MGIC Investment Corp (MTG) - Net Assets
Based on the latest financial reports, MGIC Investment Corp (MTG) has net assets worth $5.15 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.64 Billion) and total liabilities ($1.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MGIC Investment Corp asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.15 Billion |
| % of Total Assets | 77.53% |
| Annual Growth Rate | 7.15% |
| 5-Year Change | -16.68% |
| 10-Year Change | 101.96% |
| Growth Volatility | 54.96 |
MGIC Investment Corp - Net Assets Trend (1991–2025)
This chart illustrates how MGIC Investment Corp's net assets have evolved over time, based on quarterly financial data. Also explore MTG total assets for the complete picture of this company's asset base.
Annual Net Assets for MGIC Investment Corp (1991–2025)
The table below shows the annual net assets of MGIC Investment Corp from 1991 to 2025. For live valuation and market cap data, see MTG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.15 Billion | -0.48% |
| 2024-12-31 | $5.17 Billion | +1.98% |
| 2023-12-31 | $5.07 Billion | +9.25% |
| 2022-12-31 | $4.64 Billion | -24.85% |
| 2021-12-31 | $6.18 Billion | +31.48% |
| 2020-12-31 | $4.70 Billion | +9.04% |
| 2019-12-31 | $4.31 Billion | +20.31% |
| 2018-12-31 | $3.58 Billion | +13.55% |
| 2017-12-31 | $3.15 Billion | +23.76% |
| 2016-12-31 | $2.55 Billion | +13.98% |
| 2015-12-31 | $2.24 Billion | +115.66% |
| 2014-12-31 | $1.04 Billion | +39.27% |
| 2013-12-31 | $744.54 Million | +278.05% |
| 2012-12-31 | $196.94 Million | -83.54% |
| 2011-12-31 | $1.20 Billion | -28.29% |
| 2010-12-31 | $1.67 Billion | +28.13% |
| 2009-12-31 | $1.30 Billion | -46.49% |
| 2008-12-31 | $2.43 Billion | -6.17% |
| 2007-12-31 | $2.59 Billion | -39.61% |
| 2006-12-31 | $4.30 Billion | +3.14% |
| 2005-12-31 | $4.17 Billion | +0.52% |
| 2004-12-31 | $4.14 Billion | +9.13% |
| 2003-12-31 | $3.80 Billion | +11.83% |
| 2002-12-31 | $3.40 Billion | +12.42% |
| 2001-12-31 | $3.02 Billion | +22.53% |
| 2000-12-31 | $2.46 Billion | +38.79% |
| 1999-12-31 | $1.78 Billion | +8.25% |
| 1998-12-31 | $1.64 Billion | +10.35% |
| 1997-12-31 | $1.49 Billion | +8.83% |
| 1996-12-31 | $1.37 Billion | +21.82% |
| 1995-12-31 | $1.12 Billion | +33.80% |
| 1994-12-31 | $838.10 Million | +17.69% |
| 1993-12-31 | $712.10 Million | +20.25% |
| 1992-12-31 | $592.20 Million | +20.27% |
| 1991-12-31 | $492.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MGIC Investment Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1579.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.25 Billion | 63.14% |
| Common Stock | $219.37 Million | 4.26% |
| Other Comprehensive Income | $-134.39 Million | -2.61% |
| Other Components | $1.81 Billion | 35.21% |
| Total Equity | $5.15 Billion | 100.00% |
MGIC Investment Corp Competitors by Market Cap
The table below lists competitors of MGIC Investment Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Comercial Chedraui S.A.B. de C.V
MX:CHDRAUIB
|
$5.65 Billion |
|
Gerdau S.A
F:GDUA
|
$5.65 Billion |
|
Bausch + Lomb Corp
TO:BLCO
|
$5.65 Billion |
|
NewJersey Resources Corporation
NYSE:NJR
|
$5.65 Billion |
|
United Integrated Services Co Ltd
TW:2404
|
$5.64 Billion |
|
Avanza Bank Holding AB (publ)
ST:AZA
|
$5.63 Billion |
|
Bio-Rad Laboratories Inc
NYSE:BIO
|
$5.62 Billion |
|
Kingnet Network Co Ltd
SHE:002517
|
$5.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MGIC Investment Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,172,375,000 to 5,147,551,000, a change of -24,824,000 (-0.5%).
