Note 14 - Statutory Information Level 3 (Tables)

12 Months Ended

Dec. 31, 2015

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.

	December 31,
	2015		2014
($ in millions)
RIF, net (1)	$	36,396.1	$	30,615.7
Statutory policyholders’ surplus	$	1,686.5	$	1,325.2
Contingency reserve	860.9		389.4
Statutory capital	$	2,547.4	$	1,714.6
Risk-to-capital	14.3:1		17.9:1

_______________________

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

Radian Guaranty [Member]

Statutory Accounting Practices [Line Items]

Statutory Accounting Practices Disclosure [Table Text Block]

Radian Guaranty’s statutory net income (loss), statutory policyholders’ surplus and contingency reserve as of or for the years ended December 31, 2015, 2014 and 2013 were as follows:

	December 31,
(In millions)	2015		2014		2013
Statutory net income (loss)	$	754.8	$	273.7	$	(23.8	)
Statutory policyholders’ surplus	1,686.5		1,325.2		1,317.8
Contingency reserve	860.9		389.4		23.0

Radian Reinsurance [Member]

Statutory Accounting Practices [Line Items]

Statutory Accounting Practices Disclosure [Table Text Block]

Radian Reinsurance’s statutory net income, statutory policyholders’ surplus and contingency reserve as of and for the years ended December 31, 2015, 2014 and 2013 were as follows:

	December 31,
(In millions)	2015
Statutory net loss	$	(1.0	)
Statutory policyholders’ surplus	138.7
Contingency reserve	128.8

Other MI Companies [Member]

Statutory Accounting Practices [Line Items]

Statutory Accounting Practices Disclosure [Table Text Block]

The aggregate statutory net income, statutory policyholders’ surplus and contingency reserve for these five subsidiaries as of and for the years ended December 31, 2015, 2014 and 2013 were as follows:

	December 31,
(In millions)	2015		2014		2013
Statutory net income	$	92.9	$	112.9	$	99.6
Statutory policyholders’ surplus	55.0		473.7		406.1
Contingency reserve	1.1		140.7		80.9