2023 Q3 Form 10-Q Financial Statement
#000089092623000052 Filed on August 04, 2023
Income Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
|---|---|---|---|
| Revenue | $313.5M | $290.4M | $314.7M |
| YoY Change | 5.86% | 1.25% | -6.99% |
| Cost Of Revenue | -$8.135M | -$21.63M | |
| YoY Change | -91.61% | -81.01% | |
| Gross Profit | $321.7M | $312.0M | |
| YoY Change | -18.18% | -22.14% | |
| Gross Profit Margin | 102.59% | 107.45% | |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $6.920M | $5.218M | $1.587M |
| YoY Change | 27.16% | -12.15% | 83.89% |
| % of Gross Profit | 2.15% | 1.67% | |
| Operating Expenses | $112.6M | $107.7M | $74.90M |
| YoY Change | 176.35% | 299.72% | 4.74% |
| Operating Profit | $209.1M | $204.3M | |
| YoY Change | -40.66% | -45.34% | |
| Interest Expense | $24.30M | $22.64M | -$21.59M |
| YoY Change | 14.72% | 8.68% | 2.16% |
| % of Operating Profit | 11.62% | 11.08% | |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $201.0M | $182.7M | $203.3M |
| YoY Change | -21.33% | -29.71% | -17.53% |
| Income Tax | $44.40M | $36.59M | $40.97M |
| % Of Pretax Income | 22.09% | 20.03% | 20.15% |
| Net Earnings | $156.6M | $146.1M | $162.3M |
| YoY Change | -21.03% | -27.39% | -16.08% |
| Net Earnings / Revenue | 49.94% | 50.3% | 51.58% |
| Basic Earnings Per Share | $0.99 | $0.92 | |
| Diluted Earnings Per Share | $0.98 | $0.91 | $1.01 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 157.4M shares | 156.4M shares | 157.0M shares |
| Diluted Shares Outstanding | 160.1M shares | 160.7M shares |
Balance Sheet
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | |||
| YoY Change | |||
| Cash & Equivalents | $55.49M | $61.14M | $56.18M |
| Short-Term Investments | |||
| Other Short-Term Assets | $596.4M | ||
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | |||
| Other Receivables | |||
| Total Short-Term Assets | $144.6M | $138.4M | $716.2M |
| YoY Change | -16.91% | -16.8% | 477.51% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $74.56M | $73.89M | $70.98M |
| YoY Change | -1.56% | -1.32% | -5.47% |
| Goodwill | $9.800M | ||
| YoY Change | 0.0% | ||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $6.035B | $5.986B | $5.693B |
| YoY Change | 7.93% | 0.01% | -13.96% |
| Other Assets | $1.305M | $1.317M | $377.0K |
| YoY Change | 17.89% | 134.76% | -74.44% |
| Total Long-Term Assets | $7.234B | $7.168B | $6.348B |
| YoY Change | 6.2% | 0.85% | -17.73% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $144.6M | $138.4M | $716.2M |
| Total Long-Term Assets | $7.234B | $7.168B | $6.348B |
| Total Assets | $7.379B | $7.307B | $7.064B |
| YoY Change | 5.62% | 0.44% | -9.89% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | |||
| YoY Change | |||
| Accrued Expenses | $42.00M | $44.00M | $49.39M |
| YoY Change | -17.32% | -11.29% | -7.73% |
| 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 | $42.00M | $44.00M | $49.39M |
| YoY Change | -17.32% | -11.29% | -7.73% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $1.658B | $1.594B | $1.569B |
| YoY Change | 5.9% | -0.09% | 0.57% |
| Other Long-Term Liabilities | $267.7M | $237.1M | $333.6M |
| YoY Change | -25.36% | -7.25% | 37.23% |
| Total Long-Term Liabilities | $1.926B | $1.831B | $1.903B |
| YoY Change | 0.08% | -1.08% | 5.51% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $42.00M | $44.00M | $49.39M |
| Total Long-Term Liabilities | $1.926B | $1.831B | $1.903B |
| Total Liabilities | $3.226B | $3.136B | $3.144B |
| YoY Change | -0.68% | -6.21% | -12.18% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $4.137B | $4.016B | $3.787B |
| YoY Change | 13.12% | 15.03% | 19.05% |
| Common Stock | $176.0K | ||
| YoY Change | -9.28% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $945.5M | $945.0M | $930.6M |
| YoY Change | 1.62% | 1.59% | 1.07% |
| Treasury Stock Shares | 19.45M shares | ||
| Shareholders Equity | $4.153B | $4.171B | $3.919B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $7.379B | $7.307B | $7.064B |
| YoY Change | 5.62% | 0.44% | -9.89% |
Cashflow Statement
| Concept | 2023 Q3 | 2023 Q2 | 2022 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $156.6M | $146.1M | $162.3M |
| YoY Change | -21.03% | -27.39% | -16.08% |
| Depreciation, Depletion And Amortization | $6.920M | $5.218M | $1.587M |
| YoY Change | 27.16% | -12.15% | 83.89% |
| Cash From Operating Activities | $75.23M | $72.47M | $106.1M |
| YoY Change | -28.56% | 20.43% | -30.99% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $4.282M | $5.327M | $5.523M |
| YoY Change | -191.81% | -256.22% | -242.31% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$95.13M | -$54.16M | -$48.21M |
| YoY Change | -334.22% | -161.68% | -233.9% |
| Cash From Investing Activities | -$99.41M | -$59.49M | -$53.73M |
| YoY Change | -376.51% | -170.49% | -267.27% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 18.52M | -1.265M | -51.67M |
| YoY Change | -108.37% | -99.11% | -72.79% |
| NET CHANGE | |||
| Cash From Operating Activities | 75.23M | 72.47M | 106.1M |
| Cash From Investing Activities | -99.41M | -59.49M | -53.73M |
| Cash From Financing Activities | 18.52M | -1.265M | -51.67M |
| Net Change In Cash | -5.665M | 11.72M | 752.0K |
| YoY Change | -92.92% | 405.17% | -119.01% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $75.23M | $72.47M | $106.1M |
| Capital Expenditures | $4.282M | $5.327M | $5.523M |
| Free Cash Flow | $70.95M | $67.14M | $100.6M |
| YoY Change | -35.48% | 5.6% | -36.19% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q2 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherLiabilities | |
| CY2022Q4 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherLiabilities | |
| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
146087000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
146087000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
201193000 | usd |
| CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
201193000 | usd |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
303844000 | usd | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
303844000 | usd | |
| CY2023Q2 | us-gaap |
Revenues
Revenues
|
290413000 | usd |
| CY2022Q2 | us-gaap |
Revenues
Revenues
