MGIC Investment Management
Management criteria checks 4/4
MGIC Investment's CEO is Tim Mattke, appointed in Jul 2019, has a tenure of 5.42 years. total yearly compensation is $7.98M, comprised of 12.4% salary and 87.6% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth $21.05M. The average tenure of the management team and the board of directors is 5.4 years and 8.5 years respectively.
Key information
Tim Mattke
Chief executive officer
US$8.0m
Total compensation
| CEO salary percentage | 12.4% |
| CEO tenure | 5.4yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.4yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
Do MGIC Investment's (NYSE:MTG) Earnings Warrant Your Attention?
Dec 12
MGIC Investment Corporation Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next
Nov 07MGIC Investment Q3: Home Prices Limit Potential Losses, But Hold Due To Valuation Concerns
Nov 05Lacklustre Performance Is Driving MGIC Investment Corporation's (NYSE:MTG) Low P/E
Sep 26MGIC Investment: Limited Upside Given Earnings Are Likely Peaking
Jul 09MGIC Investment Corporation's (NYSE:MTG) Earnings Are Not Doing Enough For Some Investors
Jun 26MGIC Investment Corporation (NYSE:MTG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 04Here's What Analysts Are Forecasting For MGIC Investment Corporation (NYSE:MTG) After Its Yearly Results
Feb 24Buy MGIC - Slow, Steady And Still Cheap
Feb 04Home Mortgage Industry Arbitrage - Buy MGIC, Sell Rocket
Dec 26Benign Growth For MGIC Investment Corporation (NYSE:MTG) Underpins Its Share Price
Dec 26Buy MGIC: Ramping Up The Cash To Investors
Nov 02MGIC Investment May Be An Attractive Play On A Resilient Housing Market
Oct 16Buy MGIC: This Time Mortgage Credit Really Is Different
Aug 16Buy Housing Stock MGIC, Sell Redfin, Seriously Skewed Valuations
Jul 12MGIC's Recent Rally Reduces Upside, But The Stock Remains A 'Buy'
Jun 25MGIC Investment Q4 2022 Earnings Preview
Jan 31MGIC Investment declares $0.10 dividend
Jan 24MGIC Investment Corporation: Strong Buy At 84% Of Book Value
Jan 09Buy MGIC: Capital-Light Strategy Meets A Housing-Light USA
Nov 08MGIC Investment declares $0.10 dividend
Oct 27MGIC: Yes, Housing Stinks, But Buy This Home Mortgage Insurer
Oct 08MGIC Investment declares raises dividend by 25% to $0.10
Jul 28Buy MGIC, Or Are Investors Right That You Could Lose Your House?
Jun 15MGIC: Buy This Housing Stock. Let MGIC's Facts Replace Housing Fears
May 08Buy MGIC If Selling At Half Of Liquidation Value Seems Cheap To You
Apr 11MGIC Investment: Sorting Out This Mortgage Insurer's Strategic Endgame
Feb 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$763m |
| Jun 30 2024 | n/a | n/a | US$746m |
| Mar 31 2024 | n/a | n/a | US$732m |
| Dec 31 2023 | US$8m | US$988k | US$713m |
| Sep 30 2023 | n/a | n/a | US$720m |
| Jun 30 2023 | n/a | n/a | US$787m |
| 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$356m |
Compensation vs Market: Tim's total compensation ($USD7.98M) is about average for companies of similar size in the US market ($USD8.00M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
CEO
Tim Mattke (48 yo)
5.4yrs
Tenure
US$7,984,013
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 | 5.4yrs | US$7.98m | 0.35% $ 21.0m | |
| President & COO | 5.4yrs | US$4.25m | 0.22% $ 13.1m | |
| Executive VP | 5.4yrs | US$2.57m | 0.056% $ 3.4m | |
| Executive VP | 6.9yrs | US$2.43m | 0.078% $ 4.7m | |
| VP, Controller & Chief Accounting Officer | 10.8yrs | no data | 0.030% $ 1.8m | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President of Sales & Business Development | 1.3yrs | no data | no data | |
| Senior VP & Chief Human Resources Officer of MGIC | 4.2yrs | no data | no data | |
| Senior VP & Chief Information Officer of MGIC | 5.9yrs | no data | 0.061% $ 3.7m | |
| Senior Vice President of Business Intelligence & Product Strategy | 1.3yrs | no data | no data | |
| VP & Treasurer | 4.1yrs | no data | no data |
5.4yrs
Average Tenure
52.5yo
Average Age
Experienced Management: MTG's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.4yrs | US$7.98m | 0.35% $ 21.0m | |
| Independent Director | 12.9yrs | US$275.00k | 0.015% $ 895.6k | |
| Lead Independent Director | 23.9yrs | US$300.00k | 0.022% $ 1.3m | |
| Non-Independent Non-Executive Chairman | 25.9yrs | US$375.01k | 0.24% $ 14.6m | |
| Independent Director | 10.9yrs | US$295.01k | 0.011% $ 651.8k | |
| Independent Director | 11.4yrs | US$260.01k | 0.019% $ 1.1m | |
| Independent Director | 14.4yrs | US$275.01k | 0.0069% $ 413.4k | |
| Independent Director | 6.2yrs | US$290.00k | 0.0089% $ 538.3k | |
| Independent Director | 5.2yrs | US$270.00k | 0.0069% $ 418.8k | |
| Independent Director | 5.2yrs | US$270.00k | 0.0019% $ 114.7k | |
| Independent Director | 2.7yrs | US$270.00k | 0.0065% $ 394.7k | |
| Independent Director | 4.2yrs | US$260.00k | 0.0069% $ 418.8k |
8.5yrs
Average Tenure
66yo
Average Age
Experienced Board: MTG's board of directors are considered experienced (8.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 05:09 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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
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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. 5 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 |