A low-loss Mn0.7Zn0.24Fe2.06O4 ferrite has been prepared by a solid-state reaction method. The MnZn ferrite has a high initial permeability, μi (3097), a high saturation induction, Bs (526 mT), a high Curie temperature, Tc (220 °C), and a low core loss, PL (≤ 415 kW/m3) in a wide temperature (25–120 °C) and frequency (10–100 kHz) range. As the temperature increases, an initial decrease followed by a subsequent increase of hysteresis loss, Ph, and eddy current loss, Pe is observed. Both Ph and Pe increase with increasing frequency. When f ≥ 300 kHz, a residual loss, Pr, appears. Pe increases with increasing temperature and frequency. The temperature and frequency dependence of Ph can be explained by irreversible domain wall movements, Pe by the skin effect, and Pr by domain wall resonance, respectively.