MILWAUKEE, Jan. 9, 2026 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2025 financial results after the market closes on Monday, February 2, 2026. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Tuesday, February 3, 2026, to discuss the Company's results for the quarter ended December 31, 2025. Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN ...

Core Viewpoint - Radian Group Inc. has received all necessary regulatory approvals for its acquisition of Inigo Limited, with the transaction expected to close in February 2026, pending customary closing conditions [1]. Group 1: Acquisition Details - The acquisition of Inigo Limited represents a strategic move for Radian, transitioning from a U.S. mortgage insurer to a global, diversified multi-line specialty insurer, enhancing product expertise and capital deployment [2]. - Post-acquisition, Inigo will function as a business unit of Radian while retaining its underwriting operations in London, combining Radian's financial strength and risk management with Inigo's market insights [3]. Group 2: Company Background - Radian Group Inc. is a leading U.S. private mortgage insurer, providing solutions to enhance access to affordable homeownership [4]. - Inigo Limited, established in 2020, operates through Lloyd's Syndicate 1301, underwriting a multi-class specialty insurance and reinsurance portfolio for major commercial and industrial clients [5].

Core Insights - Enact Holdings, Inc. (NASDAQ:ACT) is recognized as one of the 14 best up-and-coming dividend stocks to buy [1] - JPMorgan has maintained a neutral stance on Enact, reducing its price target from $40 to $39 following the company's Q3 update [2] Financial Performance - For Q3 2025, Enact reported total revenue of $311.4 million, a slight increase from $309.5 million year-over-year [3] - Premiums for the quarter were $244.6 million, down from $249 million in the same period last year [3] - The company held $339 million in cash and cash equivalents and $311 million in invested assets as of September 30, indicating stability in financial position [3] Insurance Metrics - New insurance written reached $14 billion for the quarter, reflecting a 6% increase from Q2 2025 and a 3% increase from Q3 2024 [4] - Monthly premium policies constituted 97% of the new insurance volume, while purchase originations accounted for 93% [4] - Primary insurance in force rose to $272 billion, compared to $270 billion in the previous quarter and $268 billion a year ago [4] Shareholder Returns - Enact emphasized its commitment to shareholder returns, distributing $31 million in dividends during the quarter [4] - The company continues to support lenders by backing mortgage loans, facilitating access to homeownership for more borrowers [5]

Core Insights - NMI Holdings (NMIH) is a provider of private mortgage insurance to home buyers in the US, with a focus on the dynamics of home prices and household incomes [1] Group 1: Market Conditions - Home prices were rising faster than household incomes, indicating a potential imbalance in the housing market [1] - Mortgage delinquency rates were a concern, reflecting the financial strain on homeowners [1] Group 2: Investment Philosophy - The financial markets are viewed as efficient, with most stocks reflecting their real current value [1] - The best investment opportunities are often found in stocks that are less widely followed or do not accurately reflect market opportunities [1]

Core Insights - Enact Holdings, Inc. reported strong financial results for Q3 2025, with a GAAP net income of $163 million, or $1.10 per diluted share, and an adjusted operating income of $166 million, or $1.12 per diluted share [1][4] - The company has increased its full-year capital return guidance to approximately $500 million, reflecting its strong performance and market conditions [1][7] Financial Performance - Net income decreased from $168 million in Q2 2025 and $181 million in Q3 2024 [4][3] - Adjusted operating income also saw a decline from $174 million in Q2 2025 and $182 million in Q3 2024 [4][3] - New insurance written (NIW) was $14 billion, a 6% increase from Q2 2025 and a 3% increase from Q3 2024 [4][3] - The primary insurance in-force (IIF) rose to $272 billion, a 2% year-over-year increase [1][7] Risk Management and Operational Efficiency - The company maintained a primary persistency rate of 83%, consistent with the previous quarter and year [4][3] - Losses incurred increased to $36 million with a loss ratio of 15%, compared to $25 million and 10% in Q2 2025, and $12 million and 5% in Q3 2024 [7][4] - Operating expenses remained stable at $53 million, with an expense ratio of 22% [7][4] Investment and Capital Management - Net investment income increased to $69 million, up from $66 million in Q2 2025 and $61 million in Q3 2024, driven by elevated interest rates [7][4] - The company repurchased approximately 2.8 million shares at an average price of $37.23, totaling around $105 million in the quarter [7][4] - PMIERs sufficiency was reported at 162%, approximately $1.9 billion above requirements [1][7] Future Outlook - The company is well-positioned for success in the evolving housing market, with a focus on disciplined execution and risk management [2][4] - Enact anticipates a total capital return of approximately $500 million for 2025, contingent on business performance and market conditions [7][4]

