Note 19 - Statutory Information Level 3 (Tables)

12 Months Ended

Dec. 31, 2018

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 plus statutory contingency reserves.

	December 31,
($ in millions)	2018			2017
RIF, net (1)	$	40,711.3		$	36,793.5
Common stock and paid-in capital	$	1,416.0		$	1,866.0
Surplus Note	100.0			100.0
Unassigned earnings (deficit)	(701.9		)	(765.0		)
Statutory policyholders’ surplus	814.1			1,201.0
Contingency reserve	2,109.9			1,667.0
Statutory capital	$	2,924.0		$	2,868.0
Risk-to-capital	13.9:1			12.8:1

______________________

(1)

Excludes risk ceded through all reinsurance programs (including with affiliates) and RIF on defaulted loans.

Radian Guaranty

Statutory Accounting Practices [Line Items]

Statutory Accounting Practices Disclosure [Table Text Block]

Radian Guaranty’s statutory net income, statutory policyholders’ surplus and contingency reserve as of or for the years ended December 31, 2018, 2017 and 2016 were as follows:

	December 31,
(In millions)	2018		2017		2016
Statutory net income	$	501.9	$	445.1	$	480.8
Statutory policyholders’ surplus	814.1		1,201.0		1,349.7
Contingency reserve	2,109.9		1,667.0		1,260.6

Radian Reinsurance

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, 2018, 2017 and 2016 were as follows:

	December 31,
(In millions)	2018		2017		2016
Statutory net income	$	86.1	$	64.3	$	60.3
Statutory policyholders’ surplus	356.2		328.9		147.6
Contingency reserve	293.5		234.0		180.3

Other MI Companies

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, 2018, 2017 and 2016 were as follows:

	December 31,
(In millions)	2018			2017		2016
Statutory net income (loss)	$	(2.8	)	$	0.1	$	(6.1	)
Statutory policyholders’ surplus	58.0			58.6		57.1
Contingency reserve	1.7			1.7		1.5