MGIC Investment Corporation (MTG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.2B	1.2B	1.2B	1.2B	1.2B
Cost of Revenue	90.7M	61.9M	(5.9M)	(10.0M)	(242.2M)
Gross Profit	1.1B	1.2B	1.2B	1.2B	1.4B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	91.2M	47.0M	—	—	—
General & Admin Expense	91.2M	47.0M	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	112.6M	176.2M	244.9M	262.9M	324.9M
Total Operating Expenses	203.8M	223.2M	244.9M	262.9M	324.9M
Cost and Expenses	294.5M	285.2M	239.0M	252.9M	82.8M
Operating Income (EBIT)	901.1M	928.5M	968.7M	902.2M	1.1B
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	34.5M	34.5M	35.6M	36.9M	48.1M
Net Interest Income	(34.5M)	(34.5M)	(35.6M)	(36.9M)	(48.1M)
Other Non-Op Income/Expense	(16.6M)	—	—	—	—
Non-Operating Income (excl Interest)	(17.8M)	(35.6M)	(35.6M)	(36.9M)	(48.1M)
EBT (Pre-Tax Income)	884.5M	928.5M	968.7M	902.2M	1.1B
Income Tax Expense	176.7M	190.2M	205.7M	189.3M	224.7M
Bottom Line
Net Income	707.9M	738.3M	763.0M	712.9M	865.3M
Earnings from Cont. Ops	707.9M	738.3M	763.0M	712.9M	865.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	707.9M	738.3M	763.0M	714.0M	868.6M
Per Share
Basic EPS	$3.21	$3.17	$2.92	$2.52	$2.83
Diluted EPS	$3.20	$3.14	$2.89	$2.49	$2.79
Revenue Per Share	$5.70	$5.38	$4.62	$4.07	$3.83
Shares
Basic Shares Outstanding	209.9M	225.7M	261.7M	283.6M	305.8M
Diluted Shares Outstanding	210.9M	225.7M	264.0M	287.2M	311.2M
Profitability Metrics
EBITDA	922.4M	971.1M	1.0B	974.4M	1.2B
D&A	3.5M	6.9M	18.4M	35.2M	54.3M
EBIT	918.9M	964.1M	1.0B	939.1M	1.1B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026