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MGIC Investment Corp. (MTG)

-NYSE

6.03 Down 0.10(1.63%) May 24, 4:01PM EDT|After Hours : 6.06 Up 0.03 (0.50%) May 24, 7:52PM EDT

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MGIC Investment Corp.
MGIC Plaza
250 East Kilbourn Avenue
Milwaukee, WI 53202
United States - Map
Phone: 414-347-6480
Fax: 414-347-6696
Website: http://www.mgic.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Property & Casualty Insurance
Full Time Employees:877

Business Summary 

MGIC Investment Corporation, through its subsidiaries, provides mortgage insurance 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 loan origination and portfolio analytics, mortgage lead generation, and secondary marketing of mortgages. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, and mortgage bankers. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin.

Key Statistics


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Corporate Governance 
MGIC Investment Corp.’s ISS Governance QuickScore as of May 1, 2013 is 10. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 6; Compensation: 10.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. Curt S. Culver , 60
Exec. Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of MGIC and Chief Exec. Officer of MGIC
1.39M0.00
Mr. Patrick Sinks , 56
Pres, Chief Operating Officer, Pres of Mortgage Guaranty Insurance Corp. and Chief Operating Officer of Mortgage Guaranty Insurance Corp.
792.00K0.00
Mr. J. Michael Lauer , 68
Chief Financial Officer, Exec. VP, Chief Financial Officer of Mortgage Guaranty Insurance Corp. and Exec. VP of Mortgage Guaranty Insurance Corp.
714.00K0.00
Mr. Jeffrey H. Lane , 63
Exec. VP, Sec., Gen. Counsel, Exec. VP of Mortgage Guaranty Insurance Corp, Sec. of Mortgage Guaranty Insurance Corp and Gen. Counsel of Mortgage Guaranty Insurance Corp
938.00K0.00
Mr. Lawrence J. Pierzchalski , 60
Exec. VP of Risk Management - Mortgage Garuanty Insurance Corp.
653.00K0.00
Amounts are as of Dec 30, 2012 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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