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Note 18 - Quarterly Financial Data (Details) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2013
Quarterly Financial Data (Unaudited) [Member]
Sep. 30, 2013
Quarterly Financial Data (Unaudited) [Member]
Jun. 30, 2013
Quarterly Financial Data (Unaudited) [Member]
Mar. 31, 2013
Quarterly Financial Data (Unaudited) [Member]
Dec. 31, 2012
Quarterly Financial Data (Unaudited) [Member]
Sep. 30, 2012
Quarterly Financial Data (Unaudited) [Member]
Jun. 30, 2012
Quarterly Financial Data (Unaudited) [Member]
Mar. 31, 2012
Quarterly Financial Data (Unaudited) [Member]
Dec. 31, 2013
Quarterly Financial Data (Unaudited) [Member]
Dec. 31, 2012
Quarterly Financial Data (Unaudited) [Member]
Net premiums earned-insurance $ 830,894,000 $ 738,982,000 $ 756,025,000 $ 213,198,000 $ 211,984,000 $ 213,124,000 $ 192,588,000 $ 193,875,000 $ 190,963,000 $ 186,779,000 $ 167,365,000 $ 830,894,000 $ 738,982,000
Net investment income 108,088,000 114,337,000 163,520,000 26,868,000 26,732,000 27,615,000 26,873,000 23,112,000 25,635,000 30,877,000 34,713,000 108,088,000 114,337,000
(Loss) Gain on Investments       (6,829,000) [1] (7,132,000) [1] (130,254,000) [1] (5,505,000) [1] 6,351,000 [1] 84,659,000 [1] 26,419,000 [1] 67,459,000 [1] (149,720,000) [1] 184,888,000 [1]
Net impairment losses recognized in earnings (3,000) (3,000) (1,202,000)                    
Change in fair value of derivative instruments (31,771,000) (144,025,000) 628,395,000 38,586,000 [2] 10,778,000 [2] 86,535,000 [2] (167,670,000) [2] 2,912,000 [2] (41,056,000) [2] (33,124,000) [2] (72,757,000) [2] (31,771,000) [2] (144,025,000) [2]
Net (losses) gains on other financial instruments (4,736,000) (82,269,000) 193,329,000 (1,151,000) [3] 902,000 [3] 1,188,000 [3] (5,675,000) [3] (1,815,000) [3] (740,000) [3] (61,862,000) [3] (17,852,000) [3] (4,736,000) [3] (82,269,000) [3]
Gain on sale of affiliate 0 7,708,000 0                    
Provision for losses 567,134,000 959,171,000 1,296,521,000 137,610,000 [4] 157,174,000 [4] 140,291,000 [4] 132,059,000 [4] 305,797,000 [4] 176,352,000 [4] 210,868,000 [4] 266,154,000 [4] 567,134,000 [4] 959,171,000 [4]
Change in PDR (1,901,000) 41,000 (7,092,000)                    
Policy Acquisition Amortization Expense And Other Operating Expenses       78,978,000 78,932,000 70,987,000 97,295,000 65,994,000 63,356,000 50,998,000 78,200,000 326,192,000 258,548,000
Equity in net income (loss) of affiliates 1,000 (13,000) 65,000                    
Net (loss) income (196,985,000) (451,468,000) 302,150,000 36,369,000 [5] (12,682,000) [5] (33,172,000) [5] (187,500,000) [5] (177,302,000) 14,325,000 (119,259,000) (169,232,000) (196,985,000) [5] (451,468,000)
Diluted net (loss) income per share $ (1.18) $ (3.41) $ 2.26 $ 0.19 [6],[7] $ (0.07) [6],[7] $ (0.19) [6],[7] $ (1.30) [6],[7] $ (1.34) [6],[7] $ 0.11 [6],[7] $ (0.90) [6],[7] $ (1.28) [6],[7] $ (1.18) [6],[7] $ (3.41) [6],[7]
Weighted-average number of common and common equivalent shares outstanding—diluted 166,366 132,533 133,863 213,504 [6] 171,830 [6] 171,783 [6] 144,355 [6] 132,525 [6] 134,033 [6] 132,346 [6] 132,465 [6] 166,366 [6] 132,533 [6]
Valuation Allowance, Deferred Tax Asset, Change in Amount $ 32,600,000                        
[1] The 2013 and 2012 amounts reflect unrealized (losses) gains, respectively, on our trading securities. The 2012 amounts also reflect realized gains (losses) on investments in connection with the continued reallocation of our investment portfolio.
[2] The change in fair value of derivative instruments for 2013 and 2012 reflects the volatility in the cumulative unrealized (loss) gain attributable to the market’s perception of our non-performance risk as a result of the changes in our CDS spread during both years. The 2013 amounts also reflect improvements in the credit spreads of the underlying securities.
[3] The 2013 and 2012 periods primarily reflect fair value gains and losses on our VIE debt.
[4] The results for 2013 reflect a continued decline in new defaults and positive development in our estimate of future losses on existing defaults. The results for the fourth quarter of 2012 include the effects of an increase in our IBNR reserve estimate.
[5] Net income in the fourth quarter of 2013 reflects unrealized gains in the change in fair value of derivative instruments and a decline in the provision for losses in our mortgage insurance segment.
[6] Diluted net (loss) income per share and average shares outstanding per the accounting standard regarding earnings per share.
[7] Net (loss) income per share is computed independently for each period presented. Consequently, the sum of the quarters may not equal the total net (loss) income per share for the year.