<SEC-DOCUMENT>0000876437-20-000022.txt : 20200507
<SEC-HEADER>0000876437-20-000022.hdr.sgml : 20200507
<ACCEPTANCE-DATETIME>20200507170419
ACCESSION NUMBER:		0000876437-20-000022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20200507
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200507
DATE AS OF CHANGE:		20200507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MGIC INVESTMENT CORP
		CENTRAL INDEX KEY:			0000876437
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				391486475
		STATE OF INCORPORATION:			WI
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10816
		FILM NUMBER:		20857470

	BUSINESS ADDRESS:	
		STREET 1:		250 EAST KILBOURN AVENUE
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
		BUSINESS PHONE:		4143476480

	MAIL ADDRESS:	
		STREET 1:		250 EAST KILBOURN AVENUE
		CITY:			MILWAUKEE
		STATE:			WI
		ZIP:			53202
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a0331208k-covererq12020.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!--p:05BB2470558757A889828F4811F7373E,x:299f701fdc4f42a6bb9d60dde6e912a8-->
<!-- Document created using Wdesk  -->
<!-- Copyright 2020 Workiva -->
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:schedoi-fednote="http://fasb.org/dis/schedoi-fednote/2019-01-31" xmlns:fs-interest="http://fasb.org/dis/fs-interest/2019-01-31" xmlns:sfp-ibo="http://fasb.org/stm/sfp-ibo/2019-01-31" xmlns:sfp-sbo="http://fasb.org/stm/sfp-sbo/2019-01-31" xmlns:sic-std="http://xbrl.sec.gov/sic-std/2011-01-31" xmlns:stpr-std="http://xbrl.sec.gov/stpr-std-std-std/2018-01-31" xmlns:currency-ent-std="http://xbrl.sec.gov/currency-ent-std/2019-01-31" xmlns:lea="http://fasb.org/dis/lea/2019-01-31" xmlns:ctbl="http://fasb.org/dis/ctbl/2019-01-31" xmlns:guar="http://fasb.org/dis/guar/2019-01-31" xmlns:ru="http://fasb.org/dis/ru/2019-01-31" xmlns:stpr-all="http://xbrl.sec.gov/stpr-all-all-all/2018-01-31" xmlns:leas="http://fasb.org/dis/leas/2019-01-31" xmlns:sfp-clreo="http://fasb.org/stm/sfp-clreo/2019-01-31" xmlns:iaoi="http://fasb.org/dis/iaoi/2019-01-31" xmlns:soi-ins="http://fasb.org/stm/soi-ins/2019-01-31" xmlns:country-ent-std="http://xbrl.sec.gov/country-ent-std/2017-01-31" xmlns:country="http://xbrl.sec.gov/country/2017-01-31" xmlns:fs-insa="http://fasb.org/dis/fs-insa/2019-01-31" xmlns:naics="http://xbrl.sec.gov/naics/2017-01-31" xmlns:cce="http://fasb.org/dis/cce/2019-01-31" xmlns:inv="http://fasb.org/dis/inv/2019-01-31" xmlns:naics-ent-std="http://xbrl.sec.gov/naics-ent-std/2017-01-31" xmlns:srt-std="http://fasb.org/srt-std/2019-01-31" xmlns:stpr-ent-all="http://xbrl.sec.gov/stpr-ent-all-all-all/2018-01-31" xmlns:stpr-ent-std="http://xbrl.sec.gov/stpr-ent-std-std-std/2018-01-31" xmlns:schedoi-iiaa="http://fasb.org/dis/schedoi-iiaa/2019-01-31" xmlns:us-arcroles="http://fasb.org/us-arcroles/2019-01-31" xmlns:dccpoa="http://fasb.org/dis/dccpoa/2019-01-31" xmlns:soi-sbi="http://fasb.org/stm/soi-sbi/2019-01-31" xmlns:us-gaap-all="http://fasb.org/us-gaap-all/2019-01-31" xmlns:scf-sd="http://fasb.org/stm/scf-sd/2019-01-31" xmlns:ceclcalc3l="http://fasb.org/dis/ceclcalc3l/2019-01-31" xmlns:dei-ent-all="http://xbrl.sec.gov/dei-ent-all/2019-01-31" xmlns:deprecated="http://www.xbrl.org/2009/arcrole/deprecated" xmlns:naics-all="http://xbrl.sec.gov/naics-all/2017-01-31" xmlns:re="http://fasb.org/dis/re/2019-01-31" xmlns:srt-types="http://fasb.org/srt-types/2019-01-31" xmlns:mtg="http://www.mgic.com/20200507" xmlns:reorg="http://fasb.org/dis/reorg/2019-01-31" xmlns:invco="http://fasb.org/dis/invco/2019-01-31" xmlns:currency-ent-all="http://xbrl.sec.gov/currency-ent-all/2019-01-31" xmlns:currency-std="http://xbrl.sec.gov/currency-std/2019-01-31" xmlns:currency-ent-dep="http://xbrl.sec.gov/currency-ent-dep/2019-01-31" xmlns:aro="http://fasb.org/dis/aro/2019-01-31" xmlns:exch="http://xbrl.sec.gov/exch/2019-01-31" xmlns:ocpfs="http://fasb.org/dis/ocpfs/2019-01-31" xmlns:currency="http://xbrl.sec.gov/currency/2019-01-31" xmlns:naics-std="http://xbrl.sec.gov/naics-std/2017-01-31" xmlns:srt-all="http://fasb.org/srt-all/2019-01-31" xmlns:codification-part="http://fasb.org/codification-part/2019-01-31" xmlns:srt="http://fasb.org/srt/2019-01-31" xmlns:deprecated1="http://www.xbrl.org/2009/role/deprecated" xmlns:sec-re="http://fasb.org/dis/sec-re/2019-01-31" xmlns:soi-int="http://fasb.org/stm/soi-int/2019-01-31" xmlns:emjv="http://fasb.org/dis/emjv/2019-01-31" xmlns:sec-suppc="http://fasb.org/dis/sec-suppc/2019-01-31" xmlns:equity="http://fasb.org/dis/equity/2019-01-31" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:se="http://fasb.org/dis/se/2019-01-31" xmlns:crcrb="http://fasb.org/dis/crcrb/2019-01-31" xmlns:edco="http://fasb.org/dis/edco/2019-01-31" xmlns:te="http://fasb.org/dis/te/2019-01-31" xmlns:dei-all="http://xbrl.sec.gov/dei-all/2019-01-31" xmlns:fs-bd="http://fasb.org/dis/fs-bd/2019-01-31" xmlns:hco="http://fasb.org/dis/hco/2019-01-31" xmlns:fs-bt="http://fasb.org/dis/fs-bt/2019-01-31" xmlns:us-roles="http://fasb.org/us-roles/2019-01-31" xmlns:dr="http://fasb.org/dis/dr/2019-01-31" xmlns:ero="http://fasb.org/dis/ero/2019-01-31" xmlns:country-ent-all="http://xbrl.sec.gov/country-ent-all/2017-01-31" xmlns:schedoi-oocw="http://fasb.org/dis/schedoi-oocw/2019-01-31" xmlns:cecl="http://fasb.org/dis/cecl/2019-01-31" xmlns:rpd="http://fasb.org/dis/rpd/2019-01-31" xmlns:schedoi-sumhold="http://fasb.org/dis/schedoi-sumhold/2019-01-31" xmlns:ceclcalc2="http://fasb.org/dis/ceclcalc2/2019-01-31" xmlns:othliab="http://fasb.org/dis/othliab/2019-01-31" xmlns:soi-egm="http://fasb.org/stm/soi-egm/2019-01-31" xmlns:schedoi-shorthold="http://fasb.org/dis/schedoi-shorthold/2019-01-31" xmlns:soi="http://fasb.org/stm/soi/2019-01-31" xmlns:diha="http://fasb.org/dis/diha/2019-01-31" xmlns:debt="http://fasb.org/dis/debt/2019-01-31" xmlns:schedoi-hold="http://fasb.org/dis/schedoi-hold/2019-01-31" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:us-gaap-ent-std="http://fasb.org/us-gaap-ent-std/2019-01-31" xmlns:bc="http://fasb.org/dis/bc/2019-01-31" xmlns:sic-ent-all="http://xbrl.sec.gov/sic-ent-all/2011-01-31" xmlns:exch-ent-std="http://xbrl.sec.gov/exch-ent-std/2019-01-31" xmlns:rcc="http://fasb.org/dis/rcc/2019-01-31" xmlns:rd="http://fasb.org/dis/rd/2019-01-31" xmlns:sfp-ucreo="http://fasb.org/stm/sfp-ucreo/2019-01-31" xmlns:eui="http://fasb.org/dis/eui/2019-01-31" xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31" xmlns:ap="http://fasb.org/dis/ap/2019-01-31" xmlns:soi-reit="http://fasb.org/stm/soi-reit/2019-01-31" xmlns:fs-mort="http://fasb.org/dis/fs-mort/2019-01-31" xmlns:sec-reins="http://fasb.org/dis/sec-reins/2019-01-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:sec-cndfir="http://fasb.org/dis/sec-cndfir/2019-01-31" xmlns:sr="http://fasb.org/dis/sr/2019-01-31" xmlns:currency-all="http://xbrl.sec.gov/currency-all/2019-01-31" xmlns:scf-dbo="http://fasb.org/stm/scf-dbo/2019-01-31" xmlns:fs-fhlb="http://fasb.org/dis/fs-fhlb/2019-01-31" xmlns:crcpb="http://fasb.org/dis/crcpb/2019-01-31" xmlns:dei-ent-std="http://xbrl.sec.gov/dei-ent-std/2019-01-31" xmlns:us-types="http://fasb.org/us-types/2019-01-31" xmlns:scf-inv="http://fasb.org/stm/scf-inv/2019-01-31" xmlns:scf-indira="http://fasb.org/stm/scf-indira/2019-01-31" xmlns:bsoff="http://fasb.org/dis/bsoff/2019-01-31" xmlns:exch-ent-all="http://xbrl.sec.gov/exch-ent-all/2019-01-31" xmlns:oi="http://fasb.org/dis/oi/2019-01-31" xmlns:soi-indira="http://fasb.org/stm/soi-indira/2019-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:schedoi-otsh="http://fasb.org/dis/schedoi-otsh/2019-01-31" xmlns:sfp-dbo="http://fasb.org/stm/sfp-dbo/2019-01-31" xmlns:cc="http://fasb.org/dis/cc/2019-01-31" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:crcsbp="http://fasb.org/dis/crcsbp/2019-01-31" xmlns:disops="http://fasb.org/dis/disops/2019-01-31" xmlns:reference="http://www.xbrl.org/2009/role/reference" xmlns:cn-part="http://fasb.org/cn-part/2019-01-31" xmlns:us-gaap="http://fasb.org/us-gaap/2019-01-31" xmlns:srt-roles="http://fasb.org/srt-roles/2019-01-31" xmlns:country-std="http://xbrl.sec.gov/country-std/2017-01-31" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:scf-indir="http://fasb.org/stm/scf-indir/2019-01-31" xmlns:rlnro="http://fasb.org/dis/rlnro/2019-01-31" xmlns:ts="http://fasb.org/dis/ts/2019-01-31" xmlns:us-gaap-std="http://fasb.org/us-gaap-std/2019-01-31" xmlns:naics-ent-all="http://xbrl.sec.gov/naics-ent-all/2017-01-31" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:scf-dir="http://fasb.org/stm/scf-dir/2019-01-31" xmlns:dei-std="http://xbrl.sec.gov/dei-std/2019-01-31" xmlns:ni="http://fasb.org/dis/ni/2019-01-31" xmlns:sec-mort="http://fasb.org/dis/sec-mort/2019-01-31" xmlns:fifvd="http://fasb.org/dis/fifvd/2019-01-31" xmlns:otherexp="http://fasb.org/dis/otherexp/2019-01-31" xmlns:scf-re="http://fasb.org/stm/scf-re/2019-01-31" xmlns:sec-vq="http://fasb.org/dis/sec-vq/2019-01-31" xmlns:sec-sum="http://fasb.org/dis/sec-sum/2019-01-31" xmlns:exch-std="http://xbrl.sec.gov/exch-std/2019-01-31" xmlns:ir="http://fasb.org/dis/ir/2019-01-31" xmlns:sheci="http://fasb.org/stm/sheci/2019-01-31" xmlns:foct="http://fasb.org/dis/foct/2019-01-31" xmlns:soc="http://fasb.org/stm/soc/2019-01-31" xmlns:scf-sbo="http://fasb.org/stm/scf-sbo/2019-01-31" xmlns:inctax="http://fasb.org/dis/inctax/2019-01-31" xmlns:ppe="http://fasb.org/dis/ppe/2019-01-31" xmlns:country-all="http://xbrl.sec.gov/country-all/2017-01-31" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:con="http://fasb.org/dis/con/2019-01-31" xmlns:sic-ent-std="http://xbrl.sec.gov/sic-ent-std/2011-01-31" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:fs-ins="http://fasb.org/dis/fs-ins/2019-01-31" xmlns:eps="http://fasb.org/dis/eps/2019-01-31" xmlns:stpr="http://xbrl.sec.gov/stpr/2018-01-31" xmlns:iago="http://fasb.org/dis/iago/2019-01-31" xmlns:pay="http://fasb.org/dis/pay/2019-01-31" xmlns:sic="http://xbrl.sec.gov/sic/2011-01-31" xmlns:tin-part="http://fasb.org/tin-part/2019-01-31" xmlns:acec="http://fasb.org/dis/acec/2019-01-31" xmlns:us-gaap-entryPoint-all="http://fasb.org/us-gaap-entryPoint-all/2019-01-31" xmlns:nt="http://fasb.org/dis/nt/2019-01-31" xmlns:spc="http://fasb.org/stm/spc/2019-01-31" xmlns:exch-all="http://xbrl.sec.gov/exch-all/2019-01-31" xmlns:ides="http://fasb.org/dis/ides/2019-01-31" xmlns:sec-supins="http://fasb.org/dis/sec-supins/2019-01-31" xmlns:sic-all="http://xbrl.sec.gov/sic-all/2011-01-31" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:regop="http://fasb.org/dis/regop/2019-01-31" xmlns:sfp-cls="http://fasb.org/stm/sfp-cls/2019-01-31" xmlns:com="http://fasb.org/stm/com/2019-01-31" xmlns:soi-re="http://fasb.org/stm/soi-re/2019-01-31" xmlns:crcgen="http://fasb.org/dis/crcgen/2019-01-31" xmlns:exch-ent-dep="http://xbrl.sec.gov/exch-ent-dep/2019-01-31" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:ei="http://fasb.org/dis/ei/2019-01-31" xmlns:xbrldt="http://xbrl.org/2005/xbrldt">
	<head>
		<meta http-equiv="Content-Type" content="text/html" />
		<title>Document</title>
	</head>
	<body><div style="font-family:Times New Roman;font-size:10pt;">
<div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="D2020Q2May07-May07" name="dei:AmendmentFlag" id="Fact-BA23AA3C2C0855DF92EE930993F9B6A8-wk-Fact-BA23AA3C2C0855DF92EE930993F9B6A8" format="ixt:booleanfalse">false</ix:nonNumeric><ix:nonNumeric contextRef="D2020Q2May07-May07" name="dei:EntityCentralIndexKey" id="Fact-0EF03D495C20575688C8A10401F72CD3-wk-Fact-0EF03D495C20575688C8A10401F72CD3">0000876437</ix:nonNumeric></ix:hidden><ix:references><link:schemaRef xlink:href="mtg-20200507.xsd" xlink:type="simple"></link:schemaRef></ix:references><ix:resources><xbrli:context id="D2020Q2May07-May07">
		<xbrli:entity>
			<xbrli:identifier scheme="http://www.sec.gov/CIK">0000876437</xbrli:identifier>
		</xbrli:entity>
		<xbrli:period>
			<xbrli:startDate>2020-05-07</xbrli:startDate>
			<xbrli:endDate>2020-05-07</xbrli:endDate>
		</xbrli:period>
	</xbrli:context></ix:resources></ix:header></div><div><a id="s39C80513B9F05949B0FD56EE21C09D8C"></a></div><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><div><br/></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;-sec-extract:summary;font-size:12pt;"><span style="font-family:Roboto,sans-serif;font-size:12pt;">UNITED STATES</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:12pt;"><span style="font-family:Roboto,sans-serif;font-size:12pt;">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">WASHINGTON, D.C. 20549</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:16pt;"><span style="font-family:Roboto,sans-serif;font-size:16pt;">FORM </span><span><ix:nonNumeric id="d16876441e80-wk-Fact-523B9B8F5E3E5410B260A3F687653E2F" name="dei:DocumentType" contextRef="D2020Q2May07-May07"><span style="font-family:Roboto,sans-serif;font-size:16pt;">8-K</span></ix:nonNumeric></span><span style="font-family:Roboto,sans-serif;font-size:16pt;"> </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:12pt;"><span style="font-family:Roboto,sans-serif;font-size:12pt;">CURRENT REPORT</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Pursuant to Section&#160;13 or 15(d) of the Securities Exchange Act of 1934</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:50%;"></td><td style="width:6%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Date of Report (Date of Earliest Event Reported):</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><span style="white-space:nowrap"><ix:nonNumeric id="d16876441e130-wk-Fact-B2BABA2280195562A5325F53ABDC728F" name="dei:DocumentPeriodEndDate" contextRef="D2020Q2May07-May07" format="ixt:datemonthdayyearen">May 7, 2020</ix:nonNumeric></span></span></span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:20pt;"><span><ix:nonNumeric id="d16876441e133-wk-Fact-0F5F6264C6D95EAB8631FC64EE137199" name="dei:EntityRegistrantName" contextRef="D2020Q2May07-May07"><span style="font-family:Roboto,sans-serif;font-size:20pt;">MGIC Investment Corporation</span></ix:nonNumeric></span><span style="font-family:Roboto,sans-serif;font-size:20pt;"> </span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">__________________________________________</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">(Exact name of registrant as specified in its charter)</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:38%;"></td><td style="width:14%;"></td><td style="width:14%;"></td><td style="width:34%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e159-wk-Fact-1256C692A57A5764AFCC1878953CA7BE" name="dei:EntityIncorporationStateCountryCode" contextRef="D2020Q2May07-May07" format="ixt-sec:stateprovnameen">Wisconsin</ix:nonNumeric></span></span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e164-wk-Fact-C19D2D6B1D24578AB377BEDED077B7DE" name="dei:EntityFileNumber" contextRef="D2020Q2May07-May07">1-10816</ix:nonNumeric></span></span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e174-wk-Fact-4419AD694B9D5106A71516C72D0DB92B" name="dei:EntityTaxIdentificationNumber" contextRef="D2020Q2May07-May07">39-1486475</ix:nonNumeric></span></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">__________________________________</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">(State or other jurisdiction of incorporation)</span></div></td><td colspan="2" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">_____________________</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">(Commission File Number)</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">____________________________</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">(I.R.S. Employer Identification No.)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e231-wk-Fact-7B2D3B136C4D5690A60EA7559317FFA5" name="dei:EntityAddressAddressLine1" contextRef="D2020Q2May07-May07">250 E. Kilbourn Avenue</ix:nonNumeric></span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e236-wk-Fact-999BB5FE7B5450C994762AD461CC666F" name="dei:EntityAddressCityOrTown" contextRef="D2020Q2May07-May07">Milwaukee,</ix:nonNumeric></span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e241-wk-Fact-BACCBB1C78165131A908756D83C9DC4A" name="dei:EntityAddressStateOrProvince" contextRef="D2020Q2May07-May07" format="ixt-sec:stateprovnameen">Wisconsin</ix:nonNumeric></span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e246-wk-Fact-08880DBD3ADF59E1897FDB220490FEBE" name="dei:EntityAddressPostalZipCode" contextRef="D2020Q2May07-May07">53202</ix:nonNumeric></span></span></div></td></tr><tr><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">________________________________</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">(Address of principal executive offices)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">___________</span></div><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">(Zip Code)</span></div></td></tr></table></div></div><div style="line-height:120%;font-size:9pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:50%;"></td><td style="width:6%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Registrant&#8217;s telephone number, including area code:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e294-wk-Fact-36A1BBEE5B595859893DD1EDF883232E" name="dei:CityAreaCode" contextRef="D2020Q2May07-May07">&#160;(414)</ix:nonNumeric></span></span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><span><ix:nonNumeric id="d16876441e299-wk-Fact-77EFD3858435587EAF248D34CD1D5EBF" name="dei:LocalPhoneNumber" contextRef="D2020Q2May07-May07">347-6480</ix:nonNumeric></span></span></div></td></tr></table></div></div><div style="line-height:120%;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:23%;"></td><td style="width:55%;"></td><td style="width:22%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Not Applicable</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Former name or former address, if changed since last report</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><br/></span></div><div style="line-height:120%;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:32%;"></td><td style="width:1%;"></td><td style="width:33%;"></td><td style="width:1%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;text-decoration:underline;">Title of each class</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;text-decoration:underline;">Trading Symbol</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;text-decoration:underline;">Name of each exchange on which registered</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;"><span><ix:nonNumeric id="d16876441e391-wk-Fact-EF6D92BBA0AF504D9156ED36951773B4" name="dei:Security12bTitle" contextRef="D2020Q2May07-May07">Common stock</ix:nonNumeric></span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;"><span><ix:nonNumeric id="d16876441e401-wk-Fact-5D2CFAF9E62F55E6A3FBF4399203E6F7" name="dei:TradingSymbol" contextRef="D2020Q2May07-May07">MTG</ix:nonNumeric></span></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;"><span><ix:nonNumeric id="d16876441e411-wk-Fact-B6568FCA4E055819A46711D0E5B74018" name="dei:SecurityExchangeName" contextRef="D2020Q2May07-May07" format="ixt-sec:exchnameen">New York Stock Exchange</ix:nonNumeric></span></span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:12pt;"><span><ix:nonNumeric id="d16876441e417-wk-Fact-19D06D95651457BFA998DF1749D5604C" name="dei:WrittenCommunications" contextRef="D2020Q2May07-May07" format="ixt-sec:boolballotbox"><span style="font-family:Arial Unicode MS;font-size:12pt;">&#9744;</span></ix:nonNumeric></span><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;&#160;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:12pt;"><span><ix:nonNumeric id="d16876441e423-wk-Fact-D10F8DF15ED6537199240B3D5964D830" name="dei:SolicitingMaterial" contextRef="D2020Q2May07-May07" format="ixt-sec:boolballotbox"><span style="font-family:Arial Unicode MS;font-size:12pt;">&#9744;</span></ix:nonNumeric></span><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:12pt;"><span><ix:nonNumeric id="d16876441e429-wk-Fact-DFEB8C25603A5E4D827F046CAFF40770" name="dei:PreCommencementTenderOffer" contextRef="D2020Q2May07-May07" format="ixt-sec:boolballotbox"><span style="font-family:Arial Unicode MS;font-size:12pt;">&#9744;</span></ix:nonNumeric></span><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:12pt;"><span><ix:nonNumeric id="d16876441e435-wk-Fact-3760DCC752985449A06FE9C336160289" name="dei:PreCommencementIssuerTenderOffer" contextRef="D2020Q2May07-May07" format="ixt-sec:boolballotbox"><span style="font-family:Arial Unicode MS;font-size:12pt;">&#9744;</span></ix:nonNumeric></span><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:11pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:32.2265625%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:90%;"></td><td style="width:10%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;">Emerging growth company</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:11pt;"><span style="font-family:Arial Unicode MS;font-size:11pt;"><span><ix:nonNumeric id="d16876441e460-wk-Fact-110F919186E150FBA1399FEA0E79FD40" name="dei:EntityEmergingGrowthCompany" contextRef="D2020Q2May07-May07" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></span></span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [&#160;&#160;]</span></div><div><br/></div><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><hr style="page-break-after:always"></hr><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><div><br/></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;">Item 2.02 Results of Operations and Financial Condition.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">The Company issued a press release on </span><span style="font-family:Roboto,sans-serif;font-size:10pt;"><span><span style="white-space:nowrap"><ix:nonNumeric id="d16876441e474-wk-Fact-B2BABA2280195562A5325F53ABDC728F" name="dei:DocumentPeriodEndDate" contextRef="D2020Q2May07-May07" format="ixt:datemonthdayyearen">May 7, 2020</ix:nonNumeric></span></span></span><span style="font-family:Roboto,sans-serif;font-size:10pt;"> announcing its results of operations for the quarter ended and year ended December 31, 2019 and certain other information. The press release is furnished as Exhibit 99.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;">Item 9.01 Financial Statements and Exhibits.</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">(d) Exhibits</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">Pursuant to General Instruction B.2 to Form 8-K, the Company's </span><span style="font-family:Roboto,sans-serif;font-size:10pt;"><span><span style="white-space:nowrap"><ix:nonNumeric id="d16876441e489-wk-Fact-B2BABA2280195562A5325F53ABDC728F" name="dei:DocumentPeriodEndDate" contextRef="D2020Q2May07-May07" format="ixt:datemonthdayyearen">May 7, 2020</ix:nonNumeric></span></span></span><span style="font-family:Roboto,sans-serif;font-size:10pt;"> press release is furnished as Exhibit 99 and is not filed.</span></div><div style="line-height:120%;font-size:12pt;"><span style="font-family:inherit;font-size:12pt;"><br/></span></div><div><br/></div><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><hr style="page-break-after:always"></hr><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><div><br/></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><span style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">Exhibit&#160;Index</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:11%;"></td><td style="width:14%;"></td><td style="width:75%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;">Exhibit No.</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;">Description</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><a style="text-decoration:none;color:#0000FF;-sec-extract:exhibit;" href="a033120exhibit99.htm"><span style="font-family:Roboto,sans-serif;font-size:10pt;text-decoration:none;">99</span></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">Press Release dated May 7, 2020. (Pursuant to General Instruction B.2 to Form 8-K, this press release is furnished and is not filed.)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">104</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Roboto,sans-serif;font-size:10pt;">Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). </span></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><br/></span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><br/></span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;"><br/></span></div><div><br/></div><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><hr style="page-break-after:always"></hr><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div><div><br/></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">SIGNATURES</span></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span></div><div style="line-height:120%;font-size:9pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:10%;"></td><td style="width:26%;"></td><td style="width:64%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">MGIC INVESTMENT CORPORATION</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Date:</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">May&#160;7, 2020</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">By: \s\ Julie K. Sperber</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Julie K. Sperber</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">&#160;</span></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:Roboto,sans-serif;font-size:9pt;">Vice President, Controller and Chief Accounting Officer</span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div><br/></div><div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></div>	</div></body>
</html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a033120exhibit99.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2020 Workiva -->
		<title>Exhibit</title>
	</head>
	<body><div style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sBAA28A9450A45A30A1117AE087632281"></a></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;">Exhibit 99</font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="s8D4CF1C1074353BA8A08EC31298E15B3"></a></div><div style="line-height:120%;text-align:left;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div><img src="mgiclogoa07.jpg" alt="mgiclogoa07.jpg" style="height:45px;width:113px;"></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;color:#003b5c;font-weight:bold;">MGIC Investment Corporation Reports First Quarter 2020 Results</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;color:#003b5c;font-weight:bold;">First Quarter 2020 Net Income of $149.8 million or $0.42 per Diluted Share</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;color:#003b5c;font-weight:bold;">First Quarter 2020 Adjusted Net Operating Income (Non-GAAP) of $147.5 million or $0.42 per Diluted Share</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">MILWAUKEE </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-style:italic;font-weight:bold;">(May 7, 2020) -</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. Net income for the quarter was </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$149.8 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, or </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$0.42</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;per diluted share, compared with net income of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$151.9 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, or </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$0.42</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;per diluted share, for the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Adjusted net operating income for the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$147.5 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, or </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$0.42</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;per diluted share, compared with </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$152.4 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, or </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$0.42</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;per diluted share, for the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between periods of our financial results. See &#8220;</font><a style="font-family:Roboto,sans-serif;font-size:9.5pt;" href="#sCB514FAF0D945FBD8329A4CC7599E40A"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Use of Non-GAAP financial measures</font></a><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">" below.</font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;&#160;&#160;&#160;&#160;Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "The financial results of the first quarter continued the strong results we delivered over the past several years and reflected the generally favorable economic and housing environment we had been operating in until late March.  In the quarter, despite lower persistency, our insurance in force increased, our credit losses remained low, and we ended the quarter in a strong capital position."    </font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Mattke stated "Our focus is on supporting our co-workers and customers and executing strategies to navigate through the current environment including providing critical support for the housing market.  There has been a significant response by the federal government, including efforts by the GSEs, to help homeowners during these unprecedented times.  Similar efforts in response to past natural disasters have proved to be effective in assisting borrowers to stay in their homes and avoid foreclosure.  Whether these efforts will be effective in the current environment will, in large part, depend on the length and severity of the nation's reduced economic activity.  The COVID-19 pandemic has created a number of uncertainties about the short and long term economic impact that the current environment, and the nation&#8217;s response to the COVID-19 pandemic will have on our business." </font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div style="font-family:Times New Roman;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;color:#828282;">Investor Relations: Michael J. Zimmerman | (414) 347-6596 | mike_zimmerman@mgic.com</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:20%;"></td><td style="width:20%;"></td><td style="width:20%;"></td><td style="width:20%;"></td><td style="width:20%;"></td></tr><tr><td colspan="5" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">First Quarter Summary</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:4px;text-align:left;padding-left:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Activated our business continuity program by transitioning to a remote worker virtual workforce model. This transition was made to responsibly provide for the safety of employees related to the COVID-19 pandemic and to continue to serve customers across our businesses.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">New insurance written of </font><font style="font-family:Roboto;font-size:9.5pt;">$17.9 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">$10.1 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;in the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Insurance in force of </font><font style="font-family:Roboto;font-size:9.5pt;">$225.5 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;increased by 1% during the quarter and 7% compared to </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Primary delinquency inventory of </font><font style="font-family:Roboto;font-size:9.5pt;">27,384</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;loans at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;decreased from </font><font style="font-family:Roboto;font-size:9.5pt;">30,028</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;loans at </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. Our primary delinquency inventory declined  11% year-over-year. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8211;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Insurance written in 2008 and before accounted for approximately 11% of the </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;primary risk in force but accounted for 57% of the new primary delinquency notices received in the quarter.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8211;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The percentage of primary loans that were delinquent at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Roboto;font-size:9.5pt;">2.53</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">%, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">2.78%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;at </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, and </font><font style="font-family:Roboto;font-size:9.5pt;">2.92%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. The percentage of flow primary loans that were delinquent at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Roboto;font-size:9.5pt;">2.04%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">2.23</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">% at </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, and </font><font style="font-family:Roboto;font-size:9.5pt;">2.32</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">% at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Persistency, or the percentage of insurance remaining in force from one year prior, was </font><font style="font-family:Roboto;font-size:9.5pt;">73.0</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">% at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared with </font><font style="font-family:Roboto;font-size:9.5pt;">75.8%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">% at </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Roboto;font-size:9.5pt;">81.7%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;at </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The loss ratio for the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;was  </font><font style="font-family:Roboto;font-size:9.5pt;">23.4%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">8.9%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Roboto;font-size:9.5pt;">fourth</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of 2019 and </font><font style="font-family:Roboto;font-size:9.5pt;">15.6%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The underwriting expense ratio associated with our insurance operations for the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;was </font><font style="font-family:Roboto;font-size:9.5pt;">17.3%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">19.6%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Roboto;font-size:9.5pt;">fourth</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of 2019 and </font><font style="font-family:Roboto;font-size:9.5pt;">18.9%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Net premium yield was </font><font style="font-family:Roboto;font-size:9.5pt;">46.6</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;basis points in the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">48.4</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;basis points for the </font><font style="font-family:Roboto;font-size:9.5pt;">fourth</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of 2019 and </font><font style="font-family:Roboto;font-size:9.5pt;">47.4</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;basis points for the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC paid dividends of $390 million to our holding company during the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC Investment Corporation paid a $0.06 dividend per common share to shareholders during the </font><font style="font-family:Roboto;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">9.6 million shares of common stock were repurchased at an average cost per share of $12.47.