XML 48 R111.htm IDEA: XBRL DOCUMENT v2.4.1.9
Schedule II Financial Information of Registrant Parent Company Statement of Cash Flows (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income (loss) $ 959,517,000us-gaap_NetIncomeLoss $ (196,985,000)us-gaap_NetIncomeLoss $ (451,468,000)us-gaap_NetIncomeLoss
Loss from discontinued operations, net of tax 300,057,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity [1] 55,134,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 227,363,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net (Gains) Losses On Investments, Other Financial Instruments, Change in Fair Value Of Derivatives And Net Impairment Losses Recognized In Earnings 79,989,000rdn_NetGainsLossesOnInvestmentsOtherFinancialInstrumentsChangeInFairValueOfDerivativesAndNetImpairmentLossesRecognizedInEarnings (105,890,000)rdn_NetGainsLossesOnInvestmentsOtherFinancialInstrumentsChangeInFairValueOfDerivativesAndNetImpairmentLossesRecognizedInEarnings 121,892,000rdn_NetGainsLossesOnInvestmentsOtherFinancialInstrumentsChangeInFairValueOfDerivativesAndNetImpairmentLossesRecognizedInEarnings
Deferred income tax (benefit) provision (825,843,000)us-gaap_DeferredIncomeTaxExpenseBenefit (31,847,000)us-gaap_DeferredIncomeTaxExpenseBenefit 7,817,000us-gaap_DeferredIncomeTaxExpenseBenefit
Depreciation and other amortization, net 57,301,000us-gaap_DepreciationAmortizationAndAccretionNet 69,726,000us-gaap_DepreciationAmortizationAndAccretionNet 53,257,000us-gaap_DepreciationAmortizationAndAccretionNet
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries   7,600,000us-gaap_CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries  
Change in other assets 26,744,000us-gaap_IncreaseDecreaseInOtherOperatingAssets (16,764,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets 50,080,000us-gaap_IncreaseDecreaseInOtherOperatingAssets
Change in other liabilities (55,592,000)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 54,354,000us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 24,635,000us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Net cash used in operating activities, continuing operations (153,245,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (619,040,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (247,163,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Net cash used in operating activities, discontinued operations 17,071,000us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (45,897,000)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations (263,337,000)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash (used in) provided by operating activities (136,174,000)us-gaap_NetCashProvidedByUsedInOperatingActivities (664,937,000)us-gaap_NetCashProvidedByUsedInOperatingActivities (510,500,000)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Proceeds from sales of fixed-maturity investments available for sale 19,672,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 17,185,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 30,966,000us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Purchases of trading securities 0us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment (259,897,000)us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment (3,877,633,000)us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment
(Purchases) sales and redemptions of short-term investments, net (364,855,000)us-gaap_PaymentsForProceedsFromShortTermInvestments (363,446,000)us-gaap_PaymentsForProceedsFromShortTermInvestments 356,274,000us-gaap_PaymentsForProceedsFromShortTermInvestments
Sales of other assets, net 7,836,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities 41,397,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities 12,691,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Purchases of property and equipment, net (18,495,000)us-gaap_PaymentsForProceedsFromProductiveAssets (6,004,000)us-gaap_PaymentsForProceedsFromProductiveAssets (2,199,000)us-gaap_PaymentsForProceedsFromProductiveAssets
Payments to Acquire Businesses, Net of Cash Acquired (295,977,000)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash (used in) provided by investing activities (337,632,000)us-gaap_NetCashProvidedByUsedInInvestingActivities 60,299,000us-gaap_NetCashProvidedByUsedInInvestingActivities 661,073,000us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Dividends paid (1,865,000)us-gaap_PaymentsOfDividendsCommonStock (1,632,000)us-gaap_PaymentsOfDividendsCommonStock (1,335,000)us-gaap_PaymentsOfDividendsCommonStock
Proceeds/payments related to issuance or exchange of debt, net 293,809,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts 377,783,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts 0us-gaap_ProceedsFromDebtNetOfIssuanceCosts
Redemption of long-term debt (57,223,000)us-gaap_RepaymentsOfLongTermDebt (79,372,000)us-gaap_RepaymentsOfLongTermDebt (153,261,000)us-gaap_RepaymentsOfLongTermDebt
Issuance of common stock 247,188,000us-gaap_ProceedsFromIssuanceOfCommonStock 299,410,000us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Net cash provided by (used in) financing activities 482,016,000us-gaap_NetCashProvidedByUsedInFinancingActivities 596,941,000us-gaap_NetCashProvidedByUsedInFinancingActivities (154,596,000)us-gaap_NetCashProvidedByUsedInFinancingActivities
Cash, beginning of period 22,880,000us-gaap_CashAndCashEquivalentsAtCarryingValue 29,408,000us-gaap_CashAndCashEquivalentsAtCarryingValue 33,020,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash, end of period 30,465,000us-gaap_CashAndCashEquivalentsAtCarryingValue 22,880,000us-gaap_CashAndCashEquivalentsAtCarryingValue 29,408,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Parent Company      
Cash flows from operating activities:      
Net income (loss) 959,517,000us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(196,985,000)us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(451,468,000)us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Loss from discontinued operations, net of tax 18,027,000us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net (Gains) Losses On Investments, Other Financial Instruments, Change in Fair Value Of Derivatives And Net Impairment Losses Recognized In Earnings (53,000)rdn_NetGainsLossesOnInvestmentsOtherFinancialInstrumentsChangeInFairValueOfDerivativesAndNetImpairmentLossesRecognizedInEarnings
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,004,000rdn_NetGainsLossesOnInvestmentsOtherFinancialInstrumentsChangeInFairValueOfDerivativesAndNetImpairmentLossesRecognizedInEarnings
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,821,000)rdn_NetGainsLossesOnInvestmentsOtherFinancialInstrumentsChangeInFairValueOfDerivativesAndNetImpairmentLossesRecognizedInEarnings
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Losses (gains) on the repurchase of long-term debt 2,785,000us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
3,952,000us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(16,175,000)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Equity in undistributed net (income) loss of subsidiaries and affiliates (1,172,005,000)us-gaap_OtherNoncashIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