|
286833000 | usd |
| us-gaap |
Revenues
Revenues
|
601033000 | usd | |
| us-gaap |
Revenues
Revenues
|
579813000 | usd | |
| CY2023Q2 | rdn |
Services Revenue Net
ServicesRevenueNet
|
11797000 | usd |
| CY2022Q2 | rdn |
Services Revenue Net
ServicesRevenueNet
|
27281000 | usd |
| rdn |
Services Revenue Net
ServicesRevenueNet
|
22781000 | usd | |
| rdn |
Services Revenue Net
ServicesRevenueNet
|
56629000 | usd | |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
|
284 | security |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
1270977000 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
41840000 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
|
919 | security |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
3491960000 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
502517000 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
1203 | security |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
4762937000 | usd |
| CY2023Q2 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
544357000 | usd |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
|
858 | security |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
3463314000 | usd |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
312320000 | usd |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
|
426 | security |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
1434379000 | usd |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
269173000 | usd |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
1284 | security |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
4897693000 | usd |
| CY2022Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
581493000 | usd |
| CY2023Q2 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
4000 | usd |
| CY2022Q2 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
0 | usd |
| us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
5000 | usd | |
| us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
0 | usd | |
| CY2023Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-3351000 | usd |
| CY2022Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-3992000 | usd |
| us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-8856000 | usd | |
| us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-4315000 | usd | |
| CY2023Q2 | rdn |
Change In Unrealized Gains Losses On Investments Sold Or Redeemed
ChangeInUnrealizedGainsLossesOnInvestmentsSoldOrRedeemed
|
-1092000 | usd |
| CY2022Q2 | rdn |
Change In Unrealized Gains Losses On Investments Sold Or Redeemed
ChangeInUnrealizedGainsLossesOnInvestmentsSoldOrRedeemed
|
-28000 | usd |
| rdn |
Change In Unrealized Gains Losses On Investments Sold Or Redeemed
ChangeInUnrealizedGainsLossesOnInvestmentsSoldOrRedeemed
|
253000 | usd | |
| rdn |
Change In Unrealized Gains Losses On Investments Sold Or Redeemed
ChangeInUnrealizedGainsLossesOnInvestmentsSoldOrRedeemed
|
-2198000 | usd | |
| CY2023Q2 | us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
-196000 | usd |
| CY2022Q2 | us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
0 | usd |
| us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
-110000 | usd | |
| us-gaap |
Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
|
0 | usd | |
| CY2023Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
932000 | usd |
| CY2022Q2 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-29113000 | usd |
| us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
5597000 | usd | |
| us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-46573000 | usd | |
| CY2023Q2 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-3511000 | usd |
| CY2022Q2 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-33133000 | usd |
| us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-3006000 | usd | |
| us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-53086000 | usd | |
| CY2023Q2 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
217236000 | usd |
| CY2022Q2 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
255627000 | usd |
| us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
448444000 | usd | |
| us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
513003000 | usd | |
| CY2023Q2 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
213429000 | usd |
| CY2022Q2 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
253892000 | usd |
| us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
446667000 | usd | |
| us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
508082000 | usd | |
| CY2023Q2 | rdn |
Available For Sale Debt Securities Amortized Cost Basis Including Loaned Securities
AvailableForSaleDebtSecuritiesAmortizedCostBasisIncludingLoanedSecurities
|
5737089000 | usd |
| CY2023Q2 | rdn |
Available For Sale Securities Debt Securities Including Loaned Securities
AvailableForSaleSecuritiesDebtSecuritiesIncludingLoanedSecurities
|
5200219000 | usd |
| CY2023Q2 | us-gaap |
Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
|
5685122000 | usd |
| CY2023Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
5155897000 | usd |
| CY2023Q2 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
248245000 | usd |
| CY2022Q2 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
250925000 | usd |
| us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
492917000 | usd | |
| us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
501305000 | usd | |
| CY2023Q2 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
259314000 | usd |
| CY2022Q2 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
263947000 | usd |
| us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
517729000 | usd | |
| us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
531405000 | usd | |
| CY2023Q2 | rdn |
Ceded Premiums Written Net
CededPremiumsWrittenNet
|
31009000 | usd |
| CY2022Q2 | rdn |
Ceded Premiums Written Net
CededPremiumsWrittenNet
|
-3164000 | usd |
| rdn |
Ceded Premiums Written Net
CededPremiumsWrittenNet
|
44473000 | usd | |
| rdn |
Ceded Premiums Written Net
CededPremiumsWrittenNet
|
-8828000 | usd | |
| CY2023Q2 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
45885000 | usd |
| CY2022Q2 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
11594000 | usd |
