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MGIC Investment (MTG) Financials

MGIC Investment logo
$25.03 -0.51 (-1.99%)
Closing price 07/15/2025 03:59 PM Eastern
Extended Trading
$24.86 -0.17 (-0.68%)
As of 07/15/2025 07:47 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 Polygon.io. 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
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
Net Income / (Loss) Attributable to Common Shareholders		 1,172 343 356 670 674 446 635 865 713 763
Consolidated Net Income / (Loss)		 1,172 343 356 670 674 446 635 865 713 763
Net Income / (Loss) Continuing Operations		 1,172 343 356 670 674 446 635 865 713 763
Total Pre-Tax Income 		488 515 784 844 848 559 802 1,090 902 969
Total Revenue		 972 915 1,009 1,071 1,161 1,113 1,072 1,092 1,118 1,172
Net Interest Income / (Expense)		 -69 -57 -57 -53 -53 -60 -71 -48 -37 -36
Total Interest Income		 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
Long-Term Debt Interest Expense		 69 57 57 53 53 60 71 48 37 36
Total Non-Interest Income		 1,041 972 1,066 1,124 1,214 1,172 1,143 1,140 1,155 1,208
Other Service Charges		 13 18 10 8.71 11 10 8.96 5.64 1.95 2.13
Net Realized & Unrealized Capital Gains on Investments		 132 29 121 140 172 140 120 127 201 235
Premiums Earned		 896 925 935 975 1,031 1,022 1,014 1,007 953 971
Total Non-Interest Expense		 484 401 224 227 313 554 276 -5.50 216 203
Property & Liability Insurance Claims		 320 240 54 37 119 365 65 -255 -21 -15
Insurance Policy Acquisition Costs		 156 151 160 178 183 176 198 237 226 209
Amortization Expense		 8.79 9.65 11 12 12 12 13 12 11 8.96
Income Tax Expense		 -684 172 429 174 174 113 167 225 189 206
Basic Earnings per Share		 $3.45 $1.00 $0.98 $1.83 $1.91 $1.31 $1.90 $2.83 $2.51 $2.92
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
Diluted Earnings per Share		 $2.60 $0.86 $0.95 $1.78 $1.85 $1.29 $1.85 $2.79 $2.49 $2.89
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
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
Cash Dividends to Common per Share		 $0.00 $0.00 $0.00 - - $0.06 $0.14 - $0.22 $0.25

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 250 191 155 191 183 185 174 204 200 185 185
Consolidated Net Income / (Loss)		 250 191 155 191 183 185 174 204 200 185 185
Net Income / (Loss) Continuing Operations		 250 191 155 191 183 185 174 204 200 185 185
Total Pre-Tax Income 		314 240 196 242 234 230 220 260 254 235 235
Total Revenue		 271 289 275 281 288 274 285 297 297 293 297
Net Interest Income / (Expense)		 -10 -9.38 -9.37 -9.38 -9.25 -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		 10 9.38 9.37 9.38 9.25 8.90 8.90 8.90 8.91 8.90 8.90
Long-Term Debt Interest Expense		 10 9.38 9.37 9.38 9.25 8.90 8.90 8.90 8.91 8.90 8.90
Total Non-Interest Income		 281 299 284 291 297 283 294 306 306 302 305
Other Service Charges		 1.40 0.50 0.43 0.51 0.55 0.47 0.48 0.55 0.63 0.47 0.33
Net Realized & Unrealized Capital Gains on Investments		 28 54 42 47 55 56 51 61 62 60 61
Premiums Earned		 252 244 242 243 241 226 243 244 243 241 244
Total Non-Interest Expense		 -43 42 79 39 53 45 66 37 43 58 63
Property & Liability Insurance Claims		 -105 -31 6.45 -18 -0.08 -9.53 4.56 -18 -9.84 8.70 9.59
Insurance Policy Acquisition Costs		 58 70 70 54 50 52 59 53 51 47 51
Amortization Expense		 3.18 3.47 2.48 2.61 2.80 2.93 2.01 2.15 2.32 2.48 1.66
Income Tax Expense		 65 49 41 51 52 45 46 56 54 50 49
Basic Earnings per Share		 $0.82 $0.65 $0.53 $0.67 $0.65 $0.66 $0.64 $0.77 $0.77 $0.74 $0.76
Weighted Average Basic Shares Outstanding		 302.62M 305.85M 290.99M 285.91M 281.76M 283.61M 270.31M 265.32M 258.60M 261.68M 244.15M
Diluted Earnings per Share		 $0.81 $0.64 $0.53 $0.66 $0.64 $0.66 $0.64 $0.77 $0.77 $0.71 $0.75
Weighted Average Diluted Shares Outstanding		 307.19M 311.23M 294.71M 289.57M 285.60M 287.16M 273.11M 266.87M 260.83M 264.00M 246.49M
Weighted Average Basic & Diluted Shares Outstanding		 594.05M 290.43M 573.24M 564.64M 554.62M 269.67M 533.17M 259.23M 253.37M 242.71M 237.44M
Cash Dividends to Common per Share		 - - $0.10 - - - $0.12 - $0.13 - $0.13

