8-K Announcements
6Apr 29, 2026·SEC
Apr 23, 2026·SEC
Feb 2, 2026·SEC
MGIC Investment Corporation (MTG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MGIC Investment Corporation (MTG) stock price & volume — 10-year historical chart
MGIC Investment Corporation (MTG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
MGIC Investment Corporation (MTG) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.76vs $0.73+4.1% | $297Mvs $303M-2.0% |
| Q1 2026 | Feb 2, 2026 | $0.75vs $0.73+2.7% | $299Mvs $308M-3.1% |
| Q4 2025 | Oct 29, 2025 | $0.83vs $0.72+15.3% | $305Mvs $308M-1.2% |
| Q3 2025 | Jul 30, 2025 | $0.82vs $0.70+17.1% | $304Mvs $308M-1.3% |
MGIC Investment Corporation (MTG) competitors in Mortgage and Title Insurance — business model, growth, and fundamentals comparison
MGIC Investment Corporation (MTG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGIC Investment Corporation (MTG) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.07B | 1.12B | 1.21B | 1.2B | 1.19B | 1.17B | 1.16B | 1.21B | 1.21B | 1.2B |
| Revenue Growth % | 0.34% | 5.42% | 8.02% | -1.22% | -1.12% | -1.09% | -1.51% | 4.56% | 0.49% | -1.24% |
| Medical Costs & Claims | 64.82M | 48.49M | 130.58M | 377.15M | 77.18M | -242.2M | -10.04M | -5.9M | 61.91M | 77.35M |
| Medical Cost Ratio % | 6.08% | 4.31% | 10.76% | 31.45% | 6.51% | -20.65% | -0.87% | -0.49% | 5.1% | 6.42% |
| Gross Profit | 1B▲ 0% | 1.08B▲ 7.4% | 1.08B▲ 0.7% | 821.99M▼ 24.1% | 1.11B▲ 34.9% | 1.41B▲ 27.6% | 1.17B▼ 17.7% | 1.21B▲ 4.2% | 1.15B▼ 5.1% | 1.13B▲ 0% |
| Gross Margin % | 93.92% | 95.69% | 89.24% | 68.55% | 93.49% | 120.65% | 100.87% | 100.49% | 94.9% | 93.58% |
| Gross Profit Growth % | 23.2% | 7.4% | 0.75% | -24.13% | 34.85% | 27.65% | -17.66% | 4.16% | -5.1% | - |
| Operating Expenses | 216.74M | 231.2M | 235.42M | 262.73M | 306.72M | 324.95M | 262.91M | 244.93M | 223.24M | 218.77M |
| OpEx / Revenue % | 20.33% | 20.57% | 19.39% | 21.91% | 25.87% | 27.71% | 22.76% | 20.28% | 18.39% | 18.16% |
| Depreciation & Amortization | 64.43M | 58.22M | 48.78M | 57.81M | 66.01M | 54.25M | 35.23M | 18.44M | 6.95M | 4.25M |
| Combined Ratio % | 26.41% | 24.89% | 30.15% | 53.36% | 32.38% | 7.06% | 21.89% | 19.79% | 23.49% | 24.58% |
| Operating Income | 784.5M▲ 0% | 844.15M▲ 7.6% | 847.98M▲ 0.5% | 559.26M▼ 34.0% | 801.78M▲ 43.4% | 1.09B▲ 36.0% | 902.23M▼ 17.2% | 968.71M▲ 7.4% | 928.54M▼ 4.1% | 908.36M▲ 0% |
| Operating Margin % | 73.59% | 75.11% | 69.85% | 46.64% | 67.62% | 92.94% | 78.11% | 80.21% | 76.51% | 75.42% |
| Operating Income Growth % | 52.41% | 7.6% | 0.45% | -34.05% | 43.36% | 35.95% | -17.23% | 7.37% | -4.15% | - |
