MGIC Investment Corporation $(MTG)$ has reported its second quarter 2025 financial results, showcasing a net income of $192.5 million, or $0.81 per diluted share. This reflects an increase from the first quarter's net income of $185.5 million, or $0.75 per diluted share. The adjusted net operating income for the second quarter reached $194.0 million, or $0.82 per diluted share, compared to $185.2 million, or $0.75 per diluted share, in the previous quarter. The corporation's new insurance written (NIW) rose to $16.4 billion, significantly up from $10.2 billion in the first quarter of 2025. Meanwhile, the net premiums earned remained stable at $244.3 million, and the insurance in force increased to $297.0 billion from $293.8 billion. MGIC's capital position was reinforced as it returned $212 million to shareholders through share repurchases and dividends in the second quarter. A dividend of $0.15 per common share has been declared, payable on August 21, 2025. Additionally, MGIC executed two reinsurance transactions, providing substantial coverage on eligible NIW for 2025 and 2026. The company also announced an additional share repurchase program, authorizing purchases up to $750 million by the end of 2027.
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