2021 Q4 Form 10-Q Financial Statement

#000089092621000102 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $338.4M $325.8M $375.2M
YoY Change 787.75% -13.19% -1.34%
Cost Of Revenue $17.31M $24.35M
YoY Change -28.94% -16.15%
Gross Profit $308.5M $350.9M
YoY Change -12.09% -0.12%
Gross Profit Margin 94.69% 93.51%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $863.0K $7.924M $10.17M
YoY Change -88.33% -22.05% 435.05%
% of Gross Profit 2.57% 2.9%
Operating Expenses $71.51M $164.1M $214.0M
YoY Change -55.99% -23.32% 31.58%
Operating Profit $144.3M $136.9M
YoY Change 5.47% -27.45%
Interest Expense -$21.14M $21.03M $21.09M
YoY Change -0.3% -0.29% 56.3%
% of Operating Profit 14.57% 15.41%
Other Income/Expense, Net
YoY Change
Pretax Income $246.5M $161.6M $161.2M
YoY Change 37.56% 0.27% -25.94%
Income Tax $53.06M $35.23M $26.10M
% Of Pretax Income 21.53% 21.79% 16.19%
Net Earnings $193.4M $126.4M $135.1M
YoY Change 30.69% -6.43% -22.1%
Net Earnings / Revenue 57.17% 38.81% 36.0%
Basic Earnings Per Share $0.68 $0.70
Diluted Earnings Per Share $1.061M $0.67 $0.70
COMMON SHARES
Basic Shares Outstanding 179.3M shares 186.7M shares 193.2M shares
Diluted Shares Outstanding 188.0M shares 194.2M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $151.1M $154.7M $82.02M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $124.0M $166.7M $145.2M
YoY Change 2.24% 14.83% 0.76%
LONG-TERM ASSETS
Property, Plant & Equipment $75.09M $74.17M $27.17M
YoY Change -6.68% 173.01% -20.88%
Goodwill $9.800M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $6.618B $6.794B $6.585B
YoY Change -2.52% 3.17% 18.99%
Other Assets $1.475M $1.866M $4.400M
YoY Change -76.21% -57.59% 51.72%
Total Long-Term Assets $7.715B $7.875B $7.632B
YoY Change -1.43% 3.18% 16.94%
TOTAL ASSETS
Total Short-Term Assets $124.0M $166.7M $145.2M
Total Long-Term Assets $7.715B $7.875B $7.632B
Total Assets $7.839B $8.042B $7.777B
YoY Change -1.37% 3.4% 16.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $53.52M $54.30M $55.30M
YoY Change 0.23% -1.81% -15.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $53.52M $54.30M $55.30M
YoY Change 0.23% -1.81% -15.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.560B $1.581B $1.546B
YoY Change -1.37% 2.29% 55.97%
Other Long-Term Liabilities $243.1M $304.1M $241.4M
YoY Change 1.92% 25.97% -17.5%
Total Long-Term Liabilities $1.804B $1.885B $1.787B
YoY Change -0.94% 5.49% 39.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.52M $54.30M $55.30M
Total Long-Term Liabilities $1.804B $1.885B $1.787B
Total Liabilities $3.580B $3.784B $3.655B
YoY Change -2.27% 3.52% 33.0%
SHAREHOLDERS EQUITY
Retained Earnings $3.181B $3.013B $2.561B
YoY Change 18.49% 17.65% 14.89%
Common Stock $194.0K $200.0K $2.239B
YoY Change -7.62% -99.99% -9.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $920.8M $920.4M $909.7M
YoY Change 1.17% 1.17% 0.91%
Treasury Stock Shares 18.99M shares 18.51M shares
Shareholders Equity $4.259B $4.258B $4.122B
YoY Change
Total Liabilities & Shareholders Equity $7.839B $8.042B $7.777B
YoY Change -1.37% 3.4% 16.59%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $193.4M $126.4M $135.1M
YoY Change 30.69% -6.43% -22.1%
Depreciation, Depletion And Amortization $863.0K $7.924M $10.17M
YoY Change -88.33% -22.05% 435.05%
Cash From Operating Activities $153.8M $127.4M $193.5M
YoY Change -3.63% -34.16% 14.7%
INVESTING ACTIVITIES
Capital Expenditures -$3.881M -$3.727M -$4.100M
YoY Change 68.74% -9.1% -25.45%
Acquisitions
YoY Change
Other Investing Activities $36.00M $46.14M -$153.1M
YoY Change -125.12% -130.13% 1115.08%
Cash From Investing Activities $32.12M $42.41M -$157.3M
YoY Change -122.08% -126.96% 769.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -189.9M -151.1M -34.40M
YoY Change 2821.31% 339.39% -80.62%
NET CHANGE
Cash From Operating Activities 153.8M 127.4M 193.5M
Cash From Investing Activities 32.12M 42.41M -157.3M
Cash From Financing Activities -189.9M -151.1M -34.40M
Net Change In Cash -3.955M 18.67M 1.800M
YoY Change -152.04% 937.11% -106.69%
FREE CASH FLOW
Cash From Operating Activities $153.8M $127.4M $193.5M
Capital Expenditures -$3.881M -$3.727M -$4.100M
Free Cash Flow $157.7M $131.1M $197.6M
YoY Change -2.6% -33.64% 13.43%

Facts In Submission

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rdn Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
4490000 USD
rdn Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
24172000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
147000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
725000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-2051000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26632000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19808000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-111501000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
121481000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
99780000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
154911000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
295725000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
367094000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
403304000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
498756000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
536387000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
894998000 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
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
29289000 USD
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
77445000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
917027000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
443723000 USD
us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
11703000 USD
us-gaap Proceeds From Maturities Repayments And Calls Of Trading Securities Heldforinvestment
ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment
22112000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
1413445000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
2099281000 USD
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
102956000 USD
us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
69206000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
17474000 USD
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
21797000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6253000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-989000 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
8720000 USD
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
