MGIC Releases Monthly Operating Statistics

                  MGIC Releases Monthly Operating Statistics

PR Newswire

MILWAUKEE, Jan. 8, 2013

MILWAUKEE, Jan. 8, 2013 /PRNewswire/ --MGIC Investment Corporation (NYSE:
MTG) today issued an Operational Summary of its insurance subsidiaries for the
month of December 2012 for their primary mortgage insurance. The summary is
also available on the company's website at http://mtg.mgic.com, under Investor
Information, Press Releases.

The information concerning new notices and cures is compiled from reports
received from loan servicers. The level of new notice and cure activity
reported in a particular month can be influenced by, among other things, the
date on which a servicer generates its report, the number of business days in
a month, and by transfers of servicing between loan servicers.

                                                                 December 2012
Primary New Insurance Written ($Billions)                        $2.2
Beginning Primary Delinquent Inventory (# of loans)              143,153
Plus: New Notices                                                10,314
Less: Cures (1)                                                  10,150
Less: Paids (including those charged to a deductible or         3,297
captive)
Less: Rescissions and Denials (2)                                175
Ending Primary Delinquent Inventory (# of loans)                 139,845

(1) 941 loans were cured during December as a result of the aggregate loss
limits on certain policies being reached. These policies are not related to
the recently disclosed Freddie Mac settlement.
(2) Refer to our Form 10-Q filed with the Securities and Exchange Commission
on November 9, 2012, for information about our suspension of certain
rescissions and the number of rescissions suspended as of September 30, 2012.

About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation,
is the nation's largest private mortgage insurer as measured by $164.9 billion
primary insurance in force covering 1.0 million mortgages as of September 30,
2012. MGIC serves lenders throughout the United States, Puerto Rico, and other
locations helping families achieve homeownership sooner by making affordable
low-down-payment mortgages a reality.

From time to time MGIC Investment Corporation releases important information
via postings on its corporate website without making any other disclosure and
intends to continue to do so in the future. Investors and other interested
parties are encouraged to enroll to receive automatic email alerts and Really
Simple Syndication (RSS) feeds regarding new postings. Enrollment information
can be found at http://mtg.mgic.comunder Investor Information.

SOURCE MGIC Investment Corporation

Website: http://www.mgic.com
Contact: Investors, Michael J. Zimmerman, +1-414-347-6596,
mike_zimmerman@mgic.com; or Media, Katie Monfre, +1-414-347-2650,
katie_monfre@mgic.com
 
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