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Note 3 - Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block] Summarized operating results for our segments for the periods indicated, are as follows:
 
Three Months Ended
March 31,
(In thousands)
2019
 
2018
Mortgage Insurance
 
 
 
Net premiums written—insurance (1) 
$
251,586

 
$
237,980

(Increase) decrease in unearned premiums
10,192

 
4,570

Net premiums earned—insurance
261,778

 
242,550

Net investment income
43,665

 
33,956

Other income
1,196

 
807

Total (2) 
306,639


277,313

 
 
 
 
Provision for losses
20,844

 
37,391

Policy acquisition costs
5,893

 
7,117

Other operating expenses before corporate allocations
30,410

 
31,888

Total (3) 
57,147

 
76,396

Adjusted pretax operating income before corporate allocations
249,492

 
200,917

Allocation of corporate operating expenses
25,625

 
18,577

Allocation of interest expense
15,697

 
10,629

Adjusted pretax operating income
$
208,170

 
$
171,711


______________________
(1)
Net of ceded premiums written under our reinsurance programs. See Note 7 for additional information.
(2)
Excludes net gains on investments and other financial instruments of $21.9 million for the three months ended March 31, 2019, and net losses on investments and other financial instruments of $18.9 million for the three months ended March 31, 2018, not included in adjusted pretax operating income.
(3)Includes inter-segment expenses as follows:
 
Three Months Ended
March 31,
(In thousands)
2019
 
2018
Inter-segment expenses
$
970

 
$
1,002


 
Three Months Ended
March 31,
(In thousands)
2019
 
2018
Services
 
 
 
Net premiums earned—insurance (1) 
$
1,734

 
$
—

Services revenue (2) 
33,723

 
34,166

Net investment income (1) 
182

 
—

Other income (1) 
408

 
—

Total (2) 
36,047

 
34,166

 
 
 
 
Provision for losses (1) 
(18
)
 
—

Cost of services
24,559

 
23,270

Other operating expenses before corporate allocations
13,435

 
10,744

Restructuring and other exit costs
—

 
525

Total
37,976

 
34,539

Adjusted pretax operating income (loss) before corporate allocations
(1,929
)

(373
)
Allocation of corporate operating expenses
4,171

 
2,784

Allocation of interest expense
—

(3)
4,451

Adjusted pretax operating income (loss)
$
(6,100
)

$
(7,608
)

______________________
(1)
Results from inclusion of the operations of EnTitle Direct, a national title insurance and settlement services company, acquired in March 2018.
(2)Includes inter-segment revenues as follows:
 
Three Months Ended
March 31,
(In thousands)
2019
 
2018
Inter-segment revenues
$
970

 
$
1,002


(3)
Effective January 1, 2019, the Clayton Intercompany Note was repaid using proceeds from an additional capital contribution from Radian Group. As a result of the intercompany note repayment, the Services segment no longer incurs interest expense on the intercompany note.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] The reconciliation of adjusted pretax operating income to consolidated pretax income is as follows:
 
Three Months Ended
March 31,
(In thousands)
2019
 
2018
Adjusted pretax operating income (loss):
 
 
 
Mortgage Insurance (1) 
$
208,170

 
$
171,711

Services (1) 
(6,100
)
 
(7,608
)
Total adjusted pretax operating income
202,070

 
164,103

 
 
 
 
Net gains (losses) on investments and other financial instruments
21,913

 
(18,887
)
Acquisition-related expenses (2) 
(233
)
 
—

Amortization and impairment of other acquired intangible assets
(2,187
)
 
(2,748
)
Impairment of other long-lived assets and infrequent or unusual non-operating items (3) 
(5,427
)
 
(26
)
Consolidated pretax income
$
216,136

 
$
142,442

______________________
(1)
Includes inter-segment expenses and revenues as listed in the notes to the preceding tables.
(2)
Acquisition-related expenses represent expenses incurred to effect the acquisition of a business, net of adjustments to accruals previously recorded for acquisition expenses.
(3)
The amount for the three months ended March 31, 2019 is included in other operating expenses on the condensed consolidated statement of operations and primarily relates to impairments of other long-lived assets. The amount for the three months ended March 31, 2018 is included within restructuring and other exit costs on the condensed consolidated statement of operations.
Services Revenue [Table Text Block] The table below represents the disaggregation of Services revenues by revenue type:
 
Three Months Ended
March 31,
(In thousands)
2019
 
2018
Services segment revenue
 
 
 
Mortgage Services
$
16,063

 
$
17,498

Real Estate Services
15,836

 
14,394

Title Services
2,232

 
2,274

Total (1) 
$
34,131

 
$
34,166

______________________
(1)
Includes inter-segment revenues of $1.0 million for each of the three months ended March 31, 2019 and 2018, respectively. For the three months ended March 31, 2019, amounts exclude a total of $1.9 million, comprised of Services segment net premiums earned—insurance and net investment income, as both are excluded from the scope of the revenue recognition standard.
Assets & Liabilities Related to Services Segment Revenues [Table Text Block] The following represents balances related to Services contracts as of the dates indicated:
(In thousands)
March 31, 2019
 
December 31, 2018
Accounts Receivable - Services Contracts
$
13,241

 
$
15,461

Unbilled Receivables - Services Contracts
22,967

 
19,917

Deferred Revenues - Services Contracts
3,044

 
3,204