Our History

MGIC Investment Corporation (NYSE: MTG) is the parent company of Mortgage Guaranty Insurance Corporation (MGIC), a preeminent private mortgage insurer. The 1991 Initial Public Offering of MGIC Investment Corporation’s stock marked a new and exciting chapter in MGIC’s storied history.

Originally formed in 1957 by Milwaukee real estate attorney Max Karl, MGIC was established to provide an innovative, affordable alternative for families wanting to buy a home with less than a 20 percent down payment. With a focus on sustainable homeownership, MGIC has grown to provide a critical component of our country's residential mortgage finance system, protecting mortgage investors from credit losses.

Learn more about Max Karl and MGIC.

MGIC Highlights

  • 1957 Max Karl founds MGIC and invents the mortgage insurance industry
  • 1991 MGIC goes public
  • 1996 Curt Culver becomes President of MGIC Investment Corp.
  • 2004 SingleFile is introduced as a competitive response to Piggyback lending

www.mgic.com