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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Net premiums earned—insurance $ 224,595us-gaap_PremiumsEarnedNet $ 198,762us-gaap_PremiumsEarnedNet
Services revenue 30,529us-gaap_SalesRevenueServicesNet 0us-gaap_SalesRevenueServicesNet
Net investment income 17,328us-gaap_NetInvestmentIncome 15,318us-gaap_NetInvestmentIncome
Net gains on investments and other financial instruments 16,779rdn_NetGainsLossesonInvestmentsandOtherFinancialInstruments 42,968rdn_NetGainsLossesonInvestmentsandOtherFinancialInstruments
Other income 1,432us-gaap_OtherIncome 1,126us-gaap_OtherIncome
Total revenues 290,663us-gaap_Revenues 258,174us-gaap_Revenues
Expenses:    
Provision for losses 45,028rdn_PolicyholderBenefitsandClaimsIncurredNetandIncludingChangeinReservesforPremiumDeficiency 49,626rdn_PolicyholderBenefitsandClaimsIncurredNetandIncludingChangeinReservesforPremiumDeficiency
Policy acquisition costs 7,750us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 7,017us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Direct cost of services 18,451us-gaap_CostOfServices 0us-gaap_CostOfServices
Other operating expenses 54,576us-gaap_OtherCostAndExpenseOperating 54,507us-gaap_OtherCostAndExpenseOperating
Interest expense 24,385us-gaap_InterestExpense 19,927us-gaap_InterestExpense
Amortization and impairment of intangible assets 3,023rdn_IncreaseDecreaseinGoodwillandIntangibleAssets 0rdn_IncreaseDecreaseinGoodwillandIntangibleAssets
Total expenses 153,213us-gaap_CostsAndExpenses 131,077us-gaap_CostsAndExpenses
Pretax income from continuing operations 137,450us-gaap_OperatingIncomeLoss 127,097us-gaap_OperatingIncomeLoss
Income tax provision (benefit) 45,723us-gaap_IncomeTaxExpenseBenefit (18,883)us-gaap_IncomeTaxExpenseBenefit
Net income from continuing operations 91,727us-gaap_IncomeLossFromContinuingOperations 145,980us-gaap_IncomeLossFromContinuingOperations
Income from discontinued operations, net of tax 530us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity 56,779us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 92,257us-gaap_NetIncomeLoss $ 202,759us-gaap_NetIncomeLoss
Net income from continuing operations $ 0.48us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.84us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.33us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic net income per share $ 0.48us-gaap_EarningsPerShareBasic $ 1.17us-gaap_EarningsPerShareBasic
Net income from continuing operations $ 0.39us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.68us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income from discontinued operations $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.26us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted net income per share $ 0.39us-gaap_EarningsPerShareDiluted $ 0.94us-gaap_EarningsPerShareDiluted
Weighted-average number of common shares outstanding—basic 191,224us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 173,165us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average number of common and common equivalent shares outstanding—diluted 243,048us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 222,668us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends per share $ 0.0025us-gaap_CommonStockDividendsPerShareDeclared $ 0.0025us-gaap_CommonStockDividendsPerShareDeclared