MILWAUKEE, Oct. 24, 2016 /PRNewswire/ -- MGIC Investment
Corporation (NYSE: MTG) today announced that Donald T. Nicolaisen has retired from the company's
Board of Directors to reduce his outside time commitments. "Don has been a valued advisor to MGIC," stated Curt Culver, non-executive Chairman of the Board. "His wise counsel helped our company weather one of the most
difficult housing markets in U.S. history, enabling MGIC to return to the strong condition it enjoys today. On behalf of the
board and the company, we thank him for his dedicated service and wish him well for the future."
Mr. Nicolaisen was the Chief Accountant of the United States Securities and Exchange Commission from September 2003 to November 2005, when he retired from full time employment. Prior
to joining the SEC, he was a Senior Partner at PricewaterhouseCoopers LLP, an accounting firm that he joined in 1967. Mr.
Nicolaisen had served on the Board of MGIC Investment Corporation since October 2006, including as
Chair of the Board's Risk Management Committee.
"Don's broad knowledge of the financial industry and insight have been invaluable to us," said Patrick
Sinks, President and Chief Executive Officer of MGIC Investment Corporation. "We will miss having him as part of the MGIC
family, and his impact on our Company will continue to be felt long into the future."
About MGIC
MGIC (www.mgic.com), the principal
subsidiary of MGIC Investment Corporation, serves lenders throughout the United States,
Puerto Rico, and other locations helping families achieve homeownership sooner by making
affordable low-down-payment mortgages a reality. At September 30, 2016, MGIC had $180.1 billion of primary insurance in force covering approximately one million mortgages.
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making any other disclosure and intends to continue to do so in the future. Investors and other interested parties are encouraged
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information can be found at http://mtg.mgic.com under Investor Information.
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SOURCE MGIC Investment Corporation