A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
See the "Glossary of terms and acronyms" for definitions and descriptions of terms used throughout this annual report. We are a holding company and through wholly-owned subsidiaries we provide private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. In 2025, our total revenues were $1.2 billion and our primary NIW was $60.2 billion. As of December 31, 2025, our direct primary IIF was $303.1 billion and our direct primary RIF was $81.2 billion. For further information about our results of operations, see our consolidated financial statements in Item 8 and our MD&A in Item 7. As of December 31, 2025, our principal mortgage insurance subsidiary, MGIC, was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam. During 2025, we wrote new insurance in each of those jurisdictions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B | 1.2B |
| Net Income | 738M | 738M | 763M | 713M | 865M | 635M |
| EPS | $3.14 | $3.14 | $2.89 | $2.49 | $2.79 | $1.85 |
| Free Cash Flow | 852M | 852M | 724M | 711M | 647M | 692M |
| ROIC | 13.6% | 14.3% | 14.0% | 12.9% | 15.3% | 10.6% |
| Gross Margin | 76.5% | 76.5% | 80.2% | 78.1% | 92.9% | 67.6% |
| Debt/Equity | 0.13 | 0.13 | 0.12 | 0.13 | 0.14 | 0.24 |
| Dividends/Share | $0.56 | $0.56 | $0.49 | $0.43 | $0.36 | $0.27 |
| Operating Income | 929M | 929M | 969M | 902M | 1.1B | 802M |
| Operating Margin | 76.5% | 76.5% | 80.2% | 78.1% | 92.9% | 67.6% |
| ROE | 14.3% | 14.3% | 14.9% | 14.7% | 18.2% | 13.3% |
| Shares Outstanding | 235M | 235M | 264M | 286M | 310M | 343M |
MGIC INVESTMENT CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
MGIC INVESTMENT CORP trades at 8.7x trailing earnings, compared to its 15-year median P/E of 7.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 6.9x vs a median of 7.4x. The company's 5-year average ROIC is 13.4% with a gross margin of 79.1%. Total shareholder yield (dividends + buybacks) is 14.4%. At current prices, the estimated annualized return to fair value is +12.5%.
MGIC INVESTMENT CORP (MTG) has a current P/E ratio of 8.7, compared to its historical median P/E of 7.7. The stock is currently considered Fair based on its historical valuation range.
MGIC INVESTMENT CORP (MTG) has a 5-year average return on invested capital (ROIC) of 13.4%. This indicates solid capital allocation.
MGIC INVESTMENT CORP (MTG) has a market capitalization of $6.4B. It is classified as a mid-cap stock.
Yes, MGIC INVESTMENT CORP (MTG) pays a dividend with a trailing twelve-month yield of 2.07%. The company also returns capital through share buybacks, with a buyback yield of 12.29%.
Based on historical P/E analysis, MGIC INVESTMENT CORP (MTG) appears fair. The current P/E of 8.7 is 13% above its historical median of 7.7. The estimated fair value CAGR (P/E method) is 11.9%.
MGIC INVESTMENT CORP (MTG) operates in the Surety Insurance industry, within the Financials sector.
MGIC INVESTMENT CORP (MTG) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
MGIC INVESTMENT CORP (MTG) has a net profit margin of 60.8%. This is a strong margin indicating high profitability.
MGIC INVESTMENT CORP (MTG) generated $852 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MGIC INVESTMENT CORP (MTG) has a debt-to-equity ratio of 0.13. This indicates a conservatively financed balance sheet.
MGIC INVESTMENT CORP (MTG) reported earnings per share (EPS) of $3.14 in its most recent fiscal year.
MGIC INVESTMENT CORP (MTG) has a return on equity (ROE) of 14.3%. This indicates moderate shareholder returns.
MGIC INVESTMENT CORP (MTG) has a 5-year average gross margin of 79.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for MGIC INVESTMENT CORP (MTG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MGIC INVESTMENT CORP (MTG) has a book value per share of $21.89, based on its most recent annual SEC filing.
No recent press releases.