2021 Q2 Form 10-Q Financial Statement

#000089092621000092 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $337.0M $364.4M
YoY Change -7.53% -7.73%
Cost Of Revenue $3.648M $17.97M
YoY Change -79.7% -35.46%
Gross Profit $333.3M $346.5M
YoY Change -3.79% -5.62%
Gross Profit Margin 98.92% 95.07%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.838M $6.015M
YoY Change -19.57% 216.58%
% of Gross Profit 1.45% 1.74%
Operating Expenses $141.5M $406.7M
YoY Change -65.21% 119.32%
Operating Profit $191.8M -$60.20M
YoY Change -418.71% -133.13%
Interest Expense $21.07M $16.70M
YoY Change 26.15% 11.62%
% of Operating Profit 10.98%
Other Income/Expense, Net
YoY Change
Pretax Income $195.5M -$42.22M
YoY Change -563.0% -120.15%
Income Tax $40.29M -$12.27M
% Of Pretax Income 20.61%
Net Earnings $155.2M -$29.95M
YoY Change -618.2% -117.96%
Net Earnings / Revenue 46.06% -8.22%
Basic Earnings Per Share $0.80 -$0.15
Diluted Earnings Per Share $0.80 -$0.15
COMMON SHARES
Basic Shares Outstanding 193.4M shares 193.3M shares
Diluted Shares Outstanding 194.6M shares 193.3M shares

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $134.9M $68.39M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $153.1M $110.7M
YoY Change 38.33% -9.34%
LONG-TERM ASSETS
Property, Plant & Equipment $74.29M $27.50M
YoY Change 170.1% -23.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.813B $6.431B
YoY Change 5.93% 16.65%
Other Assets $2.968M $16.30M
YoY Change -81.79% 36.97%
Total Long-Term Assets $7.856B $7.459B
YoY Change 5.33% 15.28%
TOTAL ASSETS
Total Short-Term Assets $153.1M $110.7M
Total Long-Term Assets $7.856B $7.459B
Total Assets $8.009B $7.569B
YoY Change 5.81% 14.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $56.00M $54.80M
YoY Change 2.19% -19.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $56.00M $54.80M
YoY Change 2.19% -19.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.562B $1.579B
YoY Change -1.11% 44.96%
Other Long-Term Liabilities $247.4M $210.1M
YoY Change 17.77% -12.46%
Total Long-Term Liabilities $1.809B $1.789B
YoY Change 1.11% 34.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $56.00M $54.80M
Total Long-Term Liabilities $1.809B $1.789B
Total Liabilities $3.675B $3.583B
YoY Change 2.57% 27.57%
SHAREHOLDERS EQUITY
Retained Earnings $2.913B $2.450B
YoY Change 18.88% 19.17%
Common Stock $207.0K $2.233B
YoY Change -99.99% -12.08%
Preferred Stock
YoY Change
Treasury Stock (at cost) $920.2M $909.7M
YoY Change 1.15% 0.92%
Treasury Stock Shares 18.51M shares
Shareholders Equity $4.334B $3.986B
YoY Change
Total Liabilities & Shareholders Equity $8.009B $7.569B
YoY Change 5.81% 14.82%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $155.2M -$29.95M
YoY Change -618.2% -117.96%
Depreciation, Depletion And Amortization $4.838M $6.015M
YoY Change -19.57% 216.58%
Cash From Operating Activities $122.9M $149.5M
YoY Change -17.8% 24.27%
INVESTING ACTIVITIES
Capital Expenditures -$2.893M -$5.600M
YoY Change -48.34% -34.12%
Acquisitions
YoY Change
Other Investing Activities $8.500M -$606.7M
YoY Change -101.4% -1335.64%
Cash From Investing Activities $5.507M -$612.4M
YoY Change -100.9% -1612.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -114.2M 485.6M
YoY Change -123.53% -331.79%
NET CHANGE
Cash From Operating Activities 122.9M 149.5M
Cash From Investing Activities 5.507M -612.4M
Cash From Financing Activities -114.2M 485.6M
Net Change In Cash 14.16M 22.70M
YoY Change -37.62% -146.61%
FREE CASH FLOW
Cash From Operating Activities $122.9M $149.5M
Capital Expenditures -$2.893M -$5.600M
Free Cash Flow $125.8M $155.1M
YoY Change -18.9% 20.42%

Facts In Submission

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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
182360000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-84869000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
101673000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
217327000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
152409000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
195945000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
212183000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
275896000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
305291000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
329072000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
735154000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
7952000 USD
us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
11602000 USD
rdn Proceedsfrom Saleof Equity Securities
ProceedsfromSaleofEquitySecurities
4440000 USD
rdn Proceedsfrom Saleof Equity Securities
ProceedsfromSaleofEquitySecurities
75793000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
619265000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
271477000 USD
us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
17810000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
944618000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
1216333000 USD
rdn Paymentsto Acquire Equity Securities
PaymentstoAcquireEquitySecurities
61235000 USD
rdn Paymentsto Acquire Equity Securities
PaymentstoAcquireEquitySecurities
65427000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
41925000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
418744000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-5043000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2346000 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
0 USD
us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
16481000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
4993000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
10594000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76393000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-580435000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
52036000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49301000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
263536000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
516083000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1112000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1480000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
98695000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
226305000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-471000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1754000 USD
us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
4348000 USD
us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
-17535000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
32000000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
