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
     captive)                                                        3,297
    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.com under Investor Information.

SOURCE MGIC Investment Corporation