Note 16 - Statutory Information (Tables)

9 Months Ended

Sep. 30, 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.

	September 30, 2020		December 31, 2019
($ in millions)
RIF, net (1)	$	48,914.0	$	44,076.7
Common stock and paid-in capital	$	1,041.0	$	1,041.0
Surplus Note	300.0		100.0
Unassigned earnings (deficit)	(857.6)		(503.3)
Statutory policyholders’ surplus	483.4		637.7
Contingency reserve	3,212.1		2,607.8
Statutory capital	$	3,695.5	$	3,245.5
Risk-to-capital	13.2:1		13.6:1

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