MGIC Investment Corp
NYSE:MTG
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MGIC Investment Corp
MGIC Investment Corp
Net Income (Common)
MGIC Investment Corp
Net Income (Common) Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Net Income (Common) | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
MGIC Investment Corp
NYSE:MTG
|
Net Income (Common)
$762.8m
|
CAGR 3-Years
8%
|
CAGR 5-Years
3%
|
CAGR 10-Years
16%
|
|
|
PennyMac Financial Services Inc
NYSE:PFSI
|
Net Income (Common)
$170.1m
|
CAGR 3-Years
-49%
|
CAGR 5-Years
-9%
|
CAGR 10-Years
17%
|
|
|
UWM Holdings Corp
NYSE:UWMC
|
Net Income (Common)
-$13.2m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Rocket Companies Inc
NYSE:RKT
|
Net Income (Common)
-$15.5m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Enact Holdings Inc
NASDAQ:ACT
|
Net Income (Common)
$665.5m
|
CAGR 3-Years
22%
|
CAGR 5-Years
8%
|
CAGR 10-Years
N/A
|
|
|
Mr Cooper Group Inc
NASDAQ:COOP
|
Net Income (Common)
$511m
|
CAGR 3-Years
-29%
|
CAGR 5-Years
N/A
|
CAGR 10-Years
47%
|
|
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 Net Income (Common)?
Net Income (Common)
762.8m
USD
Based on the financial report for Sep 30, 2024, MGIC Investment Corp's Net Income (Common) amounts to 762.8m USD.
What is MGIC Investment Corp's Net Income (Common) growth rate?
Net Income (Common) CAGR 10Y
16%
Over the last year, the Net Income (Common) growth was 6%. The average annual Net Income (Common) 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 .
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