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MGIC Investment (STU:MGC) Allowance For Loans And Lease Losses


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What is MGIC Investment Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


MGIC Investment (STU:MGC) Business Description

Industry
Traded in Other Exchanges
Address
250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.