Financial Data and Key Metrics Changes - In Q3 2025, the company achieved record total revenue of $178.7 million, with GAAP net income of $96 million, translating to $1.22 per diluted share and a return on equity of 15.6% [10][12] - The company generated $13 billion of new insurance written (NIW) and ended the period with a record $218.4 billion of primary insurance in force, reflecting a 2% increase from Q2 and a 5% increase compared to Q3 2024 [10][12] - The expense ratio reached a record low of 19.3%, indicating significant operating leverage and efficient cost management [11][12] Business Line Data and Key Metrics Changes - The company reported net premiums earned of $151.3 million in Q3, up from $149.1 million in Q2 and $143.3 million in Q3 2024 [11] - Investment income for the quarter was $26.8 million, compared to $24.9 million in Q2 and $22.5 million in Q3 2024 [11] Market Data and Key Metrics Changes - The company noted a 12-month persistency rate of 83.9% in Q3, slightly down from 84.1% in Q2 [10] - The default rate at quarter end was 1.05%, with 7,093 defaults reported, an increase from 6,709 at the end of Q2 [11] Company Strategy and Development Direction - The company emphasized its commitment to providing low-cost down payment support and maintaining a high-quality insured portfolio, positioning itself to capitalize on long-term trends in the housing market [4][8] - The management highlighted the importance of maintaining a robust balance sheet and disciplined expense management to drive growth and shareholder value [7][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the macro environment and housing market, despite potential risks, and noted that the company is well-positioned for continued outperformance [6][8] - The management acknowledged the challenges of new market entrants but emphasized the strength and capacity of the existing players in the private mortgage insurance market [20][22] Other Important Information - The company repurchased $24.6 million of common stock during the quarter, retiring 628,000 shares at an average price of $39.13, with a total repurchase capacity of $256 million remaining [12][13] - Total cash and investments at quarter end were reported at $3.1 billion, with shareholders' equity at $2.5 billion and book value per share at $32.62, reflecting a 4% increase from Q2 and a 16% increase from Q3 2024 [12] Q&A Session Summary Question: Credit performance and new defaults - Management noted that new defaults increased by only 5% year-over-year, indicating a more stable credit environment, and attributed some of the increase to seasonal factors and portfolio seasoning [17][18] Question: Competitive environment and potential new entrants - Management acknowledged awareness of new market entrants but emphasized the challenges of establishing a private mortgage insurance business, suggesting that the current market is well-served by existing players [19][20][22] Question: Consumer strength and housing market observations - Management reported broad economic resilience, with low unemployment and cooling inflation, while noting potential weaknesses in certain housing markets, particularly in Florida and Texas [25][26][28] Question: Reinsurance market dynamics - Management indicated that the reinsurance market remains robust, with favorable pricing achieved, and discussed a preference for traditional reinsurance due to its forward coverage capabilities [29][31] Question: Core yield stability and persistency impacts - Management confirmed that core yield has remained stable at 34 basis points, with expectations for continued stability, while acknowledging potential impacts from refinancing activity [35][36] Question: Proactive strategies for capturing MI on refinanced loans - Management emphasized the importance of maintaining strong relationships with lenders and being present in the market to capture refinancing opportunities, rather than relying on specific strategies [42][43]

