Note 15 - Statutory Information (Tables)

3 Months Ended

Mar. 31, 2020

SEC Schedule, 12-16, Insurance Companies, 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 requirements imposed by certain states, statutory capital is defined as the sum of statutory policyholders’ surplus plus statutory contingency reserves.

	March 31, 2020			December 31, 2019
($ in millions)
RIF, net (1)	$	49,820.3		$	44,076.7
Common stock and paid-in capital	$	1,041.0		$	1,041.0
Surplus Note	300.0			100.0
Unassigned earnings (deficit)	(819.8		)	(503.3		)
Statutory policyholders’ surplus	521.2			637.7
Contingency reserve	3,089.6			2,607.8
Statutory capital	$	3,610.8		$	3,245.5
Risk-to-capital	13.8:1			13.6:1

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(1)

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