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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2025
USD ($)
Dec. 31, 2025
$ / shares
Dec. 31, 2025
Dec. 31, 2024
USD ($)
Dec. 31, 2024
$ / shares
Dec. 31, 2024
Dec. 31, 2023
USD ($)
Dec. 31, 2023
$ / shares
Dec. 31, 2023
Dec. 31, 2022
USD ($)
Dec. 31, 2022
$ / shares
Dec. 31, 2022
Dec. 31, 2021
USD ($)
Dec. 31, 2021
$ / shares
Dec. 31, 2021
Pay vs Performance Disclosure                                
Pay vs Performance Disclosure, Table
CEO1
Non-CEO NEOs2
Value of Initial Fixed $100 Investment Based on:
 Adjusted Book Value per Share Growth4
YearSummary Compensation Table ("SCT") Total ($)
Compensation Actually Paid5 ($)
Average Summary Compensation Paid ($)
Average Compensation Actually Paid6 ($)
Total Shareholder Return ($)
Peer Group Total Shareholder Return3 ($)
Net Income ($) ($)
(%)9
20258,369,392 16,404,804 3,124,856 6,449,591 261.36206.37738,347,000 2.9714 
20248,829,712 23,269,103 2,830,902 6,428,442 207.61177.27762,994,000 2.8014 
20237,984,013 21,398,358 2,793,593 5,858,792 165.20147.06712,949,000 2.4214 
20226,886,074 7,897,495 2,839,667 3,307,887 108.38121.15865,349,000 2.8019 
20216,385,557 10,175,941 2,810,550 4,282,221 117.20128.40634,983,000 1.9715 
                              
Company Selected Measure Name cumulative ABVS growth                              
Named Executive Officers, Footnote Mr. Mattke is the CEO for all years shown. The non-CEO NEOs for 2020-2022 are Messrs. Colson, Miosi and James Hughes, and Ms. Maggio. The non-CEO NEOs for 2023 are Messrs. Colson, Miosi, Hughes (retired) and Steven Thompson (retired), and Ms. Maggio. The non-CEO NEOs for 2024 are Messrs. Colson, Miosi, Candelmo (no longer an Executive Officer of the Company), and Ms. Maggio. The non-CEO NEOs for 2025 are Messrs. Colson and Miosi, and Ms. Maggio.                              
Peer Group Issuers, Footnote The peer group total shareholder return shown is weighted according to the respective peers' stock market capitalization at the beginning of each period for which a return is indicated. Our 2021-2025 peer groups are as shown in our "Benchmarking Peer Group" table in the CD&A. Our 2025 compensation benchmarking peer group is identical to that used for 2024 compensation. However, one of our compensation benchmarking peers, Mr. Cooper Group, was acquired in 2025. For purposes of the table, the 2025 total shareholder return for Mr. Cooper Group was calculated through the last trading day immediately before the acquisition occurred.                              
PEO Total Compensation Amount   $ 8,369,392     $ 8,829,712     $ 7,984,013     $ 6,886,074     $ 6,385,557    
PEO Actually Paid Compensation Amount   16,404,804     23,269,103     21,398,358     7,897,495     10,175,941    
Adjustment To PEO Compensation, Footnote
5 The following table shows adjustments to the SCT Total for the CEO in order to determine CAP:
YearSCT Total for CEO
($)
Equity Award Adjustments7 ($)
Pension Benefits Adjustments8 ($)
Compensation Actually Paid to CEO ($)
20258,369,392 8,215,783 (180,371)16,404,804 
20248,829,712 14,439,391 — 23,269,103 
20237,984,013 13,654,334 (239,989)21,398,358 
20226,886,074 788,452 222,969 7,897,495 
20216,385,557 3,723,543 66,841 10,175,941 
7 The Stock Awards reported in the SCT were adjusted as shown below for each applicable year and reflect the year-over-year change in the fair value of equity awards.
Minus SCT Value of Equity Granted During the Year ($)
Plus Fair Value at Year-end of Equity Granted During the Year ($)
Increase (Decrease) from Prior Year-End in Fair Value of Awards that Vested During the Year ($)
Year-over-Year Increase (Decrease) in Fair Value of Unvested Awards Granted in Prior Years ($)
Total Equity Award Adjustments ($)
CEO Equity Award Adjustments
2025(4,881,783)5,626,053357,0527,114,4618,215,783 
2024(5,250,007)9,042,944313,96410,332,49014,439,391 
2023(5,000,012)9,045,893286,4619,321,99213,654,334 
2022(4,000,012)3,802,34064,230921,894788,452 
2021(3,500,001)6,220,556(38,603)1,041,5913,723,543 
8 The total pension benefit adjustments for each applicable year replace the SCT values with the actuarially determined service cost for services rendered during the applicable year (the “service cost”) and the change in liability due to amendments to the plan. See additional discussion below.
Change in Pension Value ($)
Total Service Cost ($)
Change in Liability due to Amendments ($)
Payments ($)
Total Pension Benefit Adjustments ($)
CEO Pension Benefit Adjustments
2025(180,371)———(180,371)
2024—————
2023(239,989)———(239,989)
2022—167,99954,970—222,969 
2021(94,133)150,7133,3626,89966,841 
                              
