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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›MTG›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

MGIC INVESTMENT CORP (MTG) financials

Income statement

MGIC INVESTMENT CORP (MTG) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.06B$1.07B$1.12B$1.21B$1.20B$1.19B$1.17B$1.16B$1.21B$1.21B
Revenue growth—0.3%5.4%8.0%-1.2%-1.1%-1.1%-1.5%4.6%0.5%
Net income$343M$356M$670M$674M$446M$635M$865M$713M$763M$738M
Net margin32.2%33.4%59.6%55.5%37.2%53.6%73.8%61.7%63.2%60.8%
EPS (diluted)$0.86$0.95$1.78$1.85$1.29$1.85$2.79$2.49$2.89$3.14

Cash flow

MGIC INVESTMENT CORP (MTG) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$225M$407M$545M$610M$732M$696M$650M$713M$725M$853M
Capital expenditures$10.6M$16.1M$14.2M$5.64M$3.31M$4.12M$3.25M$2.00M$1.17M$1.02M
Free cash flow$214M$391M$530M$604M$729M$692M$647M$711M$724M$852M
Share buybacks$147M$0.00$163M$126M$120M$291M$386M$337M$569M$789M
Dividends paid—$0.00$0.00$41.9M$82.1M$94.2M$111M$123M$131M$132M

Balance sheet

MGIC INVESTMENT CORP (MTG) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$155M$99.9M$152M$162M$288M$285M$327M$364M$229M$369M
Total assets$5.73B$5.62B$5.68B$6.23B$7.35B$7.33B$6.21B$6.54B$6.55B$6.64B
Total liabilities$3.19B$2.46B$2.10B$1.92B$2.66B$2.46B$1.57B$1.47B$1.37B$1.49B
Long-term debt$1.18B$830M$832M$833M$1.24B$1.15B$663M$643M——
Shareholders' equity$2.55B$3.15B$3.58B$4.31B$4.70B$4.86B$4.64B$5.07B$5.17B$5.15B
Retained earnings$633M$977M$1.65B$2.28B$2.64B$3.25B$4.00B$4.59B$3.40B$3.25B
Shares (wtd avg diluted)432M395M386M374M359M351M311M287M264M235M

Every figure is extracted from MGIC INVESTMENT CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is MGIC INVESTMENT CORP's annual revenue?
MGIC INVESTMENT CORP (MTG) reported $1.21B of revenue for fiscal year 2025 — up 0.5% from $1.21B in FY2024, per its annual report filed with the SEC.
Is MGIC INVESTMENT CORP profitable?
Yes — MTG earned $738M of net income in FY2025, a 60.8% net margin, per SEC filings.
What is MGIC INVESTMENT CORP's free cash flow?
$852M in FY2025 (operating cash flow $853M minus $1.02M of capital expenditures), from the SEC cash-flow statement.
Does MTG pay a dividend?
Yes — MGIC INVESTMENT CORP paid $132M in cash dividends during FY2025, per its SEC cash-flow statement.
Full MTG analysis — verdict, score & filings →Is MTG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.