Company Overview Visit mgic.com website
MGIC Investment Company is a publicly held U.S. company that specializes in mortgage insurance, which is intended to protect investors who lend money for the purchase of real estate against losses due to default on repayment by borrowers.
The firm was founded in 1971 under the name Mid America Mortgage, which eventually became MGIC (Midwest Guaranteed Individual Corporation). After going public, it assumed its current name in 1980. MGIC has grown significantly over time and currently operates worldwide with several business divisions serving areas throughout the United States, Canada and Australia. It employs approximately 5,500 people globally out of offices located in 19 states throughout the country as well as Australia and Canada.