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Schedule II Financial Information of Registrant - Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Cash Flow Statements, Captions [Line Items] |
Condensed Financial Information Statement of Condition of Parent Company [Table Text Block] | Condensed Balance Sheet Parent Company Only
(In thousands, except per-share amounts) |  | December 31, 2020 |  | December 31, 2019
Assets |  |  |  |
Investments |  |  |  |
Fixed-maturities available for sale—at fair value (amortized cost of $836,191 and $429,999) |  | $ | 844,393 |  |  | $ | 430,442 |
Equity securities—at fair value (cost of $— and $13,280) |  | — |  |  | 13,381 |
Short-term investments—at fair value |  | 233,569 |  |  | 162,363 |
Other invested assets—at fair value |  | 3,000 |  |  | 1,500 |
Total investments |  | 1,080,962 |  |  | 607,686 |
Cash |  | 20,141 |  |  | 23,534 |
Investment in subsidiaries, at equity in net assets (Note C) |  | 4,545,508 |  |  | 4,413,065 |
Accounts and notes receivable |  | 300,656 |  |  | 100,775 |
Other assets (Note C) |  | 75,305 |  |  | 113,917 |
Total assets |  | $ | 6,022,572 |  |  | $ | 5,258,977 |
Liabilities and Stockholders’ Equity |  |  |  |
Liabilities: |  |  |  |
Senior notes |  | $ | 1,405,674 |  |  | $ | 887,110 |
Net deferred tax liability (Note A) |  | 272,868 |  |  | 253,739 |
Other liabilities |  | 59,677 |  |  | 69,405 |
Total liabilities |  | 1,738,219 |  |  | 1,210,254 |
Common stockholders’ equity |  |  |  |
Common stock: par value $0.001 per share; 485,000 shares authorized at December 31, 2020 and 2019; 210,130 and 219,123 shares issued at December 31, 2020 and 2019, respectively; 191,606 and 201,164 shares outstanding at December 31, 2020 and 2019, respectively |  | 210 |  |  | 219 |
Treasury stock, at cost: 18,524 and 17,959 shares at December 31, 2020 and 2019, respectively |  | (910,115) |  |  | (901,657) |
Additional paid-in capital |  | 2,245,897 |  |  | 2,449,884 |
Retained earnings |  | 2,684,636 |  |  | 2,389,789 |
Accumulated other comprehensive income (loss) |  | 263,725 |  |  | 110,488 |
Total common stockholders’ equity |  | 4,284,353 |  |  | 4,048,723 |
Total liabilities and stockholders’ equity |  | $ | 6,022,572 |  |  | $ | 5,258,977 |
Condensed Financial Information Statement of Income of Parent Company [Table Text Block] | Radian Group Inc. Schedule II—Financial Information of Registrant Condensed Statements of Operations Parent Company Only
|  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Revenues: |  |  |  |  |  |
Net investment income |  | $ | 19,459 |  |  | $ | 19,751 |  |  | $ | 21,294 |
Net gains (losses) on investments and other financial instruments |  | 5,682 |  |  | 12,863 |  |  | (470) |
Other income |  | 101 |  |  | 218 |  |  | — |
Total revenues |  | 25,242 |  |  | 32,832 |  |  | 20,824 |
Expenses: |  |  |  |  |  |
Loss on extinguishment of debt |  | — |  |  | 22,738 |  |  | — |
Interest expense |  | — |  |  | — |  |  | 17,805 |
Other operating expenses |  | 2,619 |  |  | — |  |  | — |
Total expenses (Note B) |  | 2,619 |  |  | 22,738 |  |  | 17,805 |
Pretax income |  | 22,623 |  |  | 10,094 |  |  | 3,019 |
Income tax benefit |  | (3,165) |  |  | (19,997) |  |  | (3,319) |
Equity in net income of affiliates |  | 367,838 |  |  | 642,218 |  |  | 599,673 |
Net income |  | 393,626 |  |  | 672,309 |  |  | 606,011 |
Other comprehensive income (loss), net of tax |  | 153,237 |  |  | 171,408 |  |  | (86,953) |
