Radian (RDN) 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2020	Aug. 06, 2020
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, 2020
Entity File Number	1-11356
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		191,553,680
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, 2020	Dec. 31, 2019
ASSETS
Fixed-maturities available for sale—at fair value, net of allowance for credit losses of $2,476 as of June 30, 2020 (amortized cost of $4,804,453 and $4,549,534)	$ 5,070,091	$ 4,688,911
Trading securities—at fair value (amortized cost of $266,940 and $297,505)	297,609	317,150
Equity securities—at fair value (cost of $110,719 and $125,311)	104,513	130,221
Short-term investments—at fair value (includes $8,727 and $25,561 of reinvested cash collateral held under securities lending agreements)	955,090	518,393
Other invested assets—at fair value	4,047	4,072
Investments, Total	6,431,350	5,658,747
Cash	68,387	92,729
Restricted cash	16,279	3,545
Accounts and notes receivable	110,722	93,630
Goodwill and other acquired intangible assets, net (Note 6)	26,229	28,187
Prepaid reinsurance premium	330,476	363,856
Other assets (Note 8)	585,866	567,619
Assets, Total	7,569,309	6,808,313
Liabilities and Stockholders’ Equity
Unearned premiums	561,280	626,822
Reserve for losses and loss adjustment expense (Note 10)	738,885	404,765
Senior notes (Note 11)	1,403,857	887,110
FHLB advances (Note 11)	175,122	134,875
Reinsurance funds withheld	312,350	291,829
Other Liabilities	391,810	414,189
Total liabilities	3,583,304	2,759,590
Stockholders’ equity
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2020 and December 31, 2019; 209,997 and 219,123 shares issued at June 30, 2020 and December 31, 2019, respectively; 191,492 and 201,164 shares outstanding at June 30, 2020 and December 31, 2019, respectively	210	219
Treasury stock, at cost: 18,505 and 17,959 shares at June 30, 2020 and December 31, 2019, respectively	(909,738)	(901,657)
Additional paid-in capital	2,232,949	2,449,884
Retained earnings	2,450,423	2,389,789
Accumulated other comprehensive income (loss) (Note 14)	212,161	110,488
Total stockholders’ equity	3,986,005	4,048,723
Total liabilities and stockholders’ equity	7,569,309	6,808,313
Equity Securities, FV-NI, Cost	110,719	125,311
Debt Securities, Trading, Amortized Cost	266,940	297,505
Fixed-maturities available for sale—at amortized cost	4,804,453	$ 4,549,534
Debt Securities, Available-for-sale, Allowance for Credit Loss	$ (2,476)
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	485,000,000	485,000,000
Common Stock, Shares, Issued	209,997,000	219,123,000
Common Stock, Shares, Outstanding	191,492,000	201,164,000
Treasury Stock, Shares	18,505,000	17,959,000
Reinvested Cash Collateral Held Under Securities Lending Agreements	$ 8,727	$ 25,561

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Revenues:
Net premiums earned (Note 7)		$ 249,295	$ 299,166	[1]	$ 526,710	$ 562,678	[1]
Services revenue (Note 3)		28,075	39,303		60,002	72,056
Net investment income		38,723	43,761		79,667	87,608
Net gains (losses) on investments and other financial instruments		47,276	12,540		25,249	34,453
Other income		1,072	194		1,894	1,798
Total revenues		364,441	394,964		693,522	758,593
Expenses:
Provision for losses		304,418	47,427		340,369	68,181
Policy acquisition costs		6,015	6,203		13,428	12,096
Cost of services		17,972	27,845		40,113	52,002
Other operating expenses		60,582	70,046		129,692	148,851
Interest expense		16,699	14,961		28,893	30,658
Loss on extinguishment of debt		0	16,798		0	16,798
Amortization and impairment of other acquired intangible assets		979	2,139		1,958	4,326
Total expenses		406,665	185,419		554,453	332,912
Consolidated pretax income (loss)		(42,224)	209,545		139,069	425,681
Income tax provision (benefit)		(12,273)	42,815		28,559	87,994
Net income (loss)		$ (29,951)	$ 166,730		$ 110,510	$ 337,687
Earnings Per Share, Basic [Abstract]
Basic net income (loss) per share		$ (0.15)	$ 0.80		$ 0.56	$ 1.60
Earnings Per Share, Diluted [Abstract]
Diluted net income (loss) per share		$ (0.15)	$ 0.78		$ 0.56	$ 1.56
Weighted-average number of common shares outstanding—basic	[2]	193,299	208,097		197,545	211,264
Weighted-average number of common and common equivalent shares outstanding—diluted		193,299	213,603		198,746	216,500
[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]	Includes the impact of fully vested shares under our share-based compensation programs.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income (loss)	$ (29,951)	$ 166,730	$ 110,510	$ 337,687
Unrealized gains (losses) on investments:
Unrealized holding gains (losses) arising during the period for which an allowance for expected losses has not been recognized	185,056	72,000	112,763	150,023
Net decrease (increase) in expected credit losses	(2,198)	0	(2,198)	0
Net unrealized gains (losses) on investments	182,360	70,971	101,673	149,385
Other comprehensive income (loss), net of tax	182,360	70,968	101,673	149,382
Comprehensive income (loss)	152,409	237,698	212,183	487,069
Net foreign currency translation adjustments	0	(3)	0	(3)
Net realized gains (losses) on disposals and non-credit related impairment losses	$ 4,894	$ 1,029	$ 13,288	$ 638

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)
Balance, beginning of period at Dec. 31, 2018			$ 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 (loss)	$ 337,687					337,687
Dividends and dividend equivalents 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	223	(901,419)	2,539,803	2,056,175	88,462
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 (loss)	166,730					166,730
Dividends and dividend equivalents 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	223	(901,419)	2,539,803	2,056,175	88,462
Balance, beginning of period at Dec. 31, 2019	4,048,723		219	(901,657)	2,449,884	2,389,789	110,488
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under incentive and benefit plans			2
Shares repurchased under share repurchase program (Note 13)			(11)		(226,294)
Repurchases of common stock under incentive plans				(8,081)
Issuance of common stock under incentive and benefit plans					2,271
Share-based compensation					7,088
Net income (loss)	110,510					110,510
Dividends and dividend equivalents declared						(49,876)
Net unrealized gains (losses) on investments, net of tax	101,673						101,673
Net foreign currency translation adjustment, net of tax	0						0
Balance, end of period at Jun. 30, 2020	3,986,005	3,986,005	210	(909,738)	2,232,949	2,450,423	212,161
Balance, beginning of period at Mar. 31, 2020			208	(902,024)	2,231,670	2,504,853	29,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under incentive and benefit plans			2
Shares repurchased under share repurchase program (Note 13)			0		0
Repurchases of common stock under incentive plans				(7,714)
Issuance of common stock under incentive and benefit plans					36
Share-based compensation					1,243
Net income (loss)	(29,951)					(29,951)
Dividends and dividend equivalents declared						(24,479)
Net unrealized gains (losses) on investments, net of tax	182,360						182,360
Net foreign currency translation adjustment, net of tax	0						0
Balance, end of period at Jun. 30, 2020	$ 3,986,005	$ 3,986,005	$ 210	$ (909,738)	$ 2,232,949	$ 2,450,423	$ 212,161

Note 14 - Accumulated Other Com

Note 14 - Accumulated Other Comprehensive Income (Loss) (Note)	6 Months Ended
	Jun. 30, 2020
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, 2020 Six Months Ended June 30, 2020 (In thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Balance at beginning of period $ 37,722 $ 7,921 $ 29,801 $ 139,858 $ 29,370 $ 110,488 Other comprehensive income (loss): Unrealized gains (losses) on investments: Unrealized holding gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized 234,249 49,193 185,056 142,738 29,975 112,763 Less: Reclassification adjustment for net gains (losses) included in net income (loss): (1) Net realized gains (losses) on disposals and non-credit related impairment losses 6,195 1,301 4,894 16,820 3,532 13,288 Net decrease (increase) in expected credit losses (2,782) (584) (2,198) (2,782) (584) (2,198) Net unrealized gains (losses) on investments 230,836 48,476 182,360 128,700 27,027 101,673 Other comprehensive income (loss) 230,836 48,476 182,360 128,700 27,027 101,673 Balance at end of period $ 268,558 $ 56,397 $ 212,161 $ 268,558 $ 56,397 $ 212,161 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 (loss) (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 ______________________ (1) Included in net gains (losses) on investments and other financial instruments on our condensed consolidated statements of operations.

Note 14 - Accumulated Other C_2

Note 14 - Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 Six Months Ended June 30, 2020 (In thousands) Before Tax Tax Effect Net of Tax Before Tax Tax Effect Net of Tax Balance at beginning of period $ 37,722 $ 7,921 $ 29,801 $ 139,858 $ 29,370 $ 110,488 Other comprehensive income (loss): Unrealized gains (losses) on investments: Unrealized holding gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized 234,249 49,193 185,056 142,738 29,975 112,763 Less: Reclassification adjustment for net gains (losses) included in net income (loss): (1) Net realized gains (losses) on disposals and non-credit related impairment losses 6,195 1,301 4,894 16,820 3,532 13,288 Net decrease (increase) in expected credit losses (2,782) (584) (2,198) (2,782) (584) (2,198) Net unrealized gains (losses) on investments 230,836 48,476 182,360 128,700 27,027 101,673 Other comprehensive income (loss) 230,836 48,476 182,360 128,700 27,027 101,673 Balance at end of period $ 268,558 $ 56,397 $ 212,161 $ 268,558 $ 56,397 $ 212,161 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 (loss) (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 ______________________ (1) Included in net gains (losses) on investments and other financial instruments on our condensed consolidated statements of operations.

Note 10 - Losses and Loss Adjus

Note 10 - Losses and Loss Adjustment Expense Reserve for Losses and LAE by Segment (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense		$ 738,885	$ 404,765
Mortgage insurance loss reserves
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense	[1]	734,991	401,273
Title insurance loss reserves
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense		3,894	3,492
First Lien Mortgage Insurance Products | Primary Case Reserves | Mortgage insurance loss reserves
Liability for Claims and Claims Adjustment Expense [Line Items]
Reserve for losses and loss adjustment expense		$ 660,100	$ 339,800
[1]	Primarily comprises first lien primary case reserves of $660.1 million and $339.8 million at June 30, 2020 and December 31, 2019, respectively.

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, 2020	Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Other Comprehensive Income, before Tax [Abstract]
Unrealized foreign currency translation adjustments			$ (4)			$ (4)
Other Comprehensive Income, Tax [Abstract]
Unrealized foreign currency translation adjustments			(1)			(1)
Other Comprehensive Income, Net of Tax [Abstract]
AOCI, Net of Tax, Balance at beginning of period					$ 110,488
Unrealized holding gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized		$ 185,056	72,000		112,763	150,023
Net realized gains (losses) on disposals and non-credit related impairment losses		4,894	1,029		13,288	638
Net decrease (increase) in expected credit losses		(2,198)	0		(2,198)	0
Unrealized foreign currency translation adjustments		0	(3)		0	(3)
Other comprehensive income (loss), net of tax		182,360	70,968		101,673	149,382
AOCI, Net of Tax, Balance at end of period		212,161			212,161
Other Comprehensive Income
Other Comprehensive Income, before Tax [Abstract]
AOCI before Tax, Balance at beginning of period		37,722	22,144		139,858	(77,114)
Unrealized holding gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized		234,249	91,140		142,738	189,903
Net realized gains (losses) on disposals and non-credit related impairment losses	[1]	6,195			16,820
Net decrease (increase) in expected credit losses	[1]	(2,782)	1,303		(2,782)	808
Net unrealized gains (losses) on investments		230,836	89,837	[1]	128,700	189,095	[1]
Other comprehensive income (loss)		230,836	89,833		128,700	189,091
AOCI before Tax, Balance at end of period		268,558	111,977		268,558	111,977
Other Comprehensive Income, Tax [Abstract]
AOCI, Tax, Balance at beginning of period		7,921	4,650		29,370	(16,194)
Unrealized holding gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized		49,193	19,140		29,975	39,880
Net realized gains (losses) on disposals and non-credit related impairment losses	[1]	1,301			3,532
Net decrease (increase) in expected credit losses	[1]	(584)	274		(584)	170
Net unrealized gains (losses) on investments		48,476	18,866	[1]	27,027	39,710	[1]
Other comprehensive income (loss)		48,476	18,865		27,027	39,709
AOCI Tax, Balance at end of period		56,397	23,515		56,397	23,515
Other Comprehensive Income, Net of Tax [Abstract]
AOCI, Net of Tax, Balance at beginning of period		29,801	17,494		110,488	(60,920)
Unrealized holding gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized		185,056	72,000		112,763	150,023
Net realized gains (losses) on disposals and non-credit related impairment losses	[1]	4,894			13,288
Net decrease (increase) in expected credit losses	[1]	(2,198)	1,029		(2,198)	638
Net unrealized gains (losses) on investments		182,360	70,971	[1]	101,673	149,385	[1]
Other comprehensive income (loss), net of tax		182,360	70,968		101,673	149,382
AOCI, Net of Tax, Balance at end of period		$ 212,161	$ 88,462		$ 212,161	$ 88,462
[1]	Included in net gains (losses) on investments and other financial instruments on our condensed consolidated statements of operations.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Cash Provided by (Used in) Operating Activities	$ 305,291	$ 338,129
Cash Flows from Investing Activities:
Proceeds from Sales of Fixed-Maturity Investments Available for sale	735,154	568,351
Proceeds from Sales of Trading Securities	11,602	111,713
Proceeds from Sales of Equity Securities	75,793	39,818
Proceeds from Redemption of Fixed-Maturity Investments Available for sale	271,477	184,464
Proceeds from Redemptions of Trading securities	17,810	35,852
Purchases of Fixed-Maturity Investments Available for sale	(1,216,333)	(665,882)
Purchases of Equity Securities	(65,427)	(31,853)
Sales, Redemptions and (Purchases) of Short-term Investments, Net	(418,744)	(372,540)
Sales, Redemptions and (Purchases) of Other assets and other invested assets, net	2,346	490
Proceeds from sale of a subsidiary, net of cash sold	16,481	0
Purchases of property and equipment, net	(10,594)	(15,207)
Net cash provided by (used in) investing activities	(580,435)	(144,794)
Cash Flows from Financing Activities:
Dividends and dividend equivalents paid	(49,301)	(1,053)
Issuance of senior notes, net	516,083	442,937
Repayments and repurchases of senior notes	0	(508,017)
Issuance of common stock	1,480	1,268
Repurchases of common shares	(226,305)	(188,817)
Credit facility commitment fees paid	(1,754)	(471)
Change in secured borrowings, net (with terms three months or less)	(17,535)	11,563
Proceeds from secured borrowings (with terms greater than 3 months)	106,960	36,000
Payments of secured borrowings (with terms greater than 3 months)	(66,013)	(14,550)
Repayments of other borrowings	(79)	(75)
Net cash provided by (used in) financing activities	263,536	(221,215)
Increase (decrease) in cash and restricted cash	(11,608)	(27,884)
Cash and restricted cash, beginning of period	96,274	107,002
Cash and restricted cash, end of period	84,666	79,118
Effect of Exchange Rate on Cash and Cash Equivalents	$ 0	$ (4)

