MTG: the cash flow

MyFinsight

For the year ending 2025-12-31, MTG had $140,887K increase in cash & cash equivalents over the period. $851,773K in free cash flow.

Cash Flow	2025-12-31
Income before tax	928,537
Benefit from income taxes	190,190
Net income	738,347
Depreciation and other amortization	6,949
Deferred tax expense (benefit)	-19,221
Equity compensation	24,432
Net (gains) losses on investments and other financial instruments	334
Accrued investment income	-3,055
Reinsurance recoverable on loss reserves	17,774
Reinsurance recoverable on paid losses	-189
Premiums receivable	648
Deferred insurance policy acquisition costs	-3,317
Loss reserves	12,222
Unearned premiums	-27,334
Current income taxes	93,164
Other, net	1,630
Net cash provided by (used in) operating activities	852,798
Purchases of investments	1,621,324
Proceeds from sales of investments	110,930
Proceeds from maturity of fixed income securities	1,739,793
Proceeds from sale of property and equipment	0
Additions to property and equipment	1,025
Net cash provided by (used in) investing activities	228,374
Conversion / purchase of convertible junior subordinated debentures	0
Repurchase of common stock	788,645
Dividends paid	132,491
Payment of withholding taxes related to share-based compensation net share settlement	19,149
Net cash provided by (used in) financing activities	-940,285
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	140,887
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year	234,627
Cash and cash equivalents and restricted cash and cash equivalents at end of year	375,514

Unit: Thousand (K) dollars (except for numbers of shares and EPS).