Company
MGIC Investment Corporation
Headquarters: Milwaukee, WI, United States
Founded: 1957
Employees: 711
CEO: Mr. Timothy James Mattke
Market Cap
$5.35 Billion
USD as of Jan. 1, 2024
MGIC Investment Corporation Categories
United States Financials Insurance—SpecialtyUnited States Financials United States Insurance—Specialty
Top Competitors by Market Capitalization
Industry: Insurance—Specialty
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
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Stocks & Indices
MGIC Investment Corporation has the following listings and related stock indices.
Stock: NYSE: MTG wb_incandescent
Stock: FSX: MGC wb_incandescent
Key People
Founder(s): Max H. Karl