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
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
Net Change in Cash & Equivalents		 -17 -26 -56 55 14 128 8.28 28 38 -136
Net Cash From Operating Activities		 161 225 407 545 610 732 696 650 713 725
Net Cash From Continuing Operating Activities		 161 225 407 545 610 732 696 650 713 725
Net Income / (Loss) Continuing Operations		 1,172 343 356 670 674 446 635 865 713 763
Consolidated Net Income / (Loss)		 1,172 343 356 670 674 446 635 865 713 763
Depreciation Expense		 53 61 64 58 49 58 66 54 35 18
Non-Cash Adjustments to Reconcile Net Income		 -28 82 -0.17 15 -5.31 28 48 72 46 41
Changes in Operating Assets and Liabilities, net		 -1,035 -261 -13 -199 -108 200 -53 -342 -81 -98
Net Cash From Investing Activities		 -97 -93 -304 -318 -422 -773 -161 410 -179 -142
Net Cash From Continuing Investing Activities		 -97 -93 -304 -318 -422 -773 -161 410 -179 -142
Purchase of Property, Leasehold Improvements and Equipment		 -4.63 -11 -16 -14 -5.64 -3.31 -4.12 -3.25 -2.00 -1.17
Purchase of Investment Securities		 -2,465 -1,364 -1,294 -1,459 -1,394 -2,637 -1,531 -674 -1,470 -1,556
Sale of Property, Leasehold Improvements and Equipment		 - - - - - - 0.00 0.00 2.34 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
Net Cash From Financing Activities		 -81 -157 -159 -172 -173 168 -527 -1,033 -496 -719
Net Cash From Continuing Financing Activities		 -81 -157 -159 -172 -173 168 -527 -1,033 -496 -719
Repayment of Debt		 -74 -578 -302 0.00 0.00 -243 -136 -526 -29 0.00
Repurchase of Common Equity		 0.00 -147 0.00 -163 -126 -120 -291 -386 -337 -569
Payment of Dividends		 - - 0.00 0.00 -42 -82 -94 -111 -123 -131
Other Financing Activities, Net		 -7.24 -5.03 -6.82 -8.13 -5.73 -24 -6.73 -10 -7.26 -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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -170 83 34 -50 -42 96 69 -152 12 -65 -22
Net Cash From Operating Activities		 122 166 212 145 170 186 191 169 183 182 224
Net Cash From Continuing Operating Activities		 122 166 212 145 170 186 191 169 183 182 224
Net Income / (Loss) Continuing Operations		 250 191 155 191 183 185 174 204 200 185 185
Consolidated Net Income / (Loss)		 250 191 155 191 183 185 174 204 200 185 185
Depreciation Expense		 13 11 10 9.18 9.63 6.23 6.49 4.48 3.43 4.03 2.69
Non-Cash Adjustments to Reconcile Net Income		 17 3.95 19 10 4.16 12 26 5.83 4.21 5.38 17
Changes in Operating Assets and Liabilities, net		 -158 -41 28 -66 -27 -17 -16 -45 -25 -12 18
Net Cash From Investing Activities		 91 30 -65 -92 -84 62 26 -134 -14 -20 32
Net Cash From Continuing Investing Activities		 91 30 -65 -92 -84 62 26 -134 -14 -20 32
Purchase of Property, Leasehold Improvements and Equipment		 -0.26 -0.85 -0.36 -0.31 -0.78 -0.54 0.00 -0.28 -0.38 -0.51 -0.13
Purchase of Investment Securities		 -168 -130 -229 -602 -389 -249 -328 -410 -377 -441 -456
Sale and/or Maturity of Investments		 260 161 164 510 306 309 354 276 363 422 488
Net Cash From Financing Activities		 -383 -113 -113 -103 -128 -152 -148 -187 -157 -228 -278
Net Cash From Continuing Financing Activities		 -383 -113 -113 -103 -128 -152 -148 -187 -157 -228 -278
Repurchase of Common Equity		 -84 -83 -76 -74 -67 -120 -95 -156 -124 -195 -225
Payment of Dividends		 -30 -30 -30 -29 -32 -32 -33 -31 -34 -33 -34
Other Financing Activities, Net		 -1.27 -0.14 -7.20 - -0.05 -0.01 -19 - - -0.02 -19

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
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
Total Assets		 5,868 5,735 5,619 5,678 6,230 7,355 7,325 6,214 6,538 6,547
Cash and Due from Banks		 181 155 100 152 162 288 285 327 364 229
Restricted Cash		 - - 0.00 3.15 7.21 8.73 20 5.53 6.98 5.14
Trading Account Securities		 4,663 4,692 4,991 5,156 5,755 6,680 6,604 5,424 5,738 5,866
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
Accrued Investment Income		 40 44 46 48 50 50 52 55 59 61
Premises and Equipment, Net		 30 36 45 52 50 47 46 41 39 36
Unearned Premiums Asset		 48 52 54 55 56 56 57 58 58 58
Deferred Acquisition Cost		 15 18 19 18 19 22 22 19 15 12
Other Assets		 890 736 365 194 131 203 241 283 259 280
Total Liabilities & Shareholders' Equity		 5,868 5,735 5,619 5,678 6,230 7,355 7,325 6,214 6,538 6,547
Total Liabilities		 3,632 3,186 2,465 2,096 1,920 2,656 2,464 1,571 1,466 1,375
Long-Term Debt		 1,212 1,179 830 832 833 1,243 1,147 663 643 645
Claims and Claim Expense		 1,893 1,439 986 674 555 881 884 558 505 463
Unearned Premiums Liability		 280 330 393 410 380 287 242 195 158 120
Other Long-Term Liabilities		 247 238 256 180 152 245 192 155 160 147
Commitments & Contingencies		 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
Total Preferred & Common Equity		 2,236 2,549 3,155 3,582 4,309 4,699 4,861 4,643 5,072 5,172
Total Common Equity		 2,236 2,549 3,155 3,582 4,309 4,699 4,861 4,643 5,072 5,172
Common Stock		 2,010 2,142 2,221 2,234 2,241 2,233 2,166 2,170 2,179 2,057
Retained Earnings		 290 633 977 1,647 2,279 2,642 3,251 4,004 4,593 3,404
Treasury Stock		 -3.36 -150 0.00 -175 -283 -393 -675 -1,050 -1,384 0.00
Accumulated Other Comprehensive Income / (Loss)		 -61 -75 -44 -124 73 217 120 -482 -316 -288

