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...

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 in finance. Under his leadership, the company emphasizes performance-based metrics, which include financial goals related to return on equity and insurance written. This focus has driven significant changes, showing how he aligns executive compensation with company performance. For example, in 2023, his total compensation was $1.85 million, reflecting a strong hold on performance metrics. What's also interesting is his role in insider trading; he has navigated substantial fluctuations in holdings over recent years, peaking at $22.05 million in early September 2024.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MGIC Investment Corp. CEOs

M

Timothy J. Mattke

CEO of MGIC Investment Corp.

Education

BS and MS in Accountancy from the University of Wisconsin-Madison

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1976 - 49 years ago

CEO of MGIC Investment Corp. for

5 years 8 months (Jul 2019 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer since 2014

Rivals

Competitors/colleagues of Timothy J. Mattke

F

Vincent J. Delie, Jr.

CEO of F.N.B. Corporation

2023 Compensation

Stock

$11.00M

Salary

$1.19M

Bonus

$0.00

Other

$649.18K

Total Holdings

$24.80M

F

Timothy N. Spence

CEO of Fifth Third Bank

2023 Compensation

Stock

$1.99M

Salary

$1.03M

Bonus

$0.00

Other

$356.32K

Total Holdings

$3.09M

C

Gary C. Bhojwani

CEO of CNO Financial Group

2022 Compensation

Stock

$9.11M

Salary

$1.03M

Bonus

$1.70M

Other

$352.32K

Total Holdings

$45.23M

E

David B. Weinstock

CEO of Essent Group

2023 Compensation

Stock

$0.00

Salary

$375.00K

Bonus

$562.50K

Other

$64.08K

Total Holdings

$4.81M

M

Michel A. Khalaf

CEO of MetLife

2023 Compensation

Stock

$15.81M

Salary

$1.48M

Bonus

$4.80M

Other

$279.92K

Total Holdings

$50.00M

E

Mark A. Casale

CEO of Essent Group

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$212.50K

Other

$705.22K

Total Holdings

$1.46M

Holdings

See how much did Timothy J. Mattke make over time.

Timothy J. Mattke's financial stakes in MGIC have seen notable growth, particularly in the years leading up to 2024. His holdings soared from around $10 million in early 2020 to over $22 million just in September 2024, showing significant confidence...

Timothy J. Mattke's financial stakes in MGIC have seen notable growth, particularly in the years leading up to 2024. His holdings soared from around $10 million in early 2020 to over $22 million just in September 2024, showing significant confidence in the company's trajectory. This increase reflects both his investment in the company's future and the overall healthy growth strategy he has implemented. His wealth tied to MGIC fluctuated in response to market conditions, hitting a peak just before the summer of 2024, illustrating how his leadership directly correlates with financial outcomes within the company.

Mar 17, 2025

M

shares

MTG @ $23.05

Insider Trading

See recent insider trades of Timothy J. Mattke.

MTG

$2.10M

MTG at $25.52/share

Feb 5, 2025

Received

MTG

546,022 shares

MTG

Feb 21, 2024

Received

MTG

315,000 shares

MTG

Jan 27, 2020

Received

MTG

75,000 shares

MTG

Jul 25, 2019

Received

MTG

120,000 shares

MTG

Jan 21, 2019

Received

MTG

105,600 shares

MTG

Jan 22, 2018

Received

MTG

105,600 shares

MTG

Jan 23, 2017

Received

MTG

$118.55K

MTG at $5.93/share

Jan 26, 2016

Purchase

MTG

120,000 shares

MTG

Jan 25, 2016

Received

MTG

120,000 shares

MTG

Jan 26, 2015

Received

Compensation History

See how much did Timothy J. Mattke make over time.

Timothy J. Mattke's compensation structure signifies a strong link between executive pay and company performance at MGIC Investment Corporation. In 2023, he earned $1.85 million, with a base salary of $600,000, a performance bonus of $180,000, and a vested stock worth $1.25 million. His bonus tied heavily to specific company metrics like return on equity reflects MGIC's strategy to align management interests with those of the shareholders. Looking back, his pay has fluctuated; in 2022, his total compensation was $875,000, highlighting just how well the company has performed under his leadership. Mattke's approach reinforces a model where the CEO’s interests are closely aligned with the long-term health of the business, creating value for shareholders.

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.

Other MGIC Investment Corp. CEOs

Here are other CEOs of MGIC Investment Corp.

Patrick Sinks

Ex-CEO of MGIC Investment Corp.

March 2014 - July 2019