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Monday, 22-Sep-2014 23:02 Email | Share | Bookmark
Mgic Investment Corporation Reports Second Quarter 2014 Results












The Senior Notes, Convertible Senior Notes and Convertible Junior Debentures are obligations of our holding company, MGIC Investment Corporation, and not of its subsidiaries. Our holding company has no material sources of cash inflows other than investment income. The payment of dividends from our insurance subsidiaries, which other than raising capital in the public markets is the principal source of our holding company cash inflow, is restricted by insurance regulation. MGIC is the principal source of dividend-paying capacity.Since 2008, MGIC has not paid any dividends to our holding company. Through 2014, MGIC cannot pay any dividends to our holding company without approval from the OCI. Any additional capital contributions to our subsidiaries would decrease our holding company cash and investments. We could be adversely affected if personal information on consumers that we maintain is improperly disclosed. As part of our business, we maintain large amounts of personal information on consumers. While we believe we have appropriate information security policies and systems to go here prevent unauthorized disclosure, there can be no assurance that unauthorized disclosure, either through the actions of third parties or employees, will not occur. Unauthorized disclosure could adversely affect our reputation and expose us to material claims for damages. <br>For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/mgic-investment-corporation-reports-second-110000312.html



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