MTG financial statements
The full income statement, balance sheet, and cash-flow statement for MGIC Investment Corporation (MTG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.21B+0.5% | 1.21B+4.6% | 1.16B-1.5% | 1.17B-1.1% | 1.19B-1.1% | |
| Interest expense | 35.6M+0.0% | 35.6M-3.5% | 36.9M-23.2% | 48.1M-32.7% | 71.4M+19.7% | |
| Gain (loss) on equity securities | 421K+423.8% | -130K-124.5% | 530K+126.3% | -2.01M-334.8% | -463K-183.9% | |
| Pre-tax income | 929M-4.1% | 969M+7.4% | 902M-17.2% | 1.09B+36.0% | 802M+43.4% | |
| Income tax | 190M-7.5% | 206M+8.7% | 189M-15.8% | 225M+34.7% | 167M+47.4% | |
| Net income | 738M-3.2% | 763M+7.0% | 713M-17.6% | 865M+36.3% | 635M+42.3% | |
| $3.14+8.7% | $2.89+16.1% | $2.49-10.8% | $2.79+50.8% | $1.85+43.4% | ||
| EPS (basic) | $3.17+8.6% | $2.92+16.3% | $2.51-11.3% | $2.83+48.9% | $1.90+45.0% | |
| Weighted-avg shares (basic) | 233M-11.0% | 262M-7.7% | 284M-7.3% | 306M-8.5% | 334M-1.7% | |
| Weighted-avg shares (diluted) | 235M-10.9% | 264M-8.1% | 287M-7.7% | 311M-11.4% | 351M-2.2% | |
| Dividends per share | $0.62+14.6% | $0.54+17.9% | $0.46+19.4% | $0.38+28.0% | $0.30+24.4% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 369M+60.8% | 229M-36.9% | 364M+11.1% | 327M+15.0% | 285M-1.1% | |
| Short-term investments | — | — | — | 67.0M | — | |
| 6.64B+1.4% | 6.55B+0.1% | 6.54B+5.2% | 6.21B-15.2% | 7.33B-0.4% | ||
| Property, plant & equipment | 32.5M-9.0% | 35.7M-7.9% | 38.8M-6.4% | 41.4M-9.2% | 45.6M-3.2% | |
| Deferred tax assets | 18.5M-73.5% | 69.9M-12.4% | 79.8M-36.1% | 125M | 0.00 | |
| 1.49B+8.5% | 1.37B-6.2% | 1.47B-6.7% | 1.57B-36.2% | 2.46B-7.2% | ||
| Long-term debt | 646M+0.2% | 645M+0.2% | 643M-3.0% | 663M-42.2% | 1.15B-7.8% | |
| 5.15B-0.5% | 5.17B+2.0% | 5.07B+9.2% | 4.64B-4.5% | 4.86B+3.5% | ||
| Common stock | 219M-11.7% | 248M-33.1% | 371M+0.0% | 371M+0.0% | 371M+0.0% | |
| Additional paid-in capital | 1.81B+0.2% | 1.81B+0.0% | 1.81B+0.5% | 1.80B+0.2% | 1.79B-3.6% | |
| Retained earnings | 3.25B-4.5% | 3.40B-25.9% | 4.59B+14.7% | 4.00B+23.2% | 3.25B+23.0% | |
| Treasury stock | — | 0.00-100.0% | 1.38B+31.8% | 1.05B+55.5% | 675M+71.7% | |
| Accumulated other comprehensive income | -134M+53.4% | -288M+8.9% | -316M+34.3% | -482M-502.3% | 120M-44.8% | |
| Total liabilities & equity | 6.64B+1.4% | 6.55B+0.1% | 6.54B+5.2% | 6.21B-15.2% | 7.33B-0.4% | |
| Common shares issued | 219M-11.7% | 248M-33.1% | 371M+0.0% | 371M+0.0% | 371M+0.0% | |
| Common shares outstanding | 219M-11.7% | 248M-8.8% | 272M-7.1% | 293M-8.4% | 320M-5.4% | |
| Shares outstanding (cover) | 215M-11.4% | 243M-10.0% | 270M-7.1% | 290M-8.0% | 316M-6.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 853M+17.6% | 725M+1.7% | 713M+9.7% | 650M-6.6% | 696M-4.9% | ||
| Depreciation & amortization | 6.95M-62.3% | 18.4M-47.7% | 35.2M-35.1% | 54.3M-17.8% | 66.0M+14.2% | |
| Share-based compensation | 24.4M-22.0% | 31.3M-0.9% | 31.6M+27.6% | 24.8M+44.8% | 17.1M+24.0% | |
| Deferred income taxes | 19.2M+965.2% | 1.80M+16.5% | 1.55M+129.6% | -5.24M-219.2% | 4.39M-84.4% | |
| 228M+260.8% | -142M+20.8% | -179M-143.7% | 410M+355.4% | -161M+79.2% | ||
| Capital expenditure | 1.02M-12.7% | 1.17M-41.3% | 2.00M-38.6% | 3.25M-20.9% | 4.12M+24.3% | |
| Free cash flow | 852M+17.7% | 724M+1.8% | 711M+9.9% | 647M-6.6% | 692M-5.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 1.62B+4.2% | 1.56B+5.9% | 1.47B+117.9% | 674M-56.0% | 1.53B-41.9% | |
| Sales/maturities of investments | 111M+146.0% | 45.1M-88.0% | 377M-5.8% | 400M-15.7% | 474M-43.4% | |
| Proceeds from sale of PP&E | 0.00 | 0.00-100.0% | 2.34M | 0.00 | 0.00 | |
| -940M-30.8% | -719M-45.0% | -496M+52.0% | -1.03B-95.8% | -527M-414.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 789M+38.5% | 569M+68.9% | 337M-12.6% | 386M+32.6% | 291M+142.4% | |
| Dividends paid | 132M+1.5% | 131M+6.1% | 123M+10.8% | 111M+17.8% | 94.2M+14.8% | |
| Interest paid | 34.1M+0.0% | 34.1M-2.8% | 35.1M-34.6% | 53.7M-25.1% | 71.7M+32.0% | |
| Income taxes paid | 77.8M-57.2% | 182M-3.4% | 188M-20.4% | 237M+52.3% | 155M+95.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.28B+9.1% | 5.75B+7.6% | 5.35B+38.5% | 3.86B-15.2% | 4.55B+7.0% | |
| P/E | 8.5×+12.8% | 7.5×+1.5% | 7.4×+63.2% | 4.6×-36.5% | 7.2×-24.8% | |
| P/S | 5.2×+8.6% | 4.8×+3.6% | 4.6×+39.9% | 3.3×-14.4% | 3.8×+8.3% | |
| P/B | 1.2×+9.7% | 1.1×+1.0% | 1.1×+29.6% | 0.9×-9.1% | 0.9×+3.5% | |
| P/FCF | 7.4×-7.2% | 7.9×+2.6% | 7.7×+33.1% | 5.8×-11.5% | 6.6×+12.7% | |
| Earnings yield | 11.8%-11.3% | 13.3%-1.5% | 13.5%-38.7% | 22.0%+57.4% | 14.0%+33.0% | |
| FCF yield | 13.6%+7.8% | 12.6%-2.6% | 12.9%-24.9% | 17.2%+13.0% | 15.2%-11.3% | |
| Dividend yield | 2.1%-7.0% | 2.3%-4.1% | 2.4%-19.6% | 2.9%+41.9% | 2.1%+8.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MTG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MTG filings on SEC EDGAR → Not investment advice.