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AM Best Affirms Credit Ratings of Operating Subsidiaries of MGIC Investment Corporation

MTG
  • AM Best affirmed MGIC Investment Corporation's operating subsidiaries with an A (Excellent) Financial Strength Rating & an "a" (Excellent) Long-Term Issuer Credit Rating.
  • The outlook for these ratings is stable, reflecting MGIC's strongest balance sheet strength, strong operating performance, limited business profile, & appropriate enterprise risk management.
  • MGIC's strongest balance sheet assessment is supported by risk-adjusted capitalization at the highest level in stressed & unstressed scenarios, measured by the Best Capital Adequacy Ratio (BCAR).
  • Strong operating performance over the past five years is driven by solid underwriting, low loss ratios, & investment income contributing to earnings.
  • The limited business profile assessment arises from MGIC's focus on U.S. single-family mortgage risk, which is tied to macroeconomic conditions & standards set by Fannie Mae & Freddie Mac.
  • MGIC operates as one of six private mortgage insurers in the U.S., facing competition from other private insurers & government agencies like the FHA & Veterans Affairs.
  • The company employs a robust enterprise risk management framework that aligns appropriately with the size & complexity of its mortgage insurance business.
  • The press release refers to credit ratings published on AM Best's website, with additional disclosures available on their Recent Rating Activity page.
  • AM Best is a global credit rating agency headquartered in the U.S. with operations in over 100 countries & regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore, & Mexico City.
  • The copyright for this release is held by A.M. Best Rating Services, Inc. for the year 2026.