XML 93 R54.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 4 - Segment Reporting Revenue and Other Segment Information (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Premiums Earned, Net $ 301,486,000 $ 281,185,000 $ 299,166,000 $ 263,512,000 $ 261,682,000 $ 258,431,000 $ 251,344,000 $ 242,550,000 $ 1,145,349,000 $ 1,014,007,000 $ 932,773,000
Services Revenue, Net 40,031,000 42,509,000 39,303,000 32,753,000 38,414,000 36,566,000 36,828,000 33,164,000 154,596,000 144,972,000 155,103,000
Net investment income (Note 6) 41,432,000 42,756,000 43,761,000 43,847,000 42,051,000 38,995,000 37,473,000 33,956,000 171,796,000 152,475,000 127,248,000
Other income                 3,495,000 4,028,000 2,886,000
Add: Net gains (losses) on investments and other financial instruments 4,257,000 $ 13,009,000 $ 12,540,000 $ 21,913,000 (11,705,000) $ (4,480,000) $ (7,404,000) $ (18,887,000) 51,719,000 (42,476,000) 3,621,000
Total revenues                 1,526,955,000 1,273,006,000 1,221,631,000
Interest expense                 56,310,000 61,490,000 62,761,000
Depreciation                 7,800,000 8,000,000.0 6,900,000
Allocation of corporate operating expenses (1)                 124,412,000 94,815,000 72,764,000
Accounts Receivable, after Allowance for Credit Loss 93,630,000       78,652,000       93,630,000 78,652,000  
Unbilled Contracts Receivable 13,772,000       19,917,000       13,772,000 19,917,000  
Operating Segments                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Premiums Earned, Net                 1,145,349,000 1,014,007,000 932,773,000
Services Revenue, Net                 158,629,000 148,217,000 161,833,000
Net investment income (Note 6)                 171,796,000 152,475,000 127,248,000
Other income                 3,495,000 4,028,000 2,886,000
Add: Net gains (losses) on investments and other financial instruments                 0 0 0
Total revenues                 1,479,269,000 1,318,727,000 1,224,740,000
Interest expense                 56,310,000 61,490,000 62,761,000
Depreciation                 19,001,000 18,792,000 17,073,000
Allocation of corporate operating expenses (1)                 121,021,000 [1] 92,108,000 [2] 69,760,000 [3]
Operating Segments | Depreciation Expense                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Allocation of corporate operating expenses (1)                 1,800,000 600,000 300,000
Intersegment Eliminations                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Premiums Earned, Net                 0 0 0
Services Revenue, Net                 (4,033,000) (3,245,000) (6,730,000)
Net investment income (Note 6)                 0 0 0
Other income                 0 0 0
Add: Net gains (losses) on investments and other financial instruments                 0 0 0
Total revenues                 (4,033,000) (3,245,000) (6,730,000)
Segment Reconciling Items                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Premiums Earned, Net                 0 0 0
Services Revenue, Net                 0 0 0
Net investment income (Note 6)                 0 0 0
Other income                 0 0 0
Add: Net gains (losses) on investments and other financial instruments                 51,719,000 (42,476,000) 3,621,000
Total revenues                 51,719,000 (42,476,000) 3,621,000
Mortgage Insurance Segment                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Premiums Earned, Net                 1,134,214,000 1,006,721,000 932,773,000
Services Revenue, Net                 0 0 0
Net investment income (Note 6)                 171,116,000 152,102,000 127,248,000
Other income                 3,495,000 2,794,000 2,886,000
Add: Net gains (losses) on investments and other financial instruments                 0 0 0
Total revenues                 1,308,825,000 1,161,617,000 1,062,907,000
Interest expense                 56,310,000 43,685,000 45,016,000
Depreciation                 15,317,000 15,229,000 13,315,000
Allocation of corporate operating expenses (1)                 104,078,000 [1] 80,134,000 [2] 55,441,000 [3]
Mortgage Insurance Segment | Depreciation Expense                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Allocation of corporate operating expenses (1)                 1,600,000 500,000 200,000
Mortgage and Real Estate Services Segment                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Premiums Earned, Net                 11,135,000 7,286,000 0
Services Revenue, Net                 158,629,000 148,217,000 161,833,000
Net investment income (Note 6)                 680,000 373,000 0
Other income                 0 1,234,000 0
Add: Net gains (losses) on investments and other financial instruments                 0 0 0
Total revenues                 170,444,000 157,110,000 161,833,000
Interest expense                 0 17,805,000 17,745,000
Depreciation                 3,684,000 3,563,000 3,758,000
Allocation of corporate operating expenses (1)                 16,943,000 [1] 11,974,000 [2] 14,319,000 [3]
Bad debt expense                 0    
Accounts Receivable, after Allowance for Credit Loss 10,773,000 [4]       15,461,000       10,773,000 [4] 15,461,000  
Unbilled Contracts Receivable 13,772,000 [4]       19,917,000       13,772,000 [4] 19,917,000  
Deferred Revenue 1,784,000 [4]       $ 3,204,000       1,784,000 [4] 3,204,000  
Mortgage and Real Estate Services Segment | Held-for-sale                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Accounts Receivable, after Allowance for Credit Loss 10,500,000               10,500,000    
Unbilled Contracts Receivable $ 3,900,000               3,900,000    
Mortgage and Real Estate Services Segment | Mortgage Services                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Services Revenue, Net [5]                 74,007,000 76,050,000 77,121,000
Mortgage and Real Estate Services Segment | Mortgage Services | Clayton Services LLC                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Services Revenue, Net [5]                 48,400,000 50,800,000 46,100,000
Mortgage and Real Estate Services Segment | Real Estate Services                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Services Revenue, Net                 64,945,000 60,059,000 54,649,000
Mortgage and Real Estate Services Segment | Title Services                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Services Revenue, Net                 15,644,000 8,863,000 23,333,000
Mortgage and Real Estate Services Segment | Depreciation Expense                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Allocation of corporate operating expenses (1)                 $ 200,000 $ 100,000 $ 100,000
[1]
Includes additional depreciation expense of $1.6 million, $0.2 million and $1.8 million allocated to Mortgage Insurance, Services and Reportable Segment Total, respectively.
[2]
Includes additional depreciation expense of $0.5 million, $0.1 million and $0.6 million allocated to Mortgage Insurance, Services and Reportable Segment Total, respectively.
[3]
Includes additional depreciation expense of $0.2 million, $0.1 million and $0.3 million allocated to Mortgage Insurance, Services and Reportable Segment Total, respectively.
[4]
Excludes $10.5 million and $3.9 million of accounts receivable and unbilled receivables, respectively, that are related to Clayton and classified as held-for-sale.
[5]
Includes $48.4 million, $50.8 million and $46.1 million for the years ended December 31, 2019, 2018 and 2017, respectively, related to Clayton, which was sold in January 2020.