14723000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-33984000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-737657000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
78165000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
73365000 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
0 USD
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
515567000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1225000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1505000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
251482000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
226305000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-710000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1993000 USD
us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
38241000 USD
us-gaap Increase Decrease In Securities Lending Payable
IncreaseDecreaseInSecuritiesLendingPayable
-19191000 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
138909000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
48000000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
105977000 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
-306891000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
229071000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
62429000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9830000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
156575000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86444000 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>
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
126412000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
126412000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
135103000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
135103000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
407226000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
407226000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
245613000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
245613000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186741000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
193176000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
191357000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
196120000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1301000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
980000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1545000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1127000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
188042000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
194156000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
192902000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
197247000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.25
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q3 rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
157567000 USD
CY2020Q3 rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
142290000 USD
rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
503665000 USD
rdn Operating Income Loss Pre Tax Non Gaap
OperatingIncomeLossPreTaxNonGAAP
255074000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
161641000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
161205000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
518326000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
300274000 USD
CY2021Q3 rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
2098000 USD
CY2020Q3 rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
17652000 USD
rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
12578000 USD
rdn Net Gains Losseson Investmentsand Other Financial Instruments
NetGainsLossesonInvestmentsandOtherFinancialInstruments
42901000 USD
CY2021Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2020Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
247000 USD
CY2021Q3 us-gaap Revenues
Revenues
325758000 USD
CY2020Q3 us-gaap Revenues
Revenues
375234000 USD
us-gaap Revenues
Revenues
991565000 USD
us-gaap Revenues
Revenues
1068756000 USD
CY2021Q3 rdn Services Revenue Net
ServicesRevenueNet
37773000 USD
CY2020Q3 rdn Services Revenue Net
ServicesRevenueNet
33943000 USD
rdn Services Revenue Net
ServicesRevenueNet
90132000 USD
rdn Services Revenue Net
ServicesRevenueNet
93945000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
411 security
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
1644089000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
23471000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
65 security
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
184506000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
10551000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
476 security
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
1828595000 USD
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
34022000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
194 security
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
679631000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
12101000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
36 security
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
158852000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
2056000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
230 security
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
838483000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
14157000 USD
CY2021Q3 rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
14246000 USD
CY2020Q3 rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
13973000 USD
rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
18330000 USD
rdn Realized Gains Losseson Investments Net
RealizedGainsLossesonInvestmentsNet
32636000 USD
CY2021Q3 rdn Other Than Temporary Impairment Losses Investments Due To Intent To Sell
OtherThanTemporaryImpairmentLossesInvestmentsDueToIntentToSell
0 USD
CY2020Q3 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
0 USD
rdn Other Than Temporary Impairment Losses Investments Due To Intent To Sell
OtherThanTemporaryImpairmentLossesInvestmentsDueToIntentToSell
1401000 USD
CY2021Q3 rdn Other Than Temporary Impairment Losses Investments Expected Credit Losses
OtherThanTemporaryImpairmentLossesInvestmentsExpectedCreditLosses
0 USD
CY2020Q3 rdn Other Than Temporary Impairment Losses Investments Expected Credit Losses
OtherThanTemporaryImpairmentLossesInvestmentsExpectedCreditLosses
-186000 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
