MGIC Investment Corporation (MTG) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the MGIC Investment Corporation fourth quarter 2025 earnings call. At this time, all lines have been placed on mute to prevent any background noise. At the end of today's presentation, we'll have a question and answer session. If anyone is required to ask a question at this time, please press star 1 1 on your telephone keypad. At this time, I would like to turn the conference over to Diana Higgins, head of investor relations. Please go ahead. Thank you, Howard. Good morning and welcome, everyone. Thank you for your interest in MGIC. Joining me on today's call to discuss our results for the fourth quarter are Tim Mackey, Chief Executive Officer, and Nathan Colson, Chief Financial Officer and Chief Risk Officer. Our press release, which contains MGIC's fourth quarter financial results, was issued yesterday and is available on our website at mtg.mgic.com under Newsroom includes additional information about our quarterly results that we will reference during today's call, as well as a reconciliation of non-GAAM financial measures to their most comparable GAAM measures. In addition, we posted a quarterly supplement on our website that provides details about our primary risk and force and other information you may find valuable. As a reminder, from time to time, we may post updates to our underwriting guidelines, additional presentations or corrections to past materials on our website. Before we get started today, I want to remind everyone that during today's call, we may make forward-looking statements regarding our expectations for the future. Actual results could differ materially from those expressed in these forward-looking statements. Additional information about the factors that could cause ac...