Radian (RDN) 10-Q 6 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Document Information [Line Items]
Document Transition Report	false
Document Quarterly Report	true
Title of 12(b) Security	Common Stock, $0.001 par value per share
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	Radian Group Inc
City Area Code	215
Local Phone Number	231-1000
Entity Central Index Key	0000890926
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Entity File Number	1-11356
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		203,280,541
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Tax Identification Number	23-2691170
Entity Address, Address Line One	1500 Market Street
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19102
Trading Symbol	RDN
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) Statement - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Fixed-maturities available for sale—at fair value (amortized cost $4,003,367 and $4,098,962)	$ 4,113,650	$ 4,021,575
Trading securities—at fair value (amortized cost of $319,021 and $468,696)	337,017	469,071
Equity securities—at fair value (cost of $148,635 and $139,377)	149,954	130,565
Short-term investments—at fair value (includes $20,862 and $11,699 of reinvested cash collateral held under securities lending agreements)	909,880	528,403
Other invested assets—at fair value	2,818	3,415
Total investments	5,513,319	5,153,029
Cash	74,111	95,393
Restricted cash	5,007	11,609
Accounts and notes receivable	122,104	78,652
Deferred income taxes, net (Note 9)	6,872	131,643
Goodwill and other acquired intangible assets, net (Note 6)	54,672	58,998
Prepaid reinsurance premium	385,805	417,628
Other assets (Note 8)	430,236	367,700
Total assets	6,592,126	6,314,652
Liabilities and Stockholders’ Equity
Unearned premiums	666,354	739,357
Reserve for losses and loss adjustment expense (Note 10)	405,278	401,361
Senior notes (Note 11)	982,890	1,030,348
FHLB advances (Note 11)	106,382	82,532
Reinsurance funds withheld	339,641	321,212
Other liabilities	308,337	251,127
Total liabilities	2,808,882	2,825,937
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2019 and December 31, 2018; 223,312 and 231,132 shares issued at June 30, 2019 and December 31, 2018, respectively; 205,399 and 213,473 shares outstanding at June 30, 2019 and December 31, 2018, respectively	223	231
Treasury stock, at cost: 17,913 and 17,660 shares at June 30, 2019 and December 31, 2018, respectively	(901,419)	(894,870)
Additional paid-in capital	2,539,803	2,724,733
Retained earnings	2,056,175	1,719,541
Accumulated other comprehensive income (loss) (Note 14)	88,462	(60,920)
Total stockholders’ equity	3,783,244	3,488,715
Total liabilities and stockholders’ equity	$ 6,592,126	$ 6,314,652

Balance Sheet Parenthetical (Pa

Balance Sheet Parenthetical (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fixed-maturities available for sale—at amortized cost	$ 4,003,367	$ 4,098,962
Debt Securities, Trading, Amortized Cost	319,021	468,696
Available-for-sale Equity Securities, Amortized Cost Basis	148,635	139,377
Reinvested cash collateral held under securities lending agreements	$ 20,862	$ 11,699
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	485,000	485,000
Common Stock, Shares, Issued	223,312	231,132
Common Stock, Shares, Outstanding	205,399	213,473
Treasury Stock, Shares	17,913	17,660

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018
Revenues:
Net premiums earned—insurance	$ 299,166	[1]	$ 251,344	$ 562,678	[1]	$ 493,894
Services revenue	39,303		36,828	72,056		69,992
Net investment income	43,761		37,473	87,608		71,429
Net gains (losses) on investments and other financial instruments	12,540		(7,404)	34,453		(26,291)
Other income	194		1,016	1,798		1,823
Total revenues	394,964		319,257	758,593		610,847
Expenses:
Provision for losses	47,427		19,337	68,181		56,620
Policy acquisition costs	6,203		5,996	12,096		13,113
Cost of services	27,845		24,205	52,002		47,331
Other operating expenses	70,046		70,184	148,851		133,427
Restructuring and other exit costs (Note 1)	0		925	0		1,476
Interest expense	14,961		15,291	30,658		30,371
Loss on extinguishment of debt	16,798		0	16,798		0
Amortization and impairment of other acquired intangible assets	2,139		2,748	4,326		5,496
Total expenses	185,419		138,686	332,912		287,834
Consolidated pretax income (loss)	209,545		180,571	425,681		323,013
Income tax provision (benefit)	42,815		(28,378)	87,994		(422)
Net income	$ 166,730		$ 208,949	$ 337,687		$ 323,435
Earnings Per Share, Basic [Abstract]
Basic net income (loss) per share	$ 0.80		$ 0.98	$ 1.60		$ 1.50
Earnings Per Share, Diluted [Abstract]
Diluted net income (loss) per share	$ 0.78		$ 0.96	$ 1.56		$ 1.48
Weighted-average number of common shares outstanding—basic	208,097		213,976	211,264		215,049
Weighted-average number of common and common equivalent shares outstanding—diluted	213,603		217,830	216,500		218,741
[1]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income	$ 166,730	$ 208,949	$ 337,687	$ 323,435
Unrealized gains (losses) on investments:
Unrealized holding gains (losses) arising during the period	72,000	(27,804)	150,023	(88,447)
Less: Reclassification adjustment for net gains (losses) included in net income	1,029	(1,336)	638	(4,468)
Net unrealized gains (losses) on investments	70,971	(26,468)	149,385	(83,979)
Foreign Currency Translation Adjustments
Net foreign currency translation adjustments	(3)	0	(3)	3
Other comprehensive income (loss), net of tax	70,968	(26,468)	149,382	(83,976)
Comprehensive income	$ 237,698	$ 182,481	$ 487,069	$ 239,459

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Common Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Parent	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adopting accounting standard update						$ (663)	$ 2,948
Balance, beginning of period at Dec. 31, 2017			$ 233	$ (893,888)	$ 2,754,275	1,116,333	23,085
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under incentive and benefit plans			1
Shares repurchased under share repurchase program (Note 13)			(3)		(50,050)
Repurchases of common stock under incentive plans				(722)
Issuance of common stock under incentive and benefit plans					1,579
Share-based compensation					9,622
Net income	$ 323,435					323,435
Dividends declared						(1,073)
Net unrealized gains (losses) on investments, net of tax	(83,979)						(83,979)
Net foreign currency translation adjustment, net of tax	3						3
Balance, end of period at Jun. 30, 2018		$ 3,201,136	231	(894,610)	2,715,426	1,438,032	(57,943)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adopting accounting standard update						0	0
Balance, beginning of period at Mar. 31, 2018			233	(894,191)	2,748,233	1,229,616	(31,475)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under incentive and benefit plans			1
Shares repurchased under share repurchase program (Note 13)			(3)		(40,047)
Repurchases of common stock under incentive plans				(419)
Issuance of common stock under incentive and benefit plans					146
Share-based compensation					7,094
Net income	208,949					208,949
Dividends declared						(533)
Net unrealized gains (losses) on investments, net of tax	(26,468)						(26,468)
Net foreign currency translation adjustment, net of tax	0						0
Balance, end of period at Jun. 30, 2018		3,201,136	231	(894,610)	2,715,426	1,438,032	(57,943)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adopting accounting standard update						0	0
Balance, beginning of period at Dec. 31, 2018	3,488,715		231	(894,870)	2,724,733	1,719,541	(60,920)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under incentive and benefit plans			1
Shares repurchased under share repurchase program (Note 13)			(9)		(197,638)
Repurchases of common stock under incentive plans				(6,549)
Issuance of common stock under incentive and benefit plans					2,758
Share-based compensation					9,950
Net income	337,687					337,687
Dividends declared						(1,053)
Net unrealized gains (losses) on investments, net of tax	149,385						149,385
Net foreign currency translation adjustment, net of tax	(3)						(3)
Balance, end of period at Jun. 30, 2019	3,783,244	3,783,244	223	(901,419)	2,539,803	2,056,175	88,462
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of adopting accounting standard update						0	0
Balance, beginning of period at Mar. 31, 2019			230	(895,321)	2,697,724	1,889,964	17,494
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under incentive and benefit plans			1
Shares repurchased under share repurchase program (Note 13)			(8)		(165,865)
Repurchases of common stock under incentive plans				(6,098)
Issuance of common stock under incentive and benefit plans					1,689
Share-based compensation					6,255
Net income	166,730					166,730
Dividends declared						(519)
Net unrealized gains (losses) on investments, net of tax	70,971						70,971
Net foreign currency translation adjustment, net of tax	(3)						(3)
Balance, end of period at Jun. 30, 2019	$ 3,783,244	$ 3,783,244	$ 223	$ (901,419)	$ 2,539,803	$ 2,056,175	$ 88,462

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Cash Provided by (Used in) Operating Activities	$ 338,129	$ 300,822
Cash flows from investing activities:
Proceeds from Sales of Fixed-Maturity Investments Available-for-sale	568,351	348,082
Proceeds from Sales of Trading Securities	111,713	16,639
Proceeds from Sales of Equity Securities	39,818	82,701
Proceeds from Redemption of Fixed-Maturity Investments Available for sale	184,464	219,825
Proceeds from Redemptions of Trading securities	35,852	33,849
Purchases of Fixed-Maturity Investments Available-for-sale	(665,882)	(807,204)
Purchases of Equity Securities	(31,853)	(52,357)
Sales, Redemptions and (Purchases) of Short-term Investments, Net	(372,540)	(205,566)
Sales, Redemptions and (Purchases) of Other assets and other invested assets, net	490	293
Purchases of property and equipment, net	(15,207)	(12,328)
Acquisitions, net of cash acquired	0	(634)
Net cash provided by (used in) investing activities	(144,794)	(376,700)
Cash flows from financing activities:
Dividends paid	(1,053)	(1,073)
Issuance of senior notes, net	442,937	0
Repayments and repurchases of senior notes	(508,017)	0
Issuance of common stock	1,268	810
Repurchases of common shares	(188,817)	(50,053)
Credit facility commitment fees paid	(471)	(405)
Change in secured borrowings, net (with terms less than 3 months)	11,563	119,631
Proceeds from secured borrowings (with terms greater than 3 months)	36,000	15,544
Payments of secured borrowings (with terms greater than 3 months)	(14,550)	0
Repayments of other borrowings	(75)	(94)
Net cash provided by (used in) financing activities	(221,215)	84,360
Effect of exchange rate changes on cash and restricted cash	(4)	(1)
Increase (decrease) in cash and restricted cash	(27,884)	8,481
Cash and restricted cash, beginning of period	107,002	96,244
Cash and restricted cash, end of period	$ 79,118	$ 104,725

Note 1 - Condensed Consolidated

Note 1 - Condensed Consolidated Financial Statements - Business Overview and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Condensed Consolidated Financial Statements—Business Overview and Significant Accounting Policies Business Overview We are a diversified mortgage and real estate services business, providing both credit-related insurance coverage and other credit risk management solutions, as well as a broad array of mortgage, real estate and title services. We have two reportable business segments—Mortgage Insurance and Services. Mortgage Insurance Our Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions, to mortgage lending institutions and mortgage credit investors. We provide our mortgage insurance products and services mainly through our wholly-owned subsidiary, Radian Guaranty. Private mortgage insurance plays an important role in the U.S. housing finance system because it promotes affordable home ownership and helps protect mortgage lenders, investors and other beneficiaries by mitigating default-related losses on residential mortgage loans. Generally, these loans are made to homebuyers who make down payments of less than 20% of the purchase price for their home or, in the case of refinancings, have less than 20% equity in their home. Private mortgage insurance also facilitates the sale of these low down payment loans in the secondary mortgage market, most of which are currently sold to the GSEs. Our total direct primary mortgage IIF and RIF were $230.8 billion and $59.1 billion , respectively, as of June 30, 2019 . Services Our Services segment is primarily a fee-for-service business that offers a broad array of services to market participants across the mortgage and real estate value chain. These services comprise mortgage services, real estate services and title services, including technology and turn-key solutions, that provide information and other resources used to originate, evaluate, acquire, securitize, service and monitor residential real estate and loans secured by residential real estate. These services are primarily provided to mortgage lenders, financial institutions, investors and government entities. In addition, we provide title insurance to mortgage lenders as well as directly to borrowers. Significant Accounting Policies Basis of Presentation Our condensed consolidated financial statements are prepared in accordance with GAAP and include the accounts of Radian Group Inc. and its subsidiaries. All intercompany accounts and transactions, and intercompany profits and losses, have been eliminated. We have condensed or omitted certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with GAAP pursuant to the instructions set forth in Article 10 of Regulation S-X of the SEC. We refer to Radian Group Inc. together with its consolidated subsidiaries as “Radian,” the “Company,” “we,” “us” or “our,” unless the context requires otherwise. We generally refer to Radian Group Inc. alone, without its consolidated subsidiaries, as “Radian Group.” Unless otherwise defined in this report, certain terms and acronyms used throughout this report are defined in the Glossary of Abbreviations and Acronyms included as part of this report. The financial information presented for interim periods is unaudited; however, such information reflects all adjustments that are, in the opinion of management, necessary for the fair statement of the financial position, results of operations, comprehensive income and cash flows for the interim periods presented. Such adjustments are of a normal recurring nature. The year-end condensed balance sheet data was derived from our audited financial statements, but does not include all disclosures required by GAAP. To fully understand the basis of presentation, these interim financial statements and related notes contained herein should be read in conjunction with the audited financial statements and notes thereto included in our 2018 Form 10-K. The results of operations for interim periods are not necessarily indicative of results to be expected for the full year or for any other period. Certain prior period amounts have been reclassified to conform to current period presentation. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of our contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. While the amounts included in our condensed consolidated financial statements include our best estimates and assumptions, actual results may vary materially. Other Significant Accounting Policies See Note 2 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for information regarding other significant accounting policies. There have been no significant changes in our significant accounting policies from those discussed in our 2018 Form 10-K, other than described below in “—Recent Accounting Pronouncements—Accounting Standards Adopted During 2019. ” Recent Accounting Pronouncements Accounting Standards Adopted During 2019 . We adopted ASU 2016-02, Leases, (“ASU 2016-02”) on January 1, 2019. Most significantly, this update requires a lessee to recognize, as of the lease commencement date, a liability to make lease payments and an asset with respect to its right to use the underlying asset for the lease term. Upon adoption for contracts in effect as of January 1, 2019, we recorded a lease liability of $73.5 million within other liabilities, and a right-of-use asset of $49.4 million within other assets, corresponding to the lease liability as adjusted for deferred rent and unamortized allowances and incentives of $24.1 million . We elected the optional transition method and the practical expedients for transitioning existing leases to the new standard as of the effective date. As a result of applying the practical expedients: (i) we did not reassess expired or existing contracts to determine if they contain additional leases; (ii) we did not reassess the lease classification for expired and existing leases; and (iii) we did not reassess initial direct costs for existing leases. Prior period amounts continue to be reported in accordance with our historic accounting under previous lease guidance. With respect to leases entered into subsequent to the adoption of this ASU, we determine if an arrangement includes a lease at inception. If it does, we recognize a right-of-use asset and lease liability in other assets and other liabilities, respectively, in our condensed consolidated balance sheet. Right-of-use assets represent our right to use an underlying asset for the lease term and are recognized net of any payments made or received from the lessor. Lease liabilities represent our obligation to make lease payments arising from the lease and are based on the present value of lease payments over the lease term. In determining the net present value of lease payments, we use our incremental borrowing rate based on the information available at the lease commencement date or as of our date of adoption, January 1, 2019. Lease expense is recognized on a straight-line basis over the expected lease term. For lease agreements entered into after the adoption of this ASU that include lease and non-lease components, such components are generally not accounted for separately. We have elected the short-term exemption for contracts with lease terms of 12 months or less. Our lease agreements primarily relate to operating leases for office space we use in our operations. Certain of our leases include renewal options and/or termination options that we did not consider in the determination of the right-of-use asset or the lease liability as we did not believe it was reasonably certain that we would exercise such options. Our lease agreements do not contain any variable lease payments, material residual value guarantees or material restrictive covenants. We do not have material sublease agreements. As of June 30, 2019, there were no leases that had not yet commenced but that created significant rights and obligations for us. See Note 12 for more information about our lease agreements. We adopted ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs, on January 1, 2019. The new standard requires certain premiums on purchased callable debt securities to be amortized to the earliest call date. The amortization period for callable debt securities purchased at a discount will not be impacted. The adoption of this update did not have a material effect on our financial statements and disclosures. Accounting Standards Not Yet Adopted. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses, and issued subsequent amendments to the initial guidance. This ASU and the associated subsequent amendments require that financial assets measured at their amortized cost basis be presented at the net amount expected to be collected. Credit losses relating to available-for-sale debt securities are to be recorded through an allowance for credit losses, rather than a write-down of the asset, with the amount of the allowance limited to the amount by which fair value is less than amortized cost. This update is effective for public companies for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. This update is not applicable to credit losses associated with our mortgage insurance policies. We are currently evaluating the scope and impact on our financial statements and future disclosures as a result of this update. In August 2018, the FASB issued ASU 2018-12, Financial Services-Insurance. The new standard: (i) requires that assumptions used to measure the liability for future policy benefits be reviewed at least annually; (ii) defines and simplifies the measurement of market risk benefits; (iii) simplifies the amortization of deferred acquisition costs; and (iv) enhances the required disclosures about long-duration contracts. This update is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the potential impact of the adoption of this update and do not expect it to have a material effect on our financial statements and disclosures. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software. This ASU requires the capitalization of implementation costs for activities performed in a cloud computing arrangement that is a service contract. The new standard aligns the accounting for implementation costs of hosting arrangements that are service contracts with the accounting for capitalizing internal-use software. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We are currently evaluating the potential impact of the adoption of this update and do not expect it to have a material effect on our financial statements and disclosures. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Derivatives and Hedging, and Financial Instruments. This update to the accounting standards regarding financial instruments and derivatives and hedging clarifies the accounting treatment for the measurement of credit losses and provides further clarification on previously issued updates. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are currently in the process of evaluating the new standard.

