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Note 3 - Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2015
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Summarized financial information concerning our operating segments as of and for the periods indicated, is as follows:
| Three Months Ended March 31, 2015
(In thousands) | Mortgage Insurance |  | Services |  | Total
Net premiums written—insurance | $ | 241,908 |  |  | $ | — |  |  | $ | 241,908 |
Increase in unearned premiums | (17,313 | ) |  | — |  |  | (17,313 | )
Net premiums earned—insurance | 224,595 |  |  | — |  |  | 224,595 |
Services revenue | — |  |  | 30,742 |  |  | 30,742 |
Net investment income (1) | 17,328 |  |  | — |  |  | 17,328 |
Other income (1) | 1,331 |  |  | 790 |  |  | 2,121 |
Total (2) | 243,254 |  |  | 31,532 |  |  | 274,786 |
Provision for losses | 45,851 |  |  | — |  |  | 45,851 |
Policy acquisition costs | 7,750 |  |  | — |  |  | 7,750 |
Direct cost of services | — |  |  | 18,451 |  |  | 18,451 |
Other operating expenses before corporate allocations (3) | 34,050 |  |  | 9,659 |  |  | 43,709 |
Total (4) | 87,651 |  |  | 28,110 |  |  | 115,761 |
Adjusted pretax operating income before corporate allocations | 155,603 |  |  | 3,422 |  |  | 159,025 |
Allocation of corporate operating expenses (1) | 9,758 |  |  | 981 |  |  | 10,739 |
Allocation of interest expense (1) | 19,953 |  |  | 4,432 |  |  | 24,385 |
Adjusted pretax operating income (loss) | $ | 125,892 |  |  | $ | (1,991 | ) |  | $ | 123,901 |
Cash and investments | $ | 3,669,413 |  |  | $ | 9,437 |  |  | $ | 3,678,850 |
Restricted cash | 11,348 |  |  | 2,872 |  |  | 14,220 |
Goodwill | — |  |  | 194,246 |  |  | 194,246 |
Other intangible assets, net | — |  |  | 99,552 |  |  | 99,552 |
Assets held for sale (5) | — |  |  | — |  |  | 1,755,873 |
Total assets (5) | 4,708,744 |  |  | 349,238 |  |  | 6,813,855 |
Unearned premiums | 657,555 |  |  | — |  |  | 657,555 |
Reserve for losses and LAE | 1,384,714 |  |  | — |  |  | 1,384,714 |
NIW (in millions) | $ | 9,385 |  |  |  |  |
____________
(1) | Includes certain corporate income and expenses that have been reallocated to the Mortgage Insurance segment that were previously allocated to the former financial guaranty segment, but were not reclassified to discontinued operations. These items include net investment income of $0.9 million, corporate overhead expenses of $2.1 million and interest expense of $9.9 million.
(2) | Excludes net gains on investments and other financial instruments of $16.8 million, not included in adjusted pretax operating income. Includes inter-segment revenues of $0.9 million in the Services segment.
(3) | Excludes $0.2 million of acquisition-related expenses not included in segment other operating expenses.
(4) | Includes inter-segment expenses of $0.9 million in the Mortgage Insurance segment.
(5) | Assets held for sale are not part of the Mortgage Insurance or Services segments.
| Three Months Ended March 31, 2014
(In thousands) | Mortgage Insurance |  | Services |  | Total
Net premiums written—insurance | $ | 212,953 |  |  | $ | — |  |  | $ | 212,953 |
Increase in unearned premiums | (14,191 | ) |  | — |  |  | (14,191 | )
Net premiums earned—insurance | 198,762 |  |  | — |  |  | 198,762 |
Net investment income (1) | 15,318 |  |  | — |  |  | 15,318 |
Other income (1) | 996 |  |  | 130 |  |  | 1,126 |
Total (2) | 215,076 |  |  | 130 |  |  | 215,206 |
Provision for losses | 49,626 |  |  | — |  |  | 49,626 |
Change in expected economic loss or recovery for consolidated VIEs | 139 |  |  | — |  |  | 139 |
Policy acquisition costs | 7,017 |  |  | — |  |  | 7,017 |
Other operating expenses before corporate allocations | 37,764 |  |  | 859 |  |  | 38,623 |
Total | 94,546 |  |  | 859 |  |  | 95,405 |
Adjusted pretax operating income (loss) before corporate allocations | 120,530 |  |  | (729 | ) |  | 119,801 |
Allocation of corporate operating expenses (1) | 15,884 |  |  | — |  |  | 15,884 |
Allocation of interest expense (1) | 19,927 |  |  | — |  |  | 19,927 |
Adjusted pretax operating income (loss) | $ | 84,719 |  |  | $ | (729 | ) |  | $ | 83,990 |
Cash and investments | $ | 3,302,763 |  |  | $ | 24 |  |  | $ | 3,302,787 |
Restricted cash | 22,366 |  |  | — |  |  | 22,366 |
Goodwill | — |  |  | 2,095 |  |  | 2,095 |
Other intangible assets, net | — |  |  | 188 |  |  | 188 |
Assets held for sale (3) | — |  |  | — |  |  | 1,795,185 |
Total assets (3) | 3,731,139 |  |  | 2,661 |  |  | 5,528,985 |
Unearned premiums | 580,453 |  |  | — |  |  | 580,453 |
Reserve for losses and LAE | 1,893,960 |  |  | — |  |  | 1,893,960 |
NIW (in millions) | $ | 6,808 |  |  |  |  |
________________
(1) | Includes certain corporate income and expenses that have been reallocated to the Mortgage Insurance segment that were previously allocated to the former financial guaranty segment, but were not reclassified to discontinued operations. These items include net investment income of $1.3 million, other income of $0.1 million, corporate overhead expenses of $4.1 million and interest expense of $14.6 million.
(2) | Excludes net gains on investments and other financial instruments of $43.1 million, not included in adjusted pretax operating income.
(3) | Assets held for sale are not part of the Mortgage Insurance or Services segments.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | The reconciliation of adjusted pretax operating income to consolidated pretax income from continuing operations is as follows:
| Three Months Ended March 31, |
(In thousands) | 2015 |  | 2014 |
Adjusted pretax operating income (loss): |  |  |  |
Mortgage Insurance (1) (2) | $ | 125,892 |  |  | $ | 84,719 |  |
Services (3) | (1,991 | ) |  | (729 | ) |
Total adjusted pretax operating income | 123,901 |  |  | 83,990 |  |
Net gains on investments and other financial instruments | 16,779 |  |  | 43,107 |  | (4)
Acquisition-related expenses | (207 | ) |  | — |  |
Amortization and impairment of intangible assets | (3,023 | ) |  | — |  |
Consolidated pretax income from continuing operations | $ | 137,450 |  |  | $ | 127,097 |  |
______________
(1) | Includes certain corporate income and expenses that have been reallocated to the Mortgage Insurance segment for all periods presented, as listed in the preceding detailed tables. These amounts represent items that were previously allocated to the former financial guaranty segment, but were not reclassified to discontinued operations.
(2) | Includes inter-segment expenses of $0.9 million for the three months ended March 31, 2015.
(3) | Includes inter-segment revenues of $0.9 million for the three months ended March 31, 2015.
(4) | The change in expected economic loss or recovery associated with our consolidated VIEs is included in adjusted pretax operating income above. Therefore, for purposes of this reconciliation, net gains on investments and other financial instruments has been adjusted by $0.1 million for the three months ended March 31, 2014 to reverse this item, which represents an amount that is not included in net income.

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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