MGIC INVESTMENT CORP
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
MTG$28.17-1.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| MGIC Investment Corporation and Subsidiaries | |||
|---|---|---|---|
| Consolidated Statements of Cash Flows (Unaudited) | |||
| Nine Months Ended September 30, | |||
| (In thousands) · 2026 · 2025 | |||
| Cash flows from operating activities: | |||
| Net income | $522,420 | $569,037 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 2,824 | 6,128 | |
| Deferred tax expense (benefit) | 3,402 | 17,273 | |
| Equity compensation | 17,483 | 18,776 | |
| Net (gains) losses on investments and other financial instruments | 2,777 | 523 | |
| Change in certain assets and liabilities: | |||
| Accrued investment income | 261 | 4,376 | |
| Reinsurance recoverable on loss reserves | (15,533) | (10,284) | |
| Reinsurance recoverable on paid losses | (1,310) | 1,845 | |
| Premiums receivable | (11,695) | 1,005 | |
| Deferred insurance policy acquisition costs | 1,464 | 2,300 | |
| Loss reserves | 24,584 | (10,502) | |
| Unearned premiums | (11,672) | (21,833) | |
| Current income taxes | (40,589) | 69,697 | |
| Other, net | (16,104) | (26,295) | (1) |
| Net cash provided by (used in) operating activities | 478,312 | 622,046 | |
| Cash flows from investing activities: | |||
| Purchases of investments | (1,194,600) | (1,255,609) | |
| Proceeds from sales of investments | 79,989 | 59,796 | |
| Proceeds from maturity of fixed income securities | 1,138,167 | 1,329,059 | |
| Additions to property and equipment | (768) | (424) | |
| Net cash provided by (used in) investing activities | 22,788 | 132,822 | |
| Cash flows from financing activities: | |||
| Repurchase of common stock | (528,752) | (599,453) | |
| Dividends paid | (101,609) | (99,101) | |
| Payment of withholding taxes related to share-based compensation net share settlement | (22,463) | (19,149) | |
| Net cash provided by (used in) financing activities | (652,824) | (717,703) | |
| Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | (151,724) | 37,165 | |
| Cash and cash equivalents and restricted cash and cash equivalents at beginning of period | 375,514 | 234,627 | |
| Cash and cash equivalents and restricted cash and cash equivalents at end of period | $223,790 | $271,792 | |
(1) Certain amounts have been reclassified to conform with current year presentation
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