Equity Profile

MTG

MGIC Investment Corporation

FinancialsCommercial & Residential Mortgage Finance$6.0B

Jul29Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

MGIC Investment Corporation (MTG) is a leading provider of mortgage insurance in the financial sector, focusing on both commercial and residential mortgage finance. As housing markets fluctuate, MGIC plays a crucial role in supporting homeownership and lending stability.

Key Metrics to Watch

EPS Growth

Earnings per share growth is vital for assessing profitability and investor confidence.

N/A

Mortgage Insurance Premiums

The volume of premiums collected indicates the company's market position and revenue potential.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MTG Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+12.93%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q1 2026, MGIC reported an EPS of $0.76, beating estimates by 3.68%. The stock saw a modest increase of 0.52% the following day, reflecting positive market sentiment.

Management Promises & Guidance

Continued focus on expanding market share in mortgage insurance.
Commitment to maintaining strong underwriting standards.
Plans to enhance technology for better customer service.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of MGIC's Q2 earnings, given the company's consistent EPS beats in recent quarters. However, uncertainty in the housing market could temper expectations.

Bull Case

If MGIC continues its trend of beating EPS estimates, it could signal strong operational performance and market resilience, potentially driving the stock higher.

Bear Case

Conversely, any signs of increased claims or a slowdown in premium growth could raise concerns about profitability and lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the trend in mortgage insurance premiums collected this quarter?

This will indicate the company's revenue growth potential and market demand for mortgage insurance.

How have claims paid changed compared to previous quarters?

An increase in claims could signal potential risks and impact profitability, which investors will closely monitor.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate MGIC's ability to grow premiums despite a challenging housing environment, as historical trends show resilience in their business model.

Supporting Evidence

MGIC has consistently beaten EPS estimates, indicating strong management performance.

The options market is pricing a larger move than historical averages, suggesting overreaction to potential risks.

Key Risk

If claims paid come in lower than expected, it could affirm MGIC's strong risk management and boost investor confidence.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing MGIC's ability to maintain profitability amid fluctuating housing market conditions.

Bull Confirmed If

A significant increase in mortgage insurance premiums collected, indicating strong demand and market share growth.

Bear Confirmed If

A notable rise in claims paid, suggesting increased risk exposure and potential profitability concerns.

Pre-Earnings Positioning

Options Market

Implied Move

±15.76%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move, suggesting heightened uncertainty or anticipation around the earnings report.

Options are pricing ±15.8% while MTG has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

32.3%

Calls (0)P/C Ratio: 1.00Puts (500)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MGIC beats expectations, history suggests the stock could rise, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to muted reactions as investors digest management's commentary on future outlook.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average move of around -1.07%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on mortgage insurance premium trends and market share.
2Management's outlook on claims and risk exposure.
3Any commentary on technological advancements and customer service improvements.
4Insights into competitive positioning within the mortgage insurance market.
5Discussion of macroeconomic factors impacting the housing market.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

EPS Growth

Earnings per share growth is vital for assessing profitability and investor confidence.

N/A

Mortgage Insurance Premiums

The volume of premiums collected indicates the company's market position and revenue potential.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

MTG Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+12.93%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q1 2026, MGIC reported an EPS of $0.76, beating estimates by 3.68%. The stock saw a modest increase of 0.52% the following day, reflecting positive market sentiment.

Management Promises & Guidance

Continued focus on expanding market share in mortgage insurance.
Commitment to maintaining strong underwriting standards.
Plans to enhance technology for better customer service.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of MGIC's Q2 earnings, given the company's consistent EPS beats in recent quarters. However, uncertainty in the housing market could temper expectations.

Bull Case

If MGIC continues its trend of beating EPS estimates, it could signal strong operational performance and market resilience, potentially driving the stock higher.

Bear Case

Conversely, any signs of increased claims or a slowdown in premium growth could raise concerns about profitability and lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the trend in mortgage insurance premiums collected this quarter?

This will indicate the company's revenue growth potential and market demand for mortgage insurance.

How have claims paid changed compared to previous quarters?

An increase in claims could signal potential risks and impact profitability, which investors will closely monitor.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may underestimate MGIC's ability to grow premiums despite a challenging housing environment, as historical trends show resilience in their business model.

Supporting Evidence

MGIC has consistently beaten EPS estimates, indicating strong management performance.

The options market is pricing a larger move than historical averages, suggesting overreaction to potential risks.

Key Risk

If claims paid come in lower than expected, it could affirm MGIC's strong risk management and boost investor confidence.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing MGIC's ability to maintain profitability amid fluctuating housing market conditions.

Bull Confirmed If

A significant increase in mortgage insurance premiums collected, indicating strong demand and market share growth.

Bear Confirmed If

A notable rise in claims paid, suggesting increased risk exposure and potential profitability concerns.

Pre-Earnings Positioning

Options Market

Implied Move

±15.76%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move, suggesting heightened uncertainty or anticipation around the earnings report.

Options are pricing ±15.8% while MTG has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

32.3%

Calls (0)P/C Ratio: 1.00Puts (500)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If MGIC beats expectations, history suggests the stock could rise, confirming strong operational performance.

In-Line / Cautious

An in-line report may lead to muted reactions as investors digest management's commentary on future outlook.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average move of around -1.07%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on mortgage insurance premium trends and market share.
2Management's outlook on claims and risk exposure.
3Any commentary on technological advancements and customer service improvements.
4Insights into competitive positioning within the mortgage insurance market.
5Discussion of macroeconomic factors impacting the housing market.