{
  "schemaVersion": 1,
  "organisationId": "O-bbdf2014001b4c0b9647d45055b6a398",
  "slug": "mgic-investment-corp",
  "name": "MGIC INVESTMENT CORP",
  "updatedAt": "2026-10-02T16:22:18.181254Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "MGIC Investment Corporation is a mortgage-insurance holding company whose principal business is insuring mortgage lenders against losses on covered residential loans, particularly low-down-payment mortgages. Its subsidiaries also provide insurance for certain Fannie Mae and Freddie Mac credit-risk-transfer programs; the company reports its operations as one business segment. [P100530864] Its business is primarily U.S.-focused, with company information also identifying Puerto Rico and other locations. [P100530864][https://mtg.mgic.com/company-information]\n\nMGIC describes its mission as helping communities flourish by making homeownership more affordable. [https://www.mgic.com/careers/who] It says it established the modern private mortgage insurance industry in 1957. [P76533862] For the six months ended June 30, 2026, it reported total revenue of $592.5 million. [T16528782]\n[P100530864][https://mtg.mgic.com/company-information][https://www.mgic.com/careers/who][P76533862][T16528782][https://mtg.mgic.com/company-information][https://www.mgic.com/careers/who]",
      "updatedAt": "2026-10-02T16:22:18.181254Z"
    },
    {
      "type": "PRODUCTS",
      "text": "MGIC’s core product is primary mortgage insurance (MI) for residential loans, covering lender losses when borrowers default. Coverage is written as flow insurance on individual loans or bulk insurance on loan portfolios. Borrower-paid MI (BPMI) premiums are paid by the borrower, while lender-paid MI (LPMI) premiums are paid by the lender, which may recover the cost through mortgage pricing or fees. Policies are available with monthly, single-premium, or annual-premium payment plans. In FY2025, these plans represented approximately 97%, 3%, and less than 1% of new insurance written, respectively; these figures are the mix of new insurance written, not revenue. [P92056645][P50431464][P28809945][P100104432]\n\nMGIC’s underwriting and pricing capabilities include delegated electronic application submission and non-delegated submission with loan documentation. Its MiQ risk-based pricing system supports MI rate quotes and uses loan risk attributes including location, loan-to-value ratio (LTV), debt-to-income ratio (DTI), and credit score. Lender-facing offerings include MGIC Go!, which streamlines MI for eligible loans with Freddie Mac Loan Product Advisor Accept/Eligible findings, and the Portfolio Playbook suite—Playbook Pro, Community Pro, Super Jumbo Pro, and One-Close Construction Pro. MGIC’s materials describe Playbook Pro as supporting eligible one-unit primary-residence loans up to 97% LTV, and Community Pro as allowing up to 105% combined LTV in eligible cases, subject to program rules. [P16344499][P107664048][P43087927][https://www.mgic.com/rates/mortgage-insurance-rates-miq][https://www.mgic.com/underwriting/streamlined-mortgage-insurance][https://www.mgic.com/tools/portfolio-playbook][https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43612-description-pdf-playbook-pro.pdf?v=23][https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43668-description-pdf-community-pro.pdf?v=14]\n\nMGIC subsidiaries also provide insurance on certain mortgages through Fannie Mae and Freddie Mac credit-risk-transfer programs. The company reported $60.2 billion of new insurance written in FY2025; the cited reporting describes this volume but does not provide a separate revenue percentage for the individual products. [P144441091][P17581793]\n[P92056645][P50431464][P28809945][P100104432][P16344499][P107664048][P43087927][https://www.mgic.com/rates/mortgage-insurance-rates-miq][https://www.mgic.com/underwriting/streamlined-mortgage-insurance][https://www.mgic.com/tools/portfolio-playbook][https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43612-description-pdf-playbook-pro.pdf?v=23][https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43668-description-pdf-community-pro.pdf?v=14][P144441091][P17581793][https://www.mgic.com/rates/mortgage-insurance-rates-miq][https://www.mgic.com/underwriting/streamlined-mortgage-insurance][https://www.mgic.com/tools/portfolio-playbook][https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43612-description-pdf-playbook-pro.pdf?v=23][https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43668-description-pdf-community-pro.pdf?v=14]",
      "updatedAt": "2026-10-02T16:22:18.181254Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "MGIC Investment Corp. provides mortgage insurance throughout the United States. At December 31, 2025, it was licensed and wrote new insurance in all 50 states, the District of Columbia, Puerto Rico and Guam. [P99579951][https://www.sec.gov/Archives/edgar/data/876437/000087643726000010/mtg-20251231.htm]\n\nIts principal office is MGIC Plaza, 250 East Kilbourn Avenue, Milwaukee, Wisconsin 53202. [P110723638][https://www.sec.gov/Archives/edgar/data/876437/000087643726000010/mtg-20251231.htm]\n[P99579951][P110723638][https://www.sec.gov/Archives/edgar/data/876437/000087643726000010/mtg-20251231.htm]",
      "updatedAt": "2026-10-02T16:22:18.181254Z"
    },
    {
      "type": "SEGMENTS",
      "text": "MGIC Investment Corp. reports one segment, Mortgage Insurance. Its activities include primary mortgage insurance on residential loans and mortgage insurance and reinsurance associated with GSE credit-risk-transfer programs. The company reports this segment’s results as the consolidated results of MGIC Investment Corporation and its subsidiaries; these activities are not reported as separate segments. [P81996606][P100530864]\n\nFor FY2025, the sole segment represented effectively 100% of consolidated revenue ($1.214 billion) and net income ($738.3 million). Net premiums earned were $965.8 million, approximately 79.6% of total revenue; this is a revenue component, not a separate segment contribution. [T7942613][T7942613]\n[P81996606][P100530864][T7942613][T7942613][T7942613][https://mtg.mgic.com/static-files/311e15f3-93a7-43b2-800f-36a00bb65026]",
      "updatedAt": "2026-10-02T16:22:18.181254Z"
    },
    {
      "type": "HISTORY",
      "text": "Founded in Milwaukee in 1957 by attorney Max Karl and investors, MGIC developed private mortgage insurance to help lenders make low-down-payment mortgage loans. In 1971, it established American Municipal Bond Assurance Corp. (AMBAC), which it sold in 1985. MGIC was acquired by Baldwin-United in 1982; after Baldwin-United’s financial difficulties, Karl and MGIC executives repurchased the company in 1985 with backing from Northwestern Mutual. [https://www.mgic.com/about-mgic] [https://mtg.mgic.com/company-information]\n\nMGIC expanded its mortgage-insurance business through the purchase of Loan and Mortgage Insurance Company in 1984; the business was renamed Mortgage Guaranty Insurance Corporation in 1985. [https://oci.wi.gov/Documents/Companies/FinMortGInsCo.pdf] The housing downturn brought substantial losses, including a net loss of $518.9 million in 2008. [https://last10k.com/sec-filings/mtg/0000950137-09-001435.htm] During capital pressures in 2012–13, the company used a separate subsidiary to write some new business in jurisdictions where MGIC could not meet capital requirements, then raised capital and transferred $800 million to MGIC in 2013. [P191064845] Patrick Sinks became CEO in 2015, followed by Timothy Mattke in 2019. [P191065054] [P100038802]\n[https://www.mgic.com/about-mgic][https://mtg.mgic.com/company-information][https://oci.wi.gov/Documents/Companies/FinMortGInsCo.pdf][https://last10k.com/sec-filings/mtg/0000950137-09-001435.htm][P191064845][P191065054][P100038802][https://www.mgic.com/about-mgic][https://mtg.mgic.com/company-information][https://oci.wi.gov/Documents/Companies/FinMortGInsCo.pdf][https://last10k.com/sec-filings/mtg/0000950137-09-001435.htm]",
      "updatedAt": "2026-10-02T16:22:18.181254Z"
    }
  ],
  "sources": [
    {
      "id": "P100530864",
      "href": "https://app.finbar.com/go?id=P100530864",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "https://mtg.mgic.com/company-information",
      "href": "https://mtg.mgic.com/company-information",
      "label": "mtg.mgic.com"
    },
    {
      "id": "https://www.mgic.com/careers/who",
      "href": "https://www.mgic.com/careers/who",
      "label": "www.mgic.com"
    },
    {
      "id": "P76533862",
      "href": "https://app.finbar.com/go?id=P76533862",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "T16528782",
      "href": "https://app.finbar.com/go?id=T16528782",
      "label": "MGIC INVESTMENT CORP — Full financial report (2026 Q 2)",
      "documentId": "D-d207af69c7b34b45a430f56d5ee9856e"
    },
    {
      "id": "P92056645",
