XML 41 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
Schedule I: Summary of Investments—Other Than Investments in Related Parties
 12 Months Ended
Dec. 31, 2024
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, 2024

 

 

(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

 

$

160,509

 

 

$

128,332

 

 

 

$

128,332

 

 

State and municipal obligations

 

 

167,114

 

 

 

148,891

 

 

 

 

148,891

 

 

Corporate bonds and notes

 

 

2,878,705

 

 

 

2,606,431

 

 

 

 

2,606,431

 

 

RMBS

 

 

1,104,721

 

 

 

1,011,630

 

 

 

 

1,011,630

 

 

CMBS

 

 

438,139

 

 

 

411,999

 

 

 

 

411,999

 

 

CLO

 

 

411,328

 

 

 

411,462

 

 

 

 

411,462

 

 

Other ABS

 

 

442,620

 

 

 

438,871

 

 

 

 

438,871

 

 

Mortgage insurance-linked notes (1)

 

 

45,447

 

 

 

47,156

 

 

 

 

47,156

 

 

Total securities available for sale

 

 

5,648,583

 

 

 

5,204,772

 

(2)

 

 

5,204,772

 

(2)

Fixed maturities trading securities

 

 

89,479

 

 

 

82,652

 

 

 

 

82,652

 

 

Equity securities

 

 

 

 

 

 

 

 

 

 

 

Common stocks

 

 

 

 

 

 

 

 

 

 

 

Industrial, miscellaneous and all other

 

 

153,470

 

 

 

146,994

 

 

 

 

146,994

 

 

Total equity securities

 

 

153,470

 

 

 

146,994

 

(3)

 

 

146,994

 

(3)

Residential mortgage loans held for sale

 

 

525,672

 

 

 

519,885

 

 

 

 

519,885

 

 

Other invested assets

 

 

7,796

 

 

 

7,942

 

 

 

 

7,942

 

 

Short-term investments (4)

 

 

522,073

 

 

 

522,112

 

(5)

 

 

522,112

 

(5)

Total investments other than investments in related parties

 

$

6,947,073

 

 

$

6,484,357

 

 

 

$

6,484,357

 

 

 

(1)
Includes mortgage insurance-linked notes purchased by Radian Group in connection with the XOL Program. See Note 8 of Notes to Consolidated Financial Statements for more information about our reinsurance programs.
(2)
Includes $130 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 $9 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 $126 million that is reinvested in money market instruments.
(5)
Includes $464 thousand of short-term investments loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.