Statutory Information (Tables)

3 Months Ended

Mar. 31, 2023

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

Statutory Accounting Practices Disclosure

Our insurance subsidiaries’ statutory net income (loss) for the three months ended March 31, 2023 and 2022, and statutory policyholders’ surplus as of March 31, 2023, and December 31, 2022, were as follows.


Statutory net income (loss)

	Three Months Ended March 31,
(In thousands)	2023		2022
Radian Guaranty (1)	$	199,171	$	271,081
Other mortgage subsidiaries	(388)		558
Radian Title Insurance	253		1,271

Statutory policyholders’ surplus

(In thousands)	March 31, 2023		December 31, 2022
Radian Guaranty	$	720,765	$	758,467
Other mortgage subsidiaries	17,152		17,086
Radian Title Insurance	39,514		39,285

(1)The amount for 2022 has been updated to reflect the merger of Radian Reinsurance into Radian Guaranty in December 2022. See Note 16 of Notes to Consolidated Financial Statements in our 2022 Form 10-K for details regarding this merger.

- 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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