MGIC Announces Three Promotions

MILWAUKEE, Jan. 24 /PRNewswire-FirstCall/ — MGIC Investment Corp. (NYSE:MTG) and its primary subsidiary Mortgage Guaranty Insurance Corporation (MGIC) announced today that the Boards of Directors have jointly approved the promotions of Jeffrey Lane, Michael Zimmerman and Jeffery Nielsen.

Jeffrey Lane has been promoted to Executive Vice President, General Counsel and Secretary of both MGIC Investment Corporation and MGIC. Lane has served as Senior Vice President, General Counsel and Secretary since 1996. Prior to joining the company, Lane was a partner at Foley & Lardner. He holds a Bachelor of Arts degree from Columbia University and earned his law degree at Boston University.

Michael Zimmerman has been promoted to Senior Vice President, Investor Relations of MGIC. Zimmerman came to MGIC from Household Bank in 1995, and has held several positions with advancing responsibilities during his 13 years with the company. He holds a Bachelor of Science degree from Saint Ambrose College and a Master of Business Administration from Keller Graduate School of Business.

Jeffrey Nielsen has been promoted to Vice President, Financial Planning/Analysis of MGIC. Nielsen has served in MGIC’s financial division since 1987. Previously, he was an Audit Manager with Price Waterhouse. Nielsen received his Bachelor of Business Administration from the University of Wisconsin — Eau Claire.

About MGIC Investment Corporation

Mortgage Guaranty Insurance Corporation, the principal subsidiary of MGIC Investment Corporation (, is the nation’s leading provider of private mortgage insurance coverage with $197.0 billion primary insurance in force covering 1.3 million mortgages as of September 30, 2007. MGIC serves 5,000 lenders with locations across the country and in Puerto Rico, Guam and Australia, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.

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Source: MGIC Investment Corp.