28.50
-0.35%
Close of 9 Nov 2026, in USD
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About MGIC Investment
From its filings with the US Securities and Exchange Commission
MGIC Investment is based in Milwaukee, Wisconsin and is incorporated in Wisconsin. Its shares trade on NYSE under the ticker MTG. The SEC classifies its business as surety insurance. In the fiscal year to 31 December 2025, it reported revenue of $1.21bn and net income of $738.3m. At that date it held total assets of $6.64bn and shareholders' equity of $5.15bn.
We established the modern PMI industry in 1957 to provide a private market alternative to federal government insurance programs. PMI covers losses from homeowner defaults on residential mortgage loans, reducing, and in some instances eliminating, the loss to the insured institution.
Fannie Mae and Freddie Mac ("the GSEs") have been the major purchasers of the mortgage loans underlying new insurance written by private mortgage insurers. The GSEs purchase residential mortgage loans as part of their governmental mandate to provide liquidity in the secondary mortgage market. The GSEs cannot buy low down payment mortgage loans without certain forms of credit enhancement. Private mortgage insurance has generally been purchased by lenders in primary mortgage market transactions to satisfy this credit enhancement requirement. Therefore, PMI facilitates the sale of low down payment mortgages in the secondary mortgage market to the GSEs and plays an important role in the housing finance system by assisting consumers, especially first-time and low- and medium-wealth homebuyers, to finance homes with low down payment mortgages. PMI also reduces the regulatory capital that depository institutions are required to hold against certain low down payment mortgages that they hold as assets.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 6 Aug 1991
- Employees
- 542
- Website
- mgic.com ↗
- Head office
- 250 EAST KILBOURN AVENUE, MILWAUKEE, WI, 53202
- Incorporated in
- WI
- Classification
- Surety Insurance
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Curt CulverNon-Executive Chairman of the Board, since 1999$375,005
- Mr. Salvatore MiosiPresident and Chief Operating Officer of MGIC Investment Corporation and MGIC$4.3m
- Mr. Timothy MattkeChief Executive Officer, Director- MGIC Investment Corporation and MGIC, since 2014$8.8m
- Mr. Nathaniel ColsonChief Financial Officer, Executive Vice President, Chief Risk Officer - MGIC Investment Corporation and MGIC$2.9m
- Ms. Paula MaggioExecutive Vice President, General Counsel and Secretary of MGIC Investment Corporation and MGIC$2.6m
- Ms. Jodeen KozlakLead Independent Director$260,000
- Ms. Analisa AllenIndependent Director$260,000
- Mr. C. Edward ChaplinIndependent Director$295,005
- Dr. Jay HartzellIndependent Director$270,000
- Ms. Teresita LowmanIndependent Director$270,000
- Ms. Sheryl SculleyIndependent Director$270,000
- Mr. Michael ThompsonIndependent Director$255,018
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 50
- Environment
- 15
- Social
- 81
- Governance
- 55
- Women in the workforce
- 54%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MGIC Investment Corp, a leading mortgage insurer, has several strengths that contribute to its competitive advantage and market position. These strengths include:
Weaknesses
- Despite its strengths, MGIC Investment Corp also faces certain weaknesses that may pose challenges to its operations and growth. These weaknesses include:
Opportunities
- MGIC Investment Corp can leverage various opportunities to expand its market presence and enhance its business prospects. These opportunities include:
Threats
- MGIC Investment Corp must also address potential threats that may impact its market position and profitability. These threats include:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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