MGIC Investment Corp. (MTG)

[tommiegun54]

MGIC RISK/CAPITAL RATIO FELL TO 9.8 vs 11.1 Y/O/Y IN Q3 2018

Here's the data from earnings report: Mortgage Guaranty Insurance Corporation - Risk to Capital
Q3 . . . Q2 .. . Q1/2018 .. Q4 .. Q3/2017
9.0:1 * 9.1:1 ** 9.4:1 ** 9.5:1 **10.1:1

Combined Insurance Companies - Risk to Capital

9.8:1 . 10.0:1 . 10.3:1 . 10.5:1 . 11.1:1

Just for comparison RADIAN GRUOP COMBINED RATIO WAS 11.8:1 IN Q3 2018.

From RADIANT Group SEC 10Q JUNE 30, 2018:
"The Risk-to-capital ratio for our combined mortgage insurance operations was 11.8 to 1 as of June 30, 2018, compared to 12.1 to 1 as of December 31, 2017."

Data shows, that in most cases the capital ratios are improving quarterly. During and after "the great recession", MGIC INVESTMENT struggled to maintain 25.0 to 1 , which has been the maximum state requirement in Wisconsin.