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MGIC Investment Overview

Mortgage Guaranty Insurance Corporation NYSE: MTG is a provider of private mortgage insurance in the United States.
The staff at MGIC Investment come from unusually diverse demographic backgrounds. The company is 60.5% female and 33.8% ethnic minorities. MGIC Investment employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 63.6% of employees identifying as members of the Republican Party. Despite their political differences, employees at MGIC Investment seem to be happy. The company has great employee retention with staff members usually staying for 4.7 years. The average employee at MGIC Investment makes $60,896 per year. Pay at MGIC Investment is significantly lower than some of its highest paying competitors, like Radian Group, United Guaranty, and Triad Guaranty, which pay $86,964, $80,778, and $78,294, respectively.
MGIC Investment is a medium insurance company with 823 employees and an annual revenue of $1.1B that is headquartered in Wisconsin.

The Organization’s Mission

To help communities flourish by making homeownership more affordable.







Founded in



Milwaukee, WI


Organization Type


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The Team At MGIC Investment

The Culture At MGIC Investment

Information provided by the company
A team that fosters a culture of career development and continuous learning opportunities to help you rise to new heights. We are passionate about providing outstanding customer service and making a difference in our community.
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MGIC Investment Rankings

MGIC Investment is ranked #44 on the Best Insurance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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MGIC Investment Salaries

How much does MGIC Investment pay?
The national average salary for an MGIC Investment employee in the United States is $60,896 per year. Employees in the top 10 percent can make over $113,000 per year, while employees at the bottom 10 percent earn less than $32,000 per year.
Salary Score
Average Employee Earnings

MGIC Investment Salaries By Job Title

While the average employee salary at MGIC Investment is $60,896, there is a big variation in pay depending on the role. Some of the positions that earn high wages at MGIC Investment include systems director, internal audit director, operations system administrator, and senior underwriter. A typical systems director salary at MGIC Investment is $169,704 per year. Other roles at MGIC Investment include claim processor and receptionist secretary. A claim processor at MGIC Investment earns an average yearly salary of $23,810.
Job Title
Average Salarydesc
Systems Director
Salary Range155k - 184k$170k$169,704
Internal Audit Director
Salary Range119k - 157k$137k$137,416
Operations System Administrator
Salary Range108k - 119k$114k$113,581
Senior Underwriter
Salary Range84k - 130k$105k$105,273
Underwriting Manager
Salary Range87k - 121k$103k$103,159
ETL Developer
Salary Range76k - 97k$87k$86,580
Information Security Engineer
Salary Range78k - 94k$86k$85,926
Network Engineer
Salary Range75k - 96k$85k$85,139
Key Account Manager
Salary Range75k - 93k$84k$84,067
Systems Developer
Salary Range69k - 99k$83k$82,838

MGIC Investment Careers

On average, employees at MGIC Investment stay with the company for 4.7 years. Employees most commonly join MGIC Investment after leaving Wells Fargo. When they leave MGIC Investment, they most frequently get their next job at Wells Fargo.

Average Length of Employment

Radian Group
2.7 years

Top Employers Before MGIC Investment

Top Employers After MGIC Investment

MGIC Investment Employee Demographics

Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

MGIC Investment Employees Education

Of the 823 employees at MGIC Investment, 21.8% attended University of Wisconsin - Milwaukee. Employees at MGIC Investment most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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MGIC Investment Employee Political Affiliation

MGIC Investment employees are most likely to be members of the Republican Party. The largest donation made to a political party by an MGIC Investment employee was by Curt Culver. Curt Culver donated $32,950 to the Republican Party.

