MGIC Investment vs RenaissanceRe
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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%).
| Latest fiscal year | MTG Β· FY25 | RNR Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.1B | $14.6B |
| Revenue | $1.2B | $12.8B |
| Free cash flow | $852M | β |
| Net income | $738M | $2.7B |
| Growth | ||
| Revenue growth | 0.5% | 9.9% |
| 5-year growth | 0.2% | 20.0% |
| Share count change | β11.0% | β9.5% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 60.8% | 20.9% |
| FCF margin | 70.2% | β |
| Return on capital | β | 54.2% |
| Return on equity | 14.3% | 24.2% |
| Balance sheet | ||
| Net debt | β | β$4.1B |
| Net debt / EBITDA | β | β1.0x |
| Dividends and buybacks | $921M | $1.7B |
| Valuation & quality | ||
| P/E | 9.0x | β |
| Piotroski F-score | β | β |
Revenue
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
Operating margin
FY16
MTG β
RNR β
FY17
MTG β
RNR β
FY18
MTG β
RNR β
FY19
MTG β
RNR β
FY20
MTG β
RNR β
FY21
MTG β
RNR β
FY22
MTG β
RNR β
FY23
MTG β
RNR β
FY24
MTG β
RNR β
FY25
MTG β
RNR β
MTG
RNR
Free cash flow
FY16
MTG $214M
RNR β
FY17
MTG $391M
RNR β
FY18
MTG $530M
RNR β
FY19
MTG $604M
RNR β
FY20
MTG $729M
RNR β
FY21
MTG $692M
RNR β
FY22
MTG $647M
RNR β
FY23
MTG $711M
RNR β
FY24
MTG $724M
RNR β
FY25
MTG $852M
RNR β
MTG
RNR
Return on capital
FY16
MTG 11.1%
RNR 16.8%
FY17
MTG 11.3%
RNR β6.4%
FY18
MTG 17.5%
RNR 11.5%
FY19
MTG 15.5%
RNR β
FY20
MTG 9.3%
RNR β
FY21
MTG 12.2%
RNR β
FY22
MTG 16.9%
RNR β
FY23
MTG 14.4%
RNR β
FY24
MTG β
RNR 54.4%
FY25
MTG β
RNR 54.2%
MTG
RNR
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.