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Companies / Financials / MGIC Investment Corporation
MTG

MGIC Investment Corporation

FinancialsInsurance
Ticker MTGMILWAUKEE, WIFiscal year ends DecemberBook value per share $22.92Diluted shares 211.5M

MGIC Investment Corporation (NYSE: MTG) is a holding company whose subsidiaries provide private mortgage insurance, mortgage credit risk management solutions, and related services. Its primary insurance protects lenders against a portion of losses when borrowers default on residential mortgages, supporting… From the company’s description.

Over the twelve months to Sep 30, 2026, MGIC Investment Corporation reported revenue of $1.19B, down 2.2% from a year earlier, and net income of $691.73M. Its operating margin was 76.3%, and operations generated $709.06M in cash. In fiscal 2025, it reported revenue of $1.21B, up 0.5% from fiscal 2024, and net income of $738.35M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.21BFY2025
+0.5% year over year
Last 12 mo $1.19B
79.41%FY2025
−4.6 percentage points
Last 12 mo 76.31%
$738.35MFY2025
−3.2% year over year
Last 12 mo $691.73M
14.34%FY2025
−0.4 percentage points
Last 12 mo 14.27%
Cash & financing
$852.80MFY2025
+17.6% year over year
Last 12 mo $709.06M
$851.77MFY2025
+17.7% year over year
Last 12 mo $707.69M
0.15FY2025
Was 0.12× a year earlier
Last 12 mo 0.17
235.1MFY2025
−10.9% year over year
Last 12 mo 211.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MGIC Investment Corporation does

In the company’s own words

MGIC Investment Corporation (NYSE: MTG) is a holding company whose subsidiaries provide private mortgage insurance, mortgage credit risk management solutions, and related services. Its primary insurance protects lenders against a portion of losses when borrowers default on residential mortgages, supporting low-down-payment home financing, particularly for first-time and low- and medium-wealth homebuyers. Customers include banks, mortgage bankers, credit unions, savings institutions, brokers, and other residential loan originators. The company also provides insurance and reinsurance for credit risk transfer programs involving mortgage pools acquired by Fannie Mae and Freddie Mac. Its principal mortgage insurance subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), operates across all 50 states, the District of Columbia, Puerto Rico, and Guam. The company reports its operations on a consolidated basis rather than describing reportable business segments. In 2025, it generated $1.2 billion in total revenue and wrote $60.2 billion of new primary insurance; at year-end, its primary insurance in force was $303.1 billion. MGIC Investment was organized in 1984, and MGIC traces the modern private mortgage insurance industry to its founding in 1957.

Company details
Sector
Financials
Industry (SIC)
Insurance
Headquarters
MILWAUKEE, WI
Fiscal year end
December
CIK
876437
SIC
6351

Financial performance, year by year

Fiscal 2011–2025 · USD
$-1.17B$-440.81M$288.60M$1.02B$1.75B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MGIC Investment Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

459
funds hold it
0 of 35
superinvestors hold it
$2.82B
held by funds, at market
51.9%
of shares held by funds
1
bond issues held by funds

Largest fund holders · MGIC Investment Corporation’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.16%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD EQUITY INCOME FUND
VEIPX · VANGUARD FENWAY FUNDS
0.21%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

MGIC Investment Corporation’s bonds, as funds hold them

Funds report holding 1 issues of MGIC Investment Corporation’s debt, $192.43M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.25%, maturing 2028 to 2028.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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