Note 1 - Condensed Consolidated

Note 1 - Condensed Consolidated Financial Statements - Business Overview and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	Business Overview, Recent Developments and Significant Accounting Policies Business Overview We are a diversified mortgage and real estate business, providing both credit-related mortgage insurance coverage and a broad array of other mortgage, risk, title, valuation, asset management and other real estate services. We have two reportable business segments—Mortgage and Real Estate. Mortgage Our Mortgage segment provides credit-related insurance coverage, principally through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management and contract underwriting 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 $241.3 billion and $60.3 billion, respectively, as of June 30, 2020. In addition to providing private mortgage insurance, we participate in credit risk transfer programs developed by the GSEs as part of their initiative to distribute mortgage credit risk and increase the role of private capital in the mortgage market. Our additional RIF under credit risk transfer transactions, resulting from our participation in these programs with the GSEs, totaled $325.1 million as of June 30, 2020 compared to $275.2 million as of December 31, 2019. The GSEs and state insurance regulators impose various capital and financial requirements on our insurance subsidiaries. These include Risk-to-capital, other risk-based capital measures and surplus requirements, as well as the PMIERs financial requirements. Failure to comply with these capital and financial requirements may limit the amount of insurance that our mortgage insurance subsidiaries write or may prohibit them from writing insurance altogether. The GSEs and state insurance regulators possess significant discretion with respect to our mortgage insurance subsidiaries and all aspects of their business. See Note 15 for additional information on PMIERs and other regulatory information, and “—Recent Developments” below for a discussion of the elevated risks posed by the COVID-19 pandemic, which has led to an increase in mortgage defaults in our insured portfolio and a resulting increase in our Minimum Required Assets. Real Estate Our Real Estate segment is primarily a fee-for-service business that offers a broad array of services to market participants across the real estate value chain. Our real estate services include title, valuation, asset management and other real estate services offered primarily to financial institutions, investors, GSEs, real estate brokers and agents. Our real estate services help lenders, investors, consumers and real estate agents evaluate, manage, monitor, acquire and sell properties. These services include software as a service solutions and platforms, as well as managed services, such as real estate owned asset management, single family rental services, real estate valuation services and real estate brokerage services. In addition, we provide title insurance and non-insurance title, closing and settlement services to mortgage lenders as well as directly to consumers for residential mortgage loans. See Note 3 for additional information about our reportable segments and All Other business activities, including the sale of Clayton and the impact of organizational changes in the first quarter of 2020. Recent Developments As a seller of mortgage credit protection, our results are subject to macroeconomic conditions and specific events that impact the housing finance and real estate markets, including events that impact mortgage originations and the credit performance of our RIF. Many of these conditions are beyond our control, including housing prices, unemployment levels, interest rate changes, the availability of credit and other factors that may be derived from national and regional economic conditions. In general, a deterioration in economic conditions increases the likelihood that borrowers will be unable to satisfy their mortgage obligations. A deteriorating economy can adversely affect housing values, which in turn can influence the willingness of borrowers to continue to make mortgage payments regardless of whether they have the financial resources to do so. Mortgage defaults can also occur due to a variety of specific events affecting borrowers, including death or illness, divorce or other family problems, unemployment, or other events. In addition, factors impacting regional economic conditions, acts of terrorism, war or other severe conflicts, event-specific economic depressions or other catastrophic events such as natural disasters and pandemics could result in increased defaults due to the impact of such events on the ability of borrowers to satisfy their mortgage obligations and on the value of affected homes. Beginning in March 2020, the unprecedented and continually evolving social and economic impacts associated with the COVID-19 pandemic on the U.S. and global economies generally, and in particular on the U.S. housing, real estate and housing finance markets, have negatively affected our business and our financial results in the second quarter of 2020 and are expected to adversely impact our business and results of operations in future periods. Specifically, and primarily as a result of an increase in the number of new defaults for the three months ended June 30, 2020, our financial results include: (i) a net loss of $30.0 million, due primarily to provision for losses of $304.4 million and (ii) an increase in our Minimum Required Assets required under the PMIERs. See Note 10 for additional information on our reserve for losses. In response to the uncertainties associated with COVID-19, during the second quarter of 2020 we strengthened our capital and liquidity positions by extending our existing credit facility and issuing $525 million aggregate principal amount of Senior Notes due 2025. See Note 11 for additional information on our borrowings and financing activities. The ultimate significance of COVID-19 on our businesses will depend on, among other things: the extent and duration of the pandemic, the severity of and number of people infected with the virus and whether an effective anti-viral treatment or vaccine is developed; the wider economic effects of the pandemic and the scope and duration of governmental and other third party measures restricting day-to-day life and business operations; and governmental and GSE programs implemented to assist borrowers experiencing a COVID-19-related hardship, including forbearance programs and suspensions of foreclosures and evictions. Although we are uncertain of the potential magnitude or duration of the business and economic impacts of the COVID-19 pandemic, these and other factors, including those discussed in our 2019 Form 10-K, could have a material negative effect on the Company’s business, liquidity, results of operations and financial condition. 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 (loss) 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 2019 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. See “—Recent Developments” above for discussion of the elevated risks to our future business, liquidity, results of operations and financial condition due to the COVID-19 pandemic. Certain prior period amounts have been reclassified to conform to current period presentation. See Note 3 for additional information on our segment reporting reclassifications. 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 2019 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 2019 Form 10-K, other than described below in “— Investments ” and “— Recent Accounting Pronouncements—Accounting Standards Adopted During 2020 .” Investments Investments in fixed-maturity securities not classified as held to maturity or trading securities are classified as available for sale and are reported at fair value, with unrealized gains and losses (net of tax) reported as a separate component of stockholders’ equity as accumulated other comprehensive income (loss), unless: (i) we intend to sell the impaired security; (ii) it is more likely than not that we will be required to sell the impaired security prior to recovery of its amortized cost basis or (iii) the present value of cash flows we expect to collect is less than the amortized cost basis of a security. In those instances, we record an impairment loss through earnings that varies depending on specific circumstances, as described below. If a sale is likely, the full amount of the impairment is recognized as a loss in the statement of operations. Otherwise, unrealized losses on securities are separated into: (i) the portion of loss that represents the credit loss and (ii) the portion that is due to other factors. As a result of the adoption effective January 2020, of ASU 2016-13, Financial Instruments—Credit Losses (“ASU 2016-13”), described below, in evaluating whether a decline in value for other securities relates to an existing credit loss, we consider several factors, including, but not limited to, the following: • the extent to which the amortized cost basis is greater than fair value; • reasons for the decline in value (e.g., adverse conditions related to industry or geographic area, changes in financial condition to the issuers or underlying loan obligors); • any changes to the rating of the security by a rating agency; • the failure of the issuer to make a scheduled payment; • the financial position, access to capital and near-term prospects of the issuer, including the current and future impact of any specific events; and • our best estimate of the present value of cash flows expected to be collected. In addition, we no longer consider the duration of the decline in value in assessing whether our fixed income securities available for sale have a credit loss impairment. On initial recognition and at each reporting date after a credit loss is identified, we recognize an allowance for remaining lifetime expected credit losses. This amount is calculated as the difference between the amortized cost and the present value of future expected cash flows, limited to the difference between the carrying amount (i.e. fair value) and amortized cost. If a credit loss is determined to exist, the credit loss impairment is included in net gains (losses) on investments and other financial instruments in the statement of operations, with an offset to an allowance for credit losses. Subsequent changes (favorable and unfavorable) in expected credit losses are recognized immediately in net income (loss) as a credit loss impairment or a reversal of credit loss impairment. Recent Accounting Pronouncements Accounting Standards Adopted During 2020. We adopted ASU 2016-13 on January 1, 2020 using the modified retrospective adoption approach. 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 our available-for-sale debt securities are 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 allowance method will allow reversals of credit losses if the estimate of credit losses declines. This ASU affected certain of our accounts and notes receivable, including premiums receivable, and certain of our other assets, including reinsurance recoverables; however, the update did not have a material effect on our financial statements and disclosures. See Note 5 for additional information. We adopted ASU 2019-04, Codification Improvements related to Financial Instruments—Credit Losses, Derivatives and Hedging, and Financial Instruments on January 1, 2020. 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. The adoption of this update did not have a material effect on our financial statements and disclosures. Accounting Standards Not Yet Adopted. 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, 2021, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact on our financial statements and future disclosures as a result of this update. In December 2019, the FASB issued ASU 2019-12, Income Taxes—Simplifying the Accounting for Income Taxes. This update simplifies the accounting for income taxes by removing certain exceptions to the general principals of ASC Topic 740 in GAAP. 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 impact on our financial statements and future disclosures as a result of this update. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform—Facilitation of the Effects of Reference Reform on Financial Reporting. This update provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this update are optional and may be elected over time, from the date of issuance, as reference rate reform activities occur. We are currently evaluating the impact of the guidance and our options related to the practical expedients.
New Accounting Pronouncements Not Yet Adopted, Policy	Accounting Standards Not Yet Adopted. 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, 2021, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact on our financial statements and future disclosures as a result of this update. In December 2019, the FASB issued ASU 2019-12, Income Taxes—Simplifying the Accounting for Income Taxes. This update simplifies the accounting for income taxes by removing certain exceptions to the general principals of ASC Topic 740 in GAAP. 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 impact on our financial statements and future disclosures as a result of this update. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform—Facilitation of the Effects of Reference Reform on Financial Reporting. This update provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this update are optional and may be elected over time, from the date of issuance, as reference rate reform activities occur. We are currently evaluating the impact of the guidance and our options related to the practical expedients.

Note 2 - Net Income Per Share

Note 2 - Net Income Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Income Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding, while diluted net income (loss) per share is computed by dividing net income (loss) 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 (loss) per share is as follows: Three Months Ended Six Months Ended (In thousands, except per-share amounts) 2020 2019 2020 2019 Net income (loss)—basic and diluted $ (29,951) $ 166,730 $ 110,510 $ 337,687 Average common shares outstanding—basic (1) 193,299 208,097 197,545 211,264 Dilutive effect of share-based compensation arrangements (2) — 5,506 1,201 5,236 Adjusted average common shares outstanding—diluted 193,299 213,603 198,746 216,500 Net income (loss) per share: Basic $ (0.15) $ 0.80 $ 0.56 $ 1.60 Diluted $ (0.15) $ 0.78 $ 0.56 $ 1.56 ______________________ (1) Includes the impact of fully vested shares under our share-based compensation programs. (2) There were no dilutive shares for the three months ended June 30, 2020, as a result of our net loss for the period. 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 (loss) per share because they were anti-dilutive: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Shares of common stock equivalents 2,295 168 1,213 168

Note 3 - Segment Reporting (Not

Note 3 - Segment Reporting (Notes)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We have two strategic business units that we manage separately—Mortgage and Real Estate. Our Mortgage segment derives its revenue from mortgage insurance and other mortgage and risk services, including contract underwriting services provided to lenders. Our Real Estate segment offers a broad array of title, valuation, asset management and other real estate services to market participants across the real estate value chain. In addition, we report as All Other activities that include income (losses) from assets held by our holding company, related general corporate operating expenses not attributable or allocated to our reportable segments and, for all periods through the first quarter of 2020, income and expenses related to Clayton prior to its sale in January 2020. Subsequent to the sale of Clayton, our Chief Executive Officer (Radian’s chief operating decision maker) implemented certain organizational changes that caused the composition of our reportable segments to change. As revised, the Company’s Mortgage and Real Estate segments are managed by our President of Mortgage and Co-Heads of Real Estate, respectively, who are responsible for the overall profitability of their respective segments and who are directly accountable to our chief operating decision maker. The differences in the basis of segmentation compared to our 2019 Form 10-K are as follows: Business Activity Current Segmentation Prior Segmentation Mortgage insurance and risk services Mortgage Mortgage Insurance Contract underwriting services Mortgage Services Title and real estate services (1) Real Estate Services Clayton All Other Services Income (loss) from holding company assets (and related corporate expenses) All Other Mortgage Insurance ______________________ (1) Includes single family rental services. These segment reporting changes align with the changes in personnel reporting lines, management oversight and branding following the sale of Clayton, and are consistent with the way our chief operating decision maker began assessing the performance of our reportable segments and other business activities effective in the first quarter of 2020. These changes to our reportable segments have been reflected in our segment operating results for all periods presented. See Note 1 for additional details about our Mortgage and Real Estate businesses. We allocate corporate operating expenses to both reportable segments based on each segment’s forecasted annual percentage of total revenue, which approximates the estimated percentage of management time spent on each segment. In addition, we allocate all corporate interest expense to our Mortgage segment, due to the capital-intensive nature of our mortgage insurance business. With the exception of goodwill and other acquired intangible assets that relate to our Real Estate 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 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 gains (losses) from the sale of lines of business and acquisition-related income and expenses. See Note 4 of Notes to Consolidated Financial Statements in our 2019 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). 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. The reconciliation of adjusted pretax operating income (loss) for our reportable segments to consolidated pretax income (loss) is as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Adjusted pretax operating income (loss): Mortgage (1) $ (88,321) $ 214,710 (2) $ 117,346 $ 418,341 (2) Real Estate (3) (4,817) (3,772) (9,684) (7,697) Total adjusted pretax operating income (loss) for reportable segments (93,138) 210,938 107,662 410,644 All Other adjusted pretax operating income (loss) 4,639 4,901 8,438 7,265 Net gains (losses) on investments and other financial instruments 47,276 12,540 25,249 34,453 Loss on extinguishment of debt — (16,798) — (16,798) Amortization and impairment of other acquired intangible assets (979) (2,139) (1,958) (4,326) Impairment of other long-lived assets and other non-operating items (22) 103 (322) (5,557) Consolidated pretax income (loss) $ (42,224) $ 209,545 $ 139,069 $ 425,681 ______________________ (1) Includes allocated corporate operating expenses and depreciation expense as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Allocated corporate operating expenses $ 25,191 $ 24,388 $ 54,265 $ 50,013 Depreciation expense 3,112 3,849 6,824 7,711 (2) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019, as further described below. (3) Includes allocated corporate operating expenses and depreciation expense as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Allocated corporate operating expenses $ 3,339 $ 2,659 $ 7,175 $ 5,454 Depreciation expense 776 615 1,442 1,208 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. See Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding this adjustment and our accounting policies for insurance premiums revenue recognition. Revenue The reconciliation of revenue for our reportable segments to consolidated revenues is as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Revenues: Mortgage (1) $ 286,943 $ 336,644 (2) $ 602,027 $ 639,014 (2) Real Estate (1) 26,092 27,627 54,675 50,650 Total revenues for reportable segments 313,035 364,271 656,702 689,664 All Other revenues 6,493 18,519 14,126 35,358 Net gains (losses) on investments and other financial instruments 47,276 12,540 25,249 34,453 Other non-operating revenue 247 — 247 — Elimination of inter-segment revenues (2,610) (366) (2,802) (882) Total revenues $ 364,441 $ 394,964 $ 693,522 $ 758,593 ______________________ (1) Includes immaterial inter-segment revenues for the three and six months ended June 30, 2020 and 2019. (2) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above. 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 Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding our accounting policies and the services we offer. The table below, which represents total services revenue on our condensed consolidated statements of operations for the periods indicated, represents the disaggregation of services revenues from external customers, by type: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Services revenue Real Estate services: Valuation services $ 7,794 $ 13,358 $ 19,638 $ 26,064 Title services 9,059 4,999 16,364 6,599 Asset management services 6,964 6,461 13,338 12,733 Other real estate services 340 72 750 72 Mortgage services 3,918 1,872 7,051 2,516 All Other services — 12,541 2,861 24,072 Total services revenue $ 28,075 $ 39,303 $ 60,002 $ 72,056 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. Accounts and notes receivable included $17.9 million and $10.8 million as of June 30, 2020 and December 31, 2019, respectively, related to services revenue contracts. Revenue recognized related to services performed and not yet billed is recorded in unbilled receivables and reflected in other assets. See Note 8 for additional information. Deferred revenue, which

Note 4 - Fair Value of Financia

Note 4 - Fair Value of Financial Instruments (Note)	3 Months Ended
	Jun. 30, 2020
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 2019 Form 10-K. The following is a list of assets that are measured at fair value by hierarchy level as of June 30, 2020: (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 124,600 $ 8,443 $ 133,043 State and municipal obligations — 123,117 123,117 Corporate bonds and notes — 2,648,456 2,648,456 RMBS — 835,769 835,769 CMBS — 637,491 637,491 Other ABS — 686,875 686,875 Foreign government and agency securities — 5,340 5,340 Total fixed-maturities available for sale 124,600 4,945,491 5,070,091 Trading securities: State and municipal obligations — 122,234 122,234 Corporate bonds and notes — 126,000 126,000 RMBS — 15,205 15,205 CMBS — 34,170 34,170 Total trading securities — 297,609 297,609 Equity securities 96,089 8,424 104,513 Short-term investments: U.S. government and agency securities 42,528 — 42,528 State and municipal obligations — 5,397 5,397 Money market instruments 375,096 — 375,096 Corporate bonds and notes — 149,490 149,490 Other investments (1) — 382,579 382,579 Total short-term investments 417,624 537,466 955,090 Total investments at fair value (2) 638,313 5,788,990 6,427,303 Other assets: Loaned securities: (3) Corporate bonds and notes — 2,119 2,119 Equity securities 14,213 — 14,213 Total assets at fair value (2) $ 652,526 $ 5,791,109 $ 6,443,635 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $2.5 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient and $1.5 million invested in a private convertible promissory note. (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, 2019: (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 143,884 $ 35,700 $ 179,584 State and municipal obligations — 119,994 119,994 Corporate bonds and notes — 2,237,611 2,237,611 RMBS — 779,354 779,354 CMBS — 608,015 608,015 Other ABS — 759,129 759,129 Foreign government and agency securities — 5,224 5,224 Total fixed-maturities available for sale 143,884 4,545,027 4,688,911 Trading securities: State and municipal obligations — 118,949 118,949 Corporate bonds and notes — 147,232 147,232 RMBS — 16,180 16,180 CMBS — 34,789 34,789 Total trading securities — 317,150 317,150 Equity securities 124,009 6,212 130,221 Short-term investments: U.S. government and agency securities 127,152 — 127,152 State and municipal obligations — 21,475 21,475 Money market instruments 202,461 — 202,461 Corporate bonds and notes — 20,298 20,298 Other investments (1) — 147,007 147,007 Total short-term investments 329,613 188,780 518,393 Total investments at fair value (2) 597,506 5,057,169 5,654,675 Other assets: Loaned securities: (3) U.S. government and agency securities 35,309 — 35,309 Corporate bonds and notes — 3,669 3,669 Equity securities 27,464 — 27,464 Total assets at fair value (2) $ 660,279 $ 5,060,838 $ 5,721,117 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $2.6 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient and $1.5 million invested in a private convertible promissory note. (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, 2020 and December 31, 2019, we had a Level III asset of $7.6 million and $0.4 million, respectively, measured at fair value, included in other assets in our condensed consolidated balance sheets. The Level III assets represent the embedded derivatives associated with mortgage insurance-linked notes transactions in connection with our Excess-of-Loss Program, as described in Note 7. The total fair value of the embedded derivatives at June 30, 2020 and December 31, 2019 consists of impacts related to the fair value accounting for derivatives associated with our reinsurance contracts and the related fluctuations from period to period. The estimated fair value related to our embedded derivatives reflects the present value impact of the future variation in premiums we will pay, and includes significant unobservable inputs associated with LIBOR rates and the yield on investments held by trust. There were no investment transfers to or from Level III for the three and six months ended June 30, 2020 or the year ended December 31, 2019. Except for the activity related to the embedded derivatives described above, 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, 2020 and the year ended December 31, 2019. 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, 2020 December 31, 2019 (In thousands) Carrying Estimated Carrying Estimated Liabilities: Senior notes $ 1,403,857 $ 1,395,375 $ 887,110 $ 949,500 FHLB advances 175,122 178,584 134,875 135,997 The fair value of our senior notes is estimated based on their quoted market prices. 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 further information on our senior notes and FHLB advances.

