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MTG| Name | Value |
|---|---|
| Revenues | 306.6M |
| Cost of Revenue | 51.0M |
| Gross Profit | 255.7M |
| Operating Expense | 53.3M |
| Operating I/L | 254.3M |
| Other Income/Expense | -8.9M |
| Interest Income | 0.0M |
| Pretax | 254.3M |
| Income Tax Expense | 54.3M |
| Net Income/Loss | 200.0M |
MGIC Investment Corporation and its subsidiaries provide private mortgage insurance, 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 protects lenders from defaults on individual loans, covering unpaid loan principal, delinquent interest, and foreclosure expenses. Additionally, it provides contract underwriting services and reinsurance. MGIC serves residential mortgage loan originators, including savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers.
