XML 86 R27.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Note 2 - Discontinued Operations (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block] | The income from discontinued operations, net of tax, consisted of the following components for the periods indicated:
| Three Months Ended March 31,
(In thousands) | 2015 |  | 2014
Net premiums earned | $ | 1,007 |  |  | $ | 6,903 |
Net investment income | 9,153 |  |  | 8,911 |
Net gains on investments and other financial instruments | 13,668 |  |  | 22,182 |
Change in fair value of derivative instruments | 2,625 |  |  | 50,086 |
Total revenues | 26,453 |  |  | 88,082 |
Provision for losses | 502 |  |  | 5,649 |
Policy acquisition costs | (191 | ) |  | 1,597 |
Other operating expense | 4,107 |  |  | 5,402 |
Total expenses | 4,418 |  |  | 12,648 |
Equity in net loss of affiliates | (13 | ) |  | (13 | )
Income from operations of businesses held for sale | 22,022 |  |  | 75,421 |
Loss on classification as held for sale | (13,930 | ) |  | — |
Income tax provision | 7,562 |  |  | 18,642 |
Income from discontinued operations, net of tax | $ | 530 |  |  | $ | 56,779 |
The assets and liabilities associated with the discontinued operations have been segregated in the condensed consolidated balance sheets. The following table summarizes the major components of Radian Asset Assurance’s assets and liabilities held for sale on the condensed consolidated balance sheets as of the dates indicated:
(In thousands) | March 31, 2015 |  | December 31, 2014
Fixed-maturity investments | $ | 226,334 |  |  | $ | 224,552 |
Equity securities | 4,019 |  |  | 3,749 |
Trading securities | 679,972 |  |  | 689,887 |
Short-term investments | 449,391 |  |  | 435,413 |
Other invested assets | 108,080 |  |  | 108,206 |
Other assets | 288,077 |  |  | 274,637 |
Total assets held for sale | $ | 1,755,873 |  |  | $ | 1,736,444 |
Unearned premiums | $ | 152,445 |  |  | $ | 158,921 |
Reserve for losses and LAE | 32,420 |  |  | 31,558 |
VIE debt | 82,238 |  |  | 85,016 |
Derivative liabilities | 187,462 |  |  | 183,370 |
Other liabilities | 511,513 |  |  | 488,143 |
Total liabilities held for sale | $ | 966,078 |  |  | $ | 947,008 |

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

X
- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration