MGIC Investment Corporation Welcomes New Directors Klein and O'Leary-Gill

MGIC Investment Corporation Welcomes New Board Members

On October 23, 2025, MGIC Investment Corporation (NYSE: MTG) proudly announced the appointment of Martin (Marty) P. Klein and Daniela A. O'Leary-Gill to its esteemed Board of Directors. This strategic decision marks a new chapter in the organization's leadership journey, promising enhanced governance and diverse insights.

Both new board members come with impressive credentials that are expected to significantly contribute to MGIC's vision and strategies. Mr. Klein will take active roles in the Risk Management and Securities Investment Committees, while Ms. O'Leary-Gill will engage with the Audit and Business Transformation and Technology Committees. Their respective experiences and expertise are set to bolster MGIC’s commitment to providing exceptional service in the mortgage insurance sector.

Profiles of the New Directors

Martin P. Klein brings a wealth of experience from his notable tenure as Senior Advisor at Athene Holdings LTD. Before this appointment, he served as Executive Vice President and Chief Financial Officer of Athene, a position he held from 2015 to 2025. Klein's impactful career also includes leadership roles at Genworth Financial, where he was the acting Chief Executive Officer and President in 2012. His extensive background in finance and risk management reflects a profound understanding of strategic operational frameworks, which will be instrumental for MGIC.

Danielle A. O'Leary-Gill is recognized for her role as the former Chief Operating Officer of BMO U.S., part of BMO Financial Group, from 2018 to 2020. With over 25 years in finance, strategy, and governance, she has held various senior leadership roles both in the U.S. and internationally. Her experience on the Board of Directors of Discover Financial Services signals her capability in navigating complex financial landscapes and overseeing organizational transformations.

A Message from Leadership

Curt Culver, Chairman of MGIC Investment Corporation, expressed enthusiasm regarding the addition of Klein and O'Leary-Gill to the Board. He stated, “Their impressive business acumen and proven leadership experiences make them outstanding additions to our Board. We look forward to the valuable insights and diverse perspectives they will bring, further building on the strength of our Board.” Culver's words highlight the company's commitment to governance and the value placed on seasoned input.

About MGIC

MGIC Investment Corporation, which primarily serves as a backer of Mortgage Guaranty Insurance Corporation, plays a crucial role in advancing homeownership in the United States. Through affordable low-down-payment mortgages, the firm makes homeownership attainable for many families who might otherwise struggle to enter the housing market. Their ongoing commitment to innovation and customer service positions MGIC as a leader within the mortgage insurance arena.

As MGIC continues to evolve, the contributions of Klein and O'Leary-Gill are expected to coincide with the firm's goals of evolving its services while maintaining a strong foundation for continued growth. Investors and stakeholders are encouraged to stay updated through MGIC’s corporate website for the latest news and insights, as the company remains dedicated to fostering an environment of transparency and openness in its operations.

In conclusion, the appointment of Martin Klein and Daniela O'Leary-Gill marks a significant enhancement in MGIC's governance framework. Their extensive backgrounds and strategic insights are anticipated to further strengthen the Board’s effectiveness in navigating future challenges and opportunities in the dynamic mortgage insurance landscape.