MGIC Investment (MGIC Investment) Scaled Net Operating Assets

: -0.06 (As of Dec. 2023)

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Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

MGIC Investment's operating assets for the quarter that ended in Dec. 2023 was $452 Mil. MGIC Investment's operating liabilities for the quarter that ended in Dec. 2023 was $823 Mil. MGIC Investment's Total Assets for the quarter that ended in Sep. 2023 was $6,332 Mil. Therefore, MGIC Investment's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.06.

MGIC Investment Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

MGIC Investment's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(6174.714	-	823.167)	/	6213.793
=	0.86

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6538.38	-	363.666
=	6174.714

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1466.363	-	643.196	-	0
=	823.167

MGIC Investment's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(451.601	-	823.167)	/	6331.679
=	-0.06

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	6538.38	-	6086.779
=	451.601

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1466.363	-	643.196	-	0
=	823.167

* 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.

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MGIC Investment (MGIC Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (NYSE:MTG) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

MGC:Germany

Address

250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202

Website

https://www.mgic.com

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.

Executives

Michael Leal Thompson	director	4 BRIDGET COURT, BURR RIDGE IL 60527
Analisa M Allen	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Teresita M. Lowman	director	2235 ENTERPRISE STREET #110, ESCONDIDO CA 92029
Jodee A Kozlak	director	1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Jay C. Hartzell	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Sheryl L. Sculley	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Gary A. Poliner	director	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Daniel A. Arrigoni	director	C/O MGIC INVESTMENT CORPORATION, 250 E KILBOURN AVE, MILWAUKEE WI 53202
James J. Hughes	officer: SVP-Sales & Bus. Development	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Michael E Lehman	director
Julie K. Sperber	officer: VP-Controller & Chief Acct Off	MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Patrick Sinks	officer: Executive Vice President	250 E KILBOURN AVE, MILWAUKEE WI 53202
Steven M. Thompson	officer: EVP&CRO-Mort Gty Ins Corp	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Nathaniel H Colson	officer: Executive Vice President & CFO	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Robert J Candelmo	officer: SVP-Chief Information Officer	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202