Statutory Capital (Tables)

12 Months Ended

Dec. 31, 2014

Summary of amounts disclosed under statutory accounting practices

The surplus amounts included below are the combined surplus of our insurance operations as utilized in our risk-to-capital calculations.

Year Ended December 31,	Net income (loss)			Surplus		Contingency Reserve
	(In thousands)

2014	$	13,203		$	1,585,164	$	318,247
2013		(8,046	)		1,584,121		18,558
2012		(902,878	)		748,592		6,430

Year Ended December 31,		Additions to the surplus of MGIC from parent company funds		Additions to the surplus of other insurance subsidiaries from parent company funds			Dividends paid by MGIC to the parent company
	(In thousands)

2014		$	-		$	-	$	-
2013			800,000			-		-
2012			100,000			-		-

- 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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