XML 48 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 7 - Reinsurance (Tables)
9 Months Ended
Sep. 30, 2013
Reinsurance [Abstract]  
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
September 30,
 
Nine Months Ended September 30,
(In thousands)
2013
 
2012
 
2013
 
2012
Net premiums written-insurance:
 
 
 
 
 
 
 
Direct
268,886

 
232,086

 
784,180

 
650,188

Assumed
(126
)
 
(918
)
 
(10,729
)
 
(89,434
)
Ceded
(17,918
)
 
(21,891
)
 
(64,195
)
 
(91,867
)
Net premiums written-insurance
$
250,842

 
$
209,277

 
$
709,256

 
$
468,887

Net premiums earned-insurance:
 
 
 
 
 
 
 
Direct
$
228,162

 
$
201,988

 
$
660,687

 
$
590,016

Assumed
1,943

 
3,408

 
10,573

 
(5,573
)
Ceded
(18,121
)
 
(14,433
)
 
(53,564
)
 
(39,336
)
Net premiums earned-insurance
$
211,984

 
$
190,963

 
$
617,696

 
$
545,107

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 QSR Transaction as of the periods indicated:
 
Three Months Ended
September 30,
 
Nine Months Ended September 30,
(In thousands)
2013
 
2012
 
2013
 
2012
Ceded premiums written
$
5,551

 
$
16,378

 
$
17,573

 
$
41,855

Ceded premiums earned
7,216

 
5,291

 
22,711

 
8,389

Ceding commissions written
1,388

 
4,095

 
4,393

 
10,464

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 QSR Transaction as of the periods indicated:
(In thousands)
Three Months Ended September 30, 2013
 
Nine Months Ended September 30, 2013
Ceded premiums written
$
8,233

 
$
32,253

Ceded premiums earned
5,099

 
12,220

Ceding commissions written
2,882

 
11,289