150,090,000us-gaap_OtherNoncashIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
505,267,000us-gaap_OtherNoncashIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Decrease) increase in federal income taxes (6,626,000)us-gaap_IncreaseDecreaseInIncomeTaxes
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
6,583,000us-gaap_IncreaseDecreaseInIncomeTaxes
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(7,145,000)us-gaap_IncreaseDecreaseInIncomeTaxes
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Deferred income tax (benefit) provision 170,757,000us-gaap_DeferredIncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_DeferredIncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_DeferredIncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Depreciation and other amortization, net 34,213,000us-gaap_DepreciationAmortizationAndAccretionNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
30,286,000us-gaap_DepreciationAmortizationAndAccretionNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
18,603,000us-gaap_DepreciationAmortizationAndAccretionNet
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Change in other assets 13,768,000us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
23,301,000us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(17,708,000)us-gaap_IncreaseDecreaseInOtherOperatingAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Change in other liabilities (47,536,000)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
85,450,000us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
25,336,000us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash used in operating activities, continuing operations (27,153,000)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
105,681,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
54,889,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash used in operating activities, discontinued operations (18,027,000)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash (used in) provided by operating activities (45,180,000)us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
105,681,000us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
54,889,000us-gaap_NetCashProvidedByUsedInOperatingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash flows from investing activities:      
Sales/redemptions of trading securities 0rdn_ProceedsFromSalesOfTradingSecuritiesHeldForInvestment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
9,000,000rdn_ProceedsFromSalesOfTradingSecuritiesHeldForInvestment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
153,992,000rdn_ProceedsFromSalesOfTradingSecuritiesHeldForInvestment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Purchases of trading securities 0us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(3,000)us-gaap_PaymentsToAcquireTradingSecuritiesHeldforinvestment
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Purchases) sales and redemptions of short-term investments, net 1,372,000us-gaap_PaymentsForProceedsFromShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(496,979,000)us-gaap_PaymentsForProceedsFromShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
41,042,000us-gaap_PaymentsForProceedsFromShortTermInvestments
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Sales of other assets, net 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
21,473,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
8,709,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Purchases of property and equipment, net (1,351,000)us-gaap_PaymentsForProceedsFromProductiveAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(647,000)us-gaap_PaymentsForProceedsFromProductiveAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,124,000)us-gaap_PaymentsForProceedsFromProductiveAssets
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Capital contributions to subsidiaries and affiliates (139,103,000)rdn_CapitalContributions
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(233,391,000)rdn_CapitalContributions
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(100,384,000)rdn_CapitalContributions
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Issuance of notes receivable from affiliates (300,000,000)us-gaap_PaymentsToFundLongtermLoansToRelatedParties
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_PaymentsToFundLongtermLoansToRelatedParties
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_PaymentsToFundLongtermLoansToRelatedParties
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash (used in) provided by investing activities (439,082,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(700,544,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
102,232,000us-gaap_NetCashProvidedByUsedInInvestingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash flows from financing activities:      
Dividends paid (1,865,000)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,632,000)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(1,335,000)us-gaap_PaymentsOfDividendsCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Proceeds/payments related to issuance or exchange of debt, net 293,809,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
377,783,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_ProceedsFromDebtNetOfIssuanceCosts
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Redemption of long-term debt (57,223,000)us-gaap_RepaymentsOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(79,372,000)us-gaap_RepaymentsOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(153,261,000)us-gaap_RepaymentsOfLongTermDebt
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Issuance of common stock 247,188,000us-gaap_ProceedsFromIssuanceOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
299,410,000us-gaap_ProceedsFromIssuanceOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
0us-gaap_ProceedsFromIssuanceOfCommonStock
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Net cash provided by (used in) financing activities 481,909,000us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
596,189,000us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(154,596,000)us-gaap_NetCashProvidedByUsedInFinancingActivities
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
(Decrease) increase in cash (2,353,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
1,326,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,525,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash, beginning of period 4,304,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
2,978,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
453,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
Cash, end of period $ 1,951,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 4,304,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
$ 2,978,000us-gaap_CashAndCashEquivalentsAtCarryingValue
/ dei_LegalEntityAxis
= us-gaap_ParentCompanyMember
[1] This amount reflects a $468 million loss on reclassification of Radian Asset Assurance as assets held for sale in the fourth quarter.