XML 59 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 3 - Segment Reporting Schedule of Segment Reporting Information by Segment (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
segment
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
Segment Reporting Information [Line Items]          
Number of Operating Segments | segment     2    
Net premiums earned—insurance $ 258,431 $ 236,702 $ 752,325 $ 687,598  
Services revenue 36,566 39,571 106,558 115,400  
Net investment income 38,995 32,540 110,424 93,643  
Other income 1,174 760 2,997 2,118  
Policy acquisition costs 5,667 5,554 18,780 18,406  
Cost of services 25,854 27,240 73,185 81,250  
Other operating expenses before corporate allocations 70,125 64,195 203,552 201,322  
Restructuring and other exit costs 4,464 12,038 5,940 12,038  
Adjusted pretax operating income (loss) 196,699 155,619 551,811 444,636  
Net gains (losses) on investments and other financial instruments (4,480) 2,480 (30,771) 4,960  
Total assets 6,269,484   6,269,484   $ 5,900,881
Mortgage Insurance Segment          
Segment Reporting Information [Line Items]          
Net premiums written—insurance [1] 253,827 247,810 743,765 713,782  
(Increase) decrease in unearned premiums 1,655 (11,108) 3,235 (26,184)  
Net premiums earned—insurance 255,482 236,702 747,000 687,598  
Net investment income 38,824 32,540 110,227 93,643  
Other income 725 760 2,153 2,118  
Total [2] 295,031 270,002 859,380 783,359  
Provision for losses 20,715 35,980 77,468 100,926  
Policy acquisition costs 5,667 5,554 18,780 18,406  
Other operating expenses before corporate allocations 33,152 36,941 98,302 114,169  
Total [3] 59,534 78,475 194,550 233,501  
Adjusted pretax operating income (loss) before corporate allocations 235,497 191,527 664,830 549,858  
Allocation of corporate operating expenses 19,794 11,737 58,507 41,817  
Allocation of interest expense 11,083 11,282 32,552 34,539  
Adjusted pretax operating income (loss) [4] 204,620 168,508 573,771 473,502  
Inter-segment expenses 766 1,491 2,653 5,726  
Total assets 6,095,101   6,095,101   5,733,918
Mortgage and Real Estate Services Segment          
Segment Reporting Information [Line Items]          
Corporate Cash and Investments Allocated to Segments 0   0    
Net premiums earned—insurance [5] 2,949 0 5,325 0  
Services revenue [6] 37,332 41,062 109,211 121,126  
Net investment income [5] 171 0 197 0  
Other income [5] 449 0 844 0  
Total [6] 40,901 41,062 115,577 121,126  
Provision for losses [5] 242 0 295 0  
Cost of services 26,001 27,544 73,628 82,196  
Other operating expenses before corporate allocations 14,772 12,781 39,531 38,188  
Restructuring and other exit costs [7] 407 5,463 1,987 5,463  
Total 41,422 45,788 115,441 125,847  
Adjusted pretax operating income (loss) before corporate allocations (521) (4,726) 136 (4,721)  
Allocation of corporate operating expenses 2,948 3,730 8,742 10,852  
Allocation of interest expense 4,452 4,433 13,354 13,293  
Adjusted pretax operating income (loss) [4] (7,921) (12,889) (21,960) (28,866)  
Inter-segment revenues 766 $ 1,491 2,653 $ 5,726  
Total assets 174,383   174,383   $ 166,963
Senior Notes | Senior Notes Due 2019          
Segment Reporting Information [Line Items]          
Debt Instrument, Face Amount $ 300,000   $ 300,000    
[1] Net of ceded premiums written under the QSR Program and the Single Premium QSR Program. See Note 7 for additional information.
[2] Excludes net losses on investments and other financial instruments of $4.5 million and $30.8 million for the three and nine months ended September 30, 2018, and net gains on investments and other financial instruments of $2.5 million and $5.0 million for the three and nine months ended September 30, 2017, not included in adjusted pretax operating income.
[3] Includes inter-segment expenses as follows:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands)
2018
 
2017
 
2018
 
2017
Inter-segment expenses
$
766

 
$
1,491

 
$
2,653

 
$
5,726

[4] Includes inter-segment expenses and revenues as listed in the notes to the preceding tables.
[5] Results from inclusion of the operations of EnTitle Direct, a national title insurance and settlement services company, acquired in March 2018.
[6] Includes inter-segment revenues as follows:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(In thousands)
2018
 
2017
 
2018
 
2017
Inter-segment revenues
$
766

 
$
1,491

 
$
2,653

 
$
5,726

[7] Does not include impairment of long-lived assets and loss from the sale of a business line, which are not components of adjusted pretax operating income.