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Note 2 - Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Net premiums earned | $ | — |  |  | $ | 10,468 |  |  | $ | 1,007 |  |  | $ | 17,371 |
Net investment income | — |  |  | 9,074 |  |  | 9,153 |  |  | 17,985 |
Net gains on investments and other financial instruments | 7,818 |  |  | 19,978 |  |  | 21,486 |  |  | 42,159 |
Change in fair value of derivative instruments | — |  |  | 57,477 |  |  | 2,625 |  |  | 107,563 |
Other income | — |  |  | 78 |  |  | — |  |  | 79 |
Total revenues | 7,818 |  |  | 97,075 |  |  | 34,271 |  |  | 185,157 |
Provision for losses | — |  |  | 5,078 |  |  | 502 |  |  | 10,727 |
Policy acquisition costs | — |  |  | 1,675 |  |  | (191 | ) |  | 3,272 |
Other operating expense | — |  |  | 4,800 |  |  | 4,107 |  |  | 10,202 |
Total expenses | — |  |  | 11,553 |  |  | 4,418 |  |  | 24,201 |
Equity in net loss of affiliates | — |  |  | — |  |  | (13 | ) |  | (13 | )
Income from operations of businesses held for sale | 7,818 |  |  | 85,522 |  |  | 29,840 |  |  | 160,943 |
Loss on sale | (350 | ) |  | — |  |  | (14,280 | ) |  | — |
Income tax provision | 2,613 |  |  | 14,226 |  |  | 10,175 |  |  | 32,868 |
Income from discontinued operations, net of tax | $ | 4,855 |  |  | $ | 71,296 |  |  | $ | 5,385 |  |  | $ | 128,075 |
The assets and liabilities associated with the discontinued operations have been segregated in the condensed consolidated balance sheets for periods prior to the sale. 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 date indicated:
(In thousands) | December 31, 2014
Fixed-maturity investments | $ | 224,552 |
Equity securities | 3,749 |
Trading securities | 689,887 |
Short-term investments | 435,413 |
Other invested assets | 108,206 |
Other assets | 274,637 |
Total assets held for sale | $ | 1,736,444 |
Unearned premiums | $ | 158,921 |
Reserve for losses and LAE | 31,558 |
VIE debt | 85,016 |
Derivative liabilities | 183,370 |
Other liabilities | 488,143 |
Total liabilities held for sale | $ | 947,008 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: 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=51717284&loc=d3e1474-107760 Reference 4: 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=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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