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MGIC Investment (MTG) Financials

MGIC Investment logo
$25.88 -0.04 (-0.14%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$25.90 +0.03 (+0.12%)
As of 05/15/2026 04:44 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for MGIC Investment

Annual Income Statements for MGIC Investment

This table shows MGIC Investment's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,172 343 356 670 674 446 635 865 713 763 738
Consolidated Net Income / (Loss)		 1,172 343 356 670 674 446 635 865 713 763 738
Net Income / (Loss) Continuing Operations		 1,172 343 356 670 674 446 635 865 713 763 738
Total Pre-Tax Income 		488 515 784 844 848 559 802 1,090 902 969 929
Total Revenue		 972 915 1,009 1,071 1,161 1,113 1,072 1,092 1,118 1,172 1,178
Net Interest Income / (Expense)		 -69 -57 -57 -53 -53 -60 -71 -48 -37 -36 -36
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 69 57 57 53 53 60 71 48 37 36 36
Long-Term Debt Interest Expense		 69 57 57 53 53 60 71 48 37 36 36
Total Non-Interest Income		 1,041 972 1,066 1,124 1,214 1,172 1,143 1,140 1,155 1,208 1,213
Other Service Charges		 13 18 10 8.71 11 10 8.96 5.64 1.95 2.13 1.23
Net Realized & Unrealized Capital Gains on Investments		 132 29 121 140 172 140 120 127 201 235 246
Premiums Earned		 896 925 935 975 1,031 1,022 1,014 1,007 953 971 966
Total Non-Interest Expense		 484 401 224 227 313 554 276 -5.50 216 203 249
Property & Liability Insurance Claims		 320 240 54 37 119 365 65 -255 -21 -15 49
Insurance Policy Acquisition Costs		 156 151 160 178 183 176 198 237 226 209 193
Amortization Expense		 8.79 9.65 11 12 12 12 13 12 11 8.96 7.12
Income Tax Expense		 -684 172 429 174 174 113 167 225 189 206 190
Basic Earnings per Share		 $3.45 $1.00 $0.98 $1.83 $1.91 $1.31 $1.90 $2.83 $2.51 $2.92 $3.17
Weighted Average Basic Shares Outstanding		 339.55M 342.89M 362.38M 365.41M 352.83M 339.95M 334.33M 305.85M 283.61M 261.68M 232.98M
Diluted Earnings per Share		 $2.60 $0.86 $0.95 $1.78 $1.85 $1.29 $1.85 $2.79 $2.49 $2.89 $3.14
Weighted Average Diluted Shares Outstanding		 468.04M 431.99M 394.77M 386.08M 373.92M 359.29M 351.31M 311.23M 287.16M 264.00M 235.10M
Weighted Average Basic & Diluted Shares Outstanding		 339.70M 342.50M 363M 355.64M 345.85M 338.78M 315.61M 290.43M 269.67M 242.71M 214.95M
Cash Dividends to Common per Share		 $0.00 $0.00 $0.00 - - $0.06 $0.14 - - $0.25 $0.56