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding, while diluted net income per share is computed by dividing net income attributable to common stockholders by the sum of the weighted-average number of common shares outstanding and the weighted-average number of dilutive potential common shares. Dilutive potential common shares relate to our share-based compensation arrangements. The calculation of basic and diluted net income per share was as follows: Three Months Ended Six Months Ended (In thousands, except per-share amounts) 2019 2018 2019 2018 Net income—basic and diluted $ 166,730 $ 208,949 $ 337,687 $ 323,435 Average common shares outstanding—basic 208,097 213,976 211,264 215,049 Dilutive effect of share-based compensation arrangements (1) 5,506 3,854 5,236 3,692 Adjusted average common shares outstanding—diluted 213,603 217,830 216,500 218,741 Net income per share: Basic $ 0.80 $ 0.98 $ 1.60 $ 1.50 Diluted $ 0.78 $ 0.96 $ 1.56 $ 1.48 ______________________ (1) The following number of shares of our common stock equivalents issued under our share-based compensation arrangements were not included in the calculation of diluted net income per share because they were anti-dilutive: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Shares of common stock equivalents 168 484 168 351

Note 3 - Segment Reporting

Note 3 - Segment Reporting	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We have two strategic business units that we manage separately—Mortgage Insurance and Services. Adjusted pretax operating income (loss) for each segment represents segment results on a standalone basis; therefore, inter-segment eliminations and reclassifications required for consolidated GAAP presentation have not been reflected. Inter-segment activities are recorded at market rates for segment reporting and eliminated in consolidation. We allocate to our Mortgage Insurance segment: (i) corporate expenses based on the segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of time spent on the segment; (ii) except as described below for periods prior to January 1, 2019, all interest expense; and (iii) all net investment income from corporate cash and investments. Prior to January 1, 2019, interest expense related to the Clayton Intercompany Note was allocated to our Services segment. Effective January 1, 2019, Radian Group recapitalized the Services segment with a capital contribution that enabled the Services segment to repay the Clayton Intercompany Note and its accumulated allocated interest expense associated with the note, and effective as of the same date, all interest expense is allocated to our Mortgage Insurance segment. We allocate to our Services segment: (i) corporate expenses based on the segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of time spent on the segment and (ii) until January 1, 2019, the allocated interest expense related to the Clayton Intercompany Note as discussed above. With the exception of goodwill and other acquired intangible assets that relate to our Services segment, which are reviewed as part of our annual goodwill impairment assessment, we do not manage assets by segment. Adjusted Pretax Operating Income (Loss) Our senior management, including our Chief Executive Officer (Radian’s chief operating decision maker), uses adjusted pretax operating income (loss) as our primary measure to evaluate the fundamental financial performance of each of Radian’s business segments and to allocate resources to the segments. Adjusted pretax operating income (loss) is defined as pretax income (loss) excluding the effects of: (i) net gains (losses) on investments and other financial instruments; (ii) loss on extinguishment of debt; (iii) amortization and impairment of goodwill and other acquired intangible assets; and (iv) impairment of other long-lived assets and other non-operating items, such as losses from the sale of lines of business and acquisition-related expenses. See Note 4 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for detailed information regarding items excluded from adjusted pretax operating income (loss), including the reasons for their treatment. Although adjusted pretax operating income (loss) excludes certain items that have occurred in the past and are expected to occur in the future, the excluded items represent those that are: (i) not viewed as part of the operating performance of our primary activities or (ii) not expected to result in an economic impact equal to the amount reflected in pretax income (loss). The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income is as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Adjusted pretax operating income (loss): Mortgage Insurance $ 219,365 (1) $ 197,440 $ 427,535 (1) $ 369,151 Services (3,526 ) (6,431 ) (9,626 ) (14,039 ) Total adjusted pretax operating income 215,839 191,009 417,909 355,112 Net gains (losses) on investments and other financial instruments 12,540 (7,404 ) 34,453 (26,291 ) Loss on extinguishment of debt (16,798 ) — (16,798 ) — Amortization and impairment of other acquired intangible assets (2,139 ) (2,748 ) (4,326 ) (5,496 ) Impairment of other long-lived assets and other non-operating items 103 (286 ) (5,557 ) (312 ) Consolidated pretax income $ 209,545 $ 180,571 $ 425,681 $ 323,013 ______________________ (1) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described below. On a consolidated basis, “adjusted pretax operating income” is a measure not determined in accordance with GAAP. Total adjusted pretax operating income is not a measure of total profitability, and therefore should not be considered in isolation or viewed as a substitute for GAAP pretax income. Our definition of adjusted pretax operating income may not be comparable to similarly-named measures reported by other companies. Our results for the second quarter of 2019 include a $32.9 million increase in net premiums earned and a $0.12 increase in net income per share due to a reduction in our unearned premiums, resulting from a cumulative adjustment related to an update to the amortization rates used to recognize revenue for Single Premium Policies. The update to our earned premium recognition factors also resulted in a $6.2 million reduction in other operating expenses and a $0.02 increase in net income per share in the second quarter of 2019 due to the acceleration of earned ceding commissions related to policies covered under our Single Premium QSR Program. This cumulative adjustment reflects a change in our estimate of the period over which we recognize premiums during the life of our mortgage insurance policies. We periodically review our premium recognition models, with any adjustments to the estimate reflected in current period income. See Note 2 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information regarding our accounting policies for insurance premiums revenue recognition. We updated the amortization rates due to the continuing increase in the significance of borrower-paid Single Premium Policies in our portfolio following our rate reductions on borrower-paid Single Premium Policies in 2018. Under the Homeowners Protection Act of 1998 (“HPA”), borrower-paid policies must be canceled automatically on the date the LTV is scheduled to reach 78% of the original value (or, if the loan is not current on that date, on the date that the loan becomes current). As a result, given the shift in our mix of Single Premium Policies toward more borrower-paid Single Premium Policies than lender-paid, the average anticipated term of our Single Premium IIF is declining compared to historical levels. We updated our analysis to reflect not only this anticipated effect of HPA cancellations on borrower-paid policies, but also changes in observed and projected loss patterns for both borrower-paid and lender-paid policies. Revenue The reconciliation of our reportable segment revenues to consolidated revenues is as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Reportable segment revenues: Mortgage Insurance $ 340,520 (1) $ 287,036 $ 647,159 (1) $ 564,349 Services 42,981 40,510 79,028 74,676 Total reportable segment revenues 383,501 327,546 726,187 639,025 Add: Net gains (losses) on investments and other financial instruments 12,540 (7,404 ) 34,453 (26,291 ) Less: Inter-segment revenues (2) 1,077 885 2,047 1,887 Total revenues $ 394,964 $ 319,257 $ 758,593 $ 610,847 ______________________ (1) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described above. (2) Inter-segment revenues included in the Services segment. The accounting standard on revenue from contracts with customers is primarily applicable to our services revenue and is not applicable to our investments and insurance products, which represent the majority of our revenue. See Notes 1 and 2 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information regarding our accounting policies and the services we offer. The table below represents the disaggregation of services revenues from external customers, by type: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Services revenue Mortgage Services $ 17,220 $ 20,192 $ 32,313 $ 36,687 Real Estate Services 16,938 14,570 32,775 28,964 Title Services 5,145 2,066 6,968 4,341 Total services revenue $ 39,303 $ 36,828 $ 72,056 $ 69,992 Our services revenues are recognized over time and measured each period based on the progress to date as services are performed and made available to customers. Our contracts with customers, including payment terms, are generally short-term in nature; therefore, any impact related to timing is immaterial. Revenue expected to be recognized in any future period related to remaining performance obligations, such as contracts where revenue is recognized as invoiced and contracts with variable consideration related to undelivered performance obligations, is not material. Revenue recognized related to services made available to customers and billed is reflected in accounts and notes receivable. Revenue recognized related to services performed and not yet billed is recorded in unbilled receivables and reflected in other assets. Deferred revenue represents advance payments received from customers in advance of revenue recognition. We have no material bad-debt expense. The following represents balances related to services revenue contracts as of the dates indicated: (In thousands) June 30, December 31, 2018 Accounts Receivable $ 16,846 $ 15,461 Unbilled Receivables 21,725 19,917 Deferred Revenues 2,861 3,204

Note 4 - Fair Value of Financia

Note 4 - Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments For discussion of our valuation methodologies for assets and liabilities measured at fair value and the fair value hierarchy, see Note 5 of Notes to Consolidated Financial Statements in our 2018 Form 10-K. The following is a list of assets that are measured at fair value by hierarchy level as of June 30, 2019 : (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 49,929 $ 34,491 $ 84,420 State and municipal obligations — 107,962 107,962 Corporate bonds and notes — 2,249,315 2,249,315 RMBS — 433,773 433,773 CMBS — 571,923 571,923 Other ABS — 661,089 661,089 Foreign government and agency securities — 5,168 5,168 Total fixed-maturities available for sale 49,929 4,063,721 4,113,650 Trading securities: State and municipal obligations — 128,824 128,824 Corporate bonds and notes — 155,793 155,793 RMBS — 17,511 17,511 CMBS — 34,889 34,889 Total trading securities — 337,017 337,017 Equity securities 144,882 5,072 149,954 Short-term investments: U.S. government and agency securities 142,206 — 142,206 State and municipal obligations — 13,990 13,990 Money market instruments 262,466 — 262,466 Corporate bonds and notes — 89,910 89,910 Other investments (1) — 401,308 401,308 Total short-term investments 404,672 505,208 909,880 Total investments at fair value (2) 599,483 4,911,018 5,510,501 Other assets: Loaned securities: (3) U.S. government and agency securities 1,502 — 1,502 Corporate bonds and notes — 23,011 23,011 Equity securities 4,551 — 4,551 Total assets at fair value (2) $ 605,536 $ 4,934,029 $ 5,539,565 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $2.8 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient. (3) Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 5 for more information. The following is a list of assets that are measured at fair value by hierarchy level as of December 31, 2018 : (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 55,658 $ 28,412 $ 84,070 State and municipal obligations — 138,313 138,313 Corporate bonds and notes — 2,222,473 2,222,473 RMBS — 332,142 332,142 CMBS — 539,915 539,915 Other ABS — 704,662 704,662 Total fixed-maturities available for sale 55,658 3,965,917 4,021,575 Trading securities: State and municipal obligations — 168,359 168,359 Corporate bonds and notes — 228,152 228,152 RMBS — 21,082 21,082 CMBS — 51,478 51,478 Total trading securities — 469,071 469,071 Equity securities 126,607 3,958 130,565 Short-term investments: U.S. government and agency securities 133,657 — 133,657 State and municipal obligations — 18,070 18,070 Money market instruments 95,132 — 95,132 Corporate bonds and notes — 105,625 105,625 Other ABS — 806 806 Other investments (1) — 175,113 175,113 Total short-term investments 228,789 299,614 528,403 Total investments at fair value (2) 411,054 4,738,560 5,149,614 Other assets: Loaned securities: (3) U.S. government and agency securities 9,987 — 9,987 Corporate bonds and notes — 7,818 7,818 Equity securities 10,055 — 10,055 Total assets at fair value (2) $ 431,096 $ 4,746,378 $ 5,177,474 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $3.4 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient. (3) Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 5 for more information. At June 30, 2019 and December 31, 2018 , there were no material Level III assets measured at fair value and no Level III liabilities. There were no investment transfers to or from Level III for the three and six months ended June 30, 2019 or the year ended December 31, 2018 . Activity related to Level III assets and liabilities (including realized and unrealized gains and losses, purchases, sales, issuances, settlements and transfers) was immaterial for the three and six months ended June 30, 2019 and the year ended December 31, 2018 . Other Fair Value Disclosure The carrying value and estimated fair value of other selected liabilities not carried at fair value in our condensed consolidated balance sheets were as follows as of the dates indicated: June 30, 2019 December 31, 2018 (In thousands) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Liabilities: Senior notes $ 982,890 $ 1,016,661 $ 1,030,348 $ 1,007,687 FHLB advances 106,382 107,366 82,532 82,899 The fair value of our senior notes is estimated based on the quoted market prices for the same or similar instruments. The fair value of our FHLB advances is estimated based on expected cash flows for similar borrowings. These liabilities are categorized in Level II of the fair value hierarchy. See Note 11 for additional information on our senior notes and FHLB advances.

Note 5 - Investments

Note 5 - Investments	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
Investments	Investments Available for Sale Securities Our available for sale securities within our investment portfolio consisted of the following as of the dates indicated: June 30, 2019 (In thousands) Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses Fixed-maturities available for sale: U.S. government and agency securities $ 84,807 $ 85,922 $ 1,151 $ 36 State and municipal obligations 100,214 107,962 7,750 2 Corporate bonds and notes 2,192,119 2,272,269 81,488 1,338 RMBS 425,138 433,773 10,060 1,425 CMBS 557,353 571,923 15,302 732 Other ABS 661,898 661,089 2,166 2,975 Foreign government and agency securities 5,088 5,168 80 — Total securities available for sale, including loaned securities 4,026,617 4,138,106 $ 117,997 $ 6,508 Less: loaned securities 23,250 24,456 Total fixed-maturities available for sale $ 4,003,367 $ 4,113,650 December 31, 2018 (In thousands) Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses Fixed-maturities available for sale: U.S. government and agency securities $ 85,532 $ 84,070 $ 46 $ 1,508 State and municipal obligations 138,022 138,313 2,191 1,900 Corporate bonds and notes 2,288,720 2,229,885 5,053 63,888 RMBS 334,843 332,142 1,785 4,486 CMBS 546,729 539,915 544 7,358 Other ABS 712,748 704,662 814 8,900 Total securities available for sale, including loaned securities 4,106,594 4,028,987 $ 10,433 $ 88,040 Less: loaned securities 7,632 7,412 Total fixed-maturities available for sale $ 4,098,962 $ 4,021,575 Gross Unrealized Losses and Fair Value of Available for Sale Securities For securities deemed “available for sale” and that are in an unrealized loss position, the following tables show the gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated. Included in the amounts as of June 30, 2019 and December 31, 2018 are loaned securities under securities lending agreements that are classified as other assets in our condensed consolidated balance sheets, as further described below. June 30, 2019 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses U.S. government and agency securities — $ — $ — 4 $ 12,370 $ 36 4 $ 12,370 $ 36 State and municipal obligations 1 3,249 1 1 999 1 2 4,248 2 Corporate bonds and notes 19 82,685 586 27 102,857 752 46 185,542 1,338 RMBS 1 32 1 24 58,905 1,424 25 58,937 1,425 CMBS 16 33,267 555 10 6,751 177 26 40,018 732 Other ABS 42 198,836 1,188 44 167,724 1,787 86 366,560 2,975 Total 79 $ 318,069 $ 2,331 110 $ 349,606 $ 4,177 189 $ 667,675 $ 6,508 December 31, 2018 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses U.S. government and agency securities 2 $ 27,415 $ 796 8 $ 23,476 $ 712 10 $ 50,891 $ 1,508 State and municipal obligations 12 41,263 955 16 39,982 945 28 81,245 1,900 Corporate bonds and notes 330 1,208,430 36,284 126 601,533 27,604 456 1,809,963 63,888 RMBS 15 92,315 782 28 77,395 3,704 43 169,710 4,486 CMBS 62 328,696 3,973 33 125,728 3,385 95 454,424 7,358 Other ABS 129 503,109 7,917 26 89,628 983 155 592,737 8,900 Total 550 $ 2,201,228 $ 50,707 237 $ 957,742 $ 37,333 787 $ 3,158,970 $ 88,040 Although we held available for sale securities in an unrealized loss position as of June 30, 2019 , we did not consider those securities to be other-than-temporarily impaired as of such date. For all investment categories, the unrealized losses of 12 months or greater duration as of June 30, 2019 were generally caused by interest rate or credit spread movements since the purchase date, and as such, we expect to recover the amortized cost basis of these securities. As of June 30, 2019 , we did not have the intent to sell any available for sale securities in an unrealized loss position, and we determined that it is more likely than not that we will not be required to sell the securities before recovery of their cost basis, which may be at maturity; therefore, we did not consider these investments to be other-than-temporarily impaired at June 30, 2019 . Other-than-temporary Impairment Activity. To the extent we determine that a security is deemed to have had an other-than-temporary impairment, an impairment loss is recognized. We recognized no other-than-temporary impairment losses in earnings during the six months ended June 30, 2019 and $0.8 million of other-than-temporary impairment losses in earnings for the six months ended June 30, 2018 . There were no other-than-temporary impairment losses recognized in accumulated other comprehensive income (loss) for those periods. Securities Lending Agreements We participate in a securities lending program whereby we loan certain securities in our investment portfolio to third-party borrowers for short periods of time. Although we report such securities at fair value within other assets in our condensed consolidated balance sheets, rather than within investments, the detailed information we provide in this Note 5 includes these securities. See Note 4 for additional detail on the loaned securities, and see Notes 2 and 6 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information about our accounting policies with respect to our securities lending agreements and the collateral requirements thereunder, respectively. All of our securities lending agreements are classified as overnight and revolving. Securities collateral on deposit with us from third-party borrowers totaling $ 9.0 million and $ 16.8 million as of June 30, 2019 and December 31, 2018 , respectively, may not be transferred or re-pledged unless the third-party borrower is in default, and is therefore not reflected in our condensed consolidated financial statements. Net Gains (Losses) on Investments Net gains (losses) on investments consisted of: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Net realized gains (losses): Fixed-maturities available for sale (1) $ 1,303 $ (1,691 ) $ 808 $ (4,811 ) Trading securities 274 (112 ) (410 ) (650 ) Equity securities — 498 (680 ) 640 Other investments 144 217 316 291 Net realized gains (losses) on investments 1,721 (1,088 ) 34 (4,530 ) Other-than-temporary impairment losses — — — (844 ) Net unrealized gains (losses) on investments 9,117 (5,733 ) 28,586 (18,537 ) Total net gains (losses) on investments $ 10,838 $ (6,821 ) $ 28,620 $ (23,911 ) ______________________ (1) Components of net realized gains (losses) on fixed-maturities available for sale include: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Gross investment gains from sales and redemptions $ 2,064 $ 419 $ 6,229 $ 1,017 Gross investment losses from sales and redemptions (761 ) (2,110 ) (5,421 ) (5,828 ) The net changes in unrealized gains (losses) recognized in earnings on investments that were still held at each period-end were as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Net unrealized gains (losses) on investments still held: Trading securities $ 7,608 $ (5,816 ) $ 15,027 $ (16,755 ) Equity securities 1,404 224 8,600 (702 ) Other investments 138 89 7 212 Net unrealized gains (losses) on investments still held $ 9,150 $ (5,503 ) $ 23,634 $ (17,245 ) Contractual Maturities The contractual maturities of fixed-maturities available for sale were as follows: June 30, 2019 Available for Sale (In thousands) Amortized Cost Fair Value Due in one year or less (1) $ 102,282 $ 102,313 Due after one year through five years (1) 863,246 878,955 Due after five years through 10 years (1) 1,041,249 1,087,023 Due after 10 years (1) 375,451 403,030 RMBS (2) 425,138 433,773 CMBS (2) 557,353 571,923 Other ABS (2) 661,898 661,089 Total 4,026,617 4,138,106 Less: loaned securities 23,250 24,456 Total fixed-maturities available for sale $ 4,003,367 $ 4,113,650 ______________________ (1) Actual maturities may differ as a result of calls before scheduled maturity. (2) RMBS, CMBS and Other ABS are shown separately, as they are not due at a single maturity date. Other For the six months ended June 30, 2019 , we did not transfer any securities from the available for sale or trading categories. Our fixed-maturities available for sale include securities totaling $112.6 million and $88.4 million at June 30, 2019 and December 31, 2018 , respectively, serving as collateral for our FHLB advances. See Note 11 for additional information about our FHLB advances. Our fixed-maturities available for sale include securities totaling $16.8 million and $17.6 million at June 30, 2019 and December 31, 2018 , respectively, on deposit and serving as collateral with various state regulatory authorities.

Note 6 - Goodwill and Other Acq

Note 6 - Goodwill and Other Acquired Intangible Assets, Net	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	Goodwill and Other Acquired Intangible Assets, Net All of our goodwill and other acquired intangible assets relate to our Services segment. The purchase price allocation for the acquisition of Five Bridges in December 2018 was finalized in the first quarter of 2019. In comparison to the preliminary fair value amounts recorded as of December 31, 2018, the final calculations resulted in: (i) an increase in goodwill of $0.5 million and (ii) decreases in intangible assets of $0.4 million related to technology and $0.1 million related to client relationships. The following table shows the changes in the carrying amount of goodwill for the year-to-date periods ended December 31, 2018 and June 30, 2019 : (In thousands) Goodwill Accumulated Impairment Losses Net Balance at December 31, 2017 $ 197,391 $ (186,469 ) $ 10,922 Goodwill acquired 3,170 — 3,170 Balance at December 31, 2018 200,561 (186,469 ) 14,092 Goodwill acquired 538 — 538 Balance at June 30, 2019 $ 201,099 $ (186,469 ) $ 14,630 The following is a summary of the gross and net carrying amounts and accumulated amortization of our other acquired intangible assets as of the periods indicated: June 30, 2019 (In thousands) Original Amount Acquired Accumulated Amortization and Impairment Net Carrying Amount Client relationships $ 83,860 $ (51,257 ) $ 32,603 Technology 16,964 (13,978 ) 2,986 Trade name and trademarks 8,340 (4,296 ) 4,044 Non-competition agreements 185 (181 ) 4 Licenses 463 (58 ) 405 Total $ 109,812 $ (69,770 ) $ 40,042 December 31, 2018 (In thousands) Original Amount Acquired Accumulated Amortization and Impairment Net Carrying Amount Client relationships $ 84,000 $ (48,227 ) $ 35,773 Technology 17,362 (13,141 ) 4,221 Trade name and trademarks 8,340 (3,864 ) 4,476 Non-competition agreements 185 (177 ) 8 Licenses 463 (35 ) 428 Total $ 110,350 $ (65,444 ) $ 44,906 For additional information on our accounting policies for goodwill and other acquired intangible assets, see Notes 2 and 7 of Notes to Consolidated Financial Statements in our 2018 Form 10-K.

