XML 74 R60.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Reinsurance - Narrative (Details)
$ in Millions
6 Months Ended
Jul. 01, 2023
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Radian Guaranty      
Ceded Credit Risk [Line Items]      
Funds held under reinsurance agreements, asset   $ 283 $ 274
Mortgage Insurance revenues      
Ceded Credit Risk [Line Items]      
Direct primary mortgage insurance risk in force   $ 71,100 $ 69,700
2023 QSR Agreement | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Ceding commission % 20.00%    
2024 QSR Agreement      
Ceded Credit Risk [Line Items]      
Percentage of policies ceded to reinsurer (in percent)   0.25  
Risk In Force   $ 4,300  
2024 QSR Agreement | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Ceding commission %   20.00%  
Excess-of-Loss Program | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Percent of reinsurance coverage threshold (in percent)   0.10  
Maximum | Mortgage Insurance revenues | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Reinsurance retention policy, term of coverage, period   12 years 6 months  
Maximum | 2023 QSR Agreement      
Ceded Credit Risk [Line Items]      
Direct primary mortgage insurance risk in force $ 3,000    
Maximum | 2023 QSR Agreement | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Profit commission % 55.00%    
Maximum | 2024 QSR Agreement | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Profit commission %   59.00%  
Maximum | Excess-of-Loss Program | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Right to termination on or after option call date, period after issuance of insurance-linked notes   7 years  
Minimum | Mortgage Insurance revenues | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Reinsurance retention policy, term of coverage, period   10 years  
Minimum | Excess-of-Loss Program | Radian Guaranty      
Ceded Credit Risk [Line Items]      
Right to termination on or after option call date, period after issuance of insurance-linked notes   5 years