MGIC Investment Corporation published its 2025 Corporate Sustainability Report, detailing its environmental, social, and governance (ESG) initiatives and performance for the 2024 fiscal year. The report emphasizes the company's mission to enable homeownership, noting that it facilitated new insurance written for 160,788 homes and had 1,118,308 homes in force as of December 31, 2024. This underscores its role in supporting financial security and community development.
The report highlighted MGIC's commitment to strong governance, with its Board of Directors overseeing corporate sustainability, including risk management for cybersecurity and climate change. In 2024, 25% of the short-term incentive plan for executive compensation was tied to corporate sustainability factors, aligning leadership incentives with ESG goals. This demonstrates a structured approach to integrating sustainability into business operations.
Operational integrity was also a key focus, with 100% of co-workers completing annual Code of Conduct and Ethics training and acknowledging compliance in 2024. The company reported total revenue of $1.2 billion for FY2024, supported by its 571 co-workers. These details provide insight into the company's ethical standards and operational foundation.
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