2012 Q1 Form 10-Q Financial Statement

#000089092612000024 Filed on May 10, 2012

View on sec.gov

Income Statement

Concept 2012 Q1 2011 Q1
Revenue $180.4M $603.3M
YoY Change -70.1% 372.01%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.05M $14.13M
YoY Change 98.47% -4.96%
% of Gross Profit
Operating Expenses $344.3M $486.3M
YoY Change -29.2% -21.89%
Operating Profit -$178.1M $99.99M
YoY Change -278.14% -120.1%
Interest Expense $14.15M $17.02M
YoY Change -16.89% 57.57%
% of Operating Profit 17.03%
Other Income/Expense, Net
YoY Change
Pretax Income -$178.1M $100.0M
YoY Change -278.1% -120.1%
Income Tax -$8.893M -$3.016M
% Of Pretax Income -3.02%
Net Earnings -$169.2M $103.0M
YoY Change -264.29% -133.19%
Net Earnings / Revenue -93.83% 17.07%
Basic Earnings Per Share -$1.28 $0.78
Diluted Earnings Per Share -$1.28 $0.77
COMMON SHARES
Basic Shares Outstanding 132.5M shares 132.4M shares
Diluted Shares Outstanding 132.5M shares 133.7M shares

Balance Sheet

Concept 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $31.78M $19.21M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $54.40M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $10.33M $12.41M
YoY Change -16.74% -17.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.593B $6.393B
YoY Change -12.51% 4.3%
Other Assets $16.00M $27.50M
YoY Change -41.82% -95.58%
Total Long-Term Assets $6.394B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $54.40M
Total Long-Term Assets $6.394B
Total Assets $6.449B $7.352B
YoY Change -12.28% -10.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $299.0M $247.0M
YoY Change 21.05% -48.76%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $404.3M $247.0M
YoY Change 63.68% -48.76%
LONG-TERM LIABILITIES
Long-Term Debt $930.1M $1.341B
YoY Change -30.65% 6.28%
Other Long-Term Liabilities $202.1M $487.3M
YoY Change -58.53% 107.8%
Total Long-Term Liabilities $1.132B $1.829B
YoY Change -38.08% 22.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $404.3M $247.0M
Total Long-Term Liabilities $1.132B $1.829B
Total Liabilities $5.429B $6.379B
YoY Change -14.89% -2.15%
SHAREHOLDERS EQUITY
Retained Earnings -$73.01M -$101.9M
YoY Change -28.37%
Common Stock $151.0K $150.0K
YoY Change 0.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $892.1M $892.0M
YoY Change 0.0%
Treasury Stock Shares 17.47M shares 17.46M shares
Shareholders Equity $1.019B $972.9M
YoY Change
Total Liabilities & Shareholders Equity $6.449B $7.352B
YoY Change -12.28% -10.69%

Cashflow Statement

Concept 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income -$169.2M $103.0M
YoY Change -264.29% -133.19%
Depreciation, Depletion And Amortization $28.05M $14.13M
YoY Change 98.47% -4.96%
Cash From Operating Activities -$154.4M -$260.9M
YoY Change -40.82% -9.09%
INVESTING ACTIVITIES
Capital Expenditures -$400.0K -$800.0K
YoY Change -50.0% 166.67%
Acquisitions
YoY Change
Other Investing Activities -$682.0K $1.591M
YoY Change -142.87% -40.72%
Cash From Investing Activities $283.2M $258.3M
YoY Change 9.64% -16.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $132.2M $0.00
YoY Change -100.0%
Cash From Financing Activities -$132.5M -$333.0K
YoY Change 39704.2% -98.87%
NET CHANGE
Cash From Operating Activities -154.4M -260.9M
Cash From Investing Activities $283.2M $258.3M
Cash From Financing Activities -$132.5M -$333.0K
Net Change In Cash $150.6M $257.9M
YoY Change -41.6% -7.39%
FREE CASH FLOW
Cash From Operating Activities -$154.4M -$260.9M
Capital Expenditures -$400.0K -$800.0K
Free Cash Flow -$154.0M -$260.1M
YoY Change -40.79% -9.28%

