MGIC Investment (STU:MGC) Tax Rate % : 20.82% (As of Mar. 2024)

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What is MGIC Investment Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. MGIC Investment's Tax Expense for the three months ended in Mar. 2024 was €42 Mil. MGIC Investment's Pre-Tax Income for the three months ended in Mar. 2024 was €202 Mil. Therefore, MGIC Investment's Tax Rate % for the quarter that ended in Mar. 2024 was 20.82%.

MGIC Investment Tax Rate % Historical Data

The historical data trend for MGIC Investment's Tax Rate % 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.

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MGIC Investment Tax Rate % Chart

MGIC Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.54

20.24

20.80

20.61

20.98

MGIC Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															20.99	21.18	21.99	19.73	20.82

MGIC Investment Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

MGIC Investment's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	173.57	/	827.344
	=	20.98 %

MGIC Investment's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	42.12	/	202.29
	=	20.82 %

MGIC Investment Tax Rate % Related Terms

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MGIC Investment (STU:MGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (STU:MGC) » Definitions » Tax Rate %

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Traded in Other Exchanges

MTG:USA

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.