2014 Q1 Form 10-Q Financial Statement

#000089092614000022 Filed on May 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $258.2M $42.38M
YoY Change 509.16% -76.5%
Cost Of Revenue $0.00
YoY Change
Gross Profit $258.2M
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.017M $17.20M
YoY Change -59.19% -38.69%
% of Gross Profit 2.72%
Operating Expenses $111.2M $228.7M
YoY Change -51.38% -33.58%
Operating Profit $127.1M -$202.2M
YoY Change -162.85% 13.53%
Interest Expense $19.93M $15.88M
YoY Change 25.48% 12.25%
% of Operating Profit 15.68%
Other Income/Expense, Net
YoY Change
Pretax Income $127.1M -$202.2M
YoY Change -162.86% 13.53%
Income Tax -$18.88M -$14.72M
% Of Pretax Income -14.86%
Net Earnings $202.8M -$187.5M
YoY Change -208.14% 10.79%
Net Earnings / Revenue 78.54% -442.4%
Basic Earnings Per Share $1.17 -$1.30
Diluted Earnings Per Share $0.94 -$1.30
COMMON SHARES
Basic Shares Outstanding 173.2M shares 144.4M shares
Diluted Shares Outstanding 222.7M shares 144.4M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $19.60M $29.33M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $75.10M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $12.48M $7.105M
YoY Change 75.68% -31.24%
Goodwill $2.095M
YoY Change
Intangibles $188.0K
YoY Change
Long-Term Investments $4.859B $5.620B
YoY Change -13.54% 0.47%
Other Assets $22.40M $17.90M
YoY Change 25.14% 11.88%
Total Long-Term Assets $5.454B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $75.10M
Total Long-Term Assets $5.454B
Total Assets $5.529B $6.371B
YoY Change -13.22% -1.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
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 $37.50M
YoY Change -90.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.125B $1.014B
YoY Change 11.0% 8.97%
Other Long-Term Liabilities $649.9M $792.9M
YoY Change -18.04% 292.33%
Total Long-Term Liabilities $1.775B $1.806B
YoY Change -1.74% 59.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.50M
Total Long-Term Liabilities $1.775B $1.806B
Total Liabilities $4.382B $5.440B
YoY Change -19.44% 0.2%
SHAREHOLDERS EQUITY
Retained Earnings -$349.5M -$542.7M
YoY Change -35.61% 643.43%
Common Stock $191.0K $190.0K
YoY Change 0.53% 25.83%
Preferred Stock
YoY Change
Treasury Stock (at cost) $892.9M $892.1M
YoY Change 0.09% 0.0%
Treasury Stock Shares 17.55M shares 17.48M shares
Shareholders Equity $1.056B $931.0M
YoY Change
Total Liabilities & Shareholders Equity $5.529B $6.371B
YoY Change -13.22% -1.2%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $202.8M -$187.5M
YoY Change -208.14% 10.79%
Depreciation, Depletion And Amortization $7.017M $17.20M
YoY Change -59.19% -38.69%
Cash From Operating Activities -$137.0M -$166.0M
YoY Change -17.46% 7.51%
INVESTING ACTIVITIES
Capital Expenditures -$2.800M -$400.0K
YoY Change 600.0% 0.0%
Acquisitions $0.00
YoY Change
Other Investing Activities $137.2M -$2.005M
YoY Change -6942.89% 193.99%
Cash From Investing Activities $134.5M -$437.3M
YoY Change -130.75% -254.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $299.5M
YoY Change -100.0%
Debt Paid & Issued, Net $0.00 $79.37M
YoY Change -100.0% -39.97%
Cash From Financing Activities -$344.0K $601.1M
YoY Change -100.06% -553.46%
NET CHANGE
Cash From Operating Activities -$137.0M -166.0M
Cash From Investing Activities $134.5M -$437.3M
Cash From Financing Activities -$344.0K $601.1M
Net Change In Cash -$2.902M $163.8M
YoY Change -101.77% 8.73%
FREE CASH FLOW
Cash From Operating Activities -$137.0M -$166.0M
Capital Expenditures -$2.800M -$400.0K
Free Cash Flow -$134.2M -$165.6M
YoY Change -18.96% 7.53%

Facts In Submission

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CY2014Q1 us-gaap Premiums Earned Net
PremiumsEarnedNet
205665000 USD
CY2014Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
213706000 USD
CY2013Q1 us-gaap Premiums Written Net
PremiumsWrittenNet
207185000 USD
CY2013Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
381165000 USD
CY2014Q1 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
299542000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
1540000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2035000 USD
CY2013Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
255000 USD
CY2014Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
300000 USD
CY2014Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
13230000 USD
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
1102000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
640000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
2005000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
380030000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
444967000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12482000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10516000 USD
CY2013Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
46846000 USD
CY2014Q1 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
31033000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