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
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
Total Assets		 6,154 6,352 6,353 6,332 6,535 6,524 6,678 6,535
Cash and Due from Banks		 242 358 311 267 431 282 289 207
Restricted Cash		 7.78 8.36 6.00 8.58 8.22 6.02 11 5.71
Trading Account Securities		 5,415 5,579 5,617 5,595 5,687 5,805 5,979 5,900
Loans and Leases, Net of Allowance		 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
Premises and Equipment, Net		 44 41 40 39 38 37 36 34
Unearned Premiums Asset		 58 57 57 58 56 57 58 56
Deferred Acquisition Cost		 20 18 17 16 14 13 13 11
Other Assets		 315 237 250 290 243 265 233 262
Total Liabilities & Shareholders' Equity		 6,154 6,352 6,353 6,332 6,535 6,524 6,678 6,535
Total Liabilities		 1,614 1,575 1,509 1,477 1,433 1,407 1,384 1,395
Long-Term Debt		 663 663 664 643 644 644 644 645
Claims and Claim Expense		 603 559 531 526 504 478 461 465
Unearned Premiums Liability		 208 183 172 165 149 139 130 112
Other Long-Term Liabilities		 140 169 143 144 136 147 149 173
Commitments & Contingencies		 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
Total Preferred & Common Equity		 4,540 4,778 4,844 4,855 5,102 5,117 5,294 5,140
Total Common Equity		 4,540 4,778 4,844 4,855 5,102 5,117 5,294 5,140
Common Stock		 2,163 2,163 2,171 2,171 2,159 2,167 2,173 2,037
Retained Earnings		 3,843 4,129 4,291 4,441 4,735 4,908 5,074 3,340
Accumulated Other Comprehensive Income / (Loss)		 -496 -395 -425 -497 -326 -333 -204 -236

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
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
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 11.44% -5.82% 10.23% 6.14% 8.45% -4.18% -3.71% 1.91% 2.40% 4.82%
EBITDA Growth		 78.01% 6.63% 47.37% 6.29% -0.62% -31.19% 39.68% 33.62% -18.61% 5.30%
EBIT Growth		 91.53% 5.54% 52.41% 7.60% 0.45% -34.05% 42.32% 37.89% -17.79% 7.37%
NOPAT Growth		 365.17% -70.78% 3.87% 88.36% 0.55% -33.79% 42.34% 36.28% -17.61% 7.02%
Net Income Growth		 365.17% -70.78% 3.87% 88.36% 0.55% -33.79% 42.34% 36.28% -17.61% 7.02%
EPS Growth		 306.25% -66.92% 10.47% 87.37% 3.93% -30.27% 43.41% 50.81% -10.75% 16.06%
Operating Cash Flow Growth		 139.82% 39.26% 80.93% 33.90% 11.94% 20.14% -4.91% -6.65% 9.68% 1.69%
Free Cash Flow Firm Growth		 393.34% 9.62% 56.42% 145.55% -122.66% -546.97% 260.70% 175.52% -80.66% 118.00%
Invested Capital Growth		 47.77% 8.11% 6.90% 10.75% 16.51% 15.56% 1.11% -11.69% 7.72% 1.78%
Revenue Q/Q Growth		 1.85% 1.02% 0.79% 1.34% 2.32% -1.28% -4.48% 5.36% -1.34% 1.60%
EBITDA Q/Q Growth		 7.47% 10.74% 10.68% -5.58% 3.23% -4.39% 2.56% 2.64% -2.41% 0.37%
EBIT Q/Q Growth		 7.49% 11.49% 11.90% -5.67% 3.41% -5.49% 2.91% 3.24% -1.95% 0.61%
NOPAT Q/Q Growth		 2.45% 1.50% -18.39% 24.17% 2.96% -5.44% 3.67% 2.07% -0.96% 0.03%
Net Income Q/Q Growth		 2.45% 1.50% -18.39% 24.17% 2.96% -5.44% 3.67% 2.07% -0.96% 0.03%
EPS Q/Q Growth		 1.17% 8.86% -18.10% 23.61% 3.35% -2.27% 3.93% 4.49% 0.81% 1.76%
Operating Cash Flow Q/Q Growth		 139.39% 28.18% 22.44% 2.00% -1.55% 10.92% -5.37% -2.65% 2.89% -0.53%
Free Cash Flow Firm Q/Q Growth		 386.21% 194.87% -58.44% 34.86% -225.02% -21.09% 130.82% -11.29% -28.65% 105.36%
Invested Capital Q/Q Growth		 0.09% -0.89% 0.62% 2.14% 3.00% 3.23% -1.86% 1.98% 3.96% -2.04%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 55.59% 62.94% 84.14% 84.27% 77.22% 55.45% 80.44% 105.47% 83.84% 84.22%
EBIT Margin		 50.18% 56.24% 77.75% 78.83% 73.02% 50.26% 74.28% 100.50% 80.69% 82.65%
Profit (Net Income) Margin		 120.59% 37.42% 35.26% 62.58% 58.02% 40.09% 59.26% 79.24% 63.76% 65.09%
Tax Burden Percent		 240.32% 66.55% 45.35% 79.38% 79.46% 79.76% 79.20% 79.39% 79.02% 78.76%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.74% 99.32% 100.00% 100.00%
Effective Tax Rate		 -140.32% 33.45% 54.65% 20.62% 20.54% 20.24% 20.80% 20.61% 20.98% 21.24%
Return on Invested Capital (ROIC)		 40.54% 9.55% 9.23% 15.96% 14.10% 8.05% 10.63% 15.30% 12.94% 13.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 40.54% 9.55% 9.23% 15.96% 14.10% 8.05% 10.63% 15.30% 12.94% 13.23%
Return on Net Nonoperating Assets (RNNOA)		 31.07% 4.77% 3.25% 3.94% 2.97% 1.85% 2.66% 2.91% 1.74% 1.66%
Return on Equity (ROE)		 71.62% 14.32% 12.48% 19.89% 17.08% 9.90% 13.28% 18.21% 14.68% 14.90%
Cash Return on Invested Capital (CROIC)		 1.99% 1.75% 2.55% 5.75% -1.15% -6.39% 9.52% 27.72% 5.50% 11.47%
Operating Return on Assets (OROA)		 8.76% 8.87% 13.82% 14.94% 14.24% 8.23% 10.84% 16.21% 14.15% 14.81%
Return on Assets (ROA)		 21.05% 5.90% 6.27% 11.86% 11.32% 6.57% 8.65% 12.78% 11.18% 11.66%
Return on Common Equity (ROCE)		 71.62% 14.32% 12.48% 19.89% 17.08% 9.90% 13.28% 18.21% 14.68% 14.90%
Return on Equity Simple (ROE_SIMPLE)		 52.41% 13.44% 11.28% 18.71% 15.64% 9.49% 13.06% 18.64% 14.06% 14.75%
Net Operating Profit after Tax (NOPAT)		 1,172 343 356 670 674 446 635 865 713 763
NOPAT Margin		 120.59% 37.42% 35.26% 62.58% 58.02% 40.09% 59.26% 79.24% 63.76% 65.09%
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		 49.82% 43.76% 22.25% 21.17% 26.98% 49.74% 25.72% -0.50% 19.31% 17.35%
Earnings before Interest and Taxes (EBIT)		 488 515 784 844 848 559 796 1,097 902 969
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 540 576 849 902 897 617 862 1,152 937 987
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.19 1.20 1.47 0.93 1.02 0.83 0.90 0.79 1.03 1.16
Price to Tangible Book Value (P/TBV)		 1.19 1.20 1.47 0.93 1.02 0.83 0.90 0.79 1.03 1.16
Price to Revenue (P/Rev)		 2.73 3.35 4.58 3.12 3.80 3.49 4.09 3.35 4.65 5.10
Price to Earnings (P/E)		 2.26 8.96 12.99 4.99 6.54 8.71 6.90 4.23 7.30 7.83
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.95% 2.09% 2.08% 2.92% 2.29% 2.08%
Earnings Yield		 44.21% 11.16% 7.70% 20.04% 15.29% 11.48% 14.50% 23.66% 13.70% 12.77%
Enterprise Value to Invested Capital (EV/IC)		 1.07 1.10 1.34 0.91 0.99 0.81 0.87 0.75 0.96 1.10
Enterprise Value to Revenue (EV/Rev)		 3.79 4.47 5.31 3.75 4.37 4.34 4.87 3.65 4.90 5.45
