MGIC Investment Corporation (NYSE: MTG) is a leading provider of private mortgage insurance in the United States. Through its principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), the company offers mortgage credit protection that enables lenders to originate loans with down payments as low as 3%. MGIC’s risk management framework combines advanced analytics, vigilant loan-level underwriting and broad reinsurance partnerships to protect lenders and investors against losses on mortgage defaults.
Founded in 1957 and headquartered in Milwaukee, Wisconsin, MGIC pioneered the private mortgage insurance industry. Over its history, the firm has grown to insure hundreds of billions of dollars in single-family residential mortgages. MGIC’s offerings include primary mortgage insurance, pool insurance for securitized loan portfolios, and custom underwriting solutions, all designed to support market liquidity and promote sustainable homeownership.
MGIC’s operations span all 50 states, serving a diverse range of mortgage lenders—from large national banks and mortgage bankers to community-based institutions. The company maintains underwriting guidelines that balance credit accessibility with sound risk controls, and it continually refines its pricing and capital strategies in response to evolving market conditions. By facilitating lower down payments, MGIC plays a central role in broadening access to affordable home financing.
Under the leadership of Chairman and Chief Executive Officer Michael E. Frericks, MGIC emphasizes disciplined underwriting, technological innovation and financial strength. The company’s management team combines deep industry expertise with a focus on governance, compliance and client service. Through ongoing investment in data analytics and process automation, MGIC seeks to enhance its risk assessment capabilities and maintain its position as a trusted partner to mortgage originators nationwide.
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