2596000 USD
CY2021Q3 rdn Net Unrealized Gains Losses On Investments
NetUnrealizedGainsLossesOnInvestments
-11342000 USD
CY2020Q3 rdn Net Unrealized Gains Losses On Investments
NetUnrealizedGainsLossesOnInvestments
2813000 USD
rdn Net Unrealized Gains Losses On Investments
NetUnrealizedGainsLossesOnInvestments
-5825000 USD
rdn Net Unrealized Gains Losses On Investments
NetUnrealizedGainsLossesOnInvestments
916000 USD
CY2021Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
2904000 USD
CY2020Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
16972000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
13423000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
29555000 USD
CY2021Q3 rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
-3758000 USD
CY2020Q3 rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
3132000 USD
rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
1290000 USD
rdn Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
1984000 USD
CY2021Q3 us-gaap Direct Premiums Written
DirectPremiumsWritten
253239000 USD
CY2020Q3 us-gaap Direct Premiums Written
DirectPremiumsWritten
269240000 USD
us-gaap Direct Premiums Written
DirectPremiumsWritten
762707000 USD
us-gaap Direct Premiums Written
DirectPremiumsWritten
820267000 USD
CY2021Q3 us-gaap Direct Premiums Earned
DirectPremiumsEarned
277948000 USD
CY2020Q3 us-gaap Direct Premiums Earned
DirectPremiumsEarned
328729000 USD
us-gaap Direct Premiums Earned
DirectPremiumsEarned
863176000 USD
us-gaap Direct Premiums Earned
DirectPremiumsEarned
945288000 USD
CY2021Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
14555000 USD
CY2020Q3 us-gaap Ceded Premiums Written
CededPremiumsWritten
9789000 USD
us-gaap Ceded Premiums Written
CededPremiumsWritten
35157000 USD
us-gaap Ceded Premiums Written
CededPremiumsWritten
72912000 USD
CY2021Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
30513000 USD
CY2020Q3 us-gaap Ceded Premiums Earned
CededPremiumsEarned
45204000 USD
us-gaap Ceded Premiums Earned
CededPremiumsEarned
93026000 USD
us-gaap Ceded Premiums Earned
CededPremiumsEarned
141706000 USD
CY2021Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
240367000 USD
CY2020Q3 us-gaap Premiums Written Net
PremiumsWrittenNet
262393000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
733146000 USD
us-gaap Premiums Written Net
PremiumsWrittenNet
756940000 USD
CY2021Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
249118000 USD
CY2020Q3 us-gaap Premiums Earned Net
PremiumsEarnedNet
286471000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
775746000 USD
us-gaap Premiums Earned Net
PremiumsEarnedNet
813181000 USD
CY2021Q3 rdn Ceding Commissions Earned
CedingCommissionsEarned
7120000 USD
CY2020Q3 rdn Ceding Commissions Earned
CedingCommissionsEarned
17038000 USD
rdn Ceding Commissions Earned
CedingCommissionsEarned
25446000 USD
rdn Ceding Commissions Earned
CedingCommissionsEarned
40457000 USD
CY2021Q3 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
795000 USD
CY2020Q3 us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
10189000 USD
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
3463000 USD
us-gaap Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
51786000 USD
CY2021Q3 rdn Unearned Ceding Commissions
UnearnedCedingCommissions
40700000 USD
CY2020Q4 rdn Unearned Ceding Commissions
UnearnedCedingCommissions
52500000 USD
CY2021Q3 us-gaap Prepaid Taxes
PrepaidTaxes
313123000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
210889000 USD
CY2021Q3 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
209769000 USD
CY2020Q4 us-gaap Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
267638000 USD
CY2021Q3 us-gaap Securities Loaned Asset
SecuritiesLoanedAsset
135058000 USD
CY2020Q4 us-gaap Securities Loaned Asset
SecuritiesLoanedAsset
57499000 USD
CY2021Q3 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
112503000 USD
CY2020Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
115586000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32690000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32985000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
35918000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
30488000 USD
CY2021Q3 us-gaap Other Assets
OtherAssets
839061000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
715085000 USD
CY2021Q2 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
3500000 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%">Nine Months Ended<br/>September 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%">119,823 </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%">448,584 </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%">(53,947)</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%">(21,494)</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%">65,876 </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%">427,090 </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%">499 </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%">2,841 </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%">24,431 </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%">54,167 </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%">24,930 </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%">57,008 </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%">813,284 </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%">756,761 </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%">74,737 </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%">64,947 </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%">$</span></td><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">888,021 </span></td><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"/><td style="background-color:#f4f4f4;border-bottom:3pt double #c7c9c7;border-top:1pt solid #c7c9c7;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</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%">821,708 </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>
CY2021Q3 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
893155000 USD
CY2020Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
848413000 USD
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
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q3 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
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
CY2020Q3 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
CY2021Q3 rdn Risk To Capital Ratio Regulatory Maximum
RiskToCapitalRatioRegulatoryMaximum
25

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