Quarterly Income Statements for MGIC Investment

This table shows MGIC Investment's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 183 185 174 204 200 185 185 192 191 169 165
Consolidated Net Income / (Loss)		 183 185 174 204 200 185 185 192 191 169 165
Net Income / (Loss) Continuing Operations		 183 185 174 204 200 185 185 192 191 169 165
Total Pre-Tax Income 		234 230 220 260 254 235 235 246 235 213 207
Total Revenue		 288 274 285 297 297 293 306 297 295 289 297
Net Interest Income / (Expense)		 -9.25 -8.90 -8.90 -8.90 -8.91 -8.90 -8.90 -8.90 -8.91 -8.90 -8.90
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 9.25 8.90 8.90 8.90 8.91 8.90 8.90 8.90 8.91 8.90 8.90
Long-Term Debt Interest Expense		 9.25 8.90 8.90 8.90 8.91 8.90 8.90 8.90 8.91 8.90 8.90
Total Non-Interest Income		 297 283 294 306 306 302 305 306 304 298 297
Other Service Charges		 0.55 0.47 0.48 0.55 0.63 0.47 0.33 0.35 0.38 0.16 0.14
Net Realized & Unrealized Capital Gains on Investments		 55 56 51 61 62 60 61 61 62 62 62
Premiums Earned		 241 226 243 244 243 241 244 244 242 236 235
Total Non-Interest Expense		 53 45 66 37 43 58 63 49 61 77 81
Property & Liability Insurance Claims		 -0.08 -9.53 4.56 -18 -9.84 8.70 9.59 -2.84 11 31 33
Insurance Policy Acquisition Costs		 50 52 59 53 51 47 51 50 48 44 47
Amortization Expense		 2.80 2.93 2.01 2.15 2.32 2.48 1.66 1.74 1.83 1.90 1.22
Income Tax Expense		 52 45 46 56 54 50 49 54 44 43 42
Basic Earnings per Share		 $0.65 $0.66 $0.64 $0.77 $0.77 $0.74 $0.76 $0.81 $0.83 $0.77 $0.76
Weighted Average Basic Shares Outstanding		 281.76M 283.61M 270.31M 265.32M 258.60M 261.68M 244.15M 236.33M 229.31M 232.98M 216.14M
Diluted Earnings per Share		 $0.64 $0.66 $0.64 $0.77 $0.77 $0.71 $0.75 $0.81 $0.83 $0.75 $0.76
Weighted Average Diluted Shares Outstanding		 285.60M 287.16M 273.11M 266.87M 260.83M 264.00M 246.49M 237.97M 231.38M 235.10M 218.19M
Weighted Average Basic & Diluted Shares Outstanding		 554.62M 269.67M 533.17M 259.23M 253.37M 242.71M 237.44M 230.52M 223.74M 214.95M 211.49M
Cash Dividends to Common per Share		 - - $0.12 - $0.13 - $0.13 - $0.15 - $0.15

Annual Cash Flow Statements for MGIC Investment

This table details how cash moves in and out of MGIC Investment's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -17 -26 -56 55 14 128 8.28 28 38 -136 141
Net Cash From Operating Activities		 161 225 407 545 610 732 696 650 713 725 853
Net Cash From Continuing Operating Activities		 161 225 407 545 610 732 696 650 713 725 853
Net Income / (Loss) Continuing Operations		 1,172 343 356 670 674 446 635 865 713 763 738
Consolidated Net Income / (Loss)		 1,172 343 356 670 674 446 635 865 713 763 738
Depreciation Expense		 53 61 64 58 49 58 66 54 35 18 6.95
Non-Cash Adjustments to Reconcile Net Income		 -28 82 -0.17 15 -5.31 28 48 72 46 41 24
Changes in Operating Assets and Liabilities, net		 -1,035 -261 -13 -199 -108 200 -53 -342 -81 -98 83
Net Cash From Investing Activities		 -97 -93 -304 -318 -422 -773 -161 410 -179 -142 228
Net Cash From Continuing Investing Activities		 -97 -93 -304 -318 -422 -773 -161 410 -179 -142 228
Purchase of Property, Leasehold Improvements and Equipment		 -4.63 -11 -16 -14 -5.64 -3.31 -4.12 -3.25 -2.00 -1.17 -1.03
Purchase of Investment Securities		 -2,465 -1,364 -1,294 -1,459 -1,394 -2,637 -1,531 -674 -1,470 -1,556 -1,621
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - 0.00 0.00 2.34 0.00 0.00
Sale and/or Maturity of Investments		 2,356 1,281 1,006 1,156 978 1,868 1,374 1,088 1,290 1,415 1,851
Net Cash From Financing Activities		 -81 -157 -159 -172 -173 168 -527 -1,033 -496 -719 -940
Net Cash From Continuing Financing Activities		 -81 -157 -159 -172 -173 168 -527 -1,033 -496 -719 -940
Repayment of Debt		 -74 -578 -302 0.00 0.00 -243 -136 -526 -29 0.00 0.00
Repurchase of Common Equity		 0.00 -147 0.00 -163 -126 -120 -291 -386 -337 -569 -789
Payment of Dividends		 - - 0.00 0.00 -42 -82 -94 -111 -123 -131 -132
Other Financing Activities, Net		 -7.24 -5.03 -6.82 -8.13 -5.73 -24 -6.73 -10 -7.26 -19 -19

