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Mgic Investment Corp  (MTG)
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MTG's Operating Income Growth by Quarter and Year

Mgic Investment's Operating Income results by quarter and year




MTG Operating Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 232.67 206.79 236.06
III Quarter September - 211.87 29.41 224.76
II Quarter June - 207.60 201.17 204.17
I Quarter March 217.83 208.23 164.76 237.91
FY   217.83 860.37 602.13 902.90



MTG Operating Income first quarter 2022 Y/Y Growth Comment
Mgic Investment Corp reported Operating Income growth of 4.61% year on year in the first quarter 2022, to $ 217.83 millions, this is lower than Mgic Investment Corp's recent average Operating Income increase of 10.79%.

Looking into first quarter 2022 results within Property & Casualty Insurance industry 4 other companies have achieved higher Operating Income growth. While Mgic Investment Corp' s Operating Income increase of 4.61% ranks overall at the positon no. 542 in the first quarter 2022.

Explain Operating Income growth


MTG Operating Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 12.52 % -12.4 % -2.5 %
III Quarter September - 620.4 % -86.91 % 0.4 %
II Quarter June - 3.2 % -1.47 % 5.65 %
I Quarter March 4.61 % 26.38 % -30.75 % -8.04 %
FY   - 42.89 % -33.31 % -1.64 %

Financial Statements
Mgic Investment's first quarter 2022 Operating Income $ 217.83 millions MTG's Income Statement
Mgic Investment's first quarter 2021 Operating Income $ 208.23 millions Quarterly MTG's Income Statement
New: More MTG's historic Operating Income Growth >>


MTG Operating Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 9.82 % 603.13 % 5.03 %
III Quarter September - 2.06 % -85.38 % 10.08 %
II Quarter June - -0.3 % 22.1 % -14.18 %
I Quarter March -6.38 % 0.7 % -30.2 % -1.74 %
FY (Year on Year)   - 42.89 % -33.31 % -1.64 %




Operating Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #5
Financial Sector #98
Overall #542

Operating Income Y/Y Growth Statistics
High Average Low
368.93 % 10.79 % -63.94 %
(March 31, 2014)   (Sep. 30, 2007)
Operating Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #5
Financial Sector #98
Overall #542
Operating Income Y/Y Growth Statistics
High Average Low
368.93 % 10.79 % -63.94 %
(March 31, 2014)   (Sep. 30, 2007)

Operating Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Mgic Investment's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
603.08 % 21.21 % -85.38 %
(Sep 30 2020)  


MTG's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2022 Mgic Investment Corp reported decline in Operating Income sequentially by -6.38% to $ 217.83 millions, from $ 232.67 millions released a quarter before.

Even seasonal circumstance which usually energize I. Quarter 2022 Operating Income, have not recover the I. Quarter for the Mgic Investment Corp, Leon  White, market veteran pointed out, he cited some pessimism conserning Mgic Investment's perspective, he sees new challenges ahead for the Property & Casualty Insurance's company and wrote that average sequential Operating Income growth is at 21.21% for the Property & Casualty Insurance's company.

Within Property & Casualty Insurance industry only one company achieved higher sequential Operating Income growth. While Mgic Investment's Operating Income growth quarter on quarter, overall rank is 510.


Operating Income Q/Q Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #2
Financial Sector #103
Overall #510
Operating Income Q/Q Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry #2
Financial Sector #103
Overall #510
Operating Income Q/Q Growth Statistics
High Average Low
603.08 % 21.21 % -85.38 %
(Sep 30 2020)  


MTG's I. Quarter Q/Q Operating Income Comment
In the I. Quarter 2022 Mgic Investment Corp realized decline in Operating Income from the previous quarter by -6.38% to $ 217.83 millions, from $ 232.67 millions achived in the previous reporting period.

Those seasonal factors were not able to rescue the I. Quarter for the Mgic Investment Corp, Leon  White, market veteran wrote.

Within Property & Casualty Insurance industry only one company achieved higher sequential Operating Income growth. While Mgic Investment's Operating Income growth quarter on quarter, overall rank is 510.


