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Note 3 - Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Summarized operating results for our segments for the periods indicated, are as follows:
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Mortgage Insurance |  |  |
Net premiums written—insurance (1) | $ | 251,586 |  |  | $ | 237,980 |
(Increase) decrease in unearned premiums | 10,192 |  |  | 4,570 |
Net premiums earned—insurance | 261,778 |  |  | 242,550 |
Net investment income | 43,665 |  |  | 33,956 |
Other income | 1,196 |  |  | 807 |
Total (2) | 306,639 |  |  | 277,313 |
Provision for losses | 20,844 |  |  | 37,391 |
Policy acquisition costs | 5,893 |  |  | 7,117 |
Other operating expenses before corporate allocations | 30,410 |  |  | 31,888 |
Total (3) | 57,147 |  |  | 76,396 |
Adjusted pretax operating income before corporate allocations | 249,492 |  |  | 200,917 |
Allocation of corporate operating expenses | 25,625 |  |  | 18,577 |
Allocation of interest expense | 15,697 |  |  | 10,629 |
Adjusted pretax operating income | $ | 208,170 |  |  | $ | 171,711 |
______________________
(1) | Net of ceded premiums written under our reinsurance programs. See Note 7 for additional information.
(2) | Excludes net gains on investments and other financial instruments of $21.9 million for the three months ended March 31, 2019, and net losses on investments and other financial instruments of $18.9 million for the three months ended March 31, 2018, not included in adjusted pretax operating income.
(3)Includes inter-segment expenses as follows:
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Inter-segment expenses | $ | 970 |  |  | $ | 1,002 |
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Services |  |  |
Net premiums earned—insurance (1) | $ | 1,734 |  |  | $ | — |
Services revenue (2) | 33,723 |  |  | 34,166 |
Net investment income (1) | 182 |  |  | — |
Other income (1) | 408 |  |  | — |
Total (2) | 36,047 |  |  | 34,166 |
Provision for losses (1) | (18 | ) |  | — |
Cost of services | 24,559 |  |  | 23,270 |
Other operating expenses before corporate allocations | 13,435 |  |  | 10,744 |
Restructuring and other exit costs | — |  |  | 525 |
Total | 37,976 |  |  | 34,539 |
Adjusted pretax operating income (loss) before corporate allocations | (1,929 | ) |  | (373 | )
Allocation of corporate operating expenses | 4,171 |  |  | 2,784 |
Allocation of interest expense | — |  | (3) | 4,451 |
Adjusted pretax operating income (loss) | $ | (6,100 | ) |  | $ | (7,608 | )
______________________
(1) | Results from inclusion of the operations of EnTitle Direct, a national title insurance and settlement services company, acquired in March 2018.
(2)Includes inter-segment revenues as follows:
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Inter-segment revenues | $ | 970 |  |  | $ | 1,002 |
(3) Effective January 1, 2019, the Clayton Intercompany Note was repaid using proceeds from an additional capital contribution from Radian Group. As a result of the intercompany note repayment, the Services segment no longer incurs interest expense on the intercompany note.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | The reconciliation of adjusted pretax operating income to consolidated pretax income is as follows:
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Adjusted pretax operating income (loss): |  |  |
Mortgage Insurance (1) | $ | 208,170 |  |  | $ | 171,711 |
Services (1) | (6,100 | ) |  | (7,608 | )
Total adjusted pretax operating income | 202,070 |  |  | 164,103 |
Net gains (losses) on investments and other financial instruments | 21,913 |  |  | (18,887 | )
Acquisition-related expenses (2) | (233 | ) |  | — |
Amortization and impairment of other acquired intangible assets | (2,187 | ) |  | (2,748 | )
Impairment of other long-lived assets and infrequent or unusual non-operating items (3) | (5,427 | ) |  | (26 | )
Consolidated pretax income | $ | 216,136 |  |  | $ | 142,442 |
______________________
(1) | Includes inter-segment expenses and revenues as listed in the notes to the preceding tables.
(2) | Acquisition-related expenses represent expenses incurred to effect the acquisition of a business, net of adjustments to accruals previously recorded for acquisition expenses.
(3) The amount for the three months ended March 31, 2019 is included in other operating expenses on the condensed consolidated statement of operations and primarily relates to impairments of other long-lived assets. The amount for the three months ended March 31, 2018 is included within restructuring and other exit costs on the condensed consolidated statement of operations.
Services Revenue [Table Text Block] | The table below represents the disaggregation of Services revenues by revenue type:
| Three Months Ended March 31,
(In thousands) | 2019 |  | 2018
Services segment revenue |  |  |
Mortgage Services | $ | 16,063 |  |  | $ | 17,498 |
Real Estate Services | 15,836 |  |  | 14,394 |
Title Services | 2,232 |  |  | 2,274 |
Total (1) | $ | 34,131 |  |  | $ | 34,166 |
______________________ (1) Includes inter-segment revenues of $1.0 million for each of the three months ended March 31, 2019 and 2018, respectively. For the three months ended March 31, 2019, amounts exclude a total of $1.9 million, comprised of Services segment net premiums earned—insurance and net investment income, as both are excluded from the scope of the revenue recognition standard.
Assets & Liabilities Related to Services Segment Revenues [Table Text Block] | The following represents balances related to Services contracts as of the dates indicated:
(In thousands) | March 31, 2019 |  | December 31, 2018
Accounts Receivable - Services Contracts | $ | 13,241 |  |  | $ | 15,461 |
Unbilled Receivables - Services Contracts | 22,967 |  |  | 19,917 |
Deferred Revenues - Services Contracts | 3,044 |  |  | 3,204 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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