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 57.2% female and 33.4% ethnic minorities. MGIC Investment employees are slightly more likely to be members of the Republican Party than the Democratic Party, with 60.0% 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 $64,738 per year. Pay at MGIC Investment is significantly lower than some of its highest paying competitors, like Swiss Re America Holding, Radian Group, and Swiss Reinsurance America, which pay $93,526, $84,402, and $83,250, 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.

Industry

Insurance

Revenue

$1.1B

Employees

823

Founded in

1957

Headquarters

Milwaukee, WI

Website

mtg.mgic.com

Organization Type

Public

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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 #85 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 $64,738 per year. Employees in the top 10 percent can make over $111,000 per year, while employees at the bottom 10 percent earn less than $37,000 per year.
9.4
Salary Score
Average Employee Earnings

MGIC Investment Salaries By Job Title

While MGIC Investment employees earn an average yearly salary of $64,738, different roles can command different wages. The higher paying positions at MGIC Investment include Internal Audit Director, Team Leader, Underwriting Manager, and Key Account Manager. A typical Internal Audit Director salary at MGIC Investment is $119,567 per year. Other roles at MGIC Investment include Receptionist Secretary and Front Desk Receptionist. A Receptionist Secretary at MGIC Investment earns an average yearly salary of $24,686.

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

MGIC Investment

4.7 years
Radian Group2.6 years
Top Employers Before MGIC Investment
Chase6.8 %
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Top Employers After MGIC Investment
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MGIC Investment Financial Performance

9.0
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1957

Organization type

Public

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MGIC Investment Competitors

Some of the competitors of MGIC Investment are Swiss Re America Holding, Radian Group, and Swiss Reinsurance America. Employees at Swiss Re America Holding earn more than most of the competition, with an average yearly salary of $93,526. The salaries at Radian Group average $84,402 per year, and the salaries at Swiss Reinsurance America come in at $83,250 per year.

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 Radian Group, Genworth Financial, HCC Insurance Holdings, Crum & Forster Insurance Group, Swiss Re America Holding, Rain and Hail Insurance, Magna Carta Companies, ProAssurance, Illinois Agricultural Holding Co, Chubb Specialty Insurance Co, Regence Blue Shield of Idaho, Reliance Standard, Sedgwick CMS Holdings, WPS Health Insurance, OneBeacon Insurance Group, Key Benefit Administrators, Zenith Insurance, Swiss Reinsurance America, BUILDERS INSURANCE, AmeriTrust Group.

Where is MGIC Investment's headquarters?

MGIC Investment's headquarters is in Milwaukee, WI.

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You can find out what it is like to work at MGIC Investment, also known as MGIC, MGIC INVESTMENT CORP, MGIC Investment, MGIC Investment Corporation and Mortgage Guaranty Insurance Corporation.

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.