79372000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22527000 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22366000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-349467000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-552226000 USD
CY2014Q1 us-gaap Revenues
Revenues
346256000 USD
CY2013Q1 us-gaap Revenues
Revenues
42382000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Gross Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationGrossClaimLiability
277598000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstanding
2824677000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Interest
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingInterest
999585000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Insured Contractual Payments Outstanding Principal
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationInsuredContractualPaymentsOutstandingPrincipal
1825092000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Net Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNetClaimLiability
43265000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Number Of Contracts Issued And Outstanding
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationNumberOfContractsIssuedAndOutstanding
366 policy
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Gross Potential Recoveries
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityGrossPotentialRecoveries
380737000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Reductions Of Gross Claim Liability Net Discount
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationReductionsOfGrossClaimLiabilityNetDiscount
-146404000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Claim Liability
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionClaimLiability
27815000 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Reinsurance Recoverable
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionReinsuranceRecoverable
0 USD
CY2014Q1 us-gaap Schedule Of Insured Financial Obligations With Credit Deterioration Statement Of Financial Position Unearned Premium Revenue
ScheduleOfInsuredFinancialObligationsWithCreditDeteriorationStatementOfFinancialPositionUnearnedPremiumRevenue
29724000 USD
CY2014Q1 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-top:6px;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, including IBNR reserves and LAE, for the periods indicated: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><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;margin-left:auto;margin-right:auto;width:71.15009746588694%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="66%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="2%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" 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 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;">2014</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;">2013</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;font-weight:bold;">Mortgage Insurance</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;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;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="3" style="vertical-align:bottom;background-color:#cceeff;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;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at January 1</font></div></td><td style="vertical-align:bottom;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;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,164,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;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;">3,083,608</font></div></td><td style="vertical-align:bottom;" 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;padding-left:12px;text-indent:-12px;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;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;">38,363</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;">83,238</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;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at January 1, net of reinsurance recoverables</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;">2,125,990</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;">3,000,370</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;padding-left:12px;text-indent:-12px;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;background-color:#cceeff;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;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="3" style="vertical-align:bottom;background-color:#cceeff;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;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;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;">142,696</font></div></td><td style="vertical-align:bottom;" 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;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">182,534</font></div></td><td style="vertical-align:bottom;" 