Note 3 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income is as follows:



	Three Months Ended June 30,							Six Months Ended June 30,
(In thousands)	2019				2018			2019				2018
Adjusted pretax operating income (loss):
Mortgage Insurance	$	219,365		(1)	$	197,440		$	427,535		(1)	$	369,151
Services	(3,526		)		(6,431		)	(9,626		)		(14,039		)
Total adjusted pretax operating income	215,839				191,009			417,909				355,112

Net gains (losses) on investments and other financial instruments	12,540				(7,404		)	34,453				(26,291		)
Loss on extinguishment of debt	(16,798		)		—			(16,798		)		—
Amortization and impairment of other acquired intangible assets	(2,139		)		(2,748		)	(4,326		)		(5,496		)
Impairment of other long-lived assets and other non-operating items	103				(286		)	(5,557		)		(312		)
Consolidated pretax income	$	209,545			$	180,571		$	425,681			$	323,013

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(1)

Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described below.

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

The reconciliation of our reportable segment revenues to consolidated revenues is as follows:



	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2019			2018			2019			2018
Reportable segment revenues:
Mortgage Insurance	$	340,520	(1)	$	287,036		$	647,159	(1)	$	564,349
Services	42,981			40,510			79,028			74,676
Total reportable segment revenues	383,501			327,546			726,187			639,025
Add: Net gains (losses) on investments and other financial instruments	12,540			(7,404		)	34,453			(26,291		)
Less: Inter-segment revenues (2)	1,077			885			2,047			1,887
Total revenues	$	394,964		$	319,257		$	758,593		$	610,847

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(1)	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described above.

(2)

Inter-segment revenues included in the Services segment.

Services Revenue [Table Text Block]

The table below represents the disaggregation of services revenues from external customers, by type:



	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2019		2018		2019		2018
Services revenue
Mortgage Services	$	17,220	$	20,192	$	32,313	$	36,687
Real Estate Services	16,938		14,570		32,775		28,964
Title Services	5,145		2,066		6,968		4,341
Total services revenue	$	39,303	$	36,828	$	72,056	$	69,992

Assets & Liabilities Related to Services Segment Revenues [Table Text Block]

The following represents balances related to services revenue contracts as of the dates indicated:



(In thousands)	June 30, 2019		December 31, 2018
Accounts Receivable	$	16,846	$	15,461
Unbilled Receivables	21,725		19,917
Deferred Revenues	2,861		3,204