MGIC INVESTMENT CORP

# MGIC Investment Corporation

Headquartered in Milwaukee, Wisconsin, MGIC Investment Corporation provides private mortgage insurance and mortgage credit risk management solutions across the United States, including the District of Columbia, Puerto Rico, and Guam. The company's primary offering is mortgage insurance that protects lenders against default losses on residential loans. Coverage typically includes unpaid loan principal, delinquent interest, and expenses associated with default proceedings and foreclosure or property sale. This insurance enables borrowers to obtain mortgages with down payments below 20%, expanding the addressable market for residential lending.

MGIC serves a diverse base of mortgage originators, including savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers. Beyond primary insurance on individual loans, the company generates revenue through pool insurance products for secondary market mortgage transactions, contract underwriting services, and reinsurance offerings. The company's operations are concentrated in the residential mortgage insurance market, where underwriting volume and claims experience are substantially tied to residential housing market dynamics and credit conditions.

Founded in 1957, MGIC maintains significant scale within the specialty insurance sector, with operations directly tied to the origination and performance of residential mortgage portfolios across the United States.