Statutory Information (Tables)

12 Months Ended

Dec. 31, 2018

Summary of amounts disclosed under statutory accounting practices

The statutory net income loss, policyholders' surplus and contingency reserve liability of the insurance subsidiaries of our holding company are show in table 14.1 below. The surplus amounts included in the following table are the combined policyholders' surplus of our insurance operations as utilized in our risk-to-capital calculations.



Statutory financial information of holding company and insurance subsidiaries
Table	14.1
		As of and for the Years Ended December 31,
(In thousands)		2018		2017		2016
Statutory net income		$	375,484	$	310,776	$	106,326
Statutory policyholders' surplus		1,683,058		1,622,115		1,506,475
Contingency reserve		2,442,996		1,896,701		1,360,088

The surplus contributions made to MGIC, dividends paid by MGIC, and distributions from other insurance subsidiaries to us, are shown in table 14.2 below.



Surplus contributions and dividends of insurance subsidiaries
Table	14.2
		Years Ended December 31,
(In thousands)		2018		2017	2016
Additions to the surplus of MGIC from parent company funds		$	—	—	36,025
Dividends paid by MGIC to the parent company		$	220,000	140,000	64,000
Distributions from other insurance subsidiaries to the parent company		$	—	—	52,001

- 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.

+ References + Details