Quarterly Cash Flow Statements for MGIC Investment

This table details how cash moves in and out of MGIC Investment's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -42 96 69 -152 12 -65 -22 86 -27 104 -126
Net Cash From Operating Activities		 170 186 191 169 183 182 224 183 215 231 77
Net Cash From Continuing Operating Activities		 170 186 191 169 183 182 224 183 215 231 77
Net Income / (Loss) Continuing Operations		 183 185 174 204 200 185 185 192 191 169 165
Consolidated Net Income / (Loss)		 183 185 174 204 200 185 185 192 191 169 165
Depreciation Expense		 9.63 6.23 6.49 4.48 3.43 4.03 2.69 2.53 0.90 0.82 -0.08
Non-Cash Adjustments to Reconcile Net Income		 4.16 12 26 5.83 4.21 5.38 17 2.22 17 -12 14
Changes in Operating Assets and Liabilities, net		 -27 -17 -16 -45 -25 -12 18 -14 6.33 73 -102
Net Cash From Investing Activities		 -84 62 26 -134 -14 -20 32 120 -20 96 47
Net Cash From Continuing Investing Activities		 -84 62 26 -134 -14 -20 32 120 -20 96 47
Purchase of Property, Leasehold Improvements and Equipment		 -0.78 -0.54 0.00 -0.28 -0.38 -0.51 -0.13 -0.02 -0.28 -0.60 -0.18
Purchase of Investment Securities		 -389 -249 -328 -410 -377 -441 -456 -315 -485 -366 -430
Sale and/or Maturity of Investments		 306 309 354 276 363 422 488 436 465 462 477
Net Cash From Financing Activities		 -128 -152 -148 -187 -157 -228 -278 -217 -223 -223 -250
Net Cash From Continuing Financing Activities		 -128 -152 -148 -187 -157 -228 -278 -217 -223 -223 -250
Repurchase of Common Equity		 -67 -120 -95 -156 -124 -195 -225 -186 -188 -189 -192
Payment of Dividends		 -32 -32 -33 -31 -34 -33 -34 -31 -34 -33 -35
Other Financing Activities, Net		 -0.05 -0.01 -19 - - -0.02 -19 -0.03 -0.25 - -22

Annual Balance Sheets for MGIC Investment

This table presents MGIC Investment's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 5,868 5,735 5,619 5,678 6,230 7,355 7,325 6,214 6,538 6,547 6,639
Cash and Due from Banks		 181 155 100 152 162 288 285 327 364 229 369
Restricted Cash		 - - 0.00 3.15 7.21 8.73 20 5.53 6.98 5.14 6.53
Trading Account Securities		 4,663 4,692 4,991 5,156 5,755 6,680 6,604 5,424 5,738 5,866 5,807
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 40 44 46 48 50 50 52 55 59 61 58
Premises and Equipment, Net		 30 36 45 52 50 47 46 41 39 36 32
Unearned Premiums Asset		 48 52 54 55 56 56 57 58 58 58 58
Deferred Acquisition Cost		 15 18 19 18 19 22 22 19 15 12 8.38
Other Assets		 890 736 365 194 131 203 241 283 259 280 300
Total Liabilities & Shareholders' Equity		 5,868 5,735 5,619 5,678 6,230 7,355 7,325 6,214 6,538 6,547 6,639
Total Liabilities		 3,632 3,186 2,465 2,096 1,920 2,656 2,464 1,571 1,466 1,375 1,492
Long-Term Debt		 1,212 1,179 830 832 833 1,243 1,147 663 643 645 646
Claims and Claim Expense		 1,893 1,439 986 674 555 881 884 558 505 463 475
Unearned Premiums Liability		 280 330 393 410 380 287 242 195 158 120 93
Other Long-Term Liabilities		 247 238 256 180 152 245 192 155 160 147 278
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2,236 2,549 3,155 3,582 4,309 4,699 4,861 4,643 5,072 5,172 5,148
Total Preferred & Common Equity		 2,236 2,549 3,155 3,582 4,309 4,699 4,861 4,643 5,072 5,172 5,148
Total Common Equity		 2,236 2,549 3,155 3,582 4,309 4,699 4,861 4,643 5,072 5,172 5,148
Common Stock		 2,010 2,142 2,221 2,234 2,241 2,233 2,166 2,170 2,179 2,057 2,032
Retained Earnings		 290 633 977 1,647 2,279 2,642 3,251 4,004 4,593 3,404 3,250
Accumulated Other Comprehensive Income / (Loss)		 -61 -75 -44 -124 73 217 120 -482 -316 -288 -134