- Net income of 738,347,000 contributed positively to equity growth.
- Dividend payments of 132,491,000 reduced retained earnings.
- Share repurchases of 788,645,000 reduced equity.
- Other comprehensive income increased equity by 153,768,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $738.35 Million | +14.34% |
| Dividends Paid | $132.49 Million | -2.57% |
| Share Repurchases | $788.64 Million | -15.32% |
| Other Comprehensive Income | $153.77 Million | +2.99% |
| Other Changes | $4.20 Million | +0.08% |
| Total Change | $- | -0.48% |
Book Value vs Market Value Analysis
This analysis compares MGIC Investment Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.97x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $4.40 | $26.26 | x |
| 1992-12-31 | $5.04 | $26.26 | x |
| 1993-12-31 | $6.04 | $26.26 | x |
| 1994-12-31 | $7.09 | $26.26 | x |
| 1995-12-31 | $9.45 | $26.26 | x |
| 1996-12-31 | $11.49 | $26.26 | x |
| 1997-12-31 | $12.63 | $26.26 | x |
| 1998-12-31 | $14.43 | $26.26 | x |
| 1999-12-31 | $16.24 | $26.26 | x |
| 2000-12-31 | $22.97 | $26.26 | x |
| 2001-12-31 | $28.02 | $26.26 | x |
| 2002-12-31 | $32.58 | $26.26 | x |
| 2003-12-31 | $38.34 | $26.26 | x |
| 2004-12-31 | $42.18 | $26.26 | x |
| 2005-12-31 | $45.05 | $26.26 | x |
| 2006-12-31 | $50.57 | $26.26 | x |
| 2007-12-31 | $31.91 | $26.26 | x |
| 2008-12-31 | $21.36 | $26.26 | x |
| 2009-12-31 | $10.49 | $26.26 | x |
| 2010-12-31 | $8.33 | $26.26 | x |
| 2011-12-31 | $5.95 | $26.26 | x |
| 2012-12-31 | $0.97 | $26.26 | x |
| 2013-12-31 | $2.20 | $26.26 | x |
| 2014-12-31 | $2.51 | $26.26 | x |
| 2015-12-31 | $4.78 | $26.26 | x |
| 2016-12-31 | $5.90 | $26.26 | x |
| 2017-12-31 | $7.99 | $26.26 | x |
| 2018-12-31 | $9.28 | $26.26 | x |
| 2019-12-31 | $11.52 | $26.26 | x |
| 2020-12-31 | $13.08 | $26.26 | x |
| 2021-12-31 | $17.59 | $26.26 | x |
| 2022-12-31 | $14.92 | $26.26 | x |
| 2023-12-31 | $17.66 | $26.26 | x |
| 2024-12-31 | $19.59 | $26.26 | x |
| 2025-12-31 | $22.80 | $26.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MGIC Investment Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.84%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.29x
- Recent ROE (14.34%) is above the historical average (-6.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 15.23% | 29.07% | 0.29x | 1.82x | $25.76 Million |
| 1992 | 17.27% | 31.80% | 0.31x | 1.73x | $43.08 Million |
| 1993 | 17.88% | 31.55% | 0.30x | 1.89x | $56.09 Million |
| 1994 | 19.03% | 31.76% | 0.34x | 1.76x | $75.69 Million |
| 1995 | 18.51% | 33.60% | 0.33x | 1.67x | $95.46 Million |
| 1996 | 18.89% | 34.60% | 0.34x | 1.63x | $121.39 Million |
| 1997 | 21.78% | 37.29% | 0.33x | 1.76x | $175.12 Million |
| 1998 | 23.50% | 39.67% | 0.32x | 1.86x | $221.41 Million |
| 1999 | 26.48% | 47.17% | 0.32x | 1.75x | $292.60 Million |
