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Mgic InvestmentยทNYSE
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MTG Profile

Mgic Investment Corporation

An insurance company that offers private mortgage insurance enabling people to purchase homes in the US with less than 20% payments

Financial services
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08/09/1991
New York Stock Exchange
555
12-31
Common stock
Mgic Plaza , 250 East Kilbourn Avenue , Milwaukee , Wisconsin 53202
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Mgic Investment Corporation is a holding company that provides private mortgage insurance and ancillary services through wholly-owned subsidiaries. In 2015, the company's net written premiums were $1 billion and the company's major new insurance was $43 billion. As of December 31, 2015, the company's effective primary insurance was US $174.5 billion, and the company's direct primary risk was US $45.5 billion. As of December 31, 2015, the Company's main mortgage insurance subsidiary, Mortgage Guarantee Insurance Corporation (" MGIC "), was authorized in 50 states, the District of Columbia, Puerto Rico and Guam.