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MGIC Investment Corp. MTG Excess of Loss Reinsurance Transactions — Ceded Premiums Earned

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Other financials

Income statement

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Revenue$297.1M-3.0%
Net income$165.3M-10.9%
EPS (diluted)$0.76+1.3%

Balance sheet

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Cash & equivalents$235.1M+13.6%
Total debt$155.0M
Total equity$5.0B-2.0%
Total assets$6.4B-1.8%

Cash flow

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Operating cash flow$76.9M-65.6%
CapEx$184.0K+47.2%
Free cash flow$76.7M-65.7%

Valuation

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Market cap$5.51B-6.1%

Profitability

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Net margin59.6%-3.9pp
FCF margin58.5%-3.5pp

Returns & leverage

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Return on equity14.1%-1.0pp
Debt / equity

Where this comes from

Reported directly by MGIC Investment Corp. in its filing.

Tagged under the XBRL concept us-gaap:CededPremiumsEarned.

The official record: MGIC Investment Corp.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGIC Investment Corp.'s excess of loss reinsurance transactions — ceded premiums earned?
MGIC Investment Corp. (MTG) reported excess of loss reinsurance transactions — ceded premiums earned of $17.78M in Q1 2026.
How has MGIC Investment Corp.'s excess of loss reinsurance transactions — ceded premiums earned changed year-over-year?
MGIC Investment Corp.'s excess of loss reinsurance transactions — ceded premiums earned increased by 20.8% year-over-year, from $14.72M to $17.78M.
What is the long-term trend for MGIC Investment Corp.'s excess of loss reinsurance transactions — ceded premiums earned?
Over 3 years (2022 to 2025), MGIC Investment Corp.'s excess of loss reinsurance transactions — ceded premiums earned has grown at a -4.4% compound annual growth rate (CAGR), from $69.94M to $61.17M.
What does excess of loss reinsurance transactions — ceded premiums earned mean?
This metric represents the portion of premiums earned that the primary insurer transfers to reinsurers under excess of loss agreements to mitigate exposure to large, catastrophic mortgage credit losses. By ceding these premiums, the company effectively shifts a portion of its underwriting risk to third-party reinsurers in exchange for capital relief and volatility protection. Monitoring this figure helps investors understand the company's risk retention strategy and the cost associated with managing tail-risk exposure within its mortgage insurance portfolio.