NYSE$MTG
MGIC Investment Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
MGIC Investment Corporation's financial performance was characterized by robust financial results, influenced by the credit quality of insurance in force, a strong housing market, reduced new delinquencies, and improving economic conditions.
MGIC Investment Corporation reported a strong second quarter in 2021, with net income of $153.1 million, or $0.44 per diluted share, and adjusted net operating income of $151.5 million, also $0.44 per diluted share. The company benefited from a strong housing market, improving economic conditions, and a decrease in new delinquencies.
- New insurance written was $33.6 billion, reflecting the strength of the purchase mortgage market.
- Insurance in force increased to $262.0 billion, growing by 4.1% during the quarter and 13.7% compared to the previous year.
- The loss ratio improved to 11.6%, compared to 89.2% in the second quarter of 2020.
- Primary delinquency inventory decreased to 42,999 loans.
Headline financials
Revenue & EPS history
MGIC · Revenue · Quarterly
$298M
Forward guidance
Reflecting the increase in capital position, and long-term confidence in transformed business model a $150 million dividend was declared and paid from MGIC to our holding company subsequent to quarter end.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.3%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+35.4%
Q4 2012
Best reaction
-65.7%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.0% | -9.9% | -13.5% | |
| Q4 2025 | -5.2% | -0.9% | -2.8% | |
| Q3 2025 | +0.8% | +2.5% | +8.2% | |
| Q1 2025 | +1.6% | +4.4% | +6.2% | |
| Q4 2024 | +1.8% | +0.5% | -6.0% | |
| Q3 2024 | +1.2% | +3.8% | +8.8% | |
| Q2 2024 | -1.0% | -5.5% | +2.7% | |
| Q1 2024 | +1.1% | +3.3% | +3.6% | |
| Q4 2023 | -1.2% | -4.8% | -2.0% | |
| Q3 2023 | +1.4% | +6.3% | +5.4% | |
| Q2 2023 | +5.3% | +7.9% | +6.0% | |
| Q1 2023 | -1.4% | +1.3% | +6.8% | |
| Q4 2022 | +1.2% | -2.4% | -1.5% | |
| Q3 2022 | -1.8% | -1.2% | -2.5% | |
| Q2 2022 | +3.5% | +3.5% | -0.3% | |
| Q1 2022 | -0.5% | -3.8% | +1.8% | |
| Q4 2021 | -0.7% | +1.3% | -4.7% | |
| Q3 2021 | -6.8% | -4.3% | -14.0% | |
| Q2 2021 | +1.8% | +3.8% | +10.6% | |
| Q1 2021 | -8.1% | -8.0% | -4.5% | |
| Q4 2020 | +1.7% | -3.7% | +1.3% | |
| Q3 2020 | -4.0% | +3.7% | +16.7% | |
| Q2 2020 | +1.7% | +3.4% | +12.1% | |
| Q1 2020 | +5.9% | +0.0% | +45.5% | |
| Q4 2019 | +3.0% | +1.1% | -9.4% | |
| Q3 2019 | +2.8% | +3.0% | +2.5% | |
| Q2 2019 | +3.2% | -3.0% | -5.1% | |
| Q1 2019 | +3.6% | +5.3% | -0.9% | |
| Q4 2018 | +2.0% | +1.0% | +13.6% | |
| Q3 2018 | -0.9% | -2.8% | -4.8% | |
| Q2 2018 | +9.7% | +10.7% | +11.1% | |
| Q1 2018 | -3.9% | -4.2% | -0.7% | |
| Q4 2017 | +3.2% | +4.0% | -5.3% | |
| Q3 2017 | +5.4% | +4.5% | +9.8% | |
| Q2 2017 | +0.6% | -1.4% | -4.4% | |
| Q1 2017 | -1.6% | -0.5% | -3.0% | |
| Q4 2016 | +2.1% | +1.0% | +4.4% | |
| Q3 2016 | +6.7% | +7.3% | +13.7% | |
| Q2 2016 | +7.2% | +8.5% | +23.4% | |
| Q1 2016 | -4.5% | — | — | |
| Q4 2015 | -13.7% | — | — | |
| Q3 2015 | +2.2% | — | — | |
| Q2 2015 | -2.4% | — | — | |
| Q1 2015 | +2.1% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +6.0% | — | — | |
| Q2 2014 | -7.2% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | -7.6% | — | — | |
| Q3 2013 | +12.9% | — | — | |
| Q2 2013 | +12.3% | — | — | |
| Q1 2013 | -6.6% | — | — | |
| Q4 2012 | +35.4% | — | — | |
| Q3 2012 | -3.0% | — | — | |
| Q2 2012 | -65.7% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q4 2011 | -2.0% | — | — | |
| Q3 2011 | -11.0% | — | — | |
| Q2 2011 | +9.0% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2008 | -3.4% | — | — | |
| Q4 2010 | -3.4% | — | — | |
| Q3 2010 | -2.4% | — | — | |
| Q3 2009 | -2.4% | — | — | |
| Q4 2009 | -1.6% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q2 2009 | -1.6% | — | — |
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