Enterprise Value to EBITDA (EV/EBITDA)		 6.82 7.10 6.31 4.45 5.66 7.83 6.06 3.46 5.84 6.47
Enterprise Value to EBIT (EV/EBIT)		 7.55 7.95 6.82 4.76 5.98 8.64 6.56 3.63 6.07 6.59
Enterprise Value to NOPAT (EV/NOPAT)		 3.14 11.95 15.05 6.00 7.53 10.83 8.22 4.61 7.68 8.37
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.81 18.21 13.16 7.38 8.32 6.60 7.50 6.13 7.68 8.81
Enterprise Value to Free Cash Flow (EV/FCFF)		 64.17 65.05 54.40 16.64 0.00 0.00 9.18 2.54 18.06 9.66
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.54 0.46 0.26 0.23 0.19 0.26 0.24 0.14 0.13 0.12
Long-Term Debt to Equity		 0.54 0.46 0.26 0.23 0.19 0.26 0.24 0.14 0.13 0.12
Financial Leverage		 0.77 0.50 0.35 0.25 0.21 0.23 0.25 0.19 0.13 0.13
Leverage Ratio		 3.40 2.42 1.99 1.68 1.51 1.51 1.54 1.42 1.31 1.28
Compound Leverage Factor		 3.40 2.42 1.99 1.68 1.51 1.51 1.55 1.41 1.31 1.28
Debt to Total Capital		 35.15% 31.62% 20.84% 18.84% 16.19% 20.92% 19.09% 12.49% 11.25% 11.08%
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		 35.15% 31.62% 20.84% 18.84% 16.19% 20.92% 19.09% 12.49% 11.25% 11.08%
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		 64.85% 68.38% 79.16% 81.16% 83.81% 79.08% 80.91% 87.51% 88.75% 88.92%
Debt to EBITDA		 2.24 2.05 0.98 0.92 0.93 2.01 1.33 0.58 0.69 0.65
Net Debt to EBITDA		 1.91 1.78 0.86 0.75 0.74 1.53 0.98 0.29 0.29 0.42
Long-Term Debt to EBITDA		 2.24 2.05 0.98 0.92 0.93 2.01 1.33 0.58 0.69 0.65
Debt to NOPAT		 1.03 3.44 2.33 1.24 1.24 2.79 1.81 0.77 0.90 0.84
Net Debt to NOPAT		 0.88 2.99 2.05 1.01 0.99 2.12 1.33 0.38 0.38 0.54
Long-Term Debt to NOPAT		 1.03 3.44 2.33 1.24 1.24 2.79 1.81 0.77 0.90 0.84
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)		 57 63 98 242 -55 -354 569 1,568 303 661
Operating Cash Flow to CapEx		 3,485.85% 2,130.02% 2,531.17% 3,824.39% 10,814.98% 22,117.46% 16,921.43% 19,975.78% 0.00% 61,757.41%
Free Cash Flow to Firm to Interest Expense		 0.83 1.11 1.73 4.56 -1.04 -5.94 7.97 32.63 8.22 18.57
Operating Cash Flow to Interest Expense		 2.34 3.97 7.13 10.28 11.58 12.29 9.76 13.53 19.32 20.36
Operating Cash Flow Less CapEx to Interest Expense		 2.27 3.78 6.85 10.01 11.47 12.23 9.70 13.46 19.33 20.33
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.17 0.16 0.18 0.19 0.20 0.16 0.15 0.16 0.18 0.18
Fixed Asset Turnover		 33.06 27.66 24.91 22.15 22.80 22.88 23.10 25.09 27.89 31.49
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 3,448 3,728 3,985 4,413 5,142 5,942 6,008 5,306 5,715 5,817
Invested Capital Turnover		 0.34 0.26 0.26 0.26 0.24 0.20 0.18 0.19 0.20 0.20
Increase / (Decrease) in Invested Capital		 1,115 280 257 429 728 800 66 -703 410 102
Enterprise Value (EV)		 3,682 4,092 5,352 4,020 5,072 4,833 5,221 3,987 5,476 6,386
Market Capitalization		 2,651 3,068 4,622 3,343 4,408 3,886 4,379 3,657 5,204 5,976
Book Value per Share		 $6.58 $7.48 $8.51 $9.91 $12.36 $13.88 $14.93 $15.63 $18.29 $20.41
Tangible Book Value per Share		 $6.58 $7.48 $8.51 $9.91 $12.36 $13.88 $14.93 $15.63 $18.29 $20.41
Total Capital		 3,448 3,728 3,985 4,413 5,142 5,942 6,008 5,306 5,715 5,817
Total Debt		 1,212 1,179 830 832 833 1,243 1,147 663 643 645
Total Long-Term Debt		 1,212 1,179 830 832 833 1,243 1,147 663 643 645
Net Debt		 1,031 1,023 731 677 664 947 842 330 273 410
Capital Expenditures (CapEx)		 4.63 11 16 14 5.64 3.31 4.12 3.25 -0.34 1.17
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)		 1,212 1,179 830 832 833 1,243 1,147 663 643 645
Total Depreciation and Amortization (D&A)		 53 61 64 58 49 58 66 54 35 18
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)		 341 343 549 670 674 446 635 865 713 763
Normalized NOPAT Margin		 35.13% 37.42% 54.43% 62.58% 58.02% 40.09% 59.26% 79.24% 63.76% 65.09%
Pre Tax Income Margin		 50.18% 56.24% 77.75% 78.83% 73.02% 50.26% 74.82% 99.82% 80.69% 82.65%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 7.07 9.08 13.75 15.93 16.10 9.38 11.15 22.84 24.45 27.21
NOPAT to Interest Expense		 17.00 6.04 6.24 12.65 12.80 7.49 8.90 18.01 19.32 21.43
EBIT Less CapEx to Interest Expense		 7.01 8.90 13.47 15.66 16.00 9.33 11.10 22.77 24.46 27.18
NOPAT Less CapEx to Interest Expense		 16.94 5.86 5.96 12.38 12.69 7.43 8.84 17.94 19.33 21.40
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 6.22% 18.40% 14.84% 12.82% 17.25% 17.10%
Augmented Payout Ratio		 0.00% 42.95% 0.00% 24.39% 24.89% 45.30% 60.64% 57.38% 64.54% 91.74%