Note 5 - Investments (Note)

Note 5 - Investments (Note)	6 Months Ended
	Jun. 30, 2020
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, 2020 (In thousands) Amortized Allowance for Credit Losses Gross Gross Fair Value Fixed-maturities available for sale: U.S. government and agency securities $ 122,956 $ — $ 10,087 $ — $ 133,043 State and municipal obligations 109,106 — 14,102 (91) 123,117 Corporate bonds and notes 2,455,572 (2,476) 201,051 (3,572) 2,650,575 RMBS 798,750 — 37,101 (82) 835,769 CMBS 614,556 — 31,600 (8,665) 637,491 Other ABS 700,412 — 1,962 (15,499) 686,875 Foreign government and agency securities 5,096 — 244 — 5,340 Total securities available for sale, including loaned securities 4,806,448 $ (2,476) $ 296,147 $ (27,909) 5,072,210 Less: loaned securities 1,995 2,119 Total fixed-maturities available for sale $ 4,804,453 $ 5,070,091 December 31, 2019 (In thousands) Amortized Gross Gross Fair Value Fixed-maturities available for sale: U.S. government and agency securities $ 198,613 $ 2,048 $ (733) $ 199,928 State and municipal obligations 112,003 8,032 (41) 119,994 Corporate bonds and notes 2,136,819 106,189 (1,728) 2,241,280 RMBS 766,429 14,452 (1,527) 779,354 CMBS 593,647 14,993 (625) 608,015 Other ABS 760,785 2,018 (3,674) 759,129 Foreign government and agency securities 5,091 133 — 5,224 Total securities available for sale, including loaned securities 4,573,387 $ 147,865 $ (8,328) 4,712,924 Less: loaned securities 23,853 24,013 Total fixed-maturities available for sale $ 4,549,534 $ 4,688,911 The following table provides a rollforward of the allowance for credit losses on fixed-maturities available for sale, which relates entirely to corporate bonds and notes for the periods indicated: (In thousands) Three Months Ended Six Months Ended Beginning balance $ — $ — Current provision for securities without prior allowance 2,782 2,782 Reduction for securities sold (306) (306) Ending balance $ 2,476 $ 2,476 Gross Unrealized Losses and Fair Value of Available for Sale Securities For our available for sale securities 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, 2020 and December 31, 2019 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, 2020 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of Fair Value Unrealized # of Fair Value Unrealized # of Fair Value Unrealized State and municipal obligations 3 $ 8,540 $ (91) — $ — $ — 3 $ 8,540 $ (91) Corporate bonds and notes 56 181,498 (3,572) — — — 56 181,498 (3,572) RMBS 2 3,776 (2) 3 10,220 (80) 5 13,996 (82) CMBS 47 130,339 (8,353) 5 6,965 (312) 52 137,304 (8,665) Other ABS 124 405,147 (10,100) 26 129,216 (5,399) 150 534,363 (15,499) Total 232 $ 729,300 $ (22,118) 34 $ 146,401 $ (5,791) 266 $ 875,701 $ (27,909) December 31, 2019 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of Fair Value Unrealized # of Fair Value Unrealized # of Fair Value Unrealized U.S. government and agency securities 2 $ 26,142 $ (731) 2 $ 2,529 $ (2) 4 $ 28,671 $ (733) State and municipal obligations 1 3,959 (41) — — — 1 3,959 (41) Corporate bonds and notes 25 110,871 (1,728) — — — 25 110,871 (1,728) RMBS 27 184,378 (535) 16 36,192 (992) 43 220,570 (1,527) CMBS 36 109,589 (478) 8 6,346 (147) 44 115,935 (625) Other ABS 63 225,944 (670) 44 209,661 (3,004) 107 435,605 (3,674) Total 154 $ 660,883 $ (4,183) 70 $ 254,728 $ (4,145) 224 $ 915,611 $ (8,328) Impairment. During the three and six months ended June 30, 2020, we recorded impairment losses in earnings of $3.6 million and $4.2 million, respectively. See below for additional details on our net gains (losses) on investments and Note 1 for a discussion of our accounting policy for impairments, including our adoption of ASU 2016-13 effective January 2020. We did not have the intent to sell any additional available for sale debt 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. 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 2019 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 $7.8 million and $42.4 million as of June 30, 2020 and December 31, 2019, 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) 2020 2019 2020 2019 Net realized gains (losses): Fixed-maturities available for sale (1) $ 6,974 $ 1,303 $ 18,221 $ 808 Trading securities (45) 274 4 (410) Equity securities 51 — 361 (680) Other investments 44 144 77 316 Net realized gains (losses) on investments 7,024 1,721 18,663 34 Impairment losses due to intent to sell (779) — (1,401) — Net decrease (increase) in expected credit losses (2,782) — (2,782) — Net unrealized gains (losses) on investments 24,948 9,117 (1,897) 28,586 Total net gains (losses) on investments $ 28,411 $ 10,838 $ 12,583 $ 28,620 ______________________ (1) Components of net realized gains (losses) on fixed-maturities available for sale include: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Gross investment gains from sales and redemptions $ 8,304 $ 2,064 $ 20,203 $ 6,229 Gross investment losses from sales and redemptions (1,330) (761) (1,982) (5,421) 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) 2020 2019 2020 2019 Net unrealized gains (losses) on investments still held: Trading securities $ 13,790 $ 7,608 $ 11,131 $ 15,027 Equity securities 10,443 1,404 (12,612) 8,600 Other investments (201) 138 471 7 Net unrealized gains (losses) on investments still held $ 24,032 $ 9,150 $ (1,010) $ 23,634 Contractual Maturities The contractual maturities of fixed-maturities available for sale were as follows: June 30, 2020 Available for Sale (In thousands) Amortized Fair Due in one year or less (1) $ 92,098 $ 92,628 Due after one year through five years (1) 871,081 915,497 Due after five years through 10 years (1) 1,134,440 1,234,602 Due after 10 years (1) 595,111 669,348 Asset-backed and other mortgage-backed securities (2) 2,113,718 2,160,135 Total 4,806,448 5,072,210 Less: loaned securities 1,995 2,119 Total fixed-maturities available for sale $ 4,804,453 $ 5,070,091 ______________________ (1) Actual maturities may differ as a result of calls before scheduled maturity. (2) Includes RMBS, CMBS and Other ABS, which are not due at a single maturity date. Other For the six months ended June 30, 2020, we did not transfer any securities to or from the available for sale or trading categories. Our fixed-maturities available for sale include securities totaling $17.1 million and $16.8 million at June 30, 2020 and December 31, 2019, respectively, on deposit and serving as collateral with various state regulatory authorities. Our fixed-maturities available for sale also include securities serving as collateral for our FHLB advances. See Note 11 for additional information about our FHLB advances.

Note 6 - Goodwill and Other Acq

Note 6 - Goodwill and Other Acquired Intangible Assets, Net	6 Months Ended
	Jun. 30, 2020
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 Real Estate segment. The following table shows the changes in the carrying amount of goodwill for the year-to-date periods ended December 31, 2019 and June 30, 2020: (In thousands) Goodwill Accumulated Impairment Losses Net Balance at December 31, 2018 $ 200,561 $ (186,469) $ 14,092 Goodwill acquired 538 — 538 Impairment losses — (4,828) (4,828) Balance at December 31, 2019 201,099 (191,297) 9,802 Goodwill disposed (1) (191,297) 191,297 — Balance at June 30, 2020 $ 9,802 $ — $ 9,802 ______________________ (1) Related to the sale of Clayton in January 2020. See Note 7 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information on the sale of Clayton. The following is a summary of the gross and net carrying amounts and accumulated amortization (including impairment) of our other acquired intangible assets as of the periods indicated: June 30, 2020 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Client relationships $ 43,550 $ (28,921) $ 14,629 Technology 8,285 (6,884) 1,401 Trade name and trademarks 480 (442) 38 Licenses 463 (104) 359 Total $ 52,778 $ (36,351) $ 16,427 December 31, 2019 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Client relationships $ 43,550 $ (27,269) $ 16,281 Technology 8,435 (6,789) 1,646 Trade name and trademarks 480 (404) 76 Licenses 463 (81) 382 Total $ 52,928 $ (34,543) $ 18,385 Interim Impairment Analysis Goodwill is deemed to have an indefinite useful life and is subject to review for impairment annually, or more frequently, if certain events and circumstances indicate potential impairment. We generally perform our annual goodwill impairment test during the fourth quarter of each year, using balances as of the prior quarter. Events and circumstances that could result in an interim assessment of goodwill and other acquired intangible assets and/or a potential impairment loss include, but are not limited to: (i) significant under-performance of the Real Estate segment relative to historical or projected future operating results; (ii) significant changes in the strategy for the Real Estate segment; (iii) significant negative industry or economic trends; and (iv) a decline in market capitalization below the book value attributable to the Real Estate segment. Due to the rapidly changing social and economic impacts associated with the COVID-19 pandemic on the U.S. and global economies generally, and in particular on the U.S. housing, real estate and housing finance markets during the first quarter of 2020, we opted to perform an interim quantitative impairment assessment of our goodwill and other acquired intangible assets for the first quarter of 2020. In connection with that assessment, we first evaluated the recoverability of our other acquired intangible assets, as factors affecting the estimated fair value of our goodwill also affect the estimated recoverability of our other acquired intangible assets. Based on our analysis in the first quarter of 2020, no impairment was indicated for other acquired intangible assets, as the remaining carrying amounts were estimated to be recoverable despite the recent market disruptions associated with the COVID-19 pandemic. The value of our goodwill and other acquired intangible assets is supported by cash flow projections, which are primarily driven by projected transaction volume and margins. Given that the value of our goodwill and other acquired intangible assets continues to rely on achieving our projected future cash flows, failure to meet those projections and lower earnings over sustained periods may result in impairment in a future period, which could result in a charge to earnings. Our assumptions related to projected cash flows did not significantly change as a result of the observed market conditions during 2020. Based on our quantitative goodwill impairment assessment as of March 31, 2020, and the evaluation of factors that affect our estimated fair value as of June 30, 2020, we concluded that there were no events or circumstances that would more likely than not reduce the fair value of our reporting unit, including acquired intangible assets. 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 2019 Form 10-K.

Note 7 - Reinsurance

Note 7 - Reinsurance	6 Months Ended
	Jun. 30, 2020
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. 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 amount of credit that we receive under the PMIERs financial requirements for our third-party reinsurance transactions is subject to ongoing review and approval by the GSEs. The effect of all of our reinsurance programs on our net income (loss) is as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Net premiums written: Direct $ 271,545 $ 279,991 $ 551,027 $ 541,022 Assumed (1) 3,192 2,475 6,643 4,920 Ceded (2) (43,580) (14,289) (63,123) (24,445) Net premiums written $ 231,157 $ 268,177 $ 494,547 $ 521,497 Net premiums earned: Direct $ 315,305 $ 333,791 (3) $ 616,559 $ 614,014 (3) Assumed (1) 3,197 2,481 6,653 4,931 Ceded (2) (69,207) (37,106) (3) (96,502) (56,267) (3) Net premiums earned $ 249,295 $ 299,166 (3) $ 526,710 $ 562,678 (3) Ceding commissions earned (4) $ 13,453 $ 16,353 (3) $ 23,419 $ 25,038 (3) Ceded losses 39,635 1,868 41,597 3,555 ______________________ (1) Includes premiums earned from our participation in certain credit risk transfer programs. (2) Net of profit commission, which is impacted by the level of ceded losses recoverable, if any, on reinsurance transactions. See Note 10 for additional information on our reserve for losses and reinsurance recoverables. (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. (4) Deferred ceding commissions of $66.5 million and $80.8 million are included in other liabilities on our condensed consolidated balance sheets at June 30, 2020 and 2019, respectively. Single Premium QSR Program Radian Guaranty entered into each of the 2016 Single Premium QSR Agreement, 2018 Single Premium QSR Agreement and 2020 Single Premium QSR Agreement with panels of third-party reinsurers to cede a contractual quota share percent of our Single Premium NIW as of the effective date of each agreement (as set forth in the table below), subject to certain conditions. Radian Guaranty receives a ceding commission for ceded premiums written pursuant to these transactions. Radian Guaranty also receives a profit commission, provided that the loss ratio on the loans covered under the agreement generally remains below the applicable prescribed thresholds. Losses on the ceded risk up to this level reduce Radian Guaranty’s profit commission on a dollar-for-dollar basis. Each of the agreements is subject to a scheduled termination date as set forth in the table below; however, Radian Guaranty has the option, based on certain conditions and subject to a termination fee, to terminate any of the agreements at the end of any calendar quarter on or after the applicable optional termination date. If Radian Guaranty exercises this option in the future, it would result in Radian Guaranty reassuming the related RIF in exchange for a net payment to the reinsurer calculated in accordance with the terms of the applicable agreement. Radian Guaranty also may terminate any of the agreements prior to the applicable scheduled termination date under certain circumstances/conditions, including if one or both of the GSEs no longer grant full PMIERs credit for the reinsurance. The 2020 Single Premium QSR Agreement is the only QSR agreement under which Radian Guaranty is currently ceding NIW. Under the 2020 Single Premium QSR Agreement, NIW for policies issued between January 1, 2020 and December 31, 2021 is being ceded, subject to certain conditions and a limitation on ceded premiums written of $250 million. The parties may mutually agree to increase the amount of ceded risk above this level. The following table sets forth additional details regarding the Single Premium QSR Program: (In millions) 2016 Singles QSR 2018 Singles QSR 2020 Singles QSR NIW Policy Dates Jan 1, 2012-Dec 31, 2017 Jan 1, 2018-Dec 31, 2019 Jan 1, 2020-Dec 31, 2021 Effective Date January 1, 2016 January 1, 2018 January 1, 2020 Scheduled Termination Date December 31, 2027 December 31, 2029 December 31, 2031 Optional Termination Date January 1, 2020 January 1, 2022 January 1, 2024 Quota Share % 20% - 65% (1) 65% 65% Ceding Commission % 25% 25% 25% Profit Commission % Up to 55% Up to 56% Up to 56% As of June 30, 2020 RIF Ceded $ 4,533 $ 2,711 $ 929 As of December 31, 2019 RIF Ceded $ 5,351 $ 3,231 $ — ______________________ (1) Effective December 31, 2017, we amended the 2016 Single Premium QSR Agreement to increase the amount of ceded risk on performing loans under the agreement from 35% to 65% for the 2015 through 2017 vintages. Loans included in the 2012 through 2014 vintages, and any other loans subject to the agreement that were delinquent at the time of the amendment, were unaffected by the change and therefore the amount of ceded risk for those loans continues to range from 20% to 35%. Excess-of-Loss Program Radian Guaranty has entered into three fully collateralized reinsurance arrangements with the Eagle Re Issuers. For the respective coverage periods, Radian Guaranty retains the first-loss layer of aggregate losses, as well as any losses in excess of the outstanding reinsurance coverage amounts. The Eagle Re Issuers provide second layer coverage up to the outstanding coverage amounts. For each of these three reinsurance arrangements, the Eagle Re Issuers financed their coverage by issuing mortgage insurance-linked notes to eligible third-party capital markets investors in unregistered private offerings. The aggregate excess-of-loss reinsurance coverage for these transactions decreases over a 10-year period as the principal balances of the underlying covered mortgages decrease and as any 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 following table sets forth additional details regarding the Excess-of-Loss Program: (In millions) Eagle Re 2020-1 Eagle Re 2019-1 Eagle Re 2018-1 Issued February 2020 April 2019 November 2018 NIW Policy Dates Jan 1, 2019-Sep 30, 2019 Jan 1, 2018-Dec 31, 2018 Jan 1, 2017-Dec 31, 2017 Initial RIF $ 9,866 $ 10,705 $ 9,109 Initial Coverage 488 562 434 (1) Initial First Layer Retention 202 268 205 As of June 30, 2020 RIF $ 8,152 $ 6,473 $ 5,598 Remaining Coverage 488 385 276 (1) First Layer Retention 202 267 202 ______________________ (1) Excludes a separate excess-of-loss reinsurance agreement entered into by Radian Guaranty that initially provided up to $21.4 million of coverage. In each of the insurance-linked notes transactions, the outstanding reinsurance coverage amount will stop amortizing if certain thresholds, or triggers, are reached, including a trigger based on an elevated level of delinquencies as defined in the insurance-linked notes transaction agreements. Based on the current level of defaults reported to us, the insurance-linked notes issued by the Eagle Re Issuers in connection with our Excess-of-Loss Program are currently subject to a delinquency trigger event, which was reported to the insurance-linked note investors on June 25, 2020. Both the amortization of the outstanding reinsurance coverage amount pursuant to our reinsurance arrangements with the Eagle Re Issuers and the amortization of the principal amount of the related insurance-linked notes issued by the Eagle Re Issuers have been suspended and will continue to be suspended during the pendency of the trigger event. 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 2019 Form 10-K for more information on our accounting treatment of VIEs. The reinsurance premium due to the Eagle Re Issuers is calculated by multiplying the outstanding reinsurance coverage amount at the beginning of a period by a coupon rate, which is the sum of one-month LIBOR plus a contractual risk margin, and then subtracting actual investment income collected on the assets in the reinsurance trust during the preceding month. As a result, the premiums we pay will vary based on: (i) the spread between LIBOR and the rates on the investments held by the reinsurance trust and (ii) the outstanding amount of reinsurance coverage. As the reinsurance premium will vary based on changes in these rates, we concluded that the reinsurance agreements contain embedded derivatives, which we have accounted for separately as freestanding derivatives and recorded in other assets or other liabilities on our condensed consolidated balance sheets. See Note 4 for additional information on our embedded derivatives. In the event an Eagle Re Issuer is unable to meet its future obligations to us, if any, 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) have become worthless and the Eagle Re Issuer 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. See Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for more information on our fair value measurements of financial instruments. The Eagle Re Issuers represent our only VIEs as of June 30, 2020 and December 31, 2019. The following table presents the total assets and liabilities of the Eagle Re Issuers as of the dates indicated. Total VIE Assets and Liabilities (1) (In thousands) June 30, December 31, Eagle Re 2020-1 $ 488,385 $ — Eagle Re 2019-1 384,602 508,449 Eagle Re 2018-1 275,718 357,005 Total $ 1,148,705 $ 865,454 ______________________ (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. Other 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, consistent with the PMIERs reinsurer counterparty collateral requirements, Radian Guaranty’s reinsurers have established trusts to help secure our potential cash recoveries. In addition to the total VIE assets of the Eagle Re Issuers discussed above, the amount held in other reinsurance trusts was $243.2 million as of June 30, 2020, compared to $203.2 million as of December 31, 2019. In addition, for the Single Premium QSR Program, Radian Guaranty holds amounts related to ceded premiums written to collateralize the reinsurers’ obligations, which is 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 2019 Form 10-K for more information about our reinsurance transactions.

Note 8 - Other Assets

Note 8 - Other Assets	6 Months Ended
	Jun. 30, 2020
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, Prepaid federal income taxes (Note 9) $ 191,889 $ 134,800 Company-owned life insurance 110,076 105,721 Internal-use software (net of accumulated amortization of $77,344 and $73,498) 61,639 58,356 Reinsurance recoverables 56,852 16,976 Accrued investment income 34,179 32,333 Right-of-use assets 33,851 37,866 Property and equipment (net of accumulated depreciation of $68,681 and $68,436) 27,504 29,523 Deferred policy acquisition costs 21,774 20,759 Loaned securities (Note 5) 16,332 66,442 Unbilled receivables 3,091 13,772 Assets held for sale (1) — 24,908 Other 28,679 26,163 Total other assets $ 585,866 $ 567,619 ______________________ (1) Related to the sale of Clayton. See Note 4 and 7 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information on assets held for sale. Liabilities held for sale at December 31, 2019 are included in other liabilities on our condensed consolidated balance sheets.