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Temporarily suspended stock repurchases.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Book value per common share outstanding increased by 1% during the quarter to </font><font style="font-family:Roboto;font-size:9.5pt;">$12.53</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">_______________</font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Second Quarter 2020 Activities </font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$227.2 billion of Insurance in Force (IIF) at  April 30, 2020, compared to $225.5 billion of IIF at March 31, 2020 and $224.6 billion of IIF at February 29, 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">7,109 notices of delinquency received in April 2020, compared to 3,622 notices of delinquency received in March 2020  and 3,993 notices of delinquency received in February 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">3,943 number of cures reported in April 2020, compared to 4,973 cures reported in March 2020 and 4,835 cures reported in February 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">30,243 loans in delinquent inventory at April 30, 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$545 million of investments, cash and cash equivalents at the holding company  at April 30, 2020,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC Investment Corporation declared a $0.06 dividend per common share to shareholders.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC is not planning to request a dividend to be paid to our holding company in the second quarter.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Revenues</font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Total revenues for the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;were </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$306.9 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$291.7 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;in the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter last year. Net premiums written for the quarter were </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$246.0 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$244.3 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the same period last year. Net premiums earned for the quarter were </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$260.9 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$249.8 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the same period last year. The increase was due to higher average insurance in force and an increase in accelerated premiums from single premium policy cancellations, partially offset by the effect of lower premium rates. Investment income for the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter increased to </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$41.3 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, from </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$40.6 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;for the same period last year, resulting from an increase in the consolidated investment portfolio.</font></div><div style="line-height:120%;text-align:left;text-indent:18px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;text-indent:18px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Losses and expenses</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;text-decoration:underline;">Losses incurred</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Net losses  incurred were </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$61.0 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$39.1 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;in the same period last year.&#160;In the first quarter of 2020, we received approximately 9% fewer new delinquency notices than we did in the same period last year. Over the past several quarters we had recorded favorable reserve development including $31 million in favorable development in the first quarter of 2019.  In the first quarter of 2020, our re-estimation of reserves on previous delinquencies resulted in $3 million adverse loss reserve development.  In the first quarter of 2020, we also increased our incurred but not reported, or IBNR, reserve from $22 million to $30 million.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;text-decoration:underline;">Underwriting and other expenses</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Net underwriting and other expenses were </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$44.8 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;in the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarter of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$48.4 million</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;in the same period last year.</font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;text-decoration:underline;">Provision for income taxes</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The effective income tax rate was </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">20.4%</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;in each of the </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">first</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;quarters of </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;and </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Capital</font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:9.5pt;text-indent:-24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Total shareholders' equity was </font><font style="font-family:Roboto;font-size:9.5pt;">$4.2 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;and outstanding principal on borrowings was $837 million as of March 31, 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:9.5pt;text-indent:-24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC's PMIERs Available Assets totaled </font><font style="font-family:Roboto;font-size:9.5pt;">$4.3 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, or </font><font style="font-family:Roboto;font-size:9.5pt;">$1.0 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;above its Minimum Required Assets as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:36px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Other Balance Sheet and Liquidity Metrics</font></div><div style="line-height:120%;text-align:center;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:6px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:9.5pt;text-indent:-24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;&#32;&#32;&#32;&#32;&#32;Total assets were </font><font style="font-family:Roboto;font-size:9.5pt;">$6.2 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">$6.2 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;as of </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, and </font><font style="font-family:Roboto;font-size:9.5pt;">$5.9 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:9.5pt;text-indent:-24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The fair value of our investment portfolio, cash and cash equivalents was </font><font style="font-family:Roboto;font-size:9.5pt;">$5.9 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to </font><font style="font-family:Roboto;font-size:9.5pt;">$5.9 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;as of </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, and </font><font style="font-family:Roboto;font-size:9.5pt;">$5.6 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:8px;padding-bottom:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:24px;"><div style="line-height:120%;text-align:left;font-size:9.5pt;text-indent:-24px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Investments, cash and cash equivalents at the holding company were $563 million as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, compared to $325 million as of </font><font style="font-family:Roboto;font-size:9.5pt;">December&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, and $299 million as of </font><font style="font-family:Roboto;font-size:9.5pt;">March&#160;31, 2019</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sD7D99C432EAB5ECD832C88F63CB3D1F0"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:justify;font-size:12pt;"><font style="font-family:Roboto,sans-serif;font-size:12pt;font-weight:bold;">Conference Call and Webcast Details</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;"></font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC Investment Corporation will hold a conference call today, </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">May&#160;8, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, at 8 a.m. ET to allow securities analysts and shareholders the opportunity to hear management discuss the company&#8217;s quarterly results. The conference call number is 1-855-493-1443. The call is being webcast and can be accessed at the company's website at </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">http://mtg.mgic.com/.</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;color:#0000ff;">&#32;</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">A replay of the webcast will be available on the company&#8217;s website through  </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">June&#160;8, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;under &#8220;Newsroom.&#8221;</font></div><div><a name="s23A982C92EC15FE6B587654181F0D31F"></a></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:12pt;"><font style="font-family:Roboto,sans-serif;font-size:12pt;font-weight:bold;">About MGIC</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;"></font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">MGIC (</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">www.mgic.com</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">), the principal subsidiary of MGIC Investment Corporation, 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. At </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">March&#160;31, 2020</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">, MGIC had </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">$225.5 billion</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;of primary insurance in force covering over one million mortgages.</font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">This press release, which includes certain additional statistical and other information, including non-GAAP financial information and a supplement that contains various portfolio statistics, are all available on the Company's website at </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">https://mtg.mgic.com/</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;under &#8220;Newsroom.&#8221;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC&#8217;s website for information related to underwriting and pricing, and intends to continue to do so in the future. Such postings include corrections of previous disclosures, and may be made without any other disclosure. 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 for MGIC Investment Corporation alerts can be found at </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">https://mtg.mgic.com/shareholder-services/email-alerts</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">. For information about our underwriting and rate changes, see </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;color:#0000ff;text-decoration:underline;">https://www.mgic.com/underwriting</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">.</font></div><div><a name="s2A8634E86181584EB10AA729B38B5192"></a></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:12pt;"><font style="font-family:Roboto,sans-serif;font-size:12pt;font-weight:bold;text-decoration:underline;">Safe Harbor Statement</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;">Forward Looking Statements and Risk Factors: </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;"></font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Our actual results could be affected by the risk factors below. These risk factors should be reviewed in connection with this press release and our periodic reports to the Securities and Exchange Commission (&#8220;SEC&#8221;). These risk factors may also cause actual results to differ materially from the results contemplated by forward looking statements that we may make. Forward looking statements consist of statements which relate to matters other than historical fact, including matters that inherently refer to future events. Among others, statements that include words such as &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;will&#8221; or &#8220;expect,&#8221; or words of similar import, are forward looking statements. These risk factors, including the discussion of the impact of the COVID-19 pandemic, speak only as of the date of this press release and are subject to change without notice as the Company cannot predict all risks relating to this evolving set of events. We are not undertaking any obligation to update any forward looking statements or other statements we may make even though these statements may be affected by events or circumstances occurring after the forward looking statements or other statements were made. No investor should rely on the fact that such statements are current at any time other than the time at which this press release was delivered for dissemination to the public.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">In addition, the current period financial results included in this press release may be affected by additional information that is included in our Form 10-Q for the quarter ended March 31, 2020.</font></div><div style="line-height:120%;text-align:left;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">While we communicate with security analysts from time to time, it is against our policy to disclose to them any material non-public information or other confidential information. Accordingly, investors should not assume that we agree with any statement or report issued by any analyst irrespective of the content of the statement or report, and such reports are not our responsibility.</font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sCB514FAF0D945FBD8329A4CC7599E40A"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:12pt;"><font style="font-family:Roboto,sans-serif;font-size:12pt;font-weight:bold;">Use of Non-GAAP financial measures</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;"></font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">We believe that use of the Non-GAAP measures of adjusted pre-tax operating income (loss), adjusted net operating income (loss) and adjusted net operating income (loss) per diluted share facilitate the evaluation of the company's core financial performance thereby providing relevant information to investors. These measures are not recognized in accordance with accounting principles generally accepted in the United States of America (GAAP) and should not be viewed as alternatives to GAAP measures of performance.</font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted pre-tax operating income (loss) </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">is defined as GAAP income (loss) before tax, excluding the effects of net realized investment gains (losses), gain (loss) on debt extinguishment, net impairment losses recognized in income (loss) and infrequent or unusual non-operating items where applicable.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted net operating income (loss)</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;is defined as GAAP net income (loss) excluding the after-tax effects of net realized investment gains (losses), gain (loss) on debt extinguishment, net impairment losses recognized in income (loss), and infrequent or unusual non-operating items where applicable. The amounts of adjustments to components of pre-tax operating income (loss) are tax effected using a federal statutory tax rate of 21%.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-weight:bold;">Adjusted net operating income (loss) per diluted share</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;is calculated in a manner consistent with the accounting standard regarding earnings per share by dividing (i) adjusted net operating income (loss) after making adjustments for interest expense on convertible debt, whenever the impact is dilutive, by (ii) diluted weighted average common shares outstanding, which reflects share dilution from unvested restricted stock units and from convertible debt when dilutive under the "if-converted" method. </font></div><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">Although adjusted pre-tax operating income (loss) and adjusted net operating income (loss) exclude certain items that have occurred in the past and are expected to occur in the future, the excluded items represent items that are: (1) not viewed as part of the operating performance of our primary activities; or (2) impacted by both discretionary and other economic or regulatory factors and are not necessarily indicative of operating trends, or both. These adjustments, along with the reasons for their treatment, are described below. Trends in the profitability of our fundamental operating activities can be more clearly identified without the fluctuations of these adjustments. Other companies may calculate these measures differently. Therefore, their measures may not be comparable to those used by us. </font></div><div style="line-height:120%;text-align:justify;padding-left:24px;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:12px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">(1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-style:italic;">Net realized investment gains (losses). </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The recognition of net realized investment gains or losses can vary significantly across periods as the timing of individual securities sales is highly discretionary and is influenced by such factors as market opportunities, our tax and capital profile, and overall market cycles.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:12px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">(2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-style:italic;">Gains and losses on debt extinguishment.</font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">&#32;Gains and losses on debt extinguishment result from discretionary activities that are undertaken to enhance our capital position, improve our debt profile, and/or reduce potential dilution from our outstanding convertible debt. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9.5pt;padding-left:12px;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">(3)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9.5pt;"><font style="font-family:Roboto,sans-serif;font-size:9.5pt;font-style:italic;">Net impairment losses recognized in earnings. </font><font style="font-family:Roboto,sans-serif;font-size:9.5pt;">The recognition of net impairment losses on investments can vary significantly in both size and timing, depending on market credit cycles, individual issuer performance, and general economic conditions. </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s6A92E2FBEFD85E72819BBBF17D6AF8F5"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="sBDF9EBA546A15A148ED3B12EE45732AF"></a></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:77%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td></tr><tr><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Three months ended March 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-style:italic;">(In thousands, except per share data)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net premiums written</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">246,007</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">244,281</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net premiums earned</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">260,901</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">249,761</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net investment income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">41,347</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">40,585</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net realized investment gains (losses)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">1,891</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(526</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Other revenue</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2,754</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,830</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">306,893</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">291,650</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Losses and expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Losses incurred, net</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">60,956</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">39,063</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Underwriting and other expenses, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">44,772</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">48,418</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">12,926</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">13,233</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total losses and expenses</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">118,654</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">100,714</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Income before tax</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">188,239</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">190,936</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Provision for income taxes</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">38,434</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">38,995</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">149,805</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">151,941</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net income per diluted share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">0.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">0.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s4202773FE1275255AD2578204995E0D0"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"></td></tr><tr><td style="width:73%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="9" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">EARNINGS PER SHARE (UNAUDITED)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Three months ended March 31,</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-style:italic;">(In thousands, except per share data)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net income</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">149,805</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">151,941</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Interest expense, net of tax:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9% Convertible Junior Subordinated Debentures due 2063</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4,566</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4,566</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Diluted net income available to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">154,371</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">156,507</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Weighted average shares - basic</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">344,053</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">355,653</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;text-decoration:underline;">Effect of dilutive securities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Unvested restricted stock units</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2,033</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,986</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9% Convertible Junior Subordinated Debentures due 2063</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">19,130</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">19,028</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Weighted average shares - diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">365,216</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">376,667</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net income per diluted share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">0.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">0.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sC4AA93C7125352FAB894E8C99A8D799B"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">NON-GAAP RECONCILIATIONS</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="26"></td></tr><tr><td style="width:31%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:8%;"></td><td style="width:1%;"></td><td style="width:4%;"></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Reconciliation of Income before tax / Net income to Adjusted pre-tax operating income / Adjusted net operating income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Three months ended March 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-style:italic;">(In thousands, except per share amounts)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Pre-tax</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Tax Effect</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net<br>(after-tax)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Pre-tax</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Tax Effect</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net<br>(after-tax)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Income before tax / Net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">188,239</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">38,434</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">149,805</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">190,936</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">38,995</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">151,941</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #d0d0ce;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Adjustments:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net realized investment (gains) losses</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(2,875</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(604</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(2,271</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">620</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">130</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">490</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Adjusted pre-tax operating income / Adjusted net operating income</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">185,364</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">37,830</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">147,534</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">191,556</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">39,125</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">152,431</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="25" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Reconciliation of Net income per diluted share to Adjusted net operating income per diluted share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Weighted average shares - diluted</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">365,216</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">376,667</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net income per diluted share</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">0.42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">0.42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net realized investment (gains) losses</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Adjusted net operating income per diluted share</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">0.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">0.42</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sAD2FFE43CC105FA89F72E95E3182ECA4"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="13"></td></tr><tr><td style="width:59%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:10%;"></td><td style="width:1%;"></td></tr><tr><td colspan="13" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div><div style="font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div></td></tr><tr><td colspan="13" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)</font></div><div style="font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">March 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">March 31,</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-style:italic;">(In thousands, except per share data)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;text-decoration:underline;">ASSETS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Investments </font><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">5,490,838</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,758,320</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,294,517</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">365,303</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">161,847</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">259,351</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Restricted cash and cash equivalents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4,223</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,209</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3,161</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Reinsurance recoverable on loss reserves </font><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(2)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">25,756</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">21,641</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">31,875</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Home office and equipment, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">49,010</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">50,121</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">50,388</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Deferred insurance policy acquisition costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">19,514</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">18,531</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17,630</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Deferred income taxes, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">8,867</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,742</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">39,440</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Other assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">191,776</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">206,160</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">173,735</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">6,155,287</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6,229,571</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,870,097</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;text-decoration:underline;">LIABILITIES AND SHAREHOLDERS' EQUITY</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Liabilities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Loss reserves </font><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(2)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">574,753</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">555,334</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">655,264</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Unearned premiums</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">365,408</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">380,302</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">404,504</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Federal home loan bank advance</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">155,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">155,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">155,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Senior notes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">421,155</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">420,867</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">420,002</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Convertible junior debentures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">256,872</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">256,872</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">256,872</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Other liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">140,271</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">151,962</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">162,272</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">1,913,459</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,920,337</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2,053,914</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Shareholders' equity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4,241,828</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4,309,234</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3,816,183</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total liabilities and shareholders' equity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">6,155,287</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6,229,571</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,870,097</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Book value per share </font><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(3)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">12.53</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12.41</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">10.72</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(1)</sup></font><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;Investments include net unrealized gains (losses) on securities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">82,797</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">175,482</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">57,824</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(2)</sup></font><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;Loss reserves, net of reinsurance recoverable on loss reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">548,997</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">533,693</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">623,389</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:pt">(3)</sup></font><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;Shares outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">338,567</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">347,308</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #d0d0ce;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">355,986</font></div></td><td style="vertical-align:bottom;border-top:1px solid #d0d0ce;border-bottom:1px solid #d0d0ce;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s0B5265FCDA5355FB8FCD2829A3DFF9A3"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:49%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">ADDITIONAL INFORMATION - NEW INSURANCE WRITTEN</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Q1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">New primary insurance written (NIW) (billions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">17.9</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">19.3</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">19.