MGIC Investment Corp MTG Balance Sheet

Mgic investment corp (MTG)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Investment portfolio:
Investment portfolio:
Fixed income, available-for-sale, at fair value (amortized cost 2020 - $5,375,382; 2019 - $5,562,550)
5,458	5,737	5,660	5,504	5,287	5,151	4,969	4,926	4,930	4,983	4,710	4,701	4,642	4,685	4,718	4,556	4,557	4,657	4,588	4,549	4,594	4,609	4,626	4,611	4,758	4,863	5,017	4,996	4,537	4,227	4,923	5,398	5,533	5,820	6,455	6,743	7,200	7,455	7,119	7,083	7,251
Equity securities, at fair value (cost 2020 - $29,559; 2019 - $17,188)
28	17	17	4	4	3	7	4	4	7	7	7	7	7	7	9	6	5	5	3	3	3	3	3	2	2	2	2	2	2	2	2	2	2	2	2	3	3	3	3	2
Other invested assets, at cost
3	3	3	3	3	3	3	3	3	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total investment portfolio
5,490	5,758	5,681	5,512	5,294	5,159	4,980	4,933	4,937	4,990	4,717	4,708	4,649	4,692	4,725	4,566	4,564	4,663	4,593	4,552	4,597	4,612	4,630	4,614	4,761	4,866	5,020	4,998	4,540	4,230	4,926	5,401	5,536	5,823	6,458	6,746	7,203	7,458	7,123	7,086	7,254
Cash and cash equivalents
365	161	165	218	259	151	266	191	177	99	250	127	427	155	274	300	249	181	384	215	232	197	243	342	296	332	458	571	1,635	1,027	730	563	902	995	866	1,038	1,112	1,304	2,166	2,395	1,185
Restricted cash and cash equivalents
4	7	6	6	3	3	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	17	17	17	17	17	60	60	-	0	-	-	-	-	-	-	-	-	-	-	-
Accrued investment income
46	49	48	48	46	48	45	47	45	46	42	44	43	44	42	39	39	40	36	34	32	30	30	29	31	31	34	33	31	27	42	46	52	55	67	67	73	70	68	70	79
Reinsurance recoverable on loss reserves
25	21	19	18	31	33	33	37	45	48	45	44	46	50	46	45	41	44	38	53	55	57	57	57	57	64	70	83	96	104	117	126	142	154	166	206	238	275	299	339	332
Prepaid reinsurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	58	50	47	44	40	38	36	-	-	-	0	-	-	-	-	1	1	2	-	2	3	3
Reinsurance recoverable on paid losses
1	1	1	16	3	2	3	3	3	3	4	6	5	4	4	4	3	3	4	5	5	6	6	7	9	10	14	14	13	15	16	19	17	19	15	32	38	34	-	-	9
Premiums receivable
53	55	51	57	51	55	51	56	52	54	53	51	51	52	47	46	47	48	51	52	59	57	60	52	54	62	65	62	72	67	68	67	67	71	73	74	75	79	87	91	90
Home office and equipment, net
49	50	50	51	50	51	50	49	48	44	43	42	38	36	32	30	31	30	29	28	28	28	28	28	28	26	26	26	26	27	26	27	27	28	28	28	28	28	28	27	29
Deferred insurance policy acquisition costs
19	18	18	17	17	17	18	18	18	18	19	18	18	17	17	16	15	15	14	14	13	12	11	10	10	9	12	12	12	11	10	9	8	7	7	7	8	8	8	8	9
Profit commission receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	142	114	91	68	-	-	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
8	5	11	20	39	69	111	161	211	234	416	481	552	607	602	617	702	762	758	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes recoverable (note 14)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	275
Other assets
89	99	92	87	72	85	95	93	75	78	82	75	71	73	79	76	78	80	94	88	92	106	139	178	159	141	95	179	79	61	68	56	57	59	61	65	67	74	203	162	135
Total assets
6,155	6,229	6,146	6,055	5,870	5,677	5,657	5,592	5,616	5,619	5,675	5,600	5,903	5,734	5,873	5,744	5,773	5,868	6,008	5,246	5,282	5,266	5,339	5,379	5,464	5,601	5,857	6,043	6,508	5,574	6,008	6,318	6,812	7,216	7,747	8,269	8,847	9,333	9,986	10,185	9,404
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Loss reserves
574	555	602	621	655	674	721	813	924	985	1,105	1,187	1,335	1,438	1,535	1,632	1,753	1,893	1,979	2,110	2,244	2,396	2,527	2,675	2,834	3,061	3,352	3,599	3,848	4,056	4,004	4,108	4,209	4,557	4,791	5,082	5,471	5,884	6,179	6,388	6,704