106960000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
42000000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
66013000 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
0 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
79000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-155742000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
43761000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11608000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94146000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96274000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137907000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84666000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Certain prior period amounts have been reclassified to conform to current period presentation, including: (i) certain balance sheet line items now reported in other assets and (ii) certain segment reporting balances due to changes in the composition of our segments during 2020.
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:7pt;margin-top:9pt"><span style="color:#002b49;font-family:'Arial',sans-serif;font-size:13pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of our contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. While the amounts included in our condensed consolidated financial statements include our best estimates and assumptions, actual results may vary materially.</span></div>
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="margin-bottom:6pt;margin-top:8pt"><span style="color:#4d6b80;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Accounting Standards Not Yet Adopted </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In August 2018, the FASB issued ASU 2018-12, Financial Services—Insurance. The new standard: (i) requires that assumptions used to measure the liability for future policy benefits be reviewed at least annually; (ii) defines and simplifies the measurement of market risk benefits; (iii) simplifies the amortization of deferred acquisition costs; and (iv) enhances the required disclosures about long-duration contracts. This update is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact on our financial statements and future disclosures as a result of this update.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform—Facilitation of the Effects of Reference Reform on Financial Reporting. This update provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this update are optional and may be elected from the date of issuance through December 31, 2022, as reference rate reform activities occur. We are currently evaluating the impact of the guidance and our options related to the practical expedients.</span></div>
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
155206000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
155206000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-29951000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-29951000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
280814000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
280814000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
110510000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
110510000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193436000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193299000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193692000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
197545000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1202000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1294000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1201000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194638000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
193299000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194986000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
198746000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.45
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q2 rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
182264000 USD
CY2020Q2 rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
-89730000 USD
rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
346098000 USD
rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
112784000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
195496000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-42224000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
356685000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
139069000 USD
CY2021Q2 rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
15661000 USD
CY2020Q2 rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
47276000 USD
rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
10480000 USD
rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
25249000 USD
CY2021Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2020Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
247000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
247000 USD
CY2021Q2 us-gaap Revenues
Revenues
336994000 USD
CY2020Q2 us-gaap Revenues
Revenues
364441000 USD
us-gaap Revenues
Revenues
665807000 USD
us-gaap Revenues
Revenues
693522000 USD
CY2021Q2 rdn Services Revenue Net
ServicesRevenueNet
29464000 USD
CY2020Q2 rdn Services Revenue Net
ServicesRevenueNet
28075000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2021Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
36 security
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
116528000 USD
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1586000 USD
CY2021Q2 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
396 security
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
1482823000 USD
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
27014000 USD
CY2020Q4 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
194 security
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
679631000 USD
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
12101000 USD
CY2020Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsGreaterThanOrEqualToOneYear
36 security
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue
158852000 USD
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2056000 USD
CY2020Q4 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
230 security
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
838483000 USD
CY2020Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss
14157000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2021Q2 rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
4266000 USD
CY2020Q2 rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
7024000 USD
rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
4084000 USD
rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
18663000 USD
CY2021Q2 rdn Other Than Temporary Impairment Losses Investments Due To Intent To Sell
OtherThanTemporaryImpairmentLossesInvestmentsDueToIntentToSell
0 USD
CY2020Q2 rdn Other Than Temporary Impairment Losses Investments Due To Intent To Sell
OtherThanTemporaryImpairmentLossesInvestmentsDueToIntentToSell
779000 USD
rdn Other Than Temporary Impairment Losses Investments Due To Intent To Sell
OtherThanTemporaryImpairmentLossesInvestmentsDueToIntentToSell
0 USD
rdn Other Than Temporary Impairment Losses Investments Due To Intent To Sell
OtherThanTemporaryImpairmentLossesInvestmentsDueToIntentToSell
1401000 USD
CY2021Q2 rdn Other Than Temporary Impairment Losses Investments Expected Credit Losses
OtherThanTemporaryImpairmentLossesInvestmentsExpectedCreditLosses
-608000 USD
CY2020Q2 rdn Other Than Temporary Impairment Losses Investments Expected Credit Losses
OtherThanTemporaryImpairmentLossesInvestmentsExpectedCreditLosses
2782000 USD
rdn Other Than Temporary Impairment Losses Investments Expected Credit Losses
OtherThanTemporaryImpairmentLossesInvestmentsExpectedCreditLosses
-918000 USD
rdn Other Than Temporary Impairment Losses Investments Expected Credit Losses
OtherThanTemporaryImpairmentLossesInvestmentsExpectedCreditLosses
2782000 USD
CY2021Q2 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
8036000 USD
CY2020Q2 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
24948000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
5517000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-1897000 USD
CY2021Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
12910000 USD
CY2020Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
28411000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
10519000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
12583000 USD
CY2021Q2 rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
9919000 USD
CY2020Q2 rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
24032000 USD
rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
7597000 USD
rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
-1010000 USD
CY2021Q2 us-gaap Direct Premiums Written
DirectPremiumsWritten
248849000 USD
rdn Services Revenue Net
ServicesRevenueNet
52359000 USD
rdn Services Revenue Net
ServicesRevenueNet
60002000 USD
CY2021Q2 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
360 security
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
1366295000 USD
CY2021Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
25428000 USD
CY2020Q2 us-gaap Direct Premiums Written
DirectPremiumsWritten
271545000 USD
us-gaap Direct Premiums Written
DirectPremiumsWritten
509468000 USD
us-gaap Direct Premiums Written
DirectPremiumsWritten
551027000 USD
CY2021Q2 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
1615000 USD
CY2020Q2 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
3192000 USD
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
3913000 USD
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
6643000 USD
CY2021Q2 us-gaap Ceded Premiums Written
CededPremiumsWritten
11766000 USD
CY2020Q2 us-gaap Ceded Premiums Written
CededPremiumsWritten
43580000 USD
us-gaap Ceded Premiums Written
CededPremiumsWritten
20601000 USD
us-gaap Ceded Premiums Written
CededPremiumsWritten
63123000 USD
CY2021Q2 us-gaap Premiums Written Net
PremiumsWrittenNet
238698000 USD
CY2020Q2 us-gaap Premiums Written Net
PremiumsWrittenNet
231157000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
492780000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
494547000 USD
CY2021Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
282507000 USD
CY2020Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
315305000 USD
us-gaap Direct Premiums Earned
DirectPremiumsEarned
585228000 USD
us-gaap Direct Premiums Earned
DirectPremiumsEarned
616559000 USD
CY2021Q2 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
1615000 USD
CY2020Q2 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
3197000 USD
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
3913000 USD
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
6653000 USD
CY2021Q2 us-gaap Ceded Premiums Earned
CededPremiumsEarned
29366000 USD
CY2020Q2 us-gaap Ceded Premiums Earned
CededPremiumsEarned
69207000 USD
us-gaap Ceded Premiums Earned
CededPremiumsEarned
62513000 USD
us-gaap Ceded Premiums Earned
CededPremiumsEarned
96502000 USD
CY2021Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
254756000 USD
CY2020Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
249295000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
526628000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
526710000 USD
CY2021Q2 rdn Ceding Commissions Earned
CedingCommissionsEarned
7919000 USD
CY2020Q2 rdn Ceding Commissions Earned
CedingCommissionsEarned
13453000 USD
rdn Ceding Commissions Earned
CedingCommissionsEarned
18326000 USD
rdn Ceding Commissions Earned
CedingCommissionsEarned
23419000 USD
CY2021Q2 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
-1078000 USD
CY2020Q2 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
39635000 USD
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
2668000 USD
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
41597000 USD
CY2021Q2 rdn Unearned Ceding Commissions
UnearnedCedingCommissions
43600000 USD
CY2020Q4 rdn Unearned Ceding Commissions
UnearnedCedingCommissions
52500000 USD
CY2021Q2 us-gaap Prepaid Taxes
PrepaidTaxes
275623000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
210889000 USD
CY2021Q2 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
225727000 USD
CY2020Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
267638000 USD
CY2021Q2 us-gaap Securities Loaned Asset
SecuritiesLoanedAsset
130850000 USD
CY2020Q4 us-gaap Securities Loaned Asset
SecuritiesLoanedAsset
57499000 USD
CY2021Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
112638000 USD
CY2020Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
115586000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
34662000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32985000 USD
CY2021Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
35761000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
30488000 USD
CY2021Q2 us-gaap Other Assets
OtherAssets
815261000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
715085000 USD
CY2021Q2 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
3500000 USD
CY2021Q2 rdn Number Of Corporate Headquarter Leases
NumberOfCorporateHeadquarterLeases
2 numberOfLeases
CY2021Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
