MGIC Investment Corporation (MTG)

MGIC Investment Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	762.61	762.99	712.95	865.35	634.98	446.09
Depreciation & Amortization	12.7	18.44	35.23	54.25	66.01	57.81
Gain (Loss) on Sale of Investments	1.75	9.85	14.14	7.46	-5.86	-12.58
Stock-Based Compensation	25.91	31.32	31.61	24.77	17.11	13.8
Change in Accounts Receivable	-0.64	0.96	-0.5	-1.46	-0.5	-0.46
Reinsurance Recoverable	-12.59	-8.28	3.12	56.86	-7.47	-72.55
Change in Unearned Revenue	-33.84	-37.42	-37.51	-46.4	-45.41	-93.2
Change in Income Taxes	50.77	16.27	-4.14	-8.55	5.43	6.27
Change in Insurance Reserves / Liabilities	-25.46	-42.72	-52.61	-325.53	2.99	325.2
Change in Other Net Operating Assets	-16.01	-31.72	5.14	-15.18	-12.96	10.73
Other Operating Activities	3.87	2.43	1.07	35.83	42.1	54.21
Operating Cash Flow	771.9	725.03	712.96	650.01	696.32	732.31
Operating Cash Flow Growth	7.84%	1.69%	9.68%	-6.65%	-4.92%	20.14%
Capital Expenditures	-1.04	-1.17	-2	-3.25	-4.12	-3.31
Sale of Property, Plant & Equipment	-	-	2.34	-	-	-
Investment in Securities	120.23	-140.83	-179.53	413.74	-156.63	-769.2
Investing Cash Flow	119.19	-142.01	-179.19	410.49	-160.75	-772.51
Long-Term Debt Issued	-	-	-	-	-	640.25
Total Debt Issued	-	-	-	-	-	640.25
Total Debt Repaid	-	-	-28.64	-486.41	-98.61	-216.13
Net Debt Issued (Repaid)	-	-	-28.64	-486.41	-98.61	424.12
Repurchases of Common Stock	-748.77	-588.54	-344.44	-395.67	-297.55	-128.94
Common Dividends Paid	-131.24	-130.5	-122.97	-110.95	-94.22	-82.06
Other Financing Activities	-	-	-	-39.51	-36.91	-45.3
Financing Cash Flow	-880.01	-719.04	-496.04	-1,033	-527.29	167.82
Net Cash Flow	11.09	-136.02	37.73	27.96	8.28	127.62
Free Cash Flow	770.86	723.86	710.96	646.76	692.2	729
Free Cash Flow Growth	7.94%	1.81%	9.93%	-6.57%	-5.05%	20.72%
Free Cash Flow Margin	63.26%	59.94%	61.55%	55.15%	58.38%	60.79%
Free Cash Flow Per Share	3.08	2.74	2.48	2.08	1.97	2.03
Cash Interest Paid	34.1	34.1	35.1	53.7	71.7	54.3
Cash Income Tax Paid	181.8	181.8	188.2	236.5	155.3	79.6
Levered Free Cash Flow	593.8	610.84	586.4	802.63	536.37	266.53
Unlevered Free Cash Flow	616.05	633.09	609.47	832.66	580.97	303.78
Change in Net Working Capital	49.88	43.19	42.33	-20.46	66.82	168.02

Updated Apr 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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