Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Revenues:
Net premiums earned—insurance	$ 915,908		$ 844,528		$ 781,420
Services revenue	153,815		76,693		0
Net investment income	81,537		65,655		68,121
Net gains (losses) on investments and other financial instruments	35,693	[1],[2]	79,989	[1],[2]	(106,525)
Other income	6,300		5,820		6,890
Total revenues	1,193,253		1,072,685		749,906
Expenses:
Provision for losses	198,585		246,083		562,747
Policy acquisition costs	22,424		24,446		28,485
Direct cost of services	89,963		43,605		0
Other operating expenses	246,157		252,283		257,402
Interest expense	91,102		90,464		74,618
Loss on induced conversion and debt extinguishment	94,207		0		0
Increase (Decrease) in Goodwill and Intangible Assets	12,986		8,648		0
Total expenses	755,424		665,529		923,252
Pretax Income (Loss) from Continuing Operations Attributable to Parent	437,829		407,156		(173,346)
Income tax provision (benefit)	156,290		(852,418)		(31,495)
Net income (loss) from continuing operations	281,539		1,259,574	[3]	(141,851)
Loss from discontinued operations, net of tax	5,385	[4]	(300,057)	[4],[5]	(55,134)
Net income (loss)	$ 286,924		$ 959,517		$ (196,985)
Earnings Per Share, Basic:
Net income (loss) from continuing operations, per basic share	$ 1.41		$ 6.83		$ (0.85)
Net income (loss) from discontinued operations, per basic share	0.03		(1.63)		(0.33)
Net income (loss), per basic share	1.44		5.20		(1.18)
Earnings Per Share, Diluted:
Net income (loss) from continuing operations, per diluted share	1.20		5.44		(0.85)
Net income (loss) from discontinued operations and disposal of discontinued operations, net of tax, per diluted share	0.02		(1.28)		(0.33)
Net income (loss) per diluted share	$ 1.22	[6],[7]	$ 4.16	[6],[7]	$ (1.18)
Weighted-average number of common shares outstanding—basic	199,910		184,551		166,366
Weighted-average number of common and common equivalent shares outstanding—diluted	246,332	[6]	233,902	[6]	166,366
Dividends per share	$ 0.01		$ 0.01		$ 0.01

[1] The 2015 and 2014 amounts reflect primarily unrealized (losses) gains, respectively, on our trading securities.

[2] The change in expected economic loss or recovery associated with our previously owned VIEs is included in adjusted pretax operating income above, although it represents amounts that are not included in net income. Therefore, for purposes of this reconciliation, net gains (losses) on investments and other financial instruments has been adjusted by income of $0.1 million and $0.6 million for the years ended December 31, 2014 and 2013, respectively, to reverse this item.

[3] This amount reflects a reversal of substantially all of our tax valuation allowance in the fourth quarter of 2014.

[4] Radian completed the sale of Radian Asset Assurance to Assured on April 1, 2015, pursuant to the Radian Asset Assurance Stock Purchase Agreement dated as of December 22, 2014. Until the April 1, 2015 sale date, the operating results of Radian Asset Assurance were classified as discontinued operations for all periods presented in our consolidated statements of operations. See Note 3 for additional information.

[5] Reflects a $468 million loss on reclassification of Radian Asset Assurance as assets held for sale in the fourth quarter of 2014.

[6] Diluted net income per share and average shares outstanding per the accounting standard regarding earnings per share.

[7] Diluted net income per share is computed independently for each period presented. Consequently, the sum of the quarters may not equal the total net income per share for the year. For all calculations, the determination of whether potential common shares are dilutive or anti-dilutive is based on net income from continuing operations.