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Nature of Business and Basis of Presentation (Details) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2013
Jun. 30, 2013
Nature of Business and Basis of Presentation [Abstract]        
Shortfall in available assets under PMIERs $ 230,000,000mtg_ShortfallInAvailableAssetsUnderPMIERs      
Assets of regulated insurance affiliates of MGIC 45,000,000mtg_TransferOfAssets      
Holding company cash and investments 494,000,000mtg_HoldingCompanyCashAndInvestments      
PMIERs tables expected review period 2 years      
Notice period for updates to PMIERs tables 180 days      
(Increase) decrease in restricted cash $ 17,212,000us-gaap_IncreaseDecreaseInRestrictedCash $ (4,000)us-gaap_IncreaseDecreaseInRestrictedCash $ 42,900,000us-gaap_IncreaseDecreaseInRestrictedCash $ (60,300,000)us-gaap_IncreaseDecreaseInRestrictedCash