Pretax income is the income that a company earns before paying income taxes. MGIC Investment's pretax income for the
three
months ended in Dec. 2023 was $230 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $902 Mil.
MGIC Investment's pretax margin was 80.94%.
During the past 13 years, MGIC Investment's highest Pretax Margin was 92.94%. The lowest was 27.02%. And the median was 68.74%.
MGIC Investment Pre-Tax Income Historical Data
The historical data trend for MGIC Investment's Pre-Tax Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Specialty subindustry, MGIC Investment's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MGIC Investment Pre-Tax Income Distribution
For the Insurance industry and Financial Services sector, MGIC Investment's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where MGIC Investment's Pre-Tax Income falls into.
MGIC Investment Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
MGIC Investment's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as
Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $902 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGIC Investment (NYSE:MTG) Pre-Tax Income Explanation
MGIC Investment's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as
During the past 13 years, MGIC Investment's highest Pretax Margin was 92.94%. The lowest was 27.02%. And the median was 68.74%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MGIC Investment Pre-Tax Income Related Terms
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MGIC Investment (MGIC Investment) Business Description
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
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