MGIC Investment Corporation Receives Moody's Ratings Upgrades

Rhea-AI Summary

MGIC Investment Corporation (NYSE: MTG) has received significant ratings upgrades from Moody's Ratings. The company's senior unsecured debt rating was upgraded to Baa2 from Baa3, while its subsidiary Mortgage Guaranty Insurance Corporation's insurance financial strength rating was raised to A2 from A3.

The upgrades were attributed to MTG's consistent performance, good net capital generation, robust profitability, and strong capital adequacy. The outlook for all ratings remains stable. CEO Tim Mattke highlighted the company's market leadership position and disciplined approach as key factors in their success.

Positive

• Moody's upgraded senior unsecured debt rating to Baa2 from Baa3
• Subsidiary MGIC's insurance financial strength rating upgraded to A2 from A3
• Company demonstrates consistent performance and robust profitability
• Strong capital generation and capital adequacy metrics

Negative

• None.

News Market Reaction – MTG

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-2.11% News Effect

On the day this news was published, MTG declined 2.11%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MILWAUKEE, Aug. 7, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced today that Moody's Ratings ("Moody's") upgraded its senior unsecured debt rating to Baa2 from Baa3. Moody's also upgraded the insurance financial strength rating of MTG's principal operating subsidiary, Mortgage Guaranty Insurance Corporation ("MGIC"), to A2 from A3. The outlook for the ratings is stable.

Moody's rationale for the upgrade included MTG's consistent performance, good net capital generation, and robust profitability and capital adequacy. 

"We are pleased to have received these upgrades from Moody's," said Tim Mattke, CEO of MTG and MGIC. "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."

About MGIC

MGIC (www.mgic.com) is the principal subsidiary of MGIC Investment Corporation, serving lenders throughout the United States, and helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.

From time-to-time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website, and it intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts.

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SOURCE MGIC Investment Corporation

FAQ

What ratings upgrades did MGIC Investment Corporation (MTG) receive from Moody's?

MGIC Investment Corporation received two upgrades: its senior unsecured debt rating was upgraded to Baa2 from Baa3, and its subsidiary MGIC's insurance financial strength rating was upgraded to A2 from A3.

Why did Moody's upgrade MGIC Investment Corporation's ratings in 2025?

Moody's upgraded MTG's ratings due to its consistent performance, good net capital generation, robust profitability, and strong capital adequacy.

What is the outlook for MGIC Investment Corporation's Moody's ratings?

The outlook for MGIC Investment Corporation's ratings is stable.

How will the Moody's ratings upgrade benefit MGIC Investment Corporation?

The ratings upgrades reflect MTG's strong financial position and may lead to improved borrowing terms, enhanced market confidence, and better positioning for executing business strategies.