      "href": "https://app.finbar.com/go?id=P92056645",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P50431464",
      "href": "https://app.finbar.com/go?id=P50431464",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P28809945",
      "href": "https://app.finbar.com/go?id=P28809945",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P100104432",
      "href": "https://app.finbar.com/go?id=P100104432",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P16344499",
      "href": "https://app.finbar.com/go?id=P16344499",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P107664048",
      "href": "https://app.finbar.com/go?id=P107664048",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P43087927",
      "href": "https://app.finbar.com/go?id=P43087927",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "https://www.mgic.com/rates/mortgage-insurance-rates-miq",
      "href": "https://www.mgic.com/rates/mortgage-insurance-rates-miq",
      "label": "www.mgic.com"
    },
    {
      "id": "https://www.mgic.com/underwriting/streamlined-mortgage-insurance",
      "href": "https://www.mgic.com/underwriting/streamlined-mortgage-insurance",
      "label": "www.mgic.com"
    },
    {
      "id": "https://www.mgic.com/tools/portfolio-playbook",
      "href": "https://www.mgic.com/tools/portfolio-playbook",
      "label": "www.mgic.com"
    },
    {
      "id": "https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43612-description-pdf-playbook-pro.pdf?v=23",
      "href": "https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43612-description-pdf-playbook-pro.pdf?v=23",
      "label": "www.mgic.com"
    },
    {
      "id": "https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43668-description-pdf-community-pro.pdf?v=14",
      "href": "https://www.mgic.com/-/media/value-adds/portfolio-playbook/71-43668-description-pdf-community-pro.pdf?v=14",
      "label": "www.mgic.com"
    },
    {
      "id": "P144441091",
      "href": "https://app.finbar.com/go?id=P144441091",
      "label": "MGIC INVESTMENT CORP — Full financial report (2026 Q 2)",
      "documentId": "D-d207af69c7b34b45a430f56d5ee9856e"
    },
    {
      "id": "P17581793",
      "href": "https://app.finbar.com/go?id=P17581793",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P99579951",
      "href": "https://app.finbar.com/go?id=P99579951",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "https://www.sec.gov/Archives/edgar/data/876437/000087643726000010/mtg-20251231.htm",
      "href": "https://www.sec.gov/Archives/edgar/data/876437/000087643726000010/mtg-20251231.htm",
      "label": "www.sec.gov"
    },
    {
      "id": "P110723638",
      "href": "https://app.finbar.com/go?id=P110723638",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "P81996606",
      "href": "https://app.finbar.com/go?id=P81996606",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "T7942613",
      "href": "https://app.finbar.com/go?id=T7942613",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    },
    {
      "id": "https://mtg.mgic.com/static-files/311e15f3-93a7-43b2-800f-36a00bb65026",
      "href": "https://mtg.mgic.com/static-files/311e15f3-93a7-43b2-800f-36a00bb65026",
      "label": "mtg.mgic.com"
    },
    {
      "id": "https://www.mgic.com/about-mgic",
      "href": "https://www.mgic.com/about-mgic",
      "label": "www.mgic.com"
    },
    {
      "id": "https://oci.wi.gov/Documents/Companies/FinMortGInsCo.pdf",
      "href": "https://oci.wi.gov/Documents/Companies/FinMortGInsCo.pdf",
      "label": "oci.wi.gov"
    },
    {
      "id": "https://last10k.com/sec-filings/mtg/0000950137-09-001435.htm",
      "href": "https://last10k.com/sec-filings/mtg/0000950137-09-001435.htm",
      "label": "last10k.com"
    },
    {
      "id": "P191064845",
      "href": "https://app.finbar.com/go?id=P191064845",
      "label": "MGIC INVESTMENT CORP — Full financial report (2015 Y)",
      "documentId": "D-e01fd4ea0ef046b5a80e574bc9c39804"
    },
    {
      "id": "P191065054",
      "href": "https://app.finbar.com/go?id=P191065054",
      "label": "MGIC INVESTMENT CORP — Full financial report (2015 Y)",
      "documentId": "D-e01fd4ea0ef046b5a80e574bc9c39804"
    },
    {
      "id": "P100038802",
      "href": "https://app.finbar.com/go?id=P100038802",
      "label": "MGIC INVESTMENT CORP — Full financial report (2025 Y)",
      "documentId": "D-e1f21061493445d1acd0b92af70a374d"
    }
  ]
}