Company Quick10K Filing
MGIC Investment
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 377 $5,036
10-K 2020-02-24 Annual: 2019-12-31
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-05 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-02-22 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-23 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-02-21 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-01 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-02-27 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-09 Quarter: 2014-03-31
10-K 2014-02-28 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-09 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-09 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-01 Quarter: 2010-09-30
10-Q 2010-08-09 Quarter: 2010-06-30
10-Q 2010-05-10 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
8-K 2020-03-24 Amend Bylaw, Exhibits
8-K 2020-02-04 Earnings, Exhibits
8-K 2019-10-23 Officers, Other Events, Exhibits
8-K 2019-07-24 Officers
8-K 2019-07-23 Earnings, Exhibits
8-K 2019-05-22 Other Events
8-K 2019-05-15 Other Events
8-K 2019-05-14 Officers
8-K 2019-04-24 Shareholder Vote
8-K 2019-04-23 Earnings, Exhibits
8-K 2019-01-17 Earnings, Exhibits
8-K 2018-11-26 Other Events
8-K 2018-10-24 Officers
8-K 2018-10-19 Other Events
8-K 2018-10-17 Earnings, Exhibits
8-K 2018-10-16 Other Events
8-K 2018-08-21 Officers
8-K 2018-07-27 Shareholder Vote
8-K 2018-07-26 Officers
8-K 2018-07-18 Earnings, Exhibits
8-K 2018-07-02 Other Events
8-K 2018-05-22 Regulation FD, Exhibits
8-K 2018-04-26 Enter Agreement, Exhibits
8-K 2018-04-18 Earnings, Exhibits
8-K 2018-01-22 Officers
8-K 2018-01-18 Earnings, Exhibits

MGIC Investment Financials

MTG Metrics, Comps, Filings

Annual | Quarterly

Business

See the "Glossary of terms and acronyms" for definitions and descriptions of terms used throughout this annual report.

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 2018, our net premiums written were $1.0 billion and our primary NIW was $50.5 billion. As of December 31, 2018, our direct primary IIF was $209.7 billion and our direct primary RIF was $54.1 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, 2018, 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 2018, we wrote new insurance in each of those jurisdictions.

Our business strategies are to 1) prudently grow IIF, 2) pursue new business opportunities that meet our return objectives, 3) preserve and expand our role and that of the PMI industry in housing finance policy, 4) manage and deploy capital to optimize the creation of shareholder value and 5) expand and develop the talents of our co-workers.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Old Republic (ORI) 6,689 0% 6.6 4% 20,988 15,094 6,574 0 746 992 6,589
Renaissancere Holdings (RNR) 6,298 0% 10.3 2% 24,560 16,896 2,464 0 579 631 6,471
Hanover Insurance Group (THG) 5,247 0% 10.7 4% 12,160 9,219 4,688 0 442 533 5,720
Kemper (KMPR) 5,145 0% 8.6 3% 12,616 8,933 4,802 0 376 690 5,914
Axis Capital Holdings (AXS) 5,046 0% 16.4 1% 25,870 20,304 3,877 0 152 241 3,952
MGIC Investment (MTG) 5,036 0% 6.4 11% 6,056 2,020 1,160 0 659 880 5,643
Radian Group (RDN) 4,834 93% 5.6 9% 6,592 2,809 1,421 1,318 620 849 4,755
Essent Group (ESNT) 4,820 0% 8.3 14% 3,540 836 791 0 509 606 5,020
Selective Insurance Group (SIGI) 4,547 0% 16.1 3% 8,576 6,516 2,715 0 241 322 5,164
Assured Guaranty (AGO) 4,405 0% 9.0 3% 13,581 6,859 949 0 445 607 5,444
RLI (RLI) 3,877 0% 27.7 4% 3,375 2,415 915 0 125 144 4,001
Enstar (ESGR) 3,689 0% 6.4 3% 18,225 13,262 2,012 0 491 572 3,662
White Mountains Insurance Group (WTM) 3,433 10% 14.9 5% 3,752 744 767 75 178 236 3,513
Mercury General (MCY) 3,399 69% 11.4 3% 5,717 3,949 2,896 1,993 196 278 3,158
National General Holdings (NGHC) 2,687 0% 6.6 3% 9,667 7,206 4,858 0 264 475 3,158
Aspen Insurance Holdings (AHL) 2,528 0% -17.0 -1% 12,978 10,261 2,454 0 -147 -116 1,977
Proassurance (PRA) 2,167 0% 29.8 1% 4,786 3,205 937 0 50 79 2,364
Kinsale Capital Group (KNSL) 2,144 0% 35.3 5% 895 587 262 0 49 59 2,066
Navigators Group (NAVG) 2,086 0% 38.2 0% 5,856 4,626 1,527 0 2 48 1,844
NMI Holdings (NMIH) 1,953 0% 11.5 11% 1,220 408 320 0 132 179 2,066

Balance Sheet ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1,30458176211119381003
Accounts Receivable
Inventory
PP&E292827262930364552
Assets9,3342,0701,0522,0772,3483,4735,7355,6195,678
Accounts Payable
Long-Term Debt1,2231,190830832
Liabilities7,6658738551,3321,3111,2371,1772,4652,096
Stockholders' Equity1,6691,1971977451,0372,2362,5493,1553,582
Income Statement ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue1,521-3903567841,0661,124
Cost of Revenue
Gross Profit
R&D
SG&A
Tax4-700154429174
Net Income-364-486-927-502521,172343356670
Cash Flow ($MM)2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-875-43-18-71-410-4323407545
Cash Investing-112221189-1,215297123151-304-318
Cash Financing1,106-179-531,131-22-72-156-159-172