MGIC Investment
MTG · Reinsurance
$28.80
3.8%RenaissanceRe
RNR · Reinsurance
$352.60
2.8%The short version
- RenaissanceRe is the larger business, with $12.8B of revenue in fiscal 2025 against $1.2B for MGIC Investment, about 11 times as much.
- RenaissanceRe grew revenue faster (9.9%, against 0.5%).
- Investors pay more for each dollar of MGIC Investment’s earnings: a P/E of 9.0x against 6.3x for RenaissanceRe.
| Latest fiscal year | MTG · FY25 | RNR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.1B | $14.6B |
| Revenue | $1.2B | $12.8B |
| Free cash flow | $852M | — |
| Net income | $738M | $2.7B |
| Growth | ||
| Revenue growth | 0.5% | 9.9% |
| 5-year growth | 0.2% | 20.0% |
| Share count change | −11.0% | −9.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 60.8% | 20.9% |
| FCF margin | 70.2% | — |
| Return on capital | — | 54.2% |
| Return on equity | 14.3% | 24.2% |
| Balance sheet | ||
| Net debt | — | −$4.1B |
| Net debt / EBITDA | — | −1.0x |
| Dividends and buybacks | $921M | $1.7B |
| Valuation & quality | ||
| P/E | 9.0x | 6.3x |
| Piotroski F-score | — | — |
FY16
MTG $1.1B
RNR $1.7B
FY17
MTG $1.1B
RNR $2.1B
FY18
MTG $1.1B
RNR $2.1B
FY19
MTG $1.2B
RNR $4.2B
FY20
MTG $1.2B
RNR $5.2B
FY21
MTG $1.2B
RNR $5.3B
FY22
MTG $1.2B
RNR $5.1B
FY23
MTG $1.2B
RNR $9.1B
FY24
MTG $1.2B
RNR $11.7B
FY25
MTG $1.2B
RNR $12.8B
MTG
RNR
FY16
MTG —
RNR —
FY17
MTG —
RNR —
FY18
MTG —
RNR —
FY19
MTG —
RNR —
FY20
MTG —
RNR —
FY21
MTG —
RNR —
FY22
MTG —
RNR —
FY23
MTG —
RNR —
FY24
MTG —
RNR —
FY25
MTG —
RNR —
MTG
RNR
FY16
MTG $214M
RNR —
FY17
MTG $391M
RNR —
FY18
MTG $530M
RNR —
FY19
MTG $604M
RNR —
FY20
MTG $729M
RNR —
FY21
MTG $692M
RNR —
FY22
MTG $647M
RNR —
FY23
MTG $711M
RNR —
FY24
MTG $724M
RNR —
FY25
MTG $852M
RNR —
MTG
RNR
FY16
MTG 11.1%
RNR 16.8%
FY17
MTG 11.3%
RNR −6.4%
FY18
MTG 17.5%
RNR 11.5%
FY19
MTG 15.5%
RNR —
FY20
MTG 9.3%
RNR —
FY21
MTG 12.2%
RNR —
FY22
MTG 16.9%
RNR —
FY23
MTG 14.4%
RNR —
FY24
MTG —
RNR 54.4%
FY25
MTG —
RNR 54.2%
MTG
RNR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.