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: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;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;">(93,536</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right: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;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;">(50,578</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right: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></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;">Total incurred</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;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;">49,160</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;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;border-bottom:1px solid #000000;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;">131,956</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;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;">Deduct paid claims and LAE related to:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;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;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="3" style="vertical-align:bottom;background-color:#cceeff;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;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;">306,941</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;">309,927</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;padding-left:12px;text-indent:-12px;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;">306,941</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;">309,927</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;padding-left:12px;text-indent:-12px;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;">1,868,209</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;">2,822,399</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;padding-left:12px;text-indent:-12px;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;">25,751</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;">72,101</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;padding-left:12px;text-indent:-12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at March 31</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;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,893,960</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</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;">2,894,500</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:30px;" 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:0px;"><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 the Reinsurance Transactions. See Note 7 for additional information.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;" 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:0px;"><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 default notice dated 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>
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
173165000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
144355000 shares
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
1055567000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
939645000 USD
CY2014Q1 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
26300000 USD
CY2014Q1 us-gaap Trading Securities
TradingSecurities
2728976000 USD
CY2013Q4 us-gaap Trading Securities
TradingSecurities
3117429000 USD
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
17545781 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
17537457 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
892807000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
892937000 USD
CY2013Q4 us-gaap Unearned Premiums
UnearnedPremiums
768871000 USD
CY2014Q1 us-gaap Unearned Premiums
UnearnedPremiums
774788000 USD
CY2013Q1 us-gaap Unearned Premiums
UnearnedPremiums
673849000 USD
CY2014Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-85800000 USD
CY2013Q1 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0209
CY2013 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0295
CY2014Q1 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0286
CY2012 us-gaap Weighted Average Discount Rate Percent
WeightedAverageDiscountRatePercent
0.0200
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
222668000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144355000 shares
CY2014Q1 rdn Amortized Cost Debt And Equity Securities
AmortizedCostDebtAndEquitySecurities
290890000 USD
CY2013Q4 rdn Amortized Cost Debt And Equity Securities
AmortizedCostDebtAndEquitySecurities
198849000 USD
CY2013Q1 rdn Change In Present Valueof Estimated Credit Loss Payments
ChangeInPresentValueofEstimatedCreditLossPayments
3144000 USD
CY2014Q1 rdn Change In Present Valueof Estimated Credit Loss Payments
ChangeInPresentValueofEstimatedCreditLossPayments
362000 USD
CY2013Q1 rdn Change In Reserve For Premium Deficiency
ChangeInReserveForPremiumDeficiency
-629000 USD
CY2014Q1 rdn Change In Reserve For Premium Deficiency
ChangeInReserveForPremiumDeficiency
466000 USD
