The historical rank and industry rank for MGIC Investment's Pretax Margin % or its related term are showing as below:
MTG'
s Pretax Margin % Range Over the Past 10 Years
Min: 27.02 Med: 68.74 Max: 92.94
Current: 78.11
MTG's Pretax Margin % is ranked better than 97.33% of 486
companies
in the Insurance industry
Industry Median: 9.835
vs MTG: 78.11
MGIC Investment Pretax Margin % Historical Data
The historical data trend for MGIC Investment's Pretax Margin % 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.
Competitive Comparison of MGIC Investment's Pretax Margin %
For the Insurance - Specialty subindustry, MGIC Investment's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MGIC Investment's Pretax Margin % Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, MGIC Investment's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where MGIC Investment's Pretax Margin % falls into.
MGIC Investment Pretax Margin % Calculation
Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.
MGIC Investment's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
MGIC Investment Pretax Margin % Related Terms
Thank you for viewing the detailed overview of MGIC Investment's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
MGIC Investment (MGIC Investment) Business Description
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MTG has been successfully added to your 