XML 80 R70.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Reporting - Schedule of Segment Reporting (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net premiums earned $ 248,809 $ 251,891 $ 494,657 $ 497,481
Net investment income 59,289 56,086 117,499 108,171
Realized investment losses, net (129) (1,164) (310) (2,304)
Income (loss) from other invested assets 4,466 (419) 11,874 (2,334)
Other income 6,708 6,548 12,981 10,285
Total revenues 319,143 312,942 636,701 611,299
Losses and expenses:        
Provision (benefit) for losses and LAE 17,055 (334) 48,342 9,579
Compensation and benefits 30,719 33,364 70,411 68,073
Premium and other taxes 6,495 5,938 13,398 11,672
Ceding commission (6,910) (5,715) (13,418) (11,268)
Other underwriting and operating expenses 32,461 32,615 63,498 64,565
Other underwriting and operating expenses 62,765 66,202 133,889 133,042
Interest expense 8,148 7,849 16,296 15,711
Income before income taxes 231,175 239,225 438,174 452,967
Mortgage Insurance        
Losses and expenses:        
Other underwriting and operating expenses 36,252 39,236 79,859 81,081
Interest expense 0 0 0 0
Income before income taxes 238,206 249,094 452,746 472,660
Mortgage Insurance | Operating Segments        
Revenues:        
Net premiums earned 233,907 235,258 467,537 465,564
Net investment income 48,892 46,708 96,522 90,909
Realized investment losses, net (124) (1,156) (225) (2,296)
Income (loss) from other invested assets 3,619 1,633 6,828 1,114
Other income 3,523 4,662 8,024 6,562
Total revenues 289,817 287,105 578,686 561,853
Losses and expenses:        
Provision (benefit) for losses and LAE 15,359 (1,225) 46,081 8,112
Compensation and benefits 16,793 17,756 36,683 36,463
Premium and other taxes 6,000 5,568 11,574 11,176
Ceding commission (6,910) (5,715) (13,418) (11,268)
Other underwriting and operating expenses 11,128 10,787 22,765 22,252
Other underwriting and operating expenses $ 27,011 $ 28,396 $ 57,604 $ 58,623
Loss ratio 6.60% (0.50%) 9.90% 1.70%
Expense ratio 15.50% 16.70% 17.10% 17.40%
Combined ratio 22.10% 16.20% 26.90% 19.20%
Mortgage Insurance | Corporate expense allocations        
Losses and expenses:        
Other underwriting and operating expenses $ 9,241 $ 10,840 $ 22,255 $ 22,458
Corporate & Other        
Losses and expenses:        
Other underwriting and operating expenses 26,513 26,966 54,030 51,961
Interest expense 8,148 7,849 16,296 15,711
Income before income taxes (7,031) (9,869) (14,572) (19,693)
Corporate & Other | Operating Segments        
Revenues:        
Net premiums earned 14,902 16,633 27,120 31,917
Net investment income 10,397 9,378 20,977 17,262
Realized investment losses, net (5) (8) (85) (8)
Income (loss) from other invested assets 847 (2,052) 5,046 (3,448)
Other income 3,185 1,886 4,957 3,723
Total revenues 29,326 25,837 58,015 49,446
Losses and expenses:        
Provision (benefit) for losses and LAE 1,696 891 2,261 1,467
Compensation and benefits 13,926 15,608 33,728 31,610
Premium and other taxes 495 370 1,824 496
Ceding commission 0 0 0 0
Other underwriting and operating expenses 21,333 21,828 40,733 42,313
Other underwriting and operating expenses 35,754 37,806 76,285 74,419
Corporate & Other | Corporate expense allocations        
Losses and expenses:        
Other underwriting and operating expenses $ (9,241) $ (10,840) $ (22,255) $ (22,458)