Statutory Information (Tables)

12 Months Ended

Dec. 31, 2023

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

Schedule of Statutory Net Income and Policyholders' Surplus

Our insurance subsidiaries’ statutory net income (loss) for the periods indicated, and statutory policyholders’ surplus as of the dates indicated, were as follows.

Statutory net income
	Years Ended December 31,
(In thousands)	2023		2022		2021
Radian Guaranty	$	803,804	$	1,091,946	$	762,609
Other mortgage insurance subsidiaries	311		1,957		1,669
Radian Title Insurance	1,844		2,589		6,862
Statutory policyholders’ surplus (1)
	December 31,
(In thousands)	2023		2022		2021
Radian Guaranty	$	619,584	$	758,467	$	1,105,266
Other mortgage insurance subsidiaries	17,444		17,086		14,524
Radian Title Insurance	41,108		39,285		36,599

(1)See the “Surplus additions (distributions)” table under “Statutory Dividend Restrictions” below for additional information on certain changes impacting policyholders’ surplus.

Schedule of Surplus Additions (Distributions)

The surplus additions (distributions) between Radian Group and Radian Guaranty and our other insurance subsidiaries for the years ended December 31, 2023, 2022 and 2021, were as follows.

Surplus additions (distributions)
	Years Ended December 31,
(In thousands)	2023		2022		2021
Distributions from Radian Guaranty surplus (1)	$	(400,000)	$	(881,979)	$	—
Distributions from other insurance subsidiaries’ surplus (2)	—		(32,500)		(40,000)
Additions to other insurance subsidiaries’ surplus	250		—		250

(1)For 2023, consists of $400 million of ordinary dividends paid to Radian Group. For 2022, consists of $782 million in returns of capital and a $100 million repayment of a 0.0% interest intercompany surplus note originally due December 31, 2027.

(2)These distributions were from Radian Reinsurance prior to its merger with Radian Guaranty.