Comprehensive income |  | $ | 546,863 |  |  | $ | 843,717 |  |  | $ | 519,058 |
Condensed Financial Information Statement of Cash Flows of Parent Company [Table Text Block] | Radian Group Inc. Schedule II—Financial Information of Registrant Condensed Statements of Cash Flows Parent Company Only
|  | Year Ended December 31,
(In thousands) |  | 2020 |  | 2019 |  | 2018
Cash flows from operating activities: |  |  |  |  |  |
Net cash provided by (used in) operating activities (1) |  | $ | (13,741) |  |  | $ | 143,664 |  |  | $ | 254,698 |
Cash flows from investing activities: |  |  |  |  |  |
Proceeds from sales of: |  |  |  |  |  |
Fixed-maturities available for sale |  | 304,737 |  |  | 296,171 |  |  | 6,779 |
Trading securities |  | — |  |  | 56,787 |  |  | — |
Equity securities |  | 13,401 |  |  | 16,916 |  |  | — |
Proceeds from redemptions of: |  |  |  |  |  |
Fixed-maturities available for sale |  | 238,161 |  |  | 149,767 |  |  | 12,391 |
Trading securities |  | — |  |  | 114 |  |  | — |
Purchases of: |  |  |  |  |  |
Fixed-maturities available for sale |  | (691,874) |  |  | (293,284) |  |  | (37,552) |
Sales, redemptions and (purchases) of : |  |  |  |  |  |
Short-term investments, net |  | (53,024) |  |  | 157,045 |  |  | (131,164) |
Other assets, net |  | (6,068) |  |  | (6,958) |  |  | (3,317) |
Capital distributions from subsidiaries |  | 19,000 |  |  | 6,000 |  |  | — |
Capital contributions to subsidiaries |  | (5,050) |  |  | (65,879) |  |  | (30,338) |
Net cash provided by (used in) investing activities |  | (180,717) |  |  | 316,679 |  |  | (183,201) |
Cash flows from financing activities: |  |  |  |  |  |
Dividends paid |  | (97,458) |  |  | (2,061) |  |  | (2,140) |
Issuance of senior notes, net |  | 515,567 |  |  | 442,439 |  |  | — |
Repayments and repurchases of senior notes |  | — |  |  | (610,763) |  |  | — |
Issuance of common stock |  | 1,553 |  |  | 2,416 |  |  | 1,385 |
Repurchases of common shares |  | (226,305) |  |  | (300,201) |  |  | (50,053) |
Credit facility commitment fees paid |  | (2,292) |  |  | (989) |  |  | (1,510) |
Net cash provided by (used in) financing activities |  | 191,065 |  |  | (469,159) |  |  | (52,318) |
Effect of exchange rate changes on cash and restricted cash |  | — |  |  | (2) |  |  | — |
Increase (decrease) in cash and restricted cash |  | (3,393) |  |  | (8,818) |  |  | 19,179 |
Cash and restricted cash, beginning of period |  | 23,534 |  |  | 32,352 |  |  | 13,173 |
Cash and restricted cash, end of period |  | $ | 20,141 |  |  | $ | 23,534 |  |  | $ | 32,352 |
(1)Includes cash distributions received from subsidiaries of $1.7 million, $26.6 million and $55.4 million in 2020, 2019 and 2018, respectively. Excludes non-cash distributions received from subsidiaries of $484.1 million, $362.4 million and $394.6 million in 2020, 2019 and 2018, respectively.
Components of Parent Company Expenses Allocated to Subsidiaries [Table Text Block] | The following table shows the components of our Parent Company expenses that have been allocated to our subsidiaries for the periods indicated.
|  | Year Ended December 31,
(in thousands) |  | 2020 |  | 2019 |  | 2018
Allocated operating expenses |  | $ | 129,870 |  |  | $ | 124,412 |  |  | $ | 94,815 |
Allocated interest expense |  | 68,938 |  |  | 53,692 |  |  | 42,195 |
Total allocated expenses |  | $ | 198,808 |  |  | $ | 178,104 |  |  | $ | 137,010 |

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