Quarterly Balance Sheets for MGIC Investment

This table presents MGIC Investment's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 6,154 6,352 6,353 6,332 6,535 6,524 6,678 6,535 6,542 6,626 6,417
Cash and Due from Banks		 242 358 311 267 431 282 289 207 295 267 235
Restricted Cash		 7.78 8.36 6.00 8.58 8.22 6.02 11 5.71 4.02 4.89 14
Trading Account Securities		 5,415 5,579 5,617 5,595 5,687 5,805 5,979 5,900 5,817 5,884 5,718
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 53 55 55 58 58 60 59 59 59 57 57
Premises and Equipment, Net		 44 41 40 39 38 37 36 34 33 33 32
Unearned Premiums Asset		 58 57 57 58 56 57 58 56 57 57 68
Deferred Acquisition Cost		 20 18 17 16 14 13 13 11 10 9.39 7.96
Other Assets		 315 237 250 290 243 265 233 262 266 315 284
Total Liabilities & Shareholders' Equity		 6,154 6,352 6,353 6,332 6,535 6,524 6,678 6,535 6,542 6,626 6,417
Total Liabilities		 1,614 1,575 1,509 1,477 1,433 1,407 1,384 1,395 1,387 1,453 1,379
Long-Term Debt		 663 663 664 643 644 644 644 645 645 646 647
Claims and Claim Expense		 603 559 531 526 504 478 461 465 452 452 499
Unearned Premiums Liability		 208 183 172 165 149 139 130 112 105 99 93
Other Long-Term Liabilities		 140 169 143 144 136 147 149 173 185 256 141
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,540 4,778 4,844 4,855 5,102 5,117 5,294 5,140 5,155 5,173 5,037
Total Preferred & Common Equity		 4,540 4,778 4,844 4,855 5,102 5,117 5,294 5,140 5,155 5,173 5,037
Total Common Equity		 4,540 4,778 4,844 4,855 5,102 5,117 5,294 5,140 5,155 5,173 5,037
Common Stock		 2,163 2,163 2,171 2,171 2,159 2,167 2,173 2,037 2,034 2,033 2,009
Retained Earnings		 3,843 4,129 4,291 4,441 4,735 4,908 5,074 3,340 3,326 3,299 3,196
Accumulated Other Comprehensive Income / (Loss)		 -496 -395 -425 -497 -326 -333 -204 -236 -205 -159 -167

Annual Metrics And Ratios for MGIC Investment

This table displays calculated financial ratios and metrics derived from MGIC Investment's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.45 $1.00 $0.98 $1.83 $1.91 $1.31 $1.90 $2.83 $2.51 $2.92 $3.17
Adjusted Weighted Average Basic Shares Outstanding		 339.55M 342.89M 362.38M 365.41M 352.83M 339.95M 334.33M 305.85M 283.61M 261.68M 232.98M
Adjusted Diluted Earnings per Share		 $2.60 $0.86 $0.95 $1.78 $1.85 $1.29 $1.85 $2.79 $2.49 $2.89 $3.14
Adjusted Weighted Average Diluted Shares Outstanding		 468.04M 431.99M 394.77M 386.08M 373.92M 359.29M 351.31M 311.23M 287.16M 264.00M 235.10M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.91 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 340.01M 340.99M 370.86M 355.64M 345.85M 338.78M 315.61M 290.43M 269.67M 242.71M 214.95M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for MGIC Investment