Facts In Submission

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PremiumsWrittenNet
182749000 USD
CY2012Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
77678000 USD
CY2011Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
8594000 USD
CY2012Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1917000 USD
CY2011Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
2195000 USD
CY2012Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
0 USD
CY2012Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
15973000 USD
CY2011Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
515000 USD
CY2011Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
376000 USD
CY2012Q1 us-gaap Proceeds From Sale Of Available For Sale Securities Equity
ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
3154000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10333000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11044000 USD
CY2012Q1 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
54417000 USD
CY2011Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
18702000 USD
CY2012Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
122512000 USD
CY2011Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
157985000 USD
CY2011Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
132215000 USD
CY2012Q1 us-gaap Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
3316364000 USD
CY2011Q4 us-gaap Reserve For Losses And Loss Adjustment Expenses
ReserveForLossesAndLossAdjustmentExpenses
3310902000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
27020000 USD
CY2012Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
26665000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-73005000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
96227000 USD
CY2012Q1 us-gaap Revenues
Revenues
180368000 USD
CY2011Q1 us-gaap Revenues
Revenues
603289000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
409200000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
3332400000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
1209500000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
2122900000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability
97400000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
320
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
441900000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
-130100000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
21
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability
83000000 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Reinsurance Recoverable
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable
0 USD
CY2012Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue
38600000 USD
CY2012Q1 us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents information relating to our mortgage insurance reserves for losses and LAE as of the dates indicated: </font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:80.55555555555556%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2011</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,247,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,524,971</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less reinsurance recoverables (1)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">151,569</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">223,254</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period, net of reinsurance recoverables</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,096,331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,301,717</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Add losses and LAE incurred in respect of default notices reported and unreported in:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current year (2)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218,345</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190,686</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior years</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,384</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">223,287</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total incurred</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">234,729</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">413,973</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deduct paid claims and LAE related to:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current year (2)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">837</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior