Corporate Sustainability Report
At MGIC, we aim to maintain the long-term sustainability and profitability of our business model for our shareholders; support borrowers in sustainable homeownership; develop our communities to be vibrant and sustainable; create a workplace where our co-workers can thrive; hold high standards for our business conduct with our customers; and do our part to protect the environment for future generations.
Letter from CEO
"At MGIC, we believe that sustainable, accessible homeownership is a cornerstone of financial security and strong communities."
For decades, our product – private mortgage insurance (PMI) – has helped families purchase homes sooner than they otherwise could, allowing them to invest in their futures and build generational wealth. This mission is as important today as ever – especially as the path to homeownership remains challenging for many.
Our role in the housing ecosystem carries a responsibility not just to homebuyers but also to the stakeholders who make our work possible – our co-workers, customers, shareholders, community partners and industry organizations. We succeed together, and that success is built on transparency, collaboration and a commitment to long-term impact.
In the following pages, you will see how we bring this mindset to life. Over the past year, we have strengthened our leadership communication and transparency efforts internally, launched a new learning model to enhance professional growth for our co-workers, and deepened our investment in communities through monetary and in-kind donations. We also opened our corporate office doors to key nonprofit partners like Habitat for Humanity and Acts Housing, reinforcing our shared commitment to homeownership access for all.
The need for solutions like ours is clear. On average, a household earning the national median income of $74,580 would need 26 years to save 20% plus closing costs for a median-priced home. MGIC makes homeownership achievable sooner – helping families make memories today rather than plans for tomorrow.
None of this happens in isolation. Our engaged Board of Directors and corporate leadership help drive our vision, ensuring that MGIC’s long-term sustainability is embedded in everything we do. Through their vision – and the collective efforts of our co-workers and partners – we remain focused on maximizing both the value we create for stakeholders and the impact we have on the communities we serve.
Thank you for your continued partnership in this mission. Together, we are not just driving the path to homeownership – we are strengthening futures.
