XML 88 R65.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Reinsurance - Narrative (Details) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Oct. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Reinsurance recoverable on paid losses |  | $ 9,896 | $ 9,896 | $ 18,081 |  |
Reinsurance recoverable on loss reserves |  | $ 33,302 | 33,302 | 28,240 | $ 66,905 | $ 95,042
Ceded premiums earned |  |  | $ 202,821 | 156,373 | 163,031 |
Quota Share Reinsurance Transactions |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Ceding commission, percentage |  |  | 20.00% |  |  |
Annual loss ratio cap, percentage |  | 300.00% | 300.00% |  |  |
Lifetime loss ratio cap, percentage |  | 200.00% | 200.00% |  |  |
Threshold for private mortgage insurer eligibility requirements for termination election |  |  | 90.00% |  |  |
Reinsurance recoverable on loss reserves |  | $ 33,300 | $ 33,300 | 28,200 |  |
Credit Union QSR Transaction |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Quota Share % |  |  | 65.00% |  |  |
Annual Loss Ratio to Exhaust Profit Commission |  |  | 50.00% |  |  |
Threshold for private mortgage insurer eligibility requirements for termination election |  |  | 80.00% |  |  |
2020 QSR |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Quota Share % |  |  | 12.50% |  |  |
Annual Loss Ratio to Exhaust Profit Commission |  |  | 62.00% |  |  |
Contingent termination fee |  |  | $ 5,100 |  |  |
Reinsurance recoverable on paid losses |  | 9,400 | $ 9,400 |  |  |
2020 QSR and 2021 QSR - 2020 NIW |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Quota Share % |  |  | 17.50% |  |  |
Annual Loss Ratio to Exhaust Profit Commission |  |  | 62.00% |  |  |
2019 QSR Transaction |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Contingent termination fee |  |  |  | 2,200 |  |
Quota Share Reinsurance Transactions, 2015 & 2019 |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Reinsurance recoverable on paid losses |  |  |  | $ 17,700 |  |
Quota Share Reinsurance Transactions, 2017 & 2018 |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Contingent termination fee |  |  |  |  | $ 5,000 |
Home Re 2019-1, Home Re 2021-1 and Home Re 2021-2 |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Ceded premiums earned |  | $ 8,000 |  |  |  |
Excess of Loss Reinsurance Transactions, Home Re Transactions |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Reinsurance Agreement, Optional Right, Percent Of Reinsurance Coverage Threshold |  |  | 10.00% |  |  |
Home Re 2019-1 |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Reinsurance Retention Policy, Reduction in Insurance Linked Notes | $ 187,100 |  |  |  |  |
Home Re 2021-1 |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Reinsurance Retention Policy, Reduction in Insurance Linked Notes | 91,100 |  |  |  |  |
Home Re 2021-2 |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Reinsurance Retention Policy, Reduction in Insurance Linked Notes | $ 106,700 |  |  |  |  |
Home Re special purpose insurers |  |  |  |  |  |
Effects of Reinsurance [Line Items] |  |  |  |  |  |
Percent of total trust assets invested in cash or direct U.S. federal government obligations (as a percent) |  |  | 99.50% |  |  |

X
- Definition Reinsurance Agreement, Optional Right, Percent Of Reinsurance Coverage Threshold + References No definition available. + Details
Name: | mtg_ReinsuranceAgreementOptionalRightPercentOfReinsuranceCoverageThreshold
Namespace Prefix: | mtg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reinsurance, Quota Share Reinsurance Agreement, Terms, Annual Loss Ratio Cap + References No definition available. + Details
Name: | mtg_ReinsuranceQuotaShareReinsuranceAgreementTermsAnnualLossRatioCap
Namespace Prefix: | mtg_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Reinsurance, Quota Share Reinsurance Agreement, Terms, Ceding Commission, Percent + References No definition available. + Details
Name: | mtg_ReinsuranceQuotaShareReinsuranceAgreementTermsCedingCommissionPercent
Namespace Prefix: | mtg_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reinsurance, Quota Share Reinsurance Agreement, Terms, Contingent Termination Fee + References No definition available. + Details
Name: | mtg_ReinsuranceQuotaShareReinsuranceAgreementTermsContingentTerminationFee
Namespace Prefix: | mtg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Reinsurance, Quota Share Reinsurance Agreement, Terms, Lifetime Loss Ratio Cap + References No definition available. + Details
Name: | mtg_ReinsuranceQuotaShareReinsuranceAgreementTermsLifetimeLossRatioCap
Namespace Prefix: | mtg_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Reinsurance, Quota Share Reinsurance Agreement, Terms, Quota Share, Percent + References No definition available. + Details
Name: | mtg_ReinsuranceQuotaShareReinsuranceAgreementTermsQuotaSharePercent
Namespace Prefix: | mtg_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reinsurance, Quota Share Reinsurance Agreement, Terms, Threshold For Private Mortgage Insurer Eligibility Requirements For Termination Election + References No definition available. + Details
Name: | mtg_ReinsuranceQuotaShareReinsuranceAgreementTermsThresholdForPrivateMortgageInsurerEligibilityRequirementsForTerminationElection
Namespace Prefix: | mtg_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reinsurance Retention Policy, Percent Of Total Trust Assets Invested In Cash Or Direct U.S. Federal Government Obligations + References No definition available. + Details
Name: | mtg_ReinsuranceRetentionPolicyPercentOfTotalTrustAssetsInvestedInCashOrDirectU.S.FederalGovernmentObligations
Namespace Prefix: | mtg_
Data Type: | dtr-types1:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Reinsurance Retention Policy, Reduction in Insurance Linked Notes + References No definition available. + Details
Name: | mtg_ReinsuranceRetentionPolicyReductionInInsuranceLinkedNotes
Namespace Prefix: | mtg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of earned premiums ceded to other entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.12-17(Column C)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480149/944-235-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479686/944-605-45-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 + Details
Name: | us-gaap_CededPremiumsEarned
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_EffectsOfReinsuranceLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Ratio of non-life losses and loss expenses to non-life net premiums earned. + References No definition available. + Details
Name: | us-gaap_LossRatio
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, after valuation allowance, recoverable under reinsurance contracts for losses reported to the ceding insurer but not yet paid and amounts expected for incurred losses and settlement expenses, which have not yet been reported to the ceding insurer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479584/944-310-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479838/944-20-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479616/944-310-45-6 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (cc) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
Name: | us-gaap_ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount, after valuation allowance, recoverable under reinsurance contracts for losses reported to and paid by the ceding insurer. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479584/944-310-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479838/944-20-50-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 45 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479616/944-310-45-6 + Details
Name: | us-gaap_ReinsuranceRecoverablesOnPaidLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_QuotaShareReinsuranceTransactionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_CreditUnionQuotaShareReinsuranceTransactionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_QuotaShareReinsuranceTransaction2020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_QuotaShareReinsuranceTransaction2020And20212020NIWMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_QuotaShareReinsuranceTransaction2019Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_QuotaShareReinsuranceTransactions20152019Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_QuotaShareReinsuranceTransactions20172018Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_HomeRe20191HomeRe20211AndHomeRe20212Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CededCreditRiskAxis=mtg_ExcessOfLossReinsuranceTransactionsHomeReTransactionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=mtg_HomeRe20191Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=mtg_HomeRe20211Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=mtg_HomeRe20212Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=mtg_HomeRespecialpurposeinsurersMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |