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MGIC Investment Corp. MTG Reinsurance recoverable on unpaid losses and loss expenses

Reinsurance recoverable on unpaid losses and loss expenses at other companies

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Other financials

Income statement

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Revenue$295.4M-2.9%
Net income$182.1M-5.4%
EPS (diluted)$0.86+6.2%

Balance sheet

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Cash & equivalents$207.3M-29.7%
Total debt$155.0M
Total equity$5.0B-2.7%
Total assets$6.5B-0.2%

Cash flow

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Operating cash flow$185.0M+1.1%
CapEx$473.0K+2,265%
Free cash flow$184.5M+0.8%

Valuation

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Market cap$6.21B-0.4%
P/E8.8×+0.6×
P/S5.2×+0.1×

Profitability

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Net margin59.2%-3.4pp
FCF margin59.1%-4.2pp

Returns & leverage

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Return on equity13.9%-0.9pp
Debt / equity

Where this comes from

Reported directly by MGIC Investment Corp. in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

The source filing: MGIC Investment Corp.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000876437-26-000028
(In thousands)NoteJune 30, 2026December 31, 2025
Cash and cash equivalents207,277368,989
Restricted cash and cash equivalents7,8196,525
Accrued investment income57,59458,009
Reinsurance recoverable on loss reserves776,14465,055
Reinsurance recoverable on paid losses75,4374,386
Premiums receivable69,69458,184
Home office and equipment, net31,60432,454
Deferred insurance policy acquisition costs7,4738,377

Item 1. Financial Statements

FAQ

What is MGIC Investment Corp.'s reinsurance recoverable on unpaid losses and loss expenses?
MGIC Investment Corp. (MTG) reported reinsurance recoverable on unpaid losses and loss expenses of $76.14M in Q2 2026.
How has MGIC Investment Corp.'s reinsurance recoverable on unpaid losses and loss expenses changed year-over-year?
MGIC Investment Corp.'s reinsurance recoverable on unpaid losses and loss expenses increased by 41.6% year-over-year, from $53.78M to $76.14M.
What is the long-term trend for MGIC Investment Corp.'s reinsurance recoverable on unpaid losses and loss expenses?
Over 5 years (2020 to 2025), MGIC Investment Corp.'s reinsurance recoverable on unpaid losses and loss expenses has grown at a -7.3% compound annual growth rate (CAGR), from $95.04M to $65.06M.
What does reinsurance recoverable on unpaid losses and loss expenses mean?
This represents the portion of estimated future insurance claims and adjustment expenses that the company expects to recover from its reinsurers. It is a critical indicator of the company's risk transfer strategy and the creditworthiness of its reinsurance partners. High levels of recoverables highlight the company's reliance on third-party risk mitigation for long-term liabilities.

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