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Note 8 - Reinsurance (Tables)
 9 Months Ended
Sep. 30, 2020
Reinsurance Disclosures [Abstract]  
Reinsurance, Net Premiums Written and Earned [Table Text Block]
The effect of all of our reinsurance programs on our net income is as follows:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(In thousands)2020201920202019
Net premiums written:
Direct$269,240 $287,000 $820,267 $828,022 
Assumed (1)
2,942 2,608 9,585 7,528 
Ceded (2)
(9,789)(15,455)(72,912)(39,900)
Net premiums written$262,393 $274,153 $756,940 $795,650 
Net premiums earned:
Direct$328,728 $305,493 $945,287 $919,507 (3)
Assumed (1)
2,946 2,614 9,599 7,545 
Ceded (2)
(45,203)(26,922)(141,705)(83,189)(3)
Net premiums earned$286,471 $281,185 $813,181 $843,863 (3)
Ceding commissions earned (4)
$17,038 $12,153 $40,457 $37,191 (3)
Ceded losses10,189 771 51,786 4,326 
______________________
(1)Includes premiums earned from our participation in certain credit risk transfer programs.
(2)Net of profit commission, which is impacted by the level of ceded losses recoverable, if any, on reinsurance transactions. See Note 11 for additional information on our reserve for losses and reinsurance recoverables.
(3)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 4 for further information.
(4)Deferred ceding commissions of $59.2 million and $77.8 million are included in other liabilities on our condensed consolidated balance sheets at September 30, 2020 and 2019, respectively.
Schedule of Single Premium Quota Share Reinsurance Program Details [Table Text Block]
The following table sets forth additional details regarding the Single Premium QSR Program:
(In millions)2020 Single Premium
QSR Agreement		2018 Single Premium
QSR Agreement		2016 Single Premium
QSR Agreement
NIW Policy DatesJan 1, 2020-Dec 31, 2021Jan 1, 2018-Dec 31, 2019Jan 1, 2012-Dec 31, 2017
Effective DateJanuary 1, 2020January 1, 2018January 1, 2016
Scheduled Termination DateDecember 31, 2031December 31, 2029December 31, 2027
Optional Termination DateJanuary 1, 2024January 1, 2022January 1, 2020
Quota Share %65%65%
20% - 65%
(1)
Ceding Commission %25%25%25%
Profit Commission %
Up to 56%
Up to 56%
Up to 55%
As of September 30, 2020
RIF Ceded$1,331 $2,352 $3,676 
As of December 31, 2019
RIF Ceded$— $3,231 $5,351 
______________________
(1)Effective December 31, 2017, we amended the 2016 Single Premium QSR Agreement to increase the amount of ceded risk on performing loans under the agreement from 35% to 65% for the 2015 through 2017 vintages. Loans included in the 2012 through 2014 vintages, and any other loans subject to the agreement that were delinquent at the time of the amendment, were unaffected by the change and therefore the amount of ceded risk for those loans continues to range from 20% to 35%.
Schedule of Collateralized Reinsurance Agreements [Table Text Block]
The following table sets forth additional details regarding the Excess-of-Loss Program as of September 30, 2020:
(In millions)Eagle Re 2020-1 Ltd.Eagle Re 2019-1 Ltd.Eagle Re 2018-1 Ltd.
IssuedFebruary 2020April 2019November 2018
NIW Policy DatesJan 1, 2019-Sep 30, 2019Jan 1, 2018-Dec 31, 2018Jan 1, 2017-Dec 31, 2017
Initial RIF$9,866 $10,705 $9,109 
Initial Coverage488 562 434 (1)
Initial First Layer Retention202 268 205 
As of September 30, 2020
RIF$7,155 $5,514 $4,742 
Remaining Coverage488 385 276 (1)
First Layer Retention202 266 202 
______________________
(1)Excludes a separate excess-of-loss reinsurance agreement entered into by Radian Guaranty that initially provided up to $21.4 million of coverage.
Schedule of VIE Assets [Table Text Block] The following table presents the total assets and liabilities of the Eagle Re Issuers as of the dates indicated.
Total VIE Assets and Liabilities (1)
(In thousands)September 30,
2020		December 31,
2019
Eagle Re 2020-1 Ltd.$488,385 $— 
Eagle Re 2019-1 Ltd.384,602  508,449 
Eagle Re 2018-1 Ltd.275,718  357,005 
Total$1,148,705  $865,454 
______________________
(1)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.