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Share-Based Compensation and Other Benefit Programs (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Cost Recognized he following table summarizes the compensation cost recognized and additional information regarding all share-based awards for the years indicated.
Share-based compensation expense
 Years Ended December 31,
(In thousands)202320222021
Compensation cost recognized (1)
RSUs$40,567 $37,465 $27,803 
ESPP and other562 596 560 
Total compensation cost recognized41,129 38,061 28,363 
Income tax benefit related to share-based compensation expense9,434 7,524 7,168 
Share-based compensation expense, net$31,695 $30,537 $21,195 
(1)Compensation cost is generally recognized over the periods that an employee provides service in exchange for the award. For purposes of calculating compensation cost recognized for retirement eligible grantees, we consider the service condition to be met (and recognize the full compensation costs) as of the date when a grantee becomes retirement eligible.
Schedule of RSUs Equity-Settled
Information with regard to RSUs to be settled in stock for the periods indicated is as follows.
Rollforward of RSUs
Performance-BasedTime-Vested
Number of
Shares		Weighted-Average
Grant Date
Fair Value		Number of
Shares		Weighted-Average
Grant Date
Fair Value
Outstanding, December 31, 2022 (1)
2,362,401 $17.59 1,891,800 $16.16 
Granted (2)
911,550 23.05 551,093 25.13 
Performance adjustment (3)
814,529 — — — 
Vested (4)
(1,083,080)15.90 (647,038)18.20 
Forfeited(34,526)20.94 (9,240)22.43 
Outstanding, December 31, 2023 (1)
2,970,874 $18.28 1,786,615 $18.16 
(1)Outstanding RSUs represent shares that have not yet been issued because not all conditions necessary to earn the right to benefit from the instruments have been satisfied. For performance-based awards, the final number of RSUs distributed depends on: (i) the cumulative growth in Radian’s book value per share adjusted for certain defined items over the respective three-year performance period and for the performance-based RSUs granted in 2023 also include a modifier based on a comparison of our total shareholder return to the total shareholder return of certain of our peers and (ii) with the exception of certain retirement-eligible employees, continued service through the vesting date, which could result in changes in the number of vested RSUs.
(2)For performance-based RSUs, amount represents the number of target shares at grant date.
(3)For performance-based RSUs, amount represents the difference between the number of shares vested at settlement, which can range from 0 to 200% of target depending on results over the applicable performance periods, and the number of target shares at the grant date.
(4)Represents amounts vested during the year, including the impact of performance adjustments for performance-based awards.
Schedule of Information with Regard to Stock Options
Information with regard to stock options for the periods indicated is as follows.
Rollforward of non-qualified stock options
($ in thousands, except per-share amounts)Number of
Shares		Weighted
Average
Exercise Price
Per Share		Weighted
Average
Remaining Contractual Term
Aggregate Intrinsic Value (1)
Outstanding, December 31, 2022371,405 $14.78 
Granted— — 
Exercised(136,900)14.46 
Forfeited— — 
Expired— — 
Outstanding, December 31, 2023234,505 $14.97 1.6 years$3,184 
Exercisable, December 31, 2023234,505 $14.97 1.6 years$3,184 
(1)Based on the market price of $28.55 at December 31, 2023.
Schedule of Information of Exercised Stock Options
The following table summarizes additional information concerning stock option activity for the periods indicated.
Additional information
Years Ended December 31,
(In thousands)202320222021
Aggregate intrinsic value of options exercised$1,273 $2,926 $3,354 
Tax benefit of options exercised267 614 704 
Cash received from options exercised1,755 1,341 1,382