Mgic Investment (MTG) Tax Rate (2009 - 2026)
Mgic Investment (MTG) reported Tax Rate of 20.08% for Q1 2026, down 90.0% on a YoY basis from 200.77% in Q1 2025, and down 1.59% quarter-over-quarter from 20.4% in Q4 2025.
Mgic Investment (MTG) Tax Rate (2009 - 2026) Analysis & Trends
Mgic Investment has reported Tax Rate for 18 years, with the latest figure at 20.08% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 90.0% year-over-year to 20.08%; the trailing twelve-month figure through Mar 2026 stood at 20.26% (down 100.0% YoY), and the FY2025 full-year result was 20.48%, down 75.0% from the prior year.
- Tax Rate for Q1 2026 stood at 20.08%, down from 20.4% in the prior quarter.
- The five-year high for Tax Rate was 21.99% in Q3 2023, with the low at 18.7% in Q3 2025.
- Historically, Tax Rate has averaged 20.76% across 5 years, with a median of 20.97% in 2025.
- Annual changes were most pronounced in 2024 — Tax Rate soared 158 bps — and 2025, when it plunged 266 bps.
- Mgic Investment's Tax Rate stood at 20.38% in 2022, then decreased by 3 bps to 19.73% in 2023, then advanced by 8 bps to 21.31% in 2024, then declined by 4 bps to 20.4% in 2025, then dropped by 2 bps to 20.08% in 2026.
- The last three Tax Rate figures came in at 20.08% (Q1 2026), 20.4% (Q4 2025), and 18.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.87 Bn | 10.21 Bn | 2.62 Bn | 35.14% |
| 2 | Axis Capital Holdings | 7.52 Bn | 6.65 Bn | - | 18.11% |
| 3 | First American Financial | 6.80 Bn | 3.91 Bn | 1.24 Bn | 22.87% |
| 4 | Enact Holdings | 6.01 Bn | 5.46 Bn | 205.74 Mn | 21.37% |
| 5 | Mgic Investment | 5.57 Bn | 5.32 Bn | 202.12 Mn | 20.08% |
| 6 | Essent | 5.47 Bn | 5.47 Bn | - | 16.89% |
| 7 | Radian | 4.74 Bn | 4.66 Bn | 368.17 Mn | 25.45% |
| 8 | Ryan Specialty Holdings | 4.62 Bn | 5.05 Bn | - | 13.82% |
| 9 | Assured Guaranty | 3.42 Bn | -495.48 Mn | 216.00 Mn | -58.82% |
| 10 | NMI Holdings | 2.82 Bn | 2.75 Bn | 152.85 Mn | 20.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.08% |
| Mar 31, 2026 | 20.08% |
| Dec 31, 2025 | 20.40% |
| Dec 31, 2025 | 20.40% |
| Sep 30, 2025 | 18.70% |
| Sep 30, 2025 | 18.70% |
| Jun 30, 2025 | 21.78% |
| Jun 30, 2025 | 21.78% |
| Mar 31, 2025 | 20.97% |
| Mar 31, 2025 | 20.97% |
| Dec 31, 2024 | 21.31% |
| Dec 31, 2024 | 21.31% |
| Sep 30, 2024 | 21.36% |
| Sep 30, 2024 | 21.36% |
| Jun 30, 2024 | 21.40% |
| Jun 30, 2024 | 21.40% |
| Mar 31, 2024 | 20.82% |
| Mar 31, 2024 | 20.82% |
| Dec 31, 2023 | 19.73% |
| Dec 31, 2023 | 19.73% |