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 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -2.47% 23.73% 6.28% 2.94% 6.31% -5.23% 3.96% 5.46% 3.20% 6.74% 3.90%
EBITDA Growth		 50.90% 12.96% -12.65% -23.77% -25.29% -8.96% 9.99% 5.18% 5.08% 1.56% 4.54%
EBIT Growth		 57.34% 16.19% -11.17% -23.27% -25.19% -7.27% 12.41% 7.31% 7.92% 2.56% 6.39%
NOPAT Growth		 58.01% 10.07% -11.69% -23.35% -26.75% -3.62% 12.65% 6.90% 9.37% 0.11% 6.53%
Net Income Growth		 58.01% 10.07% -11.69% -23.35% -26.75% -3.62% 12.65% 6.90% 9.37% 0.11% 6.53%
EPS Growth		 76.09% 23.08% -1.85% -17.50% -20.99% 3.13% 20.75% 16.67% 20.31% 7.58% 17.19%
Operating Cash Flow Growth		 -25.08% -9.62% -6.90% 8.22% 39.02% 12.05% -10.25% 16.99% 7.72% -2.08% 17.38%
Free Cash Flow Firm Growth		 662.19% 727.62% -57.16% -81.01% -109.58% -125.19% -150.50% -128.03% -115.11% 136.81% 211.80%
Invested Capital Growth		 -15.02% -11.69% -1.89% 0.31% 5.67% 7.72% 5.61% 4.59% 8.02% 1.78% 0.68%
Revenue Q/Q Growth		 -0.88% 6.88% -5.15% 2.44% 2.36% -4.72% 4.05% 3.92% 0.17% -1.45% 1.28%
EBITDA Q/Q Growth		 -0.74% -21.07% -20.41% 22.24% -2.72% -3.82% -3.83% 16.88% -2.81% -7.04% -1.01%
EBIT Q/Q Growth		 -0.51% -21.36% -20.85% 23.91% -3.01% -2.53% -4.05% 18.29% -2.46% -7.37% -0.46%
NOPAT Q/Q Growth		 0.14% -23.31% -19.27% 23.62% -4.30% 0.91% -5.64% 17.31% -2.09% -7.64% 0.41%
Net Income Q/Q Growth		 0.14% -23.31% -19.27% 23.62% -4.30% 0.91% -5.64% 17.31% -2.09% -7.64% 0.41%
EPS Q/Q Growth		 1.25% -20.99% -17.19% 24.53% -3.03% 3.13% -3.03% 20.31% 0.00% -7.79% 5.63%
Operating Cash Flow Q/Q Growth		 -8.64% 36.12% 27.71% -31.86% 17.35% 9.71% 2.30% -11.18% 8.06% -0.27% 22.63%
Free Cash Flow Firm Q/Q Growth		 27.45% -23.53% -70.99% -32.84% -164.29% -101.08% 41.82% 62.73% -393.43% 134.40% 76.72%
Invested Capital Q/Q Growth		 -5.25% 1.98% 2.55% 1.23% -0.19% 3.96% 0.54% 0.26% 3.08% -2.04% -0.55%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 120.93% 89.31% 74.95% 89.43% 84.99% 85.79% 79.30% 89.19% 86.53% 81.63% 79.78%
EBIT Margin		 116.02% 85.37% 71.23% 86.17% 81.64% 83.52% 77.03% 87.68% 85.38% 80.25% 78.88%
Profit (Net Income) Margin		 92.16% 66.13% 56.28% 67.92% 63.50% 67.25% 60.99% 68.84% 67.29% 63.07% 62.53%
Tax Burden Percent		 79.43% 79.62% 79.01% 78.82% 78.01% 80.27% 79.18% 78.60% 78.64% 78.69% 79.03%
Interest Burden Percent		 100.00% 97.29% 100.00% 100.00% 99.70% 100.30% 100.00% 99.89% 100.23% 99.87% 100.32%
Effective Tax Rate		 20.57% 20.38% 20.99% 21.18% 21.99% 19.73% 20.82% 21.40% 21.36% 21.31% 20.97%
Return on Invested Capital (ROIC)		 16.87% 12.77% 11.35% 13.79% 13.45% 13.65% 12.31% 13.98% 13.58% 12.82% 12.83%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.87% 12.77% 11.35% 13.79% 13.45% 13.65% 12.31% 13.98% 13.58% 12.82% 12.83%
Return on Net Nonoperating Assets (RNNOA)		 3.42% 2.43% 1.93% 2.32% 1.87% 1.83% 1.63% 1.84% 1.72% 1.61% 1.61%
Return on Equity (ROE)		 20.29% 15.20% 13.29% 16.10% 15.32% 15.48% 13.94% 15.82% 15.30% 14.43% 14.45%
Cash Return on Invested Capital (CROIC)		 31.21% 27.72% 17.29% 14.00% 7.95% 5.50% 7.64% 8.74% 5.63% 11.47% 12.75%
Operating Return on Assets (OROA)		 17.60% 13.77% 11.96% 14.85% 14.82% 14.65% 13.50% 15.58% 15.14% 14.38% 14.28%
Return on Assets (ROA)		 13.98% 10.67% 9.45% 11.71% 11.53% 11.79% 10.69% 12.24% 11.93% 11.30% 11.32%
Return on Common Equity (ROCE)		 20.29% 15.20% 13.29% 16.10% 15.32% 15.48% 13.94% 15.82% 15.30% 14.43% 14.45%
Return on Equity Simple (ROE_SIMPLE)		 18.67% 0.00% 17.68% 16.24% 14.83% 0.00% 14.36% 14.57% 14.41% 0.00% 15.07%
Net Operating Profit after Tax (NOPAT)		 250 191 155 191 183 185 174 204 200 185 185
NOPAT Margin		 92.16% 66.13% 56.28% 67.92% 63.50% 67.25% 60.99% 68.84% 67.29% 63.07% 62.53%
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% 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% 0.00%
Operating Expenses to Revenue		 -16.02% 14.63% 28.77% 13.83% 18.36% 16.48% 22.97% 12.32% 14.62% 19.75% 21.12%
Earnings before Interest and Taxes (EBIT)		 314 247 196 242 235 229 220 260 254 235 234
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 328 259 206 252 245 235 226 265 257 239 237
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.81 0.79 0.79 0.91 0.95 1.03 1.20 1.12 1.25 1.16 1.17
Price to Tangible Book Value (P/TBV)		 0.81 0.79 0.79 0.91 0.95 1.03 1.20 1.12 1.25 1.16 1.17
Price to Revenue (P/Rev)		 3.57 3.35 3.39 3.93 4.06 4.65 5.43 4.99 5.75 5.10 5.08
Price to Earnings (P/E)		 4.36 4.23 4.45 5.58 6.39 7.30 8.37 7.66 8.70 7.83 7.77
Dividend Yield		 2.79% 2.92% 2.94% 2.61% 2.55% 2.29% 2.01% 2.15% 1.86% 2.08% 2.04%
Earnings Yield		 22.94% 23.66% 22.49% 17.91% 15.64% 13.70% 11.94% 13.05% 11.49% 12.77% 12.88%
Enterprise Value to Invested Capital (EV/IC)		 0.79 0.75 0.75 0.86 0.90 0.96 1.10 1.05 1.18 1.10 1.11
Enterprise Value to Revenue (EV/Rev)		 3.96 3.65 3.66 4.25 4.39 4.90 5.61 5.30 6.05 5.45 5.45
Enterprise Value to EBITDA (EV/EBITDA)		 3.66 3.46 3.61 4.54 5.17 5.84 6.61 6.25 7.10 6.47 6.46
Enterprise Value to EBIT (EV/EBIT)		 3.87 3.63 3.78 4.74 5.40 6.07 6.84 6.43 7.25 6.59 6.56
Enterprise Value to NOPAT (EV/NOPAT)		 4.85 4.61 4.80 6.02 6.90 7.68 8.65 8.14 9.15 8.37 8.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.15 6.13 6.39 7.34 7.17 7.68 9.17 8.48 9.58 8.81 8.50
