MGIC Investment Corporation (MTG)

MGIC Investment Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	971.88	970.81	952.55	1,007	1,014	1,022
Total Interest & Dividend Income	246.34	244.64	214.74	167.48	156.44	154.4
Gain (Loss) on Sale of Investments	-0.6	-9.85	-14.14	-7.46	5.86	12.58
Other Revenue	1.98	2.13	1.95	5.64	8.96	10.23
Total Revenue	1,220	1,208	1,155	1,173	1,186	1,199
Revenue Growth (YoY)	4.64%	4.56%	-1.51%	-1.09%	-1.12%	-1.22%
Policy Benefits	-9.83	-14.86	-20.86	-254.57	64.58	364.77
Policy Acquisition & Underwriting Costs	182.01	186.96	205.22	224.29	193.94	174.98
Total Operating Expenses	200.49	203.42	215.97	-5.5	275.62	553.55
Operating Income	1,019	1,004	939.13	1,178	910.05	645.59
Interest Expense	-35.6	-35.6	-36.91	-48.05	-71.36	-59.6
EBT Excluding Unusual Items	983.51	968.71	902.23	1,130	838.69	586
Other Unusual Items	-	-	-	-40.2	-36.91	-26.74
Pretax Income	983.51	968.71	902.23	1,090	801.78	559.26
Income Tax Expense	209.15	205.72	189.28	224.69	166.79	113.17
Net Income	774.36	762.99	712.95	865.35	634.98	446.09
Net Income to Common	774.36	762.99	712.95	865.35	634.98	446.09
Net Income Growth	5.71%	7.02%	-17.61%	36.28%	42.34%	-33.79%
Shares Outstanding (Basic)	255	262	284	306	334	340
Shares Outstanding (Diluted)	257	264	287	311	351	359
Shares Change (YoY)	-8.67%	-8.06%	-7.74%	-11.41%	-2.22%	-3.91%
EPS (Basic)	3.04	2.92	2.51	2.83	1.90	1.31
EPS (Diluted)	3.00	2.89	2.49	2.79	1.85	1.29
EPS Growth	15.33%	16.23%	-10.91%	50.99%	43.40%	-30.36%
Free Cash Flow	756.85	723.86	710.96	646.76	692.2	729
Free Cash Flow Per Share	2.94	2.74	2.48	2.08	1.97	2.03
Dividend Per Share	0.505	0.490	0.430	0.360	0.280	0.240
Dividend Growth	13.48%	13.95%	19.44%	28.57%	16.67%	100.00%
Operating Margin	83.56%	83.16%	81.30%	100.47%	76.75%	53.84%
Profit Margin	63.49%	63.18%	61.72%	73.79%	53.55%	37.20%
Free Cash Flow Margin	62.06%	59.94%	61.55%	55.15%	58.38%	60.79%
EBITDA	1,034	1,023	974.36	1,233	976.07	703.41
EBITDA Margin	84.76%	84.68%	84.35%	105.09%	82.32%	58.66%
D&A For EBITDA	14.65	18.44	35.23	54.25	66.01	57.81
EBIT	1,019	1,004	939.13	1,178	910.05	645.59
EBIT Margin	83.56%	83.16%	81.30%	100.47%	76.75%	53.84%
Effective Tax Rate	21.27%	21.24%	20.98%	20.61%	20.80%	20.23%
Revenue as Reported	1,220	1,208	1,155	1,173	1,186	1,199

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q