Note 7 - Reinsurance

Note 7 - Reinsurance	6 Months Ended
	Jun. 30, 2019
Reinsurance Disclosures [Abstract]
Reinsurance	Reinsurance In our mortgage insurance and title insurance businesses, we use reinsurance as part of our risk distribution strategy, including to manage our capital position and risk profile. See Note 8 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for more information about our use of reinsurance in our title insurance business. The reinsurance arrangements for our mortgage insurance business include p remiums ceded under the QSR Program, the Single Premium QSR Program and the Excess-of-Loss Program. The effect of all of our reinsurance programs on our net income is as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Net premiums written—insurance: Direct $ 279,991 $ 284,713 $ 541,022 $ 541,312 Assumed (1) 2,475 1,504 4,920 2,816 Ceded (2) (14,289 ) (31,883 ) (24,445 ) (51,814 ) Net premiums written—insurance $ 268,177 $ 254,334 $ 521,497 $ 492,314 Net premiums earned—insurance: Direct $ 333,791 (3) $ 266,512 $ 614,014 (3) $ 523,943 Assumed (1) 2,481 1,510 4,931 2,828 Ceded (2) (37,106 ) (3) (16,678 ) (56,267 ) (3) (32,877 ) Net premiums earned—insurance $ 299,166 (3) $ 251,344 $ 562,678 (3) $ 493,894 Ceding commissions earned $ 16,353 (3) $ 8,539 $ 25,038 (3) $ 17,355 Ceded losses 1,868 1,019 3,555 2,165 ______________________ (1) Includes premiums earned from our participation in certain Front-end and Back-end credit risk transfer programs. (2) Net of profit commission. (3) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information. QSR Program In 2012, Radian Guaranty entered into the QSR Program with a third-party reinsurance provider. Radian Guaranty has ceded the maximum amount permitted under the QSR Program and is no longer ceding additional NIW under this program. RIF ceded under the QSR Program was $0.8 billion and $1.0 billion as of June 30, 2019 and 2018 , respectively. Single Premium QSR Program In the first quarter of 2016, Radian Guaranty entered into the 2016 Single Premium QSR Agreement with a panel of third-party reinsurers. As of January 1, 2018, Radian Guaranty is no longer ceding additional NIW under this arrangement. RIF ceded under the 2016 Single Premium QSR Agreement was $5.9 billion and $6.6 billion as of June 30, 2019 and 2018 , respectively. In October 2017, Radian Guaranty entered into the 2018 Single Premium QSR Agreement with a panel of third-party reinsurers. Under the 2018 Single Premium QSR Agreement, we expect to cede up to 65% of our Single Premium NIW beginning with the business written in January 2018, subject to certain conditions that may affect the amount ceded, including a limitation on ceded premiums written equal to $335 million for policies issued between January 1, 2018 and December 31, 2019. Notwithstanding this limitation, the parties may mutually agree to amend the agreement, including with respect to any limitations on the amounts of insurance that may be ceded. RIF ceded under the 2018 Single Premium QSR Agreement was $2.6 billion and $1.0 billion as of June 30, 2019 and 2018 , respectively. Excess-of-Loss Program Since the fourth quarter of 2018, Radian Guaranty has entered into two fully collateralized reinsurance arrangements with the Eagle Re Issuers. Total ceded premiums earned under our Excess-of-Loss Program were $7.7 million and $10.9 million for the three and six months ended June 30, 2019 , respectively. The Eagle Re 2018-1 reinsurance agreement, entered into in November 2018, provides for up to $434.0 million of aggregate excess-of-loss reinsurance coverage for a specified percentage of mortgage insurance losses on new defaults on an existing portfolio of eligible Recurring Premium Policies issued between January 1, 2017 and December 31, 2017, with an initial RIF of $9.1 billion . In addition, Radian Guaranty entered into a separate excess-of-loss reinsurance agreement for up to $21.4 million of coverage, representing a pro rata share of the credit risk alongside the risk assumed by Eagle Re 2018-1 on those Recurring Premium Policies. Eagle Re 2018-1 financed its coverage by issuing mortgage insurance-linked notes in an aggregate amount of $434.0 million to eligible third-party capital markets investors in an unregistered private offering. The Eagle Re 2019-1 reinsurance agreement, entered into in April 2019, provides for up to $562.0 million of aggregate excess-of-loss reinsurance coverage for a specified percentage of mortgage insurance losses on new defaults on an existing portfolio of eligible Recurring Premium Policies issued between January 1, 2018 and December 31, 2018, with an initial RIF of $10.7 billion . Eagle Re 2019-1 financed its coverage by issuing mortgage insurance-linked notes in an aggregate amount of $562.0 million to eligible third-party capital markets investors in an unregistered private offering. The aggregate excess-of-loss reinsurance coverage for these transactions decreases over a ten-year period as the principal balances of the underlying covered mortgages decrease and as claims are paid by the applicable Eagle Re Issuer or the mortgage insurance is canceled. The outstanding reinsurance coverage amount will begin amortizing after an initial period in which a target level of credit enhancement is obtained and will stop amortizing if certain thresholds are reached, such as if the reinsured mortgages were to experience an elevated level of delinquencies or certain credit enhancement tests were not maintained. Radian Guaranty has rights to terminate the reinsurance agreements upon the occurrence of certain events. The Eagle Re Issuers are not subsidiaries or affiliates of Radian Guaranty. Based on the accounting guidance that addresses VIEs, we have not consolidated any of the Eagle Re Issuers in our consolidated financial statements, because Radian does not have: (i) the power to direct the activities that most significantly affect the Eagle Re Issuers’ economic performances or (ii) the obligation to absorb losses or the right to receive benefits from the Eagle Re Issuers that potentially could be significant to the Eagle Re Issuers. See Note 2 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for more information on our accounting treatment of VIEs. The Eagle Re Issuers represent our only VIEs as of June 30, 2019 . The following table presents the total assets of the Eagle Re Issuers as well as Radian Guaranty’s maximum exposure to loss associated with each Eagle Re Issuer, as of the dates indicated. At June 30, 2019 Maximum Exposure to Loss (In thousands) Total VIE Assets (1) On - Balance Sheet Off - Balance Sheet (2) Total Eagle Re 2018-1 $ 434,034 $ 557 (3) $ 434,034 $ 434,591 Eagle Re 2019-1 562,036 410 (3) 562,036 562,446 Total $ 996,070 $ 967 $ 996,070 $ 997,037 At December 31, 2018 Maximum Exposure to Loss (In thousands) Total VIE Assets (1) On - Balance Sheet Off - Balance Sheet (2) Total Eagle Re 2018-1 $ 434,034 $ 1,114 (3) $ 434,034 $ 435,148 Total $ 434,034 $ 1,114 $ 434,034 $ 435,148 ______________________ (1) Assets held by the Eagle Re Issuers are required to be invested in U.S. government money market funds, cash or U.S. Treasury securities. Liabilities of the Eagle Re Issuers consist of their mortgage insurance-linked notes, described above. (2) Represents Radian Guaranty’s maximum exposure to loss in the event the VIE is unable to meet its obligations to us and our insurance subsidiaries would be liable to make claims payments to our policyholders. In the event that all of the assets in the reinsurance trust (consisting of U.S. government money market funds, cash or U.S. Treasury securities) were to lose their value and the VIE is unable to make its payments to us, our maximum potential loss would be the amount of mortgage insurance claim payments for losses on the insured policies, net of the aggregate reinsurance payments already received, up to the full aggregate excess-of-loss reinsurance coverage amount. In the same scenario, the related embedded derivative would no longer have value. (3) Represents the fair value of the related embedded derivative, included in other assets in our condensed consolidated balance sheets. Collateral Although we use reinsurance as one of our risk management tools, reinsurance does not relieve us of our obligations to our policyholders. In the event the reinsurers are unable to meet their obligations to us, our insurance subsidiaries would be liable for any defaulted amounts. However, in all of our reinsurance transactions, the reinsurers have established a trust to help secure our potential cash recoveries. In addition, for the Single Premium QSR Program, Radian Guaranty holds amounts received from ceded premiums written to collateralize the reinsurers’ obligations, which are reported in reinsurance funds withheld on our condensed consolidated balance sheets. Any loss recoveries and profit commissions paid to Radian Guaranty related to the Single Premium QSR Program are expected to be realized from this account. See Note 8 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for more information about our reinsurance transactions.

Note 8 - Other Assets

Note 8 - Other Assets	6 Months Ended
	Jun. 30, 2019
Other Assets [Abstract]
Other Assets	Other Assets The following table shows the components of other assets as of the dates indicated: (In thousands) June 30, December 31, Company-owned life insurance $ 101,988 $ 83,377 Prepaid federal income taxes (Note 9) 55,000 — Internal-use software (1) 53,631 51,367 Right-of-use assets (2) 44,844 — Property and equipment (3) 35,742 37,090 Accrued investment income 32,119 34,878 Loaned securities (Note 5) 29,064 27,860 Unbilled receivables 21,725 19,917 Deferred policy acquisition costs 18,546 17,311 Reinsurance recoverables 16,841 14,402 Current federal income tax receivable (4) — 44,506 Other 20,736 36,992 Total other assets $ 430,236 $ 367,700 ______________________ (1) Internal-use software, at cost, has been reduced by accumulated amortization of $66.6 million and $60.3 million at June 30, 2019 and December 31, 2018 , respectively, as well as $3.8 million of impairment charges in the six months ended June 30, 2019 , and $5.1 million of impairment charges in 2018. Amortization expense was $3.4 million and $2.9 million for the three-month periods ended June 30, 2019 and 2018 , respectively, and $6.5 million and $5.7 million for the six-month periods ended June 30, 2019 and 2018 , respectively. (2) Represents right-of-use assets recognized as a result of our adoption, as of January 1, 2019, of the new accounting and disclosure requirements for leases of property, plant and equipment. See Note 1 for additional information. Right-of-use assets are shown less accumulated amortization of $4.6 million at June 30, 2019 . (3) Property and equipment at cost, less accumulated depreciation of $66.2 million and $62.9 million at June 30, 2019 and December 31, 2018 , respectively. Depreciation expense was $1.9 million for both the three-month periods ended June 30, 2019 and 2018 , and $4.0 million and $3.8 million for the six-month periods ended June 30, 2019 and 2018 , respectively. (4) During the six months ended June 30, 2019 , current federal income tax receivable was reduced by our receipt of the remaining $57.2 million refund from amounts on deposit with the IRS related to the settlement of the IRS Matter.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Certain entities within our consolidated group have generated deferred tax assets of approximately $63.6 million , relating primarily to state and local NOL carryforwards, which, if unutilized, will expire during various future tax periods. We are required to establish a valuation allowance against our deferred tax assets when it is more likely than not that all or some portion of our deferred tax assets will not be realized. At each balance sheet date, we assess our need for a valuation allowance and this assessment is based on all available evidence, both positive and negative. This requires management to exercise judgment and make assumptions regarding whether our deferred tax assets will be realized in future periods. We have determined that certain entities within Radian may continue to generate taxable losses on a separate company basis in the near term and may not be able to fully utilize certain of their state and local NOLs on their state and local tax returns. Therefore, with respect to deferred tax assets relating to these state and local NOLs and other state timing adjustments, we retained a valuation allowance of $62.0 million at June 30, 2019 . In July 2018, we finalized a settlement with the IRS related to adjustments we had been contesting that resulted from the examination of our 2000 through 2007 consolidated federal income tax returns. During 2018, under the terms of the settlement, Radian utilized its qualified deposits with the U.S. Treasury to settle its $31.0 million obligation to the IRS, and during the first quarter of 2019, the IRS refunded to Radian the remaining $57.2 million that was previously on deposit. As a mortgage guaranty insurer, we are eligible for a tax deduction, subject to certain limitations, under IRC Section 832(e) for amounts required by state law or regulation to be set aside in statutory contingency reserves. The deduction is allowed only to the extent that we purchase non-interest bearing U.S. Mortgage Guaranty Tax and Loss Bonds (“T&L Bonds”) issued by the U.S. Treasury in an amount equal to the tax benefit derived from deducting any portion of our statutory contingency reserves. As of June 30, 2019 , we held $55.0 million of T&L Bonds, included in other assets in our condensed consolidated balance sheets, resulting in the recognition of a deferred tax liability and a decrease in our net deferred tax asset. For additional information on our income taxes, including our accounting policies, see Notes 2 and 10 of Notes to Consolidated Financial Statements in our 2018 Form 10-K.

Note 10 - Losses and Loss Adjus

Note 10 - Losses and Loss Adjustment Expense	6 Months Ended
	Jun. 30, 2019
Insurance Loss Reserves [Abstract]
Losses and Loss Adjustment Expense	Losses and Loss Adjustment Expense Our reserve for losses and LAE, at the end of each period indicated, consisted of: (In thousands) June 30, December 31, Mortgage insurance loss reserves $ 401,294 $ 397,891 Services loss reserves (1) 3,984 3,470 Total reserve for losses and LAE $ 405,278 $ 401,361 ______________________ (1) A majority of this amount is subject to reinsurance, with the related reinsurance recoverables reported in other assets in our condensed consolidated balance sheets, and relates to Radian Title Insurance. For all periods presented, total incurred losses and paid claims for Radian Title Insurance were not material. See Note 8 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information about our use of reinsurance in our title insurance business. The following table presents information relating to our mortgage insurance reserve for losses, including our IBNR reserve and LAE, but excluding our second-lien mortgage loan premium deficiency reserve, for the periods indicated: Six Months Ended (In thousands) 2019 2018 Balance at beginning of period $ 397,891 $ 507,588 Less: Reinsurance recoverables (1) 11,009 8,350 Balance at beginning of period, net of reinsurance recoverables 386,882 499,238 Add: Losses and LAE incurred in respect of default notices reported and unreported in: Current year (2) 73,494 67,286 Prior years (5,617 ) (11,311 ) Total incurred 67,877 55,975 Deduct: Paid claims and LAE related to: Current year (2) 507 1,091 Prior years 66,510 115,369 Total paid 67,017 116,460 Balance at end of period, net of reinsurance recoverables 387,742 438,753 Add: Reinsurance recoverables (1) 13,552 9,341 Balance at end of period $ 401,294 $ 448,094 ______________________ (1) Related to ceded losses recoverable, if any, on reinsurance transactions. See Note 7 for additional information. (2) Related to underlying defaulted loans with a most recent default notice dated in the year indicated. For example, if a loan had defaulted in a prior year, but then subsequently cured and later re-defaulted in the current year, that default would be considered a current year default. Reserve Activity 2019 Activity Reserves established for new default notices were the primary driver of our total incurred losses for the six months ended June 30, 2019 , and they were primarily impacted by the number of new primary default notices received in the period and our related gross Default to Claim Rate assumption applied to those new defaults, which was 8.0% as of June 30, 2019 . Our provision for losses during the first six months of 2019 was positively impacted by favorable reserve development on prior year defaults. This favorable development was primarily driven by a reduction during the period in certain Default to Claim Rate assumptions for these prior year defaults compared to the assumptions used at December 31, 2018, partially offset by a $19.4 million increase in our IBNR reserve estimate in the three months ended June 30, 2019. The increase in our IBNR reserve estimate is related to previously disclosed legal proceedings involving challenges from certain servicers regarding our Loss Mitigation Activities, which challenges may result in the reversal of certain decisions regarding prior Rescissions, Claim Denials or Claim Curtailments. See Note 12 for additional information. Total claims paid decreased for the six months ended June 30, 2019 , compared to the same period in 2018 . The decrease in claims paid is consistent with the ongoing decline in the outstanding default inventory. 2018 Activity Our mortgage insurance loss reserves at June 30, 2018 declined as compared to December 31, 2017 , primarily as a result of the amount of paid claims outpacing losses incurred related to new default notices reported in the current year. Reserves established for new default notices were the primary driver of our total incurred loss for the six months ended June 30, 2018 , and they were primarily impacted by the number of new primary default notices received in the period and our related gross Default to Claim Rate assumption applied to those new defaults, which was 9.0% as of June 30, 2018 . The provision for losses during the first six months of 2018 was positively impacted by favorable reserve development on prior year defaults, which was primarily driven by a reduction during the period in certain Default to Claim Rate assumptions for these prior year defaults compared to the assumptions used at December 31, 2017. The reductions in Default to Claim Rate assumptions resulted from observed trends, primarily higher Cures than were previously estimated. Mortgage Insurance Reserve Assumptions Default to Claim Rate Our aggregate weighted-average net Default to Claim Rate assumption (net of Claim Denials and Rescissions) used in estimating our primary reserve for losses was 33% at both June 30, 2019 and December 31, 2018 . As of June 30, 2019 our gross Default to Claim Rate assumptions on our primary portfolio ranged from 8.0% for new defaults, up to 68% for defaults not in foreclosure stage, and 72%