885498000 USD
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
848413000 USD
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
the following table presents information relating to our mortgage insurance reserve for losses, including our IBNR reserve and LAE, but excluding our second-lien mortgage loan premium deficiency reserve.<div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:67.054%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.841%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.780%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.841%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.784%"/><td style="width:0.1%"/></tr><tr><td colspan="15" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Rollforward of mortgage insurance reserve for losses</span></div></td></tr><tr style="height:6pt"><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"/><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#00bab3;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Six Months Ended<br/>June 30,</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#8b8886;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(In thousands)</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#e6f8f8;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#00bab3;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2021</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#f4f4f4;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#00bab3;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2020</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Balance at beginning of period</span></td><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"/><td style="border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #c7c9c7;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">844,107 </span></td><td style="border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"/><td style="border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="border-top:1pt solid #c7c9c7;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">401,273 </span></td><td style="border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #e9e9e9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Less: Reinsurance recoverables </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">71,769 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,594 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#f4f4f4;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Balance at beginning of period, net of reinsurance recoverables</span></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">772,338 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">386,679 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Add: Losses and LAE incurred in respect of default notices reported and unreported in:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #e9e9e9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current year</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (2) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">85,807 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">356,555 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Prior years </span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(36,695)</span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(17,223)</span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#f4f4f4;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total incurred</span></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">49,112 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">339,332 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Deduct: Paid claims and LAE related to:</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:1pt solid #e9e9e9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Current year</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline"> (2) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">246 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,594 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Prior years</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,447 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="border-top:1pt solid #e9e9e9;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">44,580 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#f4f4f4;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Total paid</span></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">14,693 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">46,174 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#f4f4f4;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Balance at end of period, net of reinsurance recoverables</span></td><td colspan="3" style="background-color:#f4f4f4;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">806,757 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f4f4f4;border-top:1pt solid #ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">679,837 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Add: Reinsurance recoverables </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1) </span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">74,006 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">55,154 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#f4f4f4;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Balance at end of period</span></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">880,763 </span></td><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</span></td><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">734,991 </span></td><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#64615d;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)</span><span style="color:#64615d;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">Related to ceded losses recoverable, if any, on reinsurance transactions. See Note 8 for additional information.</span></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#64615d;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(2)</span><span style="color:#64615d;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.24pt">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.</span></div>
us-gaap Federal Home Loan Bank Advances Maturity Period Fixed Rate
FederalHomeLoanBankAdvancesMaturityPeriodFixedRate
P90D
us-gaap Federal Home Loan Bank Advances Maturity Period Fixed Rate
FederalHomeLoanBankAdvancesMaturityPeriodFixedRate
P90D
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2021Q2 rdn Risk To Capital Ratio Regulatory Maximum
RiskToCapitalRatioRegulatoryMaximum
25

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