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Note 3 - Discontinued Operations (Tables) | 12 Months Ended
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Dec. 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 (loss) from discontinued operations consisted of the following components for the periods indicated:
| Year Ended December 31,
(In thousands) | 2015 |  | 2014 |  | 2013
Net premiums earned | $ | 1,007 |  |  | $ | 37,194 |  |  | $ | 49,474 |
Net investment income | 9,153 |  |  | 35,633 |  |  | 39,966 |
Net gains (losses) on investments and other financial instruments | 21,486 |  |  | 55,312 |  |  | (47,930 | )
Impairment losses on investments | — |  |  | — |  |  | (3 | )
Change in fair value of derivative instruments | 2,625 |  |  | 130,617 |  |  | (32,406 | )
Other income | — |  |  | 88 |  |  | (20 | )
Total revenues | 34,271 |  |  | 258,844 |  |  | 9,081 |
Provision for losses | 502 |  |  | 2,853 |  |  | 2,486 |
Policy acquisition costs | (191 | ) |  | 6,340 |  |  | 13,178 |
Other operating expense | 4,107 |  |  | 23,726 |  |  | 27,127 |
Total expenses | 4,418 |  |  | 32,919 |  |  | 42,791 |
Equity in net (loss) income of affiliates | (13 | ) |  | (13 | ) |  | 1 |
Income (loss) from operations of businesses held for sale | 29,840 |  |  | 225,912 |  |  | (33,709 | )
Loss on sale | (14,280 | ) |  | (467,527 | ) |  | — |
Income tax provision | 10,175 |  |  | 58,442 |  |  | 21,425 |
Income (loss) from discontinued operations, net of tax | $ | 5,385 |  |  | $ | (300,057 | ) |  | $ | (55,134 | )
The assets and liabilities associated with the discontinued operations have been segregated in the consolidated balance sheets. The following table summarizes the major components of Radian Asset Assurance’s assets and liabilities held for sale on the Consolidated Balance Sheets as of December 31, 2015 and 2014:
| December 31,
(In thousands) | 2015 |  | 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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