MGIC Promotes Dempsey to V.P. Managing Director

MILWAUKEE, Jan. 26 /PRNewswire-FirstCall/ — Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corp. (NYSE:MTG) , announced today that its Board of Directors has approved the promotion of Stephen M. Dempsey.

Dempsey has been promoted to Vice President Managing Director of Northeast Region for MGIC. During his 23 year tenure with MGIC, Dempsey has held positions with increasing levels of responsibility in both sales and marketing. Most recently Dempsey served as the Vice President of Sales. Prior to joining MGIC, he gained valuable experience with two Savings & Loan companies in Maryland.

Dempsey holds a Bachelor of Arts in business administration from Loyola College in Baltimore, Maryland.

About MGIC Investment Corporation

MGIC ( ), the principal subsidiary of MGIC Investment Corporation, is the nation’s leading provider of private mortgage insurance coverage with $176.5 billion primary insurance in force covering 1.3 million mortgages as of December 31, 2006. MGIC serves approximately 5,000 lenders with locations across the country and in Puerto Rico, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.