Note 11 - Borrowings and Financ

Note 11 - Borrowings and Financing Activities	6 Months Ended
	Jun. 30, 2019
Senior Notes [Abstract]
Senior Notes	The carrying value of our debt at June 30, 2019 and December 31, 2018 was as follows: (In thousands) June 30, December 31, Senior notes: 5.500% Senior Notes due 2019 $ — $ 158,324 5.250% Senior Notes due 2020 26,852 232,729 7.000% Senior Notes due 2021 69,857 195,867 4.500% Senior Notes due 2024 443,931 443,428 4.875% Senior Notes due 2027 442,250 — Total senior notes $ 982,890 $ 1,030,348 FHLB advances: FHLB advances due 2019 $ 72,400 $ 60,550 FHLB advances due 2020 2,991 2,991 FHLB advances due 2021 14,000 8,000 FHLB advances due 2022 6,000 — FHLB advances due 2023 8,995 8,995 FHLB advances due 2024 1,996 1,996 Total FHLB advances $ 106,382 $ 82,532 Repayment and Extinguishment of Debt Repayment of Senior Notes due 2019 In accordance with the terms of the notes under the related indenture, we retired the remaining aggregate principal amount of $158.6 million of outstanding Senior Notes due 2019 upon their maturity in June 2019. Repurchases of Senior Notes due 2020 and 2021 During the second quarter of 2019, pursuant to cash tender offers to purchase any and all of our outstanding Senior Notes due 2020 and 2021, we purchased aggregate principal amounts of $207.2 million and $127.3 million of our Senior Notes due 2020 and 2021, respectively. We funded the purchases with $351.8 million in cash (which includes accrued and unpaid interest due on the purchased notes). These purchases resulted in a loss on extinguishment of debt of $16.8 million . Following these purchases, the remaining principal amount outstanding on the Senior Notes due 2020 and 2021 at June 30, 2019 was $27.0 million and $70.4 million , respectively. On June 20, 2019, Radian Group announced its intention to redeem, and on July 25, 2019, it redeemed the remaining $27.0 million of aggregate principal amount of Senior Notes due 2020, in accordance with the terms of the related indenture. The aggregate redemption amount paid was $27.8 million , which includes accrued interest through the redemption date. Senior Notes due 2027 In June 2019, we issued $450 million aggregate principal amount of Senior Notes due 2027 and received net proceeds of $442.2 million . These notes mature on March 15, 2027 and bear interest at a rate of 4.875% per annum, payable semi-annually on March 15 and September 15 of each year, with interest payments commencing on March 15, 2020. We have the option to redeem these notes, in whole or in part, at any time, or from time to time, prior to September 15, 2026 (the date that is six months prior to the maturity date of the notes) (the “Par Call Date”), at a redemption price equal to the greater of (i) 100% of the aggregate principal amount of the notes to be redeemed and (ii) the make-whole amount, which is the sum of the present values of the remaining scheduled payments of principal and interest in respect of the notes to be redeemed from the redemption date to the Par Call Date discounted to the redemption date at the applicable treasury rate plus 50 basis points, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. At any time on or after the Par Call Date, we may, at our option, redeem the notes in whole or in part, at a redemption price equal to 100% of the aggregate principal amount of the notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the redemption date. The indenture governing the Senior Notes due 2027 contains covenants customary for securities of this nature, including covenants related to the payments of the notes, reports to be provided, compliance certificates to be issued and the ability to modify the covenants. Additionally, the indenture includes covenants restricting us from encumbering the capital stock of a designated subsidiary (as defined in the indenture for the notes) or disposing of any capital stock of any designated subsidiary unless either all of the stock is disposed of or we retain more than 80% of the stock. FHLB Advances Principal on FHLB advances is due at maturity. For obligations with original maturities greater than or equal to 90 days , we may prepay the debt at any time, subject to a prepayment fee calculation. See Note 13 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information about our FHLB advances. Revolving Credit Facility Radian Group has in place a $267.5 million unsecured revolving credit facility with a syndicate of bank lenders, which is scheduled to expire on October 16, 2020. At June 30, 2019 , Radian Group was in compliance with all of the credit facility covenants, and there were no amounts outstanding. For more information regarding our revolving credit facility, including certain of its terms and covenants, see Note 13 of Notes to Consolidated Financial Statements in our 2018 Form 10-K.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are routinely involved in a number of legal actions and proceedings, including litigation and other disputes arising in the ordinary course of our business. The legal and regulatory matters discussed below and in our 2018 Form 10-K could result in adverse judgments, settlements, fines, injunctions, restitutions or other relief that could require significant expenditures or have other effects on our business. Management believes, based on current knowledge and after consultation with counsel, that the outcome of such actions will not have a material adverse effect on our consolidated financial condition. The outcome of litigation and other legal and regulatory matters and proceedings is inherently uncertain, and it is possible that one or more of the matters currently pending or threatened could have an adverse effect on our liquidity, financial condition or results of operations for any particular period. On December 22, 2016, Ocwen Loan Servicing, LLC and Homeward Residential, Inc. (collectively, “Ocwen”) filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania against Radian Guaranty alleging breach of contract and bad faith claims and seeking monetary damages and declaratory relief. Ocwen has also initiated similar legal proceedings against several other mortgage insurers. On December 17, 2016, Ocwen separately filed a parallel arbitration petition against Radian Guaranty before the American Arbitration Association (“AAA”) asserting substantially the same allegations (the “Arbitration”). Ocwen’s filings together listed 9,420 mortgage insurance certificates issued under multiple insurance policies, including Pool Insurance policies, as subject to the dispute. On June 5, 2017, Ocwen filed an amended complaint and an amended petition (collectively, the “Amended Filings”) with both the court and the AAA, respectively, together listing 8,870 certificates as subject to the dispute. On April 11, 2018, the parties entered into a confidential agreement with respect to all certificates subject to the dispute. The confidential agreement resolved certain categories of claims involved in the dispute and, on April 12, 2018, the parties filed a stipulation of voluntary dismissal of the federal court proceeding and the trial judge issued an Order dismissing all claims and counterclaims subject to the parties’ agreement. Radian Guaranty was not required to make any payment in connection with this confidential agreement. Pursuant to the confidential agreement, the parties: (1) dismissed the federal court proceeding; (2) narrowed the scope of the dispute to Ocwen’s breach of contract claims seeking payment of insurance benefits on approximately 2,500 certificates that Ocwen was previously pursuing through the Amended Filings; and (3) agreed to resolve the remaining dispute through the Arbitration. The Arbitration is proceeding, and Radian continues to defend against Ocwen’s claims vigorously. On August 31, 2018, Nationstar Mortgage LLC d/b/a Mr. Cooper (“Nationstar”) filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania against Radian Guaranty (the “Complaint”) alleging breach of contract, bad faith, unjust enrichment and conversion claims and seeking monetary damages and declaratory relief. The Complaint lists 3,014 mortgage insurance certificates issued under multiple insurance policies as subject to disputes involving insurance coverage decisions. The Complaint further lists 2,231 mortgage insurance certificates issued under multiple insurance policies as subject to disputes involving premium refund requests. Radian Guaranty believes that Nationstar’s allegations and claims in the legal proceedings described above are without merit and legally deficient, and plans to defend against these claims vigorously. In December 2018, Radian Guaranty filed a motion to dismiss the Complaint. In March 2019, the trial judge issued an Order granting in part, and denying in part, our motion to dismiss, and dismissed Nationstar’s unjust enrichment and conversion claims. In May 2019, Radian Guaranty filed an answer, with affirmative defenses and counterclaims, in response to the Complaint. In the second quarter of 2019, the Company increased its IBNR reserve estimate by $19.4 million related to our best estimate of our probable loss in connection with the above legal proceedings. While Radian believes it has substantial defenses in these matters and intends to continue to defend against these claims vigorously, it is not feasible to predict the ultimate outcome of these disputes, and the Company could in the future be required to pay amounts as a result of settlements or decisions in these matters, potentially in excess of accruals. We also are periodically subject to reviews and audits, as well as inquiries, information-gathering requests and investigations. In connection with these matters, from time to time we receive requests and subpoenas seeking information and documents related to aspects of our business. Our Master Policies establish the timeline within which any suit or action arising from any right of an insured under the policy generally must be commenced. In general, any suit or action arising from any right of an insured under the policy must be commenced within two years after such right first arose for primary insurance and within three years for certain other policies, including certain Pool Insurance policies. Although we believe that our Loss Mitigation Activities are justified under our policies, from time to time we face challenges from certain lender and servicer customers regarding our Loss Mitigation Activities. These challenges could result in additional arbitration or judicial proceedings and we may need to reassume the risk on, and increase loss reserves for, the associated policies or pay additional claims. See Note 10 for additional information. Lease Liability Our lease liability represents the present value of future lease payments over the lease term. Our leases do not provide a readily determinable implicit rate. Therefore, we must estimate our incremental borrowing rate, on a collateralized basis, to discount the lease payments based on information available at lease commencement. Our leases expire periodically through August 2032, and contain provisions for scheduled periodic rent increases. We estimate the incremental borrowing rate based on the yields of Radian Group corporate bonds, as adjusted to reflect a collateralized borrowing rate. While the majority of our lease population expires within one year of one of the Radian Group corporate bonds, our more significant leases do not. For those leases, we adjust the corporate bond rate for both U.S. Treasury rate yields and a corporate spread adjustment determined from recent market data, resulting in discount rates ranging from 4.22% to 7.08% . The following tables provide additional information related to our leases, including: (i) the components of our total lease cost; (ii) the cash flows arising from our lease transactions; (iii) supplemental balance sheet information; (iv) the weighted-average remaining lease term; (v) the weighted-average discount rate used for our leases; and (vi) the remaining maturities of our lease liabilities, as of and for the periods indicated: ($ in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease cost Operating lease cost $ 2,347 $ 4,666 Short-term lease cost 52 75 Total lease cost $ 2,399 $ 4,741 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (2,639 ) $ (5,276 ) ($ in thousands) June 30, 2019 Operating leases: Operating lease right-of-use assets (1) $ 44,844 Operating lease liabilities (2) 68,359 Weighted-average remaining lease term - operating leases (in years) 10.22 years Weighted-average discount rate - operating leases 6.76 % Remaining maturities of lease liabilities for the remainder of 2019 and thereafter is as follows: 2019 $ 5,234 2020 10,424 2021 9,961 2022 10,136 2023 10,275 2024 and thereafter 56,542 Total lease payments 102,572 Less: Imputed interest (34,213 ) Present value of lease liabilities (2) $ 68,359 ______________________ (1) Classified in other assets in our condensed consolidated balance sheets. See Note 8 . (2) Classified in other liabilities in our condensed consolidated balance sheets. Pursuant to the previous lease accounting standard, rent expense for the three and six months ended June 30, 2018 was $2.2 million and $4.3 million , respectively. Our commitment for non-cancelable leases in future years as of December 31, 2018 was as follows (in thousands): 2019 $ 11,310 2020 10,847 2021 10,165 2022 10,100 2023 10,251 2024 and thereafter 56,317 Total $ 108,990 At December 31, 2018 , there were no future minimum receipts expected from sublease rental payments. See Note 1 herein for additional information about our leases and Note 14 of Notes to Consolidated Financial Statements in our 2018

Note 13 - Capital Stock (Notes)

Note 13 - Capital Stock (Notes)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Capital Stock Share Repurchase Program On August 16, 2018, Radian Group’s board of directors approved a share repurchase program that authorized the Company to repurchase up to $100 million of its common stock in the open market or in privately negotiated transactions, based on market and business conditions, stock price and other factors. On March 20, 2019, Radian Group’s board of directors approved a $150 million increase in authorization for this program, bringing the total authorization to repurchase shares up to $250 million , excluding commissions. Radian operated this program pursuant to a trading plan under Rule 10b5-1 of the Exchange Act, which permitted the company to purchase shares, at pre-determined price targets, when it may have otherwise been precluded from doing so. During the three and six months ended June 30, 2019 , the Company purchased 7,470,332 and 9,017,006 shares, respectively, at an average price of $22.20 and $21.92 per share, respectively, including commissions. As of June 30, 2019 , purchase authority of up to $52.5 million remained available under this program. In July 2019, the Company completed the repurchase authorization under this share repurchase program by purchasing an additional 2,241,568 shares of its common stock at an average price of $23.43 per share, including commissions. Over the course of this program, the Company repurchased a total of 11,258,574 shares, or 5.3% of the shares outstanding at the beginning of the program. Other Purchases We may purchase shares on the open market to settle stock options exercised by employees and purchases under our Employee Stock Purchase Plan. In addition, upon the vesting of certain restricted stock awards under our equity compensation plans, we may withhold from such vested awards shares of our common stock to satisfy the tax liability of the award recipients. Dividends Paid During the first and second quarters of 2019 and each of the quarters in 2018 , we declared quarterly cash dividends on our common stock equal to $0.0025 per share.

Note 14 - Accumulated Other Com

Note 14 - Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income (Loss) The following table shows the rollforward of accumulated other comprehensive income (loss) as of the periods indicated: Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 (In thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Balance at beginning of period $ 22,144 $ 4,650 $ 17,494 $ (77,114 ) $ (16,194 ) $ (60,920 ) Other comprehensive income (loss): Unrealized gains (losses) on investments: Unrealized holding gains (losses) arising during the period 91,140 19,140 72,000 189,903 39,880 150,023 Less: Reclassification adjustment for net gains (losses) included in net income (1) 1,303 274 1,029 808 170 638 Net unrealized gains (losses) on investments 89,837 18,866 70,971 189,095 39,710 149,385 Unrealized foreign currency translation adjustments (4 ) (1 ) (3 ) (4 ) (1 ) (3 ) Other comprehensive income (loss) 89,833 18,865 70,968 189,091 39,709 149,382 Balance at end of period $ 111,977 $ 23,515 $ 88,462 $ 111,977 $ 23,515 $ 88,462 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Balance at beginning of period $ (39,842 ) $ (8,367 ) $ (31,475 ) $ 32,669 $ 9,584 $ 23,085 Cumulative effect of adopting accounting standard updates — — — 284 (2,664 ) 2,948 Balance adjusted for cumulative effect of adopting accounting standard updates (39,842 ) (8,367 ) (31,475 ) 32,953 6,920 26,033 Other comprehensive income (loss): Unrealized gains (losses) on investments: Unrealized holding gains (losses) arising during the period (35,194 ) (7,390 ) (27,804 ) (111,957 ) (23,510 ) (88,447 ) Less: Reclassification adjustment for net gains (losses) included in net income (1) (1,691 ) (355 ) (1,336 ) (5,655 ) (1,187 ) (4,468 ) Net unrealized gains (losses) on investments (33,503 ) (7,035 ) (26,468 ) (106,302 ) (22,323 ) (83,979 ) Unrealized foreign currency translation adjustments — — — 4 1 3 Other comprehensive income (loss) (33,503 ) (7,035 ) (26,468 ) (106,298 ) (22,322 ) (83,976 ) Balance at end of period $ (73,345 ) $ (15,402 ) $ (57,943 ) $ (73,345 ) $ (15,402 ) $ (57,943 ) ______________________ (1) Included in net gains (losses) on investments and other financial instruments on our condensed consolidated statements of operations.

Note 15 - Statutory Information

Note 15 - Statutory Information	6 Months Ended
	Jun. 30, 2019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Statutory Information	Statutory Information State insurance regulations include various capital requirements and dividend restrictions based on our insurance subsidiaries’ statutory financial position and results of operations, as described below. As of June 30, 2019 , the amount of restricted net assets held by our consolidated insurance subsidiaries (which represents our equity investment in those insurance subsidiaries) totaled $3.7 billion of our consolidated net assets. Under state insurance regulations, our mortgage insurance subsidiaries are required to maintain minimum surplus levels. In certain RBC States, mortgage insurers licensed in those states must also satisfy a Statutory RBC Requirement that is a minimum ratio of statutory capital relative to the level of net RIF, or Risk-to-capital. Other RBC States require mortgage insurers licensed in those states to satisfy a MPP Requirement that is calculated on both risk and surplus levels. Our mortgage insurance subsidiaries were in compliance with the Statutory RBC Requirements or MPP Requirements, to the extent applicable, in each of the RBC States as of June 30, 2019 . In addition, in order to be eligible to insure loans purchased by the GSEs, mortgage insurers such as Radian Guaranty must meet the GSEs’ eligibility requirements, or PMIERs. At June 30, 2019 , Radian Guaranty is an approved mortgage insurer under the PMIERs and is in compliance with the current PMIERs financial requirements. See Note 1 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information regarding the PMIERs. Radian Guaranty’s Risk-to-capital calculation appears in the table below. For purposes of the Risk-to-capital requirements imposed by certain states, statutory capital is defined as the sum of statutory policyholders’ surplus plus statutory contingency reserves. June 30, December 31, ($ in millions) RIF, net (1) $ 42,154.0 $ 40,711.3 Common stock and paid-in capital $ 1,041.0 $ 1,416.0 Surplus Note 100.0 100.0 Unassigned earnings (deficit) (605.7 ) (701.9 ) Statutory policyholders’ surplus 535.3 814.1 Contingency reserve 2,351.2 2,109.9 Statutory capital $ 2,886.5 $ 2,924.0 Risk-to-capital 14.6:1 13.9:1 ______________________ (1) Excludes risk ceded through all reinsurance programs (including with affiliates) and RIF on defaulted loans. Radian Guaranty’s statutory capital decreased by $37.5 million in the first six months of 2019 , primarily due to the effect of an Extraordinary Distribution paid to Radian Group, as described below, partially offset by Radian Guaranty’s statutory net income of $339.9 million during this period. The net increase in Radian Guaranty’s Risk-to-capital in the first six months of 2019 was primarily due to the decrease in overall statutory capital, combined with an increase in RIF. The Risk-to-capital ratio for our combined mortgage insurance operations was 13.3 to 1 as of June 30, 2019 , compared to 12.8 to 1 as of December 31, 2018 . In April 2019, the Pennsylvania Insurance Department approved a $375 million Extraordinary Distribution from Radian Guaranty to Radian Group, which was paid on April 30, 2019 in the form of cash and marketable securities, resulting in a $375 million decrease in Radian Guaranty’s statutory policyholders’ surplus. For a description of our statutory compliance with regulations for our mortgage insurance and title services businesses, see Note 19 of Notes to Consolidated Financial Statements in our 2018 Form 10-K.

Note 1 - Condensed Consolidat_2

Note 1 - Condensed Consolidated Financial Statements - Business Overview and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting, Policy	Our condensed consolidated financial statements are prepared in accordance with GAAP and include the accounts of Radian Group Inc. and its subsidiaries. All intercompany accounts and transactions, and intercompany profits and losses, have been eliminated. We have condensed or omitted certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with GAAP pursuant to the instructions set forth in Article 10 of Regulation S-X of the SEC.
Reclassification, Policy	Certain prior period amounts have been reclassified to conform to current period presentation.
Use of Estimates, Policy	The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of our contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. While the amounts included in our condensed consolidated financial statements include our best estimates and assumptions, actual results may vary materially.
Lessee, Leases, Policy	determine if an arrangement includes a lease at inception. If it does, we recognize a right-of-use asset and lease liability in other assets and other liabilities, respectively, in our condensed consolidated balance sheet. Right-of-use assets represent our right to use an underlying asset for the lease term and are recognized net of any payments made or received from the lessor. Lease liabilities represent our obligation to make lease payments arising from the lease and are based on the present value of lease payments over the lease term. In determining the net present value of lease payments, we use our incremental borrowing rate based on the information available at the lease commencement date or as of our date of adoption, January 1, 2019. Lease expense is recognized on a straight-line basis over the expected lease term. For lease agreements entered into after the adoption of this ASU that include lease and non-lease components, such components are generally not accounted for separately. We have elected the short-term exemption for contracts with lease terms of 12 months or less.
New Accounting Pronouncements and Changes in Accounting Principles	See Note 12 for more information about our lease agreements. We adopted ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs, on January 1, 2019. The new standard requires certain premiums on purchased callable debt securities to be amortized to the earliest call date. The amortization period for callable debt securities purchased at a discount will not be impacted. The adoption of this update did not have a material effect on our financial statements and disclosures.
New Accounting Pronouncements Not Yet Adopted, Policy	Accounting Standards Not Yet Adopted. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses, and issued subsequent amendments to the initial guidance. This ASU and the associated subsequent amendments require that financial assets measured at their amortized cost basis be presented at the net amount expected to be collected. Credit losses relating to available-for-sale debt securities are to be recorded through an allowance for credit losses, rather than a write-down of the asset, with the amount of the allowance limited to the amount by which fair value is less than amortized cost. This update is effective for public companies for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. This update is not applicable to credit losses associated with our mortgage insurance policies. We are currently evaluating the scope and impact on our financial statements and future disclosures as a result of this update. In August 2018, the FASB issued ASU 2018-12, Financial Services-Insurance. The new standard: (i) requires that assumptions used to measure the liability for future policy benefits be reviewed at least annually; (ii) defines and simplifies the measurement of market risk benefits; (iii) simplifies the amortization of deferred acquisition costs; and (iv) enhances the required disclosures about long-duration contracts. This update is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the potential impact of the adoption of this update and do not expect it to have a material effect on our financial statements and disclosures. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software. This ASU requires the capitalization of implementation costs for activities performed in a cloud computing arrangement that is a service contract. The new standard aligns the accounting for implementation costs of hosting arrangements that are service contracts with the accounting for capitalizing internal-use software. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We are currently evaluating the potential impact of the adoption of this update and do not expect it to have a material effect on our financial statements and disclosures. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Derivatives and Hedging, and Financial Instruments. This update to the accounting standards regarding financial instruments and derivatives and hedging clarifies the accounting treatment for the measurement of credit losses and provides further clarification on previously issued updates. This update is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. We are currently in the process of evaluating the new standard.
Segment Reporting, Policy	We have two strategic business units that we manage separately—Mortgage Insurance and Services. Adjusted pretax operating income (loss) for each segment represents segment results on a standalone basis; therefore, inter-segment eliminations and reclassifications required for consolidated GAAP presentation have not been reflected. Inter-segment activities are recorded at market rates for segment reporting and eliminated in consolidation. We allocate to our Mortgage Insurance segment: (i) corporate expenses based on the segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of time spent on the segment; (ii) except as described below for periods prior to January 1, 2019, all interest expense; and (iii) all net investment income from corporate cash and investments. Prior to January 1, 2019, interest expense related to the Clayton Intercompany Note was allocated to our Services segment. Effective January 1, 2019, Radian Group recapitalized the Services segment with a capital contribution that enabled the Services segment to repay the Clayton Intercompany Note and its accumulated allocated interest expense associated with the note, and effective as of the same date, all interest expense is allocated to our Mortgage Insurance segment. We allocate to our Services segment: (i) corporate expenses based on the segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of time spent on the segment and (ii) until January 1, 2019, the allocated interest expense related to the Clayton Intercompany Note as discussed above.
Income Tax, Policy	We are required to establish a valuation allowance against our deferred tax assets when it is more likely than not that all or some portion of our deferred tax assets will not be realized. At each balance sheet date, we assess our need for a valuation allowance and this assessment is based on all available evidence, both positive and negative. This requires management to exercise judgment and make assumptions regarding whether our deferred tax assets will be realized in future periods.

Note 3 - Segment Reporting (Pol

Note 3 - Segment Reporting (Policies)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Reporting, Policy	We have two strategic business units that we manage separately—Mortgage Insurance and Services. Adjusted pretax operating income (loss) for each segment represents segment results on a standalone basis; therefore, inter-segment eliminations and reclassifications required for consolidated GAAP presentation have not been reflected. Inter-segment activities are recorded at market rates for segment reporting and eliminated in consolidation. We allocate to our Mortgage Insurance segment: (i) corporate expenses based on the segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of time spent on the segment; (ii) except as described below for periods prior to January 1, 2019, all interest expense; and (iii) all net investment income from corporate cash and investments. Prior to January 1, 2019, interest expense related to the Clayton Intercompany Note was allocated to our Services segment. Effective January 1, 2019, Radian Group recapitalized the Services segment with a capital contribution that enabled the Services segment to repay the Clayton Intercompany Note and its accumulated allocated interest expense associated with the note, and effective as of the same date, all interest expense is allocated to our Mortgage Insurance segment. We allocate to our Services segment: (i) corporate expenses based on the segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of time spent on the segment and (ii) until January 1, 2019, the allocated interest expense related to the Clayton Intercompany Note as discussed above.

