Financial Summary


MGIC Investment Corporation

MGIC Investment Corporation (MTG)

$8.9
-0.12 (-1.33%)
Strong Buy
S-
Market Info
Financial Info
Financial Modelling
Symbol MTG
Price 8.9$
Beta 1.50
Volume Avrg. 6.04M
Market Cap 3.01B
Shares (2019) 352,827.00K
Last Div 0.24
Dividend Yield 1.49%
DCF Unlevered 19.87 Strong Buy
DCF Levered 0.91 Strong Sell
ROE 15.64% Buy
ROA 10.82% Buy
Operating Margin 69.85% Strong Buy
Debt / Equity 44.56% Neutral
P/E 7.27 Buy
P/B 1.14 Strong Buy

Income Statement

Quarter data

Balance Sheet Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Short-term debt -345.00345.00345.00845.00845.00833.50349.46---
Other Assets 8,218.688,029.496,220.434,546.705,268.705,068.245,697.495,578.345,518.235,524.516,065.60
Total current liabilities -560.16609.95588.391,104.851,154.641,220.60787.40535.73409.99380.30
Cash and cash equivalents 1,185.741,304.15995.801,027.63332.69197.88181.12155.4199.85151.89161.85
Long-term debt 377.10-170.5199.9182.7761.921,223.00155.00155.00155.00155.00
Cash and short-term investments 1,185.748,759.396,816.705,254.965,196.624,807.504,838.684,840.635,083.175,310.915,920.17
Total debt 754.20345.00345.00345.00845.00845.002,056.50504.46155.00155.00155.00
Inventories -----------
Deferred revenue -215.16154.87138.84154.48203.41279.97329.74392.93409.99380.30
Goodwill and Intangible Assets -----------
Total non-current liabilities 377.10-86.4944.3542.1633.791,252.21183.79179.28168.90212.79
Total non-current assets -494.68328.46251.53342.47401.50992.39841.50482.29311.80253.82
Total liabilities 8,101.847,664.596,019.415,377.384,856.854,229.533,643.413,185.692,464.972,095.911,920.34
Total assets 9,404.429,333.647,216.235,574.325,601.395,266.435,879.555,734.535,619.505,677.806,229.57
Other comprehensive income 173.56916.31973.281,030.341,596.831,630.651,666.881,631.981,850.581,687.481,586.52
Short-term investments -7,455.245,820.904,227.344,863.934,609.614,657.564,685.224,983.315,159.025,758.32
Property, Plant & Equipment Net -28.6428.1427.1926.1828.6930.0936.0944.9451.7350.12
Net Debt -431.54-959.15-650.80-682.63512.31647.121,875.38349.0555.153.11-6.85
Investments -7,455.245,820.904,227.344,863.934,609.614,657.564,685.224,983.315,159.025,758.32
Total shareholders equity 1,302.581,669.061,196.82196.94744.541,036.902,236.142,548.843,154.533,581.894,309.23
Retained earnings (deficit) 924.71525.56-11.63-990.28-1,074.62-852.46290.05632.56977.161,647.282,278.65
Long-term investments -----------
Receivables -79.5771.0767.8362.3057.4448.4752.3954.0555.0955.59
Payables --0.08--------
Total current assets 1,185.748,838.966,887.775,322.795,258.924,864.944,887.154,893.025,137.215,366.005,975.75

Cash Flow Statement

Quarter data
Year 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Operating Cash Flow -15.01-875.43-1,883.85-1,568.60-971.53-409.98152.04219.66406.66544.52609.53
Free Cash Flow -15.01-875.43-1,883.85-1,568.60-971.53-409.98147.41209.11390.59530.28603.90
Capital Expenditure ------4.6310.5516.0714.245.64
Depreciation & Amortization -67.9484.83100.1468.7248.3752.5661.3464.4358.2248.78
Acquisitions and disposals -----------
Deferred income taxes --0.070.740.03-0.59-0.31692.81-162.36-355.04-186.57-11.10
Investment purchases --5,225.79-4,393.47-5,025.20-3,248.60-1,979.92-2,462.84-1,507.51-1,293.62-1,622.89-1,519.89
Accounts payables -----------
Sales/Maturities of investments 2.345,028.276,149.546,678.892,412.012,276.712,355.931,275.491,006.12785.17748.16
Change in working capital 1,307.27-579.56-1,483.53-750.29-996.41-719.19-1,777.23-33.24326.61-18.12-120.82
Debt repayment -94.35-1.00-178.72-53.11-17.23-21.77-73.96-1.13-1.63--
Other non-cash items -----------
Investing Cash Flow -5.33-111.901,754.221,653.53-854.13296.94-96.96-93.39-303.64-317.78-422.11
Cash at beginning of period 393.851,185.741,304.15995.801,027.63332.69197.88181.12155.4199.85155.04
Stock-based compensation ---8.606.609.2011.9011.4014.9020.9018.90
Net cash flow / Change in cash -314.69118.42-308.3631.83-694.93-134.81-16.76-25.71-55.56155.04169.06
Effect of forex changes on cash -----------
Financing Cash Flow -294.351,105.75-178.72-53.111,130.72-21.77-71.84-151.98-158.57-171.55-173.41
Dividend payments -----------42.00
Accounts receivables -0.040.66-0.77-0.750.290.07-0.630.16-0.630.02-0.73
Cash at end of period 79.161,304.15995.801,027.63332.69197.88181.12155.4199.85155.04169.06
Net cash provided by operating activities -15.01-875.43-1,883.85-1,568.60-971.53-409.98152.04219.66406.66544.52609.53
Other working capital 1,307.31-580.22-1,482.76-749.54-996.70-719.25-1,776.61-33.40327.24-18.14-120.08
Inventory -----------

Retained Earning Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Retained Earnings (Previous Year) 2,254925526-12-990-1,075-8522906339771,647
Net Income 0-364-486-927-502521,172343356670674
Stock Dividends -1,329-35-51-52-34-30-29--110-0
Dividend Paid -----------42
Retained Earnings 925526-12-990-1,075-8522906339771,6472,279

PPE Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gross PPE --292827262930364552
Annual Depreciation -29-0-1-13-3-5-7-7-7
Capital Expenditure ------51116146
Net PPE -29282726293036455250

Intangible and Goodwill Schedule

Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Intangible and Goodwill (Previous Year) -----------
New Purchases --5,226-4,393-5,025-3,249-1,980-2,463-1,508-1,294-1,623-1,520
Intangible and Goodwill -----------

About


Mr. Timothy James Mattke
Financial Services
Insurance Specialty
New York Stock Exchange

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.