XML 33 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 13 - Statutory Information (Tables)
3 Months Ended
Mar. 31, 2014
Statutory Accounting Practices [Line Items]  
Risk To Capital Calculation [Table Text Block]
Radian Guaranty’s risk-to-capital calculation appears 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 capital and surplus) plus statutory contingency reserves.
 
March 31,
2014
 
December 31,
2013
($ in millions)
 
 
 
RIF, net (1)
$
27,075.0

 
$
26,128.2

 
 
 
 
Statutory surplus
$
1,305.5

 
$
1,317.8

Statutory contingency reserve
108.2

 
23.0

Statutory position
$
1,413.7

 
$
1,340.8

 
 
 
 
Risk-to-capital
19.2:1

 
19.5:1
 _______________________
(1)
Excludes risk ceded through reinsurance contracts (to third parties and affiliates) and RIF on defaulted loans.
Radian Guaranty Inc [Member]
 
Statutory Accounting Practices [Line Items]  
Statutory Accounting Practices Disclosure [Table Text Block]
Radian Guaranty’s statutory net income (loss), statutory surplus and contingency reserve as of or for the periods indicated were as follows:
(In millions)
As of and for the Three Months Ended March 31, 2014
 
As of and for the Year Ended December 31, 2013
Statutory net income (loss)
$
68.2

 
$
(23.8
)
Statutory surplus
1,305.5

 
1,317.8

Contingency reserve
108.2

 
23.0

Radian Asset Assurance [Member]
 
Statutory Accounting Practices [Line Items]  
Statutory Accounting Practices Disclosure [Table Text Block]
Radian Asset Assurance’s statutory net income (loss), statutory surplus and contingency reserve as of or for the periods indicated were as follows:
(In millions)
As of and for the Three Months Ended March 31, 2014
 
As of and for the Year Ended December 31, 2013
Statutory net income (loss)
$
2.1

 
$
(24.9
)
Statutory surplus
1,186.3

 
1,198.0

Contingency reserve
271.8

 
264.0