Mgic Inv Cp Stock Price, News & Analysis
Company Description
MGIC Investment Corp. (NYSE: MTG) is a finance and insurance company whose principal business is private mortgage insurance and related mortgage credit risk management solutions. Through its main operating subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), the company serves lenders throughout the United States. MGIC states that it helps families achieve homeownership sooner by making affordable low-down-payment mortgages possible through the use of private mortgage insurance.
According to available information, MGIC Investment Corp. generates most of its revenue from insurance premiums paid by customers for mortgage insurance protection, with investment income providing additional revenue. The company’s mortgage insurance products and services are sold in all U.S. states and in Puerto Rico. Its greatest exposure is in several large states, including California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
Business focus and mortgage insurance role
MGIC’s private mortgage insurance is used by lenders in connection with low-down-payment mortgages. By insuring mortgage credit risk, MGIC supports lenders in offering financing with lower initial borrower equity. MGIC describes its role as helping families obtain homeownership sooner by making low-down-payment mortgages a reality with private mortgage insurance. The company also refers to mortgage credit risk management solutions and ancillary services in addition to its core insurance offerings.
MGIC Investment Corp. reports detailed financial information, including net premiums written and earned, net investment income, and insurance in force, in its periodic results. For example, in its reported second and third quarter 2025 results, the company highlighted net premiums earned, net investment income, insurance in force, and various loss and expense metrics, as well as non-GAAP measures such as adjusted net operating income. These disclosures illustrate the company’s focus on underwriting performance, capital management and mortgage insurance portfolio characteristics.
Operations and geographic exposure
The company sells its mortgage insurance products across the United States and in Puerto Rico. Based on the description provided, MGIC’s greatest exposure is concentrated in large housing markets such as California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York. MGIC indicates that it serves lenders throughout the United States, reflecting a nationwide footprint in the mortgage insurance market.
Capital, risk and ratings context
MGIC Investment Corp. regularly reports information related to capital and liquidity, including PMIERs available assets and excess, as well as holding company liquidity. The company also uses reinsurance arrangements, including quota share and excess-of-loss reinsurance transactions, in connection with its mortgage insurance portfolio, as described in its 2025 quarterly results releases. In 2025, MGIC Investment Corp. announced that Moody’s Ratings upgraded its senior unsecured debt rating and the insurance financial strength rating of MGIC. The company noted that Moody’s rationale included consistent performance, net capital generation, profitability and capital adequacy.
Corporate structure and governance
MGIC is identified as the principal subsidiary of MGIC Investment Corp. Several company announcements describe actions by the Board of Directors, including the election of new directors and changes in board composition. For example, MGIC Investment Corp. reported the election of two new board members in 2025 and disclosed a planned resignation of a director in a subsequent Form 8-K filing. These filings indicate ongoing corporate governance activity and adherence to SEC reporting requirements.
Shareholder returns and financial reporting
MGIC Investment Corp. has disclosed share repurchase activity and cash dividends on its common stock in its 2025 quarterly results and related news releases. The company has reported quarterly cash dividends per share and noted increases in the dividend rate, as well as share repurchases under authorized programs. In its financial communications, the company also explains the use of non-GAAP financial measures such as adjusted pre-tax operating income and adjusted net operating income, describing how these measures are derived from GAAP results and how they are used to evaluate core operating performance.
Regulatory filings and disclosures
MGIC Investment Corp. files current reports on Form 8-K with the U.S. Securities and Exchange Commission to disclose material events, including quarterly results, board changes and other matters. For example, Form 8-K filings in 2025 reference press releases announcing quarterly financial results and board appointments, as well as a director’s planned resignation. The company also notes that it releases important information via postings on its corporate website and MGIC’s website, and encourages interested parties to enroll for email alerts and RSS feeds.
Frequently asked questions (FAQ)
- What does MGIC Investment Corp. do?
MGIC Investment Corp. is a finance and insurance company whose principal business is private mortgage insurance and mortgage credit risk management solutions. Through its subsidiary MGIC, it serves lenders throughout the United States and supports low-down-payment mortgages with private mortgage insurance.
- How does MGIC Investment Corp. generate revenue?
According to available information, the insurance premiums that customers pay for mortgage insurance protection account for the majority of MGIC Investment Corp.’s total revenue. Investment income accounts for the remaining revenue.
- Where does MGIC Investment Corp. operate?
The company sells its mortgage insurance products in all states of the United States and in Puerto Rico. Its greatest exposure is in states such as California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
- What is the relationship between MGIC Investment Corp. and Mortgage Guaranty Insurance Corporation (MGIC)?
Mortgage Guaranty Insurance Corporation (MGIC) is described as the principal subsidiary of MGIC Investment Corp. MGIC provides private mortgage insurance and serves lenders throughout the United States.
- How does MGIC support low-down-payment homeownership?
MGIC states that it helps families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance. Lenders use MGIC’s insurance in connection with low-down-payment mortgages.
- What types of financial information does MGIC Investment Corp. report?
In its quarterly results, MGIC Investment Corp. reports items such as net premiums written and earned, net investment income, net income, insurance in force, losses incurred, underwriting and other expenses, and various capital and liquidity metrics. It also reports non-GAAP measures such as adjusted net operating income and adjusted pre-tax operating income.
- Does MGIC Investment Corp. pay dividends or repurchase shares?
Yes. Company announcements in 2025 describe quarterly cash dividends per share declared by the Board of Directors and share repurchases of common stock under authorized programs. The company has also reported increases in its quarterly dividend.
- How does MGIC Investment Corp. communicate important information to investors?
The company states that it releases important information via postings on its corporate website and via postings on MGIC’s website, and that it intends to continue to do so. It encourages investors and other interested parties to enroll for automatic email alerts and RSS feeds regarding new postings.
- What ratings actions have been reported for MGIC Investment Corp. and MGIC?
In 2025, MGIC Investment Corp. announced that Moody’s Ratings upgraded its senior unsecured debt rating and upgraded the insurance financial strength rating of MGIC. The company reported that Moody’s cited factors such as consistent performance, net capital generation, profitability and capital adequacy.
- Is MGIC Investment Corp. subject to SEC reporting requirements?
Yes. MGIC Investment Corp. files reports with the U.S. Securities and Exchange Commission, including Forms 8-K that disclose material events such as quarterly financial results and board changes. These filings identify the company as a Wisconsin corporation with a Commission File Number of 1-10816.