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14.9</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">10.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Monthly (including split premium plans) and annual premium plans</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">15.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Single premium plans</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Product mix as a % of primary NIW</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO &lt; 680</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&gt;95% LTVs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">18</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&gt;45% DTI </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">18</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Singles</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">15</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Refinances</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">35</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">20</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">New primary risk written (billions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:18px;text-indent:-18px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:51%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">ADDITIONAL INFORMATION - INSURANCE IN FORCE and RISK IN FORCE</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Q1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary Insurance In Force (IIF) (billions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">225.5</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">222.3</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">218.1</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">213.9</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">211.4</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total # of loans</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;font-weight:bold;">1,083,717</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,079,578</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,075,285</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,065,893</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,059,720</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Flow # of loans</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;font-weight:bold;">1,045,843</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,040,667</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,032,936</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,022,157</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:7.5pt;"><font style="font-family:Roboto,sans-serif;font-size:7.5pt;">1,013,291</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Premium Yield</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Inforce portfolio yield (1)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">49.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">50.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">51.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">52.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">52.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Premium refunds</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(0.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(0.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(0.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(0.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(0.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Accelerated earnings on single premium</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">3.3</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1.1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total direct premium yield</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">51.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">53.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">54.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">54.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">53.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ceded premiums earned, net of profit commission and assumed premiums (2)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(5.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(4.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(5.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(7.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(5.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net premium yield</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">46.6</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">48.4</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">49.6</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">46.5</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">47.4</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:28px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Average Loan Size of IIF (thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">208.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">205.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">202.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">200.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">199.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Flow only</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">210.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">208.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">205.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">203.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">202.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Annual Persistency</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">73.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">75.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">78.6</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">80.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">81.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary Risk In Force (RIF) (billions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">57.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">57.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">56.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">55.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">54.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">By FICO (%) </font><font style="font-family:Roboto,sans-serif;font-size:6pt;">(3)</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 760 &amp; &gt;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">39</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">39</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">39</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 740-759</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">17</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 720-739</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">14</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 700-719</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 680-699</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 660-679</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 640-659</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">FICO 639 &amp; &lt;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Average Coverage Ratio (RIF/IIF) </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">25.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">25.7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">25.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">25.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">25.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Direct Pool RIF (millions)</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">With aggregate loss limits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">212</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">213</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">214</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">215</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">216</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Without aggregate loss limits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">156</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">163</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">173</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">178</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">186</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:18px;text-indent:-18px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:18px;text-indent:-18px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1)  Total direct premiums earned, excluding accelerated premiums from premium refunds and single premium policy cancellations divided by average primary insurance in force. </font></div><div style="line-height:120%;text-align:left;padding-left:18px;text-indent:-18px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(2)  Ceded premiums earned, net of profit commissions and assumed premiums. Assumed premiums include our participation in GSE Credit Risk Transfer programs, of which the impact on the net premium yield was 0.5 bps in the first quarter of  2020 and 0.2 bps in 2019. </font></div><div style="line-height:120%;text-align:left;padding-left:18px;text-indent:-18px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(3)  The FICO credit score at the time of origination for a loan with multiple borrowers is the lowest of the borrowers&#8217; &#8220;decision FICO scores.&#8221;  A borrower&#8217;s &#8220;decision FICO score&#8221; 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.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="22"></td></tr><tr><td style="width:38%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:1%;"></td></tr><tr><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">ADDITIONAL INFORMATION - DELINQUENCY STATISTICS</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="14" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Q1</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q4</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q3</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q2</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q1</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary IIF - Delinquent Roll Forward - # of Loans</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Beginning Delinquent Inventory</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">30,028</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">29,940</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">29,795</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30,921</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">32,898</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">New Notices</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">12,398</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">13,694</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14,019</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12,915</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">13,611</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Cures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(14,113</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(12,213</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(12,592</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(12,882</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(14,348</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Paid claims</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(897</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(922</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1,045</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1,112</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1,188</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Rescissions and denials</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(27</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(42</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(47</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(52</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Other items removed from inventory</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(444</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(195</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ending Delinquent Inventory</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">27,384</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30,028</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">29,940</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">29,795</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30,921</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary IIF Delinquency Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2.53</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.78</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.78</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.80</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.92</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary claim received inventory included in ending delinquent inventory</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">472</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">538</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">557</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">630</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">665</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary IIF - # of Delinquent Loans - Flow only</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">21,322</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">23,240</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">22,688</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">22,227</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">23,483</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary IIF Delinquency Rate - Flow only</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2.04</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.23</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.20</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.17</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Composition of Cures</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Reported delinquent and cured intraquarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4,652</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4,122</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4,397</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3,735</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4,884</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Number of payments delinquent prior to cure</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3 payments or less</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">6,551</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,724</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5,631</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6,221</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6,506</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4-11 payments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2,354</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2,001</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2,075</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2,401</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2,419</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12 payments or more</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">556</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">366</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">489</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">525</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">539</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total Cures in Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">14,113</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12,213</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12,592</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12,882</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14,348</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Composition of Paids</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Number of payments delinquent at time of claim payment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3 payments or less</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4-11 payments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">107</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">83</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">104</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">121</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">149</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12 payments or more</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">789</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">837</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">941</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">987</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,037</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total Paids in Quarter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">897</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">922</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,045</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,112</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1,188</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Aging of Primary Delinquent Inventory</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Consecutive months delinquent</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;3 months or less</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">7,567</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9,447</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9,462</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,970</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,568</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;4-11 months</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">9,535</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">35</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9,664</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9,082</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,951</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9,997</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">32</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;12 months or more</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">10,282</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">37</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">10,917</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">36</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11,396</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">38</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11,874</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">40</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12,356</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">40</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Number of payments delinquent</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;3 payments or less</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">12,961</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">47</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14,895</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">50</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14,690</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">49</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14,071</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">47</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">14,129</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">46</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;4-11 payments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">8,178</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">30</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,519</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,225</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">27</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,194</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8,833</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">28</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;12 payments or </font></div><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;&#160;&#160;&#160;&#160;&#160;more</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">6,245</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">23</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6,614</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">22</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,025</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">24</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,530</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">25</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,959</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">26</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:48%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:7%;"></td><td style="width:1%;"></td><td style="width:2%;"></td><td style="width:1%;"></td><td style="width:6%;"></td><td style="width:1%;"></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">ADDITIONAL INFORMATION - RESERVES and CLAIMS PAID</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Q1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Reserves (millions)</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary Direct Loss Reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">566</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">546</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">591</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">610</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">642</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Pool Direct loss reserves</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Other Gross Reserves</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total Gross Loss Reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">575</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">555</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">602</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">622</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">655</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary Average Direct Reserve Per Delinquency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">20,658</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">18,171</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">18,955</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">19,684</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">20,014</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Net Paid Claims (millions) (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">46</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">73</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">55</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">55</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">57</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Total primary (excluding settlements)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">42</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">47</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">52</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">52</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Rescission and NPL settlements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">26</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Pool</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Reinsurance</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">(1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Reinsurance terminations (1)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(14</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary Average Claim Payment (thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">47.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">46.3</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Roboto,sans-serif;font-size:6pt;">(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">44.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Roboto,sans-serif;font-size:6pt;">(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">46.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">43.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Flow only</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">41.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">41.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Roboto,sans-serif;font-size:6pt;">(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">39.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:6pt;"><font style="font-family:Roboto,sans-serif;font-size:6pt;">(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">40.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">37.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#32;&#32;(1)  Net paid claims, as presented, does not include amounts received in conjunction with terminations or commutations of reinsurance agreements.</font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:24px;text-indent:-24px;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#32;&#32;(2)  Excludes amounts paid in settlement disputes for claims paying practices and/or commutations of policies.</font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"></td></tr><tr><td style="width:52%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:3%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td><td style="width:4%;"></td><td style="width:1%;"></td><td style="width:5%;"></td><td style="width:1%;"></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td></tr><tr><td colspan="20" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">ADDITIONAL INFORMATION - REINSURANCE</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Q1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Quota Share Reinsurance</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">% insurance inforce subject to reinsurance</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">78.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">78.5</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">78.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">78.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">77.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">% NIW subject to reinsurance</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">71.9</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">79.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">81.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">83.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">84.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ceded premiums written and earned (millions) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">26.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">23.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">23.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">36.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">28.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ceded losses incurred (millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">5.8</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3.6</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">3.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">1.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ceding commissions (millions) (included in underwriting and other expenses) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">11.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">11.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">13.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">13.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Profit commission (millions) (included in ceded premiums) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">30.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">31.1</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">32.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">37.0</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">38.9</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Excess-of-Loss Reinsurance</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ceded premiums earned (millions) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">4.7</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5.2</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">5.4</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">4.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2.5</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Ceded losses incurred (millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1)  Includes a $6.8 million termination fee paid to terminate a portion of our 2015 quota share reinsurance agreement.</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:47%;"></td><td style="width:8%;"></td><td style="width:4%;"></td><td style="width:7%;"></td><td style="width:4%;"></td><td style="width:7%;"></td><td style="width:4%;"></td><td style="width:7%;"></td><td style="width:4%;"></td><td style="width:8%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">MGIC INVESTMENT CORPORATION AND SUBSIDIARIES</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:8pt;">ADDITIONAL INFORMATION: BULK STATISTICS AND MI RATIOS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">Q1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Q1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Bulk Primary Insurance Statistics</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Insurance in force (billions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$5.4</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$5.6</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$6.0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$6.2</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$6.7</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Risk in force (billions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$1.5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$1.6</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$1.7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$1.7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$1.9</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Average loan size (thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$144.0</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$144.