MGIC Q3 Net Income Falls to $175 Million as Credit Costs Rise
MGIC Investment Corporation reported on November 4, 2026 that third-quarter net income fell to $175.0 million from $191.1 million in the third quarter of 2025, while diluted earnings per share rose to $0.85 from $0.83. Diluted weighted-average shares declined to 205.421 million from 231.376 million, allowing per-share earnings to increase despite the lower total profit. Adjusted net operating income was $174.7 million, compared with $190.8 million in the prior-year quarter. MGIC defines the…