MGIC Investment Management
Management criteria checks 3/4
We currently do not have sufficient information about the CEO.
Key information
Tim Mattke
Chief executive officer
US$6.9m
Total compensation
| CEO salary percentage | 13.6% |
| CEO tenure | 4yrs |
| CEO ownership | 0.2% |
| Management average tenure | 4yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2023 | n/a | n/a | US$845m |
| Dec 31 2022 | US$7m | US$938k | US$865m |
| Sep 30 2022 | n/a | n/a | US$848m |
| Jun 30 2022 | n/a | n/a | US$756m |
| Mar 31 2022 | n/a | n/a | US$660m |
| Dec 31 2021 | US$6m | US$877k | US$635m |
| Sep 30 2021 | n/a | n/a | US$612m |
| Jun 30 2021 | n/a | n/a | US$585m |
| Mar 31 2021 | n/a | n/a | US$446m |
| Dec 31 2020 | US$6m | US$824k | US$446m |
| Sep 30 2020 | n/a | n/a | US$472m |
| Jun 30 2020 | n/a | n/a | US$518m |
| Mar 31 2020 | n/a | n/a | US$672m |
| Dec 31 2019 | US$5m | US$646k | US$674m |
| Sep 30 2019 | n/a | n/a | US$654m |
| Jun 30 2019 | n/a | n/a | US$659m |
| Mar 31 2019 | n/a | n/a | US$678m |
| Dec 31 2018 | US$3m | US$542k | US$670m |
| Sep 30 2018 | n/a | n/a | US$540m |
| Jun 30 2018 | n/a | n/a | US$478m |
| Mar 31 2018 | n/a | n/a | US$410m |
| Dec 31 2017 | US$3m | US$526k | US$356m |
| Sep 30 2017 | n/a | n/a | US$436m |
| Jun 30 2017 | n/a | n/a | US$373m |
| Mar 31 2017 | n/a | n/a | US$363m |
| Dec 31 2016 | US$2m | US$512k | US$343m |
Compensation vs Market: Tim's total compensation ($USD6.89M) is above average for companies of similar size in the MX market ($USD1.61M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
CEO
Tim Mattke (47 yo)
4yrs
Tenure
US$6,886,074
Compensation
Mr. Timothy James Mattke, also known as Tim, is Chief Executive Officer of MGIC since 2019. He has been Chief Executive Officer and Director of MGIC Investment Corp since July 25, 2019. He joined the MGIC...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4yrs | US$6.89m | 0.21% MX$ 159.8m | |
| President & COO | 4yrs | US$4.11m | 0.13% MX$ 103.4m | |
| Executive VP & CFO | 4yrs | US$2.30m | 0.021% MX$ 16.0m | |
| Executive VP | 5.5yrs | US$2.49m | 0.039% MX$ 29.7m | |
| Special Advisor to CEO | 6.5yrs | US$2.46m | 0.094% MX$ 72.1m | |
| VP, Controller & Chief Accounting Officer | 9.3yrs | no data | 0.024% MX$ 18.8m | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer of MGIC | 2.8yrs | no data | no data | |
| Executive VP & Chief Risk Officer of MGIC | 4.5yrs | no data | 0.022% MX$ 16.9m | |
| Senior VP & Chief Information Officer of MGIC | 4.5yrs | no data | 0.049% MX$ 37.5m | |
| Senior Vice President of Mortgage Risk Analytics | less than a year | no data | no data | |
| Group VP and Head of Regional Sales & Marketing | less than a year | no data | no data |
4.0yrs
Average Tenure
54.5yo
Average Age
Experienced Management: MTG *'s management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4yrs | US$6.89m | 0.21% MX$ 159.8m | |
| Independent Director | 11.5yrs | US$270.00k | 0.0099% MX$ 7.6m | |
| Lead Independent Director | 22.5yrs | US$307.50k | 0.016% MX$ 12.4m | |
| Non-Independent Non-Executive Chairman | 24.5yrs | US$375.00k | 0.44% MX$ 338.3m | |
| Independent Director | 9.5yrs | US$260.00k | 0.0064% MX$ 4.9m | |
| Independent Director | 10yrs | US$270.00k | 0.013% MX$ 10.3m | |
| Independent Director | 13yrs | US$265.00k | 0.0029% MX$ 2.2m | |
| Independent Director | 4.8yrs | US$270.00k | 0.0046% MX$ 3.6m | |
| Independent Director | 3.8yrs | US$270.00k | 0.0029% MX$ 2.2m | |
| Independent Director | 3.8yrs | US$270.00k | 0.0029% MX$ 2.2m | |
| Independent Director | 1.3yrs | US$193.80k | 0.0025% MX$ 2.0m | |
| Independent Director | 2.8yrs | US$262.50k | 0.0029% MX$ 2.2m |
7.1yrs
Average Tenure
65yo
Average Age
Experienced Board: MTG *'s board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/07/16 09:20 |
| End of Day Share Price | 2023/04/18 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MGIC Investment Corporation is covered by 19 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bruce Harting | Barclays |
| Terry Ma | Barclays |
| Mihir Bhatia | BofA Global Research |