XML 111 R74.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 9 - Losses and LAE Mortgage Insurance Loss Reserves Rollforward (Details) (USD $) |  |  |  | 3 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 9 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2014 Mortgage Insurance Segment percentagepoint | Sep. 30, 2013 Mortgage Insurance Segment | Sep. 30, 2014 Mortgage Insurance Segment percentagepoint | Sep. 30, 2013 Mortgage Insurance Segment | Sep. 30, 2014 Mortgage Insurance Segment Primary Mortgage Product [Member] | Dec. 31, 2013 Mortgage Insurance Segment Primary Mortgage Product [Member] | Sep. 30, 2013 2013 Freddie Mac Agreement [Member] Mortgage Insurance Segment | Sep. 30, 2013 2013 Freddie Mac Agreement [Member] Mortgage Insurance Segment
Loss reserve [Roll Forward] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1 | $ 1,620,351,000 | $ 2,185,421,000 | $ 2,346,879,000 | $ 1,714,681,000 |  | $ 2,690,861,000 |  | $ 2,164,353,000 |  | $ 3,083,608,000 |  |  |  |  |
Less reinsurance recoverables | 23,335,000 | 46,846,000 |  | 22,458,000 | [1] | 58,427,000 | [1] | 38,363,000 | [1] | 83,238,000 | [1] |  |  |  |
Balance at beginning of period, net of reinsurance recoverables |  |  |  | 1,692,223,000 |  | 2,632,434,000 |  | 2,125,990,000 |  | 3,000,370,000 |  |  |  |  |
Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current year |  |  |  | 106,927,000 | [2] | 140,015,000 | [2] | 339,496,000 | [2] | 477,155,000 | [2] |  |  |  |
Prior years |  |  |  | (58,370,000) |  | 11,997,000 |  | (177,514,000) |  | (56,777,000) |  |  |  |  |
Total incurred losses and LAE |  |  |  | 48,557,000 |  | 152,012,000 |  | 161,982,000 |  | 420,378,000 |  |  |  |  |
Deduct paid claims and LAE related to [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Paid Losses and LAE Current year |  |  |  | 2,911,000 | [2] | 21,334,000 | [2] | 3,348,000 | [2] | 21,483,000 | [2] |  |  |  |
Paid losses and LAE Prior years |  |  |  | 170,939,000 |  | 498,002,000 |  | 717,694,000 |  | 1,134,155,000 |  |  |  |  |
Total paid losses and LAE |  |  |  | 173,850,000 |  | 519,336,000 |  | 721,042,000 |  | 1,155,638,000 |  |  |  | 254,700,000 | 254,700,000
Balance at end of period, net of reinsurance recoverables |  |  |  | 1,566,930,000 |  | 2,265,110,000 |  | 1,566,930,000 |  | 2,265,110,000 |  |  |  |  |
Add reinsurance recoverables | 23,335,000 | 46,846,000 |  | 21,201,000 | [1] | 49,675,000 | [1] | 21,201,000 | [1] | 49,675,000 | [1] |  |  |  |
Balance at September 30 | 1,620,351,000 | 2,185,421,000 | 2,346,879,000 | 1,588,131,000 |  | 2,314,785,000 |  | 1,588,131,000 |  | 2,314,785,000 |  |  |  |  |
Default To Claim Rate Detail [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Default To Claim Rate Assumption Net Of Denials Rescissions and Reinstatements |  |  |  |  |  |  |  |  |  |  |  | 53.00% | 50.00% |  |
Weighted Average Default To Claim Rate Assumption Excluding Pending Claims Net Of Denials And Rescissions |  |  |  |  |  |  |  |  |  |  |  | 47.00% |  |  |
Default To Claim Rate Estimate, Gross, For New Defaults |  |  |  |  |  |  |  |  |  |  |  | 17.00% |  |  |
Default To Claim Estimate, Gross, For Foreclosure Stage Defaults |  |  |  |  |  |  |  |  |  |  |  | 81.00% |  |  |
Impact To Our Loss Reserves Due To Estimated Rescissions And Denials [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Percentage Point Change In Severity Used In Assumption Shift Analysis |  |  |  | 1 |  |  |  | 1 |  |  |  |  |  |  |
First Lien Primary Claim Severity |  |  |  |  |  |  |  | 103.00% |  |  |  |  |  |  |
Impact To Loss Reserves Based On One Percentage Change In Primary Claim Severity |  |  |  | 12,000,000 |  |  |  | 12,000,000 |  |  |  |  |  |  |
Percentage Point Default to Claim Rate Used In Assumption Shift Analysis |  |  |  | 1 |  |  |  | 1 |  |  |  |  |  |  |
Impact To Loss Reserves Based On One Percentage Change in Default To Claim Rate |  |  |  | $ 23,000,000 |  |  |  | $ 23,000,000 |  |  |  |  |  |  |
[1] | Related to ceded losses on captive reinsurance transactions and the QSR 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.

X
- Details
Name: | rdn_DecreaseToOurLossReservesDueToEstimatedRescissionsAndDenialsAbstract
Namespace Prefix: | rdn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This concept represents the rate at which defaulted loans that have reached the stage where the foreclosure sale has been scheduled or held are expected to result in a claim. + References No definition available. + Details
Name: | rdn_DefaultToClaimEstimateGrossForForeclosureStageDefaults
Namespace Prefix: | rdn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | rdn_DefaultToClaimRateDetailAbstract
Namespace Prefix: | rdn_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This concept represents the rate at which newly reported defaulted loans are expected to result in a claim. + References No definition available. + Details
Name: | rdn_DefaultToClaimRateEstimateGrossForNewDefaults
Namespace Prefix: | rdn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition This concept represents the calculated amount of claim paid by the original loan amount which represents the severity of the claim. The main determinants of the severity of a claim are the size of the loan, the amount of insurance coverage placed on the loan and the impact of loss mitigation activities. + References No definition available. + Details
Name: | rdn_FirstLienPrimaryClaimSeverity
Namespace Prefix: | rdn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Impact To Loss Reserves Based On One Percentage Change in Default To Claim Rate + References No definition available. + Details
Name: | rdn_ImpactToLossReservesBasedOnOnePercentageChangeInDefaultToClaimRate
Namespace Prefix: | rdn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Impact To Loss Reserves Based On One Percentage Change In Primary Claim Severity + References No definition available. + Details
Name: | rdn_ImpactToLossReservesBasedOnOnePercentageChangeInPrimaryClaimSeverity
Namespace Prefix: | rdn_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage Point Change In Severity Used In Assumption Shift Analysis + References No definition available. + Details
Name: | rdn_PercentagePointChangeInSeverityUsedInAssumptionShiftAnalysis
Namespace Prefix: | rdn_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of percentage point shift in our default to claim rate used in our assumption shift analysis. + References No definition available. + Details
Name: | rdn_PercentagePointDefaulttoClaimRateUsedInAssumptionShiftAnalysis
Namespace Prefix: | rdn_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Weighted Average Default To Claim Rate Assumption Excluding Pending Claims Net Of Denials And Rescissions + References No definition available. + Details
Name: | rdn_WeightedAverageDefaultToClaimRateAssumptionExcludingPendingClaimsNetOfDenialsAndRescissions
Namespace Prefix: | rdn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The concept represents the rate at which defaulted loans are expected to result in claim net of denials, rescissions and reinstatements. + References No definition available. + Details
Name: | rdn_WeightedAverageDefaultToClaimRateAssumptionNetOfDenialsRescissionsAndReinstatements
Namespace Prefix: | rdn_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of payments to settle claims incurred in the current period and related claims settlement costs. + 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 (c) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of payments to settle claims incurred in prior periods and related claims settlement costs. + 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 (c) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of expense for claims incurred and costs incurred in the claim settlement process. + 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
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaimsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Liability as of the balance sheet date for amounts representing estimated cost of settling unpaid claims under the terms of the underlying insurance policies, less estimated reinsurance recoveries on such claims. This includes an estimate for claims which have been incurred but not reported. Claim adjustment expenses represent the costs estimated to be incurred in the settlement of unpaid 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 (a) -URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Financial Reporting Release (FRR) -Number 403 -Paragraph 04 -Subparagraph b Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Subparagraph a -Article 7 + Details
Name: | us-gaap_LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_MovementInLiabilityForFuturePolicyBenefitsRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of payments to settle insured claims and pay costs incurred in the claims settlement process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 25 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3536-108585 + Details
Name: | us-gaap_PaymentsForLossesAndLossAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after valuation allowance recoverable including premium paid under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 6 -Article 7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6480758&loc=d3e6824-158387 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.(a),6) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
Name: | us-gaap_ReinsuranceRecoverables
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of expense for claims incurred in the current reporting period and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 235 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-18) -URI http://asc.fasb.org/extlink&oid=34713774&loc=d3e575016-122915 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 18 -Article 12 + Details
Name: | us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense for claims incurred in prior reporting periods and related claims settlement costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 235 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-18) -URI http://asc.fasb.org/extlink&oid=34713774&loc=d3e575016-122915 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 18 -Article 12 + Details
Name: | us-gaap_SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration