Mgic Investment (MTG) Tax Rate (2009 - 2026)
Mgic Investment (MTG) posted quarterly Tax Rate of 20.78% for Q2 2026, down 100.0% year-over-year from inf% in Q2 2025, and up 3.51% quarter-over-quarter from 20.08% in Q1 2026.
Mgic Investment (MTG) Tax Rate (2009 - 2026) Analysis & Trends
Mgic Investment's Tax Rate history runs 18 years deep, the most recent figure standing at 20.78% for Q2 2026.
- In Q2 2026, Tax Rate fell 100.0% year-over-year to 20.78%; the TTM figure through Jun 2026 stood at 19.97% (down 139.0% YoY), while the FY2025 annual figure was 20.48%, down 75.0% from the prior year.
- Tax Rate for Q2 2026 stood at 20.78%, up from 20.08% 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.
- The 5-year median for Tax Rate is 20.9% (2025), against an average of 20.77%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate surged 158 bps in 2024, then tumbled 266 bps in 2025.
- 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 grew by 2 bps to 20.78% in 2026.
- Business Quant data shows MTG's Tax Rate at 20.78% in Q2 2026, 20.08% in Q1 2026, and 20.4% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Fidelity National Financial | 12.65 Bn | 8.09 Bn | 3.59 Bn | 18.64% |
| 2 | First American Financial | 7.39 Bn | 4.27 Bn | 1.77 Bn | 22.82% |
| 3 | Axis Capital Holdings | 7.29 Bn | 6.51 Bn | 819.78 Mn | 19.42% |
| 4 | Enact Holdings | 6.89 Bn | 6.40 Bn | 284.04 Mn | 20.52% |
| 5 | Mgic Investment | 6.51 Bn | 6.29 Bn | 284.40 Mn | 20.78% |
| 6 | Essent | 6.23 Bn | 6.23 Bn | 313.73 Mn | 17.63% |
| 7 | Ryan Specialty Holdings | 5.43 Bn | 5.29 Bn | - | 17.10% |
| 8 | Radian | 4.98 Bn | 4.23 Bn | 380.01 Mn | 21.56% |
| 9 | NMI Holdings | 3.46 Bn | 3.39 Bn | 157.40 Mn | 22.75% |
| 10 | Assured Guaranty | 3.30 Bn | -493.32 Mn | 156.00 Mn | 15.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.78% |
| Jun 30, 2026 | 20.78% |
| Jun 30, 2026 | 20.78% |
| Mar 31, 2026 | 20.08% |
| Mar 31, 2026 | 20.08% |
| Mar 31, 2026 | 20.08% |
| Dec 31, 2025 | 20.40% |
| Dec 31, 2025 | 20.40% |
| Dec 31, 2025 | 20.40% |
| Sep 30, 2025 | 18.70% |
| Sep 30, 2025 | 18.70% |
| Sep 30, 2025 | 18.70% |
| Jun 30, 2025 | 21.78% |
| Jun 30, 2025 | 21.78% |
| Jun 30, 2025 | 21.78% |
| Mar 31, 2025 | 20.97% |
| Mar 31, 2025 | 20.97% |
| Mar 31, 2025 | 20.97% |
| Dec 31, 2024 | 21.31% |
| Dec 31, 2024 | 21.31% |