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Mgic Investment vs Assured Guaranty: MTG and AGO compared
Mgic Investment is the larger company: $299M of revenue in its latest quarter (Q3 2026) against $214M for Assured Guaranty (Q3 2026). Assured Guaranty is growing faster (+3% against -2% a year earlier). Mgic Investment is more profitable, with an operating margin of 74.0% against 40.7%.
Where the money goes: MTG and AGO
Mgic Investment (MTG) · Q3 2026
Mgic Investment, Q3 2026: revenue $299M (-2% year over year), operating margin 74.0%, net earnings $175M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
Assured Guaranty (AGO) · Q3 2026
Assured Guaranty, Q3 2026: revenue $214M (+3% year over year), operating margin 40.7%, net earnings $78.0M, operating cash flow $92.0M. The chart follows the revenue to costs, profit and cash.
| Mgic Investment (MTG) | Assured Guaranty (AGO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $299M | $214M |
| Revenue growth, Y/Y | -2% | +3% |
| Operating margin | 74.0% | 40.7% |
| Net earnings | $175M | $78.0M |
| Net margin | 58.5% | 36.4% |
| Operating cash flow | $216M | $92.0M |
| Free cash flow | $216M | — |
| Market value | $5.6B | — |
| P/E | 8.5× | — |
| Analysts’ mean target | $30.33 | — |
Questions
Which is bigger, Mgic Investment or Assured Guaranty?
Mgic Investment is the larger company: $299M of revenue in its latest quarter (Q3 2026) against $214M for Assured Guaranty (Q3 2026).
Is Mgic Investment or Assured Guaranty growing faster?
Assured Guaranty is growing faster (+3% against -2% a year earlier).
Which is more profitable, Mgic Investment or Assured Guaranty?
Mgic Investment is more profitable, with an operating margin of 74.0% against 40.7%.
More: Mgic Investment earnings · how Mgic Investment makes money · Assured Guaranty earnings · how Assured Guaranty makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.