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Note 8 - Reinsurance (Tables)
 12 Months Ended
Dec. 31, 2018
Reinsurance Disclosures [Abstract]  
Schedule of VIE Assets [Table Text Block] The following table presents Eagle Re’s total assets as well as Radian Guaranty’s maximum exposure to loss associated with Eagle Re, each as of December 31, 2018.
 
 
 
 
Maximum Exposure to Loss
(In thousands)
 
Total VIE Assets (1)
 
On - Balance Sheet
 
Off - Balance Sheet (3)
 
Total
Eagle Re
 
$
434,034

 
$
1,114

(2)
$
434,034

 
435,148

Total
 
$
434,034

 
$
1,114

 
$
434,034

 
435,148

______________________
(1)
Eagle Re’s assets are required to be invested in U.S. government money market funds, cash or U.S. Treasury securities. Eagle Re’s liabilities consist of its mortgage insurance-linked notes of $434.0 million, as described above.
(2)
Represents the fair value of the related embedded derivative, included in other assets in our consolidated balance sheets.
(3)
Represents the maximum amount that would be payable in the future by Radian Guaranty to its policyholders on claims, without the benefit of any corresponding reinsurance recoverables, in the event of the combination of two events: (i) all of the assets in the reinsurance trust (consisting of U.S. government money market funds, cash or U.S. Treasury securities) have become worthless and (ii) $660.4 million of claims have been paid on the reinsured RIF.
Effects of Reinsurance [Table Text Block] The effect of reinsurance on our mortgage insurance net premiums written and earned is as follows:
 
Year Ended December 31,
(In thousands)
2018
 
2017
 
2016
Net premiums written—insurance:
 
 
 
 
 
Direct
$
1,082,285

 
$
1,032,735

 
$
1,000,111

Assumed
6,901

(1)
25

 
29

Ceded (2) 
(98,165
)
 
(214,343
)
 
(266,306
)
Net premiums written—insurance
$
991,021

 
$
818,417

 
$
733,834

Net premiums earned—insurance:
 
 
 
 
 
Direct
$
1,066,864

 
$
990,016


$
999,093

Assumed
6,904

(1)
28


35

Ceded (2) 
(67,047
)
 
(57,271
)
 
(77,359
)
Net premiums earned—insurance
$
1,006,721

 
$
932,773

 
$
921,769


______________________
(1)
Includes premiums earned from our participation in certain Front-end and Back-end credit risk transfer programs.
(2)
Net of profit commission.
Ceded Credit Risk [Table Text Block] The following tables show the amounts related to the Single Premium QSR Program and the QSR Program for the periods indicated:
 
Single Premium QSR Program
 
QSR Program
 
Year Ended December 31,
 
Year Ended December 31,
(In thousands)
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Ceded premiums written (1) 
$
74,876

 
$
193,517

 
$
233,206

 
$
13,486

 
$
19,356

 
$
28,097

Ceded premiums earned (1) 
44,286

 
27,284

 
29,808

 
19,660

 
28,503

 
42,515

Ceding commissions written
29,745

 
55,333

 
66,153

 
3,890

 
5,536

 
8,019

Ceding commissions earned (2) 
22,097

 
13,774

 
15,303

 
11,349

 
13,122

 
16,573

Ceded losses
4,574

 
2,490

 
2,262

 
512

 
771

 
1,858


______________________
(1)
Net of profit commission.
(2)
Includes amounts reported in policy acquisition costs and other operating expenses.