Note 7 - Reinsurance (Tables)

6 Months Ended

Jun. 30, 2013

Reinsurance, Premiums Written and Earned [Table Text Block]

The effect of assumed or ceded reinsurance in our mortgage insurance and financial guaranty businesses on net premiums written and earned is as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2013			2012			2013			2012
Net premiums written-insurance:
Direct	$	269,827		$	214,349		$	515,294		$	418,102
Assumed	(206		)	(1,028		)	(10,603		)	(88,516		)
Ceded	(18,392		)	(31,389		)	(46,277		)	(69,976		)
Net premiums written-insurance	$	251,229		$	181,932		$	458,414		$	259,610
Net premiums earned-insurance:
Direct	$	224,585		$	196,012		$	432,525		$	388,028
Assumed	6,419			1,704			8,630			(8,981		)
Ceded	(17,880		)	(10,937		)	(35,443		)	(24,903		)
Net premiums earned-insurance	$	213,124		$	186,779		$	405,712		$	354,144

Initial Quota Share Reinsurance Transaction [Member]

Reinsurance Transaction Details [Line Items]

Reinsurance Transaction Details [Table Text Block]

The following table shows the amounts related to the Initial Quota Share Reinsurance Transaction as of the periods indicated:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2013		2012		2013		2012
Ceded premiums written	$	5,900	$	25,477	$	12,022	$	25,477
Ceded premiums earned	7,662		3,098		15,495		3,098
Ceding commissions written	1,475		6,369		3,005		6,369

Second Quota Share Reinsurance Transaction [Member]

Reinsurance Transaction Details [Line Items]

Reinsurance Transaction Details [Table Text Block]

The following table shows the amounts related to the Second Quota Share Reinsurance Transaction as of the periods indicated:



(In thousands)	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013
Ceded premiums written	$	7,580	$	24,020
Ceded premiums earned	4,283		7,121
Ceding commissions written	2,653		8,407