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Note 3 - Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2015
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Summarized operating results for our segments as of and for the periods indicated, are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Mortgage Insurance |  |  |  |  |  |  |
Net premiums written—insurance | $ | 242,168 |  |  | $ | 245,775 |  |  | $ | 735,158 |  |  | $ | 680,675 |
Increase in unearned premiums | (14,735 | ) |  | (27,948 | ) |  | (45,693 | ) |  | (60,440 | )
Net premiums earned—insurance | 227,433 |  |  | 217,827 |  |  | 689,465 |  |  | 620,235 |
Net investment income (1) | 22,091 |  |  | 17,143 |  |  | 58,704 |  |  | 49,124 |
Other income (1) | 1,711 |  |  | 1,037 |  |  | 4,785 |  |  | 3,653 |
Total | 251,235 |  |  | 236,007 |  |  | 752,954 |  |  | 673,012 |
Provision for losses | 64,128 |  |  | 48,942 |  |  | 141,616 |  |  | 163,216 |
Change in expected economic loss or recovery for consolidated VIEs | — |  |  | (190 | ) |  | — |  |  | 129 |
Policy acquisition costs | 2,880 |  |  | 4,240 |  |  | 17,593 |  |  | 18,003 |
Other operating expenses before corporate allocations | 36,632 |  |  | 33,679 |  |  | 112,535 |  |  | 107,799 |
Total (2) | 103,640 |  |  | 86,671 |  |  | 271,744 |  |  | 289,147 |
Adjusted pretax operating income before corporate allocations | 147,595 |  |  | 149,336 |  |  | 481,210 |  |  | 383,865 |
Allocation of corporate operating expenses (1) | 14,893 |  |  | 8,520 |  |  | 37,167 |  |  | 41,425 |
Allocation of interest expense (1) | 16,797 |  |  | 19,565 |  |  | 56,820 |  |  | 61,840 |
Adjusted pretax operating income | $ | 115,905 |  |  | $ | 121,251 |  |  | $ | 387,223 |  |  | $ | 280,600 |
____________
(1) | For periods prior to the April 1, 2015 sale of Radian Asset Assurance, 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, as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2014 |  | 2015 |  | 2014
Net investment income | $ | 1,239 |  |  | $ | 882 |  |  | $ | 3,928 |
Other income | 32 |  |  | 26 |  |  | 214 |
Allocation of corporate operating expenses | 1,626 |  |  | 2,074 |  |  | 10,187 |
Allocation of interest expense | 11,629 |  |  | 9,918 |  |  | 42,127 |
(2) | Includes inter-segment expenses as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Inter-segment expenses | $ | 925 |  |  | $ | — |  |  | $ | 2,919 |  |  | $ | — |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Services |  |  |  |  |  |  |
Services revenue | $ | 43,114 |  |  | $ | 42,243 |  |  | $ | 119,241 |  |  | $ | 42,243 |
Other income | — |  |  | 125 |  |  | — |  |  | 374 |
Total (1) | 43,114 |  |  | 42,368 |  |  | 119,241 |  |  | 42,617 |
Direct cost of services | 25,870 |  |  | 23,896 |  |  | 70,624 |  |  | 23,896 |
Other operating expenses before corporate allocations | 11,533 |  |  | 9,054 |  |  | 31,912 |  |  | 10,555 |
Total | 37,403 |  |  | 32,950 |  |  | 102,536 |  |  | 34,451 |
Adjusted pretax operating income before corporate allocations | 5,711 |  |  | 9,418 |  |  | 16,705 |  |  | 8,166 |
Allocation of corporate operating expenses | 1,567 |  |  | 404 |  |  | 3,855 |  |  | 404 |
Allocation of interest expense | 4,423 |  |  | 4,424 |  |  | 13,286 |  |  | 4,424 |
Adjusted pretax operating (loss) income | $ | (279 | ) |  | $ | 4,590 |  |  | $ | (436 | ) |  | $ | 3,338 |
____________
(1) | Includes inter-segment revenues as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Inter-segment revenues | $ | 925 |  |  | $ | — |  |  | $ | 2,919 |  |  | $ | — |
Selected balance sheet information for our segments as of the periods indicated, is as follows:
| At September 30, 2015
(In thousands) | Mortgage Insurance |  | Services |  | Total
Total assets | $ | 5,408,200 |  |  | $ | 352,716 |  |  | $ | 5,760,916 |
| At December 31, 2014
(In thousands) | Mortgage Insurance |  | Services |  | Total
Assets held for sale (1) | $ | — |  |  | $ | — |  |  | $ | 1,736,444 |
Total assets | 4,769,014 |  |  | 336,878 |  |  | 6,842,336 |
________________
(1) | 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 September 30, |  | Nine Months Ended September 30,
(In thousands) | 2015 |  | 2014 |  | 2015 |  | 2014
Adjusted pretax operating income (loss): |  |  |  |  |  |  |
Mortgage Insurance (1) (2) | $ | 115,905 |  |  | $ | 121,251 |  |  | $ | 387,223 |  |  | $ | 280,600 |
Services (2) | (279 | ) |  | 4,590 |  |  | (436 | ) |  | 3,338 |
Total adjusted pretax operating income | 115,626 |  |  | 125,841 |  |  | 386,787 |  |  | 283,938 |
Net gains (losses) on investments and other financial instruments (3) | 3,868 |  |  | (6,484 | ) |  | 49,095 |  |  | 62,135 |
Loss on induced conversion and debt extinguishment | (11 | ) |  | — |  |  | (91,887 | ) |  | — |
Acquisition-related expenses | (525 | ) |  | 432 |  |  | (1,299 | ) |  | (6,300 | )
Amortization and impairment of intangible assets | (3,273 | ) |  | (3,294 | ) |  | (9,577 | ) |  | (3,294 | )
Consolidated pretax income from continuing operations | $ | 115,685 |  |  | $ | 116,495 |  |  | $ | 333,119 |  |  | $ | 336,479 |
______________
(1) | For periods prior to the April 1, 2015 sale of Radian Asset Assurance, includes certain corporate income and expenses that have been reallocated to the Mortgage Insurance segment, as listed in the preceding 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 and revenues as listed in the notes to the preceding tables.
(3) | The change in expected economic loss or recovery associated with our previously owned VIEs is included in adjusted pretax operating income above, although it represents amounts that are not included in net income. Therefore, for purposes of this reconciliation, net gains (losses) on investments and other financial instruments has been adjusted by income of $0.2 million and a loss of $0.1 million for the three and nine months ended September 30, 2014, respectively, to reverse this item.

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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 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 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=51669610&loc=d3e8813-108599 Reference 3: 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=51669610&loc=d3e8721-108599 Reference 4: 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 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=51669610&loc=d3e8736-108599 + Details
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