Timothy J. Mattke is the CEO of MGIC Investment Corporation, a key player in the mortgage insurance industry. He holds both a BS and MS in Accountancy from the University of Wisconsin-Madison, which sets a strong foundation for his expertise...

Current Market Cap

$6.82B

Number of Employees

627

Total Compensation

2019 - 2023

Trending up by 140.46% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 9.09% last year

Bonus

Down by -40.00% last year

Other

Up by 233.33% last year

Year

2023

Total Compensation

$2.08M

Salary

$600.00K

Board Justification

The compensation philosophy aligns with company performance, emphasizing performance-based pay and long-term incentives to retain top talent and align interests with shareholders.

Bonus

$180.00K

Board Justification

The bonus is based on the achievement of financial performance goals including return on equity, new insurance written, and insurance in force for the year 2023.

Other

$50.00K

Board Justification

Other compensation includes retirement plan contributions and health benefits.

Restricted Stock

$1.25M(50K RSU)

Board Justification

The stock that vested in 2023 was based on performance metrics related to cumulative adjusted book value per share growth over a three-year period.

Performance Metrics

Performance metrics include return on equity, new insurance written, and insurance in force.

SEC Filing

From March 22, 2024