MGIC Investment Corp
NYSE: MTG · FINANCIAL SERVICES · INSURANCE - SPECIALTY
Updated 2026-06-05
MGIC Investment Corp (MTG) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $1.47B | $564.74M | 38.44% | 35.76% | 38.44% |
| 2007 | $1.69B | $-1.67B | -129.50% | -131.98% | -98.63% |
| 2008 | $1.72B | $-525.36M | -122.46% | -55.05% | -30.52% |
| 2009 | $1.71B | $-1.32B | -99.34% | -103.31% | -77.39% |
| 2010 | $1.52B | $-363.74M | -2.81% | -23.64% | -23.92% |
| 2011 | $1.50B | $-485.89M | -11.51% | -32.19% | -32.30% |
| 2012 | $1.38B | $-927.08M | -46.09% | -67.37% | -67.26% |
| 2013 | $1.04B | $-49.85M | 20.72% | -4.44% | -4.80% |
| 2014 | $942.63M | $251.95M | 49.19% | 27.02% | 26.73% |
| 2015 | $1.04B | $1.17B | 68.44% | 46.83% | 112.55% |
| 2016 | $1.06B | $342.52M | 76.49% | 48.44% | 32.24% |
| 2017 | $1.07B | $355.76M | 93.92% | 73.59% | 33.37% |
| 2018 | $1.12B | $670.10M | 95.69% | 75.11% | 59.63% |
| 2019 | $1.21B | $673.76M | 89.24% | 69.85% | 55.50% |
| 2020 | $1.20B | $446.09M | 68.55% | 46.64% | 37.20% |
| 2021 | $1.19B | $634.98M | 93.49% | 67.62% | 53.55% |
| 2022 | $1.17B | $865.35M | 120.65% | 92.94% | 73.79% |
| 2023 | $1.16B | $712.95M | 100.00% | 78.11% | 61.72% |
| 2024 | $1.21B | $762.99M | 100.49% | 80.21% | 63.18% |
| 2025 | $1.21B | $738.35M | 94.90% | 76.51% | 60.84% |
Frequently asked questions
What is MGIC Investment Corp's revenue?
MGIC Investment Corp's trailing twelve-month revenue is $1.20B, and consensus projects about $1.42B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MTG?
In its most recent fiscal year, MTG ran a gross margin of 94.90%, an operating margin of 76.51%, and a net margin of 60.84%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MTG generate?
MTG produced $851.77M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MTG's balance sheet healthy?
MTG holds $375.51M in cash and equivalents against $646.14M in long-term debt, on $5.15B of shareholder equity. That debt is best read against the cash flow the business throws off each year.