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$141.3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$141.8</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$144.1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Number of delinquent loans</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">6,062</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">6,788</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,252</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,568</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">7,438</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Delinquency rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">16.01%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17.45%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17.13%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17.31%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">16.02%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Primary paid claims (excluding settlements) (millions)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$14</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$14</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$15</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$16</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$18</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Average claim payment (thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">$66.5</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$62.8</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$60.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$74.6</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">$65.1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Mortgage Guaranty Insurance Corporation - Risk to Capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">10.2:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9.7:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9.9:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">10.1:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(3)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8.9:1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">Combined Insurance Companies - Risk to Capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">10.2:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9.6:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9.8:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">10.0:1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">9.6:1</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">GAAP loss ratio (insurance operations only)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">23.4%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8.9%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">12.7%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">8.8%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">15.6%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">GAAP underwriting expense ratio (insurance operations only)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;font-weight:bold;">17.3%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">19.6%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17.7%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">17.6%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">18.9%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(1)  Excludes amounts paid in settlement disputes for claims paying practices and/or commutations of policies.</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(2)  Preliminary</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;">(3)  A reinsurance agreement in effect between Mortgage Guaranty Insurance Corporation and an affiliate was terminated during the quarter.</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Roboto,sans-serif;font-size:8pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s1566BEA1B4995F2CBDB51BDE4EE2E3C5"></a></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:10pt;font-weight:bold;text-decoration:underline;">Risk Factors</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">As used below, &#8220;we,&#8221; &#8220;our&#8221; and &#8220;us&#8221; refer to MGIC Investment Corporation&#8217;s consolidated operations or to MGIC Investment Corporation, as the context requires; and &#8220;MGIC&#8221; refers to Mortgage Guaranty Insurance Corporation.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our actual results could be affected by the risk factors below. These risk factors should be reviewed in connection with this press release and our periodic reports to the Securities and Exchange Commission ("SEC"). These risk factors may also cause actual results to differ materially from the results contemplated by forward looking statements that we may make. Forward looking statements consist of statements which relate to matters other than historical fact, including matters that inherently refer to future events. Among others, statements that include words such as &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;will&#8221; or &#8220;expect,&#8221; or words of similar import, are forward looking statements. These risk factors, including the discussion of the impact of the COVID-19 pandemic, speak only as of the date of this press release and are subject to change without notice as the Company cannot predict all risks relating to this evolving set of events. We are not undertaking any obligation to update any forward looking statements or other statements we may make even though these statements may be affected by events or circumstances occurring after the forward looking statements or other statements were made. No investor should rely on these statements being current at any time other than the time at which this press release was delivered for dissemination to the public.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">The impact of the COVID-19 pandemic on our business and financial condition may be material.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">While uncertain, the impact of the COVID-19 pandemic on the Company&#8217;s business, financial results, liquidity and/or financial condition may be material.&#160;We expect that the increase in unemployment and economic uncertainty resulting from initiatives to reduce the transmission of COVID-19 (including "shelter-in-place" restrictions), as well as COVID-19&#8209;related illnesses and deaths, will negatively impact our business. The magnitude of the impact will be influenced by various factors, including the length and severity of the pandemic in the United States, the length of time that measures intended to reduce the transmission of COVID-19 remain in place, the resulting level of unemployment, and the impact of various government initiatives (including the enactment of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act")) and actions taken by Fannie Mae and Freddie Mac (the "GSEs") (including implementation of mortgage forbearance and modification programs) to mitigate the economic harm caused by COVID-19 and efforts to reduce its transmission.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The COVID-19 pandemic has impacted and may continue to impact our business in various ways, including the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our incurred losses will increase as the number of insured mortgage delinquencies increase. We establish case reserves for insurance losses when delinquency notices are received and for loans we estimate are delinquent prior to the close of the accounting period but for which delinquency notices have not yet been reported to us (this is often referred to as &#8220;IBNR&#8221;). For information about our loss reserving methodology, see our risk factors titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"Because we establish loss reserves only upon a loan delinquency rather than based on estimates of our ultimate losses or risk in force, losses may have a disproportionate adverse effect on our earnings in certain periods,"</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;and </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"Because loss reserve estimates are subject to uncertainties, paid claims may be substantially different than our loss reserves."</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We will be required to maintain more capital under the private mortgage insurer eligibility requirements ("PMIERs") of the GSEs, which generally require more capital to be held for delinquent loans than for performing loans. For more information about the capital requirements of the PMIERs, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"We may not continue to meet the GSEs' private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility."</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Over time, as the number of delinquencies increases, the number of claims that we must pay is likely to increase. For more information, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"Downturns in the domestic economy or declines in the value of borrowers' homes from their value at the time their loans closed may result in more homeowners defaulting and our losses increasing, with a corresponding decrease in our returns."</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">As the number of purchase mortgage originations decreases, and if the number of refinance mortgage originations decreases, the number of mortgages available for us to insure in the near term will also decrease. For more information, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"If the volume of low down payment home mortgage originations declines, the amount of insurance that we write could decline."</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We may be unable to secure excess of loss reinsurance through insurance-linked notes transactions in the near term. For more information, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"Reinsurance may not always be available or affordable."</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our receipt of premiums may be delayed. For more information, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"We are susceptible to disruptions in the servicing of mortgage loans that we insure and we rely on third-party reporting for information regarding the mortgage loans we insure."</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:12px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our operations may be impacted if our management or other employees are unable to perform their duties as a result of COVID-19-related illnesses. For more information, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"We rely on our management team and our business could be harmed if we are unable to retain qualified personnel or successfully develop and/or recruit their replacements."</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Downturns in the domestic economy or declines in the value of borrowers&#8217; homes from their value at the time their loans closed may result in more homeowners defaulting and our losses increasing, with a corresponding decrease in our returns.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Losses result from events that reduce a borrower&#8217;s ability or willingness to continue to make mortgage payments, such as unemployment, health issues, family status, and whether the home of a borrower who defaults on his mortgage can be sold for an amount that will cover unpaid principal and interest and the expenses of the sale. In general, favorable economic conditions reduce the likelihood that borrowers will lack sufficient income to pay their mortgages and also favorably affect the value of homes, thereby reducing and in some cases even eliminating a loss from a mortgage default. A deterioration in economic conditions, including an increase in unemployment, generally increases the likelihood that borrowers will not have sufficient income to pay their mortgages and can also adversely affect home prices, which in turn can influence the willingness of borrowers with sufficient resources to make mortgage payments to do so when the mortgage balance exceeds the value of the home. Home prices may decline even absent a deterioration in economic conditions due to declines in demand for homes, which in turn may result from changes in buyers&#8217; perceptions of the potential for future appreciation, restrictions on and the cost of mortgage credit due to more stringent underwriting standards, higher interest rates generally, changes to the deductibility of mortgage interest for income tax purposes, decreases in the rate of household formations, or other factors. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The unemployment rate rose from 3.5% as of December 31, 2019, to 4.4% as of March 31, 2020, and, on May 3, 2020, </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">The Wall Street Journal</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;reported that economists it surveyed forecast that unemployment rose to 16.1% as of April 30, 2020. We expect increasing unemployment to result in an increasing number of mortgage delinquencies and insurance claims; however, the increases are difficult to predict given the uncertainty in the current market environment, including uncertainty about the length and severity of the COVID-19 pandemic; the length of time that measures intended to reduce the transmission of COVID-19 remain in place; effects of forbearance programs enacted by the GSEs, various states and municipalities; and effects of stimulus programs, including those contained in the CARES Act. The programs contained in the CARES Act include, among many others:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Payment forbearance on federally-backed mortgages (including those delivered to or purchased by the GSEs) to borrowers experiencing a hardship during the COVID-19 pandemic. Forbearance allows for mortgage payments to be suspended for up to 360 days. Approximately 82% of our insurance in force that was written in 2019 and before was delivered to or purchased by the GSEs. While servicers of some non-GSE loans may not be required to offer forbearance to borrowers, we allow servicers to apply GSE loss mitigation programs to non-GSE loans. In addition, the Consumer Financial Protection Bureau ("CFPB") requires substantial loss mitigation efforts be made prior to servicers initiating foreclosure, therefore, servicers of non-GSE loans may have an incentive to offer forbearance or deferment.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">For those mortgages that are not subject to forbearance, a suspension of foreclosures and evictions for at least 60 days from March 18, 2020, on mortgages purchased or securitized by the GSEs.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Direct aid to individuals in the form of refundable tax credit rebates paid in April 2020.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">"Paycheck Protection Program " to provide small businesses with funds to pay up to eight weeks of payroll costs, and certain other expenses.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Enhanced unemployment benefits.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Increased flexibility under retirement plans.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">We may not continue to meet the GSEs&#8217; private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We must comply with a GSE's PMIERs to be eligible to insure loans delivered to or purchased by that GSE. The PMIERs include financial requirements, as well as business, quality control and certain transaction approval requirements. The financial requirements of the PMIERs require a mortgage insurer&#8217;s &#8220;Available Assets&#8221; (generally only the most liquid assets of an insurer) to equal or exceed its &#8220;Minimum Required Assets&#8221; (which are generally based on an insurer&#8217;s book of insurance in force and calculated from tables of factors with several risk dimensions, reduced for credit given for risk ceded under reinsurance agreements). </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Based on our interpretation of the PMIERs, as of March 31, 2020, MGIC&#8217;s Available Assets totaled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$4.3 billion</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">, or </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$1.0 billion</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;in excess of its Minimum Required Assets. MGIC is in compliance with the PMIERs and eligible to insure loans purchased by the GSEs. In calculating these "Minimum Required Assets," the total credit for risk ceded under our reinsurance transactions is subject to a modest reduction. Our reinsurance transactions are discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"The mix of business we write affects our Minimum Required Assets under the PMIERs, our premium yields and the likelihood of losses occurring."</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;Our existing reinsurance transactions are subject to periodic review by the GSEs and there is a risk we will not receive our current level of credit in future periods for the risk ceded under them. In addition, we may not receive the same level of credit under future reinsurance transactions that we receive under existing transactions. If MGIC is not allowed certain levels of credit under the PMIERs, under certain circumstances, MGIC may terminate the reinsurance transactions, without penalty.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">While loans that were current at the time a COVID-19 pandemic-related forbearance was initiated are not to be reported as delinquent for consumer credit reporting purposes, they may be reported to mortgage insurers and the GSEs as delinquent, and are treated as delinquent for purposes of the PMIERs. Loans that were delinquent at the time such a forbearance was initiated are expected to be reported as delinquent to mortgage insurers and the GSEs. The PMIERs generally require us to maintain significantly more Minimum Required Assets for delinquent loans than for performing loans; however, delinquent loans whose borrowers have been affected by the COVID-19 pandemic may be given the same treatment under the PMIERs as delinquent loans in areas that the Federal Emergency Management Agency ("FEMA") has declared major disaster areas in connection with hurricanes. Specifically, the Minimum Required Assets would be reduced by 70% for at least 120 days from the date the loan becomes delinquent, and longer if the loan is subject to a forbearance plan that meets certain requirements. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Under the current PMIERs, to be eligible for the 70% reduction, the loan must be backed by a property located in a FEMA Declared Major Disaster Area and either 1) or 2)&#160;below must apply. FEMA has declared all states and territories in which we conduct business to be Major Disaster Areas as a result of the impact of the COVID-19 pandemic. Absent a forbearance plan described in 1)&#160;below, the 70% reduction may be applied no longer than 120 days from the initial default date.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The loan is subject to a forbearance plan executed in response to a FEMA Declared Major Disaster Area eligible for Individual Assistance, the terms of which are materially consistent with terms of forbearance plans offered by Freddie Mac or Fannie Mae. As of the date of this report, not all states have delegated eligible individual assistance.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">2)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The loan has an initial default date occurring up to either (i) 30 days prior to or (ii) 90 days following the Major Disaster event. It is uncertain how the date of the "Major Disaster event" will be determined for the COVID-19 pandemic.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The mortgage insurance industry has asked the Federal Housing Finance Agency (the "FHFA") and the GSEs to consider revisions to the PMIERs in light of the differences between FEMA declarations associated with hurricanes and those associated with the COVID-19 pandemic. Among other things, the industry asked the FHFA and GSEs to specify how "Major Disaster event" will be determined and to not limit the forbearance plans described in 1) above to those executed in response to a FEMA Declared Major Disaster Area eligible for Individual Assistance. We applied the 70% reduction discussed above when calculating our PMIERs Minimum Required Assets for March 31, 2020. We expect to receive guidance from the GSEs before we calculate our PMIERs Minimum Required Assets for June 30, 2020.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Although we have requested servicers to provide us with information about the forbearance status of loans, we may not  receive such reporting and, therefore, may not be able to take advantage of the 70% reduction after a loan has been delinquent 120 days.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">It is possible that, despite reducing the Minimum Required Assets for certain delinquent loans by 70%, the increasing number of delinquent loans caused by the COVID-19 pandemic will cause our Available Assets to be less than our Minimum Required Assets. As of March 31, 2020 and April 30, 2020, there were 27,384 and 30,243 loans in our delinquency inventory, respectively. We expect that the majority of COVID-19 pandemic-related delinquencies have not yet been reported; however, we are unable to predict the number of loans that will become delinquent as a result of the COVID-19 pandemic. We estimate that, as of March 31, 2020, our delinquency inventory would have had to have grown by approximately 235,000 loans to cause our Available Assets to be less than our Minimum Required Assets. This estimation was based on several simplifying assumptions, including that all incremental delinquencies were associated with the COVID-19 pandemic (and, therefore, receive the 70% reduction in Minimum Required Assets discussed above), reflect the same mix of book years and risk characteristics as our remaining risk-in force, and are subject to 21% quota share reinsurance (the weighted average quota share reinsurance on our risk in force).</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">If our Available Assets are less than our Minimum Required Assets, then we would not be in compliance with the PMIERs. The PMIERs provide a list of remediation actions for a mortgage insurer's non-compliance, with additional actions possible in the GSEs' discretion. At the extreme, the GSEs may suspend or terminate eligibility to insure loans purchased by them. Such suspension or termination would significantly reduce the volume of our new business writings; the vast majority of our NIW since 2008 has been for loans delivered to or purchased by the GSEs. In addition to the increase in </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Minimum Required Assets associated with delinquent loans whose borrowers are affected by the COVID-19 pandemic, factors that may negatively impact MGIC&#8217;s ability to continue to comply with the financial requirements of the PMIERs include the following:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The GSEs may make the PMIERs more onerous in the future. The PMIERs provide that the factors that determine Minimum Required Assets will be updated periodically, or as needed if there is a significant change in macroeconomic conditions or loan performance. We do not anticipate that the regular periodic updates will occur more frequently than once every two years. The PMIERs state that the GSEs will provide notice 180 days prior to the effective date of updates to the factors; however, the GSEs may amend any portion of the PMIERs at any time. It is possible that the FHFA and GSEs will not agree to the COVID-19-specific changes requested by the mortgage insurance industry or that they will revise the PMIERs to provide that there is no reduction in the Minimum Required Assets for COVID-19-related delinquencies. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">There may be future implications for PMIERs based upon forthcoming regulatory capital requirements for the GSEs. In 2018, the FHFA issued a proposed capital rule for the GSEs, which included a framework for determining the capital relief allowed to the GSEs for loans with private mortgage insurance. A re-proposed capital rule is expected to be released; however, the timing and content of the re-proposal are uncertain. Further, any changes to the GSEs' capital and liquidity requirements resulting from the Treasury Housing Reform Plan could have future implications for PMIERs. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our future operating results may be negatively impacted by the matters discussed in the rest of these risk factors. Such matters could decrease our revenues, increase our losses or require the use of assets, thereby creating a shortfall in Available Assets.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Should capital be needed by MGIC in the future, capital contributions from our holding company may not be available due to competing demands on holding company resources, including for repayment of debt.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Because we establish loss reserves only upon a loan delinquency rather than based on estimates of our ultimate losses on risk in force, losses may have a disproportionate adverse effect on our earnings in certain periods.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In accordance with accounting principles generally accepted in the United States, we establish case reserves for insurance losses and loss adjustment expenses only when notices of default on insured mortgage loans are received and for loans we estimate are in default but for which notices of default have not yet been reported to us by the servicers (this is often referred to as &#8220;IBNR&#8221;). Because our reserving method does not take consider losses that could occur from loans that are not delinquent, such losses are not reflected in our financial statements, except in the case where a premium deficiency exists. A premium deficiency exists when the present value of expected future losses and expenses exceed the present value of expected future premiums and already established loss reserves on the applicable loans. As a result, future losses on loans that are not currently delinquent may have a material impact on future results as such losses emerge. As of March 31, 2020, we had established case reserves and reported losses incurred for 27,384 loans in our delinquency inventory and increased our IBNR reserve from $22 million at December 31, 2019 to $30 million at March 31, 2020. Though not reflected in our March 31, 2020 financial results, as of April 30, 2020, our delinquency inventory had increased to 30,243 loans. We expect that delinquencies will increase from that level as a result of the COVID-19 pandemic, including as a result of the increase in unemployment associated with initiatives intended to reduce the transmission of COVID-19. As a result, we expect our losses incurred to increase in future periods. The impact of the COVID-19 pandemic on the number of delinquencies and our losses incurred will be influenced by various factors, including those discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"The impact of the COVID-19 pandemic on our business and financial condition may be material."</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Because loss reserve estimates are subject to uncertainties, paid claims may be substantially different than our loss reserves.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">When we establish case reserves, we estimate the ultimate loss on delinquent loans by estimating the number of loans in our inventory of delinquent loans that will result in a claim payment, which is referred to as the claim rate, and further estimating the amount of the claim payment, which is referred to as claim severity. The estimated claim rate and claim severity represent our best estimates of what we will actually pay on the loans in default as of the reserve date and incorporate anticipated mitigation from rescissions and curtailments. The establishment of loss reserves is subject to inherent uncertainty and requires judgment by management. The actual amount of the claim payments may be substantially different than our loss reserve estimates. Our estimates could be affected by several factors, including a change in regional or national economic conditions, the impact of various government actions (including the enactment of the CARES Act) and actions taken by the GSEs (including implementation of mortgage forbearance and modification programs) to mitigate the economic harm caused by the COVID-19 pandemic and efforts to reduce the transmission of COVID-19, and a change in the length of time loans are delinquent before claims are received. The change in conditions may include changes in unemployment, including prolonged unemployment as a result of the COVID-19 pandemic, affecting borrowers&#8217; income and thus their ability to make mortgage payments, and changes in home prices, which may </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">affect borrower willingness to continue to make mortgage payments when the value of the home is below the mortgage balance. The economic effects of the COVID-19 pandemic may be disproportionately concentrated in certain geographic regions. Information about the geographic dispersion of our insurance in force can be found in our Annual Reports on Form 10-K and our Quarterly Reports on Form 10-Q filed with the SEC. Changes to our claim rate and claim severity estimates could have a material impact on our future results, even in a stable economic environment. In addition, historically, losses incurred have followed a seasonal trend in which the second half of the year has weaker credit performance than the first half, with higher new default notice activity and a lower cure rate. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">The premiums we charge may not be adequate to compensate us for our liabilities for losses and as a result any inadequacy could materially affect our financial condition and results of operations.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We set premiums at the time a policy is issued based on our expectations regarding likely performance of the insured risks over the long term. Our premiums are subject to approval by state regulatory agencies, which can delay or limit our ability to increase our premiums. In addition, our customized rate plans may delay our ability to increase our premiums on the NIW covered by such plans. Generally, we cannot cancel mortgage insurance coverage or adjust renewal premiums during the life of a mortgage insurance policy. As a result, higher than anticipated claims generally cannot be offset by premium increases on policies in force or mitigated by our non-renewal or cancellation of insurance coverage. The premiums we charge, the investment income we earn and the amount of reinsurance we carry may not be adequate to compensate us for the risks and costs associated with the insurance coverage provided to customers. An increase in the number or size of claims, compared to what we anticipated when we set the premiums, could adversely affect our results of operations or financial condition. Our premium rates are also based in part on the amount of capital we are required to hold against the insured risk. If the amount of capital we are required to hold increases from the amount we were required to hold when a policy was written, we cannot adjust premiums to compensate for this and our returns may be lower than we assumed. For a discussion of the effect of the COVID-19 pandemic on the amount of capital we are required to hold, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"We may not continue to meet the GSEs&#8217; private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility."</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The losses we have incurred on our 2005-2008 books of business have exceeded our premiums from those books. The incurred losses from those books, although declining, continue to generate a material portion of our total incurred losses. The ultimate amount of these losses will depend in part on general economic conditions, including unemployment, and the direction of home prices. </font></div><div style="line-height:120%;padding-top:20px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Competition or changes in our relationships with our customers could reduce our revenues, reduce our premium yields and&#160;/&#160;or increase our losses.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The private mortgage insurance industry is highly competitive and is expected to remain so. We believe we currently compete with other private mortgage insurers based on premium rates, underwriting requirements, financial strength (including based on credit or financial strength ratings), customer relationships, name recognition, reputation, strength of management teams and field organizations, the ancillary products and services provided to lenders and the effective use of technology and innovation in the delivery and servicing of our mortgage insurance products.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our relationships with our customers, which may affect the amount of our NIW, could be adversely affected by a variety of factors, including if our premium rates are higher than those of our competitors, our underwriting requirements are more restrictive than those of our competitors, or our customers are dissatisfied with our claims-paying practices (including insurance policy rescissions and claim curtailments). </font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Much of the competition in the industry in the last few years has centered on pricing practices which have included: (i)&#160;reductions in standard filed rates; (ii)&#160;use of customized rate plans (typically lower than standard rates) that are made available to lenders that meet certain criteria; and (iii) use of a spectrum of filed rates to allow for formulaic, risk-based pricing that may be quickly adjusted within certain parameters (referred to as "risk-based pricing systems"). While our increased use of reinsurance over the past several years has helped to mitigate the negative effect of declining premium rates on our returns, refer to our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"Reinsurance may not always be available or affordable"</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;for a discussion of the risks associated with the availability of reinsurance.