2024 Q2 Form 10-Q Financial Statement
#000089092624000028 Filed on May 03, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
Revenue | $321.1M | $319.4M | $328.6M |
YoY Change | 10.58% | 2.83% | 4.42% |
Cost Of Revenue | $9.535M | $9.327M | |
YoY Change | -144.08% | -155.09% | |
Gross Profit | $311.6M | $310.1M | |
YoY Change | -0.14% | -5.33% | |
Gross Profit Margin | 97.03% | 97.08% | |
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.522M | $6.794M | $1.371M |
YoY Change | 24.99% | 7.96% | -13.61% |
% of Gross Profit | 2.09% | 2.19% | |
Operating Expenses | $105.8M | $87.45M | $102.0M |
YoY Change | -1.76% | -17.97% | 36.2% |
Operating Profit | $205.8M | $222.6M | |
YoY Change | 0.72% | 0.77% | |
Interest Expense | $27.06M | $29.05M | -$23.17M |
YoY Change | 19.55% | 30.8% | 7.29% |
% of Operating Profit | 13.15% | 13.05% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $188.1M | $198.6M | $179.8M |
YoY Change | 2.98% | -2.63% | -11.55% |
Income Tax | $36.22M | $46.30M | $37.12M |
% Of Pretax Income | 19.25% | 23.3% | 20.65% |
Net Earnings | $151.9M | $152.4M | $142.7M |
YoY Change | 3.98% | -3.42% | -12.1% |
Net Earnings / Revenue | 47.3% | 47.7% | 43.42% |
Basic Earnings Per Share | $0.99 | $0.99 | |
Diluted Earnings Per Share | $0.98 | $0.98 | $0.91 |
COMMON SHARES | |||
Basic Shares Outstanding | 150.6M shares | 151.5M shares | 153.2M shares |
Diluted Shares Outstanding | 154.4M shares | 156.0M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $13.79M | $26.99M | $19.00M |
Short-Term Investments | |||
Other Short-Term Assets | $750.3M | ||
YoY Change | 25.81% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $137.8M | $130.1M | $874.2M |
YoY Change | -0.47% | 0.41% | 22.06% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $56.36M | $60.52M | $63.82M |
YoY Change | -23.72% | -16.07% | -10.09% |
Goodwill | $0.00 | ||
YoY Change | -100.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $6.736B | $6.447B | $6.086B |
YoY Change | 12.54% | 8.02% | 6.89% |
Other Assets | $1.993M | $1.832M | $1.066M |
YoY Change | 51.33% | 217.5% | 182.76% |
Total Long-Term Assets | $7.992B | $7.630B | $6.720B |
YoY Change | 11.49% | 7.84% | 5.86% |
TOTAL ASSETS | |||
Total Short-Term Assets | $137.8M | $130.1M | $874.2M |
Total Long-Term Assets | $7.992B | $7.630B | $6.720B |
Total Assets | $8.130B | $7.760B | $7.594B |
YoY Change | 11.27% | 7.71% | 7.51% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $40.00M | $42.00M | $44.69M |
YoY Change | -9.09% | -10.45% | -9.5% |
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 | $40.00M | $42.00M | $44.69M |
YoY Change | -9.09% | -10.45% | -9.5% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.998B | $1.720B | $1.537B |
YoY Change | 25.34% | 12.0% | -2.04% |
Other Long-Term Liabilities | $253.4M | $220.9M | $343.2M |
YoY Change | 6.84% | -9.03% | 2.88% |
Total Long-Term Liabilities | $2.252B | $1.941B | $1.880B |
YoY Change | 22.95% | 9.13% | -1.18% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $40.00M | $42.00M | $44.69M |
Total Long-Term Liabilities | $2.252B | $1.941B | $1.880B |
Total Liabilities | $3.647B | $3.320B | $3.196B |
YoY Change | 16.32% | 7.17% | 1.65% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $4.470B | $4.358B | $4.244B |
YoY Change | 11.3% | 11.5% | 12.06% |
Common Stock | $173.0K | ||
YoY Change | -1.7% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $946.2M | $945.9M | |
YoY Change | 1.6% | 1.64% | |
Treasury Stock Shares | |||
Shareholders Equity | $4.482B | $4.440B | $4.398B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.130B | $7.760B | $7.594B |
YoY Change | 11.27% | 7.71% | 7.51% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 | 2023 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $151.9M | $152.4M | $142.7M |
YoY Change | 3.98% | -3.42% | -12.1% |
Depreciation, Depletion And Amortization | $6.522M | $6.794M | $1.371M |
YoY Change | 24.99% | 7.96% | -13.61% |
Cash From Operating Activities | -$207.3M | $51.04M | $265.0M |
YoY Change | -386.02% | -56.29% | 149.61% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $1.066M | $1.558M | $1.886M |
YoY Change | -79.99% | -67.45% | -65.85% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $31.00K | $180.0K | -$109.5M |
YoY Change | -100.06% | 9.09% | 127.16% |
Cash From Investing Activities | -$1.035M | -$73.40M | -$111.4M |
YoY Change | -98.26% | 140.32% | 107.32% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 195.3M | $31.11M | -190.3M |
YoY Change | -15536.84% | -133.8% | 268.3% |
NET CHANGE | |||
Cash From Operating Activities | -207.3M | $51.04M | 265.0M |
Cash From Investing Activities | -1.035M | -$73.40M | -111.4M |
Cash From Financing Activities | 195.3M | $31.11M | -190.3M |
Net Change In Cash | -13.04M | $8.760M | -36.73M |
YoY Change | -211.32% | -250.62% | -4984.18% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$207.3M | $51.04M | $265.0M |
Capital Expenditures | $1.066M | $1.558M | $1.886M |
Free Cash Flow | -$208.3M | $49.49M | $263.1M |
YoY Change | -410.3% | -55.81% | 161.43% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
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Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
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http://fasb.org/us-gaap/2023#OtherAssets | |
CY2023Q4 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2023#OtherLiabilities | |
CY2024Q1 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
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CY2024Q1 | us-gaap |
Treasury Stock Value
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Treasury Stock Value
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Services Revenue Net
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Services Revenue Net
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Net Investment Income
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Net Investment Income
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Realized Investment Gains Losses
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Realized Investment Gains Losses
