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Mgic Investment Corp. (MTG)

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Mgic Investment Corp. (MTG) reported revenue of $295 million for Q2 FY2026, the quarter ended 30 June 2026, down 2.9% on the same quarter a year earlier. Net income was $182 million, down 5.4% on the year, and diluted earnings per share $0.86. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$295 milliondown 2.9%
Net income$182 milliondown 5.4%
Diluted EPS$0.86
QuarterQ2 FY2026ended 30 June 2026

Mgic Investment (MTG) in brief

Mgic Investment (MTG) reported revenue of $1.2 billion for fiscal 2025, the year ended 31 December 2025, up 0.5% on the year before.
Read moreNet income was $738 million and diluted earnings per share $3.14. Revenue was $1.2 billion in fiscal 2024, $1.2 billion in fiscal 2023, $1.2 billion in fiscal 2022 and $1.2 billion in fiscal 2021. Net income in the same years was $763 million, $713 million, $865 million and $635 million. Over the twelve months to 30 June 2026, Mgic Investment reported revenue of $1.2 billion and net income of $708 million. Revenue grew 0.2% a year, compounded, over the five years to fiscal 2025. Mgic Investment declared $0.60 a share in dividends over the last four quarters and had 207 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Mgic Investment was $5.8 billion, 8.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.1%
ROCE17.6%
Operating margin74.0%
Net margin59.2%
FCF margin59.1%
Interest cover24.84
Debt to equity0.13
Cash conversion1.00
Share count, 1 year-11.4%
Sales CAGR, 3 years1.1%
Profit CAGR, 3 years-5.2%
EPS, TTM$3.20

At the close of 8 October 2026

Price$27.87
Market cap$5.8 billion
Stock P/E8.71
Price to book1.15
EV / EBITDA6.25
Dividend yield2.2%
Market cap / sales4.82
52-week high$31.47
52-week low$24.86
Price, 1 year3.3%
Price CAGR, 3 years17.3%
Price CAGR, 5 years12.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Mgic Investment Corp. files it, at the balance sheet of 31 December 2023, the latest that carries it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MTGgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MTG