| EBITDA | 848.93M | 902.37M | 896.76M | 617.08M | 867.79M | 1.14B | 937.46M | 987.14M | 935.49M | 912.61M |
| EBITDA Margin % | 79.63% | 80.29% | 73.87% | 51.46% | 73.19% | 97.57% | 81.16% | 81.74% | 77.08% | 75.77% |
| Interest Expense | 57.03M | 52.99M | 52.66M | 59.59M | 71.36M | 48.05M | 36.91M | 35.6M | 34.5M | 34.5M |
| Non-Operating Income | -57.03M | -52.99M | -52.66M | -59.59M | -71.36M | -48.05M | -36.91M | -35.6M | -35.6M | -26.7M |
| Pretax Income | 784.5M▲ 0% | 844.15M▲ 7.6% | 847.98M▲ 0.5% | 559.26M▼ 34.0% | 801.78M▲ 43.4% | 1.09B▲ 36.0% | 902.23M▼ 17.2% | 968.71M▲ 7.4% | 928.54M▼ 4.1% | 900.68M▲ 0% |
| Pretax Margin % | 73.59% | 75.11% | 69.85% | 46.64% | 67.62% | 92.94% | 78.11% | 80.21% | 76.51% | 74.78% |
| Income Tax | 428.74M | 174.05M | 174.21M | 113.17M | 166.79M | 224.69M | 189.28M | 205.72M | 190.19M | 182.49M |
| Effective Tax Rate % | 54.65% | 20.62% | 20.54% | 20.24% | 20.8% | 20.61% | 20.98% | 21.24% | 20.48% | 20.26% |
| Net Income | 355.76M▲ 0% | 670.1M▲ 88.4% | 673.76M▲ 0.5% | 446.09M▼ 33.8% | 634.98M▲ 42.3% | 865.35M▲ 36.3% | 712.95M▼ 17.6% | 762.99M▲ 7.0% | 738.35M▼ 3.2% | 718.19M▲ 0% |
| Net Margin % | 33.37% | 59.63% | 55.5% | 37.2% | 53.55% | 73.79% | 61.72% | 63.18% | 60.84% | 59.63% |
| Net Income Growth % | 3.87% | 88.36% | 0.55% | -33.79% | 42.34% | 36.28% | -17.61% | 7.02% | -3.23% | -7.25% |
| EPS (Diluted) | 0.95▲ 0% | 1.74▲ 83.2% | 1.85▲ 6.3% | 1.29▼ 30.3% | 1.85▲ 43.4% | 2.79▲ 50.8% | 2.49▼ 10.8% | 2.89▲ 16.1% | 3.14▲ 8.7% | 3.29▲ 0% |
| EPS Growth % | 10.47% | 83.16% | 6.32% | -30.27% | 43.41% | 50.81% | -10.75% | 16.06% | 8.65% | 4.65% |
| EPS (Basic) | 0.98 | 1.78 | 1.91 | 1.31 | 1.90 | 2.83 | 2.52 | 2.92 | 3.17 | - |
| Diluted Shares Outstanding | 394.77M | 386.08M | 373.92M | 359.29M | 351.31M | 311.23M | 287.15M | 264M | 225.73M | 218.19M |
MGIC Investment Corporation (MTG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 5.62B | 5.68B | 6.23B | 7.35B | 7.33B | 6.21B | 6.54B | 6.55B | 6.64B | 6.42B |
| Asset Growth % | -2.01% | 1.04% | 9.72% | 18.06% | -0.4% | -15.17% | 5.22% | 0.14% | 1.41% | -0.9% |
| Total Investment Assets | 4.99B | 5.16B | 5.76B | 6.68B | 6.61B | 5.42B | 5.74B | 5.87B | 5.81B | 4M |
| Long-Term Investments | 4.99B | 5.16B | 5.76B | 6.68B | 19.17M | 14.99M | 15.62M | 15.87M | 5.81B | 5.86B |
| Short-Term Investments | 0 | 0 | 5.74B | 6.66B | 6.59B | 5.41B | 5.72B | 5.85B | 0 | 5.7B |
| Total Current Assets | 5.14B | 5.37B | 0 | 0 | 7.1B | 5.9B | 6.25B | 6.26B | 0 | 6.16B |
| Cash & Equivalents | 99.85M | 151.89M | 161.85M | 287.95M | 284.69M | 327.38M | 363.67M | 229.49M | 375.51M | 235.09M |
| Receivables | 106.39M | 91.37M | 78.75M | 151.75M | 211.62M | 159.5M | 160.47M | 170.08M | 58.18M | 605.96M |
