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Moody's Upgrades MGIC Investment's Ratings to Baa2 and A2
ByAinvest
Saturday, Aug 9, 2025 7:47 pm ET1min read
Moody's has upgraded MGIC Investment Corporation's senior unsecured debt rating to Baa2 from Baa3 and its subsidiary MGIC's insurance financial strength rating to A2 from A3. The upgrade reflects MGIC's consistent performance, strong capital metrics, and robust profitability. The company's CEO emphasized its market leadership and disciplined approach as key factors in its success.
MILWAUKEE, Aug. 7, 2025 — MGIC Investment Corporation (NYSE: MTG) announced today that Moody's Ratings upgraded its senior unsecured debt rating to Baa2 from Baa3. Additionally, Moody's upgraded the insurance financial strength rating of MGIC's principal operating subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), to A2 from A3. The outlook for both ratings remains stable [1].The upgrades were attributed to MGIC's consistent performance, good net capital generation, robust profitability, and strong capital adequacy [1]. According to Tim Mattke, CEO of MGIC, the company's market leadership position and disciplined approach were key factors in achieving these improvements.
"We are pleased to have received these upgrades from Moody's," said Mattke. "Our performance reflects our position as a market leader and our disciplined, balanced approach to the market. With our solid foundation, financial strength, and capital flexibility, we are well-positioned to continue to execute on our business strategies and create long-term value for our stakeholders."
MGIC, through its principal subsidiary, serves lenders across the United States, helping families achieve homeownership sooner by providing affordable low-down-payment mortgages through private mortgage insurance [2]. The company has a history of releasing important information via its corporate and subsidiary websites, encouraging investors and interested parties to enroll for automatic email alerts and RSS feeds [2].
References:
[1] https://www.prnewswire.com/news-releases/mgic-investment-corporation-receives-moodys-ratings-upgrades-302524656.html
[2] https://www.morningstar.com/news/pr-newswire/20250807cg46817/mgic-investment-corporation-receives-moodys-ratings-upgrades
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