years</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218,193</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">364,314</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total paid</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">218,193</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">365,151</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of period, net of reinsurance recoverables</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,112,867</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,350,539</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Add reinsurance recoverables (1)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">118,071</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">192,258</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,230,938</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,542,797</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">_________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Related to ceded losses on captive reinsurance transactions and Smart Home. See "Management's Discussion and Analysis of Financial Condition and Results of Operations</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Off-Balance Sheet Arrangements" for additional information regarding our Smart Home transactions.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Related to underlying defaulted loans with a most recent date of default notice in the year indicated. For example, if a loan had defaulted in a prior year, but then subsequently cured and later re-defaulted in the current year, that default would be considered a current year default. </font></div></td></tr></table></div>
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
1261703000 USD
CY2012Q1 us-gaap Short Term Investments
ShortTermInvestments
1145617000 USD
CY2012Q1 us-gaap Significant Purchase Commitment Remaining Minimum Amount Committed
SignificantPurchaseCommitmentRemainingMinimumAmountCommitted
9700000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
1019428000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1182291000 USD
CY2011Q4 us-gaap Trading Securities
TradingSecurities
4211059000 USD
CY2012Q1 us-gaap Trading Securities
TradingSecurities
4168846000 USD
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
17467287 shares
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
17467287 shares
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
892052000 USD
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
892052000 USD
CY2011Q4 us-gaap Unearned Premiums
UnearnedPremiums
637372000 USD
CY2012Q1 us-gaap Unearned Premiums
UnearnedPremiums
572565000 USD
CY2011Q4 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0280
CY2010Q4 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0369
CY2011Q1 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0411
CY2012Q1 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0226
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132465000 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133703000 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132427000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132465000 shares
CY2012Q1 rdn Accrued Liability For Premiums Expected To Be Refunded From Rescissions
AccruedLiabilityForPremiumsExpectedToBeRefundedFromRescissions
56500000 USD
CY2011Q4 rdn Accrued Liability For Premiums Expected To Be Refunded From Rescissions
AccruedLiabilityForPremiumsExpectedToBeRefundedFromRescissions
57200000 USD
CY2012Q1 rdn Adjustment To Installment Premiums Gross Of Commissions
AdjustmentToInstallmentPremiumsGrossOfCommissions
100000 USD
CY2011Q1 rdn Adjustment To Installment Premiums Gross Of Commissions
AdjustmentToInstallmentPremiumsGrossOfCommissions
200000 USD
CY2011Q1 rdn Adjustment To Premiums Earned Foreign Exchange Revaluation Gross Of Commission
AdjustmentToPremiumsEarnedForeignExchangeRevaluationGrossOfCommission
1300000 USD
CY2012Q1 rdn Adjustment To Premiums Earned Foreign Exchange Revaluation Gross Of Commission
AdjustmentToPremiumsEarnedForeignExchangeRevaluationGrossOfCommission
200000 USD
CY2011Q4 rdn Amortized Cost Debt And Equity Securities
AmortizedCostDebtAndEquitySecurities
237822000 USD
CY2012Q1 rdn Amortized Cost Debt And Equity Securities
AmortizedCostDebtAndEquitySecurities
194919000 USD
CY2011Q1 rdn Change In Reserve For Premium Deficiency
ChangeInReserveForPremiumDeficiency
-1383000 USD
CY2012Q1 rdn Change In Reserve For Premium Deficiency
ChangeInReserveForPremiumDeficiency
-20000 USD
CY2011Q4 rdn Fair Value Debt And Equity Securities
FairValueDebtAndEquitySecurities
249905000 USD
CY2012Q1 rdn Fair Value Debt And Equity Securities
FairValueDebtAndEquitySecurities
218695000 USD
