Note 13 - Statutory Information (Tables)

3 Months Ended

Mar. 31, 2015

Statutory Information [Abstract]

Statutory Accounting Practices Disclosure [Table Text Block]

Radian Guaranty’s statutory net income, statutory policyholders’ surplus and contingency reserve as of and for the periods indicated were as follows:

(In millions)	As of and for the Three Months Ended March 31, 2015		As of and for the Year Ended December 31, 2014
Statutory net income	$	110.8	$	273.7
Statutory policyholders’ surplus	1,349.4		1,325.2
Contingency reserve	487.6		389.4

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 calculation, as well as 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, 2015		December 31, 2014
($ in millions)
RIF, net (1)	$	31,324.0	$	30,615.7
Statutory policyholders’ surplus	$	1,349.4	$	1,325.2
Contingency reserve	487.6		389.4
Statutory capital	$	1,837.0	$	1,714.6
Risk-to-capital	17.1:1		17.9:1

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(1) Excludes risk ceded through reinsurance contracts (to third parties and affiliates) and RIF on defaulted loans.