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Mgic Investment Corp. MTG

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▲ 0.5% YoY
$738.3M
▼ 3.2% YoY
$851.8M
▲ 17.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of December 31, 2025, its principal mortgage insurance subsidiary, MGIC, was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam. As of December 31, 2025, it had 542 co-workers, not including "on-call" and part-time co-workers. The company is a Wisconsin corporation organized in 1984, with its principal office at MGIC Plaza, 250 East Kilbourn Avenue, Milwaukee, Wisconsin.

Written from the business description in MGIC Investment Corp's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income 0.7
1.0B2.0B-0.5B-1.0B
2008201120142017202020232025
Compound annual growth
+1.1%
+0.2%
+1.5%
−1.5%
−5.2%
+10.6%
−4.5%
+4.0%
+19.5%
+1.9%
+22.9%
+35.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +0.2% a year over the five years to FY2025 — but profit grew faster: net income at +10.6%, earnings per share at +19.5%.

The share count fell from 0.34B to 0.22B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

61 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 76.5% · Net 60.8%
50%100%-20%-40%-60%
200820162025
ROE
FY2025 · ROE 14.3%
20%40%60%-50%-100%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 921.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 851.8
300M600M-400M-800M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 132.5 · Net buybacks 788.6
400M800MDividendsNet buybacks
20082010201520172019202120232025

USD 132.5M in dividends and USD 788.6M in buybacks — 125% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 6.6B
EquityUSD 5.1B
CashUSD 369.0M

Equity funds 78% of total assets.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MTG, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.21.21.21.21.21.21.21.11.11.11.00.91.01.41.51.51.71.7
Operating income $B0.91.00.91.10.80.60.8◌◌◌◌◌◌◌◌◌◌◌
EBITDA $B0.91.00.91.10.90.60.9◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.20.20.20.20.20.10.20.20.40.2−0.70.00.0−0.00.00.0−0.4−0.4
Net income $B0.70.80.70.90.60.40.70.70.40.31.20.3−0.0−0.9−0.5−0.4−1.3−0.5
Free cash flow $B0.90.70.70.60.70.70.60.50.40.20.2−0.4−1.0◌◌◌◌◌
EPS, diluted $3.142.892.492.791.851.291.851.780.950.862.600.64−0.16−4.59−2.42−2.06−10.65−4.61
Dividend / sh $◌◌◌◌◌0.06◌◌0.000.000.000.000.000.000.000.000.000.07
Payout %181717131518600——————−0−0−2
ROE %14.314.914.718.213.39.917.119.912.514.371.628.3−10.6−133.0−33.9−24.5−101.5◌
Shares out B0.220.250.270.290.320.340.350.360.370.340.340.340.340.200.200.200.13◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySurety Insurance
Listed onNYSE
Incorporated inWisconsin
Fiscal year endsDecember 31
Data on record since2008

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