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Net Gains Losses On Investments And Other Financial Instruments
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Revenues
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Revenues
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Policyholder Benefits And Claims Incurred Net
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Deferred Policy Acquisition Cost Amortization Expense
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Deferred Policy Acquisition Cost Amortization Expense
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Cost Of Goods And Services Sold
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Other Cost And Expense Operating
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Interest Expense
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Interest Expense
InterestExpense
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Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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Costs And Expenses
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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Income Tax Expense Benefit
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Net Income Loss
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Net Income Loss
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|
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Earnings Per Share Basic
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Earnings Per Share Basic
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
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Weighted Average Number Of Shares Outstanding Basic
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|
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Weighted Average Number Of Diluted Shares Outstanding
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Net Income Loss
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Repayments Of Senior Debt
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Increase Decrease In Securities Lending Payable
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CY2023Q1 | us-gaap |
Increase Decrease In Securities Lending Payable
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Proceeds From Short Term Debt Maturing In More Than Three Months
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|
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Proceeds From Short Term Debt Maturing In More Than Three Months
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Repayments Of Short Term Debt Maturing In More Than Three Months
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Repayments Of Short Term Debt Maturing In More Than Three Months
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-5816000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20065000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
56560000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
28825000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
50744000 | usd |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2024Q1 | 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> | |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
152354000 | usd |
CY2024Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
152354000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
157757000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
157757000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
153817000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
158304000 | shares |
CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2154000 | shares |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
3045000 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
155971000 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
161349000 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.99 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.00 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.98 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.98 | |
CY2024Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
198649000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
204011000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
443531000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
1041 | security |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
|
1063 | security |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
319418000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
309852000 | usd |
CY2024Q1 | rdn |
Services Revenue Net
ServicesRevenueNet
|
12588000 | usd |
CY2023Q1 | rdn |
Services Revenue Net
ServicesRevenueNet
|
10984000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
742867000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
11215000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
3504994000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
467080000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
4247861000 | usd |
CY2024Q1 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
|
478295000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
|
381388000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
|
4567000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
|
3981258000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
|
438964000 | usd |
CY2023Q4 | us-gaap |
Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
|
4362646000 | usd |
CY2024Q1 | us-gaap |
Securities Loaned Asset
SecuritiesLoanedAsset
|
120000000 | usd |
CY2023Q4 | us-gaap |
Securities Loaned Asset
SecuritiesLoanedAsset
|
204000000 | usd |
CY2024Q1 | us-gaap |
Gross Investment Income Operating
GrossInvestmentIncomeOperating
|
72146000 | usd |
CY2023Q1 | us-gaap |
Gross Investment Income Operating
GrossInvestmentIncomeOperating
|
60737000 | usd |
CY2024Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
2925000 | usd |
CY2023Q1 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
2284000 | usd |
CY2024Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
