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Note 7 - Reinsurance Excess-of-Loss Program (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2019
USD ($)
Nov. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
arrangements
Sep. 30, 2018
USD ($)
Sep. 30, 2019
USD ($)
arrangements
Sep. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Ceded Premiums Earned [1]     $ 26,922 $ 16,068 $ 83,189 [2] $ 48,945  
Mortgage Insurance Segment              
Risk In Force     60,400,000   $ 60,400,000    
Radian Guaranty | Mortgage Insurance Segment              
Reinsurance Retention Policy, Term of Coverage, Period         10 years    
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment              
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets [3]     970,622   $ 970,622   $ 434,034
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount     974,317   974,317   435,148
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | On-Balance Sheet              
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount     3,695   3,695   1,114
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Off-Balance Sheet              
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [4]     970,622   970,622   434,034
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary)              
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets [3]     408,586   408,586   434,034
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount     410,079   410,079   435,148
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) | On-Balance Sheet              
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [5]     1,493   1,493   1,114
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) | Off-Balance Sheet              
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [4]     408,586   408,586   $ 434,034
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary)              
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets [3]     562,036   562,036    
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount     564,238   564,238    
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) | On-Balance Sheet              
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [5]     2,202   2,202    
Excess-of-Loss Program | Radian Guaranty | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) | Off-Balance Sheet              
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount [4]     $ 562,036   $ 562,036    
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk              
Number of Fully Collateralized Reinsurance Arrangements with the Eagle Re Issuers | arrangements     2   2    
Ceded Premiums Earned     $ 7,500   $ 18,400    
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary)              
Reinsurance Retention Policy, Excess Retention, Amount Reinsured   $ 434,000          
Risk In Force   9,100,000          
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2018-1 (Primary) | XOL First Layer              
Reinsurance Retention Policy, Amount Retained   204,900          
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Separate Third-Party Reinsurer              
Reinsurance Retention Policy, Excess Retention, Amount Reinsured   $ 21,400          
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary)              
Reinsurance Retention Policy, Excess Retention, Amount Reinsured $ 562,000            
Risk In Force 10,700,000            
Proceeds from Issuance of Debt 562,000            
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage Insurance Segment | Eagle Re 2019-1 (Primary) | XOL First Layer              
Reinsurance Retention Policy, Amount Retained $ 267,600            
[1]
Net of profit commission.
[2]
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. See Note 3 for further information.
[3] Assets held by the Eagle Re Issuers are required to be invested in U.S. government money market funds, cash or U.S. Treasury securities. Liabilities of the Eagle Re Issuers consist of their mortgage insurance-linked notes, described above.
[4] Represents Radian Guaranty’s maximum exposure to loss in the event the VIE is unable to meet its obligations to us and our insurance subsidiaries would be liable to make claims payments to our policyholders. In the event that all of the assets in the reinsurance trust (consisting of U.S. government money market funds, cash or U.S. Treasury securities) were to lose their value and the VIE is unable to make its payments to us, our maximum potential loss would be the amount of mortgage insurance claim payments for losses on the insured policies, net of the aggregate reinsurance payments already received, up to the full aggregate excess-of-loss reinsurance coverage amount. In the same scenario, the related embedded derivative would no longer have value.
[5]
Represents the fair value of the related embedded derivative, included in other assets in our condensed consolidated balance sheets.