Non-PEO NEO Average Total Compensation Amount   3,124,856     2,830,902     2,793,593     2,839,667     2,810,550    
Non-PEO NEO Average Compensation Actually Paid Amount   6,449,591     6,428,442     5,858,792     3,307,887     4,282,221    
Adjustment to Non-PEO NEO Compensation Footnote
6 The following table shows adjustments to the average SCT Total for non-CEO NEOs in order to determine CAP:
YearAverage SCT Total for Non-CEO NEOs ($)
Average Equity Award Adjustments7 ($)
Average Pension Benefits Adjustments8 ($)
Average Compensation Actually Paid to Non-CEO NEOs ($)
20253,124,856 3,402,718 (77,983)6,449,591 
20242,830,902 3,610,933 (13,393)6,428,442 
20232,793,593 3,125,637 (60,438)5,858,792 
20222,839,667 343,065 125,155 3,307,887 
20212,810,550 1,468,170 3,501 4,282,221 
Non-CEO NEO Equity Award Adjustments
2025(1,441,305)1,661,043587,2192,595,7613,402,718 
2024(1,275,011)2,167,986224,1952,493,7633,610,933 
2023(1,559,014)2,659,68278,2811,946,6883,125,637 
2022(1,305,010)1,240,51967,773339,783343,065 
2021(1,250,011)2,212,577(16,423)522,0271,468,170 
Non-CEO NEO Pension Benefit Adjustments
2025(77,983)———(77,983)
2024(13,393)———(13,393)
2023(74,415)——13,977(60,438)
2022(9,722)100,54333,2041,130125,155 
2021(89,424)90,381(414)2,9583,501 
                              
Compensation Actually Paid vs. Total Shareholder Return
Relationship between Company Total Shareholder Return ("TSR") and Peer Group TSR and Company CAP and Company TSR. The graphs below illustrate the relationship between our TSR and the Peer Group TSR, as well as the relationship between CAP and our TSR for the CEO and other NEOs. For reference, SCT total compensation values for each year are also shown. As the graphs below illustrate, CAP amounts for our CEO and other NEOs are aligned with our TSR.

5429
5431
                              
Compensation Actually Paid vs. Net Income
Relationship between CAP and GAAP Net Income. The graph below reflects the relationship between the CEO and average other NEO CAP and our GAAP Net Income. GAAP net income is not used as a metric in our annual or long-term incentive plans, but its value affects various metrics used to determine executive compensation.
323
                              
Compensation Actually Paid vs. Company Selected Measure
Relationship between CAP and Adjusted Book Value per Share Growth (our Company-Selected Measures). The graph below reflects the relationship between CEO and average other NEO CAP and Annual ABVS Growth. Cumulative ABVS Growth determines the number of performance-based restricted stock units that vest under our long-term equity awards granted under our executive compensation program, and it is an important driver of long-term shareholder value creation.
784
                              
Total Shareholder Return Vs Peer Group
Relationship between Company Total Shareholder Return ("TSR") and Peer Group TSR and Company CAP and Company TSR. The graphs below illustrate the relationship between our TSR and the Peer Group TSR, as well as the relationship between CAP and our TSR for the CEO and other NEOs. For reference, SCT total compensation values for each year are also shown. As the graphs below illustrate, CAP amounts for our CEO and other NEOs are aligned with our TSR.

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5431
                              
Tabular List, Table
Performance Measure
Cumulative Adjusted Book Value per Share Growth
Return on Equity (ROE)
New Insurance Written (NIW)
Insurance In Force (IIF)
Strategic Performance (Capital, Corporate Sustainability and Transformation)
                              
Total Shareholder Return Amount   261.36     207.61     165.20     108.38     117.20    
Peer Group Total Shareholder Return Amount   206.37     177.27     147.06     121.15     128.40    
Net Income (Loss)   738,347,000     762,994,000     712,949,000     865,349,000     634,983,000    
Company Selected Measure Amount     2.97 0.14   2.80 0.14   2.42 0.14   2.80 0.19   1.97 0.15
PEO Name Mr. Mattke                              
Additional 402(v) Disclosure Cumulative ABVS Growth is used to determine the number of restricted stock units that vest under our long-term equity awards granted under our executive compensation program. The annual percentage growth in ABVS is shown to provide context to the reader of this Proxy Statement.
Salary, Non-Equity Incentive Plan Compensation, Nonqualified Deferred Compensation Earnings and All Other Compensation are each calculated in the same manner for purposes of both CAP and SCT. There are two primary differences between the calculation of CAP and SCT total compensation:

SCT TotalCAP
PensionYear over year change in the actuarial present value of pension benefits.
Current year service cost and the change to any prior year service cost (if a plan amendment occurred during the year).

