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    MGIC Investment Corp. (MTG)

    10.76 Down 0.09(0.83%) Jun 1, 4:02PM EDT
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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:800

    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 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; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage. It also provides contract underwriting services; and other services, such as analysis of loan originations, loan portfolios, and servicing portfolios, as well as training and mortgage lead generation services. In addition, the company participates in external reinsurance arrangements and captive mortgage reinsurance arrangements. 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.

    Key Statistics

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    Corporate Governance 
    MGIC Investment Corp.’s ISS Governance QuickScore as of May 1, 2015 is 1. The pillar scores are Audit: 1; Board: 3; Shareholder Rights: 1; Compensation: 4.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Patrick Sinks , 58
    Chief Exec. Officer, Pres and Director
    Mr. Timothy J. Mattke , 39
    Chief Financial Officer and Exec. VP
    Mr. Jeffrey H. Lane , 65
    Exec. VP, Gen. Counsel and Sec.
    Mr. Lawrence J. Pierzchalski , 62
    Exec. VP of Risk Management
    Ms. Julie K. Sperber , 41
    Principal Accounting Officer, VP and Controller
    Amounts are as of Dec 31, 2014 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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