On January 27, 2014, Thomas M. Hagerty, a member of the Board of Directors of MGIC Investment Corporation since 2001, and Leslie M. Muma, a member of the Board since 1995, each informed the company that he will not seek re-election to the Board at the company's 2014 Annual Meeting of Shareholders to be held in April 2014. Each is a member of the Board's Management Development, Nominating and Governance Committee and will continue to serve as a director until his current term expires on the date of the 2014 Annual Meeting. The decision by each of Mr. Hagerty and Mr. Muma to not stand for re-election was a personal decision and was not the result of any disagreement with the company or the Board.