XML 58 R47.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Reporting - Segment and Revenue Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total revenues $ 303,186 $ 313,380 $ 896,572 $ 913,630
Provision for losses 17,886 6,346 45,180 (2,309)
Policy acquisition costs 7,166 6,724 20,759 20,040
Other operating expenses:        
Total other operating expenses 62,256 64,112 189,342 189,220
Interest expense 17,184 21,892 51,101 71,456
Adjusted pretax operating income 206,092 217,396 598,122 646,906
Operating Segments | Mortgage Insurance revenues        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Total revenues 301,901 306,659 895,437 911,227
Provision for losses 17,886 6,346 45,180 (2,309)
Policy acquisition costs 7,166 6,724 20,759 20,040
Other operating expenses:        
Salaries and share-based employee expenses 40,357 36,937 136,004 126,530
Other non-personnel operating expenses 18,108 19,768 57,603 58,795
Depreciation expense 2,664 3,872 8,021 11,960
Ceding Commissions (7,556) (6,276) (21,353) (17,877)
Total other operating expenses 53,573 54,301 180,275 179,408
Interest expense 17,184 21,892 51,101 67,182
Adjusted pretax operating income $ 206,092 $ 217,396 $ 598,122 $ 646,906
Loss Ratio [1] 7.50% 2.70% 6.40% (0.30%)
Expense Ratio [2] 25.60% 26.00% 28.50% 28.30%
[1] Calculated as provision for losses expressed as a percentage of net premiums earned.
[2] Calculated as operating expenses (which consist of policy acquisition costs and other operating expenses) expressed as a percentage of net premiums earned.