Note 9 - Income Taxes (Policies

Note 9 - Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Tax, Policy	We are required to establish a valuation allowance against our deferred tax assets when it is more likely than not that all or some portion of our deferred tax assets will not be realized. At each balance sheet date, we assess our need for a valuation allowance and this assessment is based on all available evidence, both positive and negative. This requires management to exercise judgment and make assumptions regarding whether our deferred tax assets will be realized in future periods.

Note 2 - Net Income Per Share (

Note 2 - Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The calculation of basic and diluted net income per share was as follows: Three Months Ended Six Months Ended (In thousands, except per-share amounts) 2019 2018 2019 2018 Net income—basic and diluted $ 166,730 $ 208,949 $ 337,687 $ 323,435 Average common shares outstanding—basic 208,097 213,976 211,264 215,049 Dilutive effect of share-based compensation arrangements (1) 5,506 3,854 5,236 3,692 Adjusted average common shares outstanding—diluted 213,603 217,830 216,500 218,741 Net income per share: Basic $ 0.80 $ 0.98 $ 1.60 $ 1.50 Diluted $ 0.78 $ 0.96 $ 1.56 $ 1.48 ______________________ (1) The following number of shares of our common stock equivalents issued under our share-based compensation arrangements were not included in the calculation of diluted net income per share because they were anti-dilutive: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Shares of common stock equivalents 168 484 168 351

Note 3 - Segment Reporting (Tab

Note 3 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income is as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Adjusted pretax operating income (loss): Mortgage Insurance $ 219,365 (1) $ 197,440 $ 427,535 (1) $ 369,151 Services (3,526 ) (6,431 ) (9,626 ) (14,039 ) Total adjusted pretax operating income 215,839 191,009 417,909 355,112 Net gains (losses) on investments and other financial instruments 12,540 (7,404 ) 34,453 (26,291 ) Loss on extinguishment of debt (16,798 ) — (16,798 ) — Amortization and impairment of other acquired intangible assets (2,139 ) (2,748 ) (4,326 ) (5,496 ) Impairment of other long-lived assets and other non-operating items 103 (286 ) (5,557 ) (312 ) Consolidated pretax income $ 209,545 $ 180,571 $ 425,681 $ 323,013 ______________________ (1) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described below.
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	The reconciliation of our reportable segment revenues to consolidated revenues is as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Reportable segment revenues: Mortgage Insurance $ 340,520 (1) $ 287,036 $ 647,159 (1) $ 564,349 Services 42,981 40,510 79,028 74,676 Total reportable segment revenues 383,501 327,546 726,187 639,025 Add: Net gains (losses) on investments and other financial instruments 12,540 (7,404 ) 34,453 (26,291 ) Less: Inter-segment revenues (2) 1,077 885 2,047 1,887 Total revenues $ 394,964 $ 319,257 $ 758,593 $ 610,847 ______________________ (1) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described above. (2) Inter-segment revenues included in the Services segment.
Services Revenue [Table Text Block]	The table below represents the disaggregation of services revenues from external customers, by type: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Services revenue Mortgage Services $ 17,220 $ 20,192 $ 32,313 $ 36,687 Real Estate Services 16,938 14,570 32,775 28,964 Title Services 5,145 2,066 6,968 4,341 Total services revenue $ 39,303 $ 36,828 $ 72,056 $ 69,992
Assets & Liabilities Related to Services Segment Revenues [Table Text Block]	The following represents balances related to services revenue contracts as of the dates indicated: (In thousands) June 30, December 31, 2018 Accounts Receivable $ 16,846 $ 15,461 Unbilled Receivables 21,725 19,917 Deferred Revenues 2,861 3,204

Note 4 - Fair Value of Financ_2

Note 4 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following is a list of assets that are measured at fair value by hierarchy level as of June 30, 2019 : (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 49,929 $ 34,491 $ 84,420 State and municipal obligations — 107,962 107,962 Corporate bonds and notes — 2,249,315 2,249,315 RMBS — 433,773 433,773 CMBS — 571,923 571,923 Other ABS — 661,089 661,089 Foreign government and agency securities — 5,168 5,168 Total fixed-maturities available for sale 49,929 4,063,721 4,113,650 Trading securities: State and municipal obligations — 128,824 128,824 Corporate bonds and notes — 155,793 155,793 RMBS — 17,511 17,511 CMBS — 34,889 34,889 Total trading securities — 337,017 337,017 Equity securities 144,882 5,072 149,954 Short-term investments: U.S. government and agency securities 142,206 — 142,206 State and municipal obligations — 13,990 13,990 Money market instruments 262,466 — 262,466 Corporate bonds and notes — 89,910 89,910 Other investments (1) — 401,308 401,308 Total short-term investments 404,672 505,208 909,880 Total investments at fair value (2) 599,483 4,911,018 5,510,501 Other assets: Loaned securities: (3) U.S. government and agency securities 1,502 — 1,502 Corporate bonds and notes — 23,011 23,011 Equity securities 4,551 — 4,551 Total assets at fair value (2) $ 605,536 $ 4,934,029 $ 5,539,565 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $2.8 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient. (3) Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 5 for more information. The following is a list of assets that are measured at fair value by hierarchy level as of December 31, 2018 : (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 55,658 $ 28,412 $ 84,070 State and municipal obligations — 138,313 138,313 Corporate bonds and notes — 2,222,473 2,222,473 RMBS — 332,142 332,142 CMBS — 539,915 539,915 Other ABS — 704,662 704,662 Total fixed-maturities available for sale 55,658 3,965,917 4,021,575 Trading securities: State and municipal obligations — 168,359 168,359 Corporate bonds and notes — 228,152 228,152 RMBS — 21,082 21,082 CMBS — 51,478 51,478 Total trading securities — 469,071 469,071 Equity securities 126,607 3,958 130,565 Short-term investments: U.S. government and agency securities 133,657 — 133,657 State and municipal obligations — 18,070 18,070 Money market instruments 95,132 — 95,132 Corporate bonds and notes — 105,625 105,625 Other ABS — 806 806 Other investments (1) — 175,113 175,113 Total short-term investments 228,789 299,614 528,403 Total investments at fair value (2) 411,054 4,738,560 5,149,614 Other assets: Loaned securities: (3) U.S. government and agency securities 9,987 — 9,987 Corporate bonds and notes — 7,818 7,818 Equity securities 10,055 — 10,055 Total assets at fair value (2) $ 431,096 $ 4,746,378 $ 5,177,474 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $3.4 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient. (3) Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 5 for more information.
Fair Value, by Balance Sheet Grouping [Table Text Block]	The carrying value and estimated fair value of other selected liabilities not carried at fair value in our condensed consolidated balance sheets were as follows as of the dates indicated: June 30, 2019 December 31, 2018 (In thousands) Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Liabilities: Senior notes $ 982,890 $ 1,016,661 $ 1,030,348 $ 1,007,687 FHLB advances 106,382 107,366 82,532 82,899

Note 5 - Investments (Tables)

Note 5 - Investments (Tables)	6 Months Ended
	Jun. 30, 2019
Investments [Abstract]
Available for Sale Securities [Table Text Block]	Our available for sale securities within our investment portfolio consisted of the following as of the dates indicated: June 30, 2019 (In thousands) Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses Fixed-maturities available for sale: U.S. government and agency securities $ 84,807 $ 85,922 $ 1,151 $ 36 State and municipal obligations 100,214 107,962 7,750 2 Corporate bonds and notes 2,192,119 2,272,269 81,488 1,338 RMBS 425,138 433,773 10,060 1,425 CMBS 557,353 571,923 15,302 732 Other ABS 661,898 661,089 2,166 2,975 Foreign government and agency securities 5,088 5,168 80 — Total securities available for sale, including loaned securities 4,026,617 4,138,106 $ 117,997 $ 6,508 Less: loaned securities 23,250 24,456 Total fixed-maturities available for sale $ 4,003,367 $ 4,113,650 December 31, 2018 (In thousands) Amortized Cost Fair Value Gross Unrealized Gains Gross Unrealized Losses Fixed-maturities available for sale: U.S. government and agency securities $ 85,532 $ 84,070 $ 46 $ 1,508 State and municipal obligations 138,022 138,313 2,191 1,900 Corporate bonds and notes 2,288,720 2,229,885 5,053 63,888 RMBS 334,843 332,142 1,785 4,486 CMBS 546,729 539,915 544 7,358 Other ABS 712,748 704,662 814 8,900 Total securities available for sale, including loaned securities 4,106,594 4,028,987 $ 10,433 $ 88,040 Less: loaned securities 7,632 7,412 Total fixed-maturities available for sale $ 4,098,962 $ 4,021,575
Gross Unrealized Losses and Fair Value of Available for Sale Securities [Table Text Block]	the following tables show the gross unrealized losses and fair values, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, as of the dates indicated. Included in the amounts as of June 30, 2019 and December 31, 2018 are loaned securities under securities lending agreements that are classified as other assets in our condensed consolidated balance sheets, as further described below. June 30, 2019 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses U.S. government and agency securities — $ — $ — 4 $ 12,370 $ 36 4 $ 12,370 $ 36 State and municipal obligations 1 3,249 1 1 999 1 2 4,248 2 Corporate bonds and notes 19 82,685 586 27 102,857 752 46 185,542 1,338 RMBS 1 32 1 24 58,905 1,424 25 58,937 1,425 CMBS 16 33,267 555 10 6,751 177 26 40,018 732 Other ABS 42 198,836 1,188 44 167,724 1,787 86 366,560 2,975 Total 79 $ 318,069 $ 2,331 110 $ 349,606 $ 4,177 189 $ 667,675 $ 6,508 December 31, 2018 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses # of securities Fair Value Unrealized Losses U.S. government and agency securities 2 $ 27,415 $ 796 8 $ 23,476 $ 712 10 $ 50,891 $ 1,508 State and municipal obligations 12 41,263 955 16 39,982 945 28 81,245 1,900 Corporate bonds and notes 330 1,208,430 36,284 126 601,533 27,604 456 1,809,963 63,888 RMBS 15 92,315 782 28 77,395 3,704 43 169,710 4,486 CMBS 62 328,696 3,973 33 125,728 3,385 95 454,424 7,358 Other ABS 129 503,109 7,917 26 89,628 983 155 592,737 8,900 Total 550 $ 2,201,228 $ 50,707 237 $ 957,742 $ 37,333 787 $ 3,158,970 $ 88,040
Net Gains (Losses) on Investments and Other Financial Instruments [Table Text Block]	Net gains (losses) on investments consisted of: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Net realized gains (losses): Fixed-maturities available for sale (1) $ 1,303 $ (1,691 ) $ 808 $ (4,811 ) Trading securities 274 (112 ) (410 ) (650 ) Equity securities — 498 (680 ) 640 Other investments 144 217 316 291 Net realized gains (losses) on investments 1,721 (1,088 ) 34 (4,530 ) Other-than-temporary impairment losses — — — (844 ) Net unrealized gains (losses) on investments 9,117 (5,733 ) 28,586 (18,537 ) Total net gains (losses) on investments $ 10,838 $ (6,821 ) $ 28,620 $ (23,911 ) ______________________ (1) Components of net realized gains (losses) on fixed-maturities available for sale include: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Gross investment gains from sales and redemptions $ 2,064 $ 419 $ 6,229 $ 1,017 Gross investment losses from sales and redemptions (761 ) (2,110 ) (5,421 ) (5,828 )
Net Changes in Unrealized Gains (Losses) Recognized in Earnings [Table Text Block]	The net changes in unrealized gains (losses) recognized in earnings on investments that were still held at each period-end were as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Net unrealized gains (losses) on investments still held: Trading securities $ 7,608 $ (5,816 ) $ 15,027 $ (16,755 ) Equity securities 1,404 224 8,600 (702 ) Other investments 138 89 7 212 Net unrealized gains (losses) on investments still held $ 9,150 $ (5,503 ) $ 23,634 $ (17,245 )
Contractual Maturities [Table Text Block]	The contractual maturities of fixed-maturities available for sale were as follows: June 30, 2019 Available for Sale (In thousands) Amortized Cost Fair Value Due in one year or less (1) $ 102,282 $ 102,313 Due after one year through five years (1) 863,246 878,955 Due after five years through 10 years (1) 1,041,249 1,087,023 Due after 10 years (1) 375,451 403,030 RMBS (2) 425,138 433,773 CMBS (2) 557,353 571,923 Other ABS (2) 661,898 661,089 Total 4,026,617 4,138,106 Less: loaned securities 23,250 24,456 Total fixed-maturities available for sale $ 4,003,367 $ 4,113,650 ______________________ (1) Actual maturities may differ as a result of calls before scheduled maturity. (2) RMBS, CMBS and Other ABS are shown separately, as they are not due at a single maturity date.

Note 6 - Goodwill and Other A_2

Note 6 - Goodwill and Other Acquired Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The following table shows the changes in the carrying amount of goodwill for the year-to-date periods ended December 31, 2018 and June 30, 2019 : (In thousands) Goodwill Accumulated Impairment Losses Net Balance at December 31, 2017 $ 197,391 $ (186,469 ) $ 10,922 Goodwill acquired 3,170 — 3,170 Balance at December 31, 2018 200,561 (186,469 ) 14,092 Goodwill acquired 538 — 538 Balance at June 30, 2019 $ 201,099 $ (186,469 ) $ 14,630
Schedule of Other Intangible Assets [Table Text Block]	The following is a summary of the gross and net carrying amounts and accumulated amortization of our other acquired intangible assets as of the periods indicated: June 30, 2019 (In thousands) Original Amount Acquired Accumulated Amortization and Impairment Net Carrying Amount Client relationships $ 83,860 $ (51,257 ) $ 32,603 Technology 16,964 (13,978 ) 2,986 Trade name and trademarks 8,340 (4,296 ) 4,044 Non-competition agreements 185 (181 ) 4 Licenses 463 (58 ) 405 Total $ 109,812 $ (69,770 ) $ 40,042 December 31, 2018 (In thousands) Original Amount Acquired Accumulated Amortization and Impairment Net Carrying Amount Client relationships $ 84,000 $ (48,227 ) $ 35,773 Technology 17,362 (13,141 ) 4,221 Trade name and trademarks 8,340 (3,864 ) 4,476 Non-competition agreements 185 (177 ) 8 Licenses 463 (35 ) 428 Total $ 110,350 $ (65,444 ) $ 44,906

Note 7 - Reinsurance (Tables)

Note 7 - Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2019
Reinsurance Disclosures [Abstract]
Reinsurance, Net Premiums Written and Earned [Table Text Block]	The effect of all of our reinsurance programs on our net income is as follows: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Net premiums written—insurance: Direct $ 279,991 $ 284,713 $ 541,022 $ 541,312 Assumed (1) 2,475 1,504 4,920 2,816 Ceded (2) (14,289 ) (31,883 ) (24,445 ) (51,814 ) Net premiums written—insurance $ 268,177 $ 254,334 $ 521,497 $ 492,314 Net premiums earned—insurance: Direct $ 333,791 (3) $ 266,512 $ 614,014 (3) $ 523,943 Assumed (1) 2,481 1,510 4,931 2,828 Ceded (2) (37,106 ) (3) (16,678 ) (56,267 ) (3) (32,877 ) Net premiums earned—insurance $ 299,166 (3) $ 251,344 $ 562,678 (3) $ 493,894 Ceding commissions earned $ 16,353 (3) $ 8,539 $ 25,038 (3) $ 17,355 Ceded losses 1,868 1,019 3,555 2,165 ______________________ (1) Includes premiums earned from our participation in certain Front-end and Back-end credit risk transfer programs. (2) Net of profit commission. (3) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information.
Schedule of VIE Assets [Table Text Block]	The following table presents the total assets of the Eagle Re Issuers as well as Radian Guaranty’s maximum exposure to loss associated with each Eagle Re Issuer, as of the dates indicated. At June 30, 2019 Maximum Exposure to Loss (In thousands) Total VIE Assets (1) On - Balance Sheet Off - Balance Sheet (2) Total Eagle Re 2018-1 $ 434,034 $ 557 (3) $ 434,034 $ 434,591 Eagle Re 2019-1 562,036 410 (3) 562,036 562,446 Total $ 996,070 $ 967 $ 996,070 $ 997,037 At December 31, 2018 Maximum Exposure to Loss (In thousands) Total VIE Assets (1) On - Balance Sheet Off - Balance Sheet (2) Total Eagle Re 2018-1 $ 434,034 $ 1,114 (3) $ 434,034 $ 435,148 Total $ 434,034 $ 1,114 $ 434,034 $ 435,148 ______________________ (1) Assets held by the Eagle Re Issuers are required to be invested in U.S. government money market funds, cash or U.S. Treasury securities. Liabilities of the Eagle Re Issuers consist of their mortgage insurance-linked notes, described above. (2) Represents Radian Guaranty’s maximum exposure to loss in the event the VIE is unable to meet its obligations to us and our insurance subsidiaries would be liable to make claims payments to our policyholders. In the event that all of the assets in the reinsurance trust (consisting of U.S. government money market funds, cash or U.S. Treasury securities) were to lose their value and the VIE is unable to make its payments to us, our maximum potential loss would be the amount of mortgage insurance claim payments for losses on the insured policies, net of the aggregate reinsurance payments already received, up to the full aggregate excess-of-loss reinsurance coverage amount. In the same scenario, the related embedded derivative would no longer have value. (3) Represents the fair value of the related embedded derivative, included in other assets in our condensed consolidated balance sheets.

Note 8 - Other Assets (Tables)

Note 8 - Other Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Other Assets [Abstract]
Schedule of Other Assets [Table Text Block]	The following table shows the components of other assets as of the dates indicated: (In thousands) June 30, December 31, Company-owned life insurance $ 101,988 $ 83,377 Prepaid federal income taxes (Note 9) 55,000 — Internal-use software (1) 53,631 51,367 Right-of-use assets (2) 44,844 — Property and equipment (3) 35,742 37,090 Accrued investment income 32,119 34,878 Loaned securities (Note 5) 29,064 27,860 Unbilled receivables 21,725 19,917 Deferred policy acquisition costs 18,546 17,311 Reinsurance recoverables 16,841 14,402 Current federal income tax receivable (4) — 44,506 Other 20,736 36,992 Total other assets $ 430,236 $ 367,700 ______________________ (1) Internal-use software, at cost, has been reduced by accumulated amortization of $66.6 million and $60.3 million at June 30, 2019 and December 31, 2018 , respectively, as well as $3.8 million of impairment charges in the six months ended June 30, 2019 , and $5.1 million of impairment charges in 2018. Amortization expense was $3.4 million and $2.9 million for the three-month periods ended June 30, 2019 and 2018 , respectively, and $6.5 million and $5.7 million for the six-month periods ended June 30, 2019 and 2018 , respectively. (2) Represents right-of-use assets recognized as a result of our adoption, as of January 1, 2019, of the new accounting and disclosure requirements for leases of property, plant and equipment. See Note 1 for additional information. Right-of-use assets are shown less accumulated amortization of $4.6 million at June 30, 2019 . (3) Property and equipment at cost, less accumulated depreciation of $66.2 million and $62.9 million at June 30, 2019 and December 31, 2018 , respectively. Depreciation expense was $1.9 million for both the three-month periods ended June 30, 2019 and 2018 , and $4.0 million and $3.8 million for the six-month periods ended June 30, 2019 and 2018 , respectively. (4) During the six months ended June 30, 2019 , current federal income tax receivable was reduced by our receipt of the remaining $57.2 million refund from amounts on deposit with the IRS related to the settlement of the IRS Matter.

