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Note 3 - Segment Reporting Schedule of Segment Reporting Information by Segment (Details)
3 Months Ended
Mar. 31, 2019
USD ($)
segment
Mar. 31, 2018
USD ($)
Segment Reporting Information [Line Items]    
Number of Operating Segments | segment 2  
Net premiums written—insurance $ 253,320,000 $ 237,980,000
Net premiums earned—insurance 263,512,000 242,550,000
Services revenue 32,753,000 33,164,000
Net investment income 43,847,000 33,956,000
Other income 1,604,000 807,000
Policy acquisition costs 5,893,000 7,117,000
Cost of services 24,157,000 23,126,000
Other operating expenses before corporate allocations 78,805,000 63,243,000
Restructuring and other exit costs 0 551,000
Adjusted pretax operating income (loss) 202,070,000 164,103,000
Net gains (losses) on investments and other financial instruments 21,913,000 (18,887,000)
Mortgage Insurance Segment    
Segment Reporting Information [Line Items]    
Net premiums written—insurance [1] 251,586,000 237,980,000
(Increase) decrease in unearned premiums 10,192,000 4,570,000
Net premiums earned—insurance 261,778,000 242,550,000
Net investment income 43,665,000 33,956,000
Other income 1,196,000 807,000
Total [2] 306,639,000 277,313,000
Provision for losses 20,844,000 37,391,000
Policy acquisition costs 5,893,000 7,117,000
Other operating expenses before corporate allocations 30,410,000 31,888,000
Total [3] 57,147,000 76,396,000
Adjusted pretax operating income (loss) before corporate allocations 249,492,000 200,917,000
Allocation of corporate operating expenses 25,625,000 18,577,000
Allocation of interest expense 15,697,000 10,629,000
Adjusted pretax operating income (loss) [4] 208,170,000 171,711,000
Inter-segment expenses 970,000 1,002,000
Mortgage and Real Estate Services Segment    
Segment Reporting Information [Line Items]    
Corporate Cash and Investments Allocated to Segments 0  
Net premiums earned—insurance [5] 1,734,000 0
Services revenue [6] 33,723,000 34,166,000
Net investment income [5] 182,000 0
Other income [5] 408,000 0
Total [6] 36,047,000 34,166,000
Provision for losses [5] (18,000) 0
Cost of services 24,559,000 23,270,000
Other operating expenses before corporate allocations 13,435,000 10,744,000
Restructuring and other exit costs 0 525,000
Total 37,976,000 34,539,000
Adjusted pretax operating income (loss) before corporate allocations (1,929,000) (373,000)
Allocation of corporate operating expenses 4,171,000 2,784,000
Allocation of interest expense 0 [7] 4,451,000
Adjusted pretax operating income (loss) [4] (6,100,000) (7,608,000)
Inter-segment revenues $ 970,000 $ 1,002,000
[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

[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
March 31,
(In thousands)
2019
 
2018
Inter-segment revenues
$
970

 
$
1,002

[7] 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.