Mgic Investment (MTG) Shares Outstanding (Diluted) (2009 - 2026)
Mgic Investment's Shares Outstanding (Diluted) was 210.95 million in Q2 2026, down 11.4% from 237.97 million a year earlier and down 3.3% from the prior quarter.
Powered by 
Analysis
Mgic Investment (MTG) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Mgic Investment came in at 235.1 million, down 10.9% from FY2024.
- Shares Outstanding (Diluted) has now declined for ten consecutive years, with a five-year compound annual growth rate of -8.1% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 264 million in FY2024 (-8.1%), 287.16 million in FY2023 (-7.7%), 311.23 million in FY2022 (-11.4%) and 351.31 million in FY2021 (-2.2%).
- The Q2 2026 figure marks the lowest quarterly Shares Outstanding (Diluted) since Q4 2012.
- Compared with a year earlier, Shares Outstanding (Diluted) has declined for 20 straight quarters, with an average decline of 10.3% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 1.0% in Q3 2021 to 13.1% in Q3 2022.
- Per Business Quant data, MTG's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 218.19 million (Q1 2026), 235.1 million (Q4 2025) and 231.38 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway | 1,073.91 Bn | -343.57 Bn | 55.86 Bn | - |
| 2 | Chubb | 125.44 Bn | 77.50 Bn | 9.13 Bn | 391.25 Mn |
| 3 | Progressive | 120.54 Bn | 96.37 Bn | 9.04 Bn | 584.20 Mn |
| 4 | Marsh & Mclennan Companies | 81.59 Bn | 73.34 Bn | - | 482.00 Mn |
| 5 | Travelers Companies | 74.40 Bn | 50.64 Bn | 6.23 Bn | 213.60 Mn |
| 6 | Manulife Financial | 72.53 Bn | 73.74 Bn | - | 1.71 Bn |
| 7 | Metlife | 60.06 Bn | -46.42 Bn | 7.82 Bn | 646.90 Mn |
| 8 | Aon | 58.71 Bn | 51.95 Bn | - | 213.90 Mn |
| 9 | Arthur J. Gallagher | 58.49 Bn | 52.93 Bn | - | 258.70 Mn |
| 10 | Mgic Investment | 5.34 Bn | 4.20 Bn | 284.40 Mn | 210.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 210.95 Mn |
| Mar 31, 2026 | 218.19 Mn |
| Dec 31, 2025 | 235.10 Mn |
| Sep 30, 2025 | 231.38 Mn |
| Jun 30, 2025 | 237.97 Mn |
| Mar 31, 2025 | 246.49 Mn |
| Dec 31, 2024 | 264.00 Mn |
| Sep 30, 2024 | 260.83 Mn |
| Jun 30, 2024 | 266.87 Mn |
| Mar 31, 2024 | 273.11 Mn |
| Dec 31, 2023 | 287.16 Mn |
| Sep 30, 2023 | 285.60 Mn |
| Jun 30, 2023 | 289.57 Mn |
| Mar 31, 2023 | 294.71 Mn |
| Dec 31, 2022 | 311.23 Mn |
| Sep 30, 2022 | 307.19 Mn |
| Jun 30, 2022 | 313.55 Mn |
| Mar 31, 2022 | 324.54 Mn |
| Dec 31, 2021 | 351.31 Mn |
| Sep 30, 2021 | 353.56 Mn |
API Access
Mgic Investment Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MTG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "MTG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=MTG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();