MGIC INVESTMENT CORP
Close on Oct 19, 2026
- Market cap
- $5.85B
- P/E (TTM)
- 8.7
- Dividend yield
- –
About Mgic Investment
Surety Insurance, SIC 6351
MGIC Investment Corporation operates as a holding company providing private mortgage insurance, mortgage credit risk management solutions, and ancillary services through its subsidiaries, primarily Mortgage Guaranty Insurance Corporation. The company offers primary mortgage insurance protecting lenders against homeowner defaults on residential first mortgages, mainly for owner-occupied single-family properties, under monthly, single, and annual premium structures. Additionally, an insurance subsidiary participates in credit risk transfer programs covering reference pools of mortgages. Its customers consist of residential mortgage loan originators, including commercial banks, savings institutions, credit unions, mortgage bankers, and mortgage brokers.
The company operates across all fifty United States, the District of Columbia, Puerto Rico, and Guam, where its principal insurance subsidiary is licensed and writes business. MGIC Investment Corporation maintains its principal executive office at MGIC Plaza, 250 East Kilbourn Avenue, in Milwaukee, Wisconsin.
Summary of the business section of Mgic Investment's latest annual report, written by StockData.
Company profile
Company
- Legal name
- MGIC INVESTMENT CORP
- Founded
- 1984
- Headquarters
- Milwaukee, WI
- Address
- 250 East Kilbourn Avenue 53202
- Phone
- (414) 347-6480
- Website
- mgic.com
- Industry
- Surety Insurance
- Incorporated in
- Wisconsin
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Milwaukee, Wisconsin
Stock & identifiers
- Ticker
- MTG
- Exchange
- NYSE
- IPO date
- Aug 7, 1991
- Shares outstanding
- 205M, Jul 24, 2026
- Public float
- $6.30B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Jun 3, 1997; 2-for-1, Dec 3, 1993
- SEC CIK
- 876437
- CUSIP
- 552848103
- ISIN
- US5528481030
- LEI
- 254900S8483WM4M98R28
- EIN
- 39-1486475
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Timothy J. Mattke | Chief Executive Officer, Director | 980,892 |
| Nathaniel H. Colson | Officer EVP, CFO & CRO | 321,226 |
| Salvatore A. Miosi | President & COO | 780,790 |
| Paula C. Maggio | EVP and General Counsel | 260,042 |
| Julie K. Sperber | VP-Chief Accounting Officer | 95,035 |
| Martin P. Klein | Director | 6,515 |
| Teresita M. Lowman | Director | 34,533 |
| C. Edward Chaplin | Director | 44,868 |
| Mark Zandi | Director | 33,975 |
| Daniela O'Leary-Gill | Director | 6,493 |
| Michael Leal Thompson | Director | 18,587 |
| Curt S. Culver | Director | 33,733 |
| Sheryl L. Sculley | Director | 35,288 |
| Jay C. Hartzell | Director | 35,622 |
| Jodee A. Kozlak | Director | 34,495 |
| Analisa M. Allen | Director | 29,955 |
| Timothy A. Holt | Director | 49,489 |
| Daniel A. Arrigoni | Director | 58,736 |
| Michael E. Lehman | Director | 67,478 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Mattke | $8.37M | $16.40M | $3.12M | $261 | $206 |
| FY2024 Mr. Mattke | $8.83M | $23.27M | $2.83M | $208 | $177 |
| FY2023 Mr. Mattke | $7.98M | $21.40M | $2.79M | $165 | $147 |
| FY2022 Mr. Mattke | $6.89M | $7.90M | $2.84M | $108 | $121 |
| FY2021 Mr. Mattke | $6.39M | $10.18M | $2.81M | $117 | $128 |
| FY2020 Mr. Mattke | $5.52M | $4.07M | $2.56M | $91 | $96 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 7, 2020 | Delisting | Notice of delisting from exchange (Form 25) |
| Nov 14, 2011 | Deregistration | Termination of SEC registration (Form 15) |
| Nov 9, 2007 | Late filing | Notification of late filing |
| Mar 19, 2007 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Jul 27, 1999 | Listing | Registration of securities on an exchange (Form 8-A) |