XML 30 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Other Comprehensive Income (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Other comprehensive income (before tax) [Abstract]      
Change in unrealized gains and losses on investments $ 19,721us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax $ 39,661us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax  
Benefit plan adjustments (700)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax (1,486)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax  
Unrealized foreign currency translation adjustment (3,102)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax 1,931us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax  
Other comprehensive income (loss) 15,919us-gaap_OtherComprehensiveIncomeLossBeforeTax 40,106us-gaap_OtherComprehensiveIncomeLossBeforeTax  
Other comprehensive income (tax) [Abstract]      
Change in unrealized gains and losses on investments (6,876)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax (13,871)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax  
Benefit plan adjustments 245us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax 520us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax  
Unrealized foreign currency translation adjustment 1,088us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax (678)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax  
Other comprehensive income (loss) (5,543)us-gaap_OtherComprehensiveIncomeLossTax (14,029)us-gaap_OtherComprehensiveIncomeLossTax  
Other comprehensive income (valuation allowance) [Abstract]      
Change in unrealized gains and losses on investments 6,718mtg_OtherComprehensiveIncomeSecuritiesValuationAllowance 13,808mtg_OtherComprehensiveIncomeSecuritiesValuationAllowance  
Benefit plan adjustments (245)mtg_OtherComprehensiveIncomeBenefitPlanAdjustmentsValuationAllowance (520)mtg_OtherComprehensiveIncomeBenefitPlanAdjustmentsValuationAllowance  
Unrealized foreign currency translation adjustment 0mtg_OtherComprehensiveIncomeForeignCurrencyTranslationValuationAllowance 0mtg_OtherComprehensiveIncomeForeignCurrencyTranslationValuationAllowance  
Other comprehensive income (loss) 6,473mtg_OtherComprehensiveIncomeValuationAllowance 13,288mtg_OtherComprehensiveIncomeValuationAllowance  
Other comprehensive income (net of tax) [Abstract]      
Change in unrealized investment gains and losses on investments 19,563us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax 39,598us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax  
Benefit plan adjustments (700)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax (1,486)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax  
Unrealized foreign currency translation adjustment (2,014)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax 1,253us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax  
Other comprehensive income (loss) 16,849us-gaap_OtherComprehensiveIncomeLossNetOfTax 39,365us-gaap_OtherComprehensiveIncomeLossNetOfTax  
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance at beginning of period, before tax (41,613)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1 (77,216)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1  
Other comprehensive income (loss) before reclassifications 27,853us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax 38,603us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax  
Amounts reclassified from accumulated other comprehensive income (loss) 11,934us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax (1,503)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax  
Net current period other comprehensive income (loss) 15,919us-gaap_OtherComprehensiveIncomeLossBeforeTax 40,106us-gaap_OtherComprehensiveIncomeLossBeforeTax  
Balance at end of period, before tax (25,694)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1 (37,110)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1  
Tax effect (38,798)mtg_AccumulatedOtherComprehensiveIncomeLossTax (41,251)mtg_AccumulatedOtherComprehensiveIncomeLossTax (39,728)mtg_AccumulatedOtherComprehensiveIncomeLossTax [1]
Total accumulated other comprehensive income (loss), net of tax (64,492)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (78,361)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (81,341)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Tax Effect due to valuation allowance (in hundredths) 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate    
Unrealized gains and losses on available-for-sale securities [Member]      
Other comprehensive income (before tax) [Abstract]      
Other comprehensive income (loss) 19,721us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
39,661us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
 
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance at beginning of period, before tax 7,148us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(84,634)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
 
Other comprehensive income (loss) before reclassifications 30,955us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
36,672us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
 
Amounts reclassified from accumulated other comprehensive income (loss) 11,234us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
[2] (2,989)us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
[2]  
Net current period other comprehensive income (loss) 19,721us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
39,661us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
 
Balance at end of period, before tax 26,869us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(44,973)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
 
Tax effect (64,857)mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(64,119)mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(64,699)mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
[1]
Total accumulated other comprehensive income (loss), net of tax (37,988)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(109,092)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
(57,551)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember
Defined benefit plans [Member]      
Other comprehensive income (before tax) [Abstract]      
Other comprehensive income (loss) (700)us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(1,486)us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance at beginning of period, before tax (55,878)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(3,766)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Other comprehensive income (loss) before reclassifications 0us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
0us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Amounts reclassified from accumulated other comprehensive income (loss) 700us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
[3] 1,486us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Net current period other comprehensive income (loss) (700)us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(1,486)us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Balance at end of period, before tax (56,578)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(5,252)us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
 
Tax effect 26,940mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
26,940mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
26,940mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
[1]
Total accumulated other comprehensive income (loss), net of tax (29,638)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
21,688us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
(28,938)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember
Foreign currency translation [Member]      
Other comprehensive income (before tax) [Abstract]      
Other comprehensive income (loss) (3,102)us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
1,931us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Accumulated Other Comprehensive Income (Loss) [Line Items]      
Balance at beginning of period, before tax 7,117us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
11,184us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Other comprehensive income (loss) before reclassifications (3,102)us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
1,931us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Amounts reclassified from accumulated other comprehensive income (loss) 0us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
0us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Net current period other comprehensive income (loss) (3,102)us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
1,931us-gaap_OtherComprehensiveIncomeLossBeforeTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Balance at end of period, before tax 4,015us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
13,115us-gaap_AccumulatedOtherComprehensiveIncomeLossBeforeTax1
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
 
Tax effect (881)mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
(4,072)mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
(1,969)mtg_AccumulatedOtherComprehensiveIncomeLossTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
[1]
Total accumulated other comprehensive income (loss), net of tax $ 3,134us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
$ 9,043us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
$ 5,148us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedTranslationAdjustmentMember
[1] Tax effect does not approximate 35% due to amounts of tax benefits not provided in various periods due to our tax valuation allowance.
[2] During the three months ended March 31, 2015 and 2014, we realized net investment gains (losses) that at the end of the prior quarter had been classified in net unrealized gains (losses) of $11.2 million and ($3.0) million, respectively,. As a result, these amounts were reclassified to the Consolidated Statement of Operations and included in Realized investment gains (losses)
[3] During the three months ended March 31, 2015 and 2014, other comprehensive income related to benefit plans of $0.7 million and $1.5 million was reclassified to the Consolidated Statement of Operations and included in Underwriting and other expenses, net.