MGIC Investment Corp. (MTG)

[tommiegun54]

MGIC HAS $800 MILLION IN EXCESS CAPITAL UNDER PMIERS

MGIC HAS $800 million excess capital unlike ESNT who had to issue $400 MILLION recently to booster new growth capital.

"As the most significant purchasers and sellers of conventional mortgage loans and beneficiaries of private
mortgage insurance, Freddie Mac and Fannie Mae impose financial and other requirements on private
mortgage insurers in order for them to be eligible to insure loans sold to the GSEs (these requirements are
referred to as the "PMIERs", as discussed above). These requirements are subject to change from time to time.
Based on our interpretation of the financial requirements of the PMIERs, as of December 31, 2017, MGIC’s
Available Assets totaled $4.8 billion, or $0.8 billion in excess of its Minimum Required Assets. MGIC is in
compliance with the requirements of the PMIERs and eligible to insure loans."

Page 29 of SEC 10k 2017