A
MGIC Assurance Corp
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
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Major Rating Factors: Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent profitability index (8.0).
Other Rating Factors: Superior liquidity (9.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business: Other (100%)
Licensed in: All states except CA, CT, KY, ME, NH
Principal Investments: Investment grade bonds (95.2%), other (4.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
MGIC Investment Corporation
Investment Rating
MTG
Company Address
250 East Kilbourn Avenue
Milwaukee, WI 53202
Phone Number
(800) 558-9900
NAIC Number
22594
Largest Affiliates
C
Milwaukee, WI - P&C
A
Milwaukee, WI - P&C
B
Milwaukee, WI - P&C