XML 23 R31.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 7 - Reinsurance (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Reinsurance Disclosures [Abstract] |
Reinsurance, Net Premiums Written and Earned [Table Text Block] | The effect of all of our reinsurance programs on our net income is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2019 |  | 2018 |  | 2019 |  | 2018
Net premiums written—insurance: |  |  |  |  |  |  |
Direct | $ | 287,000 |  |  | $ | 279,137 |  |  | $ | 828,022 |  |  | $ | 820,449 |
Assumed (1) | 2,608 |  |  | 1,987 |  |  | 7,528 |  |  | 4,803 |
Ceded (2) | (15,455 | ) |  | (24,348 | ) |  | (39,900 | ) |  | (76,162 | )
Net premiums written—insurance | $ | 274,153 |  |  | $ | 256,776 |  |  | $ | 795,650 |  |  | $ | 749,090 |
Net premiums earned—insurance: |  |  |  |  |  |  |
Direct | $ | 305,493 |  |  | $ | 272,505 |  |  | $ | 919,507 |  | (3) | $ | 796,448 |
Assumed (1) | 2,614 |  |  | 1,994 |  |  | 7,545 |  |  | 4,822 |
Ceded (2) | (26,922 | ) |  | (16,068 | ) |  | (83,189 | ) | (3) | (48,945 | )
Net premiums earned—insurance | $ | 281,185 |  |  | $ | 258,431 |  |  | $ | 843,863 |  | (3) | $ | 752,325 |
Ceding commissions earned | $ | 12,153 |  |  | $ | 8,373 |  |  | $ | 37,191 |  | (3) | $ | 25,728 |
Ceded losses | 771 |  |  | 1,191 |  |  | 4,326 |  |  | 3,356 |
______________________
(1) | Includes premiums earned from our participation in certain credit risk transfer programs.
(2) | Net of profit commission.
(3) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information.
Schedule of VIE Assets [Table Text Block] | The following table presents the total assets of the Eagle Re Issuers as well as Radian Guaranty’s maximum exposure to loss associated with each Eagle Re Issuer, as of the dates indicated.
|  | At September 30, 2019
|  |  |  | Maximum Exposure to Loss
(In thousands) |  | Total VIE Assets (1) |  | On - Balance Sheet |  | Off - Balance Sheet (2) |  | Total
Eagle Re 2018-1 |  | $ | 408,586 |  |  | $ | 1,493 |  | (3) | $ | 408,586 |  |  | $ | 410,079 |
Eagle Re 2019-1 |  | 562,036 |  |  | 2,202 |  | (3) | 562,036 |  |  | 564,238 |
Total |  | $ | 970,622 |  |  | $ | 3,695 |  |  | $ | 970,622 |  |  | $ | 974,317 |
|  | At December 31, 2018
|  |  |  | Maximum Exposure to Loss
(In thousands) |  | Total VIE Assets (1) |  | On - Balance Sheet |  | Off - Balance Sheet (2) |  | Total
Eagle Re 2018-1 |  | $ | 434,034 |  |  | $ | 1,114 |  | (3) | $ | 434,034 |  |  | $ | 435,148 |
Total |  | $ | 434,034 |  |  | $ | 1,114 |  |  | $ | 434,034 |  |  | $ | 435,148 |
______________________
(1) | Assets held by the Eagle Re Issuers are required to be invested in U.S. government money market funds, cash or U.S. Treasury securities. Liabilities of the Eagle Re Issuers consist of their mortgage insurance-linked notes, described above.
(2) | Represents Radian Guaranty’s maximum exposure to loss in the event the VIE is unable to meet its obligations to us and our insurance subsidiaries would be liable to make claims payments to our policyholders. In the event that all of the assets in the reinsurance trust (consisting of U.S. government money market funds, cash or U.S. Treasury securities) were to lose their value and the VIE is unable to make its payments to us, our maximum potential loss would be the amount of mortgage insurance claim payments for losses on the insured policies, net of the aggregate reinsurance payments already received, up to the full aggregate excess-of-loss reinsurance coverage amount. In the same scenario, the related embedded derivative would no longer have value.
(3) Represents the fair value of the related embedded derivative, included in other assets in our condensed consolidated balance sheets.

X
- Definition Schedule of VIE Assets [Table Text Block] + References No definition available. + Details
Name: | rdn_ScheduleofVIEAssetsTableTextBlock
Namespace Prefix: | rdn_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 605 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6486672&loc=d3e27261-158547 + Details
Name: | us-gaap_EffectsOfReinsuranceTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReinsuranceDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration