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Note 5 - Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The following tables include a list of assets that are measured at fair value by hierarchy level as of September 30, 2021 and December 31, 2020.
Assets carried at fair value by hierarchy level
September 30, 2021
(In thousands)Level ILevel IILevel IIITotal
Investments
Fixed-maturities available for sale
U.S. government and agency securities$225,540 $29,618 $— $255,158 
State and municipal obligations— 161,011 — 161,011 
Corporate bonds and notes— 2,936,922 — 2,936,922 
RMBS— 713,106 — 713,106 
CMBS— 706,641 — 706,641 
CLO— 559,320 — 559,320 
Other ABS— 195,019 — 195,019 
Foreign government and agency securities— 5,344 — 5,344 
Mortgage insurance-linked notes (1)
— 47,691 — 47,691 
Total fixed-maturities available for sale225,540 5,354,672 — 5,580,212 
Trading securities
State and municipal obligations— 99,329 — 99,329 
Corporate bonds and notes— 120,298 — 120,298 
RMBS— 10,147 — 10,147 
CMBS— 33,589 — 33,589 
Total trading securities— 263,363 — 263,363 
Equity securities185,214 8,284 — 193,498 
Short-term investments
U.S. government and agency securities84,823 — — 84,823 
State and municipal obligations— 12,470 — 12,470 
Money market instruments331,280 — — 331,280 
Corporate bonds and notes— 33,080 — 33,080 
CMBS— 4,748 — 4,748 
Other ABS— 28 — 28 
Other investments (2)
— 151,086 — 151,086 
Total short-term investments416,103 201,412 — 617,515 
Other invested assets (3)
— — 3,000 3,000 
Total investments at fair value (3)
826,857 5,827,731 3,000 6,657,588 
Other
Embedded derivatives (4)
— — 5,499 5,499 
Loaned securities (5)
U.S. government and agency securities19,830 — — 19,830 
Corporate bonds and notes— 86,480 — 86,480 
Equity securities28,748 — — 28,748 
Total assets at fair value (3)
$875,435 $5,914,211 $8,499 $6,798,145 
(1)Comprises the notes purchased by Radian Group in connection with the Excess-of-Loss Program. See Note 8 for more information about our reinsurance programs.
(2)Comprising short-term certificates of deposit and commercial paper.
(3)Does not include other invested assets of $0.9 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient.
(4)Embedded derivatives related to our Excess-of-Loss Program are classified as other assets in our consolidated balance sheets. See Note 8 for more information about our reinsurance programs.
(5)Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 6 for more information.
Assets carried at fair value by hierarchy level
December 31, 2020
(In thousands)Level ILevel IILevel IIITotal
Investments
Fixed-maturities available for sale
U.S. government and agency securities$140,034 $29,189 $— $169,223 
State and municipal obligations— 165,271 — 165,271 
Corporate bonds and notes— 3,047,189 — 3,047,189 
RMBS— 833,939 — 833,939 
CMBS— 681,265 — 681,265 
CLO— 568,558 — 568,558 
Other ABS— 252,457 — 252,457 
Foreign government and agency securities— 5,438 — 5,438 
Total fixed-maturities available for sale140,034 5,583,306 — 5,723,340 
Trading securities
State and municipal obligations— 120,449 — 120,449 
Corporate bonds and notes— 123,142 — 123,142 
RMBS— 13,000 — 13,000 
CMBS— 34,294 — 34,294 
Total trading securities— 290,885 — 290,885 
Equity securities142,761 8,479 — 151,240 
Short-term investments
State and municipal obligations— 21,819 — 21,819 
Money market instruments268,900 — — 268,900 
Corporate bonds and notes— 30,495 — 30,495 
Other ABS— 219 — 219 
Other investments (1)
— 296,571 — 296,571 
Total short-term investments268,900 349,104 — 618,004 
Other invested assets (2)
— — 3,000 3,000 
Total investments at fair value (2)
551,695 6,231,774 3,000 6,786,469 
Other
Embedded derivatives (3)
— — 5,513 5,513 
Loaned securities (4)
U.S. government and agency securities4,876 — — 4,876 
Corporate bonds and notes— 31,324 — 31,324 
Equity securities21,299 — — 21,299 
Total assets at fair value (2)
$577,870 $6,263,098 $8,513 $6,849,481 
(1)Comprising short-term certificates of deposit and commercial paper.
(2)Does not include other invested assets of $2.0 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient.
(3)Embedded derivatives related to our Excess-of-Loss Program are classified as other assets in our consolidated balance sheets. See Note 8 for more information about our reinsurance programs.
(4)Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 6 for more information.
Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying value and estimated fair value of other selected liabilities not carried at fair value in our condensed consolidated balance sheets were as follows as of the dates indicated.
Financial liabilities not carried at fair value
September 30, 2021December 31, 2020
(In thousands)Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value
Senior notes$1,408,502 $1,556,285 $1,405,674 $1,563,503 
FHLB advances172,649 174,551 176,483 179,578