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In 2019, we introduced MiQ, our risk-based pricing system that establishes our premium rates based on more risk attributes than were considered in 2018. The widespread use of risk-based pricing systems by the private mortgage insurance industry makes it more difficult to compare our rates to those offered by our competitors. We may not be aware of industry rate changes until we observe that our volume of new insurance written ("NIW") has changed. In addition, business under customized rate plans is awarded by certain customers for only limited periods of time.  As a result, our NIW may fluctuate more than it had in the past. Regarding the concentration of our new business, our top ten customers accounted for approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">26%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;and 25% of our NIW, in each of the twelve months ended March 31, 2020 and 2019. </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We monitor various competitive and economic factors while seeking to balance both profitability and market share considerations in developing our pricing strategies. Premium rates on NIW will change our premium yield (net premiums earned divided by the average insurance in force) over time as older insurance policies run off and new insurance policies with different premium rates are written. Our premium rates are subject to approval by state regulatory agencies, which can delay or limit our ability to change them, outside of the parameters already approved. In addition, our customized rate plans may delay our ability to increase our premiums on the NIW covered by such plans.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">There can be no assurance that our premium rates adequately reflect the risk associated with the underlying mortgage insurance policies. For additional information, see our risk factors titled &#8220;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">The premiums we charge may not be adequate to compensate us for our liabilities for losses and as a result any inadequacy could materially affect our financial condition and results of operations</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">" and "</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">If our risk management programs are not effective in identifying, or adequate in controlling or mitigating, the risks we face, or if the models used in our businesses are inaccurate, it could have a material adverse impact on our business, results of operations and financial condition.</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">"&#160;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Certain of our competitors have access to capital at a lower cost than we do (including, through off-shore reinsurance vehicles, which are tax-advantaged). As a result, they may be able to achieve higher after-tax rates of return on their NIW compared to us, which could allow them to leverage reduced premium rates to gain market share, and they may be better positioned to compete outside of traditional mortgage insurance, including by participating in alternative forms of credit enhancement pursued by Fannie Mae and Freddie Mac (the "GSEs") discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"The amount of insurance we write could be adversely affected if lenders and investors select alternatives to private mortgage insurance</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">." </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The vast majority of our insurance written since 2008 has been for loans purchased by the GSEs. The current private mortgage insurer eligibility requirements ("PMIERs") of each of the GSEs require a mortgage insurer to maintain a minimum amount of assets to support its insured risk, as discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;We may not continue to meet the GSEs&#8217; private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility.&#8221; </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">The PMIERs do not require an insurer to maintain minimum financial strength ratings; however, our financial strength ratings can affect us in the following ways:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">A downgrade in our financial strength ratings could result in increased scrutiny of our financial condition by the GSEs and/or our customers, potentially resulting in a decrease in the amount of our NIW. Standard and Poor's recently revised its outlook, to "negative," for MGIC and other U.S. mortgage insurers due to the risks associated with the COVID-19 pandemic. A.M. Best recently revised its outlook for the U.S. Private Mortgage Insurers market segment to "negative," but did not change MGIC's outlook at that time.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our ability to participate in the non-GSE mortgage market (the size of which has been limited since 2008, but may grow in the future), could depend on our ability to maintain and improve our investment grade ratings for our insurance subsidiaries. We could be competitively disadvantaged with some market participants because the financial strength ratings of our insurance subsidiaries are lower than those of some competitors. MGIC's financial strength rating from A.M. Best is A- (with a stable outlook), from Moody&#8217;s is Baa1 (with a stable outlook) and from Standard &amp; Poor&#8217;s is BBB+ (with a negative outlook).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Financial strength ratings may also play a greater role if the GSEs no longer operate in their current capacities, for example, due to legislative or regulatory action. In addition, although the PMIERs do not require minimum financial strength ratings, the GSEs consider financial strength ratings to be important when using forms of credit enhancement other than traditional mortgage insurance, as discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"The amount of insurance we write could be adversely affected if lenders and investors select alternatives to private mortgage insurance."</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">If we are unable to compete effectively in the current or any future markets as a result of the financial strength ratings assigned to our insurance subsidiaries, our future new insurance written could be negatively affected.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">The amount of insurance we write could be adversely affected if lenders and investors select alternatives to private mortgage insurance.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Alternatives to private mortgage insurance include:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">investors using risk mitigation and credit risk transfer techniques other than private mortgage insurance, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">lenders and other investors holding mortgages in portfolio and self-insuring, </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">lenders using Federal Housing Administration ("FHA"), U.S. Department of Veterans Affairs ("VA") and other government mortgage insurance programs, and</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">lenders originating mortgages using piggyback structures to avoid private mortgage insurance, such as a first mortgage with an 80% loan-to-value ("LTV") ratio and a second mortgage with a 10%, 15% or 20% LTV ratio (referred to as 80-10-10, 80-15-5 or 80-20 loans, respectively) rather than a first mortgage with a 90%, 95% or 100% LTV ratio that has private mortgage insurance.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The GSEs&#8217; charters generally require credit enhancement for a low down payment mortgage loan (a loan with an amount that exceeds 80% of a home&#8217;s value) in order for such loan to be eligible for purchase by the GSEs. Private mortgage insurance has generally been purchased by lenders in primary mortgage market transactions to satisfy this credit enhancement requirement. In 2018, Freddie Mac and Fannie Mae initiated secondary mortgage market programs with loan level mortgage default coverage provided by various (re)insurers that are not mortgage insurers governed by PMIERs, and that are not selected by the lenders. These programs compete with traditional private mortgage insurance and, due to differences in policy terms, they may offer premium rates that are below prevalent single premium lender paid mortgage insurance ("LPMI") rates. We participate in these programs from time to time. See our risk factor titled &#8220;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">Changes in the business practices of the GSEs, federal legislation that changes their charters or a restructuring of the GSEs could reduce our revenues or increase our losses&#8221;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;for a discussion of various business practices of the GSEs that may be changed, including through expansion or modification of these programs. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The GSEs (and other investors) have also used other forms of credit enhancement that did not involve traditional private mortgage insurance, such as engaging in credit-linked note transactions executed in the capital markets, or using other forms of debt issuances or securitizations that transfer credit risk directly to other investors, including competitors and an affiliate of MGIC; using other risk mitigation techniques in conjunction with reduced levels of private mortgage insurance coverage; or accepting credit risk without credit enhancement. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The FHA's share of the low down payment residential mortgages that were subject to FHA, VA, USDA or primary private mortgage insurance was 28.2% in 2019, 30.5% in 2018 and 33.9% in 2017. In the past ten years, the FHA&#8217;s share has been as low as 28.2% in 2019 and as high as 64.5% in 2010. Factors that influence the FHA&#8217;s market share include relative rates and fees, underwriting guidelines and loan limits of the FHA, VA, private mortgage insurers and the GSEs; lenders' perceptions of legal risks under FHA versus GSE programs; flexibility for the FHA to establish new products as a result of federal legislation and programs; returns expected to be obtained by lenders for Ginnie Mae securitization of FHA-insured loans compared to those obtained from selling loans to the GSEs for securitization; and differences in policy terms, such as the ability of a borrower to cancel insurance coverage under certain circumstances. We cannot predict how the factors that affect the FHA&#8217;s share of new insurance written will change in the future. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The VA's share of the low down payment residential mortgages that were subject to FHA, VA, USDA or primary private mortgage insurance was 25.2% in 2019, 22.9% in 2018 and 24.7% in 2017. In the past ten years, the VA&#8217;s share has been as low as 15.7% in 2010 and as high as 27.2% in 2016. We believe that the VA&#8217;s market share has generally been elevated in recent years because of an increase in the number of borrowers that are eligible for the VA&#8217;s program, which offers 100% LTV ratio loans and charges a one-time funding fee that can be included in the loan amount, and because eligible borrowers have opted to use the VA program when refinancing their mortgages.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Changes in the business practices of the GSEs, federal legislation that changes their charters or a restructuring of the GSEs could reduce our revenues or increase our losses.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The vast majority of our insurance written since 2008 has been for loans purchased by the GSEs, therefore, the business practices of the GSEs greatly impact our business and include:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the GSEs' PMIERs, the financial requirements of which are discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;We may not continue to meet the GSEs&#8217; private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility,&#8221;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the capital and collateral requirements for participants in the GSEs' alternative forms of credit enhancement discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"The amount of insurance we write could be adversely affected if lenders and investors select alternatives to private mortgage insurance,"</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the level of private mortgage insurance coverage, subject to the limitations of the GSEs&#8217; charters, when private mortgage insurance is used as the required credit enhancement on low down payment mortgages (the GSEs generally require a level of mortgage insurance coverage that is higher than the level of coverage required by their charters; any change in the required level of coverage will impact our new risk written),</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the amount of loan level price adjustments and guaranty fees (which result in higher costs to borrowers) that the GSEs assess on loans that require private mortgage insurance,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">whether the GSEs select or influence the mortgage lender&#8217;s selection of the mortgage insurer providing coverage,</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the underwriting standards that determine which loans are eligible for purchase by the GSEs, which can affect the quality of the risk insured by the mortgage insurer and the availability of mortgage loans,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the terms on which mortgage insurance coverage can be canceled before reaching the cancellation thresholds established by law,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the programs established by the GSEs intended to avoid or mitigate loss on insured mortgages and the circumstances in which mortgage servicers must implement such programs,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the terms that the GSEs require to be included in mortgage insurance policies for loans that they purchase, including limitations on the rescission rights of mortgage insurers,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the extent to which the GSEs intervene in mortgage insurers&#8217; claims paying practices, rescission practices or rescission settlement practices with lenders,</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#32;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the maximum loan limits of the GSEs compared to those of the FHA and other investors.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The FHFA has been the conservator of the GSEs since 2008 and has the authority to control and direct their operations. The increased role that the federal government has assumed in the residential housing finance system through the GSE conservatorship may increase the likelihood that the business practices of the GSEs change, including through administrative action, in ways that have a material adverse effect on us and that the charters of the GSEs are changed by new federal legislation. </font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In September 2019, at the direction of President Trump, the U.S. Treasury Department ("Treasury") released the &#8220;Treasury Housing Reform Plan&#8221; (the "Plan"). The Plan recommends administrative and legislative reforms for the housing finance system, with such reforms intended to achieve the goals of ending the conservatorships of the GSEs; increasing competition and participation by the private sector in the mortgage market including by authorizing the FHFA to approve additional guarantors of conventional mortgages in the secondary market, simplifying the qualified mortgage ("QM") rule of the CFPB, transferring risk to the private sector, and eliminating the "GSE Patch" (discussed below); establishing regulation of the GSEs that safeguards their safety and soundness and minimizes the risks they pose to the financial stability of the United States; and providing that the federal government is properly compensated for any explicit or implicit support it provides to the GSEs or the secondary housing finance market. Also in September 2019, the Treasury and FHFA entered into a letter agreement that will allow the GSEs to remit less of their earnings to the government, which will help them rebuild their capital.</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The impact of the Plan on private mortgage insurance is unclear. The Plan does not refer to mortgage insurance explicitly; however, it refers to a requirement for credit enhancement on high LTV ratio loans, which is a requirement of the current GSE charters. The Plan also indicates that the FHFA should continue to support efforts to expand credit risk transfer ("CRT") programs and should encourage the GSEs to continue to engage in a diverse mix of economically sensible CRT programs, including by increasing reliance on institution-level capital (presumably, as distinguished from capital obtained in the capital markets).  For more information about CRT programs, see our risk factor titled "</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">The amount of insurance we write could be adversely affected if lenders and investors select alternatives to private mortgage insurance."</font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The current GSE Patch expands the definition of QM under the Truth in Lending Act (Regulation Z) ("TILA") to include mortgages eligible to be purchased by the GSEs, even if the mortgages do not meet the debt-to-income ("DTI") ratio limit of 43% that is included in the standard QM definition. Originating a QM may provide a lender with legal protection from lawsuits that claim the lender failed to verify a borrower&#8217;s ability to repay. The GSE Patch is scheduled to expire no later than January 2021. Approximately 23% and 21% of our NIW in the first quarter of 2020 and the last quarter of 2019, respectively, was on loans with DTI ratios greater than 43%. However, it is possible that expiration of the GSE Patch will be delayed and that not all future loans with DTI ratios greater than 43% will be affected by such expiration. In this regard, we note that the CFPB recently indicated that it expects to issue for comment, no later than May 2020, a proposed new "ability-to-repay" ("ATR") rule that would replace the use of DTI ratio in the definition of QM with an alternative measure, such as a pricing threshold. The CFPB also indicated that it would extend the expiration of the GSE Patch until the earlier of the effective date of the proposed alternative or until one of the GSEs exits conservatorship. </font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We insure loans that do not qualify as QMs; however, we are unsure the extent to which lenders will make non-QM loans because they will not be entitled to the presumptions about compliance with the ATR rule that the law allows with respect to QM loans. We are also unsure the extent to which lenders will purchase private mortgage insurance for loans that cannot be sold to the GSEs. Finally, certain lenders have suspended their non-QM lending due to COVID-19 pandemic-related concerns.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The QM definition for loans insured by the FHA, which was issued by the Department of Housing and Urban Development (&#8220;HUD&#8221;), is less restrictive than the CFPB&#8217;s definition in certain respects, including that (i) it has no DTI ratio limit, and (ii) it allows lenders certain presumptions about compliance with the ATR rule on higher priced loans. It is possible that, </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">in the future, lenders will prefer FHA-insured loans to loans insured by private mortgage insurance as a result of the FHA&#8217;s less restrictive QM definition. However, in September 2019, HUD released its Housing Reform Plan and indicated that the FHA should refocus on its mission of providing housing finance support to low- and moderate-income families that cannot be fulfilled through traditional underwriting. In addition, Treasury's Plan indicated that the FHFA and HUD should develop and implement a specific understanding as to the appropriate roles and overlap between the GSEs and FHA, including with respect to the GSEs&#8217; acquisitions of high LTV ratio loans and high DTI ratio loans. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">As a result of the matters referred to above, it is uncertain what role the GSEs, FHA and private capital, including private mortgage insurance, will play in the residential housing finance system in the future. The timing and impact on our business of any resulting changes is uncertain. Many of the proposed changes would require Congressional action to implement and it is difficult to estimate when Congressional action would be final and how long any associated phase-in period may last.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Reinsurance may not always be available or affordable.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">As discussed in our risk factor titled "</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">The mix of business we write affects our Minimum Required Assets under the PMIERs, our premium yields and the likelihood of losses occurring</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">," we have in place quota share and excess of loss reinsurance transactions providing various amounts of coverage on 86% of our risk in force. These reinsurance transactions enable us to earn higher returns on our business than we would without them because fewer Available Assets are required to be held under PMIERs. However, reinsurance may not always be available to us or available on similar terms, the quota share reinsurance transactions subject us to counterparty credit risk, and the GSEs may change the credit they allow under the PMIERs for risk ceded under our reinsurance transactions. If we are unable to obtain reinsurance for NIW, our returns may decrease absent an increase in premium rates. An increase in our premium rates may lead to a decrease in our NIW.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We have in place quota share reinsurance ("QSR") transactions with unaffiliated reinsurers that cover most of our insurance written from 2013 through 2021, and a portion of our insurance written prior to 2013. The quota share reinsurance coverage percentages range from 15% to 30%. We also have in place reinsurance agreements that provide excess-of-loss reinsurance coverage for a portion of the risk associated with certain mortgage insurance policies having an insurance coverage in force date on or after July 1, 2016 and before April 1, 2019. The transactions were entered into with special purpose insurers that issued notes linked to the reinsurance coverage ("Insurance Linked Notes" or "ILNs"). The market volatility caused by the COVID-19 pandemic has caused a disruption of uncertain duration in the market for new ILN transactions. The most recent ILN transaction in the market closed on February 3, 2020.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">We are involved in legal proceedings and are subject to the risk of additional legal proceedings in the future.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Before paying an insurance claim, we review the loan and servicing files to determine the appropriateness of the claim amount. When reviewing the files, we may determine that we have the right to rescind coverage on the loan. In our SEC reports, we refer to insurance rescissions and denials of claims collectively as &#8220;rescissions&#8221; and variations of that term. In addition, our insurance policies generally provide that we can reduce or deny a claim if the servicer did not comply with its obligations under our insurance policy. We call such reduction of claims &#8220;curtailments.&#8221; In recent quarters, an immaterial percentage of claims received in a quarter have been resolved by rescissions. In the first quarter of 2020 and in 2019, curtailments reduced our average claim paid by approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">4.4%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">% and 3.9%, respectively.  </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our loss reserving methodology incorporates our estimates of future rescissions, curtailments, and reversals of rescissions and curtailments. A variance between ultimate actual rescission, curtailment and reversal rates and our estimates, as a result of the outcome of litigation, settlements or other factors, could materially affect our losses.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">When the insured disputes our right to rescind coverage or curtail claims, we generally engage in discussions in an attempt to settle the dispute. If we are unable to reach a settlement, the outcome of a dispute ultimately may be determined by legal proceedings.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Under ASC 450-20, until a loss associated with settlement discussions or legal proceedings becomes probable and can be reasonably estimated, we consider our claim payment or rescission resolved for financial reporting purposes and do not accrue an estimated loss. When we determine that a loss is probable and can be reasonably estimated, we record our best estimate of our probable loss. In those cases, until settlement negotiations or legal proceedings are concluded (including the receipt of any necessary GSE approvals), it is reasonably possible that we will record an additional loss. We are currently involved in discussions and/or proceedings with respect to our claims paying practices. Although it is reasonably possible that, when resolved, we will not prevail on all matters, we are unable to make a reasonable estimate or range of estimates of the potential liability. We estimate the maximum exposure where a loss is reasonably possible to be approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$47 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">. This estimate of maximum exposure is based upon currently available information; is subject to significant judgment, numerous assumptions and known and unknown uncertainties; will include an amount for matters for which we have recorded a probable loss until such matters are concluded; will include different matters from time to time; and does not include interest or consequential or exemplary damages.</font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In addition to the matters described above, we are involved in other legal proceedings in the ordinary course of business. In our opinion, based on the facts known at this time, the ultimate resolution of these ordinary course legal proceedings will not have a material adverse effect on our financial position or results of operations.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">We are subject to comprehensive regulation and other requirements, which we may fail to satisfy.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We are subject to comprehensive, detailed regulation, including by state insurance departments. Many of these regulations are designed for the protection of our insured policyholders and consumers, rather than for the benefit of investors. Mortgage insurers, including MGIC, have in the past been involved in litigation and regulatory actions related to alleged violations of the anti-referral fee provisions of the Real Estate Settlement Procedures Act ("RESPA"), and the notice provisions of the Fair Credit Reporting Act ("FCRA"). While these proceedings in the aggregate did not result in material liability for MGIC, there can be no assurance that the outcome of future proceedings, if any, under these laws would not have a material adverse effect on us. To the extent that we are construed to make independent credit decisions in connection with our contract underwriting activities, we also could be subject to increased regulatory requirements under the Equal Credit Opportunity Act ("ECOA"), FCRA, and other laws. Under ECOA, examination may also be made of whether a mortgage insurer's underwriting decisions have a disparate impact on persons belonging to a protected class in violation of the law.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Although their scope varies, state insurance laws generally grant broad supervisory powers to agencies or officials to examine insurance companies and enforce rules or exercise discretion affecting almost every significant aspect of the insurance business, including payment for the referral of insurance business, premium rates and discrimination in pricing, and minimum capital requirements. For more information about state capital requirements, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;State capital requirements may prevent us from continuing to write new insurance on an uninterrupted basis.&#8221;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;For information about regulation of data privacy, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;We could be adversely affected if personal information on consumers that we maintain is improperly disclosed; and damage to, or interruption in, our information technology systems may disrupt our operations.&#8221;  </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">For more details about the various ways in which our subsidiaries are regulated, see &#8220;Business - Regulation&#8221; in Item 1 of our Annual Report on Form 10-K for the year ended December 31, 2019. While we believe our practices are in conformity with applicable laws and regulations, it is not possible to predict the eventual scope, duration or outcome of any such reviews or investigations nor is it possible to predict their effect on us or the mortgage insurance industry. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">If our risk management programs are not effective in identifying, or adequate in controlling or mitigating, the risks we face, or if the models used in our businesses are inaccurate, it could have a material adverse impact on our business, results of operations and financial condition. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our enterprise risk management program, described in "Business - Our Products and Services - Risk Management" in Item 1 of our Annual Report on Form 10-K for the year ended December 31, 2019, may not be effective in identifying, or adequate in controlling or mitigating, the risks we face in our business. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We employ proprietary and third party models to project returns, price products (including through our risk-based pricing system), determine the techniques used to underwrite insurance, estimate reserves, generate projections used to estimate future pre-tax income and to evaluate loss recognition testing, evaluate risk, determine internal capital requirements, perform stress testing, and for other uses. These models rely on estimates and projections that are inherently uncertain and may not operate as intended, especially in unprecedented circumstances such as those surrounding the COVID-19 pandemic. In addition, from time to time we seek to improve certain models, and the conversion process may result in material changes to assumptions, including those about returns and financial results. The models we employ are complex, which increases our risk of error in their design, implementation or use. Also, the associated input data, assumptions and calculations may not be correct, and the controls we have in place to mitigate that risk may not be effective in all cases. The risks related to our models may increase when we change assumptions and/or methodologies, or when we add or change modeling platforms. We have enhanced, and we intend to continue to enhance, our modeling capabilities. Moreover, we may use information we receive through enhancements to refine or otherwise change existing assumptions and/or methodologies. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">We rely on our management team and our business could be harmed if we are unable to retain qualified personnel or successfully develop and/or recruit their replacements.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our success depends, in part, on the skills, working relationships and continued services of our management team and other key personnel. The unexpected departure of key personnel could adversely affect the conduct of our business. In such event, we would be required to obtain other personnel to manage and operate our business. In addition, we will be required to replace the knowledge and expertise of our aging workforce as our workers retire. In either case, there can be no assurance that we would be able to develop or recruit suitable replacements for the departing individuals; that replacements could be hired, if necessary, on terms that are favorable to us; or that we can successfully transition such replacements in a timely manner. We currently have not entered into any employment agreements with our officers or key personnel. Volatility or lack of performance in our stock price may affect our ability to retain our key personnel or </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">attract replacements should key personnel depart. Without a properly skilled and experienced workforce, our costs, including productivity costs and costs to replace employees may increase, and this could negatively impact our earnings.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The Company has activated its business continuity program by transitioning to a remote worker virtual workforce model with certain essential activities supported by limited staff in controlled office environments. This transition was made to responsibly provide for the safety of employees related to the COVID-19 pandemic and to continue to serve customers across our businesses. We have established a temporary succession plan for each of our key executives, should an executive be unable to perform his or her duties due to a COVID-19 related illness; however, it is uncertain what impact COVID-19-related illnesses may have on our operations in the future.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">If the volume of low down payment home mortgage originations declines, the amount of insurance that we write could decline.