Statutory Information (Tables)

3 Months Ended

Mar. 31, 2026

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

Schedule of Statutory Net Income (Loss) and Statutory Policyholders' Surplus

Mortgage

Our mortgage insurance subsidiaries’ statutory net income (loss) for the periods indicated, and statutory policyholders’ surplus as of the dates indicated, are as follows.


Statutory net income (loss)


		Three Months Ended March 31,

(In thousands)		2026				2025


Radian Guaranty		$	150,431			$	186,096
Other mortgage insurance subsidiaries			113				477


Statutory policyholders’ surplus



(In thousands)		March 31, 2026				December 31, 2025



Radian Guaranty		$	656,891			$	646,115
Other mortgage insurance subsidiaries			17,366				17,057

Schedule of Statutory Capital and Surplus and Required Capital and Surplus

The following table summarizes statutory capital and surplus and required capital and surplus for Syndicate 1301 for the dates indicated.


Statutory capital and surplus



(In millions)		March 31, 2026



Statutory capital and surplus (1)		$	1,610
Required statutory capital and surplus (2)			1,493

(1)

Includes a $620 million letter of credit, which is pledged as FAL and has not been called upon during 2026.

(2)

Required statutory capital and surplus reflects the most recent information reported by Lloyd’s which is provided on a quarterly lag.

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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