| us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
71062000 | usd | |
| us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
26193000 | usd | |
| CY2023Q2 | rdn |
Ceding Commissions Earned
CedingCommissionsEarned
|
5052000 | usd |
| CY2022Q2 | rdn |
Ceding Commissions Earned
CedingCommissionsEarned
|
3424000 | usd |
| rdn |
Ceding Commissions Earned
CedingCommissionsEarned
|
10303000 | usd | |
| rdn |
Ceding Commissions Earned
CedingCommissionsEarned
|
8558000 | usd | |
| CY2023Q2 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
1218000 | usd |
| CY2022Q2 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
15093000 | usd |
| us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
2384000 | usd | |
| us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
27860000 | usd | |
| CY2023Q2 | rdn |
Unearned Ceding Commissions
UnearnedCedingCommissions
|
23000000 | usd |
| CY2022Q4 | rdn |
Unearned Ceding Commissions
UnearnedCedingCommissions
|
27000000 | usd |
| CY2023Q2 | us-gaap |
Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
|
114812000 | usd |
| CY2022Q4 | us-gaap |
Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
|
141402000 | usd |
| CY2023Q2 | us-gaap |
Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
|
107953000 | usd |
| CY2022Q4 | us-gaap |
Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
|
105331000 | usd |
| CY2023Q2 | us-gaap |
Securities Loaned Asset
SecuritiesLoanedAsset
|
89919000 | usd |
| CY2022Q4 | us-gaap |
Securities Loaned Asset
SecuritiesLoanedAsset
|
112139000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
18558000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
21099000 | usd |
| CY2023Q2 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
43890000 | usd |
| CY2022Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
47053000 | usd |
| CY2023Q2 | us-gaap |
Other Assets
OtherAssets
|
375132000 | usd |
| CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
427024000 | usd |
| CY2023Q2 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
379434000 | usd |
| CY2022Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
426843000 | usd |
| us-gaap |
Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
|
<div style="margin-bottom:5pt;margin-top:8pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">For the periods indicated, the following table presents information relating to our mortgage insurance reserve for losses, including our IBNR reserve and LAE.</span></div><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><td style="width:69.138%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.739%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.841%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.741%"></td><td style="width:0.1%"></td></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><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"></td><td colspan="3" style="border-top:1.5pt solid #99aab6;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><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><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%">2023</span></td><td colspan="3" style="border-top:1pt solid #ffffff;padding:0 1pt"></td><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%">2022</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><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%">420,955 </span></td><td style="border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"></td><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%">823,136 </span></td><td style="border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">24,727 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><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%">66,676 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">396,228 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"></td><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%">756,460 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"></td></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><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%">87,594 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><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%">75,931 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(126,081)</span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><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%">(274,397)</span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">(38,487)</span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"></td><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%">(198,466)</span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #c7c9c7;padding:0 1pt"></td></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><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%">40 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><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%">165 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">6,138 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><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%">7,836 </span></td><td style="border-top:1pt solid #e9e9e9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">6,178 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"></td><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%">8,001 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">351,563 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#f4f4f4;border-top:1pt solid #ffffff;padding:0 1pt"></td><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%">549,993 </span></td><td style="background-color:#f4f4f4;border-top:1pt solid #c7c9c7;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">22,118 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><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%">38,954 </span></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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><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%">373,681 </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><td colspan="3" style="background-color:#f4f4f4;padding:0 1pt"></td><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%">588,947 </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></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="margin-bottom:12pt;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> | ||