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The factors that may affect the volume of low down payment mortgage originations include:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the health of the domestic economy as well as conditions in regional and local economies and the level of consumer confidence,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">restrictions on mortgage credit due to more stringent underwriting standards, liquidity issues or risk-retention and/or capital requirements affecting lenders,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the level of home mortgage interest rates,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">housing affordability,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">new and existing housing availability,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the rate of household formation, which is influenced, in part, by population and immigration trends,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">homeownership rates,</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">the rate of home price appreciation, which in times of heavy refinancing can affect whether refinanced loans have LTV ratios that require private mortgage insurance, and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">government housing policy encouraging loans to first-time homebuyers.</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">A decline in the volume of low down payment home mortgage originations could decrease demand for mortgage insurance and limit our NIW. The COVID-19 pandemic, including the related restrictions on business in most parts of the U.S., and its effect on unemployment and consumer confidence, may affect the number of purchase mortgage originations. Underwriting standards have become more stringent as a result of the economic uncertainty caused by the COVID-19 pandemic and that may also cause a decline in the volume of low down payment home mortgage originations. For other factors that could decrease the demand for mortgage insurance, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;The amount of insurance we write could be adversely affected if lenders and investors select alternatives to private mortgage insurance.&#8221;</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">State capital requirements may prevent us from continuing to write new insurance on an uninterrupted basis.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The insurance laws of 16 jurisdictions, including Wisconsin, MGIC's domiciliary state, require a mortgage insurer to maintain a minimum amount of statutory capital relative to its risk in force (or a similar measure) in order for the mortgage insurer to continue to write new business. We refer to these requirements as the &#8220;State Capital Requirements.&#8221; While they vary among jurisdictions, the most common State Capital Requirements allow for a maximum risk-to-capital ratio of 25 to 1. A risk-to-capital ratio will increase if (i)&#160;the percentage decrease in capital exceeds the percentage decrease in insured risk, or (ii) the percentage increase in capital is less than the percentage increase in insured risk. Wisconsin does not regulate capital by using a risk-to-capital measure but instead requires a minimum policyholder position (&#8220;MPP&#8221;). The &#8220;policyholder position&#8221; of a mortgage insurer is its net worth or surplus, contingency reserve and a portion of the reserves for unearned premiums.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">At March 31, 2020, MGIC&#8217;s risk-to-capital ratio was </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">10.2</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;to 1, below the maximum allowed by the jurisdictions with State Capital Requirements, and its policyholder position was </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$2.8 billion</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;above the required MPP of </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$1.7 billion</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">. Our risk-to-capital ratio and MPP reflect full credit for the risk ceded under our quota share reinsurance and excess of loss transactions with unaffiliated reinsurers</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">.</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;It is possible that under the revised State Capital Requirements discussed below, MGIC will not be allowed full credit for the risk ceded under such transactions. If MGIC is not allowed an agreed level of credit under the State Capital Requirements, MGIC may terminate the reinsurance transactions, without penalty. </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">At this time, we expect MGIC to continue to comply with the current State Capital Requirements; however, you should read the rest of these risk factors for information about matters that could negatively affect such compliance, including the effects of the COVID-19 pandemic. At March 31, 2020, the risk-to-capital ratio of our combined insurance operations was </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">10.2</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;to 1. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The NAIC has previously announced plans to revise the minimum capital and surplus requirements for mortgage insurers that are provided for in its Mortgage Guaranty Insurance Model Act. In December 2019, a working group of state regulators released an exposure draft of a revised Mortgage Guaranty Insurance Model Act and a risk-based capital framework to establish capital requirements for mortgage insurers, although no date has been established by which the NAIC must propose revisions to the capital requirements and certain items have not yet been completely addressed by the framework, including the treatment of ceded risk and minimum capital floors. Currently we believe that the PMIERs contain more restrictive capital requirements than the draft Mortgage Guaranty Insurance Model Act in most circumstances. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">While MGIC currently meets, and expects to continue to meet, the State Capital Requirements of Wisconsin and all other jurisdictions, it could be prevented from writing new business in the future in all jurisdictions if it fails to meet the State Capital Requirements of Wisconsin, or it could be prevented from writing new business in a particular jurisdiction if it fails to meet the State Capital Requirements of that jurisdiction, and in each case if MGIC does not obtain a waiver of such requirements. It is possible that regulatory action by one or more jurisdictions, including those that do not have specific State Capital Requirements, may prevent MGIC from continuing to write new insurance in such jurisdictions. If we are unable to write business in a particular jurisdiction, lenders may be unwilling to procure insurance from us anywhere. In addition, a lender&#8217;s assessment of the future ability of our insurance operations to meet the State Capital Requirements or the PMIERs may affect its willingness to procure insurance from us. In this regard, see our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;Competition or changes in our relationships with our customers could reduce our revenues, reduce our premium yields and/or increase our losses.&#8221;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;A possible future failure by MGIC to meet the State Capital Requirements or the PMIERs will not necessarily mean that MGIC lacks sufficient resources to pay claims on its insurance liabilities. While we believe MGIC has sufficient claims paying resources to meet its claim obligations on its insurance in force on a timely basis, you should read the rest of these risk factors for information about matters that could negatively affect MGIC&#8217;s claims paying resources.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">The mix of business we write affects our Minimum Required Assets under the PMIERs, our premium yields and the likelihood of losses occurring.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The Minimum Required Assets under the PMIERs are, in part, a function of the direct risk-in-force and the risk profile of the loans we insure, considering LTV ratio, credit score, vintage, Home Affordable Refinance Program ("HARP") status and delinquency status; and whether the loans were insured under lender-paid mortgage insurance policies or other policies that are not subject to automatic termination consistent with the Homeowners Protection Act requirements for borrower paid mortgage insurance. Therefore, if our direct risk-in-force increases through increases in NIW, or if our mix of business changes to include loans with higher LTV ratios or lower FICO scores, for example, or if we insure a higher percentage of loans under lender-paid mortgage insurance policies, all other things equal, we will be required to hold more Available Assets in order to maintain GSE eligibility.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The minimum capital required by the risk-based capital framework contained in the exposure draft released by the NAIC in December 2019 would be, in part, a function of certain loan and economic factors, including property location, LTV ratio and credit score; general underwriting quality in the market at the time of loan origination; the age of the loan; and the premium rate we charge. Depending upon the provisions of the capital requirements when they are released in final form and become effective, our mix of business may affect the minimum capital we are required to hold under the new framework. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The percentage of our NIW from all single-premium policies has ranged from approximately 10% in 2013 to 19% in 2017 and was </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">15</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">% in the first quarter of 2020 and </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">16%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;in 2019. Depending upon the actual life of a single premium policy and its premium rate relative to that of a monthly premium policy, a single premium policy may generate more or less premium than a monthly premium policy over its life. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We have in place quota share reinsurance ("QSR") transactions with unaffiliated reinsurers that cover most of our insurance written from 2013 through 2021, and a portion of our insurance written prior to 2013. Although the transactions reduce our premiums, they have a lesser impact on our overall results, as losses ceded under the transactions reduce our losses incurred and the ceding commissions we receive reduce our underwriting expenses. The effect of the QSR transactions on the various components of pre-tax income will vary from period to period, depending upon the level of ceded losses. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In 2018 and 2019, MGIC entered into reinsurance agreements that provide excess-of-loss reinsurance coverage for a portion of the risk associated with certain mortgage insurance policies having an insurance coverage in force date on or after July 1, 2016 and before April 1, 2019. The transactions were entered into with special purpose insurers that </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">issued notes linked to the reinsurance coverage ("Insurance Linked Notes" or "ILNs"). We expect that we may enter into other ILN transactions if capital market conditions are favorable. However, the market volatility caused by the COVID-19 pandemic has caused a disruption of uncertain duration in the market for new ILN transactions. The most recent ILN transaction in the market closed on February 3, 2020.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In addition to the effect of reinsurance on our premiums, we expect a decline in our premium yield because an increasing percentage of our insurance in force is from recent book years whose premium rates had been trending lower.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our ability to rescind insurance coverage became more limited for insurance we wrote beginning in mid-2012. As a result of revised PMIERs requirements, we have revised our master policy effective for new insurance written beginning March 1, 2020. Our ability to rescind insurance coverage will become further limited for insurance we write under the new master policy, potentially resulting in higher losses than would be the case under our existing master policies. In addition, our rescission rights temporarily have become more limited due to accommodations we have made in connection with the COVID-19 pandemic. We have waived our rescission rights in certain circumstances where the failure to make payments was associated with a COVID-19 pandemic-related forbearance.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">From time to time, in response to market conditions, we change the types of loans that we insure and the requirements under which we insure them. We also change our underwriting guidelines, in part through aligning most of them with the GSEs for loans that receive and are processed in accordance with certain approval recommendations from a GSE automated underwriting system. We also make exceptions to our underwriting requirements on a loan-by-loan basis and for certain customer programs. Our underwriting requirements are available on our website at </font><font style="font-family:Roboto,sans-serif;font-size:9pt;color:#0000ff;text-decoration:underline;">http://www.mgic.com/underwriting/index.html</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">.  </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Even when home prices are stable or rising, mortgages with certain characteristics have higher probabilities of claims. As of March 31, 2020, mortgages with these characteristics in our primary risk in force included mortgages with LTV ratios greater than 95% (</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">15.1%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">), loans with borrowers having FICO scores below 620 (</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">1.9%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">), mortgages with borrowers having FICO scores of 620-679 (</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">8.7%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">), mortgages with limited underwriting, including limited borrower documentation (</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">1.6%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">), and mortgages with borrowers having DTI ratios greater than 45% (or where no ratio is available) (</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">14.1%</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">), each attribute as determined at the time of loan origination. An individual loan may have more than one of these attributes. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Beginning in 2017, the percentage of NIW that we have written on mortgages with LTV ratios greater than 95% and mortgages with DTI ratios greater than 45% has increased, although the percentage of NIW that we have written on mortgages with DTI ratios greater than 45% has declined in 2019 and the first quarter of 2020 from its 2018 level. In 2018, we started considering DTI ratios when setting our premium rates, and we changed our methodology for calculating DTI ratios for pricing and eligibility purposes to exclude the impact of mortgage insurance premiums. As a result of this change, loan originators may have changed the information they provide to us. Although we have revised our operational procedures to account for this possibility, we cannot be sure that the DTI ratio we report for each loan beginning in late 2018 includes the related mortgage insurance premiums in the calculation. In addition, we expect to insure certain loans that would not have previously met our guidelines and to offer premium rates for certain loans lower than would have been offered under our previous methodology.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The widespread use of risk-based pricing systems by the private mortgage insurance industry (discussed in our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">"Competition or changes in our relationships with our customers could reduce our revenues, reduce our premium yields and&#160;/&#160;or increase our losses"</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">) makes it more difficult to compare our premium rates to those offered by our competitors. We may not be aware of industry rate changes until we observe that our mix of new insurance written has changed and our mix may fluctuate more as a result. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">If state or federal regulations or statutes are changed in ways that ease mortgage lending standards and/or requirements, or if lenders seek ways to replace business in times of lower mortgage originations, it is possible that more mortgage loans could be originated with higher risk characteristics than are currently being originated, such as loans with lower FICO scores and higher DTI ratios. Lenders could pressure mortgage insurers to insure such loans, which are expected to experience higher claim rates. Although we attempt to incorporate these higher expected claim rates into our underwriting and pricing models, there can be no assurance that the premiums earned and the associated investment income will be adequate to compensate for actual losses even under our current underwriting requirements. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">We are susceptible to disruptions in the servicing of mortgage loans that we insure and we rely on third-party reporting for information regarding the mortgage loans we insure.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We depend on reliable, consistent third-party servicing of the loans that we insure. As discussed below, the increase in delinquent loans expected to be caused by the COVID-19 pandemic may result in liquidity issues and operational burdens for servicers, which may result in a delay in our receipt of premiums and disruptions in servicing.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The CARES Act provides for payment forbearance on loans purchased or secured by the GSEs to borrowers experiencing a hardship during the COVID-19 pandemic. During the forbearance period, mortgage servicers are required to pay four </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">months of principal and interest to investors in the securities backed by the loans, even though the servicers are not receiving payments from borrowers. This may cause liquidity issues for especially non-bank servicers (who service approximately 40% of the loans underlying our insurance in force) because they do not have the same sources of liquidity that bank servicers have. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">While there has been no disruption in our premium receipts through the end of April 2020, we expect that if servicers experience future liquidity issues, they may be less likely to advance premiums to us on policies covering delinquent loans because they are not receiving payments from borrowers. Servicers experiencing liquidity issues may also be less likely to remit our premiums on policies covering loans that are not delinquent. Our policies allow us to cancel coverage on loans that are not delinquent if the premiums are not paid within a grace period. However, in response to the COVID-19 pandemic, many states have enacted moratoriums on the cancellation of insurance due to non-payment. The specific provisions of the moratoriums vary from state-to-state.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The increased operational burdens associated with the likely increase in delinquent loans caused by the COVID-19 pandemic, as well as the possible transfer of servicing resulting from liquidity issues, may cause a disruption in the servicing of delinquent loans and reduce servicers&#8217; ability to undertake mitigation efforts that could help limit our losses. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The information presented in this report and on our website with respect to the mortgage loans we insure is based on information reported to us by third parties, including the servicers and originators of the mortgage loans. Consequently, information presented may be subject to lapses or inaccuracies in reporting from such third parties. In many cases, we may not be aware that information reported to us by third parties is incorrect until such time as a claim is made against us under the relevant insurance policy. We do not receive monthly information from servicers for single premium policies, and may not be aware that the mortgage loans insured by such policies have been repaid. We periodically attempt to determine if coverage is still in force on such policies by asking the last servicer of record or through the periodic reconciliation of loan information with certain servicers. It may be possible that our reports continue to reflect, as active, policies on mortgage loans that have been repaid.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Changes in interest rates, house prices or mortgage insurance cancellation requirements may change the length of time that our policies remain in force.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The premium from a single premium policy is collected upfront and generally earned over the estimated life of the policy. In contrast, premiums from a monthly premium policy are received and earned each month over the life of the policy. In each year, most of our premiums earned are from insurance that has been written in prior years. As a result, the length of time insurance remains in force, which is generally measured by persistency (the percentage of our insurance remaining in force from one year prior), is a significant determinant of our revenues. Future premiums on our monthly premium policies in force represent a material portion of our claims paying resources and a low persistency rate will reduce those future premiums. In contrast, a higher than expected persistency rate will decrease the profitability from single premium policies because they will remain in force longer than was estimated when the policies were written.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our persistency rate was </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">73.0</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">% at March 31, 2020, 75.8% at December&#160;31, 2019 and 81.7% at December 31, 2018. Since 2000, our year-end persistency ranged from a high of 84.7% at December 31, 2009 to a low of 47.1% at December 31, 2003.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our persistency rate is primarily affected by the level of current mortgage interest rates compared to the mortgage coupon rates on our insurance in force, which affects the vulnerability of the insurance in force to refinancing. Our persistency rate is also affected by the mortgage insurance cancellation policies of mortgage investors along with the current value of the homes underlying the mortgages in the insurance in force. In 2018, the GSEs announced changes to various mortgage insurance termination requirements that are intended to further simplify the process of evaluating borrower-initiated requests for mortgage insurance termination and may reduce our persistency rate in the future.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Our holding company debt obligations materially exceed our holding company cash and investments.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">At March 31, 2020, we had approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$563 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;in cash and investments at our holding company and our holding company&#8217;s debt obligations were </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$815 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;in aggregate principal amount, consisting of $425 million of 5.75% Senior Notes due in 2023 ("5.75% Notes") and </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$390 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;of 9% Debentures due in 2063 (of which approximately $133 million was purchased, and is held, by MGIC, and is eliminated on the consolidated balance sheet). Annual debt service on the 5.75% Notes and 9% Debentures outstanding as of March&#160;31, 2020, is approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$60 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;(of which approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$12 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;will be paid to MGIC and will be eliminated on the consolidated statement of operations). </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The 5.75% Senior Notes and 9% Debentures are obligations of our holding company, MGIC Investment Corporation, and not of its subsidiaries. The payment of dividends from our insurance subsidiaries which, other than investment income and 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 dividends, and in the first quarter of 2020 and in the full year 2019, it paid a total of $390 million and $280 million, respectively, in dividends to our holding company. We ask the OCI not to </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">object before MGIC pays dividends and, due to the uncertainty surrounding the COVID-19 pandemic, we do not expect MGIC to pay a dividend to the holding company in the second quarter of 2020.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In the first quarter of 2020 and in 2019, we repurchased approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">9.6 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;and 8.7 million shares of our common stock, respectively, using approximately $120 million and $114 million of holding company resources, respectively. As of March 31, 2020, we had </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$291 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;of authorization remaining to repurchase our common stock through the end of 2021 under a share repurchase program approved by our Board of Directors in January 2020. Repurchases may be made from time to time on the open market (including through 10b5-1 plans) or through privately negotiated transactions. The repurchase program may be suspended for periods or discontinued at any time, and due to the uncertainty caused by the COVID-19 pandemic, we have temporarily suspended stock repurchases. If any additional capital contributions to our subsidiaries were required, such contributions would decrease our holding company cash and investments. As described in our Current Report on Form 8-K filed on February 11, 2016, MGIC borrowed $155 million from the Federal Home Loan Bank of Chicago. This is an obligation of MGIC and not of our holding company.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Your ownership in our company may be diluted by additional capital that we raise or if the holders of our outstanding convertible debt convert that debt into shares of our common stock.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">As noted above under our risk factor titled </font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#8220;We may not continue to meet the GSEs&#8217; private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility,&#8221;</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;although we are currently in compliance with the requirements of the PMIERs, there can be no assurance that we would not seek to issue debt capital or to raise additional equity or equity-linked capital to manage our capital position under the PMIERs or for other purposes. Any future issuance of equity securities may dilute your ownership interest in our company. In addition, the market price of our common stock could decline as a result of sales of a large number of shares or similar securities in the market or the perception that such sales could occur.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">At March 31, 2020, we had outstanding </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$390 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;principal amount of 9% Convertible Junior Subordinated Debentures due in 2063 ("9% Debentures") (of which approximately </font><font style="font-family:Roboto,sans-serif;font-size:9pt;">$133 million</font><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#32;was purchased, and is held, by MGIC, and is eliminated on the consolidated balance sheet). The principal amount of the 9% Debentures is currently convertible, at the holder&#8217;s option, at a conversion rate, which is subject to adjustment, of 74.4718 common shares per $1,000 principal amount of debentures. This represents a conversion price of approximately $13.43 per share. The payment of dividends by our holding company results in an adjustment to the conversion rate and price, with such adjustment generally deferred until the end of the year. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We may redeem the 9% Debentures in whole or in part from time to time, at our option, at a redemption price equal to 100% of the principal amount of the 9% Debentures being redeemed, plus any accrued and unpaid interest, if the closing sale price of our common stock exceeds $17.46 for at least 20 of the 30 trading days preceding notice of the redemption. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We have the right, and may elect, to defer interest payable under the debentures in the future. If a holder elects to convert its debentures, the interest that has been deferred on the debentures being converted is also convertible into shares of our common stock. The conversion rate for such deferred interest is based on the average price that our shares traded at during a 5-day period immediately prior to the election to convert the associated debentures. We may elect to pay cash for some or all of the shares issuable upon a conversion of the debentures. For more information about the 9% Debentures, including additional requirements resulting from the deferral of interest, see Note 7 &#8211; &#8220;Debt&#8221; to our consolidated financial statements in Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2019.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">For a discussion of the dilutive effects of our convertible securities on our earnings per share, see Note&#160;4 &#8211; &#8220;Earnings Per Share&#8221; to our consolidated financial statements in Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2019. As noted above, in the first quarter of 2020 and in 2019, we repurchased shares of our common stock and may do so in the future. In addition, we have in the past purchased, and may in the future purchase, our debt securities. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">The price of our common stock may fluctuate significantly, which may make it difficult for holders to resell common stock when they want or at a price they find attractive.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The market price for our common stock may fluctuate significantly. In addition to the risk factors described herein, the following factors may have an adverse impact on the market price for our common stock: changes in general conditions in the economy, the mortgage insurance industry or the financial markets; announcements by us or our competitors of acquisitions or strategic initiatives; our actual or anticipated quarterly and annual operating results; changes in expectations of future financial performance (including incurred losses on our insurance in force); changes in estimates of securities analysts or rating agencies; actual or anticipated changes in our share repurchase program or dividends;  changes in operating performance or market valuation of companies in the mortgage insurance industry; the addition or departure of key personnel; changes in tax law; and adverse press or news announcements affecting us or the industry.  In addition, ownership by certain types of investors may affect the market price and trading volume of our common stock. For example, ownership in our common stock by investors such as index funds and exchange-traded funds can </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">affect the stock&#8217;s price when those investors must purchase or sell our common stock because the investors have experienced significant cash inflows or outflows, the index to which our common stock belongs has been rebalanced, or our common stock is added to and/or removed from an index (due to changes in our market capitalization, for example). </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">We could be adversely affected if personal information on consumers that we maintain is improperly disclosed, and damage to, or interruption in, our information technology systems may disrupt our operations.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">As part of our business, we maintain large amounts of personal information on consumers. Federal and state laws designed to promote the protection of personal information of consumers require businesses that collect or maintain consumer information to adopt information security programs, notify individuals, and in some jurisdictions, regulatory authorities, of security breaches involving personally identifiable information. Those laws may require free credit monitoring services to be provided to individuals affected by security breaches. While we believe we have appropriate information security policies and systems to 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, result in a loss of business and expose us to material claims for damages.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">We rely on the efficient and uninterrupted operation of complex information technology systems. All information technology systems are potentially vulnerable to damage or interruption from a variety of sources, including through the actions of third parties. Due to our reliance on information technology systems, including ours and those of our customers and third party service providers, their damage or interruption could severely disrupt our operations, which could have a material adverse effect on our business, business prospects and results of operations. