Schedule I: Summary of Investments—Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2022

Schedule I Summary of Investments [Abstract]

Schedule I: Summary of Investments—Other Than Investments in Related Parties

Schedule I
Summary of Investments—Other Than Investments in Related Parties
December 31, 2022

(In thousands)	Amortized Cost		Fair Value			Amount Reflected on the Consolidated Balance Sheet
Type of Investment
Fixed-maturities available for sale
Bonds
U.S. government and agency securities	$	174,138	$	145,442		$	145,442
State and municipal obligations	164,325		142,386			142,386
Corporate bonds and notes	2,886,905		2,537,771			2,537,771
RMBS	1,025,795		928,399			928,399
CMBS	645,890		593,357			593,357
CLO	518,677		498,192			498,192
Other ABS	168,033		161,359			161,359
Foreign government and agency securities	5,118		4,975			4,975
Mortgage insurance-linked notes (1)	54,578		53,019			53,019
Total securities available for sale	5,643,459		5,064,900		(2)	5,064,900		(2)
Trading securities	122,472		115,665			115,665
Equity securities
Common stocks
Industrial, miscellaneous and all other	230,525		213,519			213,519
Total equity securities	230,525		213,519		(3)	213,519		(3)
Mortgage loans held for sale	3,498		3,549			3,549
Other invested assets	5,336		5,511			5,511
Short-term investments (4)	402,552		402,486		(5)	402,486		(5)
Total investments other than investments in related parties	$	6,407,842	$	5,805,630		$	5,805,630

(1)Includes mortgage insurance-linked notes purchased by Radian Group in connection with the Excess-of-Loss Program. See Note 8 of Notes to Consolidated Financial Statements for more information about our reinsurance programs.

(2)Includes $47.2 million of fixed-maturity securities available for sale loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.

(3)Includes $64.6 million of equity securities loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.

(4)Includes cash collateral held under securities lending agreements of $99.7 million that is reinvested in money market instruments.

(5)Includes $0.4 million of short-term investments loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.