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Mgic Investment Corp  (MTG)
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Mgic Investment's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Mgic Investment's ROA in the fourth quarter of 2023?
Mgic Investment Corp achieved a return on average assets (ROA) of 11.94 % in its fourth quarter of 2023, this is above MTG's average return on assets of 1.97%.
Mgic Investment Corps assets during the 12 months ending in the fourth quarter of 2023 are valued at $5 billion

ROA fell compared to the third quarter of 2023, despite the net income growth of 0.91% from the third quarter of 2023.

However, within the Financial sector 22 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 361, from total ROA ranking in the third quarter of 2023 at 492.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 3.66 % 3.44 % -9.32 % -12.41 % -20.42 %
Y / Y Net Income Change -3.62 % -26.75 % -23.35 % -11.69 % -4.8 %
Net Income (TTM) in million 713 720 787 845 865
Return On Assets (TTM) 11.94 % 12.16 % 13.4 % 14.03 % 13.88 %
MTG's Total Ranking # 361 # 492 # 487 # 470 # 557
Total Assets (TTM) in million 6,029 5,904 5,971 5,982 5,816
Seq. Total Assets Change 2.11 % -1.12 % -0.18 % 2.84 % 1.9 %
Seq. Net Income Change 0.91 % -4.3 % 23.62 % -19.27 % -23.31 %



Return On Assets Company Ranking
Within: No.
Industry # 4
Sector # 23
Overall # 360

Return On Assets Statistics
High Average Low
18.86 %
1.97 %
-24.65 %
(June 30. 2016)   (June 30. 2008)





Financial Statements
Mgic Investment's Assets $ 6,029 million MTG's Balance sheet
Mgic Investment's Income $ 185 million Quarterly MTG's Income Statement
MTG's Income by Division See MTG's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 3.66 % -20.42 % -0.37 % 18.09 % 9.49 %
Total Assets in million 6,029 5,816 7,309 7,336 6,212
Y / Y Net Income Change -17.61 % 36.28 % 42.34 % -33.79 % 0.55 %
Net Income in million 713 865 635 446 674
Return On Assets 11.82 % 14.88 % 8.69 % 6.08 % 10.85 %




Comment on MTG's ROA in the fiscal year ending 2023
In the fiscal year 2023 Mgic Investment's ROA decreased compared to previous year to 11.82 %, due to deterioration of net income -17.61 % to $712.95 million, from $865.35 million a year ago, as MTG's assets were $6,029.30 million.


More Return On Assets Ratios
MTG's' Return on Assets at Yahoo Finance
Property & Casualty Insurance Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
MTG's Roa Ratio versus Property & Casualty Insurance Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for MTG's Competitors
Roa for Mgic Investment's Suppliers
Return On Assets for MTG's Customers

You may also want to know
MTG's Roi MTG's Inventory Turnover Ratio MTG's Growth Rates MTG's Dividend Comparisons
MTG's Profitability Ratios MTG's Asset Turnover Ratio MTG's Dividend Growth
MTG's Roe MTG's Valuation Ratios MTG's Financial Strength Ratios MTG's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Financial Sector ROA
Artisan Partners Asset Management Inc   22.69 %
Graniteshares Gold Trust  22.01 %
Fidelis Insurance Holdings Limited  21.27 %
Cohen and Steers Inc   20.55 %
Sei Investments Company  19.34 %
Capitalworks Emerging Markets Acquisition Corp  19.27 %
Erie Indemnity Company  18.95 %
Hamilton Lane Inc  16.45 %
Price T Rowe Group Inc  14.80 %
Federated Hermes Inc   14.79 %
Value Line Inc  13.83 %
Manhattan Bridge Capital Inc   13.04 %
Abrdn Gold Etf Trust  12.81 %
Lpl Financial Holdings Inc   12.05 %
Spdr Gold Trust  11.95 %
World Gold Trust  11.94 %
Brightsphere Investment Group Inc   11.83 %
Nmi Holdings Inc   11.69 %
Public Storage  11.56 %
Essent Group Ltd   11.40 %
Mgic Investment Corp  11.15 %
Enact Holdings Inc   11.11 %
Moody s Corporation  11.05 %
Affiliated Managers Group inc   10.09 %
Cboe Global Markets Inc   10.05 %
Goldman Sachs Physical Gold Etf  9.79 %
Kinsale Capital Group Inc   9.14 %
Houlihan Lokey Inc   9.07 %
Evercore Inc   8.96 %
Marsh and Mclennan Companies Inc   8.59 %


Date modified: 2024-02-22T09:59:59+00:00


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