CY2011Q4 rdn Fair Value Htm And Afs Securities Unrealized Loss Greater Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossGreaterThanTwelveMonths
82082000 USD
CY2012Q1 rdn Fair Value Htm And Afs Securities Unrealized Loss Greater Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossGreaterThanTwelveMonths
69444000 USD
CY2011Q4 rdn Fair Value Htm And Afs Securities Unrealized Loss Less Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossLessThanTwelveMonths
12620000 USD
CY2012Q1 rdn Fair Value Htm And Afs Securities Unrealized Loss Less Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossLessThanTwelveMonths
863000 USD
CY2011Q4 rdn Fair Value Htm And Afs Securities With Unrealized Losses
FairValueHtmAndAfsSecuritiesWithUnrealizedLosses
94702000 USD
CY2012Q1 rdn Fair Value Htm And Afs Securities With Unrealized Losses
FairValueHtmAndAfsSecuritiesWithUnrealizedLosses
70307000 USD
CY2011Q4 rdn Gross Unrealized Holding Gains Debt And Equity Securities
GrossUnrealizedHoldingGainsDebtAndEquitySecurities
18899000 USD
CY2012Q1 rdn Gross Unrealized Holding Gains Debt And Equity Securities
GrossUnrealizedHoldingGainsDebtAndEquitySecurities
26194000 USD
CY2011Q4 rdn Gross Unrealized Holding Losses Debt And Equity Securities
GrossUnrealizedHoldingLossesDebtAndEquitySecurities
6816000 USD
CY2012Q1 rdn Gross Unrealized Holding Losses Debt And Equity Securities
GrossUnrealizedHoldingLossesDebtAndEquitySecurities
2418000 USD
CY2012Q1 rdn Losses Paid For Contract Underwriting Remedies
LossesPaidForContractUnderwritingRemedies
1700000 USD
CY2011Q1 rdn Net Gains Losses On Other Financial Instruments
NetGainsLossesOnOtherFinancialInstruments
75251000 USD
CY2012Q1 rdn Net Gains Losses On Other Financial Instruments
NetGainsLossesOnOtherFinancialInstruments
-17852000 USD
rdn Non Overturned Rebuttals On Rescinded First Lien Claims First Loss Position
NonOverturnedRebuttalsOnRescindedFirstLienClaimsFirstLossPosition
484600000 USD
rdn Non Overturned Rebuttals On Rescinded First Lien Claims Second Loss Position
NonOverturnedRebuttalsOnRescindedFirstLienClaimsSecondLossPosition
212100000 USD
CY2011Q4 rdn Number Of Afs And Htm Securities In Unrealized Loss Position
NumberOfAfsAndHtmSecuritiesInUnrealizedLossPosition
38
CY2012Q1 rdn Number Of Afs And Htm Securities In Unrealized Loss Position
NumberOfAfsAndHtmSecuritiesInUnrealizedLossPosition
29
CY2010Q3 rdn Number Of Loans Included In Rmbs Bulk Primary Mortgage Insurance Policies Involved In Litigation
NumberOfLoansIncludedInRmbsBulkPrimaryMortgageInsurancePoliciesInvolvedInLitigation
271
CY2010Q3 rdn Number Of Rmbs Bulk Primary Mortgage Insurance Policies Involved In Pending Or Threatened Litigation
NumberOfRmbsBulkPrimaryMortgageInsurancePoliciesInvolvedInPendingOrThreatenedLitigation
27
CY2011Q4 rdn Number Of Securities In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfSecuritiesInContinuousUnrealizedLossPositionLessThanTwelveMonths
10
CY2012Q1 rdn Number Of Securities In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfSecuritiesInContinuousUnrealizedLossPositionLessThanTwelveMonths
3
CY2011Q4 rdn Number Of Securities In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfSecuritiesInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
28
CY2012Q1 rdn Number Of Securities In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfSecuritiesInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
26
CY2011Q1 rdn Other Comprehensive Income Foreign Currency Trans And Translation Adj Tax
OtherComprehensiveIncomeForeignCurrencyTransAndTranslationAdjTax
0 USD
CY2012Q1 rdn Other Comprehensive Income Foreign Currency Trans And Translation Adj Tax
OtherComprehensiveIncomeForeignCurrencyTransAndTranslationAdjTax
0 USD
CY2012Q1 rdn Premium Deficiency Reserve
PremiumDeficiencyReserve
3624000 USD
CY2011Q4 rdn Premium Deficiency Reserve
PremiumDeficiencyReserve
3644000 USD
CY2012Q1 rdn Premiums Earned Financial Guaranty Adjustment For Recaptures
PremiumsEarnedFinancialGuarantyAdjustmentForRecaptures
-16300000 USD
CY2011Q1 rdn Premiums Earned Financial Guaranty Adjustment For Recaptures
PremiumsEarnedFinancialGuarantyAdjustmentForRecaptures
0 USD
CY2012Q1 rdn Premiums Earned For Financial Guaranty Adjustment For Refundings
PremiumsEarnedForFinancialGuarantyAdjustmentForRefundings
8200000 USD
CY2011Q1 rdn Premiums Earned For Financial Guaranty Adjustment For Refundings
PremiumsEarnedForFinancialGuarantyAdjustmentForRefundings
4800000 USD
CY2011Q1 rdn Premiums Earned For Financial Guaranty Adjustment For Reinsurance
PremiumsEarnedForFinancialGuarantyAdjustmentForReinsurance
0 USD
CY2012Q1 rdn Premiums Earned For Financial Guaranty Adjustment For Reinsurance