Note 10 - Losses and Loss Adj_2

Note 10 - Losses and Loss Adjustment Expense (Tables)	6 Months Ended
	Jun. 30, 2019
Insurance Loss Reserves [Abstract]
Reserve for Losses and LAE by Segment	Our reserve for losses and LAE, at the end of each period indicated, consisted of: (In thousands) June 30, December 31, Mortgage insurance loss reserves $ 401,294 $ 397,891 Services loss reserves (1) 3,984 3,470 Total reserve for losses and LAE $ 405,278 $ 401,361 ______________________ (1) A majority of this amount is subject to reinsurance, with the related reinsurance recoverables reported in other assets in our condensed consolidated balance sheets, and relates to Radian Title Insurance. For all periods presented, total incurred losses and paid claims for Radian Title Insurance were not material. See Note 8 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information about our use of reinsurance in our title insurance business.
Mortgage Insurance Reserve for Losses and LAE Rollforward	The following table presents information relating to our mortgage insurance reserve for losses, including our IBNR reserve and LAE, but excluding our second-lien mortgage loan premium deficiency reserve, for the periods indicated: Six Months Ended (In thousands) 2019 2018 Balance at beginning of period $ 397,891 $ 507,588 Less: Reinsurance recoverables (1) 11,009 8,350 Balance at beginning of period, net of reinsurance recoverables 386,882 499,238 Add: Losses and LAE incurred in respect of default notices reported and unreported in: Current year (2) 73,494 67,286 Prior years (5,617 ) (11,311 ) Total incurred 67,877 55,975 Deduct: Paid claims and LAE related to: Current year (2) 507 1,091 Prior years 66,510 115,369 Total paid 67,017 116,460 Balance at end of period, net of reinsurance recoverables 387,742 438,753 Add: Reinsurance recoverables (1) 13,552 9,341 Balance at end of period $ 401,294 $ 448,094 ______________________ (1) Related to ceded losses recoverable, if any, on reinsurance transactions. See Note 7 for additional information. (2) Related to underlying defaulted loans with a most recent default notice dated in the year indicated. For example, if a loan had defaulted in a prior year, but then subsequently cured and later re-defaulted in the current year, that default would be considered a current year default.

Note 11 - Borrowings and Fina_2

Note 11 - Borrowings and Financing Activities (Tables)	6 Months Ended
	Jun. 30, 2019
Senior Notes [Abstract]
Schedule of Senior Notes [Table Text Block]	The carrying value of our debt at June 30, 2019 and December 31, 2018 was as follows: (In thousands) June 30, December 31, Senior notes: 5.500% Senior Notes due 2019 $ — $ 158,324 5.250% Senior Notes due 2020 26,852 232,729 7.000% Senior Notes due 2021 69,857 195,867 4.500% Senior Notes due 2024 443,931 443,428 4.875% Senior Notes due 2027 442,250 — Total senior notes $ 982,890 $ 1,030,348 FHLB advances: FHLB advances due 2019 $ 72,400 $ 60,550 FHLB advances due 2020 2,991 2,991 FHLB advances due 2021 14,000 8,000 FHLB advances due 2022 6,000 — FHLB advances due 2023 8,995 8,995 FHLB advances due 2024 1,996 1,996 Total FHLB advances $ 106,382 $ 82,532

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost [Table Text Block]	The following tables provide additional information related to our leases, including: (i) the components of our total lease cost; (ii) the cash flows arising from our lease transactions; (iii) supplemental balance sheet information; (iv) the weighted-average remaining lease term; (v) the weighted-average discount rate used for our leases; and (vi) the remaining maturities of our lease liabilities, as of and for the periods indicated: ($ in thousands) Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Lease cost Operating lease cost $ 2,347 $ 4,666 Short-term lease cost 52 75 Total lease cost $ 2,399 $ 4,741 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (2,639 ) $ (5,276 )
Lessee, Operating Leases [Text Block]	($ in thousands) June 30, 2019 Operating leases: Operating lease right-of-use assets (1) $ 44,844 Operating lease liabilities (2) 68,359 Weighted-average remaining lease term - operating leases (in years) 10.22 years Weighted-average discount rate - operating leases 6.76 % Remaining maturities of lease liabilities for the remainder of 2019 and thereafter is as follows: 2019 $ 5,234 2020 10,424 2021 9,961 2022 10,136 2023 10,275 2024 and thereafter 56,542 Total lease payments 102,572 Less: Imputed interest (34,213 ) Present value of lease liabilities (2) $ 68,359 ______________________ (1) Classified in other assets in our condensed consolidated balance sheets. See Note 8 . (2) Classified in other liabilities in our condensed consolidated balance sheets.
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Our commitment for non-cancelable leases in future years as of December 31, 2018 was as follows (in thousands): 2019 $ 11,310 2020 10,847 2021 10,165 2022 10,100 2023 10,251 2024 and thereafter 56,317 Total $ 108,990

Note 14 - Accumulated Other C_2

Note 14 - Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table shows the rollforward of accumulated other comprehensive income (loss) as of the periods indicated: Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 (In thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Balance at beginning of period $ 22,144 $ 4,650 $ 17,494 $ (77,114 ) $ (16,194 ) $ (60,920 ) Other comprehensive income (loss): Unrealized gains (losses) on investments: Unrealized holding gains (losses) arising during the period 91,140 19,140 72,000 189,903 39,880 150,023 Less: Reclassification adjustment for net gains (losses) included in net income (1) 1,303 274 1,029 808 170 638 Net unrealized gains (losses) on investments 89,837 18,866 70,971 189,095 39,710 149,385 Unrealized foreign currency translation adjustments (4 ) (1 ) (3 ) (4 ) (1 ) (3 ) Other comprehensive income (loss) 89,833 18,865 70,968 189,091 39,709 149,382 Balance at end of period $ 111,977 $ 23,515 $ 88,462 $ 111,977 $ 23,515 $ 88,462 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Balance at beginning of period $ (39,842 ) $ (8,367 ) $ (31,475 ) $ 32,669 $ 9,584 $ 23,085 Cumulative effect of adopting accounting standard updates — — — 284 (2,664 ) 2,948 Balance adjusted for cumulative effect of adopting accounting standard updates (39,842 ) (8,367 ) (31,475 ) 32,953 6,920 26,033 Other comprehensive income (loss): Unrealized gains (losses) on investments: Unrealized holding gains (losses) arising during the period (35,194 ) (7,390 ) (27,804 ) (111,957 ) (23,510 ) (88,447 ) Less: Reclassification adjustment for net gains (losses) included in net income (1) (1,691 ) (355 ) (1,336 ) (5,655 ) (1,187 ) (4,468 ) Net unrealized gains (losses) on investments (33,503 ) (7,035 ) (26,468 ) (106,302 ) (22,323 ) (83,979 ) Unrealized foreign currency translation adjustments — — — 4 1 3 Other comprehensive income (loss) (33,503 ) (7,035 ) (26,468 ) (106,298 ) (22,322 ) (83,976 ) Balance at end of period $ (73,345 ) $ (15,402 ) $ (57,943 ) $ (73,345 ) $ (15,402 ) $ (57,943 ) ______________________ (1) Included in net gains (losses) on investments and other financial instruments on our condensed consolidated statements of operations.

Note 15 - Statutory Informati_2

Note 15 - Statutory Information (Tables)	6 Months Ended
	Jun. 30, 2019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Risk To Capital Calculation [Table Text Block]	Radian Guaranty’s Risk-to-capital calculation appears in the table below. For purposes of the Risk-to-capital requirements imposed by certain states, statutory capital is defined as the sum of statutory policyholders’ surplus plus statutory contingency reserves. June 30, December 31, ($ in millions) RIF, net (1) $ 42,154.0 $ 40,711.3 Common stock and paid-in capital $ 1,041.0 $ 1,416.0 Surplus Note 100.0 100.0 Unassigned earnings (deficit) (605.7 ) (701.9 ) Statutory policyholders’ surplus 535.3 814.1 Contingency reserve 2,351.2 2,109.9 Statutory capital $ 2,886.5 $ 2,924.0 Risk-to-capital 14.6:1 13.9:1 ______________________ (1) Excludes risk ceded through all reinsurance programs (including with affiliates) and RIF on defaulted loans.

Note 1 - Condensed Consolidat_3

Note 1 - Condensed Consolidated Financial Statements - Business Overview and Significant Accounting Policies Business Overview (Details) $ in Billions	6 Months Ended
	Jun. 30, 2019USD ($)segment
Business Overview [Abstract]
Number of Reportable Business Segments | segment	2
Mortgage Insurance Segment
Mortgage Insurance [Abstract]
Private Mortgage Insurance Protects Lenders For Loans Made With Less Than This Maximum Down Payment Percentage	20.00%
Private Mortgage Insurance Protects Lenders For Refinancings Made to Home Buyers With Less Than This Maximum Equity-Ownership Percentage	20.00%
Direct Primary Mortgage Insurance in Force	$ 230.8
Direct Primary Mortgage Insurance RIF	$ 59.1

Note 1 - Condensed Consolidat_4

Note 1 - Condensed Consolidated Financial Statements - Business Overview and Significant Accounting Policies Significant Accounting Policies (Details) - USD ($) $ in Thousands		Jan. 01, 2019	Jun. 30, 2019		Dec. 31, 2018
Operating Lease, Right-of-Use Asset	[2]		$ 44,844	[1]	$ 0
Operating Lease, Liability, Not Yet Commenced			$ 0
ASU 2016-02
Increase (Decrease) in Other Liabilities		$ 73,500
Adjustment for Unamortized Allowances and Incentives		24,100
Operating Lease, Right-of-Use Asset		$ 49,400
[1]	Classified in other assets in our condensed consolidated balance sheets. See Note 8 .
[2]	Represents right-of-use assets recognized as a result of our adoption, as of January 1, 2019, of the new accounting and disclosure requirements for leases of property, plant and equipment. See Note 1 for additional information. Right-of-use assets are shown less accumulated amortization of $4.6 million at June 30, 2019 .

Note 2 - Net Income Per Share N

Note 2 - Net Income Per Share Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income—diluted		$ 166,730	$ 208,949	$ 337,687	$ 323,435
Dilutive effect of share-based compensation arrangements	[1]	5,506	3,854	5,236	3,692
Adjusted average common shares outstanding—diluted		213,603	217,830	216,500	218,741
Net income (loss) per share—diluted		$ 0.78	$ 0.96	$ 1.56	$ 1.48
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income - basic		$ 166,730	$ 208,949	$ 337,687	$ 323,435
Average common shares outstanding - basic		208,097	213,976	211,264	215,049
Net income (loss) per share - basic		$ 0.80	$ 0.98	$ 1.60	$ 1.50
Stock Compensation Plan
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Shares of common stock equivalents		168	484	168	351
[1]	The following number of shares of our common stock equivalents issued under our share-based compensation arrangements were not included in the calculation of diluted net income per share because they were anti-dilutive: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Shares of common stock equivalents 168 484 168 351

Note 3 - Segment Reporting Segm

Note 3 - Segment Reporting Segments (Details)	6 Months Ended
	Jun. 30, 2019segment
Segment Reporting Information [Line Items]
Number of Operating Segments	2

Note 3 - Segment Reporting Adju

Note 3 - Segment Reporting Adjusted Pretax Operating Income (Loss) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted pretax operating income (loss)	$ 215,839		$ 191,009	$ 417,909		$ 355,112
Net gains (losses) on investments and other financial instruments	12,540		(7,404)	34,453		(26,291)
Loss on extinguishment of debt	(16,798)		0	(16,798)		0
Amortization and impairment of other acquired intangible assets	(2,139)		(2,748)	(4,326)		(5,496)
Impairment of other long-lived assets and other-non-operating items	103		(286)	(5,557)		(312)
Consolidated pretax income (loss)	$ 209,545		180,571	425,681		323,013
Mortgage Insurance Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Decrease in Other Operating Expenses Per Share	$ 0.02
Increase in Net Premiums Earned Per Share	$ 0.12
Adjusted pretax operating income (loss)	$ 219,365	[1]	197,440	427,535	[1]	369,151
Mortgage and Real Estate Services Segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted pretax operating income (loss)	$ (3,526)		$ (6,431)	$ (9,626)		$ (14,039)
[1]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described below.

Note 3 - Segment Reporting Reve

Note 3 - Segment Reporting Revenue (Details)		3 Months Ended			6 Months Ended
		Jun. 30, 2019USD ($)		Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)		Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Revenue Non GAAP Basis		$ 383,501,000		$ 327,546,000	$ 726,187,000		$ 639,025,000
Net gains (losses) on investments and other financial instruments		12,540,000		(7,404,000)	34,453,000		(26,291,000)
Revenues		394,964,000		319,257,000	$ 758,593,000		610,847,000
Increase in Net Premium Earned		32,900,000
Reduction in Other Operating Expense		$ 6,200,000
Percent of LTV at which HPA Must Be Canceled Automatically		0.78			0.78
Unbilled Contracts Receivable		$ 21,725,000			$ 21,725,000			$ 19,917,000
Mortgage Insurance Segment
Revenue Non GAAP Basis		340,520,000	[1]	287,036,000	647,159,000	[1]	564,349,000
Mortgage and Real Estate Services Segment
Revenue Non GAAP Basis		42,981,000		40,510,000	79,028,000		74,676,000
Inter-segment revenues	[2]	1,077,000		885,000	2,047,000		1,887,000
Sales Revenue, Services and Other, Net		39,303,000		36,828,000	72,056,000		69,992,000
Provision for Doubtful Accounts					0
Accounts Receivable, Net		16,846,000			16,846,000			15,461,000
Unbilled Contracts Receivable		21,725,000			21,725,000			19,917,000
Deferred Revenue		2,861,000			2,861,000			$ 3,204,000
Mortgage Services | Mortgage and Real Estate Services Segment
Sales Revenue, Services and Other, Net		17,220,000		20,192,000	32,313,000		36,687,000
Real Estate Services | Mortgage and Real Estate Services Segment
Sales Revenue, Services and Other, Net		16,938,000		14,570,000	32,775,000		28,964,000
Title Services | Mortgage and Real Estate Services Segment
Sales Revenue, Services and Other, Net		$ 5,145,000		$ 2,066,000	$ 6,968,000		$ 4,341,000
[1]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies, as further described above.
[2]	Inter-segment revenues included in the Services segment.

Note 4 - Fair Value of Financ_3

Note 4 - Fair Value of Financial Instruments Assets Measured at Fair Value by Hierarchy Level (Details) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2019		Dec. 31, 2018
Fair Value by Hierarchy Level [Line Items]
Loaned securities		$ 29,064,000		$ 27,860,000
Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value	[1]	5,510,501,000
Assets, Fair Value Disclosure		5,539,565,000	[1]	5,177,474,000	[2]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net		0		0
Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value	[2]			5,149,614,000
Fair Value, Measurements, Recurring | Investments Measured at NAV
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		2,800,000		3,400,000
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value	[1]	599,483,000
Assets, Fair Value Disclosure		605,536,000	[1]	431,096,000	[2]
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value	[2]			411,054,000
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value	[1]	4,911,018,000
Assets, Fair Value Disclosure		4,934,029,000	[1]	4,746,378,000	[2]
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value	[2]			4,738,560,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Assets, Fair Value Disclosure		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		0		0
Securities Financing Transaction, Fair Value | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		1,502,000	[3]	9,987,000	[4]
Securities Financing Transaction, Fair Value | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Loaned securities		23,011,000	[3]	7,818,000	[4]
Securities Financing Transaction, Fair Value | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		4,551,000	[3]	10,055,000	[4]
Securities Financing Transaction, Fair Value | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		1,502,000	[3]	9,987,000	[4]
Securities Financing Transaction, Fair Value | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Loaned securities		0	[3]	0	[4]
Securities Financing Transaction, Fair Value | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		4,551,000	[3]	10,055,000	[4]
Securities Financing Transaction, Fair Value | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		0	[3]	0	[4]
Securities Financing Transaction, Fair Value | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Loaned securities		23,011,000	[3]	7,818,000	[4]
Securities Financing Transaction, Fair Value | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		0	[3]	0	[4]
Fixed maturities | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		4,113,650,000		4,021,575,000
Fixed maturities | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		84,420,000		84,070,000
Fixed maturities | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		107,962,000		138,313,000
Fixed maturities | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		2,249,315,000		2,222,473,000
Fixed maturities | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		433,773,000		332,142,000
Fixed maturities | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		571,923,000		539,915,000
Fixed maturities | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		661,089,000		704,662,000
Fixed maturities | Fair Value, Measurements, Recurring | Foreign government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,168,000
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		49,929,000		55,658,000
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		49,929,000		55,658,000
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Fixed maturities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Foreign government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		4,063,721,000		3,965,917,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		34,491,000		28,412,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		107,962,000		138,313,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		2,249,315,000		2,222,473,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		433,773,000		332,142,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		571,923,000		539,915,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		661,089,000		704,662,000
Fixed maturities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Foreign government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,168,000
Trading Securities | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		337,017,000		469,071,000
Trading Securities | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		128,824,000		168,359,000
Trading Securities | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		155,793,000		228,152,000
Trading Securities | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		17,511,000		21,082,000
Trading Securities | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		34,889,000		51,478,000
Trading Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Trading Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Trading Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Trading Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Trading Securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		337,017,000		469,071,000
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		128,824,000		168,359,000
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		155,793,000		228,152,000
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		17,511,000		21,082,000
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		34,889,000		51,478,000
Equity securities | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		149,954,000		130,565,000
Equity securities | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		144,882,000		126,607,000
Equity securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,072,000		3,958,000
Short-term Investments | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		909,880,000		528,403,000
Short-term Investments | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		142,206,000		133,657,000
Short-term Investments | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		13,990,000		18,070,000
Short-term Investments | Fair Value, Measurements, Recurring | Money market instruments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		262,466,000		95,132,000
Short-term Investments | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		89,910,000		105,625,000
Short-term Investments | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value				806,000
Short-term Investments | Fair Value, Measurements, Recurring | Other investments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		401,308,000	[5]	175,113,000	[6]
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		404,672,000		228,789,000
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		142,206,000		133,657,000
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Money market instruments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		262,466,000		95,132,000
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value				0
Short-term Investments | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Other investments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0	[5]	0	[6]
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		505,208,000		299,614,000
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		13,990,000		18,070,000
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Money market instruments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		89,910,000		105,625,000
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value				806,000
Short-term Investments | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other investments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		$ 401,308,000	[5]	$ 175,113,000	[6]
[1]	Does not include other invested assets of $2.8 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient.
[2]	Does not include other invested assets of $3.4 million
[3]	Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 5 for more information.
[4]	Securities loaned to third-party borrowers under securities lending agreements are classified as other assets in our condensed consolidated balance sheets. See Note 5 for more information.
[5]	Comprising short-term certificates of deposit and commercial paper.
[6]	Comprising short-term certificates of deposit and commercial paper.

