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Home > Company Index > Insurance > Surety, Title & Miscellaneous Insurance > MGIC Investment Corporation

MGIC Investment Corporation
NYSE: MTG
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 NEWS FROM THE WIRES
MGIC Investment profits rise on mortgage boom
Jul 12 2001 05:15 AM PDT

More WIRE STORIES about this company

 PROFILE
MGIC Investment owns Mortgage Guaranty Insurance Corp., which insures low or no down payment mortgages, letting otherwise qualified buyers who can't scrape up the standard 20% down payment get mortgages. The leader in the field, MGIC also offers customer support services under its "Customers for Life" program. Although most of MGIC's sales come from insurance premiums, the company has been converting its in-house payment and default predictive tools into profit centers by offering them to other lenders. It's eMagic.com unit offers a variety of loan origination tools. MGIC also invests in troubled mortgages through its 46% interest in C-BASS and provides property valuation services.

 COMPETITION
General Electric Capital Corporation (dossier)
Old Republic International Corporation (ORI)
The PMI Group, Inc. (PMI)

 STOCK ANALYSIS
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FURTHER ANALYSIS
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• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,110.30
1-Yr. Sales Growth: 11.4%
Employees: 1,093
Revenue per employee: $1,015,828.00

 KEY PEOPLE
• Curt S. Culver
    CEO
• J. Michael Lauer
    CFO

 CONTACT INFO
MGIC Plaza, 250 E. Kilbourn Ave.
Milwaukee, WI 53202
US
Phone: 414-347-6480
Fax: 414-347-6696
Online: Web Site

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