Note 13 - Statutory Information (Tables)

9 Months Ended

Sep. 30, 2013

Statutory Information [Abstract]

Statutory Accounting Practices Disclosure [Table Text Block]

Radian Guaranty’s statutory net income (loss) and statutory policyholders’ surplus as of or for the periods indicated were as follows:

(In millions)	As of and for the Nine Months Ended September 30, 2013		As of and for the Year Ended December 31, 2012
Statutory net income (loss)	$	10.7	$	(175.9	)
Statutory surplus	1,239.1		926.0
Contingency reserve	17.2		—

Risk To Capital Calculation [Table Text Block]

The components of Radian Guaranty’s risk-to-capital calculation appear in the table below. For purposes of the risk-to-capital requirements imposed by certain states, statutory capital is defined as the sum of statutory policyholders’ surplus (i.e., statutory-basis capital and surplus) plus statutory contingency reserves.

	September 30, 2013			December 31, 2012
($ in millions)
RIF, net (1)	$	24,899.4		$	19,226.7
Statutory surplus	$	1,239.1		$	926.0
Statutory contingency reserve	17.2			—
Statutory capital	$	1,256.3		$	926.0
Risk-to-capital	19.8		:1	20.8		:1

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(1) RIF, net excludes risk ceded through reinsurance contracts and RIF on defaulted loans.