Note 9 - Income Taxes

Note 9 - Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As of June 30, 2020 and December 31, 2019, our current income tax liability was $32.6 million and $39.1 million, respectively, and is included as a component of other liabilities in our condensed consolidated balance sheets. As of June 30, 2020 and December 31, 2019 our deferred tax liability was $126.9 million and $71.1 million, respectively, and is included in other liabilities in our condensed consolidated balance sheets. Certain entities within our consolidated group have generated deferred tax assets 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 Group 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 $68.5 million at June 30, 2020. As a mortgage guaranty insurer, we are eligible for a tax deduction, subject to certain limitations, under Internal Revenue Code 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, in conjunction with quarterly federal tax payment due dates, we purchase non-interest bearing U.S. Mortgage Guaranty Tax and Loss Bonds issued by the U.S. Department of the Treasury in an amount equal to the tax benefit derived from deducting any portion of our statutory contingency reserves. As of June 30, 2020 and December 31, 2019, we held $191.9 million and $134.8 million of these bonds, respectively, which are included as prepaid federal income taxes within other assets in our condensed consolidated balance sheets. The corresponding deduction of our statutory contingency reserves resulted in the recognition of a deferred tax liability, which is included in other liabilities in our condensed consolidated balance sheets. In late July 2020, the IRS notified us that it had completed its examination of our 2015 and 2017 tax years. This examination resulted in no adjustments to the tax returns filed for those years. For additional information on our income taxes, including our accounting policies, see Notes 2 and 10 of Notes to Consolidated Financial Statements in our 2019 Form 10-K.

Note 10 - Losses and Loss Adj_2

Note 10 - Losses and Loss Adjustment Expense (Note)	6 Months Ended
	Jun. 30, 2020
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 (1) $ 734,991 $ 401,273 Title insurance loss reserves 3,894 3,492 Total reserve for losses and LAE $ 738,885 $ 404,765 ______________________ (1) Primarily comprises first lien primary case reserves of $660.1 million and $339.8 million at June 30, 2020 and December 31, 2019, respectively. 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) 2020 2019 Balance at beginning of period $ 401,273 $ 397,891 Less: Reinsurance recoverables (1) 14,594 11,009 Balance at beginning of period, net of reinsurance recoverables 386,679 386,882 Add: Losses and LAE incurred in respect of default notices reported and unreported in: Current year (2) 356,555 73,494 Prior years (17,223) (5,617) Total incurred 339,332 67,877 Deduct: Paid claims and LAE related to: Current year (2) 1,594 507 Prior years 44,580 66,510 Total paid 46,174 67,017 Balance at end of period, net of reinsurance recoverables 679,837 387,742 Add: Reinsurance recoverables (1) 55,154 13,552 Balance at end of period $ 734,991 $ 401,294 ______________________ (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 Incurred Losses Case reserves established for new default notices were the primary driver of our total incurred losses for the six months ended June 30, 2020, and 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. For the six months ended June 30, 2020, we experienced a significant increase in the number of new primary default notices, substantially all related to defaults of loans subject to forbearance programs implemented in response to the COVID-19 pandemic. Our gross Default to Claim Rate assumption applied to new defaults was 8.5% as of June 30, 2020, compared to 7.5% as of December 31, 2019. This increase reflects the estimated impact of a worsening macroeconomic environment, partially offset by the expected beneficial effects of mortgage relief options and other protections, including forbearance programs under the CARES Act. Our other Default to Claim Rate assumptions for prior year defaults, were not materially changed as of June 30, 2020 compared to December 31, 2019. Our provision for losses during the first six months of 2020 was positively impacted by favorable reserve development on prior year defaults, primarily due to higher Cures than previously estimated. See Note 1 for additional information on the elevated risks and uncertainties resulting from the COVID-19 pandemic to our business and Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for discussion of the reserving methodology for the mortgage insurance industry, which requires that reserves for losses are generally not established until receipt of notification from servicers that a borrower has missed two payments. Ou r gross Default to Claim Rate assumption applied to new defaults wa s 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 periods in certain Default to Claim Rate assumptions for these prior year defaults based on observed trends, primarily higher Cures than previously estimated. Claims Paid Total claims paid decreased for the six months ended June 30, 2020, compared to the same period in 2019. The decrease in claims paid is primarily attributable to COVID-19-related hardship forbearance plans and suspensions of foreclosure and evictions. For additional information about our Reserve for Losses and LAE, including our accounting policies, see Notes 2 and 11 of Notes to Consolidated Financial Statements in our 2019 Form 10-K.

Note 11 - Borrowings and Financ

Note 11 - Borrowings and Financing Activities (Note)	6 Months Ended
	Jun. 30, 2020
Senior Notes [Abstract]
Borrowings and Financing Activities	Borrowings and Financing Activities The carrying value of our debt at June 30, 2020 and December 31, 2019 was as follows: (In thousands) June 30, December 31, Senior notes: Senior Notes due 2024 $ 444,972 $ 444,445 Senior Notes due 2025 515,794 — Senior Notes due 2027 443,091 442,665 Total senior notes $ 1,403,857 $ 887,110 FHLB advances: FHLB advances due 2020 $ 86,264 $ 79,002 FHLB advances due 2021 30,000 19,000 FHLB advances due 2022 16,925 11,925 FHLB advances due 2023 21,995 14,994 FHLB advances due 2024 9,954 9,954 FHLB advances due 2025 9,984 — Total FHLB advances $ 175,122 $ 134,875 Senior Notes due 2025 In May 2020, we issued $525 million aggregate principal amount of Senior Notes due 2025 and received net proceeds of $515.6 million. These notes mature on March 15, 2025 and bear interest at a rate of 6.625% per annum, payable semi-annually on March 15 and September 15 of each year, with interest payments commencing on September 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, 2024 (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 2025 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 As of June 30, 2020, we had $175.1 million of fixed-rate advances outstanding with a weighted average interest rate of 1.19%. Interest on the FHLB advances is payable quarterly, or at maturity if the term of the advance is less than 90 days. Principal is due at maturity. For obligations with maturities greater than or equal to 90 days, we may prepay the debt at any time, subject to a prepayment fee calculation. The FHLB advances are required to be collateralized by eligible assets with a market value that must be maintained generally at a minimum of approximately 103% to 105% of the principal balance of the FHLB advances. Our fixed-maturities available for sale include securities totaling $195.0 million and $143.1 million at June 30, 2020 and December 31, 2019, respectively, which serve as collateral for our FHLB advances to satisfy this requirement. See Note 12 of Notes to Consolidated Financial Statements in our 2019 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 has a maturity date of January 18, 2022. At June 30, 2020, 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 12 of Notes to Consolidated Financial Statements in our 2019 Form 10-K.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies (Note)	6 Months Ended
	Jun. 30, 2020
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 2019 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 (the “Litigation”). 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 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 Litigation and the trial judge issued an order dismissing all claims and counterclaims in the Litigation. Radian Guaranty was not required to make any payment in connection with this confidential agreement. Pursuant to the confidential agreement, the parties: (i) dismissed the Litigation; (ii) narrowed the scope of the Arbitration 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 (iii) agreed to resolve the Arbitration through an alternative dispute resolution process administered by the AAA (the “ADR Process”). Effective June 30, 2020, Radian Guaranty, PHH Mortgage Corporation, on behalf of itself, and as successor by merger to Ocwen (collectively, “PHH”), and Ocwen Financial Corporation entered into a Confidential Settlement Agreement and Release (the “Ocwen Settlement”) to fully resolve, among other things, all claims subject to the ADR Process. Pursuant to the Ocwen Settlement, among other things: (i) Radian agreed to make a cash settlement payment following the implementation of the Ocwen Settlement and (ii) each party agreed to release the other with respect to all known or unknown claims with respect to the certificates subject to the ADR Process as well as with respect to all other certificates issued on loans serviced by PHH for which Radian decided claims prior to January 1, 2019. Implementation of the Ocwen Settlement remains subject to the condition precedent that the GSEs consent to the settlement agreement. On July 2, 2020, the ADR Process panel ordered that all proceedings in the ADR Process are stayed pending final dismissal after receipt of the required consents. 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, equitable indemnification, unjust enrichment, and conversion claims and seeking monetary damages and declaratory relief. Exhibit 1 to the Complaint lists 3,014 mortgage insurance certificates issued under multiple insurance policies as subject to disputes involving insurance coverage decisions (the “Coverage Disputed Loans”). Exhibit 2 to the Complaint further lists 2,231 mortgage insurance certificates issued under multiple insurance policies as subject to disputes involving premium refund requests. 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 to the Complaint, with affirmative defenses and counterclaims. On September 23, 2019, the trial judge entered as an order a joint stipulation submitted by Nationstar and Radian Guaranty that narrowed the scope of the dispute involving Coverage Disputed Loans to claims relating to 1,704 mortgage insurance certificates. Effective June 26, 2020, Radian Guaranty and Nationstar entered into a Confidential Settlement Agreement and Release (the “Nationstar Settlement”) to fully resolve, among other things, all claims and counterclaims in this litigation. Pursuant to the Nationstar Settlement, among other things: (i) Radian agreed to make a cash settlement payment following the implementation of the Nationstar Settlement and (ii) each party agreed to release the other with respect to all known or unknown claims with respect to the certificates subject to this litigation as well as with respect to all other certificates issued under certain policies on loans serviced by Nationstar for which Radian decided claims prior to January 1, 2019. Implementation of the Nationstar Settlement remains subject to the condition precedent that the GSEs consent to the settlement agreement. On July 9, 2020, the trial judge granted the parties’ joint motion requesting to stay this litigation pending receipt of required consents. As previously disclosed, based on developments in the Ocwen and Nationstar legal proceedings discussed above, the Company’s IBNR reserve was increased in 2019 to reflect our best estimate of our probable loss in connection with these legal proceedings. The settlement agreements were materially consistent with these estimates, and as a result, the execution of the settlements did not have a material impact on our mortgage insurance reserves for these settlements in the second quarter of 2020. With respect to each of the settlement agreements, a failure to receive the required consents of the GSEs would restart the applicable legal proceeding, the outcome of which could have an adverse effect on our future results of operations, liquidity or financial condition. 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. The legal and regulatory matters discussed above could result in adverse judgments, settlements, fines, injunctions, restitutions or other relief that could require significant expenditures or have other effects on our business in excess of amounts we have established as reserves for such matters. Lease Liability Our lease liability represents the present value of future lease payments over the lease term. The following table provides additional information related to our leases: ($ in thousands) June 30, 2020 Operating leases: Operating lease right-of-use assets (1) $ 33,851 Operating lease liabilities (2) 54,785 Weighted-average remaining lease term - operating leases (in years) 9.6 years Weighted-average discount rate - operating leases 6.82% ______________________ (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.

Note 13 - Capital Stock (Note)

Note 13 - Capital Stock (Note)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Capital Stock Share Repurchase Program On August 14, 2019, Radian Group’s board of directors approved a share repurchase program that authorizes the Company to spend up to $200 million, excluding commissions, to repurchase Radian Group common stock in the open market or in privately negotiated transactions, based on market and business conditions, stock price and other factors. Radian operates this program pursuant to a trading plan under Rule 10b5-1 of the Exchange Act, which permits the Company to purchase shares, at pre-determined price targets, when it may otherwise be precluded from doing so. On February 13, 2020, Radian Group’s board of directors authorized a $275 million increase in this program, bringing the total authorization to repurchase shares up to $475 million, excluding commissions, and extended the expiration of this program extension from July 31, 2020 to August 31, 2021. During the six months ended June 30, 2020, the Company purchased 11,036,248 shares at an average price of $20.51, including commissions. As of June 30, 2020, purchase authority of up to $198.9 million remained available under this program. Effective March 19, 2020, the Company suspended its share repurchase program and canceled its current 10b5-1 plan. Radian may initiate a new 10b5-1 plan at its discretion in the future. The expiration date of the current share repurchase authorization remains August 31, 2021. Other Purchases We may purchase shares on the open market to settle stock options exercised by employees and purchases under the Amended and Restated Radian Group Inc. 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 and Dividend Equivalents In each of the quarters during 2019 we declared quarterly cash dividends on our common stock equal to $0.0025 per share. On February 13, 2020, Radian Group’s board of directors authorized an increase to the Company’s quarterly cash dividend from $0.0025 to $0.125 per share, beginning with the dividend declared in the first quarter of 2020. In February 2020, the Compensation and Human Capital Management Committee of Radian Group’s board of directors approved the amendment of outstanding performance-based restricted stock unit (“RSU”) awards and time-based RSU awards held by eligible employees (including former employees) and directors of the Company to add certain dividend equivalent rights to such equity awards. Therefore, beginning in the first quarter of 2020, dividend equivalents are accrued on these awards when dividends are declared on the Company’s common stock. Share-Based and Other Compensation Programs We have granted performance-based or time-based awards in the form of non-qualified stock options, restricted stock, RSUs, phantom stock, or stock appreciation rights. See Note 15 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding the Company’s share-based and other compensation programs. During the second quarter of 2020, executive and non-executive officers were granted time-vested and performance-based RSUs to be settled in common stock. The maximum payout of performance-based RSUs at the end of the three three one Information with regard to RSUs to be settled in stock for periods indicated is as follows: Performance-Based Time-Vested Number of Shares Weighted-Average Grant Date Fair Value Number of Shares Weighted-Average Grant Date Fair Value Unvested, December 31, 2019 (1) 2,448,347 $ 17.03 697,576 $ 19.72 Granted (2) 1,175,062 $ 12.02 659,914 $ 13.69 Performance adjustment (3) (792,420) $ — — $ — Vested (4) (591,118) $ 17.59 (395,093) $ 17.45 Forfeited (15,463) $ 20.00 (4,484) $ 22.87 Unvested, June 30, 2020 (1) 2,224,408 $ 14.44 957,913 $ 16.48 ______________________ (1) The final number of RSUs distributed depends on the level of performance achieved along with each employee’s continued service through the vest date, which could result in changes in vested RSUs. (2) For performance-based RSUs, amount represents the probable outcome at grant date. (3) Represents an adjustment to the number of unvested performance-based RSUs due to changes during the period in our estimated payouts, which can range from 0 to 200% of target depending on results over the applicable performance periods. (4) Represents amounts vested during the year, which can include both original shares granted and the impact of performance adjustments.

Note 15 - Statutory Information

Note 15 - Statutory Information (Note)	6 Months Ended
	Jun. 30, 2020
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, 2020, the amount of restricted net assets held by our consolidated insurance subsidiaries (which represents our equity investment in those insurance subsidiaries) totaled $3.8 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, 2020. 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, 2020, Radian Guaranty is an approved mortgage insurer under the PMIERs and is in compliance with the current PMIERs financial requirements. Under the PMIERs there are increased financial requirements for loans in default, including as a result of natural disasters and pandemics. As a result, increases in defaults related to the COVID-19 pandemic have subjected Radian Guaranty to an increase in Minimum Required Assets under the PMIERs, and therefore, could impact our compliance with the PMIERs or further negatively impact our results of operations. However, as further described below, the PMIERs apply a multiplier that reduces the Minimum Required Asset factor for loans that have become non-performing as a result of a “FEMA Declared Major Disaster” event, including as a result of participation in a forbearance program, because those loans generally have a higher likelihood of curing following the conclusion of the event. For these defaults, the PMIERs apply the Disaster Related Capital Charge, which is a 0.30 multiplier to the factor that normally would be applied to such default, effectively reducing the required asset amount by 70 percent, unless the resulting Minimum Required Asset amount after applying the Disaster Related Capital Charge would be less than the Minimum Required Asset amount for the loan if it was performing, in which case the Minimum Required Asset amount would equal the performing level amount. The GSEs recently issued guidelines that, among other things, temporarily amend the PMIERs effective June 30, 2020, primarily to recognize the COVID-19 pandemic as a nationwide FEMA Declared Major Disaster, and therefore, the Disaster Related Capital Charge is to be applied nationwide to all COVID-19 Defaulted Loans. See Note 1 for discussion about the elevated risks and uncertainties associated with the COVID-19 pandemic and Note 18 of Notes to Consolidated Financial Statements in our 2019 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) $ 46,879.1 $ 44,076.7 Common stock and paid-in capital $ 1,041.0 $ 1,041.0 Surplus Note 300.0 100.0 Unassigned earnings (deficit) (861.3) (503.3) Statutory policyholders’ surplus 479.7 637.7 Contingency reserve 3,051.1 2,607.8 Statutory capital $ 3,530.8 $ 3,245.5 Risk-to-capital 13.3:1 13.6:1 ______________________ (1) Excludes risk ceded through all reinsurance programs (including with affiliates, if any) and RIF on defaulted loans. Radian Guaranty’s statutory capital increased by $285.3 million in the first six months of 2020, primarily due to Radian Guaranty’s statutory net income of $103.2 million during this period and the impact of the additional surplus note issued in January 2020, as described below. The net decrease in Radian Guaranty’s Risk-to-capital in the first six months of 2020 was primarily due to an increase in overall statutory capital, partially offset by a net increase in RIF. Radian Guaranty’s net RIF increased during the first half of the year primarily due to the termination of the intercompany reinsurance agreement, as described below, and strong NIW, offset by a reduction in persistency on prior vintages due to the high level of refinancing activity in the first six months of 2020. Due to Radian Guaranty’s negative unassigned surplus position, no dividends or other ordinary distributions can be paid in 202 0. In January 2020, in connection with the termination of an intercompany reinsurance agreement between Radian Reinsurance and Radian Guaranty, Radian Reinsurance transferred $6.0 billion in RIF to Radian Guaranty and released substantially all of its contingency reserves to unassigned surplus. In turn, Radian Guaranty established equivalent contingency reserves with a corresponding decrease to its unassigned surplus. As part of these actions, the Pennsylvania Insurance Department approved a $465 million return of capital from Radian Reinsurance to Radian Group as well as the transfer of $200 million of cash and marketable securities from Radian Group to Radian Guaranty in exchange for a surplus note. This intercompany surplus note has a 3% interest rate and a stated maturity of January 31, 2030. The surplus note may be redeemed at any time upon 30 days prior notice, subject to a request by Radian Guaranty for the approval of the Pennsylvania Insurance Department. For a description of our compliance with statutory and other regulations for our mortgage insurance and title insurance businesses, including statutory capital requirements and divided restrictions, see Note 18 of Notes to Consolidated Financial Statements in our 2019 Form 10-K.	[1]
[1]	Excludes risk ceded through all reinsurance programs (including with affiliates, if any) and RIF on defaulted loans.

