In 2020, our total revenues were $1.2 billion and our primary NIW was $112.1 billion. Positioned employees to continue to succeed and provide continuing high service levels. The impact of the Plan on private mortgage insurance is unclear. The timing and impact on our business of any resulting changes is uncertain. MGIC is in compliance with the PMIERs and eligible to insure loans purchased by the GSEs. As a result, such modifications or new loans are not included in our NIW. Premium rates cannot be changed after the issuance of coverage. The SMOC seeks to maintain an enterprise-wide view of risk. Risk Identification and Assessment. Delinquencies that are not cured result in a claim to us. Wells Fargo & Company39,018 9. Met Life Global Funding37,748 10. We refer to these requirements as the "State Capital Requirements." Our actual results could be affected by the risk factors below. We believe substantially all of the reported forbearance plans are COVID-19-related. Approximately 20% of our NIW in 2020 was on loans with DTI ratios greater than 43%. In addition, we continue to further automate our underwriting processes. This represents a conversion price of approximately $13.23 per share.
