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MGIC Investment Corporation (MTG)

NYSE - NYSE Delayed price. Currency in USD
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22.83+0.42 (+1.87%)
At close: 04:00PM EDT
22.75 -0.08 (-0.35%)
After hours: 04:07PM EDT

MGIC Investment Corporation

MGIC Plaza
250 East Kilbourn Avenue
Milwaukee, WI 53202
United States
414 347 6480
https://mtg.mgic.com

Sector(s)Financial Services
IndustryInsurance - Specialty
Full-time employees627

Key executives

NameTitlePayExercisedYear born
Mr. Timothy James MattkeCEO & Director2.74MN/A1976
Mr. Salvatore Antonino MiosiPresident & COO1.9MN/A1968
Mr. Nathaniel Howe ColsonExecutive VP, CFO & Chief Risk Officer1.15MN/A1984
Ms. Paula Christine MaggioExecutive VP, General Counsel & Secretary1.36MN/A1969
Ms. Julie Kay SperberVP, Controller & Chief Accounting OfficerN/AN/A1974
Ms. Dianna L. HigginsSenior Vice President of Investor RelationsN/AN/AN/A
Mr. Danny Garcia-VelezSenior Vice President of Sales & Business DevelopmentN/AN/AN/A
Ms. Annette M. AdamsSenior VP & Chief Human Resources Officer of MGICN/AN/AN/A
Mr. Robert J. CandelmoSenior VP & Chief Information Officer of MGICN/AN/A1964
Mr. Michael E. JacobsonSenior Vice President of Business Intelligence & Product StrategyN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

Corporate governance

MGIC Investment Corporation’s ISS governance QualityScore as of 1 July 2024 is 1. The pillar scores are Audit: 2; Board: 3; Shareholder rights: 1; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.