Note 1 - Condensed Consolidat_2

Note 1 - Condensed Consolidated Financial Statements - Business Overview and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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.
Investment, Policy [Policy Text Block]	Investments in fixed-maturity securities not classified as held to maturity or trading securities are classified as available for sale and are reported at fair value, with unrealized gains and losses (net of tax) reported as a separate component of stockholders’ equity as accumulated other comprehensive income (loss), unless: (i) we intend to sell the impaired security; (ii) it is more likely than not that we will be required to sell the impaired security prior to recovery of its amortized cost basis or (iii) the present value of cash flows we expect to collect is less than the amortized cost basis of a security. In those instances, we record an impairment loss through earnings that varies depending on specific circumstances, as described below. If a sale is likely, the full amount of the impairment is recognized as a loss in the statement of operations. Otherwise, unrealized losses on securities are separated into: (i) the portion of loss that represents the credit loss and (ii) the portion that is due to other factors. As a result of the adoption effective January 2020, of ASU 2016-13, Financial Instruments—Credit Losses (“ASU 2016-13”), described below, in evaluating whether a decline in value for other securities relates to an existing credit loss, we consider several factors, including, but not limited to, the following: • the extent to which the amortized cost basis is greater than fair value; • reasons for the decline in value (e.g., adverse conditions related to industry or geographic area, changes in financial condition to the issuers or underlying loan obligors); • any changes to the rating of the security by a rating agency; • the failure of the issuer to make a scheduled payment; • the financial position, access to capital and near-term prospects of the issuer, including the current and future impact of any specific events; and • our best estimate of the present value of cash flows expected to be collected. In addition, we no longer consider the duration of the decline in value in assessing whether our fixed income securities available for sale have a credit loss impairment. On initial recognition and at each reporting date after a credit loss is identified, we recognize an allowance for remaining lifetime expected credit losses. This amount is calculated as the difference between the amortized cost and the present value of future expected cash flows, limited to the difference between the carrying amount (i.e. fair value) and amortized cost. If a credit loss is determined to exist, the credit loss impairment is included in net gains (losses) on investments and other financial instruments in the statement of operations, with an offset to an allowance for credit losses. Subsequent changes (favorable and unfavorable) in expected credit losses are recognized immediately in net income (loss) as a credit loss impairment or a reversal of credit loss impairment.
New Accounting Pronouncements and Changes in Accounting Principles	Accounting Standards Adopted During 2020. We adopted ASU 2016-13 on January 1, 2020 using the modified retrospective adoption approach. 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 our available-for-sale debt securities are 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 allowance method will allow reversals of credit losses if the estimate of credit losses declines. This ASU affected certain of our accounts and notes receivable, including premiums receivable, and certain of our other assets, including reinsurance recoverables; however, the update did not have a material effect on our financial statements and disclosures. See Note 5 for additional information. We adopted ASU 2019-04, Codification Improvements related to Financial Instruments—Credit Losses, Derivatives and Hedging, and Financial Instruments on January 1, 2020. 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
New Accounting Pronouncements Not Yet Adopted, Policy	Accounting Standards Not Yet Adopted. 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, 2021, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact on our financial statements and future disclosures as a result of this update. In December 2019, the FASB issued ASU 2019-12, Income Taxes—Simplifying the Accounting for Income Taxes. This update simplifies the accounting for income taxes by removing certain exceptions to the general principals of ASC Topic 740 in GAAP. 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 impact on our financial statements and future disclosures as a result of this update. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform—Facilitation of the Effects of Reference Reform on Financial Reporting. This update provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform. The amendments in this update are optional and may be elected over time, from the date of issuance, as reference rate reform activities occur. We are currently evaluating the impact of the guidance and our options related to the practical expedients.
Segment Reporting, Policy	We have two strategic business units that we manage separately—Mortgage and Real Estate. Our Mortgage segment derives its revenue from mortgage insurance and other mortgage and risk services, including contract underwriting services provided to lenders. Our Real Estate segment offers a broad array of title, valuation, asset management and other real estate services to market participants across the real estate value chain. In addition, we report as All Other activities that include income (losses) from assets held by our holding company, related general corporate operating expenses not attributable or allocated to our reportable segments and, for all periods through the first quarter of 2020, income and expenses related to Clayton prior to its sale in January 2020. Subsequent to the sale of Clayton, our Chief Executive Officer (Radian’s chief operating decision maker) implemented certain organizational changes that caused the composition of our reportable segments to change. As revised, the Company’s Mortgage and Real Estate segments are managed by our President of Mortgage and Co-Heads of Real Estate, respectively, who are responsible for the overall profitability of their respective segments and who are directly accountable to our chief operating decision maker. The differences in the basis of segmentation compared to our 2019 Form 10-K are as follows: Business Activity Current Segmentation Prior Segmentation Mortgage insurance and risk services Mortgage Mortgage Insurance Contract underwriting services Mortgage Services Title and real estate services (1) Real Estate Services Clayton All Other Services Income (loss) from holding company assets (and related corporate expenses) All Other Mortgage Insurance ______________________ (1) Includes single family rental services. These segment reporting changes align with the changes in personnel reporting lines, management oversight and branding following the sale of Clayton, and are consistent with the way our chief operating decision maker began assessing the performance of our reportable segments and other business activities effective in the first quarter of 2020. These changes to our reportable segments have been reflected in our segment operating results for all periods presented. See Note 1 for additional details about our Mortgage and Real Estate businesses.
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, 2020
Segment Reporting [Abstract]
Segment Reporting, Policy	We have two strategic business units that we manage separately—Mortgage and Real Estate. Our Mortgage segment derives its revenue from mortgage insurance and other mortgage and risk services, including contract underwriting services provided to lenders. Our Real Estate segment offers a broad array of title, valuation, asset management and other real estate services to market participants across the real estate value chain. In addition, we report as All Other activities that include income (losses) from assets held by our holding company, related general corporate operating expenses not attributable or allocated to our reportable segments and, for all periods through the first quarter of 2020, income and expenses related to Clayton prior to its sale in January 2020. Subsequent to the sale of Clayton, our Chief Executive Officer (Radian’s chief operating decision maker) implemented certain organizational changes that caused the composition of our reportable segments to change. As revised, the Company’s Mortgage and Real Estate segments are managed by our President of Mortgage and Co-Heads of Real Estate, respectively, who are responsible for the overall profitability of their respective segments and who are directly accountable to our chief operating decision maker. The differences in the basis of segmentation compared to our 2019 Form 10-K are as follows: Business Activity Current Segmentation Prior Segmentation Mortgage insurance and risk services Mortgage Mortgage Insurance Contract underwriting services Mortgage Services Title and real estate services (1) Real Estate Services Clayton All Other Services Income (loss) from holding company assets (and related corporate expenses) All Other Mortgage Insurance ______________________ (1) Includes single family rental services. These segment reporting changes align with the changes in personnel reporting lines, management oversight and branding following the sale of Clayton, and are consistent with the way our chief operating decision maker began assessing the performance of our reportable segments and other business activities effective in the first quarter of 2020. These changes to our reportable segments have been reflected in our segment operating results for all periods presented. See Note 1 for additional details about our Mortgage and Real Estate businesses.

Note 9 - Income Taxes (Policies

Note 9 - Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2020
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, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The calculation of basic and diluted net income (loss) per share is as follows: Three Months Ended Six Months Ended (In thousands, except per-share amounts) 2020 2019 2020 2019 Net income (loss)—basic and diluted $ (29,951) $ 166,730 $ 110,510 $ 337,687 Average common shares outstanding—basic (1) 193,299 208,097 197,545 211,264 Dilutive effect of share-based compensation arrangements (2) — 5,506 1,201 5,236 Adjusted average common shares outstanding—diluted 193,299 213,603 198,746 216,500 Net income (loss) per share: Basic $ (0.15) $ 0.80 $ 0.56 $ 1.60 Diluted $ (0.15) $ 0.78 $ 0.56 $ 1.56 ______________________ (1) Includes the impact of fully vested shares under our share-based compensation programs. (2) There were no dilutive shares for the three months ended June 30, 2020, as a result of our net loss for the period. 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 (loss) per share because they were anti-dilutive: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Shares of common stock equivalents 2,295 168 1,213 168

Note 3 - Segment Reporting (Tab

Note 3 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
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 (loss) is as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Adjusted pretax operating income (loss): Mortgage (1) $ (88,321) $ 214,710 (2) $ 117,346 $ 418,341 (2) Real Estate (3) (4,817) (3,772) (9,684) (7,697) Total adjusted pretax operating income (loss) for reportable segments (93,138) 210,938 107,662 410,644 All Other adjusted pretax operating income (loss) 4,639 4,901 8,438 7,265 Net gains (losses) on investments and other financial instruments 47,276 12,540 25,249 34,453 Loss on extinguishment of debt — (16,798) — (16,798) Amortization and impairment of other acquired intangible assets (979) (2,139) (1,958) (4,326) Impairment of other long-lived assets and other non-operating items (22) 103 (322) (5,557) Consolidated pretax income (loss) $ (42,224) $ 209,545 $ 139,069 $ 425,681 ______________________ (1) Includes allocated corporate operating expenses and depreciation expense as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Allocated corporate operating expenses $ 25,191 $ 24,388 $ 54,265 $ 50,013 Depreciation expense 3,112 3,849 6,824 7,711 (2) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019, as further described below. (3) Includes allocated corporate operating expenses and depreciation expense as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Allocated corporate operating expenses $ 3,339 $ 2,659 $ 7,175 $ 5,454 Depreciation expense 776 615 1,442 1,208 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. See Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding this adjustment and our accounting policies for insurance premiums revenue recognition.
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	The reconciliation of revenue for our reportable segments to consolidated revenues is as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Revenues: Mortgage (1) $ 286,943 $ 336,644 (2) $ 602,027 $ 639,014 (2) Real Estate (1) 26,092 27,627 54,675 50,650 Total revenues for reportable segments 313,035 364,271 656,702 689,664 All Other revenues 6,493 18,519 14,126 35,358 Net gains (losses) on investments and other financial instruments 47,276 12,540 25,249 34,453 Other non-operating revenue 247 — 247 — Elimination of inter-segment revenues (2,610) (366) (2,802) (882) Total revenues $ 364,441 $ 394,964 $ 693,522 $ 758,593 ______________________ (1) Includes immaterial inter-segment revenues for the three and six months ended June 30, 2020 and 2019. (2) Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above.
Services Revenue [Table Text Block]	The table below, which represents total services revenue on our condensed consolidated statements of operations for the periods indicated, represents the disaggregation of services revenues from external customers, by type: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Services revenue Real Estate services: Valuation services $ 7,794 $ 13,358 $ 19,638 $ 26,064 Title services 9,059 4,999 16,364 6,599 Asset management services 6,964 6,461 13,338 12,733 Other real estate services 340 72 750 72 Mortgage services 3,918 1,872 7,051 2,516 All Other services — 12,541 2,861 24,072 Total services revenue $ 28,075 $ 39,303 $ 60,002 $ 72,056

Note 4 - Fair Value of Financ_2

Note 4 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020: (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 124,600 $ 8,443 $ 133,043 State and municipal obligations — 123,117 123,117 Corporate bonds and notes — 2,648,456 2,648,456 RMBS — 835,769 835,769 CMBS — 637,491 637,491 Other ABS — 686,875 686,875 Foreign government and agency securities — 5,340 5,340 Total fixed-maturities available for sale 124,600 4,945,491 5,070,091 Trading securities: State and municipal obligations — 122,234 122,234 Corporate bonds and notes — 126,000 126,000 RMBS — 15,205 15,205 CMBS — 34,170 34,170 Total trading securities — 297,609 297,609 Equity securities 96,089 8,424 104,513 Short-term investments: U.S. government and agency securities 42,528 — 42,528 State and municipal obligations — 5,397 5,397 Money market instruments 375,096 — 375,096 Corporate bonds and notes — 149,490 149,490 Other investments (1) — 382,579 382,579 Total short-term investments 417,624 537,466 955,090 Total investments at fair value (2) 638,313 5,788,990 6,427,303 Other assets: Loaned securities: (3) Corporate bonds and notes — 2,119 2,119 Equity securities 14,213 — 14,213 Total assets at fair value (2) $ 652,526 $ 5,791,109 $ 6,443,635 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $2.5 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient and $1.5 million invested in a private convertible promissory note. (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, 2019: (In thousands) Level I Level II Total Assets at fair value Investments: Fixed-maturities available for sale: U.S. government and agency securities $ 143,884 $ 35,700 $ 179,584 State and municipal obligations — 119,994 119,994 Corporate bonds and notes — 2,237,611 2,237,611 RMBS — 779,354 779,354 CMBS — 608,015 608,015 Other ABS — 759,129 759,129 Foreign government and agency securities — 5,224 5,224 Total fixed-maturities available for sale 143,884 4,545,027 4,688,911 Trading securities: State and municipal obligations — 118,949 118,949 Corporate bonds and notes — 147,232 147,232 RMBS — 16,180 16,180 CMBS — 34,789 34,789 Total trading securities — 317,150 317,150 Equity securities 124,009 6,212 130,221 Short-term investments: U.S. government and agency securities 127,152 — 127,152 State and municipal obligations — 21,475 21,475 Money market instruments 202,461 — 202,461 Corporate bonds and notes — 20,298 20,298 Other investments (1) — 147,007 147,007 Total short-term investments 329,613 188,780 518,393 Total investments at fair value (2) 597,506 5,057,169 5,654,675 Other assets: Loaned securities: (3) U.S. government and agency securities 35,309 — 35,309 Corporate bonds and notes — 3,669 3,669 Equity securities 27,464 — 27,464 Total assets at fair value (2) $ 660,279 $ 5,060,838 $ 5,721,117 ______________________ (1) Comprising short-term certificates of deposit and commercial paper. (2) Does not include other invested assets of $2.6 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient and $1.5 million invested in a private convertible promissory note. (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, 2020 December 31, 2019 (In thousands) Carrying Estimated Carrying Estimated Liabilities: Senior notes $ 1,403,857 $ 1,395,375 $ 887,110 $ 949,500 FHLB advances 175,122 178,584 134,875 135,997

Note 5 - Investments (Tables)

Note 5 - Investments (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 (In thousands) Amortized Allowance for Credit Losses Gross Gross Fair Value Fixed-maturities available for sale: U.S. government and agency securities $ 122,956 $ — $ 10,087 $ — $ 133,043 State and municipal obligations 109,106 — 14,102 (91) 123,117 Corporate bonds and notes 2,455,572 (2,476) 201,051 (3,572) 2,650,575 RMBS 798,750 — 37,101 (82) 835,769 CMBS 614,556 — 31,600 (8,665) 637,491 Other ABS 700,412 — 1,962 (15,499) 686,875 Foreign government and agency securities 5,096 — 244 — 5,340 Total securities available for sale, including loaned securities 4,806,448 $ (2,476) $ 296,147 $ (27,909) 5,072,210 Less: loaned securities 1,995 2,119 Total fixed-maturities available for sale $ 4,804,453 $ 5,070,091 December 31, 2019 (In thousands) Amortized Gross Gross Fair Value Fixed-maturities available for sale: U.S. government and agency securities $ 198,613 $ 2,048 $ (733) $ 199,928 State and municipal obligations 112,003 8,032 (41) 119,994 Corporate bonds and notes 2,136,819 106,189 (1,728) 2,241,280 RMBS 766,429 14,452 (1,527) 779,354 CMBS 593,647 14,993 (625) 608,015 Other ABS 760,785 2,018 (3,674) 759,129 Foreign government and agency securities 5,091 133 — 5,224 Total securities available for sale, including loaned securities 4,573,387 $ 147,865 $ (8,328) 4,712,924 Less: loaned securities 23,853 24,013 Total fixed-maturities available for sale $ 4,549,534 $ 4,688,911
Rollforward of Allowance for Credit Losses	The following table provides a rollforward of the allowance for credit losses on fixed-maturities available for sale, which relates entirely to corporate bonds and notes for the periods indicated: (In thousands) Three Months Ended Six Months Ended Beginning balance $ — $ — Current provision for securities without prior allowance 2,782 2,782 Reduction for securities sold (306) (306) Ending balance $ 2,476 $ 2,476
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, 2020 and December 31, 2019 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, 2020 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of Fair Value Unrealized # of Fair Value Unrealized # of Fair Value Unrealized State and municipal obligations 3 $ 8,540 $ (91) — $ — $ — 3 $ 8,540 $ (91) Corporate bonds and notes 56 181,498 (3,572) — — — 56 181,498 (3,572) RMBS 2 3,776 (2) 3 10,220 (80) 5 13,996 (82) CMBS 47 130,339 (8,353) 5 6,965 (312) 52 137,304 (8,665) Other ABS 124 405,147 (10,100) 26 129,216 (5,399) 150 534,363 (15,499) Total 232 $ 729,300 $ (22,118) 34 $ 146,401 $ (5,791) 266 $ 875,701 $ (27,909) December 31, 2019 ( $ in thousands ) Description of Securities Less Than 12 Months 12 Months or Greater Total # of Fair Value Unrealized # of Fair Value Unrealized # of Fair Value Unrealized U.S. government and agency securities 2 $ 26,142 $ (731) 2 $ 2,529 $ (2) 4 $ 28,671 $ (733) State and municipal obligations 1 3,959 (41) — — — 1 3,959 (41) Corporate bonds and notes 25 110,871 (1,728) — — — 25 110,871 (1,728) RMBS 27 184,378 (535) 16 36,192 (992) 43 220,570 (1,527) CMBS 36 109,589 (478) 8 6,346 (147) 44 115,935 (625) Other ABS 63 225,944 (670) 44 209,661 (3,004) 107 435,605 (3,674) Total 154 $ 660,883 $ (4,183) 70 $ 254,728 $ (4,145) 224 $ 915,611 $ (8,328)
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) 2020 2019 2020 2019 Net realized gains (losses): Fixed-maturities available for sale (1) $ 6,974 $ 1,303 $ 18,221 $ 808 Trading securities (45) 274 4 (410) Equity securities 51 — 361 (680) Other investments 44 144 77 316 Net realized gains (losses) on investments 7,024 1,721 18,663 34 Impairment losses due to intent to sell (779) — (1,401) — Net decrease (increase) in expected credit losses (2,782) — (2,782) — Net unrealized gains (losses) on investments 24,948 9,117 (1,897) 28,586 Total net gains (losses) on investments $ 28,411 $ 10,838 $ 12,583 $ 28,620 ______________________ (1) Components of net realized gains (losses) on fixed-maturities available for sale include: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Gross investment gains from sales and redemptions $ 8,304 $ 2,064 $ 20,203 $ 6,229 Gross investment losses from sales and redemptions (1,330) (761) (1,982) (5,421)
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) 2020 2019 2020 2019 Net unrealized gains (losses) on investments still held: Trading securities $ 13,790 $ 7,608 $ 11,131 $ 15,027 Equity securities 10,443 1,404 (12,612) 8,600 Other investments (201) 138 471 7 Net unrealized gains (losses) on investments still held $ 24,032 $ 9,150 $ (1,010) $ 23,634
Contractual Maturities [Table Text Block]	The contractual maturities of fixed-maturities available for sale were as follows: June 30, 2020 Available for Sale (In thousands) Amortized Fair Due in one year or less (1) $ 92,098 $ 92,628 Due after one year through five years (1) 871,081 915,497 Due after five years through 10 years (1) 1,134,440 1,234,602 Due after 10 years (1) 595,111 669,348 Asset-backed and other mortgage-backed securities (2) 2,113,718 2,160,135 Total 4,806,448 5,072,210 Less: loaned securities 1,995 2,119 Total fixed-maturities available for sale $ 4,804,453 $ 5,070,091 ______________________ (1) Actual maturities may differ as a result of calls before scheduled maturity.

