| Business Summary | | MGIC
Investment
Corporation
is
a
holding
company
that,
through
its
wholly
owned
subsidiary,
Mortgage
Guaranty
Insurance
Corporation
(MGIC),
is
a
provider
of
private
mortgage
insurance
coverage
in
the
United
States
to
the
home
mortgage
lending
industry.
Private
mortgage
insurance
covers
residential
first
mortgage
loans
and
expands
home
ownership
opportunities
by
enabling
people
to
purchase
homes
with
less
than
20%
down
payments.
In
addition
to
mortgage
insurance
on
first
liens,
the
Company,
through
other
subsidiaries,
insures
residential
second
mortgages
and
provides
lenders
with
various
underwriting
and
other
services
and
products
related
to
home
mortgage
lending.
MGIC
is
licensed
in
all
50
states
of
the
United
States,
the
District
of
Columbia
and
Puerto
Rico. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MTG,
a
holding
company,
provides
private
mortgage
insurance
coverage
in
the
United
States
to
the
home
mortgage
lending
industry
through
Mortgage
Guaranty
Insurance
Corp.
For
the
six
months
ended
6/30/01,
total
revenues
increased
23%
to
$660
million.
Net
income
increased
21%
to
$319.1
million.
Revenues
reflect
an
increase
in
new
business
writings
and
realized
investment
gains.
Earnings
were
partially
offset
by
higher
underwriting
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Curt Culver, 48 Pres,
CEO, Director | $1.5M | $1.9M | J. Lauer, 56 CFO,
Exec. VP | 728K | 7.2M | James MacLeod, 53 Exec.
VP-Field Operations of MGIC | 646K | 2.7M | Lawrence Pierzchalski, 48 Exec.
VP- Risk Management of MGIC | 645K | 2.5M | Lou Zellner, 50 Exec.
VP-Corp. Devel. of MGIC | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|