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Note 5 - VIEs Financial Guaranty Insurance Contracts VIEs (Details) (USD $)
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Sep. 30, 2013
Variable Interest Entity, Primary Beneficiary [Member]
transaction
Jun. 30, 2012
April 2012 Commutation Transactions [Member]
Radian Asset Assurance [Member]
security
counterparty
transaction
Sep. 30, 2013
Financial Guaranty Segment
Sep. 30, 2012
Financial Guaranty Segment
Sep. 30, 2013
Financial Guaranty Segment
Sep. 30, 2012
Financial Guaranty Segment
Sep. 30, 2013
Financial Guaranty Segment
Variable Interest Entity, Primary Beneficiary [Member]
Sep. 30, 2012
Financial Guaranty Segment
Variable Interest Entity, Primary Beneficiary [Member]
Sep. 30, 2013
Financial Guarantee Insurance Product Line [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Sep. 30, 2012
Financial Guarantee Insurance Product Line [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Dec. 31, 2012
Financial Guarantee Insurance Product Line [Member]
Variable Interest Entity, Primary Beneficiary [Member]
Sep. 30, 2013
Financial Guarantee Insurance Product Line [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2012
Financial Guarantee Insurance Product Line [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Dec. 31, 2012
Financial Guarantee Insurance Product Line [Member]
Variable Interest Entity, Not Primary Beneficiary [Member]
Sep. 30, 2013
Financial Guarantee Insurance Product Line [Member]
Financial Guaranty Segment
Jun. 30, 2013
Financial Guarantee Insurance Product Line [Member]
Financial Guaranty Segment
Dec. 31, 2012
Financial Guarantee Insurance Product Line [Member]
Financial Guaranty Segment
Sep. 30, 2012
Financial Guarantee Insurance Product Line [Member]
Financial Guaranty Segment
Jun. 30, 2012
Financial Guarantee Insurance Product Line [Member]
Financial Guaranty Segment
Dec. 31, 2011
Financial Guarantee Insurance Product Line [Member]
Financial Guaranty Segment
Variable Interest Entity [Line Items]                                                  
Number of Derivative Counterparties Involved in Commutation             1                                    
Number Of Trups CDOs Terminated             6                                    
Net Par Outstanding             $ 699,000,000                                    
Number Of Consolidated Other Financial Guaranty Transactions           2                                      
Number Of Consolidated CDO Of ABS Transactions             1                                    
Balance Sheet Related Disclosures                                                  
Variable Interest Entity Carrying Amount Of Other Invested Assets 79,749,000   79,749,000   78,006,000                 79,749,000   78,006,000                  
Derivative assets 20,844,000   20,844,000   13,609,000                       1,176,000   3,201,000            
Premiums receivable                                 2,290,000   2,859,000            
VIE Other Assets 93,375,000   93,375,000   99,337,000                 93,375,000   99,337,000 0   0            
Unearned premiums 751,587,000   751,587,000   648,682,000     216,167,000 281,311,000 216,167,000 281,311,000           1,960,000   2,513,000            
Reserve for losses and LAE 2,346,879,000   2,346,879,000   3,149,936,000                       13,977,000   14,376,000 30,538,000 23,611,000 64,291,000 70,608,000 92,645,000 60,550,000
VIE Derivative Liabilities 68,040,000   68,040,000   70,467,000                 68,040,000   70,467,000                  
Derivative liabilities 344,870,000   344,870,000   266,873,000     344,870,000 267,323,000 344,870,000 267,323,000           259,261,000   175,781,000            
VIE debt—at fair value 104,218,000   104,218,000   108,858,000             93,109,000 100,203,000 93,109,000   98,983,000                  
VIE Accounts Payable And Other Liabilities 285,000   285,000   366,000                 285,000   366,000                  
Maximum exposure (1)                           123,849,000 [1]   120,939,000 [1] 4,748,667,000 [1]   5,096,718,000 [1]            
Statement of Operations                                                  
Premiums earned 211,984,000 190,963,000 617,696,000 545,107,000       11,864,000 12,278,000 36,632,000 22,208,000           872,000 1,286,000              
Net investment income 26,732,000 25,635,000 81,220,000 91,225,000       11,864,000 10,877,000 35,984,000 40,848,000     1,338,000 2,903,000                    
Gain (Loss) on Investments, Excluding Other than Temporary Impairments (7,132,000) 84,659,000 (142,891,000) 178,537,000       (2,752,000) 41,280,000 (51,888,000) 76,318,000     405,000 (3,128,000)                    
Change in fair value of derivative instruments 10,778,000 (41,056,000) (70,357,000) (146,937,000)       10,778,000 (41,055,000) (70,357,000) (146,905,000)     513,000 1,253,000   (82,069,000) (166,404,000)              
Net gains (losses) on other financial instruments 902,000 (740,000) (3,585,000) (80,454,000)       1,070,000 1,220,000 (1,614,000) (77,827,000)     3,377,000 (91,274,000)                    
Provision for losses, (decrease) increase 157,174,000 176,352,000 429,524,000 653,374,000       5,162,000 4,547,000 9,146,000 38,762,000           (208,000) 5,854,000              
Other operating expenses 70,974,000 50,429,000 212,055,000 140,776,000       11,384,000 10,179,000 35,390,000 32,989,000     1,469,000 1,802,000                    
Net cash inflow for VIEs                           $ 333,000 $ (134,600,000)   $ 4,133,000 $ (70,486,000)              
[1] The difference between the carrying amounts of the net asset/liability position and maximum exposure related to VIEs is primarily due to the difference between the face amount of the obligation and the recorded fair values, which include an adjustment for our non-performance risk, as applicable. For those VIEs that have recourse to our general credit, the maximum exposure is based on the net par amount of our insured obligation. For any VIEs that do not have recourse to our general credit, the maximum exposure is generally based on the recorded net assets of the VIE, as of the reporting date.