| Other Current Assets | 741.65M | 741.05M | -5.98B | -7.1B | 20.27M | 5.53M | 6.98M | 5.14M | -433.7M | 14.4M |
| Goodwill & Intangibles | -192.57M | -186.56M | 0 | 0 | 21.67M | 19.06M | 14.59M | 11.69M | 8.38M | 36M |
| Goodwill | -211.41M | -204.45M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 18.84M | 17.89M | 0 | 0 | 21.67M | 19.06M | 14.59M | 11.69M | 8.38M | 7.96M |
| PP&E (Net) | 44.94M | 51.73M | 50.12M | 47.14M | 45.61M | 41.42M | 38.76M | 35.68M | 32.45M | 31.95M |
| Other Assets | -4.55B | -4.9B | -5.81B | -6.73B | 134.39M | 111.44M | 135.4M | 157.72M | 790.99M | 189.96M |
| Total Liabilities | 2.46B | 2.1B | 1.92B | 2.66B | 2.46B | 1.57B | 1.47B | 1.37B | 1.49B | 1.38B |
| Total Debt | 830.43M | 831.59M | 832.74M | 1.24B | 1.15B | 662.81M | 643.2M | 644.67M | 646.14M | 646.51M |
| Net Debt | 730.58M | 679.69M | 670.89M | 955.24M | 862.02M | 335.43M | 279.53M | 415.18M | 270.62M | 411.42M |
| Long-Term Debt | 830.43M | 831.59M | 832.74M | 1.24B | 1.15B | 662.81M | 643.2M | 644.67M | 646.14M | 646.51M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 1.63B | 1.26B | 0 | 0 | 1.13B | 753.28M | 663.16M | 583.02M | 0 | 591.73M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 241.69M | 195.29M | 157.78M | 120.36M | 93.03M | 92.61M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 883.52M | 557.99M | 505.38M | 462.66M | -93.03M | 499.12M |
| Deferred Taxes | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | -832.74M | -1.24B | 191.7M | 154.97M | 160.01M | 147.17M | 845.8M | 141.23M |
| Total Equity | 3.15B▲ 0% | 3.58B▲ 13.5% | 4.31B▲ 20.3% | 4.7B▲ 9.0% | 4.86B▲ 3.5% | 4.64B▼ 4.5% | 5.07B▲ 9.2% | 5.17B▲ 2.0% | 5.15B▼ 0.5% | 5.04B▲ 0% |
| Equity Growth % | 23.76% | 13.55% | 20.31% | 9.04% | 3.46% | -4.5% | 9.25% | 1.98% | -0.48% | -4.03% |
| Shareholders Equity | 3.15B | 3.58B | 4.31B | 4.7B | 4.86B | 4.64B | 5.07B | 5.17B | 5.15B | 5.04B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 977.16M | 1.65B | 2.28B | 2.64B | 3.25B | 4B | 4.59B | 3.4B | 3.25B | 3.2B |
| Common Stock | 370.57M | 371.35M | 371.35M | 371.35M | 371.35M | 371.35M | 371.35M | 248.45M | 219.37M | 213.2M |
| Accumulated OCI | -43.78M | -124.21M | 72.71M | 216.82M | 119.7M | -481.51M | -316.28M | -288.16M | -134.39M | -167.48M |
| Return on Equity (ROE) | 12.48% | 19.89% | 17.08% | 9.9% | 13.28% | 18.21% | 14.68% | 14.9% | 14.31% | 14% |
| Return on Assets (ROA) | 6.27% | 11.86% | 11.32% | 6.57% | 8.65% | 12.78% | 11.18% | 11.66% | 11.2% | 10.95% |
| Equity / Assets | 56.14% | 63.09% | 69.17% | 63.89% | 66.37% | 74.72% | 77.57% | 79% | 77.53% | 78.5% |
