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Note 9 - Losses and LAE (Tables) | 6 Months Ended
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Jun. 30, 2014
Insurance Loss Reserves [Abstract] |
Loss Reserves By Segment [Table Text Block] | Our reserve for losses and LAE, as of the dates indicated, consisted of:
(In thousands) | June 30, 2014 |  | December 31, 2013
Mortgage insurance reserves | $ | 1,714,681 |  |  | $ | 2,164,353 |
Financial guaranty reserves | 34,754 |  |  | 21,068 |
Total reserve for losses and LAE | $ | 1,749,435 |  |  | $ | 2,185,421 |
Schedule of Liability for Future Policy Benefits, by Product Segment [Table Text Block] | The following table shows our mortgage insurance reserve for losses and LAE by category at the end of each period indicated:
(In thousands) | June 30, 2014 |  | December 31, 2013
Reserves for losses by category: |  |  |
Prime | $ | 701,718 |  |  | $ | 937,307 |
Alternative-A | 323,490 |  |  | 384,841 |
A minus and below | 174,922 |  |  | 215,545 |
Incurred but not reported (“IBNR”) and other | 326,821 |  |  | 347,698 |
LAE | 50,071 |  |  | 51,245 |
Reinsurance recoverable (1) | 22,458 |  |  | 38,363 |
Total primary reserves | 1,599,480 |  |  | 1,974,999 |
Pool | 104,424 |  |  | 169,682 |
IBNR and other | 4,621 |  |  | 8,938 |
LAE | 4,180 |  |  | 5,439 |
Total pool reserves | 113,225 |  |  | 184,059 |
Total first-lien reserves | 1,712,705 |  |  | 2,159,058 |
Second-lien and other (2) | 1,976 |  |  | 5,295 |
Total reserve for losses | $ | 1,714,681 |  |  | $ | 2,164,353 |
______________________
(1) | Primarily represents ceded losses on captive transactions and the Reinsurance Transactions.
(2) | Does not include our second-lien premium deficiency reserve that is included in other liabilities.
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block] | The following table presents information relating to our mortgage insurance reserves for losses, including IBNR reserves and LAE, for the periods indicated:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In thousands) | 2014 |  | 2013 |  | 2014 |  | 2013
Mortgage Insurance |  |  |  |  |  |  |
Balance at beginning of period | $ | 1,893,960 |  |  | $ | 2,894,500 |  |  | $ | 2,164,353 |  |  | $ | 3,083,608 |
Less reinsurance recoverables (1) | 25,751 |  |  | 72,101 |  |  | 38,363 |  |  | 83,238 |
Balance at beginning of period, net of reinsurance recoverables | 1,868,209 |  |  | 2,822,399 |  |  | 2,125,990 |  |  | 3,000,370 |
Add losses and LAE incurred in respect of default notices reported and unreported in: |  |  |  |  |  |  |
Current year (2) | 89,873 |  |  | 154,606 |  |  | 232,569 |  |  | 337,140 |
Prior years | (25,608 | ) |  | (18,196 | ) |  | (119,144 | ) |  | (68,774 | )
Total incurred | 64,265 |  |  | 136,410 |  |  | 113,425 |  |  | 268,366 |
Deduct paid claims and LAE related to: |  |  |  |  |  |  |
Current year (2) | 437 |  |  | 149 |  |  | 437 |  |  | 149 |
Prior years | 239,814 |  |  | 326,226 |  |  | 546,755 |  |  | 636,153 |
Total paid | 240,251 |  |  | 326,375 |  |  | 547,192 |  |  | 636,302 |
Balance at end of period, net of reinsurance recoverables | 1,692,223 |  |  | 2,632,434 |  |  | 1,692,223 |  |  | 2,632,434 |
Add reinsurance recoverables (1) | 22,458 |  |  | 58,427 |  |  | 22,458 |  |  | 58,427 |
Balance at June 30 | $ | 1,714,681 |  |  | $ | 2,690,861 |  |  | $ | 1,714,681 |  |  | $ | 2,690,861 |
_________________________
(1) | Related to ceded losses on captive reinsurance transactions and the Reinsurance Transactions. See Note 8 for additional information.
(2) | Related to underlying defaulted loans with a most recent default notice dated in the year indicated. For example, if a loan had defaulted in a prior year, but then subsequently cured and later re-defaulted in the current year, that default would be considered a current year default.
Rescissions And Denials [Table Text Block] | The following table illustrates the amount of first-lien claims submitted to us for payment that were rescinded or denied, for the periods indicated, net of any reinstatements of previously rescinded policies or denied claims within each period:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2014 |  | 2013 |  | 2014 |  | 2013
Rescissions | $ | 17.7 |  |  | $ | 19.6 |  |  | $ | 33.8 |  |  | $ | 34.9 |
Denials | (6.2 | ) |  | 100.0 |  |  | 6.0 |  |  | 127.2 |
Total first-lien claims submitted for payment that were rescinded or denied (1) | $ | 11.5 |  |  | $ | 119.6 |  |  | $ | 39.8 |  |  | $ | 162.1 |
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(1) | Includes an amount related to a small number of submitted claims that were subsequently withdrawn by the insured.

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- Definition The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range. + 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 SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Article 7 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.13) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + 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 (b) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
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