MGIC Investment (MTG) 8-K Regulation FD Disclosure

Exhibit 99

Additional Information
	Q4 2015			Q3 2015			Q2 2015			Q1 2015			Q4 2014			Q3 2014
New primary insurance written (NIW) (billions)	$	9.8		$	12.4		$	11.8		$	9.0		$	9.5		$	10.4
Monthly premium plans (1)	7.7			10.2			9.5			6.9			7.9			8.8
Single premium plans	2.1			2.2			2.3			2.1			1.6			1.6
Direct average premium rate (bps)
Monthly (1)	64.6			63.0			63.1			63.6			65.5			63.8
Singles	159.8			176.1			168.5			168.2			189.7			196.0
New primary risk written (billions)	$	2.5		$	3.2		$	3.0		$	2.2		$	2.4		$	2.7
Product mix as a % of primary flow NIW
>95% LTVs	5		%	5		%	5		%	3		%	2		%	2		%
Singles	22		%	18		%	20		%	23		%	17		%	15		%
Refinances	17		%	12		%	20		%	29		%	17		%	12		%
Primary Insurance In Force (IIF) (billions)	$	174.5		$	172.7		$	168.8		$	166.1		$	164.9		$	162.4
Flow only	$	164.0		$	161.8		$	157.5		$	154.5		$	153.0		$	150.2
Annual Persistency	79.7		%	80.0		%	80.4		%	81.6		%	82.8		%	82.8		%
Primary Risk In Force (RIF) (billions)	$	45.5		$	45.0		$	44.0		$	43.2		$	42.9		$	42.3
Flow only	$	42.5		$	41.9		$	40.8		$	40.0		$	39.6		$	38.8
Total Primary RIF by FICO (%) (6)
FICO 740 & >	47		%	47		%	46		%	46		%	46		%	45		%
FICO 700-739	24		%	24		%	24		%	23		%	23		%	23		%
FICO 660-699	16		%	16		%	16		%	16		%	16		%	16		%
FICO 659 & <	13		%	13		%	14		%	15		%	15		%	16		%
Average Coverage Ratio (RIF/IIF)	26.1		%	26.1		%	26.0		%	26.0		%	26.0		%	26.0		%
Average Loan Size (thousands)	$	175.89		$	174.58		$	172.37		$	171.05		$	170.24		$	169.05
Flow only	$	178.03		$	176.61		$	174.23		$	172.88		$	172.07		$	170.74
Primary IIF - # of loans	992,188			989,020			979,202			970,931			968,748			960,849
Flow only	921,166			916,230			904,055			893,461			889,479			879,654
Primary IIF - Default Roll Forward - # of Loans
Beginning Default Inventory	64,642			66,357			72,236			79,901			83,154			85,416
New Notices	18,459			19,509			17,451			18,896			21,393			22,927
Cures	(16,910		)	(17,036		)	(17,897		)	(21,767		)	(19,196		)	(19,582		)
Paids (including those charged to a deductible or captive)	(3,333		)	(3,958		)	(4,140		)	(4,573		)	(5,074		)	(5,288		)
Rescissions and denials	(225		)	(230		)	(172		)	(221		)	(183		)	(319		)
Items removed from inventory	—			—			(1,121		)	—			(193		)	—
Ending Default Inventory	62,633			64,642			66,357			72,236			79,901			83,154

Exhibit 99

Additional Information
	Q4 2015				Q3 2015				Q2 2015				Q1 2015				Q4 2014				Q3 2014
Primary claim received inventory included in ending default inventory	2,769				2,982				3,440				4,448				4,746				5,194
Composition of Cures
Reported delinquent and cured intraquarter	5,110				5,185				4,620				6,887				5,674				6,205
Number of payments delinquent prior to cure
3 payments or less	7,714				7,146				7,721				9,516				8,420				7,989
4-11 payments	2,836				3,005				3,789				3,688				3,463				3,651
12 payments or more	1,250				1,700				1,767				1,676				1,639				1,737
Total Cures in Quarter	16,910				17,036				17,897				21,767				19,196				19,582
Composition of Paids
Number of payments delinquent at time of claim payment
3 payments or less	18				20				16				12				11				25
4-11 payments	304				374				435				550				528				550
12 payments or more	3,011				3,564				3,689				4,011				4,535				4,713
Total Paids in Quarter	3,333				3,958				4,140				4,573				5,074				5,288
Aging of Primary Default Inventory
Consecutive months in default
3 months or less	13,053		21	%	13,991		22	%	12,545		19	%	11,604		16	%	15,319		19	%	16,209		19	%
4-11 months	15,763		25	%	14,703		23	%	15,487		23	%	18,940		26	%	19,710		25	%	18,890		23	%
12 months or more	33,817		54	%	35,948		55	%	38,325		58	%	41,692		58	%	44,872		56	%	48,055		58	%
Number of payments delinquent
3 payments or less	20,360		33	%	20,637		32	%	19,274		29	%	19,159		27	%	23,253		29	%	23,769		28	%
4-11 payments	15,092		24	%	14,890		23	%	15,710		24	%	18,372		25	%	19,427		24	%	18,985		23	%
12 payments or more	27,181		43	%	29,115		45	%	31,373		47	%	34,705		48	%	37,221		47	%	40,400		49	%
Primary IIF - # of Delinquent Loans	62,633				64,642				66,357				72,236				79,901				83,154
Flow only	47,088				48,436				49,507				53,390				59,111				61,323
Primary IIF Default Rates	6.31	%			6.54	%			6.78	%			7.44	%			8.25	%			8.65	%
Flow only	5.11	%			5.29	%			5.48	%			5.98	%			6.65	%			6.97	%