| 2000 | 21.99% | 49.79% | 0.28x | 1.57x | $295.51 Million |
| 2001 | 21.16% | 48.62% | 0.29x | 1.51x | $337.12 Million |
| 2002 | 18.53% | 42.38% | 0.28x | 1.56x | $289.67 Million |
| 2003 | 13.01% | 29.30% | 0.28x | 1.56x | $114.19 Million |
| 2004 | 13.35% | 34.30% | 0.25x | 1.54x | $138.82 Million |
| 2005 | 15.05% | 41.07% | 0.24x | 1.53x | $210.37 Million |
| 2006 | 13.15% | 38.44% | 0.22x | 1.54x | $135.15 Million |
| 2007 | -64.37% | -98.63% | 0.22x | 2.97x | $-1.93 Billion |
| 2008 | -21.58% | -30.52% | 0.19x | 3.76x | $-768.78 Million |
| 2009 | -101.51% | -77.39% | 0.18x | 7.22x | $-1.45 Billion |
| 2010 | -21.79% | -23.92% | 0.16x | 5.59x | $-530.64 Million |
| 2011 | -40.60% | -32.30% | 0.21x | 6.03x | $-605.57 Million |
| 2012 | -470.74% | -67.26% | 0.25x | 28.30x | $-946.77 Million |
| 2013 | -6.70% | -4.80% | 0.19x | 7.52x | $-124.30 Million |
| 2014 | 24.30% | 26.73% | 0.18x | 5.08x | $148.26 Million |
| 2015 | 52.41% | 112.55% | 0.18x | 2.63x | $948.39 Million |
| 2016 | 13.44% | 32.24% | 0.19x | 2.25x | $87.63 Million |
| 2017 | 11.28% | 33.37% | 0.19x | 1.78x | $40.31 Million |
| 2018 | 18.71% | 59.63% | 0.20x | 1.59x | $311.91 Million |
| 2019 | 15.64% | 55.50% | 0.19x | 1.45x | $242.84 Million |
| 2020 | 9.49% | 37.20% | 0.16x | 1.57x | $-23.81 Million |
| 2021 | 10.28% | 53.55% | 0.16x | 1.19x | $17.15 Million |
| 2022 | 18.64% | 73.79% | 0.19x | 1.34x | $401.07 Million |
| 2023 | 14.06% | 61.72% | 0.18x | 1.29x | $205.75 Million |
| 2024 | 14.75% | 63.18% | 0.18x | 1.27x | $245.76 Million |
| 2025 | 14.34% | 60.84% | 0.18x | 1.29x | $223.59 Million |
Industry Comparison
This section compares MGIC Investment Corp's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $3,633,625,600
- Average return on equity (ROE) among peers: 10.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MGIC Investment Corp (MTG) | $5.15 Billion | 15.23% | 0.29x | $5.64 Billion |
| Enact Holdings Inc (ACT) | $4.11 Billion | 13.32% | 0.44x | $6.01 Billion |
| Assured Guaranty Ltd (AGO) | $16.54 Billion | 2.35% | 0.10x | $3.73 Billion |
| Ambac Financial Group Inc (AMBC) | $1.43 Billion | 0.25% | 4.61x | $393.43 Million |
| AMERISAFE Inc (AMSF) | $302.42 Million | 15.35% | 2.70x | $567.23 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.41 Billion | 11.43% | 4.06x | $7.71 Billion |
| Employers Holdings Inc (EIG) | $1.02 Billion | 13.88% | 2.85x | $816.69 Million |
| Essent Group Ltd (ESNT) | $5.60 Billion | 13.02% | 0.27x | $5.80 Billion |
| First American Corporation (FAF) | $4.43 Billion | 15.98% | 2.60x | $6.55 Billion |
| Fidelity National Financial Inc (FNF) | $-2.50 Billion | 0.00% | 0.00x | $12.96 Billion |
| Investors Title Company (ITIC) | $5.80 Million | 20.69% | 0.36x | $441.47 Million |
About MGIC Investment Corp
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, an… Read more