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MGIC Investment Corp. MTG Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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Radian GroupRDN
$188.67M+957%
Arch Capital Group logo
Arch Capital GroupACGL
$1.77B-0.6%
ESN
Essent GroupESNT
$56.9M+489%
Enact Holdings, Inc. logo
Enact Holdings, Inc.ACT
$22.18M-4.9%
MetLife logo
MetLifeMET
$21.27B+5.5%
Axis Capital Holders logo
Axis Capital HoldersAXS
$933.8M+49.1%

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:DeferredPolicyAcquisitionCosts.

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 deferred policy acquisition costs?
MGIC Investment Corp. (MTG) reported deferred policy acquisition costs of $7.96M in Q1 2026.
How has MGIC Investment Corp.'s deferred policy acquisition costs changed year-over-year?
MGIC Investment Corp.'s deferred policy acquisition costs decreased by 28.4% year-over-year, from $11.11M to $7.96M.
What is the long-term trend for MGIC Investment Corp.'s deferred policy acquisition costs?
Over 5 years (2020 to 2025), MGIC Investment Corp.'s deferred policy acquisition costs has grown at a -17.2% compound annual growth rate (CAGR), from $21.56M to $8.38M.
What does deferred policy acquisition costs mean?
This represents the capitalized costs directly associated with the acquisition of new insurance policies, such as commissions and underwriting expenses. These costs are amortized over the life of the policy to match expenses with the corresponding premium revenue. It is a vital metric for evaluating the efficiency of the company's sales and marketing efforts.