MGIC INVESTMENT CORP
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
MTG$28.50-0.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| MGIC Investment Corporation and Subsidiaries | ||||
|---|---|---|---|---|
| Consolidated Balance Sheets | ||||
| December 31, | ||||
| (In thousands) · Note · 2025 · 2024 | ||||
| Assets | ||||
| Investment portfolio: · 5 / 6 | ||||
| Fixed income, available-for-sale, at fair value (amortized cost 2025 - $5,642,929; 2024 - $5,838,145) | $5,489,945 | $5,511,564 | ||
| Short-term, fixed income, available-for-sale, at fair value (amortized cost 2025 - $301,072; 2024 - $339,978) | 301,286 | 340,125 | ||
| Equity securities, at fair value (cost, 2025 - $16,286; 2024 - $16,146) | 15,322 | 14,762 | ||
| Other invested assets, at cost | 1,109 | 1,109 | ||
| Total investment portfolio | 5,807,662 | 5,867,560 | ||
| Cash and cash equivalents | 368,989 | 229,485 | ||
| Restricted cash and cash equivalents | 6,525 | 5,142 | ||
| Accrued investment income | 58,009 | 61,064 | ||
| Reinsurance recoverable on loss reserves | 7 | 65,055 | 47,281 | |
| Reinsurance recoverable on paid losses | 7 | 4,386 | 4,197 | |
| Premiums receivable | 58,184 | 57,536 | ||
| Home office and equipment, net | 32,454 | 35,679 | ||
| Deferred insurance policy acquisition costs | 8,377 | 11,694 | ||
| Deferred income taxes, net | 16 | 18,512 | 69,875 | |
| Other assets | 211,333 | 157,722 | ||
| Total assets | $6,639,486 | $6,547,235 | ||
| Liabilities and shareholders' equity | ||||
| Liabilities: | ||||
| Loss reserves | 8 | $474,884 | $462,662 | |
| Unearned premiums | 93,026 | 120,360 | ||
| Senior notes | 3 | 646,138 | 644,667 | |
| Federal tax credits payable | 135,344 | 12,535 | (1) | |
| Other liabilities | 142,543 | 134,636 | (1) | |
| Total liabilities | 1,491,935 | 1,374,860 | ||
| Contingencies | 15 | |||
| Shareholders' equity: | 11 | |||
| Common stock ($1 par value, shares authorized 1,000,000; shares issued and outstanding 2025 - 219,367; 2024 - 248,449) | 219,367 | 248,449 | ||
| Paid-in capital | 1,812,463 | 1,808,236 | ||
| Accumulated other comprehensive income (loss), net of tax | 9 | (134,394) | (288,162) | |
| Retained earnings | 3,250,115 | 3,403,852 | ||
| Total shareholders' equity | 5,147,551 | 5,172,375 | ||
| Total liabilities and shareholders' equity | $6,639,486 | $6,547,235 | ||
(1) Certain amounts have been reclassified to conform with current year presentation
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.