AM Best Upgrades Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation [Yahoo! Finance]
MGIC Investment Corporation (MTG)
Last mgic investment corporation earnings: 2/4 06:45 am
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Source: Yahoo! Finance
Long-Term Issuer Credit Rating to "a" (Excellent) from "a-" (Excellent) of the operating subsidiaries of MGIC Investment Corporation [NYSE: MTG]. The operating subsidiaries are Mortgage Guaranty Insurance Corporation, MGIC Indemnity Corporation, and MGIC Assurance Corporation (collectively referred to as MGIC). All companies are domiciled in Milwaukee, WI. In addition, AM Best has revised the Credit Rating (ratings) outlooks to stable from positive. The ratings reflect MGIC's balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM). The upgrade of the ratings reflects the diminished significance of the legacy book of mortgage insurance on loans originated in 2008 and prior. The potential for the legacy book to hinder operating performance materially is reduced because the risk in force of the legacy book has declined significantly. Furthermore, the mark-to-mar
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MTG
Earnings
- 11/4/24 - Beat
MTG
Sec Filings
- 11/4/24 - Form 10-Q
- 11/4/24 - Form 8-K
- 10/17/24 - Form SC
- MTG's page on the SEC website