Mgic Investment CorpMTG
What Mgic Investment Corp does.
We are a holding company and through wholly-owned subsidiaries we provide private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. In 2025, our total revenues were $1.2 billion and our primary NIW was $60.2 billion. As of December 31, 2025, our direct primary IIF was $303.1 billion and our direct primary RIF was $81.2 billion. For further information about our results of operations, see our consolidated financial statements in Item 8 and our MD&A in Item 7 . As of December 31, 2025, our principal mortgage insurance subsidiary, MGIC, was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam. During 2025, we wrote new insurance in each of those jurisdictions.
Our business strategies are to 1) maximize the value we create through our mortgage credit enhancement activities; 2) differentiate ourselves through our customer experience; 3) advance our competitive advantage through our digital and analytical capabilities; 4) excel at acquiring, managing and distributing mortgage credit risk and the related capital; 5) maintain financial strength through economic cycles; and 6) foster an environment that attracts and retains the best talent and positions our people to succeed.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Net income | $446.1M | $635.0M | $865.3M | $712.9M | $763.0M | $738.3M |
| Free cash flow | $729.0M | $692.2M | $646.8M | $711.0M | $723.9M | $851.8M |
More on MTG.
- Mgic Investment Corp summary
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- Mgic Investment Corp key metrics
- Mgic Investment Corp health scores and style box
- Mgic Investment Corp earnings
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- Mgic Investment Corp ownership and insiders
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Figures from Mgic Investment Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.