CY2013Q1 rdn Changein Fair Valueof Derivative Instruments Expectedto Reverse Over Time
ChangeinFairValueofDerivativeInstrumentsExpectedtoReverseOverTime
-175806000 USD
CY2014Q1 rdn Changein Fair Valueof Derivative Instruments Expectedto Reverse Over Time
ChangeinFairValueofDerivativeInstrumentsExpectedtoReverseOverTime
46279000 USD
CY2014Q1 rdn Debt Instrument Convertible Gross Amountof Equity Component
DebtInstrumentConvertibleGrossAmountofEquityComponent
91016000 USD
CY2013Q4 rdn Debt Instrument Convertible Gross Amountof Equity Component
DebtInstrumentConvertibleGrossAmountofEquityComponent
0 USD
CY2014Q1 rdn Deferred Tax Asset Net Before Allocation Of Valuation Allowance
DeferredTaxAssetNetBeforeAllocationOfValuationAllowance
936500000 USD
CY2013Q4 rdn Deferred Tax Asset Net Before Allocation Of Valuation Allowance
DeferredTaxAssetNetBeforeAllocationOfValuationAllowance
1040200000 USD
CY2014Q1 rdn Fair Value Debt And Equity Securities
FairValueDebtAndEquitySecurities
351959000 USD
CY2013Q4 rdn Fair Value Debt And Equity Securities
FairValueDebtAndEquitySecurities
256072000 USD
CY2013Q4 rdn Fair Value Htm And Afs Securities Unrealized Loss Greater Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossGreaterThanTwelveMonths
8480000 USD
CY2014Q1 rdn Fair Value Htm And Afs Securities Unrealized Loss Greater Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossGreaterThanTwelveMonths
8339000 USD
CY2013Q4 rdn Fair Value Htm And Afs Securities Unrealized Loss Less Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossLessThanTwelveMonths
19903000 USD
CY2014Q1 rdn Fair Value Htm And Afs Securities Unrealized Loss Less Than Twelve Months
FairValueHtmAndAfsSecuritiesUnrealizedLossLessThanTwelveMonths
89695000 USD
CY2013Q4 rdn Fair Value Htm And Afs Securities With Unrealized Losses
FairValueHtmAndAfsSecuritiesWithUnrealizedLosses
28383000 USD
CY2014Q1 rdn Fair Value Htm And Afs Securities With Unrealized Losses
FairValueHtmAndAfsSecuritiesWithUnrealizedLosses
98034000 USD
CY2014Q1 rdn Gross Unrealized Holding Gains Debt And Equity Securities
GrossUnrealizedHoldingGainsDebtAndEquitySecurities
62572000 USD
CY2013 rdn Gross Unrealized Holding Gains Debt And Equity Securities
GrossUnrealizedHoldingGainsDebtAndEquitySecurities
58340000 USD
CY2014Q1 rdn Gross Unrealized Holding Losses Debt And Equity Securities
GrossUnrealizedHoldingLossesDebtAndEquitySecurities
1503000 USD
CY2013 rdn Gross Unrealized Holding Losses Debt And Equity Securities
GrossUnrealizedHoldingLossesDebtAndEquitySecurities
1117000 USD
CY2014Q1 rdn Increase Decrease To Premiums Earnedfor Financial Guaranty Contracts Relatedto Foreign Exchange Revaluation Grossof Commission
IncreaseDecreaseToPremiumsEarnedforFinancialGuarantyContractsRelatedtoForeignExchangeRevaluationGrossofCommission
314000 USD
CY2013Q1 rdn Increase Decrease To Premiums Earnedfor Financial Guaranty Contracts Relatedto Foreign Exchange Revaluation Grossof Commission
IncreaseDecreaseToPremiumsEarnedforFinancialGuarantyContractsRelatedtoForeignExchangeRevaluationGrossofCommission
-768000 USD
CY2014Q1 rdn Increase Decreasein Premiums Earned On Financial Guaranty Contracts Relatedto Recaptures And Commutations
IncreaseDecreaseinPremiumsEarnedOnFinancialGuarantyContractsRelatedtoRecapturesAndCommutations
0 USD
CY2013Q1 rdn Increase Decreasein Premiums Earned On Financial Guaranty Contracts Relatedto Recaptures And Commutations
IncreaseDecreaseinPremiumsEarnedOnFinancialGuarantyContractsRelatedtoRecapturesAndCommutations
-2447000 USD
CY2013Q1 rdn Increase Decreasein Premiums Earnedon Financial Guaranty Insurance Contracts Related To Changes In Installment Premiums Grossof Commissions
IncreaseDecreaseinPremiumsEarnedonFinancialGuarantyInsuranceContractsRelatedToChangesInInstallmentPremiumsGrossofCommissions
2692000 USD
CY2014Q1 rdn Increase Decreasein Premiums Earnedon Financial Guaranty Insurance Contracts Related To Changes In Installment Premiums Grossof Commissions
IncreaseDecreaseinPremiumsEarnedonFinancialGuarantyInsuranceContractsRelatedToChangesInInstallmentPremiumsGrossofCommissions
139000 USD
CY2014Q1 rdn Minimum Numberof Pendingor Threatened Matters That Could Effect Our Results
MinimumNumberofPendingorThreatenedMattersThatCouldEffectOurResults
1 matters
CY2014Q1 rdn Net Gains Losses On Other Financial Instruments
NetGainsLossesOnOtherFinancialInstruments
698000 USD
CY2013Q1 rdn Net Gains Losses On Other Financial Instruments
NetGainsLossesOnOtherFinancialInstruments
-5675000 USD
CY2013Q1 rdn Net Premiums Earned On Derivatives
NetPremiumsEarnedOnDerivatives
4992000 USD
CY2014Q1 rdn Net Premiums Earned On Derivatives
NetPremiumsEarnedOnDerivatives
3445000 USD
CY2014Q1 rdn New Insurance Written
NewInsuranceWritten
USD
CY2013Q4 rdn Number Of Afs And Htm Securities In Unrealized Loss Position
NumberOfAfsAndHtmSecuritiesInUnrealizedLossPosition
9 security
CY2014Q1 rdn Number Of Afs And Htm Securities In Unrealized Loss Position
NumberOfAfsAndHtmSecuritiesInUnrealizedLossPosition
29 security