| CY2023Q2 | us-gaap |
Other Borrowings
OtherBorrowings
|
178762000 | usd |
| CY2022Q4 | us-gaap |
Other Borrowings
OtherBorrowings
|
155822000 | usd |
| CY2023Q2 | rdn |
Debt Instrument Covenant Minimum Net Worth
DebtInstrumentCovenantMinimumNetWorth
|
2600000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
44000000 | usd |
| CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
49000000 | usd |
| CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
157056000 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
175421000 | shares |
| rdn |
Share Based Payment Arrangement Net Of Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementNetOfSharesWithheldForTaxWithholdingObligation
|
1239000 | shares | |
| CY2022 | rdn |
Share Based Payment Arrangement Net Of Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementNetOfSharesWithheldForTaxWithholdingObligation
|
1141000 | shares |
| CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
157350000 | shares |
| CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
157056000 | shares |
| CY2023Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
300000000 | usd |
| CY2023Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
229000 | shares |
| us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
945000 | shares | |
| CY2023Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
21.88 | |
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
21.19 | ||
| CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2022Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2022Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
| CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-52056000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-10931000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-41125000 | usd |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
31303000 | usd | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
6574000 | usd | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
24729000 | usd | |
| CY2023Q2 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsBeforeTax
|
-5154000 | usd |
| CY2023Q2 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsTax
|
-1082000 | usd |
| CY2023Q2 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
|
-4072000 | usd |
| rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsBeforeTax
|
-10386000 | usd | |
| rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsTax
|
-2181000 | usd | |
| rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
|
-8205000 | usd | |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-46902000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-9849000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-37053000 | usd |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
41689000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
8755000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
32934000 | usd | |
| CY2023Q2 | rdn |
Other Adjustments To Other Comprehensive Income Before Tax
OtherAdjustmentsToOtherComprehensiveIncomeBeforeTax
|
0 | usd |
| CY2023Q2 | rdn |
Other Adjustments To Other Comprehensive Income Tax
OtherAdjustmentsToOtherComprehensiveIncomeTax
|
0 | usd |
| CY2023Q2 | rdn |
Other Adjustments To Other Comprehensive Income Net Of Tax
OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax
|
0 | usd |
| rdn |
Other Adjustments To Other Comprehensive Income Before Tax
OtherAdjustmentsToOtherComprehensiveIncomeBeforeTax
|
227000 | usd | |
| rdn |
Other Adjustments To Other Comprehensive Income Tax
OtherAdjustmentsToOtherComprehensiveIncomeTax
|
48000 | usd | |
| rdn |
Other Adjustments To Other Comprehensive Income Net Of Tax
OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax
|
179000 | usd | |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-46902000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-9849000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-37053000 | usd |
| us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
41916000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
8803000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
33113000 | usd | |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-256538000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-53873000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-202665000 | usd |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-574629000 | usd | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-120672000 | usd | |
| us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-453957000 | usd | |
| CY2022Q2 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsBeforeTax
|
-3940000 | usd |
| CY2022Q2 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsTax
|
-827000 | usd |
| CY2022Q2 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
|
-3113000 | usd |
| rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsBeforeTax
|
-5918000 | usd | |
| rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsTax
|
-1243000 | usd | |
| rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
|
-4675000 | usd | |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-252598000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-53046000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-199552000 | usd |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-568711000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-119429000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-449282000 | usd | |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-252598000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-53046000 | usd |
| CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-199552000 | usd |
| us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-568605000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-119407000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-449198000 | usd | |
| CY2023Q2 | rdn |
Risk To Capital Ratio Regulatory Maximum
RiskToCapitalRatioRegulatoryMaximum
|
25 | |
| CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