This table displays calculated financial ratios and metrics derived from MGIC Investment's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 214,953,360.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 214,953,360.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.77
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.31% -5.23% 3.96% 5.46% 3.20% 6.74% 3.90% 0.04% -0.58% - -2.99%
EBITDA Growth		 -25.29% -8.96% 9.99% 5.18% 5.08% 1.56% 4.54% -5.49% -8.30% - -12.44%
EBIT Growth		 -25.19% -7.27% 12.41% 7.31% 7.92% 2.56% 6.39% -4.84% -7.42% - -11.43%
NOPAT Growth		 -26.75% -3.62% 12.65% 6.90% 9.37% 0.11% 6.53% -5.75% -4.44% - -10.87%
Net Income Growth		 -26.75% -3.62% 12.65% 6.90% 9.37% 0.11% 6.53% -5.75% -4.44% - -10.87%
EPS Growth		 -20.99% 3.13% 20.75% 16.67% 20.31% 7.58% 17.19% 5.19% 7.79% - 1.33%
Operating Cash Flow Growth		 39.02% 12.05% -10.25% 16.99% 7.72% -2.08% 17.38% 8.13% 17.78% - -65.62%
Free Cash Flow Firm Growth		 -109.58% -125.19% -150.50% -128.03% -115.11% 136.81% 211.80% 413.40% 229.11% - 81.93%
Invested Capital Growth		 5.67% 7.72% 5.61% 4.59% 8.02% 1.78% 0.68% 0.69% -2.02% - -1.75%
Revenue Q/Q Growth		 2.36% -4.72% 4.05% 3.92% 0.17% -1.45% 1.28% 0.06% -0.45% - 2.83%
EBITDA Q/Q Growth		 -2.72% -3.82% -3.83% 16.88% -2.81% -7.04% -1.01% 5.67% -5.70% - 1.40%
EBIT Q/Q Growth		 -3.01% -2.53% -4.05% 18.29% -2.46% -7.37% -0.46% 5.80% -5.10% - 1.83%
NOPAT Q/Q Growth		 -4.30% 0.91% -5.64% 17.31% -2.09% -7.64% 0.41% 3.79% -0.72% - -2.37%
Net Income Q/Q Growth		 -4.30% 0.91% -5.64% 17.31% -2.09% -7.64% 0.41% 3.79% -0.72% - -2.37%
EPS Q/Q Growth		 -3.03% 3.13% -3.03% 20.31% 0.00% -7.79% 5.63% 8.00% 2.47% - 1.33%
Operating Cash Flow Q/Q Growth		 17.35% 9.71% 2.30% -11.18% 8.06% -0.27% 22.63% -18.18% 17.71% - -66.67%
Free Cash Flow Firm Q/Q Growth		 -164.29% -101.08% 41.82% 62.73% -393.43% 134.40% 76.72% 4.47% 103.28% - 38.29%
Invested Capital Q/Q Growth		 -0.19% 3.96% 0.54% 0.26% 3.08% -2.04% -0.55% 0.27% 0.31% - -1.90%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 84.99% 85.79% 79.30% 89.19% 86.53% 81.63% 79.78% 84.26% 79.81% - 72.59%
EBIT Margin		 81.64% 83.52% 77.03% 87.68% 85.38% 80.25% 78.88% 83.40% 79.51% - 72.62%
Profit (Net Income) Margin		 63.50% 67.25% 60.99% 68.84% 67.29% 63.07% 62.53% 64.86% 64.68% - 55.64%
Tax Burden Percent		 78.01% 80.27% 79.18% 78.60% 78.64% 78.69% 79.03% 78.22% 81.30% - 79.92%
Interest Burden Percent		 99.70% 100.30% 100.00% 99.89% 100.23% 99.87% 100.32% 99.42% 100.07% - 95.87%
Effective Tax Rate		 21.99% 19.73% 20.82% 21.40% 21.36% 21.31% 20.97% 21.78% 18.70% - 20.08%
Return on Invested Capital (ROIC)		 13.45% 13.65% 12.31% 13.98% 13.58% 12.82% 12.83% 13.28% 13.00% - 11.34%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.45% 13.65% 12.31% 13.98% 13.58% 12.82% 12.83% 13.28% 13.00% - 11.34%
Return on Net Nonoperating Assets (RNNOA)		 1.87% 1.83% 1.63% 1.84% 1.72% 1.61% 1.61% 1.67% 1.60% - 1.44%
Return on Equity (ROE)		 15.32% 15.48% 13.94% 15.82% 15.30% 14.43% 14.45% 14.94% 14.60% - 12.78%
Cash Return on Invested Capital (CROIC)		 7.95% 5.50% 7.64% 8.74% 5.63% 11.47% 12.75% 12.51% 14.86% - 14.29%
Operating Return on Assets (OROA)		 14.82% 14.65% 13.50% 15.58% 15.14% 14.38% 14.28% 15.11% 14.12% - 13.10%
Return on Assets (ROA)		 11.53% 11.79% 10.69% 12.24% 11.93% 11.30% 11.32% 11.75% 11.49% - 10.04%
