MGIC Investment Corp
NYSE:MTG
Net Margin
MGIC Investment Corp
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Net Margin Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| US |
|
MGIC Investment Corp
NYSE:MTG
|
5.9B USD |
63%
|
|
| US |
|
Rocket Companies Inc
NYSE:RKT
|
28.1B USD |
1%
|
|
| US |
|
UWM Holdings Corp
NYSE:UWMC
|
9.4B USD |
1%
|
|
| US |
|
Federal National Mortgage Association
OTC:FNMA
|
7.4B USD |
0%
|
|
| US |
|
Mr Cooper Group Inc
NASDAQ:COOP
|
6.6B USD |
30%
|
|
| BM |
|
Essent Group Ltd
NYSE:ESNT
|
5.8B USD |
59%
|
|
| US |
|
PennyMac Financial Services Inc
NYSE:PFSI
|
5.2B USD |
13%
|
|
| US |
|
Enact Holdings Inc
NASDAQ:ACT
|
5.1B USD |
57%
|
|
| US |
|
Radian Group Inc
NYSE:RDN
|
4.7B USD |
47%
|
|
| US |
|
New York Community Bancorp Inc
NYSE:NYCB
|
4.5B USD |
-98%
|
|
| US |
|
Axos Financial Inc
NYSE:AX
|
3.7B USD |
36%
|
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
Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.
Based on MGIC Investment Corp's most recent financial statements, the company has Net Margin of 63.2%.
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