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.32 2.54 4.27 6.16 11.69 18.06 14.83 12.32 21.68 9.66 8.77
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.15 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.13
Long-Term Debt to Equity		 0.15 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.13
Financial Leverage		 0.20 0.19 0.17 0.17 0.14 0.13 0.13 0.13 0.13 0.13 0.13
Leverage Ratio		 1.45 1.42 1.41 1.38 1.33 1.31 1.30 1.29 1.28 1.28 1.28
Compound Leverage Factor		 1.45 1.39 1.41 1.38 1.33 1.32 1.30 1.29 1.28 1.28 1.28
Debt to Total Capital		 12.74% 12.49% 12.19% 12.05% 11.69% 11.25% 11.20% 11.18% 10.85% 11.08% 11.15%
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% 0.00%
Long-Term Debt to Total Capital		 12.74% 12.49% 12.19% 12.05% 11.69% 11.25% 11.20% 11.18% 10.85% 11.08% 11.15%
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% 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% 0.00%
Common Equity to Total Capital		 87.26% 87.51% 87.81% 87.95% 88.31% 88.75% 88.80% 88.82% 89.15% 88.92% 88.85%
Debt to EBITDA		 0.59 0.58 0.59 0.64 0.67 0.69 0.67 0.66 0.66 0.65 0.65
Net Debt to EBITDA		 0.37 0.29 0.26 0.33 0.38 0.29 0.21 0.37 0.35 0.42 0.43
Long-Term Debt to EBITDA		 0.59 0.58 0.59 0.64 0.67 0.69 0.67 0.66 0.66 0.65 0.65
Debt to NOPAT		 0.78 0.77 0.78 0.84 0.89 0.90 0.88 0.86 0.84 0.84 0.83
Net Debt to NOPAT		 0.49 0.38 0.35 0.44 0.51 0.38 0.28 0.48 0.45 0.54 0.56
Long-Term Debt to NOPAT		 0.78 0.77 0.78 0.84 0.89 0.90 0.88 0.86 0.84 0.84 0.83
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 1,169 894 259 174 -112 -225 -131 -49 -241 83 146
Operating Cash Flow to CapEx		 47,700.78% 19,509.27% 58,480.99% 46,968.18% 22,337.89% 0.00% 0.00% 60,658.78% 47,999.74% 35,482.10% 178,923.20%
Free Cash Flow to Firm to Interest Expense		 113.51 95.30 27.67 18.57 -12.10 -25.30 -14.72 -5.49 -27.05 9.31 16.46
Operating Cash Flow to Interest Expense		 11.86 17.72 22.65 15.43 18.35 20.93 21.41 19.02 20.54 20.49 25.13
Operating Cash Flow Less CapEx to Interest Expense		 11.83 17.63 22.61 15.39 18.26 21.11 21.41 18.99 20.49 20.44 25.12
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.15 0.16 0.17 0.17 0.18 0.18 0.18 0.18 0.18 0.18 0.18
Fixed Asset Turnover		 23.16 25.09 25.84 26.34 27.12 27.89 28.88 29.94 30.52 31.49 32.83
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,203 5,306 5,441 5,508 5,498 5,715 5,746 5,761 5,938 5,817 5,785
Invested Capital Turnover		 0.18 0.19 0.20 0.20 0.21 0.20 0.20 0.20 0.20 0.20 0.21
Increase / (Decrease) in Invested Capital		 -919 -703 -105 17 295 410 305 253 441 102 39
Enterprise Value (EV)		 4,109 3,987 4,054 4,739 4,970 5,476 6,337 6,069 6,981 6,386 6,447
Market Capitalization		 3,696 3,657 3,757 4,392 4,602 5,204 6,133 5,713 6,636 5,976 6,014
Book Value per Share		 $14.96 $15.63 $16.45 $16.90 $17.20 $18.29 $18.88 $19.19 $20.42 $20.41 $21.18
Tangible Book Value per Share		 $14.96 $15.63 $16.45 $16.90 $17.20 $18.29 $18.88 $19.19 $20.42 $20.41 $21.18
Total Capital		 5,203 5,306 5,441 5,508 5,498 5,715 5,746 5,761 5,938 5,817 5,785
Total Debt		 663 663 663 664 643 643 644 644 644 645 645
Total Long-Term Debt		 663 663 663 664 643 643 644 644 644 645 645
Net Debt		 413 330 297 347 368 273 204 356 345 410 432
Capital Expenditures (CapEx)		 0.26 0.85 0.36 0.31 0.76 -1.63 0.00 0.28 0.38 0.51 0.13
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 663 663 663 664 643 643 644 644 644 645 645
Total Depreciation and Amortization (D&A)		 13 11 10 9.18 9.63 6.23 6.49 4.48 3.43 4.03 2.69
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.82 $0.65 $0.53 $0.67 $0.65 $0.66 $0.64 $0.77 $0.77 $0.74 $0.76
Adjusted Weighted Average Basic Shares Outstanding		 302.62M 305.85M 290.99M 285.91M 281.76M 283.61M 270.31M 265.32M 258.60M 261.68M 244.15M
Adjusted Diluted Earnings per Share		 $0.81 $0.64 $0.53 $0.66 $0.64 $0.66 $0.64 $0.77 $0.77 $0.71 $0.75
Adjusted Weighted Average Diluted Shares Outstanding		 307.19M 311.23M 294.71M 289.57M 285.60M 287.16M 273.11M 266.87M 260.83M 264.00M 246.49M
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		 594.05M 290.43M 573.24M 564.64M 554.62M 269.67M 533.17M 259.23M 253.37M 242.71M 237.44M
Normalized Net Operating Profit after Tax (NOPAT)		 250 191 155 191 183 185 174 204 200 185 185
Normalized NOPAT Margin		 92.16% 66.13% 56.28% 67.92% 63.50% 67.25% 60.99% 68.84% 67.29% 63.07% 62.53%
Pre Tax Income Margin		 116.02% 83.05% 71.23% 86.17% 81.40% 83.78% 77.03% 87.59% 85.58% 80.15% 79.13%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 30.51 26.34 20.87 25.85 25.40 25.75 24.71 29.23 28.49 26.41 26.29
NOPAT to Interest Expense		 24.24 20.41 16.49 20.37 19.76 20.73 19.56 22.95 22.46 20.76 20.84
EBIT Less CapEx to Interest Expense		 30.49 26.25 20.83 25.82 25.32 25.93 24.71 29.20 28.45 26.35 26.27
NOPAT Less CapEx to Interest Expense		 24.21 20.32 16.45 20.34 19.68 20.91 19.56 22.92 22.41 20.70 20.83
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 12.65% 12.82% 13.60% 15.11% 16.79% 17.25% 17.23% 17.19% 16.96% 17.10% 16.93%
Augmented Payout Ratio		 65.00% 57.38% 53.62% 55.36% 58.35% 64.54% 65.86% 75.96% 81.89% 91.74% 107.26%

