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MGIC Investment Corp. MTG Deferred policy acquisition costs

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Other financials

Income statement

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Revenue$295.4M-2.9%
Net income$182.1M-5.4%
EPS (diluted)$0.86+6.2%

Balance sheet

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Cash & equivalents$207.3M-29.7%
Total debt$155.0M
Total equity$5.0B-2.7%
Total assets$6.5B-0.2%

Cash flow

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Operating cash flow$185.0M+1.1%
CapEx$473.0K+2,265%
Free cash flow$184.5M+0.8%

Valuation

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Market cap$6.25B-0.8%
P/E8.8×+0.6×
P/S5.2×+0.1×

Profitability

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Net margin59.2%-3.4pp
FCF margin59.1%-4.2pp

Returns & leverage

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Return on equity13.9%-0.9pp
Debt / equity

Where this comes from

Reported directly by MGIC Investment Corp. in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: MGIC Investment Corp.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:33 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000876437-26-000028
(In thousands)NoteJune 30, 2026December 31, 2025
Reinsurance recoverable on paid losses75,4374,386
Premiums receivable69,69458,184
Home office and equipment, net31,60432,454
Deferred insurance policy acquisition costs7,4738,377
Deferred income taxes, net131,24318,512
Other assets215,256211,333
Total Assets$6,526,982$6,639,486
Liabilities and Shareholders’ Equity

Item 1. Financial Statements

FAQ

What is MGIC Investment Corp.'s deferred policy acquisition costs?
MGIC Investment Corp. (MTG) reported deferred policy acquisition costs of $7.47M in Q2 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 27.3% year-over-year, from $10.27M to $7.47M.
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.

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