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MGIC Investment's tax expense for the months ended in Mar. 2024 was $46 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $194 Mil.
The historical data trend for MGIC Investment's Tax Expense 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.
MGIC Investment Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial |
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174.21 | 113.17 | 166.79 | 224.69 | 189.28 |
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 Expense | Get a 7-Day Free Trial |
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41.06 | 51.33 | 51.55 | 45.34 | 45.78 |
Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.
Tax Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $194 Mil.
* 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.
MGIC Investment (NYSE:MTG) Tax Expense Explanation
In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.
Thank you for viewing the detailed overview of MGIC Investment's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael Leal Thompson | director | 4 BRIDGET COURT, BURR RIDGE IL 60527 |
Analisa M Allen | director | 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Teresita M. Lowman | director | 2235 ENTERPRISE STREET #110, ESCONDIDO CA 92029 |
Jodee A Kozlak | director | 1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403 |
Jay C. Hartzell | director | 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Sheryl L. Sculley | director | 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Gary A. Poliner | director | C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Daniel A. Arrigoni | director | C/O MGIC INVESTMENT CORPORATION, 250 E KILBOURN AVE, MILWAUKEE WI 53202 |
James J. Hughes | officer: SVP-Sales & Bus. Development | C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Michael E Lehman | director | |
Julie K. Sperber | officer: VP-Controller & Chief Acct Off | MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Patrick Sinks | officer: Executive Vice President | 250 E KILBOURN AVE, MILWAUKEE WI 53202 |
Steven M. Thompson | officer: EVP&CRO-Mort Gty Ins Corp | 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Nathaniel H Colson | officer: Executive Vice President & CFO | C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
Robert J Candelmo | officer: SVP-Chief Information Officer | 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202 |
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