Note 6 - Goodwill and Other A_2

Note 6 - Goodwill and Other Acquired Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2019 and June 30, 2020: (In thousands) Goodwill Accumulated Impairment Losses Net Balance at December 31, 2018 $ 200,561 $ (186,469) $ 14,092 Goodwill acquired 538 — 538 Impairment losses — (4,828) (4,828) Balance at December 31, 2019 201,099 (191,297) 9,802 Goodwill disposed (1) (191,297) 191,297 — Balance at June 30, 2020 $ 9,802 $ — $ 9,802 ______________________
Schedule of Other Intangible Assets [Table Text Block]	The following is a summary of the gross and net carrying amounts and accumulated amortization (including impairment) of our other acquired intangible assets as of the periods indicated: June 30, 2020 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Client relationships $ 43,550 $ (28,921) $ 14,629 Technology 8,285 (6,884) 1,401 Trade name and trademarks 480 (442) 38 Licenses 463 (104) 359 Total $ 52,778 $ (36,351) $ 16,427 December 31, 2019 (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Client relationships $ 43,550 $ (27,269) $ 16,281 Technology 8,435 (6,789) 1,646 Trade name and trademarks 480 (404) 76 Licenses 463 (81) 382 Total $ 52,928 $ (34,543) $ 18,385

Note 7 - Reinsurance (Tables)

Note 7 - Reinsurance (Tables)	6 Months Ended
	Jun. 30, 2020	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 (loss) is as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Net premiums written: Direct $ 271,545 $ 279,991 $ 551,027 $ 541,022 Assumed (1) 3,192 2,475 6,643 4,920 Ceded (2) (43,580) (14,289) (63,123) (24,445) Net premiums written $ 231,157 $ 268,177 $ 494,547 $ 521,497 Net premiums earned: Direct $ 315,305 $ 333,791 (3) $ 616,559 $ 614,014 (3) Assumed (1) 3,197 2,481 6,653 4,931 Ceded (2) (69,207) (37,106) (3) (96,502) (56,267) (3) Net premiums earned $ 249,295 $ 299,166 (3) $ 526,710 $ 562,678 (3) Ceding commissions earned (4) $ 13,453 $ 16,353 (3) $ 23,419 $ 25,038 (3) Ceded losses 39,635 1,868 41,597 3,555 ______________________ (1) Includes premiums earned from our participation in certain credit risk transfer programs. (2) Net of profit commission, which is impacted by the level of ceded losses recoverable, if any, on reinsurance transactions. See Note 10 for additional information on our reserve for losses and reinsurance recoverables. (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. (4) Deferred ceding commissions of $66.5 million and $80.8 million are included in other liabilities on our condensed consolidated balance sheets at June 30, 2020 and 2019, respectively.
Schedule of Single Premium Quota Share Reinsurance Program Details [Table Text Block]		The following table sets forth additional details regarding the Single Premium QSR Program: (In millions) 2016 Singles QSR 2018 Singles QSR 2020 Singles QSR NIW Policy Dates Jan 1, 2012-Dec 31, 2017 Jan 1, 2018-Dec 31, 2019 Jan 1, 2020-Dec 31, 2021 Effective Date January 1, 2016 January 1, 2018 January 1, 2020 Scheduled Termination Date December 31, 2027 December 31, 2029 December 31, 2031 Optional Termination Date January 1, 2020 January 1, 2022 January 1, 2024 Quota Share % 20% - 65% (1) 65% 65% Ceding Commission % 25% 25% 25% Profit Commission % Up to 55% Up to 56% Up to 56% As of June 30, 2020 RIF Ceded $ 4,533 $ 2,711 $ 929 As of December 31, 2019 RIF Ceded $ 5,351 $ 3,231 $ — ______________________ (1) Effective December 31, 2017, we amended the 2016 Single Premium QSR Agreement to increase the amount of ceded risk on performing loans under the agreement from 35% to 65% for the 2015 through 2017 vintages. Loans included in the 2012 through 2014 vintages, and any other loans subject to the agreement that were delinquent at the time of the amendment, were unaffected by the change and therefore the amount of ceded risk for those loans continues to range from 20% to 35%.
Schedule of Collateralized Reinsurance Agreements [Table Text Block]	The following table sets forth additional details regarding the Excess-of-Loss Program: (In millions) Eagle Re 2020-1 Eagle Re 2019-1 Eagle Re 2018-1 Issued February 2020 April 2019 November 2018 NIW Policy Dates Jan 1, 2019-Sep 30, 2019 Jan 1, 2018-Dec 31, 2018 Jan 1, 2017-Dec 31, 2017 Initial RIF $ 9,866 $ 10,705 $ 9,109 Initial Coverage 488 562 434 (1) Initial First Layer Retention 202 268 205 As of June 30, 2020 RIF $ 8,152 $ 6,473 $ 5,598 Remaining Coverage 488 385 276 (1) First Layer Retention 202 267 202 ______________________
Schedule of VIE Assets [Table Text Block]	The following table presents the total assets and liabilities of the Eagle Re Issuers as of the dates indicated. Total VIE Assets and Liabilities (1) (In thousands) June 30, December 31, Eagle Re 2020-1 $ 488,385 $ — Eagle Re 2019-1 384,602 508,449 Eagle Re 2018-1 275,718 357,005 Total $ 1,148,705 $ 865,454 ______________________

Note 8 - Other Assets (Tables)

Note 8 - Other Assets (Tables)	6 Months Ended
	Jun. 30, 2020
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, Prepaid federal income taxes (Note 9) $ 191,889 $ 134,800 Company-owned life insurance 110,076 105,721 Internal-use software (net of accumulated amortization of $77,344 and $73,498) 61,639 58,356 Reinsurance recoverables 56,852 16,976 Accrued investment income 34,179 32,333 Right-of-use assets 33,851 37,866 Property and equipment (net of accumulated depreciation of $68,681 and $68,436) 27,504 29,523 Deferred policy acquisition costs 21,774 20,759 Loaned securities (Note 5) 16,332 66,442 Unbilled receivables 3,091 13,772 Assets held for sale (1) — 24,908 Other 28,679 26,163 Total other assets $ 585,866 $ 567,619 ______________________ (1) Related to the sale of Clayton. See Note 4 and 7 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information on assets held for sale. Liabilities held for sale at December 31, 2019 are included in other liabilities on our condensed consolidated balance sheets.

Note 10 - Losses and Loss Adj_3

Note 10 - Losses and Loss Adjustment Expense (Tables)	6 Months Ended
	Jun. 30, 2020
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 (1) $ 734,991 $ 401,273 Title insurance loss reserves 3,894 3,492 Total reserve for losses and LAE $ 738,885 $ 404,765 ______________________ (1) Primarily comprises first lien primary case reserves of $660.1 million and $339.8 million at June 30, 2020 and December 31, 2019, respectively.
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) 2020 2019 Balance at beginning of period $ 401,273 $ 397,891 Less: Reinsurance recoverables (1) 14,594 11,009 Balance at beginning of period, net of reinsurance recoverables 386,679 386,882 Add: Losses and LAE incurred in respect of default notices reported and unreported in: Current year (2) 356,555 73,494 Prior years (17,223) (5,617) Total incurred 339,332 67,877 Deduct: Paid claims and LAE related to: Current year (2) 1,594 507 Prior years 44,580 66,510 Total paid 46,174 67,017 Balance at end of period, net of reinsurance recoverables 679,837 387,742 Add: Reinsurance recoverables (1) 55,154 13,552 Balance at end of period $ 734,991 $ 401,294 ______________________ (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, 2020
Senior Notes [Abstract]
Schedule of Debt [Table Text Block]	The carrying value of our debt at June 30, 2020 and December 31, 2019 was as follows: (In thousands) June 30, December 31, Senior notes: Senior Notes due 2024 $ 444,972 $ 444,445 Senior Notes due 2025 515,794 — Senior Notes due 2027 443,091 442,665 Total senior notes $ 1,403,857 $ 887,110 FHLB advances: FHLB advances due 2020 $ 86,264 $ 79,002 FHLB advances due 2021 30,000 19,000 FHLB advances due 2022 16,925 11,925 FHLB advances due 2023 21,995 14,994 FHLB advances due 2024 9,954 9,954 FHLB advances due 2025 9,984 — Total FHLB advances $ 175,122 $ 134,875

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Disclosure	The following table provides additional information related to our leases: ($ in thousands) June 30, 2020 Operating leases: Operating lease right-of-use assets (1) $ 33,851 Operating lease liabilities (2) 54,785 Weighted-average remaining lease term - operating leases (in years) 9.6 years Weighted-average discount rate - operating leases 6.82% ______________________ (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.

Note 13 - Capital Stock (Tables

Note 13 - Capital Stock (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	Information with regard to RSUs to be settled in stock for periods indicated is as follows: Performance-Based Time-Vested Number of Shares Weighted-Average Grant Date Fair Value Number of Shares Weighted-Average Grant Date Fair Value Unvested, December 31, 2019 (1) 2,448,347 $ 17.03 697,576 $ 19.72 Granted (2) 1,175,062 $ 12.02 659,914 $ 13.69 Performance adjustment (3) (792,420) $ — — $ — Vested (4) (591,118) $ 17.59 (395,093) $ 17.45 Forfeited (15,463) $ 20.00 (4,484) $ 22.87 Unvested, June 30, 2020 (1) 2,224,408 $ 14.44 957,913 $ 16.48 ______________________ (1) The final number of RSUs distributed depends on the level of performance achieved along with each employee’s continued service through the vest date, which could result in changes in vested RSUs. (2) For performance-based RSUs, amount represents the probable outcome at grant date. (3) Represents an adjustment to the number of unvested performance-based RSUs due to changes during the period in our estimated payouts, which can range from 0 to 200% of target depending on results over the applicable performance periods. (4) Represents amounts vested during the year, which can include both original shares granted and the impact of performance adjustments.

Note 15 - Statutory Informati_2

Note 15 - Statutory Information (Tables)	6 Months Ended
	Jun. 30, 2020
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) $ 46,879.1 $ 44,076.7 Common stock and paid-in capital $ 1,041.0 $ 1,041.0 Surplus Note 300.0 100.0 Unassigned earnings (deficit) (861.3) (503.3) Statutory policyholders’ surplus 479.7 637.7 Contingency reserve 3,051.1 2,607.8 Statutory capital $ 3,530.8 $ 3,245.5 Risk-to-capital 13.3:1 13.6:1 ______________________ (1) Excludes risk ceded through all reinsurance programs (including with affiliates, if any) 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 Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)	May 31, 2020USD ($)	Dec. 31, 2019USD ($)
Business Overview [Abstract]
Number of Reportable Business Segments | segment			2
Mortgage Insurance [Abstract]
Net income (loss)	$ (29,951)	$ 166,730	$ 110,510	$ 337,687
Provision for losses	$ 304,418	$ 47,427	$ 340,369	$ 68,181
Senior Notes Due 2025 | Senior Notes
Mortgage Insurance [Abstract]
Debt Instrument, Face Amount					$ 525,000
Mortgage segment
Mortgage Insurance [Abstract]
Private Mortgage Insurance Protects Lenders For Loans Made With Less Than This Maximum Down Payment Percentage	20.00%		20.00%
Private Mortgage Insurance Protects Lenders For Refinancings Made to Home Buyers With Less Than This Maximum Equity-Ownership Percentage	20.00%		20.00%
Direct Primary Mortgage Insurance in Force	$ 241,300,000		$ 241,300,000
Direct Primary Mortgage Insurance RIF	60,300,000		60,300,000
Credit Risk Transfer Transactions | Mortgage segment
Mortgage Insurance [Abstract]
Direct Primary Mortgage Insurance RIF	$ 325,100		$ 325,100			$ 275,200

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)—diluted		$ (29,951)	$ 166,730	$ 110,510	$ 337,687
Dilutive effect of share-based compensation arrangements	[1]	0	5,506	1,201	5,236
Adjusted average common shares outstanding—diluted		193,299	213,603	198,746	216,500
Net income (loss) per share—diluted		$ (0.15)	$ 0.78	$ 0.56	$ 1.56
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss) - basic		$ (29,951)	$ 166,730	$ 110,510	$ 337,687
Average common shares outstanding - basic	[2]	193,299	208,097	197,545	211,264
Net income (loss) per share - basic		$ (0.15)	$ 0.80	$ 0.56	$ 1.60
Stock Compensation Plan
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Shares of common stock equivalents		2,295	168	1,213	168
[1]	There were no dilutive shares for the three months ended June 30, 2020, as a result of our net loss for the period. 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 (loss) per share because they were anti-dilutive: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Shares of common stock equivalents 2,295 168 1,213 168
[2]	Includes the impact of fully vested shares under our share-based compensation programs.

Note 3 - Segment Reporting Segm

Note 3 - Segment Reporting Segments (Details)	6 Months Ended
	Jun. 30, 2020segment
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 ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted pretax operating income (loss)		$ (93,138,000)	$ 210,938,000		$ 107,662,000	$ 410,644,000
Net gains (losses) on investments and other financial instruments		47,276,000	12,540,000		25,249,000	34,453,000
Amortization and impairment of other acquired intangible assets		(979,000)	(2,139,000)		(1,958,000)	(4,326,000)
Impairment of other long-lived assets and other-non-operating items		(22,000)	103,000		(322,000)	(5,557,000)
Consolidated pretax income (loss)		(42,224,000)	209,545,000		139,069,000	425,681,000
Gain (Loss) on Extinguishment of Debt		0	(16,798,000)		0	(16,798,000)
Mortgage segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Operating Expenses Allocated to Subsidiaries From Parent Company		25,191,000	24,388,000		54,265,000	50,013,000
Depreciation		3,112,000	3,849,000		6,824,000	7,711,000
Adjusted pretax operating income (loss)	[1]	(88,321,000)	214,710,000	[2]	117,346,000	418,341,000	[2]
Real Estate segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total Operating Expenses Allocated to Subsidiaries From Parent Company		3,339,000	2,659,000		7,175,000	5,454,000
Depreciation		776,000	615,000		1,442,000	1,208,000
Adjusted pretax operating income (loss)	[3]	(4,817,000)	(3,772,000)		(9,684,000)	(7,697,000)
All Other activities segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Adjusted pretax operating income (loss)		$ 4,639,000	$ 4,901,000		$ 8,438,000	$ 7,265,000
[1]	Includes allocated corporate operating expenses and depreciation expense as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Allocated corporate operating expenses $ 25,191 $ 24,388 $ 54,265 $ 50,013 Depreciation expense 3,112 3,849 6,824 7,711
[2]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019, as further described below.
[3]	Includes allocated corporate operating expenses and depreciation expense as follows: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Allocated corporate operating expenses $ 3,339 $ 2,659 $ 7,175 $ 5,454 Depreciation expense 776 615 1,442 1,208 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. See Note 2 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information regarding this adjustment and our accounting policies for insurance premiums revenue recognition.

Note 3 - Segment Reporting Reve

Note 3 - Segment Reporting Revenue (Details) - USD ($)		3 Months Ended			6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019		Dec. 31, 2019
Net gains (losses) on investments and other financial instruments		$ 47,276,000	$ 12,540,000		$ 25,249,000	$ 34,453,000
Revenues		364,441,000	394,964,000		693,522,000	758,593,000
Services Revenue, Net		28,075,000	39,303,000		60,002,000	72,056,000
Other Nonoperating Income		247,000	0		247,000	0
Mortgage segment
Revenues	[1]	286,943,000	336,644,000	[2]	602,027,000	639,014,000	[2]
Real Estate segment
Revenues	[1]	26,092,000	27,627,000		54,675,000	50,650,000
Accounts and notes receivable related to revenue service contracts		17,900,000			17,900,000			$ 10,800,000
Bad debt expense		0	0		0	0
All Other activities segment
Revenues		6,493,000	18,519,000		14,126,000	35,358,000
Valuation services
Services Revenue, Net		7,794,000	13,358,000		19,638,000	26,064,000
Title services
Services Revenue, Net		9,059,000	4,999,000		16,364,000	6,599,000
Asset management services
Services Revenue, Net		6,964,000	6,461,000		13,338,000	12,733,000
Mortgage services
Services Revenue, Net		3,918,000	1,872,000		7,051,000	2,516,000
Real estate agent services
Services Revenue, Net		340,000	72,000		750,000	72,000
All Other services
Services Revenue, Net		0	12,541,000		2,861,000	24,072,000
Operating Segments
Revenues		313,035,000	364,271,000		656,702,000	689,664,000
Intersegment Eliminations
Revenues		$ (2,610,000)	$ (366,000)		$ (2,802,000)	$ (882,000)
[1]	Includes immaterial inter-segment revenues for the three and six months ended June 30, 2020 and 2019.
[2]	Includes a cumulative adjustment to unearned premiums recorded in the second quarter of 2019 as further described above.