Core Insights - NMI Holdings, Inc. reported a net income of $96.0 million, or $1.22 per diluted share, for Q3 2025, showing slight changes compared to Q2 2025 and Q3 2024 [1][4]. Financial Performance - Net premiums earned increased to $151.3 million in Q3 2025 from $149.1 million in Q2 2025 and $143.3 million in Q3 2024, reflecting a 2% quarter-over-quarter (Q/Q) growth and a 6% year-over-year (Y/Y) growth [3][4]. - Total revenue for Q3 2025 was $178.7 million, up from $173.8 million in Q2 2025 and $166.1 million in Q3 2024 [4]. - Adjusted net income was $95.7 million, slightly down from $96.5 million in Q2 2025 but up from $92.8 million in Q3 2024 [4][3]. - The company’s book value per share (excluding net unrealized gains and losses) rose to $33.32, a 4% increase from Q2 2025 and a 16% increase from Q3 2024 [4][3]. Insurance Metrics - Primary insurance-in-force reached $218.4 billion, up 2% Q/Q and 5% Y/Y [3][4]. - New insurance written (NIW) was $13.0 billion, a 4% increase from Q2 2025 and a 6% increase from Q3 2024 [3][4]. - The loss ratio for Q3 2025 was 12.3%, compared to 9.0% in Q2 2025 and 7.2% in Q3 2024, indicating an increase in claims relative to premiums earned [4][3]. - The expense ratio improved to 19.3% from 19.8% in Q2 2025 and 20.3% in Q3 2024 [4][3]. Operational Highlights - The company maintains a robust balance sheet with total shareholders' equity of $2.5 billion at the end of Q3 2025 [4]. - Annualized return on equity for the quarter was 15.6%, down from 16.2% in Q2 2025 and 17.5% in Q3 2024 [4][3]. - The company’s CEO emphasized the importance of their products and services in the current market, highlighting strong operating performance and growth in their insured portfolio [2].

Core Insights - Essent Group Ltd. (NYSE:ESNT) is recognized among the 15 Dividend Growth Stocks with the highest growth rates [1] - Keefe Bruyette raised the price target for Essent Group from $67 to $71 while maintaining a Market Perform rating [3] - The company plays a crucial role in the US housing finance system by providing private mortgage insurance and is expanding into title insurance [2] Business Strategy - Essent Group focuses on maintaining strong partnerships with leading mortgage lenders and aligning with GSE regulations [4] - The company effectively manages credit risk through reinsurance and disciplined capital allocation [4] - Its broader strategy aims to preserve credit quality, enhance capital efficiency, and deliver solid returns to shareholders [4] Dividend Performance - Essent Group has increased its dividends for five consecutive years, with an average annual growth rate of nearly 14% [5] - The current quarterly dividend is $0.31 per share, resulting in a dividend yield of 2.04% as of October 30 [5]

Core Insights - MGIC Investment Corporation has elected Martin P. Klein and Daniela A. O'Leary-Gill to its Board of Directors, enhancing its governance and strategic oversight [1][2][3] Group 1: Board Appointments - Martin P. Klein will serve on the Risk Management and Securities Investment Committees, while Daniela A. O'Leary-Gill will be part of the Audit and Business Transformation and Technology Committees [1] - Klein has extensive experience, having served as Executive Vice President and CFO at Athene Holdings and Genworth Financial, and currently holds a position at Apollo Global Management [2] - O'Leary-Gill has over 25 years of leadership experience in finance and strategy, previously serving as COO for BMO U.S. and on the Board of Discover Financial Services [3] Group 2: Company Overview - MGIC Investment Corporation, through its subsidiary MGIC, provides private mortgage insurance to facilitate affordable low-down-payment mortgages, aiding families in achieving homeownership [3]

Core Points - MGIC Investment Corporation declared a quarterly cash dividend of $0.15 per share, payable on November 20, 2025, to shareholders of record as of November 6, 2025 [1] - MGIC, the principal subsidiary of MGIC Investment Corporation, provides private mortgage insurance to lenders across the United States, facilitating affordable low-down-payment mortgages for families [1] Financial Information - The company plans to release its third quarter 2025 financial results after the market closes on a specified date [3] - Moody's Ratings upgraded MGIC Investment Corporation's senior unsecured debt rating to Baa2 from Baa3, indicating improved creditworthiness [4]