Other Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Other Assets and Liabilities [Abstract]

Schedule of Other Assets

The following table shows the components of other assets as of the dates indicated.

Other assets
	December 31,
(In thousands)	2024		2023
Loaned securities (Notes 5 and 6)	$	139,121	$	203,693
Company-owned life insurance (1)		110,968		106,417
Prepaid reinsurance premiums (2)		72,472		100,443
Other		53,370		49,252
Total other assets	$	375,931	$	459,805

(1)We are the beneficiary of insurance policies on the lives of certain of our current and past officers and employees. The balances reported in other assets reflect the amounts that could be realized upon surrender of the insurance policies as of each respective date.

(2)Relates primarily to our Single Premium QSR Program.

Schedule of Other Liabilities

The following table shows the components of other liabilities as of the dates indicated.

Other liabilities
	December 31,
(In thousands)	2024		2023
Amount payable under securities lending agreements (1)	$	125,723	$	149,364
Reinsurance funds withheld (2)		121,983		130,564
Accrued compensation		55,971		47,771
Lease liability (Note 13)		37,442		44,693
Current federal income taxes		23,290		20,761
Deferred ceding commission		14,437		19,962
Other		52,710		60,648
Total other liabilities	$	431,556	$	473,763

(1)Represents the obligation to return cash collateral under our securities lending agreements. See Note 6 for additional information.

(2)Represents ceded premiums written held by Radian Guaranty to collateralize our reinsurers’ obligations primarily related to our Single Premium QSR Program. See Note 2 for additional information.