Note 4 - Fair Value of Financ_3

Note 4 - Fair Value of Financial Instruments Assets Measured at Fair Value by Hierarchy Level (Details) - USD ($)		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2020		Jun. 30, 2020		Dec. 31, 2019
Fair Value by Hierarchy Level [Line Items]
Other Investments		$ 4,047,000		$ 4,047,000		$ 4,072,000
Loaned securities		16,332,000		16,332,000		66,442,000
Investments Measured at NAV
Fair Value by Hierarchy Level [Line Items]
Other Investments		2,500,000		2,500,000
Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		6,427,303,000	[1]	6,427,303,000	[1]	5,654,675,000	[2]
Assets, Fair Value Disclosure		6,443,635,000	[1]	6,443,635,000	[1]	5,721,117,000	[2]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net		0		0		0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net		0		0		0
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		638,313,000	[1]	638,313,000	[1]	597,506,000	[2]
Assets, Fair Value Disclosure		652,526,000	[1]	652,526,000	[1]	660,279,000	[2]
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,788,990,000	[1]	5,788,990,000	[1]	5,057,169,000	[2]
Assets, Fair Value Disclosure		5,791,109,000	[1]	5,791,109,000	[1]	5,060,838,000	[2]
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Assets, Fair Value Disclosure		7,600,000		7,600,000		400,000
Securities Financing Transaction, Fair Value | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities	[3]					35,309,000
Securities Financing Transaction, Fair Value | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Loaned securities		2,119,000	[4]	2,119,000	[4]	3,669,000	[3]
Securities Financing Transaction, Fair Value | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Loaned securities		14,213,000	[4]	14,213,000	[4]	27,464,000	[3]
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	[3]					35,309,000
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	[4]	0	[4]	0	[3]
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		14,213,000	[4]	14,213,000	[4]	27,464,000	[3]
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	[3]					0
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		2,119,000	[4]	2,119,000	[4]	3,669,000	[3]
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	[4]	0	[4]	0	[3]
Fixed-maturities available for sale | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,070,091,000		5,070,091,000		4,688,911,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		133,043,000		133,043,000		179,584,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		123,117,000		123,117,000		119,994,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		2,648,456,000		2,648,456,000		2,237,611,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		835,769,000		835,769,000		779,354,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		637,491,000		637,491,000		608,015,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		686,875,000		686,875,000		759,129,000
Fixed-maturities available for sale | Fair Value, Measurements, Recurring | Foreign government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,340,000		5,340,000		5,224,000
Fixed-maturities available for sale | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		124,600,000		124,600,000		143,884,000
Fixed-maturities available for sale | 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		124,600,000		124,600,000		143,884,000
Fixed-maturities available for sale | 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		0
Fixed-maturities available for sale | 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		0
Fixed-maturities available for sale | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0		0
Fixed-maturities available for sale | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		0		0		0
Fixed-maturities available for sale | 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		0
Fixed-maturities available for sale | 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		0		0
Fixed-maturities available for sale | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		4,945,491,000		4,945,491,000		4,545,027,000
Fixed-maturities available for sale | 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		8,443,000		8,443,000		35,700,000
Fixed-maturities available for sale | 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		123,117,000		123,117,000		119,994,000
Fixed-maturities available for sale | 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		2,648,456,000		2,648,456,000		2,237,611,000
Fixed-maturities available for sale | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		835,769,000		835,769,000		779,354,000
Fixed-maturities available for sale | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		637,491,000		637,491,000		608,015,000
Fixed-maturities available for sale | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Other ABS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		686,875,000		686,875,000		759,129,000
Fixed-maturities available for sale | 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		5,340,000		5,340,000		5,224,000
Fixed-maturities available for sale | Securities Financing Transaction, Fair Value | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Loaned securities						24,013,000
Trading Securities | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		297,609,000		297,609,000		317,150,000
Trading Securities | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		122,234,000		122,234,000		118,949,000
Trading Securities | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		126,000,000		126,000,000		147,232,000
Trading Securities | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		15,205,000		15,205,000		16,180,000
Trading Securities | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		34,170,000		34,170,000		34,789,000
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		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		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		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		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		0
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		297,609,000		297,609,000		317,150,000
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		122,234,000		122,234,000		118,949,000
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		126,000,000		126,000,000		147,232,000
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | RMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		15,205,000		15,205,000		16,180,000
Trading Securities | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | CMBS
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		34,170,000		34,170,000		34,789,000
Equity securities | Fair Value, Measurements, Recurring | Equity securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		104,513,000		104,513,000		130,221,000
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		96,089,000		96,089,000		124,009,000
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		8,424,000		8,424,000		6,212,000
Short-term investments | Fair Value, Measurements, Recurring
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		955,090,000		955,090,000		518,393,000
Short-term investments | Fair Value, Measurements, Recurring | US government and agency securities
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		42,528,000		42,528,000		127,152,000
Short-term investments | Fair Value, Measurements, Recurring | State and municipal obligations
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		5,397,000		5,397,000		21,475,000
Short-term investments | Fair Value, Measurements, Recurring | Money market instruments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		375,096,000		375,096,000		202,461,000
Short-term investments | Fair Value, Measurements, Recurring | Corporate bonds and notes
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		149,490,000		149,490,000		20,298,000
Short-term investments | Fair Value, Measurements, Recurring | Other investments
Fair Value by Hierarchy Level [Line Items]
Total Investments at Fair Value		382,579,000	[5]	382,579,000	[5]	147,007,000	[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		417,624,000		417,624,000		329,613,000
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		42,528,000		42,528,000		127,152,000
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		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		375,096,000		375,096,000		202,461,000
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		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	[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		537,466,000		537,466,000		188,780,000
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		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		5,397,000		5,397,000		21,475,000
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		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		149,490,000		149,490,000		20,298,000
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		382,579,000	[5]	382,579,000	[5]	147,007,000	[6]
Partnership investment
Fair Value by Hierarchy Level [Line Items]
Other Investments						2,600,000
Convertible promissory note
Fair Value by Hierarchy Level [Line Items]
Other Investments		$ 1,500,000		$ 1,500,000		$ 1,500,000
[1]	Does not include other invested assets of $2.5 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient and $1.5 million invested in a private convertible promissory note.
[2]	Does not include other invested assets of $2.6 million that are primarily invested in limited partnership investments valued using the net asset value as a practical expedient and $1.5 million invested in a private convertible promissory note.
[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, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	$ 1,403,857	$ 887,110
FHLB advances	175,122	134,875
Carrying (Reported) Amount, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	1,403,857	887,110
FHLB advances	175,122	134,875
Estimate of Fair Value, Fair Value Disclosure
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes, Fair Value	1,395,375	949,500
FHLB advances, Fair Value	$ 178,584	$ 135,997

Note 5 - Investments Available

Note 5 - Investments Available for Sale Securities (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	$ 4,804,453			$ 4,804,453				$ 4,549,534
Debt Securities, Available-for-sale, Allowance for Credit Loss	(2,476)			(2,476)
Loaned securities	16,332			16,332				66,442
Fixed-maturities available for sale—at fair value, net of allowance for credit losses of $2,476 as of June 30, 2020 (amortized cost of $4,804,453 and $4,549,534)	5,070,091			5,070,091				4,688,911
Current provision for securities without prior allowance	2,782		$ 0	2,782		$ 0
Foreign government and agency securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities								5,091
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax								133
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax								0
Available-for-sale Securities, Debt Securities, Including Loaned Securities								5,224
Total fixed-maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	4,806,448			4,806,448
Available-for-sale Securities, Debt Securities, Including Loaned Securities	5,072,210			5,072,210
Securities Financing Transaction, Fair Value | Corporate bonds and notes | Fair Value, Measurements, Recurring
Debt Securities, Available-for-sale [Line Items]
Securities Loaned, Asset, Amortized Cost Basis	1,995			1,995				23,853
Loaned securities	2,119	[1]		2,119	[1]			3,669	[2]
Fixed-maturities available for sale | US government and agency securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	122,956			122,956				198,613
Debt Securities, Available-for-sale, Allowance for Credit Loss	0			0
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	10,087			10,087				2,048
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0			0				(733)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	133,043			133,043				199,928
Fixed-maturities available for sale | State and municipal obligations
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	109,106			109,106				112,003
Debt Securities, Available-for-sale, Allowance for Credit Loss	0			0
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	14,102			14,102				8,032
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(91)			(91)				(41)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	123,117			123,117				119,994
Fixed-maturities available for sale | Corporate bonds and notes
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	2,455,572			2,455,572				2,136,819
Debt Securities, Available-for-sale, Allowance for Credit Loss	(2,476)			(2,476)
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	201,051			201,051				106,189
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(3,572)			(3,572)				(1,728)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	2,650,575			2,650,575				2,241,280
Accumulated Allowance for Credit Loss, Available-for-sale Debt Securities	2,476			2,476			$ 0	0
Reduction for securities sold	(306)			(306)
Fixed-maturities available for sale | RMBS
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	798,750			798,750				766,429
Debt Securities, Available-for-sale, Allowance for Credit Loss	0			0
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	37,101			37,101				14,452
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(82)			(82)				(1,527)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	835,769			835,769				779,354
Fixed-maturities available for sale | CMBS
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	614,556			614,556				593,647
Debt Securities, Available-for-sale, Allowance for Credit Loss	0			0
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	31,600			31,600				14,993
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(8,665)			(8,665)				(625)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	637,491			637,491				608,015
Fixed-maturities available for sale | Other ABS
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	700,412			700,412				760,785
Debt Securities, Available-for-sale, Allowance for Credit Loss	0			0
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	1,962			1,962				2,018
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(15,499)			(15,499)				(3,674)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	686,875			686,875				759,129
Fixed-maturities available for sale | Foreign government and agency securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	5,096			5,096
Debt Securities, Available-for-sale, Allowance for Credit Loss	0			0
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	244			244
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0			0
Available-for-sale Securities, Debt Securities, Including Loaned Securities	5,340			5,340
Fixed-maturities available for sale | Total fixed-maturities available for sale
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities	4,806,448			4,806,448				4,573,387
Debt Securities, Available-for-sale, Amortized Cost	4,804,453			4,804,453				4,549,534
Debt Securities, Available-for-sale, Allowance for Credit Loss	(2,476)			(2,476)
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	296,147			296,147				147,865
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(27,909)			(27,909)				(8,328)
Available-for-sale Securities, Debt Securities, Including Loaned Securities	5,072,210			5,072,210				4,712,924
Fixed-maturities available for sale—at fair value, net of allowance for credit losses of $2,476 as of June 30, 2020 (amortized cost of $4,804,453 and $4,549,534)	$ 5,070,091			$ 5,070,091				4,688,911
Fixed-maturities available for sale | Securities Financing Transaction, Fair Value | Corporate bonds and notes
Debt Securities, Available-for-sale [Line Items]
Loaned securities								$ 24,013
[1]	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.
[2]	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.

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, 2020USD ($)security	Jun. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	232	232	154
Fair Value, Less Than 12 Months	$ 729,300	$ 729,300	$ 660,883
Unrealized Losses, Less Than 12 Months	$ (22,118)	$ (22,118)	$ (4,183)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	34	34	70
Fair Value, 12 Months or Greater	$ 146,401	$ 146,401	$ 254,728
Unrealized Losses, 12 Months or Greater	$ (5,791)	$ (5,791)	$ (4,145)
Continuous Loss Position, Total
Number of Securities, Total | security	266	266	224
Fair Value, Total	$ 875,701	$ 875,701	$ 915,611
Unrealized Losses, Total	(27,909)	(27,909)	$ (8,328)
Other-than-temporary impairment losses	$ (3,600)	$ (4,200)
US government and agency securities
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security			2
Fair Value, Less Than 12 Months			$ 26,142
Unrealized Losses, Less Than 12 Months			$ (731)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security			2
Fair Value, 12 Months or Greater			$ 2,529
Unrealized Losses, 12 Months or Greater			$ (2)
Continuous Loss Position, Total
Number of Securities, Total | security			4
Fair Value, Total			$ 28,671
Unrealized Losses, Total			$ (733)
State and municipal obligations
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	3	3	1
Fair Value, Less Than 12 Months	$ 8,540	$ 8,540	$ 3,959
Unrealized Losses, Less Than 12 Months	$ (91)	$ (91)	$ (41)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	0	0	0
Fair Value, 12 Months or Greater	$ 0	$ 0	$ 0
Unrealized Losses, 12 Months or Greater	$ 0	$ 0	$ 0
Continuous Loss Position, Total
Number of Securities, Total | security	3	3	1
Fair Value, Total	$ 8,540	$ 8,540	$ 3,959
Unrealized Losses, Total	$ (91)	$ (91)	$ (41)
Corporate bonds and notes
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	56	56	25
Fair Value, Less Than 12 Months	$ 181,498	$ 181,498	$ 110,871
Unrealized Losses, Less Than 12 Months	$ (3,572)	$ (3,572)	$ (1,728)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	0	0	0
Fair Value, 12 Months or Greater	$ 0	$ 0	$ 0
Unrealized Losses, 12 Months or Greater	$ 0	$ 0	$ 0
Continuous Loss Position, Total
Number of Securities, Total | security	56	56	25
Fair Value, Total	$ 181,498	$ 181,498	$ 110,871
Unrealized Losses, Total	$ (3,572)	$ (3,572)	$ (1,728)
RMBS
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	2	2	27
Fair Value, Less Than 12 Months	$ 3,776	$ 3,776	$ 184,378
Unrealized Losses, Less Than 12 Months	$ (2)	$ (2)	$ (535)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	3	3	16
Fair Value, 12 Months or Greater	$ 10,220	$ 10,220	$ 36,192
Unrealized Losses, 12 Months or Greater	$ (80)	$ (80)	$ (992)
Continuous Loss Position, Total
Number of Securities, Total | security	5	5	43
Fair Value, Total	$ 13,996	$ 13,996	$ 220,570
Unrealized Losses, Total	$ (82)	$ (82)	$ (1,527)
CMBS
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	47	47	36
Fair Value, Less Than 12 Months	$ 130,339	$ 130,339	$ 109,589
Unrealized Losses, Less Than 12 Months	$ (8,353)	$ (8,353)	$ (478)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	5	5	8
Fair Value, 12 Months or Greater	$ 6,965	$ 6,965	$ 6,346
Unrealized Losses, 12 Months or Greater	$ (312)	$ (312)	$ (147)
Continuous Loss Position, Total
Number of Securities, Total | security	52	52	44
Fair Value, Total	$ 137,304	$ 137,304	$ 115,935
Unrealized Losses, Total	$ (8,665)	$ (8,665)	$ (625)
Other ABS
Continuous Loss Position Less Than Twelve Months [Abstract]
Number of Securities, Less than 12 Months | security	124	124	63
Fair Value, Less Than 12 Months	$ 405,147	$ 405,147	$ 225,944
Unrealized Losses, Less Than 12 Months	$ (10,100)	$ (10,100)	$ (670)
Continuous Unrealized Loss Position, Twelve Months Or Greater
Number of Securities, 12 Months or Greater | security	26	26	44
Fair Value, 12 Months or Greater	$ 129,216	$ 129,216	$ 209,661
Unrealized Losses, 12 Months or Greater	$ (5,399)	$ (5,399)	$ (3,004)
Continuous Loss Position, Total
Number of Securities, Total | security	150	150	107
Fair Value, Total	$ 534,363	$ 534,363	$ 435,605
Unrealized Losses, Total	$ (15,499)	$ (15,499)	$ (3,674)

Note 5 - Investments Securities

Note 5 - Investments Securities Lending Agreements (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Securities Financing Transaction, Fair Value
Securities Financing Transaction [Line Items]
Securities Received as Collateral	$ 7.8	$ 42.4

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gain (Loss) on Securities [Line Items]
Net realized gains (losses) on investments		$ 7,024	$ 1,721	$ 18,663	$ 34
Impairment losses due to intent to sell		(779)	0	(1,401)	0
Net decrease (increase) in expected credit losses		(2,782)	0	(2,782)	0
Net unrealized gain (losses) on investments		24,948	9,117	(1,897)	28,586
Total net gains (losses) on investments		28,411	10,838	12,583	28,620
Fixed-maturities available for sale
Gain (Loss) on Securities [Line Items]
Fixed maturities available for sale, net realized gain (loss)	[1]	6,974	1,303	18,221	808
Gross investment gains from sales and redemptions		8,304	2,064	20,203	6,229
Gross investment losses from sales and redemptions		(1,330)	(761)	(1,982)	(5,421)
Trading Securities
Gain (Loss) on Securities [Line Items]
Trading securities, net realized gain (loss)		(45)	274	4	(410)
Equity securities
Gain (Loss) on Securities [Line Items]
Equity securities, net realized gain (loss)		51	0	361	(680)
Short-term investments
Gain (Loss) on Securities [Line Items]
Other investments, net realized gain (loss)		$ 44	$ 144	$ 77	$ 316
[1]	Components of net realized gains (losses) on fixed-maturities available for sale include: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Gross investment gains from sales and redemptions $ 8,304 $ 2,064 $ 20,203 $ 6,229 Gross investment losses from sales and redemptions (1,330) (761) (1,982) (5,421)

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gain (Loss) on Securities [Line Items]
Net changes in unrealized gains (losses) on investments	$ 24,032	$ 9,150	$ (1,010)	$ 23,634
Trading Securities
Gain (Loss) on Securities [Line Items]
Trading Securities, Change in Unrealized Holding Gain (Loss)	13,790	7,608	11,131	15,027
Equity securities
Gain (Loss) on Securities [Line Items]
Equity Securities, Change in Unrealized Holding Gain (Loss)	10,443	1,404	(12,612)	8,600
Other investments
Gain (Loss) on Securities [Line Items]
Other Investments, Change in Unrealized Holding Gain (Loss)	$ (201)	$ 138	$ 471	$ 7

Note 5 - Investments Contractua

Note 5 - Investments Contractual Maturities (Details) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019
Available-for-sale Securities, Amortized Cost
Fixed-maturities available for sale—at amortized cost		$ 4,804,453		$ 4,549,534
Available-for-sale Securities, Fair Value
Loaned securities		16,332		66,442
Fixed-maturity investments available for sale, Total, Fair Value		5,070,091		4,688,911
Non asset-backed securities
Available-for-sale Securities, Amortized Cost
Due in one year or less	[1]	92,098
Due after one year through five years	[1]	871,081
Due after five years through ten years	[1]	1,134,440
Due after ten years	[1]	595,111
Available-for-sale Securities, Fair Value
Due in one year or less	[1]	92,628
Due after one year through five years	[1]	915,497
Due after five years through ten years	[1]	1,234,602
Due after ten years	[1]	669,348
Asset-backed and other Mortgage Backed securities
Available-for-sale Securities, Amortized Cost
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Amortized Cost	[2]	2,113,718
Available-for-sale Securities, Fair Value
Fixed-maturity investments available for sale, Maturity, without Single Maturity Date, Fair Value	[2]	2,160,135
Total fixed-maturities available for sale
Available-for-sale Securities, Amortized Cost
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities		4,806,448
Available-for-sale Securities, Fair Value
Available-for-sale Securities, Debt Securities, Including Loaned Securities		5,072,210
Securities Financing Transaction, Fair Value | Corporate bonds and notes | Fair Value, Measurements, Recurring
Available-for-sale Securities, Amortized Cost
Securities Loaned, Asset, Amortized Cost Basis		1,995		23,853
Available-for-sale Securities, Fair Value
Loaned securities		2,119	[3]	3,669	[4]
Fixed-maturities available for sale | Total fixed-maturities available for sale
Available-for-sale Securities, Amortized Cost
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities		4,806,448		4,573,387
Fixed-maturities available for sale—at amortized cost		4,804,453		4,549,534
Available-for-sale Securities, Fair Value
Available-for-sale Securities, Debt Securities, Including Loaned Securities		5,072,210		4,712,924
Fixed-maturity investments available for sale, Total, Fair Value		5,070,091		4,688,911
Fixed-maturities available for sale | Corporate bonds and notes
Available-for-sale Securities, Amortized Cost
Available-for-sale Debt Securities, Amortized Cost Basis, Including Loaned Securities		2,455,572		2,136,819
Available-for-sale Securities, Fair Value
Available-for-sale Securities, Debt Securities, Including Loaned Securities		$ 2,650,575		2,241,280
Fixed-maturities available for sale | Securities Financing Transaction, Fair Value | Corporate bonds and notes
Available-for-sale Securities, Fair Value
Loaned securities				$ 24,013
[1]	Actual maturities may differ as a result of calls before scheduled maturity.
[2]	Includes RMBS, CMBS and Other ABS, which are not due at a single maturity date.
[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.