Note 4 - Fair Value of Financ_4

Note 4 - Fair Value of Financial Instruments Other Fair Value Disclosure (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	$ 982,890	$ 1,030,348
FHLB advances	106,382	82,532
Carrying (Reported) Amount, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	982,890	1,030,348
FHLB advances	106,382	82,532
Estimate of Fair Value, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Fair Value	1,016,661	1,007,687
FHLB advances, Fair Value	$ 107,366	$ 82,899

Note 5 - Investments Available

Note 5 - Investments Available for Sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 4,003,367	$ 4,098,962
Debt Securities, Available-for-sale	4,113,650	4,021,575
Total fixed-maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	4,026,617
Debt Securities, Available-for-sale	4,138,106
Fixed maturities | US government and agency securities
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	84,807	85,532
Available for Sale Securities, Fair Value	85,922	84,070
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1,151	46
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	36	1,508
Fixed maturities | State and municipal obligations
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	100,214	138,022
Available for Sale Securities, Fair Value	107,962	138,313
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	7,750	2,191
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	2	1,900
Fixed maturities | Corporate bonds and notes
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	2,192,119	2,288,720
Available for Sale Securities, Fair Value	2,272,269	2,229,885
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	81,488	5,053
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	1,338	63,888
Fixed maturities | RMBS
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	425,138	334,843
Available for Sale Securities, Fair Value	433,773	332,142
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	10,060	1,785
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	1,425	4,486
Fixed maturities | CMBS
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	557,353	546,729
Available for Sale Securities, Fair Value	571,923	539,915
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	15,302	544
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	732	7,358
Fixed maturities | Other ABS
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	661,898	712,748
Available for Sale Securities, Fair Value	661,089	704,662
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	2,166	814
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	2,975	8,900
Fixed maturities | Foreign government and agency securities
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	5,088
Available for Sale Securities, Fair Value	5,168
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	80
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0
Fixed maturities | Total fixed-maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	4,026,617	4,106,594
Debt Securities, Available-for-sale, Amortized Cost	4,003,367	4,098,962
Available for Sale Securities, Fair Value	4,138,106	4,028,987
Debt Securities, Available-for-sale	4,113,650	4,021,575
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	117,997	10,433
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	6,508	88,040
Fixed maturities | Securities Financing Transaction, Cost | Total fixed-maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Amortized Cost	23,250	7,632
Fixed maturities | Securities Financing Transaction, Fair Value | Total fixed-maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Available for Sale Securities, Fair Value	$ 24,456	$ 7,412

Note 5 - Investments Gross Unre

Note 5 - Investments Gross Unrealized Losses and Fair Value of Available for Sale Securities (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)security	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)security	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)security
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	79		79		550
Fair Value, Less Than 12 Months	$ 318,069		$ 318,069		$ 2,201,228
Unrealized Losses, Less Than 12 Months	$ 2,331		$ 2,331		$ 50,707
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	110		110		237
Fair Value, 12 Months or Greater	$ 349,606		$ 349,606		$ 957,742
Unrealized Losses, 12 Months or Greater	$ 4,177		$ 4,177		$ 37,333
Continuous Loss Position, Total
Number of Securities, Total | security	189		189		787
Fair Value, Total	$ 667,675		$ 667,675		$ 3,158,970
Unrealized Losses, Total	$ 6,508		$ 6,508		$ 88,040
US government and agency securities
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	0		0		2
Fair Value, Less Than 12 Months	$ 0		$ 0		$ 27,415
Unrealized Losses, Less Than 12 Months	$ 0		$ 0		$ 796
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	4		4		8
Fair Value, 12 Months or Greater	$ 12,370		$ 12,370		$ 23,476
Unrealized Losses, 12 Months or Greater	$ 36		$ 36		$ 712
Continuous Loss Position, Total
Number of Securities, Total | security	4		4		10
Fair Value, Total	$ 12,370		$ 12,370		$ 50,891
Unrealized Losses, Total	$ 36		$ 36		$ 1,508
State and municipal obligations
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	1		1		12
Fair Value, Less Than 12 Months	$ 3,249		$ 3,249		$ 41,263
Unrealized Losses, Less Than 12 Months	$ 1		$ 1		$ 955
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	1		1		16
Fair Value, 12 Months or Greater	$ 999		$ 999		$ 39,982
Unrealized Losses, 12 Months or Greater	$ 1		$ 1		$ 945
Continuous Loss Position, Total
Number of Securities, Total | security	2		2		28
Fair Value, Total	$ 4,248		$ 4,248		$ 81,245
Unrealized Losses, Total	$ 2		$ 2		$ 1,900
Corporate bonds and notes
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	19		19		330
Fair Value, Less Than 12 Months	$ 82,685		$ 82,685		$ 1,208,430
Unrealized Losses, Less Than 12 Months	$ 586		$ 586		$ 36,284
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	27		27		126
Fair Value, 12 Months or Greater	$ 102,857		$ 102,857		$ 601,533
Unrealized Losses, 12 Months or Greater	$ 752		$ 752		$ 27,604
Continuous Loss Position, Total
Number of Securities, Total | security	46		46		456
Fair Value, Total	$ 185,542		$ 185,542		$ 1,809,963
Unrealized Losses, Total	$ 1,338		$ 1,338		$ 63,888
RMBS
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	1		1		15
Fair Value, Less Than 12 Months	$ 32		$ 32		$ 92,315
Unrealized Losses, Less Than 12 Months	$ 1		$ 1		$ 782
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	24		24		28
Fair Value, 12 Months or Greater	$ 58,905		$ 58,905		$ 77,395
Unrealized Losses, 12 Months or Greater	$ 1,424		$ 1,424		$ 3,704
Continuous Loss Position, Total
Number of Securities, Total | security	25		25		43
Fair Value, Total	$ 58,937		$ 58,937		$ 169,710
Unrealized Losses, Total	$ 1,425		$ 1,425		$ 4,486
CMBS
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	16		16		62
Fair Value, Less Than 12 Months	$ 33,267		$ 33,267		$ 328,696
Unrealized Losses, Less Than 12 Months	$ 555		$ 555		$ 3,973
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	10		10		33
Fair Value, 12 Months or Greater	$ 6,751		$ 6,751		$ 125,728
Unrealized Losses, 12 Months or Greater	$ 177		$ 177		$ 3,385
Continuous Loss Position, Total
Number of Securities, Total | security	26		26		95
Fair Value, Total	$ 40,018		$ 40,018		$ 454,424
Unrealized Losses, Total	$ 732		$ 732		$ 7,358
Other ABS
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	42		42		129
Fair Value, Less Than 12 Months	$ 198,836		$ 198,836		$ 503,109
Unrealized Losses, Less Than 12 Months	$ 1,188		$ 1,188		$ 7,917
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	44		44		26
Fair Value, 12 Months or Greater	$ 167,724		$ 167,724		$ 89,628
Unrealized Losses, 12 Months or Greater	$ 1,787		$ 1,787		$ 983
Continuous Loss Position, Total
Number of Securities, Total | security	86		86		155
Fair Value, Total	$ 366,560		$ 366,560		$ 592,737
Unrealized Losses, Total	2,975		2,975		$ 8,900
OTTI Recognized in Earnings
Continuous Loss Position, Total
Other-than-temporary impairment losses	$ 0	$ 0	0	$ 844
OTTI Recognized in AOCI
Continuous Loss Position, Total
Other-than-temporary impairment losses			$ 0	$ 0

Note 5 - Investments Securities

Note 5 - Investments Securities Lending Agreements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Securities Financing Transaction [Line Items]
Securities Received as Collateral	$ 20,862	$ 11,699
Securities Financing Transaction, Fair Value
Securities Financing Transaction [Line Items]
Securities Received as Collateral	$ 9,000	$ 16,800

Note 5 - Investments Net Gains

Note 5 - Investments Net Gains (Losses) on Investments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Gain (Loss) on Securities [Line Items]
Net realized gains (losses) on investments		$ 1,721	$ (1,088)	$ 34	$ (4,530)
Unrealized Gain (Loss) on Securities		9,117	(5,733)	28,586	(18,537)
Total net gains (losses) on investments		10,838	(6,821)	28,620	(23,911)
Fixed maturities
Gain (Loss) on Securities [Line Items]
Fixed maturities available for sale, net realized gain (loss)	[1]	1,303	(1,691)	808	(4,811)
Gross investment gains from sales and redemptions		2,064	419	6,229	1,017
Gross investment losses from sales and redemptions		(761)	(2,110)	(5,421)	(5,828)
Trading Securities
Gain (Loss) on Securities [Line Items]
Trading securities, net realized gain (loss)		274	(112)	(410)	(650)
Equity securities
Gain (Loss) on Securities [Line Items]
Equity Securities, FV-NI, Realized Gain (Loss)		0	498	(680)	640
Short-term Investments
Gain (Loss) on Securities [Line Items]
Debt and Equity Securities, Gain (Loss)		144	217	316	291
OTTI Recognized in Earnings
Gain (Loss) on Securities [Line Items]
Other-than-temporary impairment losses		$ 0	$ 0	$ 0	$ (844)
[1]	Components of net realized gains (losses) on fixed-maturities available for sale include: Three Months Ended Six Months Ended (In thousands) 2019 2018 2019 2018 Gross investment gains from sales and redemptions $ 2,064 $ 419 $ 6,229 $ 1,017 Gross investment losses from sales and redemptions (761 ) (2,110 ) (5,421 ) (5,828 )

Note 5 - Investments Net Unreal

Note 5 - Investments Net Unrealized Gains (Losses) on Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Gain (Loss) on Securities [Line Items]
Net changes in unrealized gains (losses) on investments	$ 9,150	$ (5,503)	$ 23,634	$ (17,245)
Trading Securities
Gain (Loss) on Securities [Line Items]
Trading Securities, Change in Unrealized Holding Gain (Loss)	7,608	(5,816)	15,027	(16,755)
Equity securities
Gain (Loss) on Securities [Line Items]
Equity Securities, Change in Unrealized Holding Gain (Loss)	1,404	224	8,600	(702)
Other investments
Gain (Loss) on Securities [Line Items]
Other Investments, Change in Unrealized Holding Gain (Loss)	$ 138	$ 89	$ 7	$ 212

Note 5 - Investments Contractua

Note 5 - Investments Contractual Maturities (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018
Available-for-sale Securities, Amortized Cost
Fixed-maturities available for sale—at amortized cost		$ 4,003,367	$ 4,098,962
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Total, Fair Value		4,113,650	4,021,575
Non Asset Backed Security Investments, Contractual Maturities [Member]
Available-for-sale Securities, Amortized Cost
Due in one year or less	[1]	102,282
Due after one year through five years	[1]	863,246
Due after five years through ten years	[1]	1,041,249
Due after ten years	[1]	375,451
Available-for-sale Securities, Fair Value
Due in one year or less	[1]	102,313
Due after one year through five years	[1]	878,955
Due after five years through ten years	[1]	1,087,023
Due after ten years	[1]	403,030
RMBS
Available-for-sale Securities, Amortized Cost
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Amortized Cost	[2]	425,138
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Fair Value	[2]	433,773
CMBS
Available-for-sale Securities, Amortized Cost
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Amortized Cost	[2]	557,353
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Fair Value	[2]	571,923
Other ABS
Available-for-sale Securities, Amortized Cost
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Amortized Cost	[2]	661,898
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Fair Value	[2]	661,089
Total fixed-maturities available for sale
Available-for-sale Securities, Amortized Cost
Fixed-maturities available for sale—at amortized cost		4,026,617
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Total, Fair Value		4,138,106
Fixed maturities | RMBS
Available-for-sale Securities, Amortized Cost
Available-for-sale Securities, Amortized Cost Basis		425,138	334,843
Available-for-sale Securities, Fair Value
Available-for-sale Securities		433,773	332,142
Fixed maturities | CMBS
Available-for-sale Securities, Amortized Cost
Available-for-sale Securities, Amortized Cost Basis		557,353	546,729
Available-for-sale Securities, Fair Value
Available-for-sale Securities		571,923	539,915
Fixed maturities | Other ABS
Available-for-sale Securities, Amortized Cost
Available-for-sale Securities, Amortized Cost Basis		661,898	712,748
Available-for-sale Securities, Fair Value
Available-for-sale Securities		661,089	704,662
Fixed maturities | Total fixed-maturities available for sale
Available-for-sale Securities, Amortized Cost
Fixed-maturities available for sale—at amortized cost		4,003,367	4,098,962
Available-for-sale Securities, Amortized Cost Basis		4,026,617	4,106,594
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Total, Fair Value		4,113,650	4,021,575
Available-for-sale Securities		4,138,106	4,028,987
Fixed maturities | Securities Financing Transaction, Cost | Total fixed-maturities available for sale
Available-for-sale Securities, Amortized Cost
Available-for-sale Securities, Amortized Cost Basis		23,250	7,632
Fixed maturities | Securities Financing Transaction, Fair Value | Total fixed-maturities available for sale
Available-for-sale Securities, Fair Value
Available-for-sale Securities		$ 24,456	$ 7,412
[1]	Actual maturities may differ as a result of calls before scheduled maturity.
[2]	RMBS, CMBS and Other ABS are shown separately, as they are not due at a single maturity date.

Note 5 - Investments Other (Det

Note 5 - Investments Other (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 112.6	$ 88.4
Debt securities
Assets Held by Insurance Regulators	$ 16.8	$ 17.6

Note 6 - Goodwill and Other A_3

Note 6 - Goodwill and Other Acquired Intangible Assets, Net General (Details) - Mortgage and Real Estate Services Segment - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Goodwill, Acquired During Period	$ 538	$ 3,170
Technology
Finite-Lived Intangible Assets, Period Increase (Decrease)	400
Client relationships
Finite-Lived Intangible Assets, Period Increase (Decrease)	$ 100

Note 6 - Goodwill and Other A_4

Note 6 - Goodwill and Other Acquired Intangible Assets, Net Schedule of Goodwill (Details) - Mortgage and Real Estate Services Segment - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Goodwill, Gross, Beginning of Period	$ 200,561	$ 197,391
Goodwill, Acquired During Period	538	3,170
Goodwill, Gross, End of Period	201,099	200,561
Goodwill, Impaired, Accumulated Impairment Loss, Beginning of Period	(186,469)	(186,469)
Goodwill, Impaired, Accumulated Impairment Loss, End of Period	(186,469)	(186,469)
Goodwill, Net	$ 14,630	$ 14,092	$ 10,922

Note 6 - Goodwill and Other A_5

Note 6 - Goodwill and Other Acquired Intangible Assets, Net Schedule of Other Intangible Assets (Details) - Mortgage and Real Estate Services Segment - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount	$ 109,812	$ 110,350
Other Intangible Assets, Accumulated Amortization and Impairment	(69,770)	(65,444)
Other Intangible Assets, Net Carrying Amount	40,042	44,906
Client relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount	83,860	84,000
Other Intangible Assets, Accumulated Amortization and Impairment	(51,257)	(48,227)
Other Intangible Assets, Net Carrying Amount	32,603	35,773
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount	16,964	17,362
Other Intangible Assets, Accumulated Amortization and Impairment	(13,978)	(13,141)
Other Intangible Assets, Net Carrying Amount	2,986	4,221
Trade name and trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount	8,340	8,340
Other Intangible Assets, Accumulated Amortization and Impairment	(4,296)	(3,864)
Other Intangible Assets, Net Carrying Amount	4,044	4,476
Non-competition agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount	185	185
Other Intangible Assets, Accumulated Amortization and Impairment	(181)	(177)
Other Intangible Assets, Net Carrying Amount	4	8
Licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount	463	463
Other Intangible Assets, Accumulated Amortization and Impairment	(58)	(35)
Other Intangible Assets, Net Carrying Amount	$ 405	$ 428

Note 7 - Reinsurance Net Premiu

Note 7 - Reinsurance Net Premiums Written and Earned, Insurance (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018
Premiums Written, Net [Abstract]
Direct Premiums Written		$ 279,991		$ 284,713	$ 541,022		$ 541,312
Assumed Premiums Written	[1]	2,475		1,504	4,920		2,816
Ceded Premiums Written	[2]	(14,289)		(31,883)	(24,445)		(51,814)
Net premiums written—insurance		268,177		254,334	521,497		492,314
Premiums Earned, Net [Abstract]
Direct Premiums Earned		333,791	[3]	266,512	614,014	[3]	523,943
Assumed Premiums Earned	[1]	2,481		1,510	4,931		2,828
Ceded Premiums Earned	[2]	(37,106)	[3]	(16,678)	(56,267)	[3]	(32,877)
Net premiums earned—insurance		299,166	[3]	251,344	562,678	[3]	493,894
QSR and Single Premium QSR Programs | Reinsurer Concentration Risk
Ceded Credit Risk [Line Items]
Ceding Commissions Earned		16,353	[3]	8,539	25,038	[3]	17,355
Ceded losses		$ 1,868		$ 1,019	$ 3,555		$ 2,165
[1]	Includes premiums earned from our participation in certain Front-end and Back-end credit risk transfer programs.
[2]	Net of profit commission.
[3]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information.

Note 7 - Reinsurance QSR Progra

Note 7 - Reinsurance QSR Program (Details) - USD ($) $ in Billions	Jun. 30, 2019	Jun. 30, 2018
Radian Guaranty | Reinsurer Concentration Risk | QSR Program
Risk In Force	$ 0.8	$ 1

Note 7 - Reinsurance Single Pre

Note 7 - Reinsurance Single Premium QSR Program (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Oct. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Ceded Premiums Written	[1]			$ 14,289	$ 31,883	$ 24,445	$ 51,814
2016 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Risk In Force				5,900,000	6,600,000	5,900,000	6,600,000
2018 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Risk In Force				$ 2,600,000	$ 1,000,000	$ 2,600,000	$ 1,000,000
Concentration Risk, Percentage		65.00%
Ceded Premiums Written			$ 335,000
[1]	Net of profit commission.

Note 7 - Reinsurance Excess-of-

Note 7 - Reinsurance Excess-of-Loss Program (Details) $ in Thousands		1 Months Ended		3 Months Ended			6 Months Ended
		Apr. 30, 2019USD ($)	Nov. 30, 2018USD ($)	Jun. 30, 2019USD ($)arrangements		Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)arrangements		Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Ceded Premiums Earned	[2]			$ 37,106	[1]	$ 16,678	$ 56,267	[1]	$ 32,877
Mortgage Insurance Segment
Risk In Force				59,100,000			59,100,000
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	[3]			996,070			996,070			$ 434,034
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount				997,037			997,037			435,148
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | Eagle Re 2018-1 (Primary)
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	[3]			434,034			434,034			434,034
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount				434,591			434,591			435,148
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | Eagle Re 2019-1 (Primary)
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	[3]			562,036			562,036
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount				562,446			562,446
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | On-Balance Sheet
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount				967			967			1,114
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | On-Balance Sheet | Eagle Re 2018-1 (Primary)
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	[4]			557			557			1,114
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | On-Balance Sheet | Eagle Re 2019-1 (Primary)
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	[4]			410			410
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | Off-Balance Sheet
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	[5]			996,070			996,070			434,034
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | Off-Balance Sheet | Eagle Re 2018-1 (Primary)
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	[5]			434,034			434,034			$ 434,034
Excess-of-Loss Program | Mortgage Insurance Segment | Radian Guaranty | Off-Balance Sheet | Eagle Re 2019-1 (Primary)
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	[5]			$ 562,036			$ 562,036
Excess-of-Loss Program | Reinsurer Concentration Risk | Radian Guaranty
Number of Fully Collateralized Reinsurance Arrangements with the Eagle Re Issuers | arrangements				2			2
Ceded Premiums Earned				$ 7,700			$ 10,900
Excess-of-Loss Program | Reinsurer Concentration Risk | Mortgage Insurance Segment | Radian Guaranty | Eagle Re 2018-1 (Primary)
Reinsurance Retention Policy, Excess Retention, Amount Reinsured			$ 434,000
Risk In Force			9,100,000
Excess-of-Loss Program | Reinsurer Concentration Risk | Mortgage Insurance Segment | Radian Guaranty | Eagle Re 2019-1 (Primary)
Reinsurance Retention Policy, Excess Retention, Amount Reinsured		$ 562,000
Risk In Force		10,700,000
Proceeds from Issuance of Debt		$ 562,000
Excess-of-Loss Program | Reinsurer Concentration Risk | Mortgage Insurance Segment | Radian Guaranty | Separate Third-Party Reinsurer
Reinsurance Retention Policy, Excess Retention, Amount Reinsured			$ 21,400
[1]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 related to an update to the amortization rates used to recognize revenue for Single Premium Policies. See Note 3 for further information.
[2]	Net of profit commission.
[3]	Assets held by the Eagle Re Issuers are required to be invested in U.S. government money market funds, cash or U.S. Treasury securities. Liabilities of the Eagle Re Issuers consist of their mortgage insurance-linked notes, described above.
[4]	Represents the fair value of the related embedded derivative, included in other assets in our condensed consolidated balance sheets.
[5]	Represents Radian Guaranty’s maximum exposure to loss in the event the VIE is unable to meet its obligations to us and our insurance subsidiaries would be liable to make claims payments to our policyholders. In the event that all of the assets in the reinsurance trust (consisting of U.S. government money market funds, cash or U.S. Treasury securities) were to lose their value and the VIE is unable to make its payments to us, our maximum potential loss would be the amount of mortgage insurance claim payments for losses on the insured policies, net of the aggregate reinsurance payments already received, up to the full aggregate excess-of-loss reinsurance coverage amount. In the same scenario, the related embedded derivative would no longer have value.

