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Statutory Information - Summary of Amounts Disclosed Under Statutory Accounting Practices (Details) - USD ($) $ in Thousands | 3 Months Ended
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Mar. 31, 2020 | Mar. 31, 2019
Statutory Capital [Abstract] |  |
Statutory net income | $ 55,746 | $ 65,561
Statutory policyholders' surplus | 1,271,244 | 1,667,058
Contingency reserve | $ 3,166,180 | $ 2,583,429

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- Definition An amount of money established from retained earnings to allow for unforeseen losses in business. Amount of reserves for future policy claims payable and loss expenses to be incurred. + References No definition available. + Details
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Namespace Prefix: | mtg_
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Balance Type: | credit
Period Type: | instant

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- References No definition available. + Details
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- Definition The amount of statutory capital and surplus (stockholders' equity) as of the balance sheet date using prescribed or permitted statutory accounting practices (rather than GAAP, if different) of the state or country. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(c)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6486098&loc=d3e24708-158529 + Details
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- Definition Amount of net income for the period determined using accounting principles prescribed or permitted by insurance regulators. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(23)(c)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
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