Employee Political Donations

NameascdescJob TitleascdescPartyascdescDonationascdesc
Curt CulverChief Executive Officer
Curt Culver
Chief Executive Officer
Chief Executive Officer
Republican Party
Republican Party
$32,950Republican Party
JON LauerExecutive Vice President
JON Lauer
Executive Vice President
Executive Vice President
Republican Party
Republican Party
$5,000Republican Party
John WisemanVice President/Managing Director
John Wiseman
Vice President/Managing Director
Vice President/Managing Director
Republican Party
Republican Party
$4,750Republican Party
Michael LauerAttorney
Michael Lauer
Republican Party
Republican Party
$2,000Republican Party
Susan NilsenUnderwriter
Susan Nilsen
Republican Party
Republican Party
$1,500Republican Party
Patrick SinksChief Executive Officer
Patrick Sinks
Chief Executive Officer
Chief Executive Officer
Democratic Party
Democratic Party
$1,250Democratic Party
REX HooleyBanker
REX Hooley
Democratic Party
Democratic Party
$1,100Democratic Party
John LoftusRetired
John Loftus
Republican Party
Republican Party
$1,000Republican Party
Curl CulverChief Executive Officer
Curl Culver
Chief Executive Officer
Chief Executive Officer
Republican Party
Republican Party
$500Republican Party
Debra NelsonSales
Debra Nelson
Republican Party
Republican Party
$340Republican Party
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MGIC Investment Financial Performance

Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.


> $1B

Founded in


Organization type


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MGIC Investment Competitors

Competitors of MGIC Investment include Radian Group, United Guaranty, and Triad Guaranty. Employees at Radian Group earn more than most of the competition, with an average yearly salary of $86,964. The employees at United Guaranty earn an average yearly salary of $80,778 per year, and the salaries at Triad Guaranty average $78,294 per year.
Average Salarydesc
Radian Group
Salary Range63k - 118k$87k$86,964
United Guaranty
Salary Range59k - 109k$81k$80,778

Triad Guaranty

Salary Range59k - 102k$78k$78,294

Risk Placement Services

Salary Range48k - 95k$68k$68,250

AFM Insurance

Salary Range51k - 89k$68k$67,840


Salary Range50k - 88k$67k$66,871
Brotherhood Mutual Insurance
Salary Range48k - 87k$65k$65,365

Pronational Insurance Co

Salary Range49k - 82k$64k$64,072

Burns & Wilcox

Salary Range46k - 78k$60k$60,169
Genworth Financial
Salary Range41k - 85k$59k$59,299

Frequently Asked Questions about MGIC Investment

When was MGIC Investment founded?

MGIC Investment was founded in 1957.

How many Employees does MGIC Investment have?

MGIC Investment has 823 employees.

How much money does MGIC Investment make?

MGIC Investment generates $1.1B in revenue.

What industry is MGIC Investment in?

MGIC Investment is in the insurance industry.

What is MGIC Investment's mission?

MGIC Investment's mission statement is "To help communities flourish by making homeownership more affordable."

What type of company is MGIC Investment?

MGIC Investment is a public company.

Who are MGIC Investment's competitors?

MGIC Investment competitors include United Guaranty, Radian Group, Genworth Financial, G J Sullivan Co, Triad Guaranty, Unico American, Pronational Insurance Co, Affiliated Financial Life Insurance co, Burns & Wilcox, Capacity Insurance, Bass Underwriters, Risk Placement Services, Mc Clelland & Hine, AFM Insurance, Key Benefit Administrators, Chubb Limited, Brotherhood Mutual Insurance, Wellington Insurance Holdings, ProAssurance, Colonial Savings.

Where is MGIC Investment's headquarters?

MGIC Investment's headquarters is in Milwaukee, WI.

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Updated December 31, 2020

Zippia gives an in-depth look into the details of MGIC Investment, including salaries, political affiliations, employee data, and more, in order to inform job seekers about MGIC Investment. The employee data is based on information from people who have self-reported their past or current employments at MGIC Investment. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of MGIC Investment and its employees or that of Zippia.

MGIC Investment may also be known as or be related to MGIC, MGIC INVESTMENT CORP, MGIC Investment, MGIC Investment Corporation, Mortgage Guaranty Insurance Corp. and Mortgage Guaranty Insurance Corporation.