J. Michael Lauer served as the Chief Financial Officer at MGIC Investment Corp. from 1989 until his retirement in 2014. Under his financial leadership, MGIC navigated complex challenges in the mortgage insurance industry, consistently working to reduce risk and improve...

J. Michael Lauer served as the Chief Financial Officer at MGIC Investment Corp. from 1989 until his retirement in 2014. Under his financial leadership, MGIC navigated complex challenges in the mortgage insurance industry, consistently working to reduce risk and improve operational performance. In 2013, he earned total compensation of approximately $1.8 million, with a significant portion derived from his base salary and past performance bonuses. Notably, during his final year, Lauer's income also included a consulting agreement that paid him $15,000 monthly to continue providing advisory services after retirement. Beyond the numbers, Lauer made significant contributions that shaped the company's strategic direction. His insider trading data reflects substantial confidence in MGIC, peaking with trade values reaching over $22 million in recent years, showcasing both high ownership and engagement with the company. Overall, Lauer has played a pivotal role in steering MGIC through changing market landscapes.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MGIC Investment Corp. CEOs

M

J. Michael Lauer

Ex-CEO of MGIC Investment Corp.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1950 - 75 years ago

CEO of MGIC Investment Corp. for

25 years 2 months (Jan 1989 - Mar 2014)

Previous Experience

Chief Financial Officer of MGIC since 1989

Rivals

Competitors/colleagues of J. Michael Lauer

F

Vincent J. Delie, Jr.

CEO of F.N.B. Corporation

2023 Compensation

Stock

$11.00M

Salary

$1.19M

Bonus

$0.00

Other

$649.18K

Total Holdings

$24.80M

P

Daniel J. Houston

CEO of Principal Financial Group

2023 Compensation

Stock

$7.33M

Salary

$1.04M

Bonus

$0.00

Other

$343.29K

Total Holdings

$19.74M

C

Gary C. Bhojwani

CEO of CNO Financial Group

2022 Compensation

Stock

$9.11M

Salary

$1.03M

Bonus

$1.70M

Other

$352.32K

Total Holdings

$45.23M

E

David B. Weinstock

CEO of Essent Group

2023 Compensation

Stock

$0.00

Salary

$375.00K

Bonus

$562.50K

Other

$64.08K

Total Holdings

$4.81M

M

Michel A. Khalaf

CEO of MetLife

2023 Compensation

Stock

$15.81M

Salary

$1.48M

Bonus

$4.80M

Other

$279.92K

Total Holdings

$50.00M

P

Larry D. Zimpleman

CEO of Principal Financial Group

2023 Compensation

Stock

$7.33M

Salary

$1.05M

Bonus

$3.31M

Other

$343.29K

Total Holdings

$23.73M

Holdings

See how much did J. Michael Lauer make over time.

J. Michael Lauer’s holdings in MGIC Investment Corp. revealed his strong belief in the company's stability and growth. Since his tenure, his insider trading values increased significantly, starting from a peak of $11.89 million in September 2019 to a striking...

J. Michael Lauer’s holdings in MGIC Investment Corp. revealed his strong belief in the company's stability and growth. Since his tenure, his insider trading values increased significantly, starting from a peak of $11.89 million in September 2019 to a striking $22.93 million by September 2024. These fluctuations illustrate Lauer's commitment to the company, particularly after the financial crisis, where his wealth rose through strategic insider transactions. Over the years, he sold shares during periods of peak values and retained significant shares during downturns, emphasizing his strategic approach to managing his investments. This level of engagement with his holdings points to both confidence in MGIC’s long-term performance and a careful balancing of risk and opportunity.

Insider Trading

See recent insider trades of J. Michael Lauer.

MTG

$189.50K

MTG at $3.79/share

Mar 7, 2013

Purchase

MTG

$257.50K

MTG at $5.15/share

Mar 7, 2013

Purchase

MTG

120,000 shares

MTG

Jan 28, 2013

Received

MTG

$66.59K

MTG at $0.89/share

Aug 6, 2012

Purchase

MTG

116,944 shares

MTG

Jan 30, 2012

Received

MTG

$46.80K

MTG at $2.34/share

Aug 26, 2011

Purchase

MTG

$45.93K

MTG at $2.30/share

Aug 9, 2011

Purchase

MTG

$40.10K

MTG at $4.01/share

Jul 22, 2011

Purchase

MTG

$58.10K

MTG at $5.81/share

Jun 10, 2011

Purchase

MTG

$154.00K

MTG at $7.70/share

Apr 21, 2011

Purchase

Compensation History

See how much did J. Michael Lauer make over time.

J. Michael Lauer's compensation at MGIC Investment Corp. varied significantly over his tenure. In 2013, the last year he served, he received a total of $1.8 million, which was primarily composed of a salary of about $495,254 and a $1 million performance bonus. This bonus reflected his contributions towards enhancing the company's risk management and financial stability. In his earlier years, his peak compensation reached over $2 million in 2011, fueled by a substantial performance bonus amidst strong company performance metrics. Despite retiring and not receiving traditional stock grants, Lauer's final deal included ongoing consulting fees, highlighting his lasting influence and continued engagement with MGIC’s strategic direction. Overall, his total compensation demonstrates both a commitment to aligning his financial interests with the company's long-term goals and the high-value tasks he took on during his leadership years.

Year

2014

Total Compensation

$252.56K

Salary

$88.21K

Board Justification

The compensation philosophy aims to attract and retain high-quality executives while aligning their compensation with long-term shareholder interests, emphasizing performance-based pay.

Bonus

$0.00

Board Justification

No bonus was awarded for 2014 as Mr. Lauer was not eligible for the annual bonus program due to his retirement.

Other

$164.35K

Board Justification

Includes $150,000 of payments under a Consulting Agreement, a matching 401(k) contribution of $1,600, and discretionary retirement plan contributions of $12,750.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2014 as Mr. Lauer did not receive any stock grants in that year.

Performance Metrics

The performance metrics for 2014 included financial and business performance goals, but Mr. Lauer was not eligible for the annual bonus due to his retirement.

Other MGIC Investment Corp. CEOs

Here are other CEOs of MGIC Investment Corp.

Patrick Sinks

Ex-CEO of MGIC Investment Corp.

March 2014 - July 2019