Return on Common Equity (ROCE)		 15.32% 15.48% 13.94% 15.82% 15.30% 14.43% 14.45% 14.94% 14.60% - 12.78%
Return on Equity Simple (ROE_SIMPLE)		 14.83% 0.00% 14.36% 14.57% 14.41% 0.00% 15.07% 14.79% 14.57% - 14.26%
Net Operating Profit after Tax (NOPAT)		 183 185 174 204 200 185 185 192 191 - 165
NOPAT Margin		 63.50% 67.25% 60.99% 68.84% 67.29% 63.07% 62.53% 64.86% 64.68% - 55.64%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 18.36% 16.48% 22.97% 12.32% 14.62% 19.75% 21.12% 16.60% 20.49% - 27.38%
Earnings before Interest and Taxes (EBIT)		 235 229 220 260 254 235 234 248 235 - 216
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 245 235 226 265 257 239 237 250 236 - 216
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.95 1.03 1.20 1.12 1.25 1.16 1.17 1.28 1.26 - 1.12
Price to Tangible Book Value (P/TBV)		 0.95 1.03 1.20 1.12 1.25 1.16 1.17 1.28 1.26 - 1.12
Price to Revenue (P/Rev)		 4.06 4.65 5.43 4.99 5.75 5.10 5.08 5.59 5.53 - 4.83
Price to Earnings (P/E)		 6.39 7.30 8.37 7.66 8.70 7.83 7.77 8.67 8.68 - 7.86
Dividend Yield		 2.55% 2.29% 2.01% 2.15% 1.86% 2.08% 2.04% 1.87% 1.90% - 2.21%
Earnings Yield		 15.64% 13.70% 11.94% 13.05% 11.49% 12.77% 12.88% 11.54% 11.53% - 12.73%
Enterprise Value to Invested Capital (EV/IC)		 0.90 0.96 1.10 1.05 1.18 1.10 1.11 1.20 1.19 - 1.06
Enterprise Value to Revenue (EV/Rev)		 4.39 4.90 5.61 5.30 6.05 5.45 5.45 5.88 5.85 - 5.17
Enterprise Value to EBITDA (EV/EBITDA)		 5.17 5.84 6.61 6.25 7.10 6.47 6.46 7.08 7.19 - 6.68
Enterprise Value to EBIT (EV/EBIT)		 5.40 6.07 6.84 6.43 7.25 6.59 6.56 7.17 7.27 - 6.71
Enterprise Value to NOPAT (EV/NOPAT)		 6.90 7.68 8.65 8.14 9.15 8.37 8.33 9.12 9.17 - 8.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.17 7.68 9.17 8.48 9.58 8.81 8.50 9.01 8.59 - 8.55
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.69 18.06 14.83 12.32 21.68 9.66 8.77 9.62 7.91 - 7.37
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.13 0.13 0.13 0.13 0.12 0.12 0.13 0.13 0.12 - 0.13
Long-Term Debt to Equity		 0.13 0.13 0.13 0.13 0.12 0.12 0.13 0.13 0.12 - 0.13
Financial Leverage		 0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.12 - 0.13
Leverage Ratio		 1.33 1.31 1.30 1.29 1.28 1.28 1.28 1.27 1.27 - 1.27
Compound Leverage Factor		 1.33 1.32 1.30 1.29 1.28 1.28 1.28 1.26 1.27 - 1.22
Debt to Total Capital		 11.69% 11.25% 11.20% 11.18% 10.85% 11.08% 11.15% 11.13% 11.10% - 11.37%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 11.69% 11.25% 11.20% 11.18% 10.85% 11.08% 11.15% 11.13% 11.10% - 11.37%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 88.31% 88.75% 88.80% 88.82% 89.15% 88.92% 88.85% 88.87% 88.90% - 88.63%
Debt to EBITDA		 0.67 0.69 0.67 0.66 0.66 0.65 0.65 0.66 0.67 - 0.71
Net Debt to EBITDA		 0.38 0.29 0.21 0.37 0.35 0.42 0.43 0.35 0.39 - 0.44
Long-Term Debt to EBITDA		 0.67 0.69 0.67 0.66 0.66 0.65 0.65 0.66 0.67 - 0.71
Debt to NOPAT		 0.89 0.90 0.88 0.86 0.84 0.84 0.83 0.85 0.86 - 0.90
Net Debt to NOPAT		 0.51 0.38 0.28 0.48 0.45 0.54 0.56 0.45 0.50 - 0.55
Long-Term Debt to NOPAT		 0.89 0.90 0.88 0.86 0.84 0.84 0.83 0.85 0.86 - 0.90
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -112 -225 -131 -49 -241 83 146 153 311 - 266
Operating Cash Flow to CapEx		 22,337.89% 0.00% 0.00% 60,658.78% 47,999.74% 35,482.10% 178,923.20% 914,965.00% 77,203.94% - 41,794.57%
