MGIC Investment Corp
NYSE:MTG
MGIC Investment Corp
Change in Working Capital
MGIC Investment Corp
Change in Working Capital Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Change in Working Capital | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
MGIC Investment Corp
NYSE:MTG
|
Change in Working Capital
-$93.1m
|
CAGR 3-Years
-26%
|
CAGR 5-Years
6%
|
CAGR 10-Years
18%
|
|
|
PennyMac Financial Services Inc
NYSE:PFSI
|
Change in Working Capital
-$3.3B
|
CAGR 3-Years
N/A
|
CAGR 5-Years
-17%
|
CAGR 10-Years
-14%
|
|
|
UWM Holdings Corp
NYSE:UWMC
|
Change in Working Capital
-$4B
|
CAGR 3-Years
25%
|
CAGR 5-Years
-6%
|
CAGR 10-Years
N/A
|
|
|
Rocket Companies Inc
NYSE:RKT
|
Change in Working Capital
-$1.1B
|
CAGR 3-Years
N/A
|
CAGR 5-Years
25%
|
CAGR 10-Years
N/A
|
|
|
Enact Holdings Inc
NASDAQ:ACT
|
Change in Working Capital
-$30.2m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
28%
|
CAGR 10-Years
N/A
|
|
|
Mr Cooper Group Inc
NASDAQ:COOP
|
Change in Working Capital
-$957m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
MGIC Investment Corp
Glance View
MGIC Investment Corp., headquartered in Milwaukee, has long been a cornerstone in the niche market of private mortgage insurance (PMI). Founded in 1957, the firm was born from a visionary concept by Max Karl, who sought to make homeownership accessible even to those strapped by the limitations of conventional down payment requirements. MGIC operates primarily through its principal subsidiary, Mortgage Guaranty Insurance Corporation, underwriting mortgage insurance policies that protect lenders in the event a borrower defaults on a loan. This coverage is critical to lenders as it mitigates risk, thus facilitating the extension of loans to a broader range of prospective homeowners who can only afford smaller down payments. In essence, MGIC plays a pivotal role in the housing market by bridging the gap between homebuyers with limited equity and financial institutions wary of lending to higher-risk profiles. The company's revenue streams are primarily derived from insurance premiums collected on these policies. These premiums vary, influenced by factors such as the amount of the loan, the borrower's creditworthiness, and the loan-to-value ratio. Additionally, the company carefully manages its risk exposure by maintaining a robust portfolio of diversified policies while also investing its premium revenues in a conservative mix of bonds and other securities. This prudent financial management and strategic focus ensure a steady income stream, while also safeguarding its financial stability even during economic downturns. By effectively balancing risk and security, MGIC has consistently carved out its place as a reliable partner in the housing finance ecosystem, adapting to changing regulatory landscapes and economic conditions while maintaining strong relationships with lenders and borrowers alike.
See Also
What is MGIC Investment Corp's Change in Working Capital?
Change in Working Capital
-93.1m
USD
Based on the financial report for Dec 31, 2024, MGIC Investment Corp's Change in Working Capital amounts to -93.1m USD.
What is MGIC Investment Corp's Change in Working Capital growth rate?
Change in Working Capital CAGR 10Y
18%
Over the last year, the Change in Working Capital growth was -29%. The average annual Change in Working Capital growth rates for MGIC Investment Corp have been -26% over the past three years , 6% over the past five years , and 18% over the past ten years .
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