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Note 8 - Reinsurance (Tables)
 3 Months Ended
Mar. 31, 2021
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
March 31,
(In thousands)20212020
Net premiums written:
Direct$260,619 $279,482 
Assumed (1)
2,298 3,451 
Ceded (2)
(8,835)(19,543)
Net premiums written$254,082 $263,390 
Net premiums earned:
Direct$302,721 $301,254 
Assumed (1)
2,298 3,456 
Ceded (2)
(33,147)(27,295)
Net premiums earned$271,872 $277,415 
Ceding commissions earned (3)
$10,407 $9,966 
Ceded losses3,746 1,962 
(1)Primarily includes premiums from our participation in certain credit risk transfer programs.
(2)Net of profit commission, which is impacted by the level of ceded losses recoverable, if any, on reinsurance transactions. See Note 11 for additional information on our reserve for losses and reinsurance recoverables.
(3)Deferred ceding commissions of $47.8 million and $71.6 million are included in other liabilities on our condensed consolidated balance sheets at March 31, 2021 and 2020, respectively.
Schedule of Single Premium Quota Share Reinsurance Program Details [Table Text Block]
The following table sets forth additional details regarding the Single Premium QSR Program.
(In millions)2020 Singles QSR2018 Singles QSR2016 Singles QSR
NIW Policy DatesJan 1, 2020-Dec 31, 2021Jan 1, 2018-Dec 31, 2019Jan 1, 2012-Dec 31, 2017
Effective DateJanuary 1, 2020January 1, 2018January 1, 2016
Scheduled Termination DateDecember 31, 2031December 31, 2029December 31, 2027
Optional Termination DateJanuary 1, 2024January 1, 2022January 1, 2020
Quota Share %65%65%
20% - 65% (1)
Ceding Commission %25%25%25%
Profit Commission %
Up to 56%
Up to 56%
Up to 55%
(In millions)As of March 31, 2021
RIF Ceded$1,767 $1,698 $2,683 
(In millions)As of December 31, 2020
RIF Ceded$1,597 $1,979 $3,071 
(1)Effective December 31, 2017, we amended the 2016 Single Premium QSR Agreement to increase the amount of ceded risk on performing loans under the agreement from 35% to 65% for the 2015 through 2017 vintages. Loans included in the 2012 through 2014 vintages, and any other loans subject to the agreement that were delinquent at the time of the amendment, were unaffected by the change and therefore the amount of ceded risk for those loans continues to range from 20% to 35%.
Schedule of Collateralized Reinsurance Agreements [Table Text Block]
The following table sets forth additional details regarding the Excess-of-Loss Program as of March 31, 2021.
(In millions)Eagle Re 2020-2 Ltd.Eagle Re 2020-1 Ltd.Eagle Re 2019-1 Ltd.Eagle Re 2018-1 Ltd.
IssuedOctober 2020February 2020April 2019November 2018
NIW Policy DatesOct 1, 2019-
Jul 31, 2020		Jan 1, 2019-
Sep 30, 2019		Jan 1, 2018-
Dec 31, 2018		Jan 1, 2017-
Dec 31, 2017
Initial RIF$13,011 $9,866 $10,705 $9,109 
Initial Coverage390 488 562 434 
(1)
Initial First Layer Retention423 202 268 205 
(In millions)As of March 31, 2021
RIF$10,458 $5,156 $3,950 $3,370 
Remaining Coverage355 488 385 276 
(1)
First Layer Retention423 202 265 201 
(In millions)As of December 31, 2020
RIF$11,748 $6,121 $4,657 $3,986 
Remaining Coverage390 488 385 276 
(1)
First Layer Retention423 202 265 201 
(1)Excludes a separate excess-of-loss reinsurance agreement entered into by Radian Guaranty with both initial and remaining coverage of $21.4 million.
Schedule of VIE Assets [Table Text Block] The following table presents the total assets and liabilities of the Eagle Re Issuers as of the dates indicated.
Total VIE Assets and Liabilities (1)
(In thousands)March 31,
2021		December 31,
2020
Eagle Re 2020-2 Ltd.$354,792 $390,324 
Eagle Re 2020-1 Ltd.488,385 488,385 
Eagle Re 2019-1 Ltd.384,602  384,602 
Eagle Re 2018-1 Ltd.275,718  275,718 
Total$1,503,497  $1,539,029 
(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.