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Regulatory Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Combined Statutory Net Gain (Loss), Statutory Surplus, Contingency Reserve and RTC Ratios

NMIC and Re One's combined statutory net income (loss), statutory surplus, contingency reserve, statutory capital and risk-to-capital (RTC) ratios as of and for the years ended December 31, 2020, 2019 and 2018 were as follows:


	As of and for the year ended December 31,
	2020		2019		2018
	(In Thousands)
Statutory net (loss) gain	$	(20,136)	$	15,233	$	(19,784)

Statutory surplus	894,331		449,602		430,785
Contingency reserve	768,324		531,825		332,702
Statutory capital (1)	1,662,655		981,427		763,487

Risk-to-capital	11.7:1		15.8:1		13.1:1

(1) Represents the total of the statutory surplus and contingency reserve.

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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