Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 17, 2023 James Hughes, Executive Vice President - Sales and Business Development of Mortgage Guaranty Insurance Corporation ("MGIC"), a subsidiary of MGIC Investment Corporation, provided notice of his intent to retire on August 1, 2023. Hughes will remain in his current position until April 1, 2023, after which he will take on the role of Special Advisor to the Chief Executive Officer until his retirement on August 1, 2023.

Mr. Hughes has served in his current role since 2017. Prior to 2017, he was Senior Vice President - Sales and Business Development of MGIC from 2015 to 2017, and Vice President, Managing Director of sales from 2001 to 2015. He joined MGIC in 1987 and prior to becoming Vice President, Managing Director, he had been an Account Manager and a Sales Manager.

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