MGIC Investment Corp. (MTG)’s Fourth Quarter 2014 Earnings Call Trasncript

Not only has Curt been the leader of our company, but he hass been a leader in the industry, both nationally and locally in the never ending discussions around housing policy has truly been a face of private mortgage insurance for a long time. He has never shied away from a challenge and for those of you who have consistently listened to these calls and as you’ve heard this morning Curt is very much a straight shooter. He was at this his best during the recent great recession where his leadership with shareholders, regulators, customers and co-workers got us through the most difficult time such that the company is now well positioned for the future and as Curt calls it nirvana.

For those of us who work with Curt everyday it’s been a privilege; his down to earth nature, his optimism, his sense of humor, his mantra to just do the right thing have contributed to MGIC’s strong culture and our legacy. Curt is beloved by his co-workers and he will be greatly missed. So Curt on behalf of all of those that you have touched these past 16 years as our CEO in the past 32 years with MGIC we thank you and we wish you the absolute best of luck in all of your future endeavors.

Curt S. Culver – Chairman and CEO
Thank you, Pat. That’s very kind. I do want to, it’s really nice, as Pat said this is my last earnings conference call and I’d like to thank all our shareholders for their investment in our company. I’ve had the pleasure to host these earnings conference calls for 62 quarters but who’s counting. So it’s been extremely positive, some have been exceedingly difficult but they’ve all been interesting.

Throughout that time period I’ve had a great management team to work with their strategic ideas and focus and made the difference in our recovery. But just as importantly we have a group of people behind us at MGIC whose loyalty and dedication never wavered even through the most difficult of times. Their dedication is what I most remember about my job and I was honored to be this company’s CEO. I am equally thrilled that we’ll have such a fine management team led by Pat to carry forward the MGIC legacy. It really is a special place made up of special people and I will certainly miss all of that. So I thank them all and god bless to all. Thank you.

Patrick Sinks – President and COO
Thanks. Operator.

Operator
Ladies and gentlemen, that does conclude today’s conference. You may all disconnect and everyone have a great day.