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Note 4 - Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Adjusted pretax operating income (loss): |  |  |  |  |  |  |  |
Mortgage (1) | $ | 145,836 |  |  | $ | 209,601 |  |  | $ | 263,182 |  |  | $ | 627,942 |  | (2)
Real Estate (3) | (5,941) |  |  | (2,541) |  |  | (15,625) |  |  | (10,238) |  |
Total adjusted pretax operating income (loss) for reportable segments | 139,895 |  |  | 207,060 |  |  | 247,557 |  |  | 617,704 |  |
All Other adjusted pretax operating income (loss) | 5,085 |  |  | 5,683 |  |  | 13,523 |  |  | 12,948 |  |
Net gains (losses) on investments and other financial instruments | 17,652 |  |  | 13,009 |  |  | 42,901 |  |  | 47,462 |  |
Loss on extinguishment of debt | — |  |  | (5,940) |  |  | — |  |  | (22,738) |  |
Amortization and impairment of other acquired intangible assets | (961) |  |  | (2,139) |  |  | (2,919) |  |  | (6,465) |  |
Impairment of other long-lived assets and other non-operating items | (466) |  |  | — |  |  | (788) |  |  | (5,557) |  |
Consolidated pretax income | $ | 161,205 |  |  | $ | 217,673 |  |  | $ | 300,274 |  |  | $ | 643,354 |  |
______________________ (1)Includes allocated corporate operating expenses and depreciation expense as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Allocated corporate operating expenses | $ | 29,435 |  |  | $ | 26,671 |  |  | $ | 83,700 |  |  | $ | 76,684 |  |
Depreciation expense | 2,895 |  |  | 3,817 |  |  | 9,719 |  |  | 11,528 |  |
(2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019, as further described below. (3)Includes allocated corporate operating expenses and depreciation expense as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Allocated corporate operating expenses | $ | 3,818 |  |  | $ | 2,910 |  |  | $ | 10,993 |  |  | $ | 8,364 |  |
Depreciation expense | 683 |  |  | 561 |  |  | 2,125 |  |  | 1,769 |  |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | The reconciliation of revenue for our reportable segments to consolidated revenues is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019 |
Revenues: |  |  |  |  |  |  |  |
Mortgage (1) | $ | 320,013 |  |  | $ | 317,646 |  |  | $ | 922,040 |  |  | $ | 956,660 |  | (2)
Real Estate (1) | 33,328 |  |  | 30,139 |  |  | 88,003 |  |  | 80,789 |  |
Total revenues for reportable segments | 353,341 |  |  | 347,785 |  |  | 1,010,043 |  |  | 1,037,449 |  |
All Other revenues (3) | 5,858 |  |  | 19,812 |  |  | 19,984 |  |  | 55,170 |  |
Net gains (losses) on investments and other financial instruments | 17,652 |  |  | 13,009 |  |  | 42,901 |  |  | 47,462 |  |
Other non-operating revenue | — |  |  | — |  |  | 247 |  |  | — |  |
Elimination of inter-segment revenues (3) | (1,617) |  |  | (268) |  |  | (4,419) |  |  | (1,150) |  |
Total revenues | $ | 375,234 |  |  | $ | 380,338 |  |  | $ | 1,068,756 |  |  | $ | 1,138,931 |  |
______________________ (1)Includes immaterial inter-segment revenues for the three and nine months ended September 30, 2020 and 2019. (2)Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above. (3)Includes $1.5 million and $4.0 million for the three and nine months ended September 30, 2020, respectively, related to the $200 million 3% intercompany surplus note issued by Radian Guaranty to Radian Group in January 2020.
Services Revenue [Table Text Block] | The table below, which represents total services revenue on our condensed consolidated statements of operations for the periods indicated, represents the disaggregation of services revenues from external customers, by type:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2020 |  | 2019 |  | 2020 |  | 2019
Services revenue |  |  |  |  |  |  |
Real Estate services: |  |  |  |  |  |  |
Valuation services | $ | 11,881 |  |  | $ | 14,772 |  |  | $ | 31,519 |  |  | $ | 40,836 |
Title services | 9,081 |  |  | 4,590 |  |  | 25,445 |  |  | 11,189 |
Asset management services | 8,453 |  |  | 6,567 |  |  | 21,791 |  |  | 19,300 |
Other real estate services | 614 |  |  | 335 |  |  | 1,364 |  |  | 407 |
Mortgage services | 3,914 |  |  | 2,340 |  |  | 10,965 |  |  | 4,856 |
All Other services (1) | — |  |  | 13,905 |  |  | 2,861 |  |  | 37,977 |
Total services revenue | $ | 33,943 |  |  | $ | 42,509 |  |  | $ | 93,945 |  |  | $ | 114,565 |
______________________ (1)Includes services revenue from Clayton prior to its sale in January 2020.

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