MILWAUKEE (Map) - MILWAUKEE, May 15 /PRNewswire-FirstCall/ -- MGIC Investment Corporation's (NYSE: MTG) shareholders today re-elected four directors who each will serve three-year terms on the company's Board of Directors. Shareholders elected the following directors:

    -- David S. Engelman, a Director since 1993, has been a private investor
       for more than five years. He was President and Chief Executive Officer,
       on an interim basis, of Fleetwood Enterprises, Inc., a manufacturer of
       recreational vehicles and manufactured housing, from February to August
       2002. He is also a director of Fleetwood Enterprises, Inc.
    -- Kenneth M. Jastrow, II, a Director since 1994, is the non-executive
       Chairman of the Board of Forestar Real Estate Group Inc. ("Forestar"),
       which is engaged in various real estate businesses, and Guaranty
       Financial Group Inc. ("Guaranty"), which is engaged in banking and
       other financial services. From January 2000 until December 28, 2007,
       when Temple-Inland Inc. ("TI") completed the spinoffs of Forestar and
       Guaranty, Mr. Jastrow was the Chairman and Chief Executive Officer of
       TI, a holding company which during Mr. Jastrow's tenure had interests
       in paper, forest products, financial services and real estate. He is
       also a director of KB Home.
    -- Daniel P. Kearney, a Director since 1999, is a business consultant and
       private investor. Mr. Kearney served as Executive Vice President and
       Chief Investment Officer of Aetna, Inc., a provider of health and
       retirement benefit plans and financial services, from 1991 to 1998. He
       was President and Chief Executive Officer of the Resolution Trust
       Corporation Oversight Board from 1990 to 1991, a principal of Aldrich,
       Eastman & Waltch, Inc., a pension fund advisor, from 1988 to 1989, and
       a managing director at Salomon Brothers Inc, an investment banking
       firm, from 1977 to 1988. He is also a director of Fiserv, Inc. and
       MBIA, Inc.
    -- Donald T. Nicolaisen, a Director since 2006, was the Chief Accountant
       of the United States Securities and Exchange Commission from September
       2003 to November 2005, when he retired from full time employment. Prior
       to joining the SEC, he was a Senior Partner at PricewaterhouseCoopers
       LLP, an accounting firm that he joined in 1967. He is also a director
       of Verizon Communications Inc., Morgan Stanley and Zurich Financial
       Services Group. Mr. Nicolaisen was elected to our Board of Directors on
       October 26, 2006 by our Board of Directors. That election was
       recommended by the Management Development, Nominating and Governance
       Committee, which was introduced to Mr. Nicolaisen by one of our
       executive officers.

In other action, shareholders ratified the appointment of PricewaterhouseCoopers LLP, as independent accountants for the fiscal year ending December 31, 2008, approved performance goals for certain restricted equity awards under the Corporation's 2002 Stock Incentive Plan and performance goals for an annual bonus plan that includes such goals.

About MGIC

MGIC (http://www.mgic.com), the principal subsidiary of MGIC Investment Corporation, is the nation's leading provider of private mortgage insurance coverage with $221.4 billion primary insurance in force covering 1.5 million mortgages as of March 31, 2008. MGIC serves over 3,300 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.