Note 8 - Other Assets Component

Note 8 - Other Assets Components of Other Assets (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended			12 Months Ended
		Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018	Dec. 31, 2018
Company-owned life insurance		$ 101,988			$ 101,988			$ 83,377
Prepaid federal income taxes (Note 9)		55,000			55,000			0
Internal-use software	[1]	53,631			53,631			51,367
Right-of-use assets	[3]	44,844	[2]		44,844	[2]		0
Property and equipment	[4]	35,742			35,742			37,090
Accrued investment income		32,119			32,119			34,878
Loaned securities (Note 5)		29,064			29,064			27,860
Unbilled receivables		21,725			21,725			19,917
Deferred policy acquisition costs		18,546			18,546			17,311
Reinsurance recoverables		16,841			16,841			14,402
Current federal income tax receivable	[5]	0			0			44,506
Other		20,736			20,736			36,992
Total other assets		430,236			430,236			367,700
Internal-use software, Accumulated Amortization		66,600			66,600			60,300
Internal-use software, Impairments					3,800			5,100
Internal-use software, Amortization		3,400		$ 2,900	6,500		$ 5,700
Accumulated Amortization, Right-of-Use Assets		4,600			4,600
Property and Equipment, Owned, Accumulated Depreciation		66,200			66,200			62,900
Depreciation expense		$ 1,900		$ 1,900	$ 4,000		$ 3,800
REMIC Residual | Internal Revenue Service (IRS)
Refund of Qualified Deposit Assets from U.S. Department of Treasury								$ 57,200
[1]	Internal-use software, at cost, has been reduced by accumulated amortization of $66.6 million and $60.3 million at June 30, 2019 and December 31, 2018 , respectively, as well as $3.8 million of impairment charges in the six months ended June 30, 2019 , and $5.1 million of impairment charges in 2018. Amortization expense was $3.4 million and $2.9 million for the three-month periods ended June 30, 2019 and 2018 , respectively, and $6.5 million and $5.7 million for the six-month periods ended June 30, 2019 and 2018 , respectively.
[2]	Classified in other assets in our condensed consolidated balance sheets. See Note 8 .
[3]	Represents right-of-use assets recognized as a result of our adoption, as of January 1, 2019, of the new accounting and disclosure requirements for leases of property, plant and equipment. See Note 1 for additional information. Right-of-use assets are shown less accumulated amortization of $4.6 million at June 30, 2019 .
[4]	Property and equipment at cost, less accumulated depreciation of $66.2 million and $62.9 million at June 30, 2019 and December 31, 2018 , respectively. Depreciation expense was $1.9 million for both the three-month periods ended June 30, 2019 and 2018 , and $4.0 million and $3.8 million for the six-month periods ended June 30, 2019 and 2018 , respectively.
[5]	During the six months ended June 30, 2019 , current federal income tax receivable was reduced by our receipt of the remaining $57.2 million refund from amounts on deposit with the IRS related to the settlement of the IRS Matter.

Note 9 - Income Taxes Income Ta

Note 9 - Income Taxes Income Tax (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, State and Local, Net of Federal Benefit	$ 63.6
US Treasury Securities
Operating Loss Carryforwards [Line Items]
Debt Securities	55
State and Local NOL Carryforwards
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Amount	$ 62
REMIC Residual | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Qualified Deposit Assets With The U.S. Department Of Treasury Expected to be Submitted		$ 31
Refund of Qualified Deposit Assets from U.S. Department of Treasury		$ 57.2

Note 10 - Losses and Loss Adj_3

Note 10 - Losses and Loss Adjustment Expense Reserve for Losses and LAE by Segment (Details) - USD ($) $ in Thousands		Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense (Note 10)		$ 405,278	$ 401,361
Mortgage Insurance Segment
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense (Note 10)		401,294	397,891	$ 448,094	$ 507,588
Mortgage and Real Estate Services Segment
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense (Note 10)	[1]	$ 3,984	$ 3,470
[1]	A majority of this amount is subject to reinsurance, with the related reinsurance recoverables reported in other assets in our condensed consolidated balance sheets, and relates to Radian Title Insurance. For all periods presented, total incurred losses and paid claims for Radian Title Insurance were not material. See Note 8 of Notes to Consolidated Financial Statements in our 2018 Form 10-K for additional information about our use of reinsurance in our title insurance business.

Note 10 - Losses and Loss Adj_4

Note 10 - Losses and Loss Adjustment Expense Mortgage Insurance Reserve for Losses and LAE Rollforward (Details) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Loss reserve [Roll Forward]
Balance at beginning of period		$ 401,361
Deduct paid claims and LAE related to [Abstract]
Balance at end of period		405,278
Mortgage Insurance Segment
Loss reserve [Roll Forward]
Balance at beginning of period		397,891	$ 507,588
Less: Reinsurance recoverables	[1]	11,009	8,350
Balance at beginning of period, net of reinsurance recoverables		386,882	499,238
Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract]
Incurred Losses and LAE Current year	[2]	73,494	67,286
Incurred Losses and LAE Prior years		(5,617)	(11,311)
Total incurred losses and LAE		67,877	55,975
Deduct paid claims and LAE related to [Abstract]
Paid Losses and LAE Current year	[2]	507	1,091
Paid losses and LAE Prior years		66,510	115,369
Total paid losses and LAE		67,017	116,460
Balance at end of period, net of reinsurance recoverables		387,742	438,753
Add: Reinsurance recoverables	[1]	13,552	9,341
Balance at end of period		$ 401,294	$ 448,094
[1]	Related to ceded losses recoverable, if any, on reinsurance transactions. See Note 7 for additional information.
[2]	Related to underlying defaulted loans with a most recent default notice dated in the year indicated. For example, if a loan had defaulted in a prior year, but then subsequently cured and later re-defaulted in the current year, that default would be considered a current year default.

Note 10 - Losses and Loss Adj_5

Note 10 - Losses and Loss Adjustment Expense Reserve Activity (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Increase in Incurred But Not Reported Reserves	$ 19.4
Mortgage Insurance Segment
Default To Claim Rate Estimate, Gross, For New Defaults		9.00%
Primary Mortgage Product | Mortgage Insurance Segment
Default To Claim Rate Estimate, Gross, For New Defaults	8.00%

Note 10 - Losses and Loss Adj_6

Note 10 - Losses and Loss Adjustment Expense Mortgage Insurance Reserve Assumptions (Details) - Mortgage Insurance Segment	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Default To Claim Rate Estimate, Gross, For New Defaults		9.00%
Primary Mortgage Product
Weighted Average Default To Claim Rate Assumption Net Of Denials Rescissions and Reinstatements	33.00%
Default To Claim Rate Estimate, Gross, For New Defaults	8.00%
Default To Claim Rate Estimate, Gross, For Pre-Foreclosure Stage Defaults	68.00%
Default To Claim Estimate, Gross, For Foreclosure Stage Defaults	72.00%

Note 11 - Borrowings and Fina_3

Note 11 - Borrowings and Financing Activities Schedule of Senior Notes (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Senior Notes	$ 982,890	$ 1,030,348
Advances from Federal Home Loan Banks	106,382	82,532
Senior Notes Due 2019
Debt Instrument [Line Items]
Senior Notes	$ 0	$ 158,324
Debt Instrument, Interest Rate, Stated Percentage	5.50%	5.50%
Senior Notes Due 2020
Debt Instrument [Line Items]
Senior Notes	$ 26,852	$ 232,729
Debt Instrument, Interest Rate, Stated Percentage	5.25%	5.25%
Senior Notes Due 2021
Debt Instrument [Line Items]
Senior Notes	$ 69,857	$ 195,867
Debt Instrument, Interest Rate, Stated Percentage	7.00%	7.00%
Senior Notes Due 2024
Debt Instrument [Line Items]
Senior Notes	$ 443,931	$ 443,428
Debt Instrument, Interest Rate, Stated Percentage	4.50%	4.50%
Senior Notes Due 2027
Debt Instrument [Line Items]
Senior Notes	$ 442,250	$ 0
Debt Instrument, Interest Rate, Stated Percentage	4.875%	4.875%
Senior Notes | Senior Notes Due 2027
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.875%
Debt Instrument, Basis Spread on Variable Rate	0.50%
FHLB Advances
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	$ 72,400	$ 60,550
Long-term Debt, Maturities, Repayments of Principal in Year Two	2,991	2,991
Long-term Debt, Maturities, Repayments of Principal in Year Three	14,000	8,000
Long-term Debt, Maturities, Repayments of Principal in Year Four	6,000	0
Long-term Debt, Maturities, Repayments of Principal in Year Five	8,995	8,995
Long-term Debt, Maturities, Repayments of Principal after Year Five	1,996	1,996
Advances from Federal Home Loan Banks	$ 106,382	$ 82,532

Note 11 - Borrowings and Fina_4

Note 11 - Borrowings and Financing Activities Repayment and Extinguishment of Debt (Details) - USD ($) $ in Thousands	Jul. 25, 2019	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Maturities of Senior Debt				$ 158,600
Loss on extinguishment of debt		$ (16,798)	$ 0	(16,798)	$ 0
Senior Notes due 2020 and 2021
Repayments of Senior Debt		351,800
Senior Notes | Senior Notes Due 2020
Debt Instrument, Repurchased Face Amount		207,200		207,200
Long-term Debt, Gross		27,000		27,000
Senior Notes | Senior Notes Due 2021
Debt Instrument, Repurchased Face Amount		127,300		127,300
Long-term Debt, Gross		70,400		$ 70,400
Senior Notes | Senior Notes due 2020 and 2021
Loss on extinguishment of debt		$ (16,800)
Subsequent Event | Senior Notes Due 2020
Repayments of Senior Debt	$ 27,800
Subsequent Event | Senior Notes | Senior Notes Due 2020
Debt Instrument, Repurchased Face Amount	$ 27,000

Note 11 - Borrowings and Fina_5

Note 11 - Borrowings and Financing Activities Senior Notes due 2027 (Details) - Senior Notes Due 2027 - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument, Interest Rate, Stated Percentage	4.875%	4.875%	4.875%
Senior Notes
Debt Instrument, Face Amount	$ 450	$ 450
Proceeds from Issuance of Long-term Debt	$ 442.2
Debt Instrument, Interest Rate, Stated Percentage	4.875%	4.875%
Debt Instrument, Redemption Price, Percentage		100.00%
Debt Instrument, Basis Spread on Variable Rate		0.50%
Percent of Stock With Ordinary Voting Rights That Company Must Retain In Order To Make Any Capital Stock Transactions	0.80	0.80

Note 11 - Borrowings and Fina_6

Note 11 - Borrowings and Financing Activities FHLB Advances (Details)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Federal Home Loan Bank, Advances, Maturity Period, Fixed Rate	90 days

Note 11 - Borrowings and Fina_7

Note 11 - Borrowings and Financing Activities Revolving Credit Facility (Details) - Revolving Credit Facility $ in Millions	Jun. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 267.5
Line of Credit Facility, Fair Value of Amount Outstanding	$ 0

Note 12 - Commitments and Con_3

Note 12 - Commitments and Contingencies Legal Proceedings (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)matter	Jun. 30, 2019matter	Aug. 31, 2018Certificates	Apr. 12, 2018Certificates	Jun. 05, 2017Certificates	Dec. 17, 2016Certificates
Loss Contingencies [Line Items]
Increase in Incurred But Not Reported Reserves | $	$ 19.4
Unasserted Claim | Minimum
Loss Contingencies [Line Items]
Minimum Number of Pending or Threatened Matters That Could Affect Our Results | matter	1	1
Insurance Claims | Total primary reserves
Loss Contingencies [Line Items]
Loss Contingency, Legal Actions Commencement, Period		2 years
Insurance Claims | Pool Insurance Mortgage Insurance Product
Loss Contingencies [Line Items]
Loss Contingency, Legal Actions Commencement, Period		3 years
Ocwen | Ocwen filings, Initial
Loss Contingencies [Line Items]
Insurance Certificates Issued Under Multiple Insurance Policies						9,420
Ocwen | Ocwen filings, Amended
Loss Contingencies [Line Items]
Insurance Certificates Issued Under Multiple Insurance Policies					8,870
Ocwen | Ocwen filings, Narrowed Scope
Loss Contingencies [Line Items]
Insurance Certificates Whose Scopes Were Narrowed as a Result of the Confidential Agreement				2,500
Nationstar | Insurance coverage decisions
Loss Contingencies [Line Items]
Insurance Certificates Issued Under Multiple Insurance Policies			3,014
Nationstar | Insurance premium refunds
Loss Contingencies [Line Items]
Insurance Certificates Issued Under Multiple Insurance Policies			2,231

Note 12 - Commitments and Con_4

Note 12 - Commitments and Contingencies Lease Liability (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2019		Jun. 30, 2018	Jun. 30, 2019		Jun. 30, 2018	Dec. 31, 2018
Operating Lease, Cost		$ 2,347,000			$ 4,666,000
Short-term Lease, Cost		52,000			75,000
Lease, Cost		2,399,000			4,741,000
Operating cash flows from operating leases		(2,639,000)			(5,276,000)
Operating Lease, Right-of-Use Asset	[2]	44,844,000	[1]		44,844,000	[1]		$ 0
Operating lease liabilities	[3]	$ 68,359,000			$ 68,359,000
Weighted-average remaining lease term - operating leases (in years)		10 years 2 months 19 days			10 years 2 months 19 days
Weighted-average discount rate - operating leases		6.76%			6.76%
Remaining maturities of lease liabilities for 2019		$ 5,234,000			$ 5,234,000
Remaining maturities of lease liabilities for 2020		10,424,000			10,424,000
Remaining maturities of lease liabilities for 2021		9,961,000			9,961,000
Remaining maturities of lease liabilities for 2022		10,136,000			10,136,000
Remaining maturities of lease liabilities for 2023		10,275,000			10,275,000
Remaining maturities of lease liabilities for 2024 and thereafter		56,542,000			56,542,000
Total lease payments		102,572,000			102,572,000
Less: Imputed interest		$ (34,213,000)			$ (34,213,000)
Rent expense pursuant to previous lease accounting standard				$ 2,200,000			$ 4,300,000
Commitment for non-cancelable leases in 2019								11,310,000
Commitment for non-cancelable leases in 2020								10,847,000
Commitment for non-cancelable leases in 2021								10,165,000
Commitment for non-cancelable leases in 2022								10,100,000
Commitment for non-cancelable leases in 2023								10,251,000
Commitment for non-cancelable leases in 2024 and thereafter								56,317,000
Total								108,990,000
Operating Leases, Future Minimum Payments Due, Future Minimum Sublease Rentals								$ 0
Minimum
Lessee, Operating Lease, Discount Rate		4.22%			4.22%
Maximum
Lessee, Operating Lease, Discount Rate		7.08%			7.08%
[1]	Classified in other assets in our condensed consolidated balance sheets. See Note 8 .
[2]	Represents right-of-use assets recognized as a result of our adoption, as of January 1, 2019, of the new accounting and disclosure requirements for leases of property, plant and equipment. See Note 1 for additional information. Right-of-use assets are shown less accumulated amortization of $4.6 million at June 30, 2019 .
[3]	Classified in other liabilities in our condensed consolidated balance sheets.

Note 13 - Capital Stock Share R

Note 13 - Capital Stock Share Repurchase Program (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended	9 Months Ended
	Jul. 31, 2019$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2019shares	Mar. 20, 2019USD ($)	Aug. 16, 2018USD ($)
Third Quarter 2018 Repurchase Program
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 100
First Quarter 2019 Repurchase Program
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 150
Total of All Repurchase Programs
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 250
Stock Repurchased During Period, Shares | shares		7,470,332	9,017,006
Accelerated Share Repurchases, Final Price Paid Per Share | $ / shares		$ 22.20	$ 21.92
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 52.5	$ 52.5
Subsequent Event | Total of All Repurchase Programs
Capital Stock [Line Items]
Stock Repurchased During Period, Shares | shares	2,241,568			11,258,574
Accelerated Share Repurchases, Final Price Paid Per Share | $ / shares	$ 23.43
Percent of Reduction in Shares Outstanding	0.053

Note 13 - Capital Stock Dividen

Note 13 - Capital Stock Dividends Paid (Details) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Equity [Abstract]
Common Stock, Dividends, Per Share, Declared	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025

Note 14 - Accumulated Other C_3

Note 14 - Accumulated Other Comprehensive Income (Loss) Rollforward of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Other Comprehensive Income, Net of Tax [Abstract]
AOCI, Net of Tax, Balance at beginning of period				$ (60,920)
Unrealized holding gains (losses) arising during the period		$ 72,000	$ (27,804)	150,023	$ (88,447)
Less: Reclassification adjustment for net gains (losses) included in net income (loss)		1,029	(1,336)	638	(4,468)
Net foreign currency translation adjustments		(3)	0	(3)	3
Other comprehensive income (loss), net of tax		70,968	(26,468)	149,382	(83,976)
AOCI, Net of Tax, Balance at end of period		88,462		88,462
Other Comprehensive Income
Other Comprehensive Income, before Tax [Abstract]
AOCI before Tax, Balance at beginning of period		22,144	(39,842)	(77,114)	32,669
AOCI before tax,Cumulative Effect of Adopting an Accounting Standard Update						$ 0	$ 284
AOCI before Tax, Balance adjusted for cumulative effect of adopting accounting standard updates			(39,842)		32,953
Unrealized holding gains (losses) arising during the period		91,140	(35,194)	189,903	(111,957)
Less: Reclassification adjustment for net gains (losses) included in net income	[1]	1,303	(1,691)	808	(5,655)
Net unrealized gains (losses) on investments		89,837	(33,503)	189,095	(106,302)
Unrealized foreign currency translation adjustments					4
Unrealized foreign currency translation adjustments		(4)	0	(4)
Other comprehensive income (loss)		89,833	(33,503)	189,091	(106,298)
AOCI before Tax, Balance at end of period		111,977	(73,345)	111,977	(73,345)
Other Comprehensive Income, Tax [Abstract]
AOCI, Tax, Balance at beginning of period		4,650	(8,367)	(16,194)	9,584
AOCI, Tax, Cumulative Effect of Adopting an Accounting Standard Update						0	(2,664)
AOCI, Tax, Balance adjusted for Cumulative Effect of Adopting Accounting Standard Updates			(8,367)		6,920
Unrealized holding gains (losses) arising during the period		19,140	(7,390)	39,880	(23,510)
Less: Reclassification adjustment for net gains (losses) included in net income	[1]	274	(355)	170	(1,187)
Net unrealized gains (losses) on investments		18,866	(7,035)	39,710	(22,323)
Unrealized foreign currency translation adjustments					1
Unrealized foreign currency translation adjustments		(1)	0	(1)
Other comprehensive income (loss)		18,865	(7,035)	39,709	(22,322)
AOCI Tax, Balance at end of period		23,515	(15,402)	23,515	(15,402)
Other Comprehensive Income, Net of Tax [Abstract]
AOCI, Net of Tax, Balance at beginning of period		17,494	(31,475)	(60,920)	23,085
AOCI, Net of Tax, Cumulative Effect of Adopting an Accounting Standard Update, Net of Tax						$ 0	$ 2,948
AOCI, Net of Tax, Balance adjusted for Cumulative Effect of Adopting Accounting Standard Updates			(31,475)		26,033
Unrealized holding gains (losses) arising during the period		72,000	(27,804)	150,023	(88,447)
Less: Reclassification adjustment for net gains (losses) included in net income (loss)	[1]	1,029	(1,336)	638	(4,468)
Net unrealized gains (losses) on investments		70,971	(26,468)	149,385	(83,979)
Net foreign currency translation adjustments		(3)	0	(3)	3
Other comprehensive income (loss), net of tax		70,968	(26,468)	149,382	(83,976)
AOCI, Net of Tax, Balance at end of period		$ 88,462	$ (57,943)	$ 88,462	$ (57,943)
[1]	Included in net gains (losses) on investments and other financial instruments on our condensed consolidated statements of operations.

Note 15 - Statutory Informati_3

Note 15 - Statutory Information Statutory Information (Details) $ in Billions	Jun. 30, 2019USD ($)
Consolidated insurance subsidiaries
Statutory Accounting Practices [Line Items]
Restricted Net Assets Held by Consolidated Subsidiaries	$ 3.7

Note 15 - Statutory Informati_4

Note 15 - Statutory Information Risk To Capital Calculation (Details) $ in Millions		1 Months Ended	6 Months Ended
		Apr. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Radian Guaranty
Risk to Capital Line Items [Line Items]
RIF, net	[1]		$ 42,154	$ 40,711.3
Common stock and paid-in capital			1,041	1,416
Surplus Note			100	100
Unassigned earnings (deficit)			(605.7)	(701.9)
Statutory policyholders’ surplus			535.3	814.1
Contingency reserve			2,351.2	2,109.9
Statutory capital			$ 2,886.5	$ 2,924
Risk-to-capital			14.6	13.9
Increase (decrease) in Statutory Capital and Surplus			$ (37.5)
Statutory Net Income (Loss)			$ 339.9
Statutory Accounting Practices, Dividends Paid with Approval of Regulatory Agency		$ 375
Consolidated insurance subsidiaries
Risk to Capital Line Items [Line Items]
Risk-to-capital			13.3	12.8
Extraordinary Distribution | Radian Guaranty
Risk to Capital Line Items [Line Items]
Increase (decrease) in Statutory Capital and Surplus			$ (375)
[1]	Excludes risk ceded through all reinsurance programs (including with affiliates) and RIF on defaulted loans.