Free Cash Flow to Firm to Interest Expense		 -12.10 -25.30 -14.72 -5.49 -27.05 9.31 16.46 17.19 34.92 - 29.94
Operating Cash Flow to Interest Expense		 18.35 20.93 21.41 19.02 20.54 20.49 25.13 20.56 24.19 - 8.64
Operating Cash Flow Less CapEx to Interest Expense		 18.26 21.11 21.41 18.99 20.49 20.44 25.12 20.56 24.15 - 8.62
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 - 0.18
Fixed Asset Turnover		 27.12 27.89 28.88 29.94 30.52 31.49 32.83 33.83 34.27 - 35.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,498 5,715 5,746 5,761 5,938 5,817 5,785 5,800 5,818 - 5,684
Invested Capital Turnover		 0.21 0.20 0.20 0.20 0.20 0.20 0.21 0.20 0.20 - 0.20
Increase / (Decrease) in Invested Capital		 295 410 305 253 441 102 39 39 -120 - -101
Enterprise Value (EV)		 4,970 5,476 6,337 6,069 6,981 6,386 6,447 6,957 6,914 - 6,040
Market Capitalization		 4,602 5,204 6,133 5,713 6,636 5,976 6,014 6,610 6,540 - 5,643
Book Value per Share		 $17.20 $18.29 $18.88 $19.19 $20.42 $20.41 $21.18 $21.71 $22.44 - $23.43
Tangible Book Value per Share		 $17.20 $18.29 $18.88 $19.19 $20.42 $20.41 $21.18 $21.71 $22.44 - $23.43
Total Capital		 5,498 5,715 5,746 5,761 5,938 5,817 5,785 5,800 5,818 - 5,684
Total Debt		 643 643 644 644 644 645 645 645 646 - 647
Total Long-Term Debt		 643 643 644 644 644 645 645 645 646 - 647
Net Debt		 368 273 204 356 345 410 432 347 374 - 397
Capital Expenditures (CapEx)		 0.76 -1.63 0.00 0.28 0.38 0.51 0.13 0.02 0.28 - 0.18
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 643 643 644 644 644 645 645 645 646 - 647
Total Depreciation and Amortization (D&A)		 9.63 6.23 6.49 4.48 3.43 4.03 2.69 2.53 0.90 - -0.08
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.65 $0.66 $0.64 $0.77 $0.77 $0.74 $0.76 $0.81 $0.83 $0.77 $0.76
Adjusted Weighted Average Basic Shares Outstanding		 281.76M 283.61M 270.31M 265.32M 258.60M 261.68M 244.15M 236.33M 229.31M 232.98M 216.14M
Adjusted Diluted Earnings per Share		 $0.64 $0.66 $0.64 $0.77 $0.77 $0.71 $0.75 $0.81 $0.83 $0.75 $0.76
Adjusted Weighted Average Diluted Shares Outstanding		 285.60M 287.16M 273.11M 266.87M 260.83M 264.00M 246.49M 237.97M 231.38M 235.10M 218.19M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 554.62M 269.67M 533.17M 259.23M 253.37M 242.71M 237.44M 230.52M 223.74M 214.95M 211.49M
Normalized Net Operating Profit after Tax (NOPAT)		 183 185 174 204 200 185 185 192 191 - 165
Normalized NOPAT Margin		 63.50% 67.25% 60.99% 68.84% 67.29% 63.07% 62.53% 64.86% 64.68% - 55.64%
Pre Tax Income Margin		 81.40% 83.78% 77.03% 87.59% 85.58% 80.15% 79.13% 82.92% 79.56% - 69.62%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 25.40 25.75 24.71 29.23 28.49 26.41 26.29 27.81 26.38 - 24.24
NOPAT to Interest Expense		 19.76 20.73 19.56 22.95 22.46 20.76 20.84 21.63 21.46 - 18.58
EBIT Less CapEx to Interest Expense		 25.32 25.93 24.71 29.20 28.45 26.35 26.27 27.81 26.34 - 24.22
NOPAT Less CapEx to Interest Expense		 19.68 20.91 19.56 22.92 22.41 20.70 20.83 21.63 21.43 - 18.55
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 16.79% 17.25% 17.23% 17.19% 16.96% 17.10% 16.93% 17.21% 17.51% - 18.62%
Augmented Payout Ratio		 58.35% 64.54% 65.86% 75.96% 81.89% 91.74% 107.26% 112.91% 122.87% - 123.87%

