Other Assets and Liabilities

3 Months Ended

Mar. 31, 2025

Other Assets and Liabilities [Abstract]

Other Assets and Liabilities

9. Other Assets and Liabilities

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

Other assets
(In thousands)	March 31, 2025		December 31, 2024
Loaned securities (Notes 5 and 6)	$	154,891	$	139,121
Company-owned life insurance (1)		110,552		110,968
Prepaid reinsurance premiums (2)		66,860		72,472
Other		49,543		53,370
Total other assets	$	381,846	$	375,931

(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.

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

Other liabilities
(In thousands)	March 31, 2025		December 31, 2024
Amount payable under securities lending agreements (1)	$	136,108	$	125,723
Reinsurance funds withheld (2)		125,138		121,983
Lease liability		35,567		37,442
Accrued compensation		26,112		55,971
Payable for securities		25,223		—
Current federal income taxes		25,173		23,290
Deferred ceding commission		13,303		14,437
Other		55,564		52,710
Total other liabilities	$	442,188	$	431,556

(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 8 for additional information.