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Schedule II Financial Information of Registrant Parent Company Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
[1]
Sep. 30, 2016
[1]
Jun. 30, 2016
[1]
Mar. 31, 2016
[1]
Dec. 31, 2015
[1]
Sep. 30, 2015
[1]
Jun. 30, 2015
[1]
Mar. 31, 2015
[1]
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:                      
Net investment income $ 28,996 $ 28,430 $ 28,839 $ 27,201 $ 22,833 $ 22,091 $ 19,285 $ 17,328 $ 113,466 $ 81,537 [1] $ 65,655
Net gains (losses) on investments and other financial instruments                 31,004 35,081 83,869
Other income                 3,572 2,899 4,562
Total revenues                 1,238,452 1,193,253 1,072,685
Expenses:                      
Loss on induced conversion and debt extinguishment 0 (17,397) (2,108) (55,570) (2,320) (11) (91,876) 0 (75,075) (94,207) [1] 0
Interest expense                 81,132 91,102 90,464
Total expenses (Note G)                 754,766 755,424 665,529
Pretax Income (Loss) from Continuing Operations Attributable to Parent                 483,686 437,829 407,156
Income tax provision (benefit)                 175,433 156,290 (852,418)
Income (Loss) from Continuing Operations Attributable to Parent         74,528 70,091 45,193 91,727 308,253 281,539 [1] 1,259,574
Less: Income (loss) from discontinued operations, net of tax         0 [2] 0 [2] 4,855 [2] 530 [2] 0 5,385 [1],[2] (300,057)
Net income $ 61,089 $ 82,803 $ 98,112 $ 66,249 $ 74,528 $ 70,091 $ 50,048 $ 92,257 308,253 286,924 [1] 959,517
Other comprehensive income (loss), net of tax                 6,082 (69,962) 14,102
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 314,335 216,962 973,619
Parent Company                      
Revenues:                      
Net investment income                 20,834 17,917 9,515
Net gains (losses) on investments and other financial instruments                 (150) 2,975 (2,732)
Other income                 49 0 7
Total revenues                 20,733 20,892 6,790
Expenses:                      
Loss on induced conversion and debt extinguishment                 (75,075) (94,207) 0
Interest expense                 29,002 55,768 57,366
Total expenses (Note G)                 104,077 149,975 57,366
Pretax Income (Loss) from Continuing Operations Attributable to Parent                 (83,344) (129,083) (50,576)
Income tax provision (benefit)                 (8,676) (43,854) 143,912
Equity in net income (loss) of affiliates                 382,921 371,949 1,172,032
Income (Loss) from Continuing Operations Attributable to Parent                 308,253 286,720 977,544
Less: Income (loss) from discontinued operations, net of tax                 0 204 (18,027)
Net income                 308,253 286,924 959,517
Other comprehensive income (loss), net of tax                 6,082 (69,962) 14,102
Comprehensive Income (Loss), Net of Tax, Attributable to Parent                 $ 314,335 $ 216,962 $ 973,619
[1] For all periods presented, reflects changes to align our segment reporting structure with recent changes in personnel reporting lines and management oversight related to contract underwriting performed on behalf of third parties. Revenue and expenses for this business are now reflected in the Services segment. As a result, for all periods presented, Services revenue and cost of services have increased, with offsetting reductions in other operating expenses.
[2] Radian completed the sale of Radian Asset Assurance to Assured on April 1, 2015, pursuant to the Radian Asset Assurance Stock Purchase Agreement. 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 18 for additional information.