Financials Breakdown Chart

Key Financial Trends

MGIC Investment (NYSE: MTG) shows a pattern of solid cash generation and steady profitability across the last four years, with investment gains providing a meaningful earnings tailwind. While quarterly results can swing modestly, the company maintains a strong capital base and liquidity position. Below are the key points drawn from the quarterly income statements, cash flow statements, and balance sheets for the most recent four years.

  • Stable revenue and earnings power: 2025 quarters show total revenue around $296M and net income attributable to common shareholders generally in the $169M–$192M range, with basic/diluted EPS approximately $0.75–$0.83.
  • Strong cash flow from operations: Net cash from continuing operating activities ranged roughly from $183M (Q2 2025) to about $231M (Q4 2025) in 2025, signaling robust ongoing cash generation.
  • Investment gains provide a meaningful tailwind: Net realized and unrealized capital gains on investments run around $60M–$62M per quarter in 2025, contributing materially to earnings.
  • Solid balance sheet with ample equity: Total equity sits around $5.15B–$5.17B and total assets about $6.54B–$6.63B in 2025, indicating a strong capital base and liquidity cushion relative to liabilities.
  • Large investment portfolio supports liquidity: Trading account securities are typically about $5.7B–$5.9B, complemented by cash and cash equivalents near $0.27B, providing liquidity and market exposure for gains.
  • Steady shareholder returns: Quarterly cash dividends per share are around $0.13–$0.15, reflecting a stable approach to returning capital to investors.
  • Premiums earned are steady: Premiums earned generally sit in the $241–$244M range per quarter in 2025, contributing to a steady underwriting backdrop.
  • Interest margin is a modest headwind: Net interest income (expense) is consistently negative (roughly -$8M to -$9M per quarter), indicating interest expense slightly exceeds interest income in these periods.
  • Near-term profitability softened in Q4 2025: Net income to common shareholders declined to about $169.3M in Q4 2025 from $191.1M in Q3 2025, with EPS down toward $0.75.
  • Non-interest expenses rose in Q4 2025: Total Non-Interest Expense reached about $77.0M in Q4 2025, higher than most prior quarters and affecting margins.
05/17/26 01:20 PM ETAI Generated. May Contain Errors.

MGIC Investment Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MGIC Investment's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

MGIC Investment's net income were at $738.35 million at the end of 2025, a 3.2% decrease from 2024, and a 37.0% decrease since 2015. See MGIC Investment's forecast for analyst expectations on what's next for the company.

Over the last 10 years, MGIC Investment's total revenue changed from $971.85 million in 2015 to $1.18 billion in 2025, a change of 21.2%.

MGIC Investment's total liabilities were at $1.49 billion at the end of 2025, a 8.5% increase from 2024, and a 58.9% decrease since 2015.

In the past 10 years, MGIC Investment's cash and equivalents has ranged from $99.85 million in 2017 to $368.99 million in 2025, and is currently $368.99 million as of their latest financial filing in 2025.


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Financial statements for NYSE:MTG last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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