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Note 7 - Reinsurance Excess-of-Loss Program (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | ---
Apr. 30, 2019 USD ($) | Nov. 30, 2018 USD ($) | Sep. 30, 2019 USD ($) arrangements | Sep. 30, 2018 USD ($) | Sep. 30, 2019 USD ($) arrangements | Sep. 30, 2018 USD ($) | Dec. 31, 2018 USD ($)
Ceded Premiums Earned | [1] |  |  | $ 26,922 | $ 16,068 | $ 83,189 | [2] | $ 48,945 |
Mortgage Insurance Segment |  |  |  |  |  |  |  |  |
Risk In Force |  |  |  | 60,400,000 |  | $ 60,400,000 |  |  |
Radian Guaranty | Mortgage Insurance Segment |  |  |  |  |  |  |  |  |
Reinsurance Retention Policy, Term of Coverage, Period |  |  |  |  |  | 10 years |  |  |
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment |  |  |  |  |  |  |  |  |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | [3] |  |  | 970,622 |  | $ 970,622 |  |  | $ 434,034
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount |  |  |  | 974,317 |  | 974,317 |  |  | 435,148
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | On-Balance Sheet |  |  |  |  |  |  |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount |  |  |  | 3,695 |  | 3,695 |  |  | 1,114
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Off-Balance Sheet |  |  |  |  |  |  |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | [4] |  |  | 970,622 |  | 970,622 |  |  | 434,034
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) |  |  |  |  |  |  |  |  |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | [3] |  |  | 408,586 |  | 408,586 |  |  | 434,034
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount |  |  |  | 410,079 |  | 410,079 |  |  | 435,148
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) | On-Balance Sheet |  |  |  |  |  |  |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | [5] |  |  | 1,493 |  | 1,493 |  |  | 1,114
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) | Off-Balance Sheet |  |  |  |  |  |  |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | [4] |  |  | 408,586 |  | 408,586 |  |  | $ 434,034
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) |  |  |  |  |  |  |  |  |
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets | [3] |  |  | 562,036 |  | 562,036 |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount |  |  |  | 564,238 |  | 564,238 |  |  |
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) | On-Balance Sheet |  |  |  |  |  |  |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | [5] |  |  | 2,202 |  | 2,202 |  |  |
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) | Off-Balance Sheet |  |  |  |  |  |  |  |  |
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount | [4] |  |  | $ 562,036 |  | $ 562,036 |  |  |
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk |  |  |  |  |  |  |  |  |
Number of Fully Collateralized Reinsurance Arrangements with the Eagle Re Issuers | arrangements |  |  |  | 2 |  | 2 |  |  |
Ceded Premiums Earned |  |  |  | $ 7,500 |  | $ 18,400 |  |  |
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) |  |  |  |  |  |  |  |  |
Reinsurance Retention Policy, Excess Retention, Amount Reinsured |  |  | $ 434,000 |  |  |  |  |  |
Risk In Force |  |  | 9,100,000 |  |  |  |  |  |
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) | XOL First Layer |  |  |  |  |  |  |  |  |
Reinsurance Retention Policy, Amount Retained |  |  | 204,900 |  |  |  |  |  |
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Separate Third-Party Reinsurer |  |  |  |  |  |  |  |  |
Reinsurance Retention Policy, Excess Retention, Amount Reinsured |  |  | $ 21,400 |  |  |  |  |  |
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) |  |  |  |  |  |  |  |  |
Reinsurance Retention Policy, Excess Retention, Amount Reinsured |  | $ 562,000 |  |  |  |  |  |  |
Risk In Force |  | 10,700,000 |  |  |  |  |  |  |
Proceeds from Issuance of Debt |  | 562,000 |  |  |  |  |  |  |
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) | XOL First Layer |  |  |  |  |  |  |  |  |
Reinsurance Retention Policy, Amount Retained |  | $ 267,600 |  |  |  |  |  |  |
[1] | Net of profit commission.
[2] | 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.
[3] | 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.
[4] | 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.
[5] | Represents the fair value of the related embedded derivative, included in other assets in our condensed consolidated balance sheets.

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