NMI (NasdaqGM:NMIH) Q4 2025 Earnings call February 10, 2026 05:00 PM ET Company ParticipantsAdam Pollitzer - President and CEOAurora Swithenbank - CFOBose George - Managing DirectorBrad Shuster - Executive ChairmanJohn Swenson - Vice President of Investor Relations and TreasuryConference Call ParticipantsMark Hughes - Research AnalystRick Shane - Director and Senior Equity Research AnalystTerry Ma - Senior Equity Research AnalystOperatorGood day and welcome to the NMI Holdings, Inc Fourth Quarter 2025 Earni ...

MGIC Investment (NYSE:MTG) Q4 2025 Earnings call February 03, 2026 10:00 AM ET Speaker6Good day, ladies and gentlemen, and thank you for standing by. Welcome to the MGIC Investment Corporation fourth quarter 2025 earnings call. At this time, all lines have been placed on mute to prevent any background noise. At the end of today's presentation, we'll have a question and answer session. If anyone should require to ask a question at this time, please press star one one on your telephone keypad. At this time, I ...

Financial Data and Key Metrics Changes - The company recorded net income of $191 million for the third quarter, with an annualized return on equity of 14.8%, demonstrating the durability of its business model [5] - Book value per share increased to $22.87, up 11% compared to the previous year [5] - The company returned $918 million of capital to shareholders through dividends and share repurchases, reducing outstanding shares by 12% [5][8] Business Line Data and Key Metrics Changes - The company achieved over $300 billion of insurance in force, marking a significant milestone [6] - New insurance written (NIW) was $16.5 billion, reflecting high-quality business with strong credit characteristics [6] Market Data and Key Metrics Changes - The in-force premium yield was 38.3 basis points, remaining relatively flat throughout the year [13] - Investment income for the quarter was $62 million, with a book yield on the investment portfolio at 4% [13] Company Strategy and Development Direction - The company maintains a strategy focused on operational excellence, disciplined execution, and sustainable long-term value for stakeholders [5] - The capital management strategy includes supporting prudent growth, maintaining a low to mid-teens debt to capital ratio, and ensuring a healthy liquidity buffer [7] Management's Comments on Operating Environment and Future Outlook - Management noted modest improvements in home affordability due to easing mortgage rates and a slow increase in purchase applications [17] - The company remains committed to working with industry stakeholders to make homeownership more accessible while protecting taxpayers from mortgage credit risk [17] Other Important Information - The company paid a $400 million dividend to the holding company, enhancing liquidity and financial flexibility [9] - Operating expenses decreased to $50 million from $53 million in the same quarter last year, with expectations to remain within the previously communicated range for the full year [14] Q&A Session Summary Question: Provision per loan on new notices - The provision for new notices was consistent with previous quarters, with a new notice claim rate of 7.5% [20] Question: Credit scores and PMIERS - The company is actively monitoring the situation regarding credit scores and is prepared to adapt to industry changes [21] Question: Increased competition in the MI space - Management acknowledged awareness of potential new entrants but emphasized the challenges these entrants would face in meeting PMI requirements [23] Question: Capital return strategy - The company maintains a consistent approach to capital return, balancing dividends and share repurchases based on financial strength and market conditions [25][26] Question: Persistency trends and market opportunities - Persistency was viewed as flat, with recent upticks in refinance transactions noted; the company continuously evaluates market opportunities based on economic value [29][32]