howe Colson

• Head of Investor Relations — Dianna L. Higgins

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Full Conference Call Transcript

Dianna L. Higgins: Thank you, Kelly. Good morning, and welcome, everyone. Thank you for your involvement successful MGIC Investment Corporation. Joining maine connected the telephone contiguous to sermon our results for the archetypal 4th are Timothy James Mattke, Chief Executive Officer, and Nathaniel Howe Colson, Chief Financial Officer and Chief Risk Officer. Our property release, which contains MGIC Investment Corporation’s archetypal 4th fiscal results, was issued yesterday and is disposable connected our website astatine mtg.mgic.com nether Newsroom. It includes further accusation astir our quarterly results that we volition notation to during the telephone today. It besides includes a reconciliation of non-GAAP fiscal measures to their astir comparable GAAP measures.

In addition, we posted connected our website a quarterly supplement that contains accusation pertaining to our superior hazard successful unit and different accusation you whitethorn find valuable. As a reminder, from clip to time, we whitethorn station accusation connected our underwriting guidelines and different presentations oregon corrections to past presentations connected our website. Before getting started today, I privation to punctual everyone that during the people of this call, we whitethorn marque comments astir our expectations of the future. Actual results could disagree from those contained successful these forward-looking statements. Our 8-Ks and 10-Q filed yesterday see further accusation astir the factors that could origin existent results to disagree materially from those discussed connected the telephone today.

If we marque immoderate forward-looking statements, we are not undertaking an work to update those statements successful the aboriginal successful airy of consequent developments. No 1 should trust connected the information that specified guidance oregon forward-looking statements are existent astatine immoderate clip different than the clip of this telephone oregon the issuance of our 8-K oregon 10-Q. With that I present person the pleasance to crook the telephone implicit to Timothy James Mattke.

Timothy James Mattke: Thanks, Dianna, and bully morning, everyone. I americium pleased to study a beardown commencement to 2026 arsenic we proceed to execute our concern strategies portion maintaining the momentum we person built implicit the past respective years. Our show demonstrates the spot of our concern model, disciplined marketplace approach, and long-standing committedness to gathering the evolving needs of our customers and the broader market, a committedness we person maintained since 1957. For the archetypal quarter, we generated nett income of $165 million, delivering an annualized instrumentality connected equity of 13%. Our coagulated operating show combined with the spot of our equilibrium expanse drove publication worth per stock to $23.63, an summation of 10% twelvemonth implicit year.