| Debt / Equity | 0.26x | 0.23x | 0.19x | 0.26x | 0.24x | 0.14x | 0.13x | 0.12x | 0.13x | 0.13x |
| Book Value per Share | 7.99 | 9.28 | 11.52 | 13.08 | 13.84 | 14.92 | 17.66 | 19.59 | 22.80 | 23.09 |
| Tangible BV per Share | 8.48 | 9.76 | 11.52 | 13.08 | 13.78 | 14.86 | 17.61 | 19.55 | 22.77 | 23.05 |
MGIC Investment Corporation (MTG) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 406.66M | 544.52M | 609.53M | 732.31M | 696.32M | 650.01M | 712.96M | 725.03M | 852.8M | 852.8M |
| Operating CF Growth % | 85.13% | 33.9% | 11.94% | 20.14% | -4.91% | -6.65% | 9.68% | 1.69% | 17.62% | -13.18% |
| Operating CF / Revenue % | 38.15% | 48.45% | 50.21% | 61.07% | 58.73% | 55.42% | 61.72% | 60.03% | 70.27% | 70.8% |
| Net Income | 355.76M | 670.1M | 673.76M | 446.09M | 634.98M | 865.35M | 712.95M | 762.99M | 738.35M | 718.19M |
| Depreciation & Amortization | 64.43M | 58.22M | 48.78M | 57.81M | 66.01M | 54.25M | 35.23M | 18.44M | 0 | 3.35M |
| Stock-Based Compensation | 14.9M | 20.9M | 0 | 13.8M | 17.11M | 24.77M | 31.61M | 31.32M | 0 | 17.12M |
| Deferred Taxes | 355.04M | 186.57M | 11.1M | 27.48M | 5.19M | -4.37M | 1.06M | 2.43M | 0 | 14.71M |
| Other Non-Cash Items | 6.64M | 9.48M | -5.31M | 14.16M | 31.05M | 47.66M | 14.14M | 9.85M | 50.27M | 44.65M |
| Working Capital Changes | -368.39M | -371.72M | -118.81M | 172.97M | -58.03M | -337.65M | -82.03M | -100M | 64.18M | -91.97M |
| Cash from Investing | -303.64M | -317.78M | -422.11M | -772.51M | -160.75M | 410.49M | -179.19M | -142M | 228.37M | 242.78M |
| Capital Expenditures | -16.07M | -14.24M | -5.64M | -3.31M | -4.12M | -3.25M | -2M | -1.17M | -1.02M | -1.08M |
| Acquisitions | 287.57M | -785.48M | 0 | 0 | 0 | -688.48M | 0 | 0 | 0 | 0 |
| Purchase of Investments | -1.29B | -1.46B | -1.39B | -2.64B | -1.53B | -674.41M | -1.47B | -1.56B | -1.62B | -1.6B |
| Sale/Maturity of Investments | 1.01B | 1.16B | 977.96M | 1.87B | 1.37B | 1.09B | 1.29B | 45.09M | 110.93M | 537.31M |
| Other Investing | -287.57M | 785.48M | 0 | 0 | 0 | 688.48M | 0 | 1.37B | 1.74B | 1.3B |
| Cash from Financing | -158.57M | -171.55M | -173.41M | 167.82M | -527.29M | -1.03B | -496.04M | -719.04M | -940.28M | -912.03M |
| Dividends Paid | 0 | 0 | -41.91M | -82.06M | -94.22M | -110.95M | -122.97M | -130.5M | -132.49M | -133.76M |
| Share Repurchases | -6.82M | -163.42M | -125.77M | -120M | -290.82M | -385.57M | -337.18M | -569.48M | -788.64M | -755.84M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | -1000K | 0 | 0 | 1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 |
| Other Financing | 0 | -8.13M | -5.73M | -54.24M | -43.64M | -49.61M | -7.26M | -19.07M | -19.15M | -22.44M |
