Note 16 - Statutory Information (Tables)

9 Months Ended

Sep. 30, 2016

Supplementary Insurance Information [Abstract]

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.

	September 30, 2016			December 31, 2015
($ in millions)
RIF, net (1)	$	34,849.2		$	36,396.1
Common stock and paid-in capital	$	2,041.5		$	2,041.4
Surplus Note	—			325.0
Unassigned earnings (deficit)	(656.3		)	(679.9		)
Statutory policyholders’ surplus	1,385.2			1,686.5
Contingency reserve	1,156.9			860.9
Statutory capital	$	2,542.1		$	2,547.4
Risk-to-capital	13.7:1			14.3:1

______________________

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