69221000 | usd |
CY2023Q1 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
58453000 | usd |
CY2024Q1 | rdn |
Realized Gains Losses On Investments Net
RealizedGainsLossesOnInvestmentsNet
|
-3682000 | usd |
CY2023Q1 | rdn |
Realized Gains Losses On Investments Net
RealizedGainsLossesOnInvestmentsNet
|
-5506000 | usd |
CY2024Q1 | rdn |
Change In Unrealized Gains Losses On Investments Sold Or Redeemed
ChangeInUnrealizedGainsLossesOnInvestmentsSoldOrRedeemed
|
7000 | usd |
CY2023Q1 | rdn |
Change In Unrealized Gains Losses On Investments Sold Or Redeemed
ChangeInUnrealizedGainsLossesOnInvestmentsSoldOrRedeemed
|
439000 | usd |
CY2024Q1 | rdn |
Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
|
2004000 | usd |
CY2023Q1 | rdn |
Changein Unrealized Holding Gain Loss
ChangeinUnrealizedHoldingGainLoss
|
5485000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-1671000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
418000 | usd |
CY2024Q1 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
384000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
|
80000 | usd |
CY2024Q1 | rdn |
Gain Loss On Financial Instruments
GainLossOnFinancialInstruments
|
1777000 | usd |
CY2023Q1 | rdn |
Gain Loss On Financial Instruments
GainLossOnFinancialInstruments
|
5087000 | usd |
CY2024Q1 | rdn |
Gain Loss On Investments And Financial Instruments
GainLossOnInvestmentsAndFinancialInstruments
|
490000 | usd |
CY2023Q1 | rdn |
Gain Loss On Investments And Financial Instruments
GainLossOnInvestmentsAndFinancialInstruments
|
5585000 | usd |
CY2024Q1 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
147000000 | usd |
CY2023Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
33000000 | usd |
CY2024Q1 | rdn |
Number Of Investments
NumberOfInvestments
|
217 | investment |
CY2024Q1 | rdn |
Impaired Investment Unpaid Principal Amount
ImpairedInvestmentUnpaidPrincipalAmount
|
145000000 | usd |
CY2024Q1 | rdn |
Investments Number Of States
InvestmentsNumberOfStates
|
37 | state |
CY2024Q1 | us-gaap |
Loans And Leases Receivable Commitments To Purchase Or Sell
LoansAndLeasesReceivableCommitmentsToPurchaseOrSell
|
277000000 | usd |
CY2024Q1 | us-gaap |
Variation Margin Receivable Derivative
VariationMarginReceivableDerivative
|
357000 | usd |
CY2023Q4 | us-gaap |
Variation Margin Receivable Derivative
VariationMarginReceivableDerivative
|
720000 | usd |
CY2024Q1 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
252383000 | usd |
CY2023Q1 | us-gaap |
Direct Premiums Written
DirectPremiumsWritten
|
244672000 | usd |
CY2024Q1 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
262655000 | usd |
CY2023Q1 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
258415000 | usd |
CY2024Q1 | rdn |
Ceded Premiums Written Net
CededPremiumsWrittenNet
|
18648000 | usd |
CY2023Q1 | rdn |
Ceded Premiums Written Net
CededPremiumsWrittenNet
|
13464000 | usd |
CY2024Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
26798000 | usd |
CY2023Q1 | us-gaap |
Ceded Premiums Earned
CededPremiumsEarned
|
25177000 | usd |
CY2024Q1 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
233735000 | usd |
CY2023Q1 | us-gaap |
Premiums Written Net
PremiumsWrittenNet
|
231208000 | usd |
CY2024Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
235857000 | usd |
CY2023Q1 | us-gaap |
Premiums Earned Net
PremiumsEarnedNet
|
233238000 | usd |
CY2024Q1 | rdn |
Ceding Commissions Earned
CedingCommissionsEarned
|
6113000 | usd |
CY2023Q1 | rdn |
Ceding Commissions Earned
CedingCommissionsEarned
|
5251000 | usd |
CY2024Q1 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Ceded
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
|
2195000 | usd |
CY2023Q1 | us-gaap |
Reinsurance Effect On Claims And Benefits Incurred Amount Assumed
ReinsuranceEffectOnClaimsAndBenefitsIncurredAmountAssumed
|
1166000 | usd |
CY2024Q1 | rdn |
Unearned Ceding Commissions
UnearnedCedingCommissions
|
18000000 | usd |
CY2023Q4 | rdn |
Unearned Ceding Commissions
UnearnedCedingCommissions
|
20000000 | usd |
CY2024Q1 | us-gaap |
Securities Loaned Asset
SecuritiesLoanedAsset
|
119837000 | usd |
CY2023Q4 | us-gaap |
Securities Loaned Asset
SecuritiesLoanedAsset
|
203693000 | usd |
CY2024Q1 | us-gaap |
Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
|
108226000 | usd |
CY2023Q4 | us-gaap |
Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
|
106417000 | usd |
CY2024Q1 | us-gaap |
Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
|
92293000 | usd |
CY2023Q4 | us-gaap |
Prepaid Reinsurance Premiums
PrepaidReinsurancePremiums
|
100443000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
15150000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
16292000 | usd |
CY2024Q1 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
34438000 | usd |
CY2023Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
32960000 | usd |
CY2024Q1 | us-gaap |
Other Assets
OtherAssets
|
369944000 | usd |
CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
459805000 | usd |
CY2023Q4 | rdn |
Income Taxes Payable Federal Current
IncomeTaxesPayableFederalCurrent
|
21000000 | usd |
CY2024Q1 | rdn |
Income Taxes Payable Federal Current
IncomeTaxesPayableFederalCurrent
|
21000000 | usd |
CY2024Q1 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
361833000 | usd |
CY2023Q4 | us-gaap |
Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
|
370148000 | usd |
CY2024Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
-7034000 | usd |
CY2023Q1 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
-16929000 | usd |
CY2024Q1 | us-gaap |
Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
|