| Net Change in Cash | -55.56M▲ 0% | 55.19M▲ 199.3% | 14.02M▼ 74.6% | 127.62M▲ 810.4% | 8.28M▼ 93.5% | 27.95M▲ 237.7% | 37.73M▲ 35.0% | -136.02M▼ 460.5% | 140.89M▲ 203.6% | 36.8M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 155.41M | 99.85M | 155.04M | 169.06M | 296.68M | 304.96M | 332.91M | 370.64M | 234.63M | 375.51M |
| Cash at End | 99.85M | 155.04M | 169.06M | 296.68M | 304.96M | 332.91M | 370.64M | 234.63M | 375.51M | 249.5M |
| Free Cash Flow | 390.59M▲ 0% | 530.28M▲ 35.8% | 603.9M▲ 13.9% | 729M▲ 20.7% | 692.2M▼ 5.0% | 646.76M▼ 6.6% | 710.96M▲ 9.9% | 723.86M▲ 1.8% | 851.77M▲ 17.7% | 704.96M▲ 0% |
| FCF Growth % | 86.79% | 35.76% | 13.88% | 20.72% | -5.05% | -6.57% | 9.93% | 1.81% | 17.67% | -6.86% |
| FCF Margin % | 36.64% | 47.18% | 49.75% | 60.79% | 58.38% | 55.15% | 61.55% | 59.94% | 70.18% | 58.53% |
| FCF per Share | 0.99 | 1.37 | 1.62 | 2.03 | 1.97 | 2.08 | 2.48 | 2.74 | 3.77 | 3.77 |
MGIC Investment Corporation (MTG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 26.41% | 24.89% | 30.15% | 53.36% | 32.38% | 7.06% | 21.89% | 19.79% | 23.49% | 24.58% |
| Medical Cost Ratio | 6.08% | 4.31% | 10.76% | 31.45% | 6.51% | -20.65% | -0.87% | -0.49% | 5.1% | 6.42% |
| Return on Equity (ROE) | 12.48% | 19.89% | 17.08% | 9.9% | 13.28% | 18.21% | 14.68% | 14.9% | 14.31% | 14% |
| Return on Assets (ROA) | 6.27% | 11.86% | 11.32% | 6.57% | 8.65% | 12.78% | 11.18% | 11.66% | 11.2% | 10.95% |
| Equity / Assets | 56.14% | 63.09% | 69.17% | 63.89% | 66.37% | 74.72% | 77.57% | 79% | 77.53% | 78.5% |
| Book Value / Share | 7.99 | 9.28 | 11.52 | 13.08 | 13.84 | 14.92 | 17.66 | 19.59 | 22.8 | 23.09 |
| Debt / Equity | 0.26x | 0.23x | 0.19x | 0.26x | 0.24x | 0.14x | 0.13x | 0.12x | 0.13x | 0.13x |
| Revenue Growth | 0.34% | 5.42% | 8.02% | -1.22% | -1.12% | -1.09% | -1.51% | 4.56% | 0.49% | -1.24% |
MGIC Investment Corporation (MTG) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Apr 23, 2026·SEC
Feb 2, 2026·SEC
MGIC Investment Corporation (MTG) stock FAQ — growth, dividends, profitability & financials explained
MGIC Investment Corporation (MTG) grew revenue by 0.5% over the past year. Growth has been modest.
Yes, MGIC Investment Corporation (MTG) is profitable, generating $718.2M in net income for fiscal year 2025 (60.8% net margin).
Yes, MGIC Investment Corporation (MTG) pays a dividend with a yield of 2.24%. This makes it attractive for income-focused investors.
MGIC Investment Corporation (MTG) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.
MGIC Investment Corporation (MTG) has a combined ratio of 23.5%. A ratio below 100% indicates underwriting profitability.
MGIC Investment Corporation (MTG) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates