Note 16 - Statutory Information (Tables)

9 Months Ended

Sep. 30, 2021

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

Statutory Accounting Practices Disclosure

Our insurance subsidiaries’ statutory net income for the year-to-date periods ended September 30, 2021 and 2020 and statutory policyholders’ surplus as of September 30, 2021 and December 31, 2020 were as follows.


Statutory net income

	Nine Months Ended September 30,
(In thousands)	2021		2020
Radian Guaranty	$	516,866	$	260,175
Radian Reinsurance	8,765		30,358
Other Mortgage Subsidiaries	777		929
Radian Title Insurance	4,777		1,399

Statutory policyholders’ surplus

(In thousands)	September 30, 2021		December 31, 2020
Radian Guaranty	$	646,923	$	481,484
Radian Reinsurance	328,430		360,704
Other Mortgage Subsidiaries	42,715		41,327
Radian Title Insurance	34,342		28,849

- 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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