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.

Type
Public
HQ
Milwaukee, US
Founded
1957
Size (employees)
823 (est)
Website
mgic.com
MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, US
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MGIC Investment Corporation Office Locations

MGIC Investment Corporation has offices in Nashville, Seattle, Milwaukee, Salt Lake City and in 4 other locations
Milwaukee, US (HQ)
270 E Kilbourn Avenue
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MGIC Investment Corporation Financials and Metrics

MGIC Investment Corporation Financials

MGIC Investment Corporation's revenue was reported to be $1.06 b in FY, 2016 which is a 2.1% increase from the previous period.
USD

Revenue (Q1, 2018)

265.8 m

Net income (Q1, 2018)

143.6 m

Market capitalization (23-May-2018)

4 b

Closing share price (23-May-2018)

10.7

Cash (31-Mar-2018)

177.5 m
MGIC Investment Corporation's current market capitalization is $4 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1 b941.8 m1 b1.1 b

Revenue growth, %

(9%)11%2%

Interest expense

79.7 m69.6 m68.9 m56.7 b

Income tax expense

3.7 m2.8 m172.2 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

254.4 m235.1 m231.2 m235.1 m270.2 m243.1 m269.5 m258.6 m263.5 m273.9 m260.9 m263 b265.8 m

Interest expense

17.7 m17.5 m17.4 m17.4 m17.4 m17.4 m17.4 m14.7 m12.2 m13.5 m16.3 m14.2 b13.2 m

Income tax expense

336 k726 k1.1 m249 k3.4 m1.3 m(695.6 m)34.5 m56 m27.1 m84.2 m62 b36.4 m

Net Income

12.1 m60 m45.5 m72 m133.1 m113.7 m822.9 m69.2 m109.2 m56.6 m89.8 m119 b143.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

332.7 m197.9 m181.1 m155.4 m

Total Assets

5.6 b5.3 b5.9 b5.7 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

215.8 m384.5 m249.9 m301 m274.7 m427.1 m127.9 m177.5 m

Total Assets

5.2 b6 b5.8 b5.7 b5.9 b5.9 b5.6 b5.6 b

Total Liabilities

4 b3.9 b3.4 b3.2 b3.3 b3.3 b2.6 b2.4 b

Common Stock

340.1 m340.1 m341.1 m341.1 m359.4 m360.2 m370.6 m371.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(49.8 m)251.9 m1.2 b342.5 m

Cash From Operating Activities

(971.5 m)(410 m)152 m219.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

(48.4 m)60 m105.5 m177.5 m133.1 m246.7 m1.1 b69.2 m178.4 m235 m89.8 m208.4 m143.6 m

Depreciation and Amortization

11.3 m23.9 m38.4 m14.1 m28.5 m44.3 m17.1 m33.2 m15.8 m

Cash From Operating Activities

(692.6 m)(158.9 m)(282.4 m)(341.7 m)(29.7 m)(59.9 m)135 m(56.5 m)(6.9 m)31.6 m77.5 m125.6 m134 m

Purchases of PP&E

(576 k)(1.7 m)(2.8 m)(1.9 m)(2.7 m)(5 m)(4 m)(9.7 m)(5.2 m)
USDY, 2018

Financial Leverage

1.7 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

83.70 k65.37 k52.17 k
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