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Reinsurance - QSR Program (Details) - Radian Guaranty - USD ($)
$ in Millions
Jul. 01, 2024
Jul. 01, 2023
Jul. 01, 2022
Jan. 01, 2020
Jan. 01, 2018
Jan. 01, 2016
Mar. 31, 2025
Dec. 31, 2024
2024 QSR Agreement                
Ceded Credit Risk [Line Items]                
NIW policy dates Jul 1, 2024-Jun 30, 2025              
Effective date Jul. 01, 2024              
Scheduled termination date Jun. 30, 2035              
Optional termination date [1] Jul. 01, 2028              
Ceding commission % 20.00%              
RIF ceded             $ 1,621 $ 2,181
2024 QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share % 25.00%              
2023 QSR Agreement                
Ceded Credit Risk [Line Items]                
NIW policy dates   Jul 1, 2023-Jun 30, 2024            
Effective date   Jul. 01, 2023            
Scheduled termination date   Jun. 30, 2034            
Optional termination date [1]   Jul. 01, 2027            
Ceding commission %   20.00%            
RIF ceded             2,518 2,453
2023 QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share %   22.50%            
2022 QSR Agreement                
Ceded Credit Risk [Line Items]                
NIW policy dates     Jan 1, 2022-Jun 30, 2023          
Effective date     Jul. 01, 2022          
Scheduled termination date     Jun. 30, 2033          
Optional termination date [1]     Jul. 01, 2026          
Ceding commission %     20.00%          
RIF ceded             4,059 3,954
2022 QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share %     20.00%          
2020 Single Premium QSR Agreement                
Ceded Credit Risk [Line Items]                
NIW policy dates       Jan 1, 2020-Dec 31, 2021        
Effective date       Jan. 01, 2020        
Scheduled termination date       Dec. 31, 2031        
Optional termination date [1]       Jan. 01, 2024        
Ceding commission %       25.00%        
RIF ceded             1,525 1,487
2020 Single Premium QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share %       65.00%        
2018 Single Premium QSR Agreement                
Ceded Credit Risk [Line Items]                
NIW policy dates         Jan 1, 2018-Dec 31, 2019      
Effective date         Jan. 01, 2018      
Scheduled termination date         Dec. 31, 2029      
Optional termination date [1]         Jan. 01, 2022      
Ceding commission %         25.00%      
RIF ceded             661 646
2018 Single Premium QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share %         65.00%      
2016 Single Premium QSR Agreement                
Ceded Credit Risk [Line Items]                
NIW policy dates           Jan 1, 2012-Dec 31, 2017    
Effective date           Jan. 01, 2016    
Scheduled termination date           Dec. 31, 2027    
Optional termination date [1]           Jan. 01, 2020    
Ceding commission %           25.00%    
RIF ceded             $ 873 $ 853
Minimum | 2016 Single Premium QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share %           18.00%    
Maximum | 2024 QSR Agreement                
Ceded Credit Risk [Line Items]                
Profit commission % 59.00%              
Maximum | 2023 QSR Agreement                
Ceded Credit Risk [Line Items]                
Profit commission %   55.00%            
Maximum | 2022 QSR Agreement                
Ceded Credit Risk [Line Items]                
Profit commission %     59.00%          
Maximum | 2020 Single Premium QSR Agreement                
Ceded Credit Risk [Line Items]                
Profit commission %       56.00%        
Maximum | 2018 Single Premium QSR Agreement                
Ceded Credit Risk [Line Items]                
Profit commission %         56.00%      
Maximum | 2016 Single Premium QSR Agreement                
Ceded Credit Risk [Line Items]                
Profit commission %           55.00%    
Maximum | 2016 Single Premium QSR Agreement | Revenue Benchmark | Product Concentration Risk                
Ceded Credit Risk [Line Items]                
Quota share %           57.00%    
[1] Radian Guaranty has the option, based on certain conditions and subject to a termination fee, to terminate any of the agreements at the end of any calendar quarter on or after the applicable optional termination date. If Radian Guaranty exercises this option in the future, it would result in Radian Guaranty reassuming the related RIF in exchange for a net payment to the reinsurers calculated in accordance with the terms of the applicable agreement. Radian Guaranty also may terminate any of the agreements prior to the scheduled termination date under certain circumstances, including if one or both of the GSEs no longer grant full PMIERs credit for the reinsurance.