MGIC Investment Corporation, commonly known as MGIC, is a leading provider of mortgage insurance and related services, headquartered in the United States. Founded in 1957, the company has established itself as a key player in the insurance and pension funding services industry, specifically focusing on private mortgage insurance (PMI) to facilitate homeownership.
With a strong presence across major operational regions in the US, MGIC offers unique products that help lenders manage risk while enabling borrowers to secure financing with lower down payments. The company is recognised for its innovative solutions and commitment to customer service, positioning itself as a trusted partner in the mortgage industry. Notable achievements include a robust market position and a history of financial stability, making MGIC a cornerstone in the realm of mortgage insurance.
-13 vs industry average
MGIC Investment Corporation’s score of 26 is lower than 34% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
MGIC Investment Corporation's reported carbon emissions
MGIC Investment Corporation, headquartered in the US and operating in the insurance and pension funding services sector, reported its environmental data for 2021. In that year, the company's Scope 1 emissions were approximately 662,000 kg CO2e, comprising stationary and mobile combustion. Scope 2 emissions, primarily from purchased steam and electricity, totalled approximately 3,022,000 kg CO2e on a market-based basis and 1,881,000 kg CO2e on a location-based basis. MGIC Investment Corporation did not report Scope 3 emissions for 2021, noting missing data points in purchased goods and services.
While MGIC Investment Corporation's provided data does not include a total consolidated emissions figure, its Scope 1 and Scope 2 market-based emissions for 2021 were approximately 3,684,000 kg CO2e.
The company is noted as having a commitment to the Science Based Targets initiative (SBTi), with a status of "Committed" for near-term targets, as of January 2026. However, specific details regarding the classification, year, or scope of these SBTi targets were not provided in the available information. The data relating to SBTi commitments originates from MTG Co., Ltd., with a noted cascade level of 0, indicating it pertains directly to MGIC Investment Corporation.
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MGIC Investment Corporation’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about MGIC Investment Corporation’s sustainability data and climate commitments
Data year: 2021
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