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MGIC Announces Retirement of SVP Chief Investment Officer/Treasurer and Promotes Replacement



   MGIC Announces Retirement of SVP Chief Investment Officer/Treasurer and
                             Promotes Replacement

PR Newswire

MILWAUKEE, Feb. 6, 2013

MILWAUKEE, Feb. 6, 2013 /PRNewswire/ -- Mortgage Guaranty Insurance
Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation
(NYSE: MTG), is announcing the retirement of James Karpowicz, CFA, Senior Vice
President Chief Investment Officer/Treasurer, effective March 1.  Mr.
Karpowicz joined MGIC in October 1986 as Assistant Treasurer.  Since January
2005 he has held the position of Senior Vice President Chief Investment
Officer/Treasurer.  During his 26 year tenure with MGIC, Mr. Karpowicz made
significant contributions to the company.

With Mr. Karpowicz's retirement, MGIC also announces the promotion of Lisa
Pendergast to Vice President Treasurer, effect March 1.  In addition to
serving as Assistant Treasurer for the past 11 years, Ms. Pendergast's prior
MGIC positions include Treasury Operations Manager and Investment Portfolio
Analyst.  Prior to joining MGIC in 1998, Ms. Pendergast's experience included
15 years in finance, treasury and management positions.

Ms. Pendergast earned her Bachelor of Science degree from the University of
Wisconsin – Oshkosh and her Master of Science degree from the University of
Wisconsin – Milwaukee.  She is a Certified Public Accountant.

About MGIC

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation,
is the nation's largest private mortgage insurer as measured by $164.9 billion
primary insurance in force covering 1 million mortgages as of September 30,
2012. MGIC 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.

From time to time MGIC Investment Corporation releases important information
via postings on its corporate website without making any other disclosure and
intends to continue to do so in the future. Investors and other interested
parties are encouraged to enroll to receive automatic email alerts and Really
Simple Syndication (RSS) feeds regarding new postings.  Enrollment information
can be found at http://mtg.mgic.com under Investor Information.

SOURCE MGIC Investment Corporation

Website: http://www.mgic.com
Contact: Investors, Michael J. Zimmerman, (414) 347-6596,
mike_zimmerman@mgic.com; Media, Katie Monfre, (414) 347-2650,
katie_monfre@mgic.com
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