Key Financial Trends

MGIC Investment reported continued growth in Q1 2025 with total revenue rising to $296.6 million, up 1.3% from Q4 2024. Net income reached $185.5 million, a 6.5% increase over Q1 2024, while diluted earnings per share climbed to $0.75. Operating performance remained strong, with net cash from operations up 22.6% to $223.7 million and free cash flow to the firm nearly doubling year-over-year to $146.4 million. Margins held steady, with a NOPAT margin of ~62.5% and an EBIT margin of ~78.9%. MGIC’s balance sheet stays conservatively financed, with long-term debt of ~$645 million and a debt-to-equity ratio of ~0.125. Valuation metrics remained attractive, trading at a P/E of 7.77 and P/B of 1.17, while maintaining a 2.04% dividend yield.

  • Revenue growth: Q1 2025 revenue of $296.6 million, up 1.3% from Q4 2024.
  • Net income increase: $185.5 million in Q1 2025 vs. $174.1 million in Q1 2024, a 6.5% gain.
  • Strong operating cash flow: $223.7 million in Q1 2025, up 22.6% sequentially.
  • Robust free cash flow: $146.4 million in Q1 2025 vs. $82.9 million in Q4 2024.
  • Stable margins: NOPAT margin at ~62.5% and EBIT margin at ~78.9% in Q1 2025.
  • Interest expense steady at ~$8.9 million per quarter, reflecting stable financing costs.
  • Debt stability: long-term debt of ~$645 million, maintaining a low debt/equity ratio (~0.125).
  • Consistent dividends: $0.13 per share in Q1 2025, yielding ~2.04% at current price.
  • Rising policy acquisition costs: $51.4 million in Q1 2025 vs. $46.6 million in Q4 2024, increasing expense burden.
  • Higher insurance claims: $9.6 million in Q1 2025 vs. $8.7 million in Q4 2024, weighing on underwriting results.
07/16/25 12:46 AMAI Generated. May Contain Errors.

Frequently Asked Questions About MGIC Investment's Financials

When does MGIC Investment's financial year end?

According to the most recent income statement we have on file, MGIC Investment's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MGIC Investment's net income changed over the last 9 years?

In the past 9 years, MGIC Investment's net income has ranged from $342.52 million in 2016 to $1.17 billion in 2015, and is currently $762.99 million as of their latest financial filing in 2024. See where experts think MGIC Investment is headed by visiting MGIC Investment's forecast page.

How has MGIC Investment's revenue changed over the last 9 years?

Over the last 9 years, MGIC Investment's total revenue changed from $971.85 million in 2015 to $1.17 billion in 2024, a change of 20.6%.

How much debt does MGIC Investment have?

MGIC Investment's total liabilities were at $1.37 billion at the end of 2024, a 6.2% decrease from 2023, and a 62.1% decrease since 2015.

How much cash does MGIC Investment have?

In the past 9 years, MGIC Investment's cash and equivalents has ranged from $99.85 million in 2017 to $363.67 million in 2023, and is currently $229.49 million as of their latest financial filing in 2024.

How has MGIC Investment's book value per share changed over the last 9 years?

Over the last 9 years, MGIC Investment's book value per share changed from 6.58 in 2015 to 20.41 in 2024, a change of 210.1%.


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This page (NYSE:MTG) was last updated on 7/16/2025 by MarketBeat.com Staff
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