Exhibit 99

Additional Information
	Q4 2015			Q3 2015					Q2 2015			Q1 2015			Q4 2014			Q3 2014
Reserves
Primary
Direct Loss Reserves (millions)	$	1,807		$	1,877				$	1,993		$	2,112		$	2,246		$	2,362
Average Direct Reserve Per Default	$	28,859		$	29,032				$	30,033		$	29,233		$	28,107		$	28,404
Pool
Direct loss reserves (millions)	$	43		$	49				$	52		$	57		$	65		$	69
Ending default inventory	2,739			2,950					3,129			3,350			3,797			4,525
Pool claim received inventory included in ending default inventory	60			75					97			88			99			86
Reserves related to Freddie Mac settlement (millions)	$	42		$	52				$	63		$	73		$	84		$	94
Other Gross Reserves (millions) (3)	$	1		$	2				$	3		$	3		$	2		$	3
Net Paid Claims (millions) (4)	$	188		$	207				$	222		$	232		$	248		$	263
Total primary (excluding settlements)	$	164		$	190				$	196		$	217		$	225		$	242
Settlements	$	—		$	—				$	10		—			$	6		—
Pool - with aggregate loss limits	$	4		$	3				$	5		$	4		$	3		$	6
Pool - without aggregate loss      limits	$	2		$	3				$	3		$	2		$	3		$	3
Pool - Freddie Mac settlement	$	10		$	11				$	10		$	11		$	10		$	11
Reinsurance	$	(2	)	$	(5	)			$	(8	)	$	(8	)	$	(7	)	$	(7	)
Other (3)	$	10		$	5				$	6		$	6		$	8		$	8
Reinsurance terminations (4)	$	—		$	(15	)			$	—		$	—		$	—		$	—
Primary Average Claim Payment (thousands)	$	49.1		$	48.2				$	48.6		$	47.4		$	45.0		$	45.8
Flow only	$	45.6		$	44.8				$	45.1		$	44.2		$	44.6		$	43.5
Reinsurance excluding captives
% insurance inforce subject to reinsurance	72.9		%	71.9		%			59.5		%	57.1		%	56.0		%	54.3		%
% Quarterly NIW subject to reinsurance	89.5		%	90.6		%			97.9		%	85.2		%	87.4		%	90.1		%
Ceded premium written (millions)	$	30.0		$	(46.8	)	(5	)	$	30.9		$	27.1		$	27.6		$	27.7
Ceded premium earned (millions)	$	30.0		$	11.0		(5	)	$	23.0		$	24.6		$	24.2		$	23.7
Ceded losses incurred (millions)	$	7.2		$	4.2				$	1.2		$	4.9		$	4.8		$	4.7
Ceding commissions (millions) (included in underwriting and other expenses)	$	11.4		$	(2.4	)	(5	)	$	11.7		$	10.1		$	10.0		$	9.9
Profit commission (millions) (included in ceded premiums)	$	27.0		$	34.9		(5	)	$	27.5		$	23.5		$	22.5		$	21.9
Direct Pool RIF (millions)
With aggregate loss limits	$	271		$	279				$	282		$	287		$	303		$	331
Without aggregate loss limits	$	388		$	418				$	456		$	479		$	505		$	536

Exhibit 99

Additional Information
	Q4 2015			Q3 2015					Q2 2015					Q1 2015					Q4 2014					Q3 2014
Bulk Primary Insurance Statistics
Insurance in force (billions)	$	10.5		$	10.9				$	11.3				$	11.6				$	11.9				$	12.2
Risk in force (billions)	$	3.0		$	3.1				$	3.2				$	3.2				$	3.3				$	3.5
Average loan size (thousands)	$	148.15		$	149.00				$	149.93				$	149.90				$	149.75				$	150.77
Number of delinquent loans	15,545			16,206					16,850					18,846					20,790					21,831
Default rate	21.89		%	22.26		%			22.42		%			24.33		%			26.23		%			26.89		%
Primary paid claims (millions)	$	39		$	47				$	46				$	50				$	36				$	46
Average claim payment     (thousands)	$	65.7		$	62.2				$	63.3				$	61.8				$	47.3				$	59.2
Mortgage Guaranty Insurance Corporation - Risk to Capital	12.1:1			12.3:1					13.2:1					13.7:1					14.6:1					15.0:1
Combined Insurance Companies - Risk to Capital	13.6:1			13.6:1					14.8:1					15.4:1					16.4:1					17.0:1
GAAP loss ratio (insurance operations only)	42.0		%	32.0		%	(2	)	42.3		%	(2	)	37.6		%	(2	)	54.8		%	(2	)	55.1		%	(2	)
GAAP underwriting expense ratio (insurance operations only)	13.9		%	14.4		%			15.0		%			16.4		%			13.9		%			14.9		%

Note: The FICO credit score for a loan with multiple borrowers is the lowest of the borrowers’ “decision FICO scores.” A borrower’s “decision FICO score” is determined as follows: if there are three FICO scores available, the middle FICO score is used; if two FICO scores are available, the lower of the two is used; if only one FICO score is available, it is used.

Note: Average claim paid may vary from period to period due to amounts associated with mitigation efforts.

(1) Includes loans with annual and split payments.

(2) As calculated, does not reflect any effects due to premium deficiency.

(3) Includes Australian operations.

(4) Net paid claims, as presented, does not include amounts received in conjunction with terminations or commutations of reinsurance agreements.

(5) In the third quarter of 2015, the April 2013 quota share reinsurance agreement was restructured via a commutation and new agreement. The effects of the new agreement for the third quarter of 2015 were as follows (in millions):

Ceded premium written	$	22.6
Ceded premium earned	$	22.6
Ceding commissions	$	9.2
Profit commissions	$	23.3

(6) Unknown FICO scores are reported in the "659 and <" FICO category.