MGIC Investment Corporation announced that its board has approved an additional share‑repurchase program authorizing the company to buy up to $750 million of its common stock through privately negotiated, open‑market or other transactions until December 31 2028. The new authorization extends the previous $750 million program that expired on December 31 2027, demonstrating the company’s continued confidence in its cash‑flow generation and balance‑sheet strength.
The company also declared a quarterly cash dividend of $0.15 per share, payable on May 21 2026 to shareholders of record as of May 6 2026. This dividend represents a 15 % increase over the $0.13 per share paid in 2025 and continues MGIC’s seven‑year streak of dividend hikes, underscoring its commitment to returning excess cash to investors.
MGIC’s 2025 capital‑return program totaled $915 million, of which $800 million comprised dividends and share repurchases. The new buyback authorization and dividend increase build on that momentum, reinforcing the company’s strategy of providing multiple avenues for shareholder value creation while maintaining a robust capital position.
MGIC’s core business as a private mortgage insurer delivers stable, long‑term cash flows. With more than $303 billion of insurance in force and a strengthened balance sheet, the company has the liquidity to deploy capital through buybacks and dividends without compromising its underwriting and risk‑management objectives.
The extended buyback program signals management’s confidence in the company’s long‑term earnings trajectory and offers a mechanism to support the share price, while the dividend increase rewards investors and aligns with MGIC’s track record of consistent, growing returns. Together, these actions position the company to capitalize on favorable market conditions and maintain a resilient capital base as the mortgage‑insurance landscape evolves.
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