<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%">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%">Three Months Ended<br/>March 31,</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%">2024</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%">2023</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%">364,923 </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%">420,955 </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%">25,074 </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%">24,727 </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%">339,849 </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%">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></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%">53,688 </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%">50,579 </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%">(60,574)</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%">(67,443)</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%">(6,886)</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%">(16,864)</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%">— </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%">32 </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%">3,387 </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%">2,983 </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%">3,387 </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%">3,015 </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%">329,576 </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%">376,349 </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%">27,097 </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%">23,501 </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%">356,673 </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%">399,850 </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> | |
CY2024Q1 | us-gaap |
Other Borrowings
OtherBorrowings
|
207601000 | usd |
CY2023Q4 | us-gaap |
Other Borrowings
OtherBorrowings
|
119476000 | usd |
CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-4275000 | usd |
CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2024Q1 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
0 | usd |
CY2023Q1 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
18000 | usd |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
29046000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
21439000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
42000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
45000000 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
153179000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
157056000 | shares |
CY2024Q1 | rdn |
Share Based Payment Arrangement Net Of Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementNetOfSharesWithheldForTaxWithholdingObligation
|
100000 | shares |
CY2023 | rdn |
Share Based Payment Arrangement Net Of Shares Withheld For Tax Withholding Obligation
ShareBasedPaymentArrangementNetOfSharesWithheldForTaxWithholdingObligation
|
1387000 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
151509000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
153179000 | shares |
CY2023Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
300000000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
1800000 | shares |
CY2024Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
28.26 | |
CY2023Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.245 | |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.245 | |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
CY2023Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.225 | |
CY2023 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.900 | |
CY2024Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
-43655000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
-9168000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-34487000 | usd |
CY2024Q1 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsBeforeTax
|
-3684000 | usd |
CY2024Q1 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsTax
|
-774000 | usd |
CY2024Q1 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
|
-2910000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
-39971000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
-8394000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-31577000 | usd |
CY2024Q1 | rdn |
Other Adjustments To Other Comprehensive Income Before Tax
OtherAdjustmentsToOtherComprehensiveIncomeBeforeTax
|
-86000 | usd |
CY2024Q1 | rdn |
Other Adjustments To Other Comprehensive Income Tax
OtherAdjustmentsToOtherComprehensiveIncomeTax
|
-18000 | usd |
CY2024Q1 | rdn |
Other Adjustments To Other Comprehensive Income Net Of Tax
OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax
|
-68000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-40057000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-8412000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-31645000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
83359000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
17505000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
65854000 | usd |
CY2023Q1 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsBeforeTax
|
-5232000 | usd |
CY2023Q1 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsTax
|
-1099000 | usd |
CY2023Q1 | rdn |
Other Comprehensive Income Loss Reclassification Adjustment For Non Credit Related Impairments Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax
|
-4133000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
|
88591000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
18604000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
69987000 | usd |
CY2023Q1 | rdn |
Other Adjustments To Other Comprehensive Income Before Tax
OtherAdjustmentsToOtherComprehensiveIncomeBeforeTax
|
227000 | usd |
CY2023Q1 | rdn |
Other Adjustments To Other Comprehensive Income Tax
OtherAdjustmentsToOtherComprehensiveIncomeTax
|
48000 | usd |
CY2023Q1 | rdn |
Other Adjustments To Other Comprehensive Income Net Of Tax
OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax
|
179000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
88818000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
18652000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
70166000 | usd |
CY2024Q1 | rdn |
Risk To Capital Ratio Regulatory Maximum
RiskToCapitalRatioRegulatoryMaximum
|
25 | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |