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Pay vs Performance Disclosure | 12 Months Ended
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Dec. 31, 2024 USD ($) $ / shares | Dec. 31, 2023 USD ($) $ / shares | Dec. 31, 2022 USD ($) $ / shares | Dec. 31, 2021 USD ($) $ / shares
Pay vs Performance Disclosure |  |  |  |
Pay vs Performance Disclosure, Table |
Year (1) | Summary Compensation Table Total for PEO (2) | Compensation Actually Paid to PEO | Average Summary Compensation Table Total for Non-PEO NEOs (2) | Average Compensation Actually Paid to Non-PEO NEOs | Value of Initial Fixed $100 Investment Based On: | Net Income (millions) | Book Value per Share (4)
Total Shareholder Return | Peer Group Total Shareholder Return (3)
(a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i)
2024 | $ | 8,978,934 |  | $ | 15,261,772 |  | $ | 2,743,746 |  | $ | 3,279,985 |  | $ | 111 |  | $ | 120 |  | $ | 360.1 |  | $ | 29.80 |
2023 | $ | 7,931,487 |  | $ | 12,238,436 |  | $ | 2,515,877 |  | $ | 3,829,745 |  | $ | 89 |  | $ | 112 |  | $ | 322.1 |  | $ | 25.54 |
2022 | $ | 5,474,844 |  | $ | 5,004,886 |  | $ | 2,831,491 |  | $ | 2,750,584 |  | $ | 63 |  | $ | 80 |  | $ | 292.9 |  | $ | 21.76 |
2021 | $ | 4,970,949 |  | $ | 4,032,083 |  | $ | 2,605,661 |  | $ | 2,534,488 |  | $ | 66 |  | $ | 91 |  | $ | 231.1 |  | $ | 18.23 |
2020 | $ | 3,877,097 |  | $ | 2,139,912 |  | $ | 2,286,214 |  | $ | 508,046 |  | $ | 68 |  | $ | 86 |  | $ | 171.6 |  | $ | 15.45 |
Company Selected Measure Name | BVPS |  |  |
Named Executive Officers, Footnote | Our PEO and Non-PEO NEOs for each applicable year were as follows: •2024: Mr. Pollitzer served as our PEO and Messrs. Shuster, Mallela, Leatherberry and Smith and Ms. Swithenbank served as our non-PEO NEOs. •2023: Mr. Pollitzer served as our PEO and Messrs. Shuster, Mallela, Leatherberry and Smith served as our non-PEO NEOs. •2022: Mr. Pollitzer served as our PEO and Messrs. Shuster, Mallela, Leatherberry and Smith served as our non-PEO NEOs. •2021: Ms. Merkle served as our PEO and Messrs. Shuster, Pollitzer (as our Chief Financial Officer), Leatherberry, and Mathis served as our non-PEO NEOs. •2020: Ms. Claudia Merkle served as our PEO and Messrs. Shuster, Pollitzer (as our Chief Financial Officer), Leatherberry, and Patrick Mathis served as our non-PEO NEOs. |  |  |
Peer Group Issuers, Footnote | The peer group used by the Company consists of the companies, including Essent Group Ltd., MGIC Investment Corporation, and Radian Group Inc., used in the Company’s performance graph as required by Item 201(e) of Regulation S-K and reported in Part II, Item 5 of its annual report on Form 10-K for the fiscal year ended December 31, 2024. |  |  |
PEO Total Compensation Amount | $ 7,931,487 | $ 5,474,844 | $ 4,970,949 | $ 3,877,097
PEO Actually Paid Compensation Amount | $ 12,238,436 | 5,004,886 | 4,032,083 | 2,139,912
Adjustment To PEO Compensation, Footnote | The "2024 Summary Compensation Table" totals reported for the PEO and the average of the Non-PEO NEOs for each year were subject to the following adjustments as set forth in the below table, per Item 402(v)(2)(iii) of Regulation S-K to calculate “compensation actually paid.” We did not make any assumptions in valuation that differs materially from those disclosed as of the grant date of such equity awards with respect to the amounts added relative to stock and option awards.
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |
|  | PEO (Mr. Pollitzer) ($) | Average for Non-PEO NEOs ($) |  | PEO (Mr. Pollitzer) ($) | Average for Non-PEO NEOs ($) |  | PEO (Mr. Pollitzer) ($) | Average for Non-PEO NEOs ($) |  | PEO (Ms. Merkle) ($) | Average for Non-PEO NEOs ($) |  | PEO (Ms. Merkle) ($) | Average for Non-PEO NEOs ($) |
| Summary Compensation Table Total | 8,978,934 | 2,743,746 |  | 7,931,487 | 2,515,877 |  | 5,474,844 | 2,831,491 |  | 4,970,949 | 2,605,661 |  | 3,877,097 | 2,286,214 |
| Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deduction for Grant Date Fair Value of Awards Granted During Year | (4,874,994) | (1,376,427) |  | (4,274,972) | (977,983) |  | (3,000,000) | (1,540,534) |  | (2,315,962) | (991,737) |  | (2,099,940) | (1,012,344) |
| Adjustment for Fair Value of Equity Calculated Using SEC Methodology (a) |
| (i) Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year | 5,975,485 |  | 1,389,925 |  |  | 5,480,828 | 1,253,846 |  | 2,427,410 | 1,246,502 |  |  | 1,100,082 |  | 942,150 |  |  | 1,534,311 |  | 739,664 |
| (ii) Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years | 4,522,308 |  | 572,680 |  |  | 2,582,252 |  | 818,534 |  |  | 13,051 |  | 72,727 |  |  | 258,291 |  | 22,031 |  |  | (715,470) |  | (588,813) |  |
| (iii) Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | 660,039 |  | 130,682 |  |  | 518,841 |  | 219,471 |  |  | 89,581 |  | 140,398 |  |  | 18,723 |  | (43,617) |  |  | (456,086) |  | (916,675) |  |
| (iv) Any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year | — |  | (180,621) |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |  |
| Compensation Actually Paid | 15,261,772 |  | 3,279,985 |  |  | 12,238,436 |  | 3,829,745 |  |  | 5,004,886 |  | 2,750,584 |  |  | 4,032,083 |  | 2,534,488 |  |  | 2,139,912 |  | 508,046 |  |
Compensation Actually Paid excludes the Stock Awards column from the relevant fiscal year’s "Summary Compensation Table" total. The Rule 402(v) Equity Values instead reflect the aggregate of the following components, where applicable to us: (i) the fair value as of the end of the listed fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the listed fiscal year; and (iii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. The Company does not maintain, nor do the NEOs participate in, any defined benefit or actuarial pension plans for which adjustments were required pursuant to Item 402(v). |  |  |
Non-PEO NEO Average Total Compensation Amount | $ 2,515,877 | 2,831,491 | 2,605,661 | 2,286,214
Non-PEO NEO Average Compensation Actually Paid Amount | $ 3,829,745 | 2,750,584 | 2,534,488 | 508,046
Adjustment to Non-PEO NEO Compensation Footnote | The "2024 Summary Compensation Table" totals reported for the PEO and the average of the Non-PEO NEOs for each year were subject to the following adjustments as set forth in the below table, per Item 402(v)(2)(iii) of Regulation S-K to calculate “compensation actually paid.” We did not make any assumptions in valuation that differs materially from those disclosed as of the grant date of such equity awards with respect to the amounts added relative to stock and option awards.