Mgic Investment's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
12 Months Ending
(Dec 31 2020)
Cumulative Operating Income 12 Months Ending $ 869.97 $ 860.37 $ 834.48 $ 652.03 $ 645.59
Y / Y Operating Income Growth (TTM) 34.75 % 42.89 % 32.16 % -21.13 % -22.19 %
Year on Year Operating Income Growth Overall Ranking # 348 # 683 # 1019 # 913 # 615
Seqeuential Operating Income Change (TTM) 1.12 % 3.1 % 27.98 % 1 % 7.22 %
Seq. Operating Income Growth (TTM) Overall Ranking # 542 # 950 # 573 # 922 # 569




Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Mar 31 2022 period, Mgic Investment's cumulative twelve months Operating Income were $ 870 millions, company would post below average annual Operating Income growth of 7.22% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Mgic Investment's Operating Income growth from the 232.67% growth in Dec 31 2021.

In the Financial sector 70 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 348, from total ranking in previous quarter at 683.

Operating Income TTM Q/Q Growth Statistics
High Average Low
368.93 %
10.79 %
-63.94 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry # 5
Financial Sector # 71
Overall # 348

Operating Income TTM Y/Y Growth Statistics
High Average Low
867.95 %
36.19 %
-74.22 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 98
S&P 500 # 542
Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Mar 31 2022 period, Mgic Investment's cumulative twelve months Operating Income were $ 870 millions, company would post below average annual Operating Income growth of -74.22% year on year, if the fiscal year would end at Mar 31 2022.
A slow-down in the Mgic Investment's Operating Income growth from the 232.67% growth in Dec 31 2021.

In the Financial sector 70 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 348, from total ranking in previous quarter at 683.

Operating Income TTM Q/Q Growth Statistics
High Average Low
368.93 %
10.79 %
-63.94 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Property & Casualty Insurance Industry # 5
Financial Sector # 71
Overall # 348

Operating Income TTM Y/Y Growth Statistics
High Average Low
867.95 %
36.19 %
-74.22 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 98
S&P 500 # 542




Other Operating Income Growth
Property & Casualty Insurance Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
MTG's Operating Income Growth Ratio versus Property & Casualty Insurance Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for MTG's Competitors
Operating Income Growth for Mgic Investment's Suppliers
Operating Income Growth for MTG's Customers

You may also want to know
MTG's Annual Growth Rates 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
MTG's Roa MTG's Inventory Turnover Ratio MTG's Growth Rates MTG's Dividend Comparisons



Companies with similar Operating Income decline for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Operating Income for the quarter ending Mar 31 2022
American Financial Group Inc 7.76%$ 7.761 millions
Bankguam Holding Company7.58%$ 7.580 millions
Brixmor Property Group Inc 7.53%$ 7.534 millions
Cnb Financial Corp7.47%$ 7.468 millions
Gladstone Land Corp7.38%$ 7.377 millions
Capitol Federal Financial Inc 7.29%$ 7.285 millions
Community Healthcare Trust inc7.25%$ 7.254 millions
City Holding Company7.23%$ 7.226 millions
Hanover Insurance Group Inc 7.11%$ 7.107 millions
Eastern Bankshares Inc 6.99%$ 6.993 millions
United States Gasoline Fund Lp6.79%$ 6.793 millions
Farmers National Banc Corp 6.71%$ 6.711 millions
Clipper Realty Inc 6.41%$ 6.408 millions
Marsh and Mclennan Companies Inc 6.41%$ 6.406 millions
International Bancshares Corporation6.40%$ 6.404 millions
Republic Bancorp inc 6.13%$ 6.134 millions
W P Carey Inc 5.94%$ 5.939 millions
Affiliated Managers Group inc 5.82%$ 5.825 millions
Parke Bancorp Inc 5.67%$ 5.668 millions
First Internet Bancorp5.62%$ 5.623 millions
New York Community Bancorp Inc 5.56%$ 5.561 millions
Virtus Investment Partners Inc 5.49%$ 5.487 millions
Humana Inc5.40%$ 5.397 millions
Citizens Holding Company5.02%$ 5.022 millions
National Retail Properties Inc 4.98%$ 4.981 millions
Mgic Investment Corp4.93%$ 4.927 millions
Arbor Realty Trust inc 4.55%$ 4.551 millions
Allegiance Bancshares Inc 4.49%$ 4.494 millions
Cathay General Bancorp4.37%$ 4.374 millions
Hennessy Advisors Inc 4.29%$ 4.292 millions


       
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