SHARPE
Reported results
- GAAP net income for the quarter ended September 30, 2026 was $163.4 million or $1.82 per diluted share, compared to $164.2 million or $1.67 per diluted share for the quarter ended September 30, 2025.
- Mortgage new insurance written for the third quarter of 2026 was $12.1 billion, compared to $14.1 billion in the second quarter of 2026 and $12.2 billion in the third quarter of 2025.
- Mortgage insurance in force as of September 30, 2026 was $250.1 billion, compared to $249.7 billion as of June 30, 2026 and $248.8 billion as of September 30, 2025.
- Reinsurance net premiums written for the nine months ended September 30, 2026 were $330.3 million, compared to $49.3 million in the same period of 2025.
- Net investment income for the nine months ended September 30, 2026 was $183.8 million, up 4% from the comparable period in 2025.
- Non-GAAP Book Value Per Share Inclusive of Common Dividends as of September 30, 2026 was $63.94, representing 12-month growth of 8.6%.
Price and volatility reaction
The stock moved -7.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -12.5 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 68.6 | 2026-11-05 |
| Close after release | 63.41 | 2026-11-06 |
| Realised move | -7.6% | close to close |
| 30d ATM IV change | -12.5 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.