OverviewSuggest Edit

MGIC Investment Corporation provides private mortgage insurance and ancillary services to lenders and government sponsored entities. The Company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements.

TypePublic
Founded1957
HQMilwaukee, WI, US
Websitemgic.com

Latest Updates

Employees (est.) (Dec 2019)724(-8%)
Job Openings12
Revenue (FY, 2020)$1.2 B(-1%)
Share Price (Jun 2021)$14.5
Cybersecurity ratingAMore

Key People/Management at MGIC Investment Corporation

Tim Mattke

Tim Mattke

Chief Executive Officer
Michael Zimmerman

Michael Zimmerman

Senior Vice President-Investor Relations
Jay Hughes

Jay Hughes

Executive Vice President of Sales and Business Development
Sal Miosi

Sal Miosi

President and Chief Operating Officer
Nathan Colson

Nathan Colson

Executive Vice President and Chief Financial Officer
Paula C. Maggio

Paula C. Maggio

Executive Vice President, General Counsel and Secretary
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MGIC Investment Corporation Office Locations

MGIC Investment Corporation has offices in Milwaukee, Baltimore, Nashville, Sacramento and in 4 other locations
Milwaukee, WI, US (HQ)
270 E Kilbourn Ave
Baltimore, MD, US
Baltimore, MD, USA
Nashville, TN, US
Nashville, TN, USA
Sacramento, CA, US
Sacramento, CA, USA
Salt Lake City, UT, US
Salt Lake City, UT, USA
San Diego, CA, US
San Diego, CA, USA
Show all (8)

MGIC Investment Corporation Financials and Metrics

MGIC Investment Corporation Revenue

MGIC Investment Corporation's revenue was reported to be $1.2 b in FY, 2020
USD

Revenue (Q1, 2021)

298.0m

Net income (Q1, 2021)

150.0m

Market capitalization (11-Jun-2021)

4.9b

Closing stock price (11-Jun-2021)

14.5

Cash (31-Mar-2021)

182.9m

EV

5.6b
MGIC Investment Corporation's current market capitalization is $4.9 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.5b1.5b1.4b1.0b941.8m1.0b1.1b1.1b1.1b1.2b1.2b

Revenue growth, %

(9%)11%2%

Cost of goods sold

1.7b2.1b838.7m

Gross profit

(210.4m)(688.9m)200.7m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

(406.4m)382.3m353.1m379.7m321.1m306.2m269.2m263.9m254.4m235.1m231.2m235.1m270.2m243.1m269.5m258.6m263.5m273.9m260.9m263.3m270.4m265.8m282.0m290.4m291.7m292.3m318.4m306.9m294.0m296.0m298.0m

Cost of goods sold

337.1m266.2m122.6m

Gross profit

42.6m3.0m112.5m

Gross profit Margin, %

11%1%48%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.3b995.8m1.0b332.7m197.9m181.1m155.4m99.9m151.9m161.8m288.0m

Accounts Receivable

Inventories

PP&E

28.6m28.1m27.2m26.2m28.7m30.1m44.9m51.7m50.1m47.1m
USDQ2, 2010

Financial Leverage

5.2 x
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MGIC Investment Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016

In-Force Policies

968.75 k992.19 k998.29 k

Insured Loans, units

1.03 m1.04 m1.04 m

Loans in Default, units

83.7 k65.37 k52.17 k
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MGIC Investment Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

A

98/100

SecurityScorecard logo

MGIC Investment Corporation Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

MGIC Investment Corporation Online and Social Media Presence

Embed Graph

MGIC Investment Corporation News and Updates

MGIC Investment Corporation Schedules 1st Quarter 2021 Earnings Call and Releases Monthly Operating Statistics

MILWAUKEE, April 7, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2021 financial results after the market closes on Wednesday May 5, 2021. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday...

MGIC Investment Corporation Schedules 4th Quarter 2020 Earnings Call and Releases Monthly Operating Statistics

MILWAUKEE, Jan. 11, 2021 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2020 financial results after the market closes on Tuesday, February 23, 2021. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on...

MGIC Investment Corporation Schedules 3rd Quarter 2020 Earnings Call and Releases Monthly Operating Statistics

MILWAUKEE, Oct. 8, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its 3rd quarter 2020 financial results after the market closes on Wednesday November 4, 2020. A conference call/webcast has been scheduled for November 5, 2020 at 10:00 a.m....

MGIC Investment Corporation Announces Cash Tender Offer for its Outstanding 5.750% Senior Notes Due 2023

MILWAUKEE, Aug. 6, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) (the "Company") today announced that it has commenced a cash tender offer (the "Tender Offer") to purchase any and all of its 5.750% Senior Notes due 2023 (CUSIP No. 552848AF0) (the "2023 Notes") having an...

MGIC Investment Corporation Announces Commencement of Senior Notes Offering

MILWAUKEE, Aug. 6, 2020 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) (the "Company") announced today that it has commenced a public offering of its Senior Notes due 2028. The Company also announced today by separate press release the commencement of a tender offer (the "Tender...

MGIC Investment Corporation Announces Lead Independent Director Transition

MILWAUKEE, Aug. 3, 2020 /PRNewswire/ -- MGIC Investment Corporation (MTG) announced today that, in accordance with Section I(E)(1) of the company's Corporate Governance Guidelines, Kenneth M. Jastrow II will not stand for reelection at the company's 2021 annual shareholder meeting. In...
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MGIC Investment Corporation Frequently Asked Questions

  • When was MGIC Investment Corporation founded?

    MGIC Investment Corporation was founded in 1957.

  • Who are MGIC Investment Corporation key executives?

    MGIC Investment Corporation's key executives are Tim Mattke, Michael Zimmerman and Jay Hughes.

  • How many employees does MGIC Investment Corporation have?

    MGIC Investment Corporation has 724 employees.

  • What is MGIC Investment Corporation revenue?

    Latest MGIC Investment Corporation annual revenue is $1.2 b.

  • What is MGIC Investment Corporation revenue per employee?

    Latest MGIC Investment Corporation revenue per employee is $1.7 m.

  • Who are MGIC Investment Corporation competitors?

    Competitors of MGIC Investment Corporation include Optum Workers’ Compensation and Auto No-Fault, First American and Freddie Mac.

  • Where is MGIC Investment Corporation headquarters?

    MGIC Investment Corporation headquarters is located at 270 E Kilbourn Ave, Milwaukee.

  • Where are MGIC Investment Corporation offices?

    MGIC Investment Corporation has offices in Milwaukee, Baltimore, Nashville, Sacramento and in 4 other locations.

  • How many offices does MGIC Investment Corporation have?

    MGIC Investment Corporation has 8 offices.