NYSE$MTG
MGIC Investment Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
MGIC reported strong financial results driven by high-quality insurance in force, a strong housing market, decreasing delinquencies, and improving economic conditions.
MGIC Investment Corporation reported a net income of $158.0 million, or $0.46 per diluted share, for the third quarter of 2021. Adjusted net operating income was $157.1 million, or $0.46 per diluted share.
- New insurance written was $28.7 billion, reflecting a decrease in the refinance market.
- Insurance in force increased by 2.4% during the quarter and 12.3% compared to the prior year.
- The loss ratio for the third quarter of 2021 was 8.1%, compared to 15.9% for the third quarter of 2020.
- The underwriting expense ratio associated with insurance operations for the third quarter of 2021 was 21.9%.
Headline financials
Revenue & EPS history
MGIC · Revenue · Quarterly
$296M
Forward guidance
MGIC did not provide specific forward guidance in this earnings report. The report highlights the company's strong capital position and confidence in its business model, as evidenced by share repurchases and dividend payments.
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 Q3 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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