Filings13 in twelve months: 7 current reports (8-K), about 4 results of operations; 2 officer or director change; 1 shareholder vote
Planned insider sales24 Form 144 notices in twelve months, $46.0 million; latest 1 October 2026
Options tapeput/call 0.23 by open interest at the 8 October 2026 close; the straddle prices a 12.7% move to 16 October 2026
13F holders6 of the followed funds hold it; largest Geode Capital Management; 7 Schedule 13D or 13G filings in twelve months
Insider trading27 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.5 million shares short, 4.57 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue297284294305307301306304305299297295
Operating income234230220260254235235246235213207230
Operating margin79%81%75%85%83%78%77%81%77%71%70%78%
Interest expense9.38.98.98.98.98.98.98.98.98.98.98.9
Pre-tax income234230220260254235235246235213207230
Tax rate22%20%21%21%21%21%21%22%19%20%20%21%
Net income183185174204200185185192191169165182
Net margin62%65%59%67%65%61%61%63%63%57%56%62%
Diluted EPS$0.64$0.66$0.64$0.77$0.77$0.72$0.75$0.81$0.83$0.75$0.76$0.86
Operating cash flow17018619116918318222418321523176.9185
Capital expenditure0.80.50.00.30.40.50.10.00.30.60.20.5
Free cash flow16918619116918218222418321523076.7184
Buybacks66.512095.2156124195225186188189192185
Dividends paid32.531.833.430.633.732.933.930.834.433.435.231.6
Shares outstanding279m272m269m261m256m248m240m233m226m219m213m207m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue9421,0411,0621,0661,1241,2141,1991,1861,1731,1551,2081,2141,196
Operating income2554885157848448485598021,090902969929885
Operating margin27.0%46.9%48.4%73.6%75.1%69.9%46.6%67.6%92.9%78.1%80.2%76.5%74.0%
Interest expense69.668.956.757.053.052.759.671.448.136.935.635.635.6
Pre-tax income2554885157848448485598021,090902969929885
Income tax2.8-684172429174174113167225189206190177
Effective tax rate1.1%-140.3%33.5%54.7%20.6%20.5%20.2%20.8%20.6%21.0%21.2%20.5%20.0%
Net income2521,172343356670674446635865713763738708
Net margin26.8%112.6%32.2%33.4%59.6%55.5%37.2%53.6%73.8%61.7%63.2%60.8%59.2%
Diluted EPS$0.64$2.60$0.86$0.95$1.78$1.85$1.29$1.85$2.79$2.49$2.89$3.14$3.20
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Mgic Investment: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-405161225407545610732696650713725853708
Capital expenditure4.74.610.616.114.25.63.34.13.32.01.21.01.5
Free cash flow-410157214391530604729692647711724852706
Free cash flow margin-43.5%15.1%20.2%36.6%47.2%49.7%60.8%58.4%55.1%61.5%59.9%70.2%59.1%
Cash from investingn/a-97.0-93.4-304-318-422-773-161410-179-142228120
Cash from financingn/a-81.2-157-159-172-173168-527-1,033-496-719-940-911
Depreciation and amortisation48.952.661.364.458.248.857.866.054.335.218.46.93.6
Share-based compensation9.211.911.414.920.918.913.817.124.831.631.324.423.8
Buybacks0.00.01470.0163126120291386337569789754
Dividends paidn/an/an/a0.00.041.982.194.2111123130132135
Dividend per share$0.00$0.00$0.00$0.00n/an/a$0.06n/an/an/an/an/a$0.60
Diluted shares, weighted414m468m432m395m386m374m359m351m311m287m264m235m211m
Shares outstanding at period end339m340m341m371m355m347m339m320m293m272m248m219m207m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1,0372,2362,5493,1553,5824,3094,6994,8614,6435,0725,1725,1485,013
Debt1,2961,2121,1798308328331,2431,147663643n/an/an/a
Other liabilities2,9332,4322,0071,6351,2641,0881,4121,3179088231,3751,4921,514
Total liabilities and equity5,2665,8805,7355,6195,6786,2307,3557,3256,2146,5386,5476,6396,527
Owned
Fixed assets28.730.136.144.951.750.147.145.641.438.835.732.531.6
Investmentsn/an/an/an/an/an/an/an/a67.0n/an/an/an/a
Securities held for sale or to maturity4,6104,6584,6854,9835,1525,7386,6626,588n/a5,7235,8525,7915,701
Cash and equivalents19818115599.9152162288285327364229369207
Other assets4301,0118584913222803584075,778413430447587
Total assets5,2665,8805,7355,6195,6786,2307,3557,3256,2146,5386,5476,6396,527
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.5%0.2%1.1%-1.9%
Profit growth, compounded-4.5%10.6%-5.2%-7.2%
Return on equity, average14.3%15.0%14.4%14.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.7627.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.7 billion10.5920.6%15.4%5.6%0.23n/a
