MGIC INVESTMENT CORP(MTG)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
MGIC INVESTMENT CORP (MTG) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores MTG at 56.6/100 on a 32-signal composite quality model, placing it at rank #1,144 of 2,960 stocks — the top half of the AI-ranked universe. MTG scores in the top quartile across profitability (98.1), free cash flow (97.0), balance sheet strength (87.1). Areas of concern include revenue growth (25.5) and earnings quality (32.8), which score below median versus the broader universe. Shareholder dilution risk is elevated at 40.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MGIC INVESTMENT CORP reports quarterly revenue of $295.4M, net income of $182.1M, an operating margin of 77.8%. Top institutional holders of MTG by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. MTG trades on the NYSE exchange and files with the SEC under CIK 876437. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MTG daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MGIC INVESTMENT CORP directly from SEC EDGAR.
AI Quality Score
56.6/100
AI Rank
#1,144
Revenue
$295.4M
Net Income
$182.1M
Free Cash Flow
$184.5M
Operating Margin
77.8%
MTG key financials by period
MGIC INVESTMENT CORP reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$1.2B
$738.3M
76.5%
FY 2024
10-K
$1.2B
$763.0M
80.2%
FY 2023
10-K
$1.2B
$712.9M
78.1%
FY 2022
10-K
$1.2B
$865.3M
92.9%
FY 2021
10-K
$1.2B
$635.0M
67.6%
FY 2020
10-K
$1.2B
$446.1M
46.6%
Institutions holding MTG
Institutional investors reporting a position in MGIC INVESTMENT CORP on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-29 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income fell 5% to $182.1M as losses incurred surged to $11.0M from a loss of $2.8M YoY, driven by higher delinquencies and severity.
Biggest Revenue Drivers
Net premiums earned$238.1M-3% YoY
Decrease primarily driven by increase in ceded premiums written under reinsurance transactions.
Net investment income$59.5M-3% YoY
Slight decline in portfolio yield and size effects.
Biggest Revenue Drivers
Total revenue: $295.4M-3% YoY
Net premiums earned$238.1M-3% YoY
Decrease primarily driven by increase in ceded premiums written under reinsurance transactions.
Net investment income$59.5M-3% YoY
Slight decline in portfolio yield and size effects.
Net gains (losses) on investments and other financial instruments($2.2M)
Losses on fixed income securities sales and embedded derivatives on Home Re Transactions.
Largest Expense Items
Losses incurred, net$11.0M+488% YoY
Increase in new delinquencies reported and estimated severity on current year delinquencies, partially offset by favorable development on prior years.
Underwriting and other expenses, net$44.3M-12% YoY
Decrease primarily attributable to lower outside service expenses and employee costs.
Interest expense$8.9M0%
Reflects interest on 5.25% Senior Notes due August 2028.
Margins: Operating margins compressed as losses incurred more than tripled YoY despite 3% revenue decline. Loss ratio widened to 4.6% from negative 1.2%, offset partially by 12% reduction in underwriting expenses as a percentage of premiums earned.
Watch Items from the Filing
Delinquency inventory at 26,152 loans with 2.37% delinquency rate; concentrated in Florida (2,240), Texas (2,110), and Illinois (1,700), with judicial foreclosure states representing material portion.
New delinquencies surged 4% YoY to 12,433 in Q2; average severity per claim paid increased to $54.7K from $36.5K YoY, signaling deteriorating underwriting cohorts.
PMIERs Available Assets of $5.6B exceed Minimum Required Assets by $2.7B; compliance maintained but delinquent loans require significantly higher capital under PMIERs formula.
Annual Persistency declined to 83.3% from 84.7% YoY; refinancing/cancellation activity remains key variable affecting premium yield and in-force portfolio composition.
79.6% of primary RIF subject to QSR reinsurance transactions with quota shares ranging 10%-40%; material reliance on reinsurer counterparties and PMIERs credit for capital relief.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
