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MGIC Investment Executive Compensation (FY25)

MTG · Milwaukee, WI · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): April 23, 2026
235 figures on this page: 226 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Total compensation for Timothy Mattke, Chief Executive Officer, came to $8,369,392 in fiscal 2025, and compared with the $8,829,712 reported for fiscal 2024, Mattke's total was 5.2% lower. Shareholders supported the say-on-pay proposal with 99.1% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025. Companies named in the disclosed peer group include Arch Capital Group Ltd., Assured Guaranty Ltd., Enact Holdings, Essent Group Ltd. and Fidelity National Financial Inc., among others. The company reported 4 named executive officers for fiscal 2025.
Chief executive, fiscal 2025
◇
Timothy Mattke
Latest say-on-pay support
=
April 23, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Timothy Mattke: $8,829,712 → $8,369,392 (5.2% lower)
Say-on-pay support: 99.2% → 99.1% (0.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is MGIC Investment's chief executive and what were they paid?
Total compensation for Timothy Mattke, Chief Executive Officer, came to $8,369,392 in fiscal 2025. Compared with the $8,829,712 reported for fiscal 2024, Mattke's total was 5.2% lower.
What was MGIC Investment's say-on-pay result?
Shareholders supported the say-on-pay proposal with 99.1% of votes cast for or against in favor at the meeting held April 23, 2026 for fiscal 2025.
Which companies are in MGIC Investment's peer group?
Companies named in the disclosed peer group include Arch Capital Group Ltd., Assured Guaranty Ltd., Enact Holdings, Essent Group Ltd. and Fidelity National Financial Inc., among others.
What is MGIC Investment's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 52:1, against median employee compensation of $163,151.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Mattke
Chief Executive Officer
◇—◇—◇—◇◇
Salvatore Miosi
President and Chief Operating Officer
◇—◇—◇—◇◇
Paula Maggio
EVP and General Counsel
◇—◇—◇◇◇◇
Nathaniel Colson
EVP Chief Financial and and Chief Risk Officer
◇—◇—◇◇◇◇
Robert Candelmo
SVP and Chief Information Officer
———————— not reported
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Mattke
Chief Executive Officer
◇—◇—◇◇◇◇
Salvatore Miosi
President and Chief Operating Officer
◇—◇—◇◇◇◇
Nathaniel Colson
EVP Chief Financial and and Chief Risk Officer
◇—◇—◇◇◇◇
Paula Maggio
EVP and General Counsel
◇—◇—◇◇◇◇
Robert Candelmo
SVP and Chief Information Officer
———————— not reported
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Mattke
Chief Executive Officer
◇—◇—◇—◇◇
Salvatore Miosi
President and Chief Operating Officer
◇—◇—◇◇◇◇
Nathaniel Colson
EVP Chief Financial and and Chief Risk Officer
◇—◇—◇◇◇◇
Paula Maggio
EVP and General Counsel
◇—◇—◇◇◇◇
Robert Candelmo
SVP and Chief Information Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Timothy Mattke
Chief Executive Officer
◇—◇—◇◇◇◇
Salvatore Miosi
President and Chief Operating Officer
◇—◇—◇◇◇◇
Nathaniel Colson
EVP, Chief Financial Officer
◇—◇—◇◇◇◇
Paula Maggio
EVP and General Counsel
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Nathaniel ColsonPSU◇◇◇—◇—◇
Nathaniel ColsonRSU◇——◇——◇
Paula MaggioRSU◇——◇——◇
Paula MaggioRSU◇——◇——◇
Salvatore MiosiRSU◇——◇——◇
Salvatore MiosiRSU◇——◇——◇
Timothy MattkePSU◇◇◇—◇—◇
Timothy MattkeRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Salvatore MiosiRSU◇◇——
PSU◇◇——
Timothy MattkePSU◇◇——
RSU◇◇——
Paula MaggioPSU◇◇——
RSU◇◇——
Nathaniel ColsonPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Curt S. Culver
Board chair
◇◇————◇
Jodeen A. Kozlak
Lead independent director
◇◇————◇
C. Edward Chaplin
◇◇————◇
Teresita M. Lowman
◇◇————◇
Mark M. Zandi
◇◇————◇
Jay C. Hartzell
◇◇————◇
Sheryl L. Sculley
◇◇————◇
Michael L. Thompson
◇◇————◇
Analisa M. Allen
◇◇————◇
Michael E. Lehman
◇◇————◇
Timothy A. Holt
◇◇————◇
Daniel A. Arrigoni
◇◇————◇
Daniela A. O'Leary-Gill
◇◇————◇
Martin P. Klein
◇◇————◇
Timothy J. Mattke served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Arch Capital Group Ltd. ACGL
  • Assured Guaranty Ltd. AGO
  • Enact Holdings ACT
  • Essent Group Ltd. ESNT
  • Fidelity National Financial Inc. FNF
  • First American Financial Corp. FAF
  • Flagstar Bancorp Inc. FLG
  • Genworth Financial Inc. GNW
  • Mr. Cooper Group symbol not shown
  • NMI Holdings Inc. NMIH
  • Onity Group ONIT
  • PennyMac Financial Services Inc. PFSI
  • Radian Group Inc. RDN
  • Stewart Info Services Corp. STC
  • Walker and Dunlop, Inc. WD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 23, 2026=◇◇◇
2024April 24, 2025=◇◇◇
2023April 25, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 23, 2020=◇◇◇
2018April 24, 2019=◇◇◇
2017July 25, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact MGIC Investment disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where MGIC Investment sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
235 figures on this page: 226 cited to the filing that reported them, 9 calculated from figures it prints.
226 cited to the filing
9 calculated from the filing

Documents cited

  1. 0000876437-26-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000876437-26-000013
    2025 Director Compensation · CEO Pay Ratio · COMPENSATION OF DIRECTORS · Grants of Plan-Based Awards · and 2 more sections
  3. 0000876437-25-000068
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000876437-25-000062
    Summary Compensation Table for 2024
  5. 0000876437-24-000060
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000876437-24-000057
    Summary Compensation Table
  7. 0000876437-23-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000876437-23-000017
    Summary Compensation Table
  9. 0000876437-22-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000876437-21-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000876437-20-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000876437-19-000014
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000876437-18-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “MGIC Investment executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MTG (accessed 2026).
Short form: data: Velarion
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers MGIC Investment discloses

The companies named in MTG's own disclosed peer group.

Arch Capital Group Ltd.Assured Guaranty Ltd.Enact HoldingsEssent Group Ltd.Flagstar Bancorp Inc.Genworth Financial Inc.NMI Holdings Inc.Radian Group Inc.Walker and Dunlop, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy