Mgic Investment Corp

The strength of our capital position was again demonstrated during the quarter as we returned $212 million of capital to our shareholders through a combination of share repurchases and dividends.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Our capital position further supports the 15% increase in our common stock dividend that was announced last week, concluded Mattke.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

We repurchased 7.1 million shares of our common stock for $180.7 million.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

We paid a dividend of $0.13 per common share to shareholders during the second quarter of 2025.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

MGIC paid a $400 million dividend to our holding company.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

In April 2025, our board of directors approved an additional share repurchase program, authorizing us to purchase up to $750 million of common stock prior to December 31, 2027.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Federal agencies were previously directed to increase their focus and funding of housing initiatives for minority and low-income borrowers.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

See our risk factor titled Changes in the business practices of Fannie Mae and Freddie Mac ( the GSEs ), federal legislation that changes their charters or a restructuring of the GSEs could reduce our revenues or increase our losses for a discussion of various business practices of the GSEs that may be changed, including through expansion or modification of these programs.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

2026 Business Strategies Our business strategies are to 1) maximize the value we create through our mortgage credit enhancement activities; 2) differentiate ourselves through our customer experience; 3) advance our competitive advantage through our digital and analytical capabilities; 4) excel at acquiring, managing and distributing mortgage credit risk and the related capital; 5) maintain financial strength through economic cycles; and 6) foster an environment that attracts and retains the best talent and positions our people to succeed.

SEC original ↗Mgic Investment Corp — 10-K Annual report10-KFeb 25, 2026

2025 Accomplishments Following are several of our 2025 accomplishments that furthered our business strategies.

SEC original ↗Mgic Investment Corp — 10-K Annual report10-KFeb 25, 2026

In assigning financial strength ratings, in addition to considering the adequacy of the mortgage insurer s capital to withstand very high claim scenarios under assumptions determined by the rating agency, we believe rating agencies review a mortgage insurer s historical and projected operating performance, franchise risk, business outlook, competitive position, management, corporate strategy, enterprise risk management and other factors.

SEC original ↗Mgic Investment Corp — 10-K Annual report10-KFeb 25, 2026

Risk Factors Relating to Global Events Wars and or other global events may adversely affect the U.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

If we are required to hold more capital relative to our insured loans it could adversely affect our business and results of operations, or prohibit or delay us from taking actions that would be advantageous to our investors.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Because loss reserve estimates are subject to uncertainties, paid claims may be substantially different than our loss reserves.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

The establishment of loss reserves is subject to inherent uncertainty and requires significant judgment by management.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Mortgage insurers, including MGIC, have in the past been involved in litigation and regulatory actions related to alleged violations of the anti-referral fee provisions of the Real Estate Settlement Procedures Act ( RESPA ), and the notice provisions of the Fair Credit Reporting Act ( FCRA ).

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025

Our failure to meet the standards set forth in the applicable contracts or regulations would subject us to potential litigation or regulatory action.

SEC original ↗Mgic Investment Corp — Earnings release (8-K exhibit)EX-99Jul 30, 2025