CY2013Q4 rdn Number Of Securities In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfSecuritiesInContinuousUnrealizedLossPositionLessThanTwelveMonths
5 security
CY2014Q1 rdn Number Of Securities In Continuous Unrealized Loss Position Less Than Twelve Months
NumberOfSecuritiesInContinuousUnrealizedLossPositionLessThanTwelveMonths
26 security
CY2013Q4 rdn Number Of Securities In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfSecuritiesInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
4 security
CY2014Q1 rdn Number Of Securities In Continuous Unrealized Loss Position Twelve Months Or Longer
NumberOfSecuritiesInContinuousUnrealizedLossPositionTwelveMonthsOrLonger
3 security
CY2014Q1 rdn Numberof Quota Share Reinsurance Agreements
NumberofQuotaShareReinsuranceAgreements
2 transaction
CY2013Q1 rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
-15237000 USD
CY2014Q1 rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
91090000 USD
CY2013Q1 rdn Premiums Earned For Financial Guaranty Adjustment For Refundings
PremiumsEarnedForFinancialGuarantyAdjustmentForRefundings
4753000 USD
CY2014Q1 rdn Premiums Earned For Financial Guaranty Adjustment For Refundings
PremiumsEarnedForFinancialGuarantyAdjustmentForRefundings
2117000 USD
CY2014Q1 rdn Restricted Net Assets Held By Consolidated Subsidiaries
RestrictedNetAssetsHeldByConsolidatedSubsidiaries
1600000000 USD
CY2013Q1 rdn Revenue Non Gaap Basis
RevenueNonGAAPBasis
226224000 USD
CY2014Q1 rdn Revenue Non Gaap Basis
RevenueNonGAAPBasis
234466000 USD
CY2014Q1 rdn Risk To Capital Ratio Regulatory Maximum
RiskToCapitalRatioRegulatoryMaximum
25
CY2013Q1 rdn Segment Reporting Information Cash And Investments Including Restricted Cash
SegmentReportingInformationCashAndInvestmentsIncludingRestrictedCash
5672888000 USD
CY2014Q1 rdn Segment Reporting Information Cash And Investments Including Restricted Cash
SegmentReportingInformationCashAndInvestmentsIncludingRestrictedCash
4901908000 USD
CY2014Q1 rdn Total Adjustment To Premiums Earned For Financial Guaranty Contracts
TotalAdjustmentToPremiumsEarnedForFinancialGuarantyContracts
2570000 USD
CY2013Q1 rdn Total Adjustment To Premiums Earned For Financial Guaranty Contracts
TotalAdjustmentToPremiumsEarnedForFinancialGuarantyContracts
4295000 USD
CY2013Q1 rdn Total Expenses Non Gaap
TotalExpensesNonGAAP
241462000 USD
CY2014Q1 rdn Total Expenses Non Gaap
TotalExpensesNonGAAP
143363000 USD
CY2013Q4 rdn Unrealized Loss On Afs And Htm Securities
UnrealizedLossOnAfsAndHtmSecurities
1117000 USD
CY2014Q1 rdn Unrealized Loss On Afs And Htm Securities
UnrealizedLossOnAfsAndHtmSecurities
1503000 USD
CY2013Q4 rdn Unrealized Loss On Afs And Htm Securities Greater Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesGreaterThanTwelveMonths
1018000 USD
CY2014Q1 rdn Unrealized Loss On Afs And Htm Securities Greater Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesGreaterThanTwelveMonths
896000 USD
CY2013Q4 rdn Unrealized Loss On Afs And Htm Securities Less Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesLessThanTwelveMonths
99000 USD
CY2014Q1 rdn Unrealized Loss On Afs And Htm Securities Less Than Twelve Months
UnrealizedLossOnAfsAndHtmSecuritiesLessThanTwelveMonths
607000 USD
CY2014Q1 rdn Variable Interest Entity Accounts Payable And Other Liabilities
VariableInterestEntityAccountsPayableAndOtherLiabilities
190000 USD
CY2013Q4 rdn Variable Interest Entity Accounts Payable And Other Liabilities
VariableInterestEntityAccountsPayableAndOtherLiabilities
254000 USD
CY2014Q1 rdn Variable Interest Entity Carrying Amount Of Derivative Assets
VariableInterestEntityCarryingAmountOfDerivativeAssets
0 USD
CY2013Q4 rdn Variable Interest Entity Carrying Amount Of Derivative Assets
VariableInterestEntityCarryingAmountOfDerivativeAssets
0 USD
CY2014Q1 rdn Variable Interest Entity Debt
VariableInterestEntityDebt
95580000 USD
CY2013Q4 rdn Variable Interest Entity Debt
VariableInterestEntityDebt
94645000 USD
CY2013Q1 rdn Variable Interest Entity Debt
VariableInterestEntityDebt
107401000 USD
CY2014Q1 rdn Variable Interest Entity Derivative Liabilities
VariableInterestEntityDerivativeLiabilities
47769000 USD
CY2013Q4 rdn Variable Interest Entity Derivative Liabilities
VariableInterestEntityDerivativeLiabilities
68457000 USD
CY2014Q1 rdn Variable Interest Entity Fair Value Of Other Invested Assets
VariableInterestEntityFairValueOfOtherInvestedAssets
81635000 USD
CY2013Q4 rdn Variable Interest Entity Fair Value Of Other Invested Assets
VariableInterestEntityFairValueOfOtherInvestedAssets
81000000 USD
CY2013Q4 rdn Variable Interest Entity Other Assets
VariableInterestEntityOtherAssets
92023000 USD
CY2014Q1 rdn Variable Interest Entity Other Assets
VariableInterestEntityOtherAssets
92594000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000890926
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
173171885 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Radian Group Inc.
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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