|  | 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |
|  | PEO (Mr. Pollitzer) ($) | Average for Non-PEO NEOs ($) |  | PEO (Mr. Pollitzer) ($) | Average for Non-PEO NEOs ($) |  | PEO (Mr. Pollitzer) ($) | Average for Non-PEO NEOs ($) |  | PEO (Ms. Merkle) ($) | Average for Non-PEO NEOs ($) |  | PEO (Ms. Merkle) ($) | Average for Non-PEO NEOs ($) |
| Summary Compensation Table Total | 8,978,934 | 2,743,746 |  | 7,931,487 | 2,515,877 |  | 5,474,844 | 2,831,491 |  | 4,970,949 | 2,605,661 |  | 3,877,097 | 2,286,214 |
| Adjustments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Deduction for Grant Date Fair Value of Awards Granted During Year | (4,874,994) | (1,376,427) |  | (4,274,972) | (977,983) |  | (3,000,000) | (1,540,534) |  | (2,315,962) | (991,737) |  | (2,099,940) | (1,012,344) |
| Adjustment for Fair Value of Equity Calculated Using SEC Methodology (a) |
| (i) Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year | 5,975,485 |  | 1,389,925 |  |  | 5,480,828 | 1,253,846 |  | 2,427,410 | 1,246,502 |  |  | 1,100,082 |  | 942,150 |  |  | 1,534,311 |  | 739,664 |
| (ii) Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years | 4,522,308 |  | 572,680 |  |  | 2,582,252 |  | 818,534 |  |  | 13,051 |  | 72,727 |  |  | 258,291 |  | 22,031 |  |  | (715,470) |  | (588,813) |  |
| (iii) Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | 660,039 |  | 130,682 |  |  | 518,841 |  | 219,471 |  |  | 89,581 |  | 140,398 |  |  | 18,723 |  | (43,617) |  |  | (456,086) |  | (916,675) |  |
| (iv) Any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year | — |  | (180,621) |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |  |  | — |  | — |  |
| Compensation Actually Paid | 15,261,772 |  | 3,279,985 |  |  | 12,238,436 |  | 3,829,745 |  |  | 5,004,886 |  | 2,750,584 |  |  | 4,032,083 |  | 2,534,488 |  |  | 2,139,912 |  | 508,046 |  |
Compensation Actually Paid excludes the Stock Awards column from the relevant fiscal year’s "Summary Compensation Table" total. The Rule 402(v) Equity Values instead reflect the aggregate of the following components, where applicable to us: (i) the fair value as of the end of the listed fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the listed fiscal year; and (iii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. The Company does not maintain, nor do the NEOs participate in, any defined benefit or actuarial pension plans for which adjustments were required pursuant to Item 402(v). |  |  |
Compensation Actually Paid vs. Total Shareholder Return |  |  |  |
Compensation Actually Paid vs. Net Income |  |  |  |
Compensation Actually Paid vs. Company Selected Measure |  |  |  |
Total Shareholder Return Vs Peer Group |  |  |  |
Tabular List, Table |
2024 Most Important Performance Metrics
BVPS
Return on Equity
Net Operating Income
Total Shareholder Return Amount | $ 89 | 63 | 66 | 68
Peer Group Total Shareholder Return Amount | 112 | 80 | 91 | 86
Net Income (Loss) | $ 322,100,000 | $ 292,900,000 | $ 231,100,000 | $ 171,600,000
Company Selected Measure Amount | $ / shares | 25.54 | 21.76 | 18.23 | 15.45
PEO Name | Mr. Pollitzer | Mr. Pollitzer | Ms. Merkle | Ms. Claudia Merkle
Additional 402(v) Disclosure | Relationship Between "Compensation Actually Paid" and Performance The following graphs show the relationship between compensation actually paid to our executives in each of the last five years as disclosed in the Pay vs. Performance table, and each of the following: the Company's cumulative TSR, the peer group cumulative TSR, the Company's net income, and the BVPS. Tabular List of Most Important Financial Performance Measures Below are the financial performance measures that we believe are the most important financial performance measures used to link NEO compensation to Company performance. For more information, please see “Compensation of Named Executive Officers – Compensation Discussion and Analysis” and Appendix A in this proxy statement for a reconciliation of the below financial measures to the most directly comparable GAAP measure. |  |  |
Measure:: 1 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | BVPS |  |  |
Non-GAAP Measure Description | BVPS (excluding net unrealized gains and losses) is a non-GAAP measure, and is defined as total shareholder's equity, excluding the after-tax effects of unrealized gains and losses on investments, divided by shares outstanding. For more detail, please see Appendix A. |  |  |
Measure:: 2 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Return on Equity |  |  |
Measure:: 3 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Net Operating Income |  |  |
PEO | Adjustment, Equity Awards Reported [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ (4,274,972) | $ (3,000,000) | $ (2,315,962) | $ (2,099,940)
PEO | Adjustment, Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 5,480,828 | 2,427,410 | 1,100,082 | 1,534,311
PEO | Adjustment, Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 2,582,252 | 13,051 | 258,291 | (715,470)
PEO | Adjustment, Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 518,841 | 89,581 | 18,723 | (456,086)
Non-PEO NEO | Adjustment, Equity Awards Reported [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (977,983) | (1,540,534) | (991,737) | (1,012,344)
Non-PEO NEO | Adjustment, Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 1,253,846 | 1,246,502 | 942,150 | 739,664
Non-PEO NEO | Adjustment, Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | 818,534 | 72,727 | 22,031 | (588,813)
Non-PEO NEO | Adjustment, Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ 219,471 | $ 140,398 | $ (43,617) | $ (916,675)

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