As of January 1, 2023 the pension plan was frozen (no future benefits accrue for participants due to employment and no new participants will be added). Participants continue to earn interest credits on applicable benefits.
Stock and Option AwardsGrant date fair value of stock and option awards granted during the year.Year over year change in the fair value of stock and option awards that are expected to vest as of the end of the year, or vested or were forfeited during the year, including dividend equivalents as applicable. Vesting is tied to growth in the Company's adjusted book value per share, as described further in our CD&A.
The decreased CAP for our CEO and non-CEO NEOs in 2025 is primarily due to the equity award adjustments. The fair value of unvested equity at year end was most impacted by Company performance factors. Additionally, the value of equity granted during 2025 was subject to a 7% discount for illiquidity. 		                             
Measure:: 1                                
Pay vs Performance Disclosure                                
Name Cumulative Adjusted Book Value per Share Growth                              
Non-GAAP Measure Description The figures shown in this column are annual growth in adjusted book value per share ("ABVS"). ABVS represents shareholder's equity divided by Common Stock shares outstanding, adjusted for the net-of-tax, per share effects of accumulated other comprehensive income/(loss), litigation accruals, debt and Common Stock repurchases, shareholder dividends, share-based compensation, the financial impacts of certain changes made by the GSEs inconsistent with prior business practices, and adjustments set forth in the Omnibus Incentive Plan, including without limitation, for the effect of changes in accounting rules and tax law. Prior to 2024, we did not consider Common Stock issued from share-based compensation plans in our calculation of ABVS. The values for all years shown in this column have been calculated in accordance with this updated methodology.
For all years shown, we considered cumulative ABVS growth our most important measure of financial performance. For information about the relationship between cumulative ABVS and our executive compensation, please see "2025 Long-Term Equity Awards" in our CD&A.
ABVS is a non-GAAP financial measure. For a description of how we calculate this measure and a reconciliation of this measure to its nearest comparable GAAP measure, see Appendix B.
                              
Measure:: 2                                
Pay vs Performance Disclosure                                
Name Return on Equity (ROE)                              
Measure:: 3                                
Pay vs Performance Disclosure                                
Name New Insurance Written (NIW)                              
Measure:: 4                                
Pay vs Performance Disclosure                                
Name Insurance In Force (IIF)                              
Measure:: 5                                
Pay vs Performance Disclosure                                
Name Strategic Performance (Capital, Corporate Sustainability and Transformation)                              
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   (180,371)     0     (239,989)     0     (94,133)    
PEO | Aggregate Pension Adjustments Service Cost                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   0     0     0     167,999     150,713    
PEO | Equity Awards Adjustments                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   8,215,783     14,439,391     13,654,334     788,452     3,723,543    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   (4,881,783)     (5,250,007)     (5,000,012)     (4,000,012)     (3,500,001)    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   5,626,053     9,042,944     9,045,893     3,802,340     6,220,556    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   7,114,461     10,332,490     9,321,992     921,894     1,041,591    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   357,052     313,964     286,461     64,230     (38,603)    
PEO | Pension Benefits Adjustments [Member]                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   (180,371)     0     (239,989)     222,969     66,841    
PEO | Pension Adjustments, Change In Liability Due To Amendments [Member]                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   0     0     0     54,970     3,362    
PEO | Pension Adjustments, Payments [Member]                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   0     0     0     0     6,899    
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   (77,983)     (13,393)     (74,415)     (9,722)     (89,424)    
Non-PEO NEO | Aggregate Pension Adjustments Service Cost                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   0     0     0     100,543     90,381    
Non-PEO NEO | Equity Awards Adjustments                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   3,402,718     3,610,933     3,125,637     343,065     1,468,170    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   (1,441,305)     (1,275,011)     (1,559,014)     (1,305,010)     (1,250,011)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   1,661,043     2,167,986     2,659,682     1,240,519     2,212,577    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   2,595,761     2,493,763     1,946,688     339,783     522,027    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   587,219     224,195     78,281     67,773     (16,423)    
Non-PEO NEO | Pension Benefits Adjustments [Member]                                
Pay vs Performance Disclosure                                
Adjustment to Compensation, Amount   (77,983)     (13,393)     (60,438)     125,155     3,501    
Non-PEO NEO | Pension Adjustments, Change In Liability Due To Amendments [Member]                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   0     0     0     33,204     (414)    
Non-PEO NEO | Pension Adjustments, Payments [Member]                                
Pay vs Performance Disclosure                                
Adjustment To Compensation Amount, Pension Benefit   $ 0     $ 0     $ 13,977     $ 1,130     $ 2,958