What is MGIC Investment Corp.'s federal tax credits payable?

MGIC Investment Corp. (MTG) reported federal tax credits payable of $16.11M in Q1 2026.

What does federal tax credits payable mean?

This represents obligations related to federal tax credits that the company has transferred or is committed to transferring to third parties. It reflects the company's utilization of tax-advantaged financing structures to manage its tax liability. Tracking this helps investors understand the impact of tax planning strategies on the company's long-term financial position.

MGIC Investment Corp. MTG Federal tax credits payable

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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$5.6B-6.1%

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 / equity0×—

Where this comes from

Reported directly by MGIC Investment Corp. in its filing.

Tagged under the XBRL concept mtg:TransferrableFederalTaxCreditPayable.

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

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What is MGIC Investment Corp.'s federal tax credits payable?: MGIC Investment Corp. (MTG) reported federal tax credits payable of $16.11M in Q1 2026.
What does federal tax credits payable mean?: This represents obligations related to federal tax credits that the company has transferred or is committed to transferring to third parties. It reflects the company's utilization of tax-advantaged financing structures to manage its tax liability. Tracking this helps investors understand the impact of tax planning strategies on the company's long-term financial position.