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Mgic Investment Corp (MTG)

NYSEInsurance company based in Milwaukee, WI.

Why it is here: Profitable in each of the last three fiscal years (2022, 2023 and 2024), and sales grew in 2024. Based on data the company filed with the SEC.

Snapshot

$763 millionNet income 2024
$713 millionNet income 2023
$865 millionNet income 2022
$1.2 billionRevenue 2024 (+4.6% vs 2023)
$6.5 billionTotal assets

Price chart

Recent news filings from the company

These are the company news filings sent to the SEC in the last several months, newest first.

Latest filings and news from the company

These links go to the company’s own filings on SEC EDGAR. An 8-K is often how a company announces news.

About Mgic Investment Corp

Mgic Investment Corp is listed on the New York Stock Exchange under the ticker MTG. The SEC classifies its main business as Surety Insurance. Its fiscal year ends on December 31.

What this kind of business does

Insurance companies collect premiums and pay claims. They also invest the money they hold until claims come due.

What to look at

An investor may want to look at how well it prices risk, how large claims have been, and the returns on its investments.

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Similar companies

For education only. This is not advice to buy or sell. Figures come from the company’s SEC filings for fiscal years 2022 to 2024 and are shown as filed. Chart provided by TradingView. Always read the company’s own reports.