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In response to the COVID-19 pandemic, the Company activated its business continuity program by transitioning to a remote worker virtual workforce model with certain essential activities supported by limited staff in controlled office environments. While we continue to maintain our full operations, the virtual workforce model may be more vulnerable to security breaches, damage or disruption.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In addition, we are in the process of upgrading certain of our information systems that have been in place for a number of years and continue to deploy and enhance our risk-based pricing system. The implementation of these technological improvements, as well as their integration with customer and third party systems when applicable, is complex, expensive and time consuming. If we fail to timely and successfully implement and integrate the new technology systems, or if the systems do not operate as expected, it could have an adverse impact on our business, business prospects and results of operations.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Our success depends, in part, on our ability to manage risks in our investment portfolio. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our investment portfolio is an important source of revenue and is our primary source of claims paying resources. Although our investment portfolio consists mostly of highly-rated fixed income investments, our investment portfolio is affected by general economic conditions and tax policy, which may adversely affect the markets for credit and interest-rate-sensitive securities, including the extent and timing of investor participation in these markets, the level and volatility of interest rates and credit spreads and, consequently, the value of our fixed income securities, and as such, we may not achieve our investment objectives. Volatility or lack of liquidity in the markets in which we hold securities has at times reduced the market value of some of our investments, and if this worsens substantially it could have a material adverse effect on our liquidity, financial condition and results of operations. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">For the significant portion of our investment portfolio that is held by MGIC, to receive full capital credit under insurance regulatory requirements and under the PMIERs, we generally are limited to investing in investment grade fixed income securities whose yields reflect their lower credit risk profile. Our investment income depends upon the size of the portfolio and its reinvestment at prevailing interest rates. A prolonged period of low investment yields would have an adverse impact on our investment income as would a decrease in the size of the portfolio. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In addition, we structure our investment portfolio to satisfy our expected liabilities, including claim payments in our mortgage insurance business. If we underestimate our liabilities or improperly structure our investments to meet these liabilities, we could have unexpected losses resulting from the forced liquidation of fixed income investments before their maturity, which could adversely affect our results of operations.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">Pandemics, hurricanes and other natural disasters may impact our incurred losses, the amount and timing of paid claims, our inventory of notices of default and our Minimum Required Assets under PMIERs. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Pandemics and other natural disasters, such as hurricanes, tornadoes, earthquakes, wildfires and floods, or other events related to changing climatic conditions, could trigger an economic downturn in the affected areas, which could result in a decline in our business and an increased claim rate on policies in those areas. Natural disasters, rising sea levels </font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">and increased cost of flood insurance could lead to a decrease in home prices in the affected areas, or in areas with similar risks, which could result in an increase in claim severity on policies in those areas. If we were to attempt to limit our new insurance written in disaster-prone areas, lenders may be unwilling to procure insurance from us anywhere.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Pandemics and other natural disasters could also lead to increased reinsurance rates or reduced availability of reinsurance. This may cause us to retain more risk than we otherwise would retain and could negatively affect our compliance with the financial requirements of the PMIERs. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">The PMIERs require us to maintain significantly more "Minimum Required Assets" for delinquent loans than for performing loans; however, the increase in Minimum Required Assets is not as great for certain delinquent loans in areas that the Federal Emergency Management Agency has declared major disaster areas. An increase in delinquency notices resulting from a pandemic, such as the COVID-19 pandemic, or other natural disaster may result in an increase in "Minimum Required Assets" and a decrease in the level of our excess "Available Assets" which is discussed in our risk factor titled</font><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;">&#32;"We may not continue to meet the GSEs&#8217; private mortgage insurer eligibility requirements and our returns may decrease if we are required to maintain more capital in order to maintain our eligibility."</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;font-style:italic;font-weight:bold;">The Company may be adversely impacted by the transition from LIBOR as a reference rate.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">In 2017, the United Kingdom&#8217;s Financial Conduct Authority, which regulates LIBOR, announced that after 2021 it would no longer compel banks to submit rate quotations required to calculate LIBOR. As a result, it is uncertain whether LIBOR will continue to be quoted after 2021. Efforts are underway to identify and transition to a set of alternative reference rates.  The set of alternative rates includes the Secured Overnight Financing Rate (&#8220;SOFR&#8221;), which the Federal Reserve Bank of New York began publishing in 2018. SOFR is calculated based on different criteria than LIBOR. Accordingly, SOFR and LIBOR may diverge. In addition, SOFR may be subject to direct influence by activities of the Federal Reserve and the Federal Reserve Bank of New York in ways that other rates may not be.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">There is considerable uncertainty as to how the financial services industry will address the discontinuance of LIBOR in financial instruments. Financial instruments indexed to LIBOR could experience disparate outcomes based on their contractual terms, ability to amend those terms, market or product type, legal or regulatory jurisdiction, and other factors. Alternative reference rates that replace LIBOR may not yield the same or similar economic results over the lives of the financial instruments, which could adversely affect the value of and return on these instruments. </font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">While it is not currently possible to determine precisely whether, or to what extent, the replacement of LIBOR would affect us, the implementation of alternative benchmark rates to LIBOR may have an adverse effect on our business, results of operations or financial condition.</font></div><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Our transactions involving financial instruments that reference LIBOR, include:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Buying and selling fixed income securities (as of March 31, 2020, approximately 5.1% of the fair value of our investment portfolio consisted of securities referencing LIBOR).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Insuring adjustable rate mortgages (&#8220;ARMs&#8221;) whose interest is referenced to LIBOR (as of March 31, 2020, approximately $1.0 billion of our risk in force was on ARMs referencing LIBOR). A change in reference rate associated with these loans may affect their principal balance, which may affect our risk-in-force and the amount of Minimum Required Assets we are required to maintain under PMIERs. A change in reference rate may also affect the amount of principal and/or accrued interest we are required to pay in the event of a claim payment.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;">Entering into reinsurance agreements under which our premiums are determined, in part, by the difference between interest payable on the reinsurers&#8217; notes which reference LIBOR and earnings from a pool of securities receiving interest that may reference LIBOR (in the first quarter of 2020, our total premiums on such transactions were approximately $4.7 million).</font></div></td></tr></table><div style="line-height:120%;padding-top:16px;text-align:justify;font-size:9pt;"><font style="font-family:Roboto,sans-serif;font-size:9pt;"><br></font></div><div><br></div><div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div></div>	</div></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>3
<FILENAME>mtg-20200507.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<xsd:schema attributeFormDefault="unqualified" elementFormDefault="qualified" targetNamespace="http://www.mgic.com/20200507" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:mtg="http://www.mgic.com/20200507" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <xsd:import namespace="http://fasb.org/srt-types/2019-01-31" schemaLocation="http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/srt/2019-01-31" schemaLocation="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-gaap/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-roles/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd" />
  <xsd:import namespace="http://fasb.org/us-types/2019-01-31" schemaLocation="http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/arcrole/fact-explanatoryFact" schemaLocation="http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/2009/role/net" schemaLocation="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/non-numeric" schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" />
  <xsd:import namespace="http://www.xbrl.org/dtr/type/numeric" schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" />
  <xsd:import namespace="http://xbrl.org/2005/xbrldt" schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/country/2017-01-31" schemaLocation="https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/currency/2019-01-31" schemaLocation="https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/dei/2019-01-31" schemaLocation="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/exch/2019-01-31" schemaLocation="https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/naics/2017-01-31" schemaLocation="http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/sic/2011-01-31" schemaLocation="http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd" />
  <xsd:import namespace="http://xbrl.sec.gov/stpr/2018-01-31" schemaLocation="https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtg-20200507_cal.xml" xlink:role="http://www.xbrl.org/2003/role/calculationLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtg-20200507_def.xml" xlink:role="http://www.xbrl.org/2003/role/definitionLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtg-20200507_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="mtg-20200507_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:type="simple" />
      <link:roleType id="Cover" roleURI="http://www.mgic.com/role/Cover">
        <link:definition>0001000 - Document - Cover</link:definition>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>4
<FILENAME>mtg-20200507_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.mgic.com/role/Cover" xlink:href="mtg-20200507.xsd#Cover" xlink:type="simple" />
  <link:calculationLink xlink:role="http://www.mgic.com/role/Cover" xlink:type="extended" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>5
<FILENAME>mtg-20200507_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.mgic.com/role/Cover" xlink:href="mtg-20200507.xsd#Cover" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/all" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#all" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-default" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-default" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/dimension-domain" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#dimension-domain" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/domain-member" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#domain-member" xlink:type="simple" />
  <link:arcroleRef arcroleURI="http://xbrl.org/int/dim/arcrole/hypercube-dimension" xlink:href="http://www.xbrl.org/2005/xbrldt-2005.xsd#hypercube-dimension" xlink:type="simple" />
  <link:definitionLink xlink:role="http://www.mgic.com/role/Cover" xlink:type="extended" />
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>6
<FILENAME>mtg-20200507_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple" />
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32_label_en-US" xlink:label="lab_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="lab_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:type="arc" />
    <link:label id="lab_dei_DocumentType_2F227F3325A717794C20E57D625B1833_terseLabel_en-US" xlink:label="lab_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_2F227F3325A717794C20E57D625B1833_label_en-US" xlink:label="lab_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:to="lab_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:type="arc" />
    <link:label id="lab_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:to="lab_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:type="arc" />
    <link:label id="lab_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699_label_en-US" xlink:label="lab_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:to="lab_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:type="arc" />
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:to="lab_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:type="arc" />
    <link:label id="lab_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:label id="lab_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896_label_en-US" xlink:label="lab_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="loc_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:to="lab_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:type="arc" />
    <link:label id="lab_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:label id="lab_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:to="lab_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:type="arc" />
    <link:label id="lab_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:to="lab_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:type="arc" />
    <link:label id="lab_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:to="lab_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:type="arc" />
    <link:label id="lab_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:label id="lab_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:to="lab_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:type="arc" />
    <link:label id="lab_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:to="lab_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:type="arc" />
    <link:label id="lab_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7_label_en-US" xlink:label="lab_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="loc_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:to="lab_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:type="arc" />
    <link:label id="lab_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6_label_en-US" xlink:label="lab_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="loc_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:to="lab_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:type="arc" />
    <link:label id="lab_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of each class</link:label>
    <link:label id="lab_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B_label_en-US" xlink:label="lab_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="loc_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:to="lab_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:type="arc" />
    <link:label id="lab_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5_label_en-US" xlink:label="lab_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:to="lab_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:type="arc" />
    <link:label id="lab_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032_label_en-US" xlink:label="lab_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="loc_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:to="lab_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:type="arc" />
    <link:label id="lab_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E_terseLabel_en-US" xlink:label="lab_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:label id="lab_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E_label_en-US" xlink:label="lab_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="loc_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:to="lab_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:type="arc" />
    <link:label id="lab_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC_terseLabel_en-US" xlink:label="lab_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:label id="lab_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC_label_en-US" xlink:label="lab_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="loc_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:to="lab_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:type="arc" />
    <link:label id="lab_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B_terseLabel_en-US" xlink:label="lab_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B_label_en-US" xlink:label="lab_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:to="lab_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:type="arc" />
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7_terseLabel_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:label id="lab_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7_label_en-US" xlink:label="lab_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:to="lab_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:type="arc" />
    <link:label id="lab_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:to="lab_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:type="arc" />
    <link:label id="lab_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:to="lab_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:type="arc" />
    <link:label id="lab_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D_label_en-US" xlink:label="lab_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:type="locator" />
    <link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:to="lab_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:type="arc" />
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>7
<FILENAME>mtg-20200507_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII"?>
<!--XBRL Document Created with Wdesk from Workiva-->
<!-- -->
<link:linkbase xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <link:roleRef roleURI="http://www.mgic.com/role/Cover" xlink:href="mtg-20200507.xsd#Cover" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" xlink:type="simple" />
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" xlink:type="simple" />
  <link:presentationLink xlink:role="http://www.mgic.com/role/Cover" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:type="locator" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:type="locator" />
    <link:presentationArc order="1" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_DocumentType_2F227F3325A717794C20E57D625B1833" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:type="locator" />
    <link:presentationArc order="2" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_DocumentPeriodEndDate_5E5AC08D0670CA559F79E57D625BCA8D" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:type="locator" />
    <link:presentationArc order="3" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityRegistrantName_745E6613FFD143242744E57D625B1699" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:type="locator" />
    <link:presentationArc order="4" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityIncorporationStateCountryCode_C4E0C95CFBA6C43141B0E57D625BB262" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="loc_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:type="locator" />
    <link:presentationArc order="5" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityFileNumber_D36D484128D3ECF5254BE57D625B8896" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:type="locator" />
    <link:presentationArc order="6" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityTaxIdentificationNumber_FD493B337A5E9C51D7A3E57D625BB2B8" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:type="locator" />
    <link:presentationArc order="7" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityAddressAddressLine1_ED4E85769CC9DDA55286E57D625BE03C" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:type="locator" />
    <link:presentationArc order="8" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityAddressCityOrTown_D996B51BDCC3456503E9E57D625B01A2" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:type="locator" />
    <link:presentationArc order="9" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityAddressStateOrProvince_9B76980852F5EE0EBFF7E57D625B1896" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:type="locator" />
    <link:presentationArc order="10" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityAddressPostalZipCode_95FB102049199B7341DAE57D625B3CB8" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="loc_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:type="locator" />
    <link:presentationArc order="11" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_CityAreaCode_DBA01A808FE315934426E57D625B3DD7" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="loc_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:type="locator" />
    <link:presentationArc order="12" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_LocalPhoneNumber_AF2ACD250A2CF0DDD286E57D625BF9C6" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_Security12bTitle" xlink:label="loc_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:type="locator" />
    <link:presentationArc order="13" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_Security12bTitle_910228CE8B74CDF402B3E57D625B744B" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_TradingSymbol" xlink:label="loc_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:type="locator" />
    <link:presentationArc order="14" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_TradingSymbol_03C85574BC909F6A3F7AE57D625B9ED5" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SecurityExchangeName" xlink:label="loc_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:type="locator" />
    <link:presentationArc order="15" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_SecurityExchangeName_66133F90052F028254CCE57D625BD032" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_WrittenCommunications" xlink:label="loc_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:type="locator" />
    <link:presentationArc order="16" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_WrittenCommunications_635A8478E941F83ECC8AE57D625B507E" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_SolicitingMaterial" xlink:label="loc_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:type="locator" />
    <link:presentationArc order="17" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_SolicitingMaterial_6B1ECB3BABF547DBE36EE57D625BCFEC" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:type="locator" />
    <link:presentationArc order="18" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_PreCommencementTenderOffer_D85D8BA6E6D5B8C004F9E57D626AC81B" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:type="locator" />
    <link:presentationArc order="19" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_PreCommencementIssuerTenderOffer_92690870F260FE33B2C0E57D626AB0D7" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:type="locator" />
    <link:presentationArc order="20" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityEmergingGrowthCompany_68552BD046F5B6113EA0E57D626AED54" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:type="locator" />
    <link:presentationArc order="21" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_EntityCentralIndexKey_2F49C1F433ED37A5EC43E57D626A4602" xlink:type="arc" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:type="locator" />
    <link:presentationArc order="22" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_AC8219FD5ADA6345C0ABE57D625BFB32" xlink:to="loc_dei_AmendmentFlag_C7261796127253A5BE80E57D626A7B1D" xlink:type="arc" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>mgiclogoa07.jpg
<DESCRIPTION>MGIC LOGO
<TEXT>
begin 644 mgiclogoa07.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !4 .L# 1$  A$! Q$!_\0
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MX?E1JJT4$FC[.72IG4GB,@3YK(>MN-1U79Q*ANE3J2$,@^Y:@O\ 8I5<IMU
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MB9B"\?M=@L4QQM;X96X](7R+"TCG)  YDCU)KOIK='3O$F22EM5=)*IACV0
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6(10A%"$4(10A%"$4(10A%"$4(7__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>10
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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MMWF\81AU8\K(XK%T-8943OTJDH\ Q:X831F:3LTXXFBD(3^ G/,6+V2?$9/
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M_O"["+M@[,[^8^.SH.S@UUW(+U!+ P04    " ")B*=0F5R<(Q &  "<)P
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M5<N(A,4G<7<IV[Y:/9KGP]]02P,$%     @ B8BG4+JA.8K7 0  ,@8   T
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M8U!R;W!S+V%P<"YX;6Q02P$"% ,4    " ")B*=09*U(V>X    K @  $0
M            @ &9 0  9&]C4')O<',O8V]R92YX;6Q02P$"% ,4    " ")
MB*=0F5R<(Q &  "<)P  $P              @ &V @  >&PO=&AE;64O=&AE
M;64Q+GAM;%!+ 0(4 Q0    ( (F(IU!E.N)SH0(  )@+   8
M  "  ?<(  !X;"]W;W)K<VAE971S+W-H965T,2YX;6Q02P$"% ,4    " ")
MB*=0V!RYIDX"  #5!0  %               @ '."P  >&PO<VAA<F5D4W1R
M:6YG<RYX;6Q02P$"% ,4    " ")B*=0NJ$YBM<!   R!@  #0
M    @ %.#@  >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0    ( (F(IU P _>^-P$
M "("   /              "  5 0  !X;"]W;W)K8F]O:RYX;6Q02P$"% ,4
M    " ")B*=0_\ F"+T   "% @  &@              @ &T$0  >&PO7W)E
M;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4    " ")B*=0"X_8 R$!  !7
M!   $P              @ &I$@  6T-O;G1E;G1?5'EP97-=+GAM;%!+!08
1    "@ * ( "  #[$P     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.20.1</span><table class="report" border="0" cellspacing="2" id="idp6607593360">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>May 07, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">May  07,  2020<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">MGIC Investment Corporation<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">WI<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">1-10816<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">39-1486475<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">250 E. Kilbourn Avenue<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Milwaukee,<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">WI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">53202<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">&#160;(414)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">347-6480<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of each class</a></td>
<td class="text">Common stock<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">MTG<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NYSE<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000876437<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.20.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>95</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="a0331208k-covererq12020.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>0001000 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.mgic.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="a0331208k-covererq12020.htm">a0331208k-covererq12020.htm</File>
    <File>a033120exhibit99.htm</File>
    <File>mtg-20200507.xsd</File>
    <File>mtg-20200507_cal.xml</File>
    <File>mtg-20200507_def.xml</File>
    <File>mtg-20200507_lab.xml</File>
    <File>mtg-20200507_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy>http://xbrl.sec.gov/dei/2019-01-31</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>true</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>a0331208k-covererq12020_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2019-01-31"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="mtg-20200507.xsd" xlink:type="simple"/>
    <context id="D2020Q2May07-May07">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0000876437</identifier>
        </entity>
        <period>
            <startDate>2020-05-07</startDate>
            <endDate>2020-05-07</endDate>
        </period>
    </context>
    <dei:AmendmentFlag
      contextRef="D2020Q2May07-May07"
      id="Fact-BA23AA3C2C0855DF92EE930993F9B6A8-wk-Fact-BA23AA3C2C0855DF92EE930993F9B6A8">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey
      contextRef="D2020Q2May07-May07"
      id="Fact-0EF03D495C20575688C8A10401F72CD3-wk-Fact-0EF03D495C20575688C8A10401F72CD3">0000876437</dei:EntityCentralIndexKey>
    <dei:DocumentType
      contextRef="D2020Q2May07-May07"
      id="d16876441e80-wk-Fact-523B9B8F5E3E5410B260A3F687653E2F">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate
      contextRef="D2020Q2May07-May07"
      id="d16876441e130-wk-Fact-B2BABA2280195562A5325F53ABDC728F">2020-05-07</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName
      contextRef="D2020Q2May07-May07"
      id="d16876441e133-wk-Fact-0F5F6264C6D95EAB8631FC64EE137199">MGIC Investment Corporation</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode
      contextRef="D2020Q2May07-May07"
      id="d16876441e159-wk-Fact-1256C692A57A5764AFCC1878953CA7BE">WI</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber
      contextRef="D2020Q2May07-May07"
      id="d16876441e164-wk-Fact-C19D2D6B1D24578AB377BEDED077B7DE">1-10816</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber
      contextRef="D2020Q2May07-May07"
      id="d16876441e174-wk-Fact-4419AD694B9D5106A71516C72D0DB92B">39-1486475</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1
      contextRef="D2020Q2May07-May07"
      id="d16876441e231-wk-Fact-7B2D3B136C4D5690A60EA7559317FFA5">250 E. Kilbourn Avenue</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown
      contextRef="D2020Q2May07-May07"
      id="d16876441e236-wk-Fact-999BB5FE7B5450C994762AD461CC666F">Milwaukee,</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince
      contextRef="D2020Q2May07-May07"
      id="d16876441e241-wk-Fact-BACCBB1C78165131A908756D83C9DC4A">WI</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode
      contextRef="D2020Q2May07-May07"
      id="d16876441e246-wk-Fact-08880DBD3ADF59E1897FDB220490FEBE">53202</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode
      contextRef="D2020Q2May07-May07"
      id="d16876441e294-wk-Fact-36A1BBEE5B595859893DD1EDF883232E">&#160;(414)</dei:CityAreaCode>
    <dei:LocalPhoneNumber
      contextRef="D2020Q2May07-May07"
      id="d16876441e299-wk-Fact-77EFD3858435587EAF248D34CD1D5EBF">347-6480</dei:LocalPhoneNumber>
    <dei:Security12bTitle
      contextRef="D2020Q2May07-May07"
      id="d16876441e391-wk-Fact-EF6D92BBA0AF504D9156ED36951773B4">Common stock</dei:Security12bTitle>
    <dei:TradingSymbol
      contextRef="D2020Q2May07-May07"
      id="d16876441e401-wk-Fact-5D2CFAF9E62F55E6A3FBF4399203E6F7">MTG</dei:TradingSymbol>
    <dei:SecurityExchangeName
      contextRef="D2020Q2May07-May07"
      id="d16876441e411-wk-Fact-B6568FCA4E055819A46711D0E5B74018">NYSE</dei:SecurityExchangeName>
    <dei:WrittenCommunications
      contextRef="D2020Q2May07-May07"
      id="d16876441e417-wk-Fact-19D06D95651457BFA998DF1749D5604C">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial
      contextRef="D2020Q2May07-May07"
      id="d16876441e423-wk-Fact-D10F8DF15ED6537199240B3D5964D830">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer
      contextRef="D2020Q2May07-May07"
      id="d16876441e429-wk-Fact-DFEB8C25603A5E4D827F046CAFF40770">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer
      contextRef="D2020Q2May07-May07"
      id="d16876441e435-wk-Fact-3760DCC752985449A06FE9C336160289">false</dei:PreCommencementIssuerTenderOffer>
    <dei:EntityEmergingGrowthCompany
      contextRef="D2020Q2May07-May07"
      id="d16876441e460-wk-Fact-110F919186E150FBA1399FEA0E79FD40">false</dei:EntityEmergingGrowthCompany>
    <dei:DocumentPeriodEndDate
      contextRef="D2020Q2May07-May07"
      id="d16876441e474-wk-Fact-B2BABA2280195562A5325F53ABDC728F">2020-05-07</dei:DocumentPeriodEndDate>
    <dei:DocumentPeriodEndDate
      contextRef="D2020Q2May07-May07"
      id="d16876441e489-wk-Fact-B2BABA2280195562A5325F53ABDC728F">2020-05-07</dei:DocumentPeriodEndDate>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0000876437-20-000022-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0000876437-20-000022-xbrl.zip
M4$L#!!0    ( (F(IU )+KTR]!<  )W!   ;    83 S,S$R,#AK+6-O=F5R
M97)Q,3(P,C N:'1M[3WY<]O&>C\G?\56F:;.C$GB/F19;T <?JICR964E[1]
MG0X(+,F-00 !0$GL7]]O 9 $Q5V0.DU)]-B6R&^O[SYVL3CZV\TD0E<XRTD2
M?SP0N\(!PG&0A"0>?3SX[=+K& =_._[QZ%\ZG3_ZY[\B)PFF$QP7R,ZP7^ 0
M79-BC'X/<?X-#;-D@GY/LF_DRN]TJD[IH:#V^Y*B"ZIJZ*IN&89I2(:G&*+H
MZ;(NN^]O#B73'.J". P#9:A(OC88F*$FA"'6L"E*OC$?;#E[4,\^S6&=]?1H
MT<Q.TEE&1N,"28(DS)=4P<<%X LXQ_G'@W%1I(>]WO7U=?=:[B;9J">:IMF[
MH6T.JD:'>3#&84(Z0QS&28$7G89^/BB[A"3OW6K4DP31[ AB1Q;GPPSS#HD+
MG.&\8 _1:,#HG@_3#ADDZUWS8M*K@9QN>5NWG-V-!)V\"!?=;@99U,UQT!TE
M5[T:2+N)M[H5:=;2KX;._]$!C-4!@FF6@?#-.L!B_D"W6S$0B+#/IC( &,V#
M8A"QVU,(H\-HZF?L#A3"Z)!-V<VS*8O\E%)^%+70$:#S?PPZ I8Y%_^<(R=!
