MGIC Investment Corporation (MTG) financial statements (2021 and earlier)

Company profile

Business Address 250 EAST KILBOURN AVENUE
MILWAUKEE, WI 53202
State of Incorp. WI
Fiscal Year End December 31
SIC 6351 - Surety Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments179152100155181198333
Cash and cash equivalents162152100155181198333
Short-term investments17      
Restricted cash and investments     1717
Total current assets:179152100155181215350
Noncurrent Assets
Property, plant and equipment50524536302926
Deferred income tax assets6
Total noncurrent assets:56524536302926
Other undisclosed assets5,9955,4745,4755,5435,6685,0235,225
TOTAL ASSETS:6,2305,6785,6195,7355,8805,2665,601
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation    1,223  
Long-term debt, excluding current maturities    1,223  
Total noncurrent liabilities:    1,223  
Other undisclosed liabilities1,9202,0962,4653,1862,4204,2304,857
Total liabilities:1,9202,0962,4653,1863,6434,2304,857
Stockholders' equity
Stockholders' equity attributable to parent4,3093,5823,1552,5492,2361,037745
Common stock371371371359340340340
Treasury stock, value(283)(175) (150)(3)(33)(64)
Additional paid in capital1,8701,8631,8511,7821,6701,6641,661
Accumulated other comprehensive income (loss)73(124)(44)(75)(61)(81)(118)
Retained earnings (accumulated deficit)2,2791,647977633290(852)(1,075)
Total stockholders' equity:4,3093,5823,1552,5492,2361,037745
TOTAL LIABILITIES AND EQUITY:6,2305,6785,6195,7355,8805,2665,601

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2141,1241,0661,0621,0419421,039
Financial services revenue   88410
Cost of revenue(131)(48)(65)(250)(352)(504)11
Policyholder benefits and claims incurred, net(119) 
Deferred policy acquisition costs, amortization expense(12)(12)(11)(10)(9)(8)11
Financial services costs(37)(54)(240)(344)(496) 
Gross profit:1,0831,0751,0018136884381,050
Operating expenses(183)(178)(160)(151)(156)(150) 
Operating income:9018978426625332881,050
Nonoperating expense
(Investment Income, Nonoperating)
     (2)(3)
Interest and debt expense(53)(53)(57)(147)(69)(70)(80)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    2439(1,014)
Income (loss) from continuing operations before income taxes:848844784515488255(46)
Income tax expense (benefit)(174)(174)(429)(172)684(3)(4)
Net income (loss) available to common stockholders, basic:6746703563431,172252(50)
Dilutive securities, effect on basic earnings per share     12 
Other undisclosed net income available to common stockholders, diluted1818182843  
Net income (loss) available to common stockholders, diluted:6926883733711,215264(50)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):6746703563431,172252(50)
Other comprehensive income (loss)197(80)60(22)(52)36(70)
Comprehensive income (loss):8715904163211,120288(119)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (18)773  
Comprehensive income (loss), net of tax, attributable to parent:8715903983281,192288(119)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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