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    MGIC Investment Corp. (MTG)

    9.44 Up 0.31(3.40%) 4:01PM EST
    |After Hours : 9.44 0.00 (0.00%) 4:37PM EST
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    MGIC Investment Corp.
    MGIC Plaza
    250 East Kilbourn Avenue
    Milwaukee, WI 53202
    United States - Map
    Phone: 414-347-6480
    Website: http://mtg.mgic.com

    Index Membership:N/A
    Industry:Property & Casualty Insurance
    Full Time Employees:N/A

    Business Summary 

    MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance coverage 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; pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage; and bulk transactions, in which the individual loans in the insured portfolio are insured to specified levels of coverage. It also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. In addition, the company provides contract underwriting and related services; and various mortgage services, such as analysis of loan originations, loan portfolios, and servicing portfolios, as well as training and mortgage lead generation. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

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    Corporate Governance 
    MGIC Investment Corp.’s ISS Governance QuickScore as of Feb 1, 2015 is 3. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 1; Compensation: 10.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Curt S. Culver , 62
    Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of Mortgage Guaranty Insurance Corp. and Chief Exec. Officer of Mortgage Guaranty Insurance Corp.
    Mr. Patrick Sinks , 58
    Pres, Chief Operating Officer and Director
    Mr. Jeffrey H. Lane , 65
    Exec. VP, Gen. Counsel and Sec.
    Mr. Lawrence J. Pierzchalski , 62
    Exec. VP of Risk Management
    Mr. Timothy J. Mattke , 39
    Chief Financial Officer and Exec. VP
    Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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