ME.$622G!C*[$3PA[+@IAS05Z0F+&^LJ9*B"+1\DT+K)-HK':B ZC,X=I[<[H
M5FIGSA&J&LA8=.R3(&?/58)8"PPX-@8 +/+'5QSJQU>\!;73<*4)8X%YMMIY
MR;^,IXZER-(1VX6Z;M$BV(MF[5:F;M%B:>8&FQ"?P]1F"P9*T[SC9T&61)@A
MR0T@HVL8!&G"F;6"<;0F'S T;:XU &0O<^3[Z0KAF\N< UDS!L-.SF(SG;"$
ML;04!U'@1X',LZ<+.(LPF+1+2:,!LWN:X8"&!2N>O1R!SB\)@MFK^=);-EY5
M#>[<"S!#)3*.RF8LC:5J4LQ2EMPL0(QNDV*T@M9D1()ND$QZ-,015$%?+@:&
MXJVGH@/#B 0,TU^;D8!E]E><,)=HMUNU#;39W[.-R\H<P-8M5@*M& /Y&8<&
M & TQS?!F#T7A3 Z)$$ZY+CE$M2"6SM.7#N_P<;S[3O37-0 IF\.R9" -D$.
MT4G]C!'BKC5A:P9SUE9=%UN4G:/I0(4.3V4K&#=L82UP$;:P%HHG?W(<-(6P
MYH$%Y-,T#?CK*\&LN?Z:DF+&F:V$L73_AD= 40;MCTB,:>*W7!YO72RY &,[
MX#@""F+A$/(L$84P.O!2,F861AU(JW=ARS<$> .&)ZQCOP'+*HUY:(R96-!A
M^(GA@"59X+WYX0<W]N"D+2$K:<$\@XB9!K$9?/,]PFHCEOVI Z\D":[;0S/:
M@A.#\*,/5G*6<I@+ &9@5$V?3R?C).)TO=6H)522VB,EB>5)BG%$?(YFU4".
M"<.C"=^$ ; -WW&2%5M@/&_&7@%W=I:TDC$O3@8(4[]Y6D0A+;AM1HN#43R=
ML.UG6&0]&LOUH 7.2##O< ,6]1N_]$2AMX/WVPG/6@#/+X0,.&YDP/(?M++3
MGJ4M&S#*/S3L:4_.FBU8>AAP5@L 5G.>UC(E;YAVID%KA:,$L\S@E%/@  #;
MQW#]"ROJ3-F#^ZP0E2IIADE+%$*A;/\R25CA5>UA*) 3C,"(K&K-,EABUVO6
MQ+P9FLD]"A[X.6[.%,3AD' <U!+.#!PYG5B-%YG YJR%GQB'W*)J!62S8#B.
M.$:[!K)CJ)0?0Z6L+O,TF:N'C0;LP(*3G\XA'*(P:U%SHK#K414D)!G#SB][
M4CC+N.7)<,BQ;Q3$2=K:;5RS!<OU<FQ!2ZFS!;L%G-&9KHJT:!"H7>'' ;[M
MRI(B'[>[,MJ"8R+Y<ET!60+*,=I,FQTG\18>$U+$6UX31#T?<"QE!6.&#WF2
M<DQ7!6-Y%3S$5/LQE_1U7KEHN%@C-_?E9KRU ^=Z=D[YB!/W+T MP?G&TCF[
M*!#C8A,]H,F:5F]0:A;YHYB7=90@5@;(87'!HL,\9&J-I]AV<5D8WU DY.<V
M(#-<,FI4HE9\3!O]V-2CAKW5ZG,PXQBUF&G4P!/S8XDYE.4 R?"*ET53$#O1
M 1V[X2C^',KQ*ZP2SYQ\[!(/K/WJ+SY>5W]QZS6,I&I9K6$E5:6;:0^4V;SB
M!4CLP&B, U[&14$L+B4!+TP$"-/),1Q Y=V820;=.FB+GMA;TB0."O^&@WH)
M8W1*4TYQ"  M-G)C\8*MW.0&(BH<K"CXO.>RD-8K,C_.ATDV*6NA=!RU(Q@K
MRX@YCJYJSLG:6C?L&]&>N+9JMDG:M&2I(VF-V):;)%0PE@KP?#-F.F:ZL\=!
M$"",/3[BCWB;&@!AB8O/*9X"@$UX+L$9A"X(+SZ80UC988 YX16%M/@W3 7U
M:T)B3C&?W8[E&SC6@%GMSEEEZU*QV05K:N;:(W'VHDC(BG]*UH;L]*0JF[=F
MLA6<HV&M-1%V/>0F8BM6&;W_\6NCT)/A4<+Q<26($ZP'$>\4105DFCA.^:_:
M2637&]JJ#>R,=81Y)JR$M25FW!V\9@N6G.+1AJW?.DH=-;>",*^TPW*-=+BP
M6%U=/;K:JX 'QS_^<#3&?@@_?SB:X,)'M'6';K] <FPG<4%1N(0TYP %U:>/
M!P6^*7K5H;->V;$@182/YZ?=CGK59QBZ5X]]-$C"V?%12*Y07LPB8-$0!NL,
M_0F)9H>79()S=(JOT7DR\>,/)2PG_X</12$M/L BFST!WS3R9S0WPP?'1^3F
MD$Z"L^I7$H8X+G\%^&F5E54KORG.:3CKT WH_Y"^^#-![Y3_'Z#8G]"!,3FT
M (&0(N%%_N@ $6"0YP=%IV])LF7)MF0+AJHZGBFYKBD+IBE[9E^SC,[UM\Y6
M#0]0Y9@^'H G.QPDP&0_'OI1#KB4/XYZ*VN_/RIN#&R8V=1B^M%)'.*;SWC6
M0$EP/4%V%%.U)4'55<TP;,,2!440/5VR'7F!TJ:&!\<"_#%T39'UM=7W5IFR
MR$+SXR-:4RO+ !,?T$%E+?EP7.8<DV+4F1\4Z-[D5/Y+*,VW/Q[D9))&E/>]
MU2&JV9I3E!_S9)J5G\H2Q6%-P9(0# J6 EVUQ"4%Z1?S;\!<PW=#@C-4SHJ9
MT9-]\GF5)K<[EW/T;D]2SY$"X9*P.6M>@+=UP X<T^5V!(AF%H,N88T.(,.<
MYG-(8P&+^>9?U 2:4W-!OEY#U<#J7)7Z?'SDEY3,9=,V!%64^Z8GJ*9B]@7/
M4377E41;,!W#INSR5SHV=)J&;ITQIF=@#T5)^-=U$W"4IW[,,AXDAJR*%(P>
M@ZP'\]%^\VD;DU? C>M(_9 >+>X,DJ)()G3HF\5W19)67U!J@5,EH_@PP/10
M[ <:6'?@VPSTYQ RJHF?S9HKE-IQ.D]@ON1]#F$LC)21X7K?WTY/+ET'75Q:
ME^[%*I9/@,^C+OW"M7\[/[D\<2^0=>H@]P_[[];I)Q?99U^^G%Q<G)R=/B<^
M&\2K%9^J[^_6Q=]/3C]=GIV^1T[7[B(PDXKYG#AH#\"AZNN=G7]!\R57_Z_Z
M':KCH:A1BZ:(V! 6WD&50.7[AJ>ZLJLJHM"7-,&2/=I2E5W):[JD>830B"?X
MKNQ!^!B=SPL&W/9(2R3O.3AZ6?H&VG;NGEZB<_?KV?GE,Z[=O/_2JZY?IUD^
M]>,"%0FZP '-YG_^2=2$#Z*,D@R)ZKOP%Y0,43'&%#X%/T @DG0A]/;C$496
M4%"P:,K*'.T&PG-<(CPL#A>XD)BZZ?)SDR(QC=JB=?P!O\(?1!@%.(IJZ,<#
MX:#\#%,&\\]WCWO!:8P@U2Z7YT^+9/Y%^:A(]<TU"8LQM 9N#9(,/',G2*+(
M3W-\./^ER2$Z5+EB\.!%" I(5PBICTR=<Q'2_[(%M%YP-84*,\P;W89I?)"B
M+&&,L:]P5I# C^KE58+V884OTBVA:WZN!;/Y544;J6),@]>WB?"(0EI)Y*U
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MC_QL]<YLYOTP_S!(PMGQCT>]<3&)CO\?4$L#!!0    ( (F(IU!=:JSY[]L
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MD]XY5QB$K2(X_081ZS6]9N0+T)0Z ->^ VH#';+5:+?"8^'*!^)3:ZR1RB7
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MH;382WS+J,[Q LV,CJ9O.Q!M#];*E\U<O;%"_DN-RJ4T5$&7T\JY(GI"YU9
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M,;FC/M&K#7(UYP\6/YI8GA^0?T)X--P7[D9,W=1%Z_6JN?BEJ1N=(FFLQHD
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M?$[XKF25RB&7!<SQA&LLB3'_27S7ML;D%UW\ETM?)$+P$7,"YN6:/\Z7;@O
M^%T!PJCO 1$[TS]7M]%!=2LM'QKRO1GR^"EB5?#)(_9IY?\PD/2(E;4CPA\;
MMNOO&!IOZ [$C12XV;"_!'&#N'D6-QO*1B%N$#?/X@9=&+7E4[4N]/=X0T._
M?\:3'9AM.?^$0 ]RX=HV.7.].^J-X9M?>&[T5Q=NA$!'65%6E!5E15E15I05
M946G.5NG69?>:SYFUY;CP,.3'G/?N85_7.]^WV4%\J_K5=,UW2Q8V0JT*@7
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MN8M<0"[DQX4Z%D=$+B 7Q*5FH;B@>"A>EK*("O#FUU_:IF&FL6<XCN X@GQ
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MP0"B<L8O8XVL13.7Y;5J.0]GUPUA=1[+K'E'*U!4UV535W).Q./$WQC!%K>
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MJ6R:VC^V6G:F00[Y&D$W*,Y-_-X[8A'D6M#3)'BH#S0:*D^5$E<F(1")O"J
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M(Y2@.3P,2T?8I+X0E BFDI\9B4TX'^,BA]IC^_" # ]E^):GY;WH<O"SM3W
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M*(QL"00=RRU3%]#'(9./*Z/S=0,.GP(W:W,8[A"W:">=JX!Q_=&E0C+C8D*
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M*Z6G9E7\D>N>(;!@*.1,S27WX '&3.JKZ=$3SNF0?F<$CJE>\ET7Q7M#S1J
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M^D]#NI4<PQP+_TNWV$QHHID04)GN4&UT3E.ZT#]\HR9;LNS,CIA@*020Q)Y
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M^TDQ?T7(F?3#0B&/!MPA>=ILS83"2FZX.U5J[=8C]"N/17"%JSX8V0^F5QW
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M>".%&PFR]7Z?K<$O6'CSKH&6N>7S.<">>O_)J*>Q!_7"F/1UGC24I\8NW*-
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M*$%45*4RTQWH++P--58#&[W0[=6P.WS"OXTUL)8OMK2CAOD3O*K,Y<$6L^9
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MA]]]8.^013V:A-XGS1\RT_Q_V0\7=;[YT__]_WY^M5XN_O3_ U!+ P04
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M&ZB=FQ.G1XL+U4?U_Y[3H_\ 4$L! A0#%     @ B8BG4 DNO3+T%P  G<$
M !L              ( !     &$P,S,Q,C X:RUC;W9E<F5R<3$R,#(P+FAT
M;5!+ 0(4 Q0    ( (F(IU!=:JSY[]L  #'G#0 4              "  2T8
M  !A,#,S,3(P97AH:6)I=#DY+FAT;5!+ 0(4 Q0    ( (F(IU#2A&U"-@,
M #X1   0              "  4[T  !M=&<M,C R,# U,#<N>'-D4$L! A0#
M%     @ B8BG4%QM*4PS 0  5P(  !0              ( !LO<  &UT9RTR
M,#(P,#4P-U]C86PN>&UL4$L! A0#%     @ B8BG4'@('16: 0  J04  !0
M             ( !%_D  &UT9RTR,#(P,#4P-U]D968N>&UL4$L! A0#%
M  @ B8BG4-K =Y"'"0  'V8  !0              ( !X_H  &UT9RTR,#(P
M,#4P-U]L86(N>&UL4$L! A0#%     @ B8BG4"I9IEQ'!@  \S0  !0
M         ( !G 0! &UT9RTR,#(P,#4P-U]P<F4N>&UL4$L%!@     '  <
*T0$  !4+ 0    $!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>17
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "a0331208k-covererq12020.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "contextCount": 1,
   "dts": {
    "calculationLink": {
     "local": [
      "mtg-20200507_cal.xml"
     ]
    },
    "definitionLink": {
     "local": [
      "mtg-20200507_def.xml"
     ],
     "remote": [
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-eedm-def-2019-01-31.xml",
      "http://xbrl.fasb.org/srt/2019/elts/srt-eedm1-def-2019-01-31.xml"
     ]
    },
    "inline": {
     "local": [
      "a0331208k-covererq12020.htm"
     ]
    },
    "labelLink": {
     "local": [
      "mtg-20200507_lab.xml"
     ],
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "mtg-20200507_pre.xml"
     ]
    },
    "referenceLink": {
     "remote": [
      "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml"
     ]
    },
    "schema": {
     "local": [
      "mtg-20200507.xsd"
     ],
     "remote": [
      "http://xbrl.fasb.org/srt/2019/elts/srt-types-2019-01-31.xsd",
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-roles-2019-01-31.xsd",
      "http://xbrl.fasb.org/srt/2019/elts/srt-roles-2019-01-31.xsd",
      "https://xbrl.sec.gov/country/2017/country-2017-01-31.xsd",
      "http://xbrl.fasb.org/us-gaap/2019/elts/us-types-2019-01-31.xsd",
      "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://xbrl.sec.gov/currency/2019/currency-2019-01-31.xsd",
      "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd",
      "https://xbrl.sec.gov/exch/2019/exch-2019-01-31.xsd",
      "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd",
      "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd",
      "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd",
      "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd"
     ]
    }
   },
   "elementCount": 23,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2019-01-31": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 95,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "mtg",
   "nsuri": "http://www.mgic.com/20200507",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "a0331208k-covererq12020.htm",
      "contextRef": "D2020Q2May07-May07",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "0001000 - Document - Cover",
     "role": "http://www.mgic.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "a0331208k-covererq12020.htm",
      "contextRef": "D2020Q2May07-May07",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code",
        "terseLabel": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer",
        "terseLabel": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer",
        "terseLabel": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security",
        "terseLabel": "Title of each class"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-US": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2019-01-31",
     "presentation": [
      "http://www.mgic.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12"
  },
  "r5": {
   "Name": "Regulation 12B",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425"
  }
 },
 "version": "2.1"
}
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
