MGIC Investment Corporation

NYSE MTG

MGIC Investment Corporation Debt to Equity Ratio for the Trailing 12 Months (TTM) ending September 30, 2024: 0.13

MGIC Investment Corporation Debt to Equity Ratio is 0.13 for the Trailing 12 Months (TTM) ending September 30, 2024, a -9.15% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.
  • MGIC Investment Corporation Debt to Equity Ratio for the Trailing 12 Months (TTM) ending September 30, 2023 was 0.14, a -30.14% change year over year.
  • MGIC Investment Corporation Debt to Equity Ratio for the Trailing 12 Months (TTM) ending September 30, 2022 was 0.20, a -23.87% change year over year.
  • MGIC Investment Corporation Debt to Equity Ratio for the Trailing 12 Months (TTM) ending September 30, 2021 was 0.26, a 20.70% change year over year.
  • MGIC Investment Corporation Debt to Equity Ratio for the Trailing 12 Months (TTM) ending September 30, 2020 was 0.21, a 0.48% change year over year.
Key data
Date Debt to Equity Ratio Debt to Income Ratio Debt to Tangible Net Worth Ratio Dividend Coverage Ratio
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NYSE: MTG

MGIC Investment Corporation

CEO Mr. Timothy James Mattke CPA
IPO Date Aug. 7, 1991
Location United States
Headquarters MGIC Plaza
Employees 627
Sector Finance
Industries
Description

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

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StockViz Staff

January 15, 2025

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