Premium deficiency reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	17	23	28	35	43	48	57	60	72	73	84	93	120	134	-146	-158	169	178	160	169	193
Unearned premiums
365	380	392	400	404	409	407	406	397	392	370	352	337	329	321	308	289	279	265	244	223	203	185	168	160	154	149	142	140	138	140	143	147	154	166	186	200	215	234	249	280
Revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advance
155	155	155	155	155	155	155	155	155	155	155	155	155	155	155	155	155	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior notes
421	420	420	420	420	419	419	419	418	418	418	417	417	417	417	-	-	0	61	61	61	61	61	61	61	82	82	82	99	99	99	99	170	170	244	321	376	376	377	377	377
Convertible senior notes
-	-	-	-	-	-	-	-	-	-	0	0	349	349	349	636	685	822	845	845	845	845	845	845	845	845	845	845	845	345	345	345	345	345	345	345	345	345	345	345	0
Convertible junior subordinated debentures
256	256	256	256	256	256	256	256	256	256	256	256	256	256	256	256	256	389	389	389	389	389	389	389	389	389	389	389	389	379	370	361	352	344	336	329	322	315	309	303	291
Other liabilities
140	151	159	164	162	180	207	227	232	255	239	236	254	238	255	244	289	247	318	356	315	309	316	271	289	275	277	243	335	283	297	300	335	312	327	332	353	349	398	379	254
Total liabilities
1,913	1,920	1,987	2,019	2,053	2,095	2,167	2,278	2,384	2,464	2,545	2,605	3,256	3,185	3,289	3,233	3,430	3,632	3,859	4,008	4,097	4,229	4,354	4,447	4,624	4,856	5,154	5,362	5,730	5,377	5,340	5,451	5,680	6,019	6,358	6,756	7,239	7,664	8,003	8,212	8,101
Contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	-
Shareholders’ equity:
Common stock (one dollar par value, shares authorized 1,000,000; shares issued 2020 - 371,353; 2019 - 371,353; shares outstanding 2020 - 338,567; 2019 - 347,308)
371	371	371	371	371	371	371	371	371	370	370	370	360	359	359	341	341	340	340	340	340	340	340	340	340	340	340	340	340	205	205	205	205	205	205	205	205	205	205	205	130
Paid-in capital
1,855	1,869	1,864	1,860	1,856	1,862	1,857	1,852	1,847	1,850	1,846	1,842	1,778	1,782	1,779	1,660	1,657	1,670	1,667	1,664	1,662	1,663	1,661	1,658	1,657	1,661	1,659	1,658	1,657	1,135	1,133	1,131	1,129	1,135	1,133	1,131	1,129	1,138	1,135	1,132	443
Treasury stock at cost (shares 2020 - 32,786; 2019 - 24,045)
393	283	263	194	169	175	100	100	-	0	0	0	150	150	111	3	3	3	3	3	3	32	32	32	33	64	64	64	64	104	104	104	105	162	162	163	163	222	222	222	269
Accumulated other comprehensive income, net of tax
1	72	63	30	-41	-124	-128	-117	-107	-43	-26	-37	-63	-75	30	44	-11	-60	-43	-128	-64	-81	-56	-35	-78	-117	-159	-168	-57	-48	38	-7	-14	30	89	50	-2	22	153	94	74
Retained earnings
2,407	2,278	2,122	1,966	1,799	1,647	1,489	1,307	1,120	977	939	819	722	632	525	468	359	290	187	-635	-748	-852	-926	-998	-1,044	-1,074	-1,073	-1,085	-1,097	-990	-603	-356	-82	-11	123	288	440	525	712	763	924
Total shareholders’ equity
4,241	4,309	4,159	4,035	3,816	3,581	3,489	3,313	3,231	3,154	3,130	2,995	2,647	2,548	2,583	2,511	2,343	2,236	2,148	1,238	1,185	1,036	984	931	840	744	703	680	777	196	667	867	1,131	1,196	1,388	1,512	1,608	1,669	1,983	1,972	1,302
Total liabilities and shareholders’ equity
6,155	6,229	6,146	6,055	5,870	5,677	5,657	5,592	5,616	5,619	5,675	5,600	5,903	5,734	5,873	5,744	5,773	5,868	6,008	5,246	5,282	5,266	5,339	5,379	5,464	5,601	5,857	6,043	6,508	5,574	6,008	6,318	6,812	7,216	7,747	8,269	8,847	9,333	9,986	10,185	9,404