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MGIC Investment Corp (MTG) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · INSURANCE - SPECIALTY · DATA UPDATED 2026-08-15

MGIC Investment Corp (MTG) operates in the INSURANCE - SPECIALTY industry and is headquartered in Milwaukee, United States with about 542 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, MTG reported $1.2B in revenue and $738M in net income.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam.

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MTG Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B$1.0B$943M$1.0B$1.4B$1.5B$1.5B$1.7B$1.7B$1.7B$1.5B
Gross Profit$1.1B$1.2B$1.2B$1.2B$1.4B$1.1B$822M$1.1B$1.1B$1.0B$813M$713M$464M$215M($635M)($173M)($43M)($1.7B)($2.1B)($2.2B)$565M
Gross Margin %92.4%94.9%100.5%100.0%120.6%93.5%68.5%89.2%95.7%93.9%76.5%68.4%49.2%20.7%-46.1%-11.5%-2.8%-99.3%-122.5%-129.5%38.4%
Operating Income (EBIT)$901M$929M$969M$902M$1.1B$802M$559M$848M$844M$784M$515M$488M$255M($46M)($929M)($484M)($359M)($1.8B)($948M)($2.2B)$525M
Operating Margin %75.4%76.5%80.2%78.1%92.9%67.6%46.6%69.8%75.1%73.6%48.4%46.8%27.0%-4.4%-67.4%-32.2%-23.6%-103.3%-55.0%-132.0%35.8%
Net Income$708M$738M$763M$713M$865M$635M$446M$674M$670M$356M$343M$1.2B$252M($50M)($927M)($486M)($364M)($1.3B)($525M)($1.7B)$565M
Net Margin %59.2%60.8%63.2%61.7%73.8%53.5%37.2%55.5%59.6%33.4%32.2%112.5%26.7%-4.8%-67.3%-32.3%-23.9%-77.4%-30.5%-98.6%38.4%
EBITDA$922M$971M$1.0B$902M$1.2B$939M$677M$949M$955M$906M$633M$609M$373M$103M($729M)($296M)($200M)($1.6B)($833M)($2.2B)$587M
Earnings Per Share (EPS)$3.20$3.27$2.89$2.48$2.78$1.81$1.24$1.80$1.74$0.90$0.79$2.50$0.61$-0.15$-4.59$-2.42$-1.81$-10.65$-4.61$-20.54$6.65
Shares Outstanding (M)211M226M264M287M311M351M359M374M386M395M432M468M414M338M202M201M200M124M114M81M85M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MTG Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$295M$297M$299M$305M$304M$306M$301M$307M
Gross Profit$283M$263M$267M$292M$305M$295M$290M$314M
Gross Margin %95.8%88.4%89.5%95.8%100.4%96.3%96.3%102.5%
Operating Income (EBIT)$239M$215M$213M$235M$246M$235M$235M$254M
Operating Margin %80.8%72.2%71.2%77.2%80.9%76.6%77.9%82.9%
Net Income$182M$165M$169M$191M$192M$185M$185M$200M
Net Margin %61.7%55.6%56.7%62.8%63.3%60.6%61.3%65.2%
EBITDA$241M$215M$222M$245M$258M$246M$248M$267M
Earnings Per Share (EPS)$0.86$0.76$0.75$0.83$0.81$0.75$0.72$0.77
Shares Outstanding (M)211M218M226M231M238M246M255M261M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MTG Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$708M$853M$725M$713M$650M$696M$732M$610M$545M$407M$220M$152M($410M)($972M)($1.6B)($1.9B)($875M)$330M$1.4B$632M$498M
Capital Expenditures (CapEx)$2M$1M$1M$2M$3M$4M$3M$6M$14M$16M$11M$5M$5M$1M$0M$0M$0M$0M$0M$0M$0M
Free Cash Flow (FCF)$706M$852M$724M$711M$647M$692M$729M$604M$530M$391M$209M$147M($415M)($972M)($1.6B)($1.9B)($875M)$330M$1.4B$632M$498M
FCF Margin %59.1%70.2%59.9%61.6%55.1%58.4%60.8%49.8%47.2%36.6%19.7%14.2%-44.0%-93.5%-113.8%-125.2%-57.6%19.3%79.3%37.3%33.9%
Dividends Paid$135M$132M$130M$123M$111M$94M$82M$42M$42M$42M$42M$0M$0M$0M$0M$0M$0M$8M$64M$85M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MTG Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$185M$77M$231M$215M$183M$224M$182M$183M
Capital Expenditures (CapEx)$0M$0M$1M$0M$0M$0M$1M$0M
Free Cash Flow (FCF)$184M$77M$230M$215M$183M$224M$182M$182M
FCF Margin %62.5%25.8%77.1%70.7%60.1%73.0%60.3%59.5%
Dividends Paid$32M$35M$33M$34M$31M$34M$33M$34M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MTG Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$6.5B$6.6B$6.5B$6.5B$6.2B$7.3B$7.4B$6.2B$5.7B$5.6B$5.7B$5.9B$5.3B$5.6B$5.6B$7.2B$9.3B$9.4B$9.1B$7.7B$6.6B
Cash & Cash Equivalents$207M$369M$229M$364M$327M$285M$288M$162M$152M$100M$155M$181M$215M$350M$1.0B$996M$1.3B$1.2B$1.1B$289M$294M
Total Liabilities$1.5B$1.5B$1.4B$1.5B$1.6B$1.1B$2.7B$1.9B$2.1B$2.5B$3.2B$3.6B$4.2B$4.9B$5.4B$6.0B$7.7B$8.1B$6.7B$5.1B$2.3B
Total Debt (Short + Long-Term)$647M$646M$645M$643M$642M$2.1B$1.2B$421M$420M$1.2B$1.9B$2.0B$969M$1.0B$545M$516M$1.0B$1.0B$1.8B$1.6B$1.6B
Total Shareholders' Equity$5.0B$5.1B$5.2B$5.1B$4.6B$6.2B$4.7B$4.3B$3.6B$3.2B$2.5B$2.2B$1.0B$745M$197M$1.2B$1.7B$1.3B$2.4B$2.6B$4.3B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MTG viewer.

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