PremiumsEarnedForFinancialGuarantyAdjustmentForReinsurance
-6000000 USD
CY2012Q1 rdn Proceeds From Sales Of Trading Securities Held For Investment
ProceedsFromSalesOfTradingSecuritiesHeldForInvestment
450214000 USD
CY2011Q1 rdn Proceeds From Sales Of Trading Securities Held For Investment
ProceedsFromSalesOfTradingSecuritiesHeldForInvestment
313036000 USD
CY2012Q1 rdn Provision For Contract Underwriting Expense
ProvisionForContractUnderwritingExpense
100000 USD
CY2012Q1 rdn Reserve For Contract Underwriting Obligations
ReserveForContractUnderwritingObligations
3000000 USD
CY2011Q1 rdn Total Adjustment To Premiums Earned For Financial Guaranty Contracts
TotalAdjustmentToPremiumsEarnedForFinancialGuarantyContracts
6300000 USD
CY2012Q1 rdn Total Adjustment To Premiums Earned For Financial Guaranty Contracts
TotalAdjustmentToPremiumsEarnedForFinancialGuarantyContracts
-13800000 USD
CY2012Q1 rdn Total First Lien Claims Rescinded Or Denied
TotalFirstLienClaimsRescindedOrDenied
245700000 USD
CY2011Q1 rdn Total First Lien Claims Rescinded Or Denied
TotalFirstLienClaimsRescindedOrDenied
152100000 USD
CY2012Q1 rdn Total Incentive Retention And Severance Agreement Expenses Expected To Be Incurred
TotalIncentiveRetentionAndSeveranceAgreementExpensesExpectedToBeIncurred
9000000 USD
rdn Total Non Overturned Rebuttals On Rescinded First Lien Claims
TotalNonOverturnedRebuttalsOnRescindedFirstLienClaims
696700000 USD
CY2011Q4 rdn Unrealized Loss On Afs And Htm Securities
UnrealizedLossOnAfsAndHtmSecurities
6816000 USD
CY2012Q1 rdn Unrealized Loss On Afs And Htm Securities
UnrealizedLossOnAfsAndHtmSecurities
2418000 USD
CY2011Q4 rdn Unrealized Loss On Afs And Htm Securities Greater Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesGreaterThanTwelveMonths
5832000 USD
CY2012Q1 rdn Unrealized Loss On Afs And Htm Securities Greater Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesGreaterThanTwelveMonths
2408000 USD
CY2011Q4 rdn Unrealized Loss On Afs And Htm Securities Less Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesLessThanTwelveMonths
984000 USD
CY2012Q1 rdn Unrealized Loss On Afs And Htm Securities Less Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesLessThanTwelveMonths
10000 USD
CY2012Q1 rdn Unrecorded Incentive Retention And Severance Agreement Expenses
UnrecordedIncentiveRetentionAndSeveranceAgreementExpenses
2700000 USD
CY2011Q4 rdn Variable Interest Entity Accounts Payable And Other Liabilities
VariableInterestEntityAccountsPayableAndOtherLiabilities
530000 USD
CY2012Q1 rdn Variable Interest Entity Accounts Payable And Other Liabilities
VariableInterestEntityAccountsPayableAndOtherLiabilities
465000 USD
CY2011Q4 rdn Variable Interest Entity Carrying Amount Of Derivative Assets
VariableInterestEntityCarryingAmountOfDerivativeAssets
1602000 USD
CY2012Q1 rdn Variable Interest Entity Carrying Amount Of Derivative Assets
VariableInterestEntityCarryingAmountOfDerivativeAssets
1672000 USD
CY2011Q4 rdn Variable Interest Entity Carrying Amount Of Securities
VariableInterestEntityCarryingAmountOfSecurities
94521000 USD
CY2012Q1 rdn Variable Interest Entity Carrying Amount Of Securities
VariableInterestEntityCarryingAmountOfSecurities
91267000 USD
CY2011Q4 rdn Variable Interest Entity Carrying Amount Of Short Term Investments
VariableInterestEntityCarryingAmountOfShortTermInvestments
149981000 USD
CY2012Q1 rdn Variable Interest Entity Carrying Amount Of Short Term Investments
VariableInterestEntityCarryingAmountOfShortTermInvestments
0 USD
CY2011Q4 rdn Variable Interest Entity Debt
VariableInterestEntityDebt
228240000 USD
CY2012Q1 rdn Variable Interest Entity Debt
VariableInterestEntityDebt
255234000 USD
CY2012Q1 rdn Variable Interest Entity Derivative Liabilities
VariableInterestEntityDerivativeLiabilities
18261000 USD
CY2011Q4 rdn Variable Interest Entity Derivative Liabilities
VariableInterestEntityDerivativeLiabilities
19501000 USD
CY2011Q4 rdn Vie Other Assets
VieOtherAssets
105903000 USD
CY2012Q1 rdn Vie Other Assets
VieOtherAssets
102775000 USD
CY2012Q1 dei Amendment Flag
AmendmentFlag
false
CY2012Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2012Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012Q1 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012Q1 dei Document Type
DocumentType
10-Q
CY2012Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000890926
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
133294158 shares
CY2012Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Registrant Name
EntityRegistrantName
Radian Group Inc.
CY2012Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

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