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Note 5 - VIEs Financial Guaranty Insurance Contracts VIEs (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013
Balance Sheet Related Disclosures |  |  |  |  |  |  |  |
Derivative Assets | $ 22,033 |  |  | $ 22,033 |  |  | $ 16,642 |
Other assets | 395,454 |  |  | 395,454 |  |  | 377,647 |
Unearned premiums | 781,660 |  | 712,706 | 781,660 |  | 712,706 | 768,871 |
Reserve for losses and LAE | 1,749,435 |  | 2,716,490 | 1,749,435 |  | 2,716,490 | 2,185,421 |
Derivative liabilities | 200,227 |  | 350,576 | 200,227 |  | 350,576 | 307,185 |
VIE debt—at fair value | 93,631 |  | 106,767 | 93,631 |  | 106,767 | 94,645 |
Other liabilities | 330,954 |  |  | 330,954 |  |  | 395,852 |
Statement of Operations |  |  |  |  |  |  |  |
Premiums earned | 214,114 |  | 213,124 | 419,779 |  | 405,712 |  |
Net investment income | 25,737 |  | 27,615 | 49,966 |  | 54,488 |  |
Net gains (losses) on investments | 47,219 |  | (130,254) | 111,670 |  | (135,759) |  |
Change in fair value of derivative instruments, gain (loss) | 57,477 |  | 86,535 | 107,563 |  | (81,135) |  |
Net (losses) gains on other financial instruments | (1,909) |  | 1,188 | (1,211) |  | (4,487) |  |
Provision for losses, increase (decrease) | 69,343 |  | 140,291 | 124,152 |  | 272,350 |  |
Other operating expenses | 65,551 |  | 60,981 | 125,460 |  | 141,081 |  |
Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Primary Beneficiary [Member] |  |  |  |  |  |  |  |
Balance Sheet Related Disclosures |  |  |  |  |  |  |  |
Other Invested Assets, Carrying Amount | 82,334 |  |  | 82,334 |  |  | 81,000 |
Other assets | 90,551 |  |  | 90,551 |  |  | 92,023 |
Derivative liabilities | 52,186 |  |  | 52,186 |  |  | 68,457 |
VIE debt—at fair value | 90,394 |  |  | 90,394 |  |  | 91,800 |
Other liabilities | 195 |  |  | 195 |  |  | 254 |
Maximum exposure (1) | 133,572 | [1] |  | 133,572 | [1] |  | 121,628 | [1]
Statement of Operations |  |  |  |  |  |  |  |
Premiums earned | 0 |  | 0 |  |  |  |  |
Net investment income | 885 |  | 888 |  |  |  |  |
Net gains (losses) on investments | 450 |  | (1,935) |  |  |  |  |
Change in fair value of derivative instruments, gain (loss) | 15,141 |  | 4,539 |  |  |  |  |
Net (losses) gains on other financial instruments | 2,008 |  | 2,282 |  |  |  |  |
Provision for losses, increase (decrease) | 0 |  | 0 |  |  |  |  |
Other operating expenses | 884 |  | 995 |  |  |  |  |
Net cash inflow (outflow) for VIEs | 0 |  | 225 |  |  |  |  |
Financial Guarantee Insurance Product Line [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] |  |  |  |  |  |  |  |
Balance Sheet Related Disclosures |  |  |  |  |  |  |  |
Other Invested Assets, Carrying Amount | 0 |  |  | 0 |  |  | 0 |
Premiums receivable | 1,995 |  |  | 1,995 |  |  | 2,211 |
Unearned premiums | 1,528 |  |  | 1,528 |  |  | 1,872 |
Reserve for losses and LAE | 10,170 |  |  | 10,170 |  |  | 14,094 |
Derivative liabilities | 131,619 |  |  | 131,619 |  |  | 220,633 |
Other liabilities | 0 |  |  | 0 |  |  | 0 |
Maximum exposure (1) | 2,939,740 | [1] |  | 2,939,740 | [1] |  | 4,578,784 | [1]
Statement of Operations |  |  |  |  |  |  |  |
Premiums earned |  |  |  | 627 |  | 611 |  |
Net investment income |  |  |  | 0 |  | 0 |  |
Net gains (losses) on investments |  |  |  | 0 |  | 0 |  |
Change in fair value of derivative instruments, gain (loss) |  |  |  | 88,737 |  | (87,170) |  |
Net (losses) gains on other financial instruments |  |  |  | 0 |  | 0 |  |
Provision for losses, increase (decrease) |  |  |  | 1,504 |  | 819 |  |
Other operating expenses |  |  |  | 0 |  | 0 |  |
Net cash inflow (outflow) for VIEs |  |  |  | $ (5,246) |  | $ 2,742 |  |
[1] | The difference between the carrying amounts of the net asset/liability position and maximum exposure related to VIEs is primarily due to the difference between the face amount of the obligation and the recorded fair values, which include an adjustment for our non-performance risk, as applicable. For those VIEs that have recourse to our general credit, the maximum exposure is based on the net par amount of our insured obligation. For any VIEs that do not have recourse to our general credit, the maximum exposure is generally based on the recorded net assets of the VIE, as of the reporting date.

X
- Definition This concept represents the amount of cash that either comes in or goes out from the variable interest entities (both consolidated and non-consolidated VIEs). + References No definition available. + Details
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- Definition Net gains (losses) on other financial instruments. This primarily represents gains and losses on VIE debt. Also includes gains or losses from repurchases of long-term debt. + References No definition available. + Details
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- Definition This concept represents the amount of debt related to Variable Interest Entities that have been consolidated as the entity is the primary beneficiary of that VIE or has the ability to control its actions. + References No definition available. + Details
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13495-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=34720828&loc=SL20225862-175312 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=36459792&loc=SL20226008-175313 + Details
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41228-113958 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13495-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=34720828&loc=SL20225862-175312 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6945355&loc=d3e41271-113958 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=36459792&loc=SL20226008-175313 + Details
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 + Details
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- Definition This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph ((b)(7)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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- Definition Amount, after effect of policies assumed or ceded, of expense related to provision for policy benefits and costs incurred for property and casualty insurance contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.5) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 5 -Article 7 + Details
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- Definition The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -Subparagraph (a),(b),(c) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
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- Definition Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 16 -Article 12 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 2 -Article 7 + Details
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- Definition Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 17 -Article 12 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.12-17) -URI http://asc.fasb.org/extlink&oid=34713774&loc=d3e574992-122915 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.1) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 1 -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(c)) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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