MGIC Investment Corporation

At MGIC, we are committed to helping our customers succeed. Affordable homeownership remains a cornerstone of a strong and vibrant community. As the pioneer of the modern private mortgage insurance industry, Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corp., has supported lenders and their communities for nearly 60 years by providing a prudent means of offering affordable, low-downpayment home financing options. #WeAreMGIC MGIC is the principal subsidiary of MGIC Investment Corporation, headquartered in Milwaukee, Wisconsin and serves lenders throughout the United States, Puerto Rico and other locations.
Company Growth (employees)
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

MGIC Investment Corporation Office Locations

MGIC Investment Corporation has offices in Milwaukee, Salt Lake City, Baltimore, San Diego and in 4 other locations
Milwaukee, US (HQ)
250 E Kilbourn Ave
Show all (8)

MGIC Investment Corporation Financials and Metrics

MGIC Investment Corporation Financials

MGIC Investment Corporation's revenue was reported to be $260.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

260.9 m

Net income (Q1, 2017)

89.8 m

Market capitalization (19-Oct-2017)

5.5 b

Cash (31-Mar-2017)

427.1 m
MGIC Investment Corporation's current market capitalization is $5.5 b.
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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

231.2 m235.1 m270.2 m243.1 m269.5 m258.6 m263.5 m273.9 m260.9 m

Interest expense

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

Income tax expense

1.1 m249 k3.4 m1.3 m(695.6 m)34.5 m56 m27.1 m84.2 m

Net Income

105.5 m177.5 m133.1 m246.7 m1.1 b69.2 m178.4 m235 m89.8 m
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

Total Liabilities

3.2 b

Common Stock

340 m340 m340.1 m359.4 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

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

Total Assets

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

Common Stock

340.1 m340.1 m341.1 m341.1 m359.4 m360.2 m

Additional Paid-in Capital

1.7 b1.7 b1.7 b1.7 b1.8 b1.8 b
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

Purchases of PP&E

(4.6 m)(10.6 m)

Cash From Investing Activities

(854.1 m)296.9 m(97 m)(93.4 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

105.5 m177.5 m133.1 m246.7 m1.1 b69.2 m178.4 m235 m89.8 m

Depreciation and Amortization

11.3 m23.9 m38.4 m14.1 m28.5 m44.3 m17.1 m

Cash From Operating Activities

(282.4 m)(341.7 m)(29.7 m)(59.9 m)135 m(56.5 m)(6.9 m)31.6 m77.5 m

Purchases of PP&E

(576 k)(1.7 m)(2.8 m)(1.9 m)(2.7 m)(5 m)(4 m)
USDY, 2017

Revenue/Employee

317 k

Financial Leverage

2.2 x
Show all financial metrics

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
Show all operating metrics

MGIC Investment Corporation Market Value History

Traffic Overview of MGIC Investment Corporation

MGIC Investment Corporation Online and Social Media Presence

MGIC Investment Corporation Company Life and Culture

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