Note 18 - Statutory Information Level 3 (Tables)

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]

Statutory Accounting Practices Disclosure [Table Text Block]

Our mortgage insurance subsidiaries’ statutory net income, statutory policyholders’ surplus and contingency reserve as of and for the years ended December 31, 2019, 2018 and 2017 were as follows:

	December 31,
(In millions)	2019		2018			2017
Radian Guaranty
Statutory net income	$	703.4	$	501.9		$	445.1
Statutory policyholders’ surplus	637.7		814.1			1,201.0
Contingency reserve	2,607.8		2,109.9			1,667.0
Radian Reinsurance
Statutory net income	$	101.6	$	86.1		$	64.3
Statutory policyholders’ surplus	455.6		356.2			328.9
Contingency reserve	360.3		293.5			234.0
All Other Mortgage Insurance Subsidiaries
Statutory net income	$	0.1	$	(2.8	)	$	0.1
Statutory policyholders’ surplus	45.7		58.0			58.6
Contingency reserve	1.8		1.7			1.7

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)	2019			2018
RIF, net (1)	$	44,076.7		$	40,711.3
Common stock and paid-in capital	$	1,041.0		$	1,416.0
Surplus Note	100.0			100.0
Unassigned earnings (deficit)	(503.3		)	(701.9		)
Statutory policyholders’ surplus	637.7			814.1
Contingency reserve	2,607.8			2,109.9
Statutory capital	$	3,245.5		$	2,924.0
Risk-to-capital	13.6:1			13.9:1

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(1)

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

Statutory Accounting Practices, Surplus Additions (Distributions) [Table Text Block]

The surplus additions (distributions) between Radian Group and Radian Guaranty and our other insurance subsidiaries for the years ended December 31, 2019, 2018 and 2017 were as follows:

	Year Ended December 31,
(In millions)	2019			2018			2017
Additions to Radian Guaranty surplus	$	—		$	—		$	100.0
Distributions from Radian Guaranty surplus	(375.0		)	(450.0		)	(175.0		)
Additions to other insurance subsidiaries’ surplus	65.4			30.3			175.2
Distributions from other insurance subsidiaries’ surplus	(14.0		)	—			—