MGIC Investment Corp
NYSE:MTG

Watchlist Manager
MGIC Investment Corp Logo
MGIC Investment Corp
NYSE:MTG
Watchlist
Price: 23.66 USD 1.46% Market Closed
Market Cap: 6B USD
Have any thoughts about
MGIC Investment Corp?
Write Note

MGIC Investment Corp
Income from Continuing Operations

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
|

MGIC Investment Corp
Income from Continuing Operations Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Income from Continuing Operations CAGR 3Y CAGR 5Y CAGR 10Y
MGIC Investment Corp
NYSE:MTG
Income from Continuing Operations
$762.8m
CAGR 3-Years
8%
CAGR 5-Years
3%
CAGR 10-Years
16%
PennyMac Financial Services Inc
NYSE:PFSI
Income from Continuing Operations
$170.1m
CAGR 3-Years
-49%
CAGR 5-Years
-10%
CAGR 10-Years
-1%
UWM Holdings Corp
NYSE:UWMC
Income from Continuing Operations
-$69.8m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Rocket Companies Inc
NYSE:RKT
Income from Continuing Operations
-$390.1m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Enact Holdings Inc
NASDAQ:ACT
Income from Continuing Operations
$665.5m
CAGR 3-Years
22%
CAGR 5-Years
7%
CAGR 10-Years
N/A
Mr Cooper Group Inc
NASDAQ:COOP
Income from Continuing Operations
$511m
CAGR 3-Years
-30%
CAGR 5-Years
N/A
CAGR 10-Years
38%
No Stocks Found

MGIC Investment Corp
Glance View

Market Cap
6.1B USD
Industry
Financial Services
Economic Moat
None

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.

MTG Intrinsic Value
30.43 USD
Undervaluation 22%
Intrinsic Value
Price

See Also

What is MGIC Investment Corp's Income from Continuing Operations?
Income from Continuing Operations
762.8m USD

Based on the financial report for Sep 30, 2024, MGIC Investment Corp's Income from Continuing Operations amounts to 762.8m USD.

What is MGIC Investment Corp's Income from Continuing Operations growth rate?
Income from Continuing Operations CAGR 10Y
16%

Over the last year, the Income from Continuing Operations growth was 6%. The average annual Income from Continuing Operations growth rates for MGIC Investment Corp have been 8% over the past three years , 3% over the past five years , and 16% over the past ten years .

Back to Top