First American Financial Corp. FAF$6.4 billion8.7013.3%12.3%22.6%n/a3.5%
Mgic Investment Corp. MTG$5.8 billion8.7114.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.7 billion8.8712.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.2 billion11.8325.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.1 billion10.5613.6%11.5%7.0%0.251.8%
CNO Financial Group, Inc. CNO$5.0 billion18.4010.8%13.3%6.0%0.521.3%
All 52 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.09 trillion12.7311.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$335.7 billion23.8713.5%4.8%6.5%0.672.4%
Chubb Ltd. CB$132.6 billion12.1614.8%23.1%8.0%0.231.1%
Progressive Corp. PGR$127.2 billion10.9734.1%16.2%10.5%0.246.4%
Elevance Health, Inc. ELV$86.9 billion17.8211.1%2.7%6.3%0.691.7%
Marsh & Mclennan Companies, Inc. MRSH$83.0 billion21.2325.8%21.6%8.3%1.272.0%
Travelers Companies, Inc. TRV$77.2 billion9.8725.1%21.1%2.4%0.270.8%
Cigna Group CI$74.3 billion11.6315.1%3.5%7.8%0.682.1%
Manulife Financial Corporation MFC *$69.9 billion19.3511.1%n/an/a0.153.4%
Metlife Inc. MET$62.8 billion18.8313.2%8.3%8.7%0.522.3%
Arthur J. Gallagher & Co. AJG$60.0 billion38.816.6%12.6%26.3%0.571.1%
Aon plc AON$58.8 billion15.2840.8%26.5%4.9%1.351.1%
Allstate Corp. ALL$58.6 billion4.6139.4%23.2%5.9%0.221.7%
Aflac Inc. AFL$57.7 billion12.4016.0%32.0%13.6%0.282.0%
Humana Inc. HUM$46.5 billion36.626.7%1.9%18.3%0.620.9%
Sun Life Financial Inc. SLF *$42.0 billion17.5714.5%n/a8.0%0.333.5%
American International Group, Inc. AIG$40.4 billion14.097.3%13.6%-4.2%0.222.3%
Prudential Financial Inc. PRU$39.2 billion10.2912.4%7.6%9.4%0.624.8%
Hartford Insurance Group, Inc. HIG$35.1 billion8.3722.2%17.3%7.0%0.221.7%
Arch Capital Group Ltd. ACGL$32.8 billion7.5119.5%26.9%0.4%0.185.2%
Centene Corp. CNC$31.9 billionn/a-22.6%-2.8%13.9%0.71n/a
Everest Group, Ltd. EG$27.8 billion7.8912.4%13.4%-5.1%0.032.1%
Willis Towers Watson plc WTW$27.7 billion18.3220.4%22.2%3.0%0.751.2%
W. R. Berkley Corp. WRB$26.7 billion14.7919.6%n/a4.3%n/a2.6%
Cincinnati Financial Corp. CINF$25.4 billion7.7920.0%29.8%19.6%0.052.1%
Principal Financial Group Inc. PFG$23.6 billion15.6412.8%11.9%3.7%0.362.8%
Loews Corp. L$22.0 billion13.208.8%12.3%3.5%0.470.2%
Brown & Brown, Inc. BRO$21.0 billion20.119.6%n/a34.2%0.621.0%
Reinsurance Group of America Inc. RGA$16.7 billion11.2411.0%7.2%19.4%0.421.4%
Corebridge Financial, Inc. CRBG$15.3 billion20.128.5%5.4%29.1%0.832.8%
Globe Life Inc. GL$15.3 billion11.0319.7%24.2%5.2%0.480.7%
Unum Group UNM$14.7 billion21.596.5%6.8%3.4%0.351.9%
Equitable Holdings, Inc. EQH$14.6 billionn/an/a-5.7%-22.1%n/a2.0%
Renaissancere Holdings Ltd. RNR$13.9 billion5.6522.3%39.6%-14.0%0.200.5%
Assurant, Inc. AIZ$13.5 billion13.0317.4%9.9%9.4%0.351.2%
Erie Indemnity Co. ERIE$11.8 billion20.5223.4%17.9%3.7%0.00n/a
American Financial Group Inc. AFG$11.8 billion12.4119.8%14.5%-0.2%0.385.1%
Fidelity National Financial, Inc. FNF$10.7 billion13.8610.4%11.3%13.0%0.595.1%
Molina Healthcare, Inc. MOH$10.2 billionn/a-0.2%0.5%2.6%0.90n/a
OLD Republic International Corp. ORI$9.3 billion8.4518.7%14.8%12.1%n/a9.5%
Voya Financial, Inc. VOYA$8.8 billion16.3013.0%9.1%3.2%0.451.9%
Primerica, Inc. PRI$8.5 billion11.0731.5%29.9%8.6%0.241.5%
Kinsale Capital Group, Inc. KNSL$7.7 billion13.7627.9%35.7%15.8%0.110.2%
Hanover Insurance Group, Inc. THG$7.7 billion10.5920.6%15.4%5.6%0.23n/a
First American Financial Corp. FAF$6.4 billion8.7013.3%12.3%22.6%n/a3.5%
Mgic Investment Corp. MTG$5.8 billion8.7114.1%74.0%-1.9%0.132.2%
Essent Group Ltd. ESNT$5.7 billion8.8712.0%62.0%4.3%0.082.1%
RLI Corp. RLI$5.2 billion11.8325.0%28.0%8.7%0.174.7%
Selective Insurance Group Inc. SIGI$5.1 billion10.5613.6%11.5%7.0%0.251.8%
CNO Financial Group, Inc. CNO$5.0 billion18.4010.8%13.3%6.0%0.521.3%
Brighthouse Financial, Inc. BHF$2.8 billion3.9412.7%14.7%2.6%0.48n/a
Ryan Specialty Holdings, Inc. RYANn/an/a19.4%14.8%14.4%7.13n/a
2 companies share its SEC industry code (Surety Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202629 April 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202530 April 2025EDGAR
10-K31 December 202426 February 2025EDGAR
10-Q30 September 20244 November 2024EDGAR
10-Q30 June 202431 July 2024EDGAR
10-Q31 March 20241 May 2024EDGAR

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