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MGIC Investment Corp. MTG Change in deferred policy acquisition costs

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Other financials

Income statement

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Revenue$297.1M-3.0%
Net income$165.3M-10.9%
EPS (diluted)$0.76+1.3%

Balance sheet

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Cash & equivalents$235.1M+13.6%
Total debt$155.0M
Total equity$5.0B-2.0%
Total assets$6.4B-1.8%

Cash flow

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Operating cash flow$76.9M-65.6%
CapEx$184.0K+47.2%
Free cash flow$76.7M-65.7%

Valuation

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Market cap$5.51B-6.1%
P/E7.7×+0.1×
P/S4.6×-0.2×

Profitability

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Net margin59.6%-3.9pp
FCF margin58.5%-3.5pp

Returns & leverage

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Return on equity14.1%-1.0pp
Debt / equity

Where this comes from

Reported directly by MGIC Investment Corp. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInDeferredPolicyAcquisitionCosts.

The official record: MGIC Investment Corp.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGIC Investment Corp.'s change in deferred policy acquisition costs?
MGIC Investment Corp. (MTG) reported change in deferred policy acquisition costs of -$422K in Q1 2026.
How has MGIC Investment Corp.'s change in deferred policy acquisition costs changed year-over-year?
MGIC Investment Corp.'s change in deferred policy acquisition costs increased by 27.2% year-over-year, from -$580K to -$422K.
What is the long-term trend for MGIC Investment Corp.'s change in deferred policy acquisition costs?
Over 3 years (2022 to 2025), MGIC Investment Corp.'s change in deferred policy acquisition costs has grown at a 8.3% compound annual growth rate (CAGR), from -$2.61M to -$3.32M.
What does change in deferred policy acquisition costs mean?
This represents the change in capitalized costs associated with acquiring new insurance policies, such as commissions and underwriting expenses. These costs are amortized over the life of the policy rather than expensed immediately. Changes in this balance reflect the company's current investment in business growth and future revenue generation.