XML 120 R103.htm IDEA: XBRL DOCUMENT v3.22.0.1
Variable Interest Entity and Noncontrolling Interests - Other variable interest entity disclosures (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Variable Interest Entity [Line Items]      
Total VIE Assets $ 45,100,945 $ 43,282,297 $ 37,885,361
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 3,248,206 2,232,609  
Bellemeade 2020-2 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Remaining Coverage, Amount 1,000    
Bellemeade 2020-3 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Remaining Coverage, Amount 16,000    
Bellemeade 2020-4 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Remaining Coverage, Amount 9,000    
Bellemeade 2021-1 Ltd Member | Directly provided capacity      
Variable Interest Entity [Line Items]      
Remaining Coverage, Amount 61,000    
Bellemeade 2021-2 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Remaining Coverage, Amount 93,000    
Bellemeade 2021-3 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Remaining Coverage, Amount 131,000    
Variable Interest Entity, Not Primary Beneficiary      
Variable Interest Entity [Line Items]      
Total VIE Assets 4,336,596 3,859,058  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (4,434) (7,969)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 42,202 56,320  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 37,768 48,351  
Initial Coverage at Issuance 6,626,664    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2017-1 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 108,368 145,573  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (159) (245)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 424 844  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 265 599  
Initial Coverage at Issuance [1] 368,114    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2018-1 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 181,136 250,095  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (528) (903)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 1,268 2,245  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 740 1,342  
Initial Coverage at Issuance [2] 374,460    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2018-2 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 0 108,395  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net 0 (138)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 0 280  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 0 142  
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2018-3 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 302,563 302,563  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (1,018) (1,320)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 2,496 3,262  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 1,478 1,942  
Initial Coverage at Issuance [3] 506,110    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2019-1 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 181,324 219,256  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (380) (1,361)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 5,807 8,461  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 5,427 7,100  
Initial Coverage at Issuance [4] 341,790    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2019-2 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 398,316 398,316  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (515) (730)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 3,998 5,201  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 3,483 4,471  
Initial Coverage at Issuance [5] 621,022    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2019-3 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 409,859 528,084  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (584) (861)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 3,190 5,079  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 2,606 4,218  
Initial Coverage at Issuance [6] 700,920    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2019-4 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 411,954 468,737  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (462) (890)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 4,759 6,676  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 4,297 5,786  
Initial Coverage at Issuance [7] 577,267    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-1 Ltd.      
Variable Interest Entity [Line Items]      
Total VIE Assets 0 275,068  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net 0 (178)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 0 1,012  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 0 834  
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-2 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets [8] 217,766 423,420  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net [8] (177) (556)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet [8] 1,984 6,839  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [8] 1,807 6,283  
Initial Coverage at Issuance [9] 449,167    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-2 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Initial Coverage at Issuance 26,000    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-3 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets [10] 348,818 418,158  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net [10] (128) (631)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet [10] 5,793 9,605  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [10] 5,665 8,974  
Initial Coverage at Issuance [11] 451,816    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-3 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Initial Coverage at Issuance 34,000    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-4 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets [12] 176,826 321,393  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net [12] (50) (156)  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet [12] 1,630 6,816  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [12] 1,580 6,660  
Initial Coverage at Issuance [13] 337,013    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2020-4 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Initial Coverage at Issuance 16,000    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2021-1 Ltd Member      
Variable Interest Entity [Line Items]      
Total VIE Assets 568,986 [14] 0  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (303) [14] 0  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 3,283 [14] 0  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 2,980 [14] 0  
Initial Coverage at Issuance [15] 643,577    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2021-1 Ltd Member | Directly provided capacity      
Variable Interest Entity [Line Items]      
Initial Coverage at Issuance 64,000    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2021-2 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 522,807 [16] 0  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net 281 [16] 0  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 4,124 [16] 0  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 4,405 [16] 0  
Initial Coverage at Issuance [17] 616,017    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2021-2 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Initial Coverage at Issuance 93,000    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2021-3 Ltd      
Variable Interest Entity [Line Items]      
Total VIE Assets 507,873 [18] 0  
Variable Interest Entity, Maximum Exposure to Loss, On Balance Sheet, Asset (Liability) Net (411) [18] 0  
Variable Interest Entity, Maximum Exposure to Loss, Off Balance Sheet 3,446 [18] 0  
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 3,035 [18] $ 0  
Initial Coverage at Issuance [19] 639,391    
Variable Interest Entity, Not Primary Beneficiary | Bellemeade 2021-3 Ltd | Directly provided capacity      
Variable Interest Entity [Line Items]      
Initial Coverage at Issuance $ 131,000    
[1] Issued in October 2017, covering in-force policies issued between January 1, 2017 and June 30, 2017.
[2] Issued in April 2018, covering in-force policies issued between July 1, 2017 and December 31, 2017.
[3] Issued in October 2018, covering in-force policies issued between January 1, 2018 and June 30, 2018.
[4] Issued in March 2019, covering in-force policies primarily issued between 2005 to 2008 under United Guaranty Residential Insurance Company (“UGRIC”); as well as policies issued through 2015 under both UGRIC and Arch Mortgage Insurance Company.
[5] Issued in April 2019, covering in-force policies issued between July 1, 2018 and December 31, 2018.
[6] Issued in July 2019, covering in-force policies issued in 2016.
[7] Issued in October 2019, covering in-force policies issued between January 1, 2019 and June 30, 2019.
[8] At December 31, 2021, $1 million of coverage from a separate panel of reinsurers is remaining (not reflected in this table)
[9] Issued in September 2020, covering in-force policies issued between January 1, 2020 and May 31, 2020. $423 million was directly funded by Bellemeade 2020-2 Ltd. with an additional $26 million of capacity provided directly to Arch MI U.S. by a separate panel of reinsurers
[10] At December 31, 2021, $16 million of coverage from a separate panel of reinsurers is remaining (not reflected in this table).
[11] Issued in November 2020, covering in-force policies issued between June 1, 2020 and August 31, 2020. $418 million was directly funded by Bellemeade 2020-3 Ltd. with an additional $34 million of capacity provided directly to Arch MI U.S. by a separate panel of reinsurers.
[12] At December 31, 2021, $9 million of coverage from a separate panel of reinsurers is remaining (not reflected in this table).
[13] Issued in December 2020, covering in-force policies issued between July 1, 2019 and December 31, 2019. $321 million was directly funded by Bellemeade 2020-4 Ltd. with an additional $16 million of capacity provided directly to Arch MI U.S. by a separate panel of reinsurers
[14] At December 31, 2021, $61 million of coverage from a separate panel of reinsurers is remaining (not reflected in this table).
[15] Issued in March 2021, covering in-force policies issued between September 1, 2020 and November 30, 2020. $580 million was directly funded by Bellemeade Re 2021-1 Ltd. with an additional $64 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers.
[16] At December 31, 2021, $93 million of coverage from a separate panel of reinsurers is remaining (not reflected in this table).
[17] Issued in June 2021, covering in-force policies issued between December 1, 2020 and March 31, 2021. $523 million was directly funded by Bellemeade Re 2021-2 Ltd. via insurance-linked notes, with an additional $93 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers
[18] At December 31, 2021, $131 million of coverage from a separate panel of reinsurers is remaining (not reflected in this table).
[19] Issued in September 2021, covering in-force policies issued between April 1, 2021 and June 30, 2021. $508 million was directly funded by Bellemeade Re 2021-3 Ltd. via insurance-linked notes, with an additional $131 million capacity provided directly to Arch MI U.S. by a separate panel of reinsurers