THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

MGIC Investment Corporation (MTG)

3/30/2006 Proxy Information

During 2005, MGIC, other subsidiaries of the Company and joint ventures provided mortgage insurance and other services to, or received services from, unaffiliated companies of which certain of the Company’s directors were executive officers, directors or 10% or greater equity owners. These transactions were made in the ordinary course of business, represented less than 2% of the consolidated revenues of the Company and these other companies (2% of consolidated assets in the case of loans to joint ventures) and are not considered material to the Company. Similar transactions are expected in 2006.

The Company has used the law firm of Foley & Lardner as our principal outside legal counsel for more than 20 years. The wife of our General Counsel is a partner in that law firm, which was paid $568,705 by the Company and its consolidated subsidiaries for legal services in 2005.

Salomon Brothers Asset Management Inc/Smith Barney Fund Management LLC and affiliates (Salomon/Smith Barney) and Barclays Global Investors, NA and affiliates have publicly reported that they are the beneficial owners of 5.44% and 5.37%, respectively, of the Common Stock at December 31, 2005. During 2005, the Company engaged in purchases and sales of fixed income securities with affiliates of these companies in the ordinary course of managing the Company’s investment portfolio, and MGIC provided mortgage insurance in the ordinary course of business on loans purchased by affiliates of Salomon/Smith Barney.

3/31/2005 Proxy Information

During 2004, MGIC and other subsidiaries of the Company provided mortgage insurance and other services to, or received services from, unaffiliated companies of which certain non-employee directors were executive officers, directors or 10% or greater equity owners. These transactions were made in the ordinary course of business, represented less than 2% of the consolidated revenues of the Company and these other companies and are not considered material to the Company. Similar transactions are expected in 2005.

The Company’s long standing principal outside legal counsel is Foley & Lardner. The spouse of the Company’s General Counsel is a partner of Foley & Lardner, which was paid $468,767 by the Company and its consolidated subsidiaries for legal services in 2004.

Citigroup Inc. has publicly reported that it was the beneficial owner of 5.7% of the Common Stock at December 31, 2004. During 2004, the Company wrote mortgage insurance on loans purchased by an affiliate of Citigroup and purchased from and sold to an affiliate of Citigroup fixed income securities. These transactions occurred in the ordinary course of business. The premiums involved in the mortgage insurance were $2.4 million and the aggregate of the purchase and sale prices of the fixed income securities was $105.3 million

4/2/2004 Proxy Information

Mr. MacLeod retired as an officer and employee of the Company and MGIC on January 30, 2004 and his KEESA terminated at that date. Effective with Mr. MacLeod’s retirement, the Company entered into a Consulting Agreement with him under which he is retained to provide services to MGIC on a project basis. MGIC will pay Mr. MacLeod for his services at a rate of $200 per hour and will reimburse Mr. MacLeod for certain expenses incurred in the performance of his consulting services.

During 2003, Sherman Financial Group LLC (“Sherman”), an unconsolidated joint venture in which the Company has an equity interest of approximately 42%, purchased in three separate transactions past due accounts receivable having a principal balance of $80.8 million from a subsidiary of Metris Companies Inc. for an aggregate purchase price of $9.2 million. Mr. Hagerty is a director of Metris Companies Inc. Affiliates of THL beneficially own preferred stock of Metris Companies Inc. convertible into an aggregate of 41.9% of the common stock of Metris Companies Inc. or a combination of such common stock and a series of preferred stock. The purchase price and other terms of these purchases were initiated and negotiated at arms’ length directly between the management of Sherman and the Metris Companies Inc. subsidiary. It is possible that additional purchases by Sherman could occur in the future.

Citigroup Inc. has publicly reported that it was the beneficial owner of 5.26% of the Common Stock at December 31, 2003. During 2003, the Company wrote mortgage insurance on loans purchased by an affiliate of Citigroup and purchased from and sold to an affiliate of Citigroup fixed income securities. These transactions occurred in the ordinary course of business. The premiums involved in the mortgage insurance were $688,000 and the aggregate of the purchase and sale prices of the fixed income securities was $493.5 million.

3/27/2003 Proxy Information

During 2002, Credit-Based Asset Servicing and Securitization LLC ("C-BASS"), a joint venture in which the Company has an equity interest of approximately 46%, purchased in six separate transactions (some which closed at different times) mortgage loans having an unpaid principal balance plus unpaid interest of $475.9 million from a subsidiary of Conseco, Inc. for an aggregate purchase price of $498.5 million. Mr. Hagerty is a director of Conseco, Inc. An affiliate of THL, of which Mr. Hagerty is a managing director, beneficially owns preferred stock of Conseco, Inc. convertible into 7.5% of the common stock of Conseco, Inc. During 2002, Sherman Financial Group LLC ("Sherman"), a joint venture in which the Company had an equity interest of approximately 46%, purchased in 11 separate transactions past due accounts receivable having a principal balance of $2.136 billion from a subsidiary of Metris Companies Inc. for an aggregate purchase price of $40.7 million. Mr. Hagerty is a director of Metris Companies Inc. Affiliates of THL beneficially own preferred stock of Metris Companies Inc. convertible into an aggregate of 38.5% of the common stock of Metris Companies Inc. or a combination of such common stock and a series of preferred stock. The purchase price and other terms of the transactions described in this paragraph were initiated and negotiated at arms' length directly between the management of C-BASS and the Conseco, Inc. subsidiary or directly between the management of Sherman and the Metris Companies Inc. subsidiary. It is possible that additional purchases by C-BASS or Sherman could occur in the future.