Note 5 - Investments Other (Det

Note 5 - Investments Other (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Fixed-maturities available for sale | Debt securities
Assets Held by Insurance Regulators	$ 17.1	$ 16.8

Note 6 - Goodwill and Other A_3

Note 6 - Goodwill and Other Acquired Intangible Assets, Net Schedule of Goodwill (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill, Dispositions	[1]	$ (191,297)
Accumulated Amortization, Goodwill, Dispositions	[1]	191,297
Goodwill, Dispositions, Net	[1]	0
Real Estate segment
Goodwill [Roll Forward]
Goodwill, Gross, Beginning of Period		201,099	$ 200,561
Goodwill, Acquired During Period			538
Goodwill, Gross, End of Period		9,802	201,099
Goodwill, Impaired, Accumulated Impairment Loss, Beginning of Period		(191,297)	(186,469)
Goodwill, Impairment Loss			(4,828)
Goodwill, Impaired, Accumulated Impairment Loss, End of Period		0	(191,297)
Goodwill, Net		$ 9,802	$ 9,802	$ 14,092
[1]	Related to the sale of Clayton in January 2020. See Note 7 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information on the sale of Clayton.

Note 6 - Goodwill and Other A_4

Note 6 - Goodwill and Other Acquired Intangible Assets, Net Schedule of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill and Intangible Asset Impairment	$ 0
Real Estate segment
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount		$ 52,778	$ 52,928
Other Intangible Assets, Accumulated Amortization and Impairment		(36,351)	(34,543)
Other Intangible Assets, Net Carrying Amount		16,427	18,385
Real Estate segment | Client relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount		43,550	43,550
Other Intangible Assets, Accumulated Amortization and Impairment		(28,921)	(27,269)
Other Intangible Assets, Net Carrying Amount		14,629	16,281
Real Estate segment | Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount		8,285	8,435
Other Intangible Assets, Accumulated Amortization and Impairment		(6,884)	(6,789)
Other Intangible Assets, Net Carrying Amount		1,401	1,646
Real Estate segment | Trade name and trademarks
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount		480	480
Other Intangible Assets, Accumulated Amortization and Impairment		(442)	(404)
Other Intangible Assets, Net Carrying Amount		38	76
Real Estate segment | Licenses
Acquired Finite-Lived Intangible Assets [Line Items]
Other Intangible Assets, Original Acquired Amount		463	463
Other Intangible Assets, Accumulated Amortization and Impairment		(104)	(81)
Other Intangible Assets, Net Carrying Amount		$ 359	$ 382

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, 2020	Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Premiums Written, Net [Abstract]
Direct Premiums Written		$ 271,545	$ 279,991		$ 551,027	$ 541,022
Assumed Premiums Written	[1]	3,192	2,475		6,643	4,920
Ceded Premiums Written	[2]	(43,580)	(14,289)		(63,123)	(24,445)
Net premiums written—insurance		231,157	268,177		494,547	521,497
Premiums Earned, Net [Abstract]
Direct Premiums Earned		315,305	333,791	[3]	616,559	614,014	[3]
Assumed Premiums Earned	[1]	3,197	2,481		6,653	4,931
Ceded Premiums Earned	[2]	(69,207)	(37,106)	[3]	(96,502)	(56,267)	[3]
Net premiums earned—insurance		249,295	299,166	[3]	526,710	562,678	[3]
Ceded Credit Risk [Line Items]
Ceding Commissions Earned	[4]	13,453	16,353	[3]	23,419	25,038	[3]
Ceded losses		39,635	1,868		41,597	3,555
Unearned Ceding Commissions		$ 66,500	$ 80,800		$ 66,500	$ 80,800
[1]	Includes premiums earned from our participation in certain credit risk transfer programs.
[2]	Net of profit commission, which is impacted by the level of ceded losses recoverable, if any, on reinsurance transactions. See Note 10 for additional information on our reserve for losses and reinsurance recoverables.
[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.
[4]	Deferred ceding commissions of $66.5 million and $80.8 million are included in other liabilities on our condensed consolidated balance sheets at June 30, 2020 and 2019, respectively.

Note 7 - Reinsurance Single Pre

Note 7 - Reinsurance Single Premium QSR Program (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended			36 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019	Dec. 31, 2017	Dec. 31, 2014	Dec. 31, 2019
Ceded Premiums Written	[1]	$ 43,580	$ 14,289	$ 63,123		$ 24,445
2016 Single Premium QSR | Radian Guaranty
Ceded Insurance Commission Percentage				25.00%
2016 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Concentration Risk, Percentage							35.00%
Risk In Force		4,533,000		$ 4,533,000					$ 5,351,000
2018 Single Premium QSR | Radian Guaranty
Ceded Insurance Commission Percentage				25.00%
2018 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Concentration Risk, Percentage				65.00%
Risk In Force		2,711,000		$ 2,711,000					3,231,000
2020 Single Premium QSR | Radian Guaranty
Ceded Premiums Written				$ 250,000
Ceded Insurance Commission Percentage				25.00%
2020 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Concentration Risk, Percentage				65.00%
Risk In Force		$ 929,000		$ 929,000					$ 0
Minimum | 2016 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Concentration Risk, Percentage	[2]			20.00%
Maximum | 2016 Single Premium QSR | Radian Guaranty
Loss Ratio				55.00%
Maximum | 2016 Single Premium QSR | Radian Guaranty | Reinsurer Concentration Risk
Concentration Risk, Percentage				65.00%	[2]			35.00%
Maximum | 2018 Single Premium QSR | Radian Guaranty
Loss Ratio				56.00%
Maximum | 2020 Single Premium QSR | Radian Guaranty
Loss Ratio				56.00%
[1]	Net of profit commission, which is impacted by the level of ceded losses recoverable, if any, on reinsurance transactions. See Note 10 for additional information on our reserve for losses and reinsurance recoverables.
[2]	Effective December 31, 2017, we amended the 2016 Single Premium QSR Agreement to increase the amount of ceded risk on performing loans under the agreement from 35% to 65% for the 2015 through 2017 vintages. Loans included in the 2012 through 2014 vintages, and any other loans subject to the agreement that were delinquent at the time of the amendment, were unaffected by the change and therefore the amount of ceded risk for those loans continues to range from 20% to 35%.

Note 7 - Reinsurance Excess-of-

Note 7 - Reinsurance Excess-of-Loss Program (Details) $ in Thousands		1 Months Ended			6 Months Ended
		Feb. 29, 2020USD ($)	Apr. 30, 2019USD ($)	Nov. 30, 2018USD ($)	Jun. 30, 2020USD ($)arrangements	Dec. 31, 2019USD ($)
Mortgage segment
Risk In Force					$ 60,300,000
Radian Guaranty | Mortgage segment
Reinsurance Retention Policy, Term of Coverage, Period					10 years
Excess-of-Loss Program | Radian Guaranty | Mortgage segment
VIE, Non-consolidated, Carrying Amount, Assets	[1]				$ 1,148,705	$ 865,454
VIE, Non-consolidated, Carrying Amount, Liabilities					1,148,705	865,454
Excess-of-Loss Program | Radian Guaranty | Mortgage segment | Eagle Re 2020-1 (Primary)
VIE, Non-consolidated, Carrying Amount, Assets	[1]				488,385	0
VIE, Non-consolidated, Carrying Amount, Liabilities					488,385	0
Excess-of-Loss Program | Radian Guaranty | Mortgage segment | Eagle Re 2019-1 (Primary)
VIE, Non-consolidated, Carrying Amount, Assets	[1]				384,602	508,449
VIE, Non-consolidated, Carrying Amount, Liabilities					384,602	508,449
Excess-of-Loss Program | Radian Guaranty | Mortgage segment | Eagle Re 2018-1 (Primary)
VIE, Non-consolidated, Carrying Amount, Assets	[1]				275,718	357,005
VIE, Non-consolidated, Carrying Amount, Liabilities					$ 275,718	$ 357,005
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk
Number of Fully Collateralized Reinsurance Arrangements with the Eagle Re Issuers | arrangements					3
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Eagle Re 2020-1 (Primary)
Risk In Force		$ 9,866,000			$ 8,152,000
Reinsurance Retention Policy, Excess Retention, Amount Reinsured		488,000			488,000
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Eagle Re 2020-1 (Primary) | XOL First Layer
Reinsurance Retention Policy, Amount Retained		$ 202,000			202,000
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Eagle Re 2019-1 (Primary)
Risk In Force			$ 10,705,000		6,473,000
Reinsurance Retention Policy, Excess Retention, Amount Reinsured			562,000		385,000
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Eagle Re 2019-1 (Primary) | XOL First Layer
Reinsurance Retention Policy, Amount Retained			$ 268,000		267,000
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Eagle Re 2018-1 (Primary)
Risk In Force				$ 9,109,000	5,598,000
Reinsurance Retention Policy, Excess Retention, Amount Reinsured	[2]			434,000	276,000
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Eagle Re 2018-1 (Primary) | XOL First Layer
Reinsurance Retention Policy, Amount Retained				205,000	$ 202,000
Excess-of-Loss Program | Radian Guaranty | Reinsurer Concentration Risk | Mortgage segment | Separate Third-Party Reinsurer
Reinsurance Retention Policy, Excess Retention, Amount Reinsured				$ 21,400
[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]	Excludes a separate excess-of-loss reinsurance agreement entered into by Radian Guaranty that initially provided up to $21.4 million of coverage.

Note 7 - Reinsurance Other Coll

Note 7 - Reinsurance Other Collateral (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Funds Held Under Reinsurance Agreements, Off-Balance Sheet, Asset	$ 243.2	$ 203.2

Note 8 - Other Assets Component

Note 8 - Other Assets Components of Other Assets (Details) - USD ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019
Other Assets [Abstract]
Prepaid federal income taxes (Note 9)		$ 191,889		$ 134,800
Company-owned life insurance		110,076		105,721
Internal-use software (net of accumulated amortization of $77,344 and $73,498)		61,639		58,356
Accumulated amortization		77,344		73,498
Loaned securities (Note 5)		16,332		66,442
Right-of-use assets		33,851	[1]	37,866
Accrued investment income		34,179		32,333
Property and equipment (net of accumulated depreciation of $68,681 and $68,436)		27,504		29,523
Accumulated depreciation		68,681		68,436
Deferred policy acquisition costs		21,774		20,759
Reinsurance recoverables		56,852		16,976
Unbilled receivables		3,091		13,772
Assets held for sale	[2]	0		24,908
Other Assets, Miscellaneous		28,679		26,163
Other Assets		$ 585,866		$ 567,619
[1]	Classified in other assets in our condensed consolidated balance sheets. See Note 8.
[2]	Related to the sale of Clayton. See Note 4 and 7 of Notes to Consolidated Financial Statements in our 2019 Form 10-K for additional information on assets held for sale. Liabilities held for sale at December 31, 2019 are included in other liabilities on our condensed consolidated balance sheets.

Note 9 - Income Taxes Income Ta

Note 9 - Income Taxes Income Tax (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Operating Loss Carryforwards [Line Items]
Deferred Tax Liabilities, Net	$ 126.9	$ 71.1
US Treasury Securities
Operating Loss Carryforwards [Line Items]
Debt Securities	191.9	134.8
Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Income Taxes Payable, Federal, Current	32.6	$ 39.1
State and Local NOL Carryforwards
Operating Loss Carryforwards [Line Items]
Valuation Allowance, Amount	$ 68.5

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, 2020		Jun. 30, 2019
Loss reserve [Roll Forward]
Balance at beginning of period		$ 404,765
Deduct paid claims and LAE related to [Abstract]
Balance at end of period		738,885
Mortgage segment
Loss reserve [Roll Forward]
Balance at beginning of period		401,273	[1]	$ 397,891
Less: Reinsurance recoverables	[2]	14,594		11,009
Balance at beginning of period, net of reinsurance recoverables		386,679		386,882
Add losses and LAE incurred in respect of default notices reported and unreported in [Abstract]
Incurred Losses and LAE Current year	[3]	356,555		73,494
Incurred Losses and LAE Prior years		(17,223)		(5,617)
Total incurred losses and LAE		339,332		67,877
Deduct paid claims and LAE related to [Abstract]
Paid Losses and LAE Current year	[3]	1,594		507
Paid losses and LAE Prior years		44,580		66,510
Total paid losses and LAE		46,174		67,017
Balance at end of period, net of reinsurance recoverables		679,837		387,742
Add: Reinsurance recoverables	[2]	55,154		13,552
Balance at end of period		$ 734,991	[1]	$ 401,294
[1]	Primarily comprises first lien primary case reserves of $660.1 million and $339.8 million at June 30, 2020 and December 31, 2019, respectively.
[2]	Related to ceded losses recoverable, if any, on reinsurance transactions. See Note 7 for additional information.
[3]	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)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Primary Mortgage Product | Mortgage segment
Default To Claim Rate Estimate, Gross, For New Defaults	8.50%	7.50%	8.00%

Note 11 - Borrowings and Fina_3

Note 11 - Borrowings and Financing Activities - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	May 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Advances from Federal Home Loan Banks	$ 175,122		$ 134,875
Senior Notes
Debt Instrument [Line Items]
Senior Notes	1,403,857		887,110
Senior Notes | Senior Notes Due 2024
Debt Instrument [Line Items]
Senior Notes	444,972		444,445
Senior Notes | Senior Notes Due 2025
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.625%
Senior Notes	515,794		0
Senior Notes | Senior Notes Due 2027
Debt Instrument [Line Items]
Senior Notes	443,091		442,665
FHLB Advances
Debt Instrument [Line Items]
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	86,264
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	30,000		79,002
Long-term Debt, Maturities, Repayments of Principal in Year Two	16,925		19,000
Long-term Debt, Maturities, Repayments of Principal in Year Three	21,995		11,925
Long-term Debt, Maturities, Repayments of Principal in Year Four	9,954		14,994
Long-term Debt, Maturities, Repayments of Principal in Year Five	9,984		9,954
Long-term Debt, Maturities, Repayments of Principal after Year Five			0
Advances from Federal Home Loan Banks	$ 175,122		$ 134,875

Note 11 - Borrowings and Fina_4

Note 11 - Borrowings and Financing Activities - Senior Notes due 2025 (Details) - Senior Notes - Senior Notes Due 2025 - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	May 31, 2020	Jun. 30, 2020
Debt Instrument, Face Amount	$ 525,000
Proceeds from Issuance of Long-term Debt	$ 515,600
Debt Instrument, Interest Rate, Stated Percentage	6.625%
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	80.00%

Note 11 - Borrowings and Fina_5

Note 11 - Borrowings and Financing Activities - FHLB Advances (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
FHLB advances	$ 175,122	$ 134,875
Federal Home Loan Bank, Advances, Maturity Period, Fixed Rate	90 days
FHLB Advances
FHLB advances	$ 175,122	134,875
Federal Home Loan Bank, Advances, Weighted Average Interest Rate	1.19%
Minimum | FHLB Advances
Federal Home Loan Bank, Ratio of Market Value of Collateral to Advances	1.03
Maximum | FHLB Advances
Federal Home Loan Bank, Ratio of Market Value of Collateral to Advances	1.05
Fixed-maturities available for sale | Debt securities
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 195,000	$ 143,100

Note 11 - Borrowings and Fina_6

Note 11 - Borrowings and Financing Activities - Revolving Credit Facility (Details) - Revolving Credit Facility $ in Millions	Jun. 30, 2020USD ($)
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)	6 Months Ended
	Jun. 30, 2020matter	Sep. 23, 2019Certificates	Aug. 31, 2018Certificates	Apr. 12, 2018Certificates	Jun. 05, 2017Certificates	Dec. 17, 2016Certificates
Unasserted Claim | Minimum
Loss Contingencies [Line Items]
Minimum Number of Pending or Threatened Matters That Could Affect Our Results | matter	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		1,704	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 ($) $ in Thousands		Jun. 30, 2020		Dec. 31, 2019
Operating Lease, Right-of-Use Asset		$ 33,851	[1]	$ 37,866
Operating lease liabilities	[2]	$ 54,785
Weighted-average remaining lease term - operating leases (in years)		9 years 7 months 6 days
Weighted-average discount rate - operating leases		6.82%
[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.

Note 13 - Capital Stock - Share

Note 13 - Capital Stock - Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2020	Feb. 13, 2020	Aug. 14, 2019
3Q19 Repurchase Program
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount			$ 200
1Q20 Repurchase Program
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 275
Total of 3Q19 and 1Q20 Repurchase Programs
Capital Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 475
Stock Repurchased During Period, Shares	11,036,248
Accelerated Share Repurchases, Final Price Paid Per Share	$ 20.51
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 198.9

Note 13 - Capital Stock - Divid

Note 13 - Capital Stock - Dividends Paid (Details) - $ / shares	Feb. 13, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Equity [Abstract]
Common Stock, Dividends, Per Share, Declared		$ 0.125	$ 0.125	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025
Common Stock, Dividends, Per Share, Announced	$ 0.125

Note 13 - Capital Stock - Sha_2

Note 13 - Capital Stock - Share-based Compensation (Details)		6 Months Ended
		Jun. 30, 2020anniversary$ / sharesshares	Dec. 31, 2019$ / sharesshares
Performance Based RSUs Equity Settled
Number of Shares, Unvested | shares	[1]	2,224,408	2,448,347
Number of Shares, Granted | shares	[2]	1,175,062
Number of Shares, Performance adjustment | shares	[3]	(792,420)
Number of Shares, Vested in Period | shares	[4]	(591,118)
Number of Shares, Forfeited | shares		(15,463)
Weighted Average Grant Date Fair Value, Unvested | $ / shares	[1]	$ 14.44	$ 17.03
Weighted Average Grant Date Fair Value, Granted | $ / shares	[2]	12.02
Weighted Average Grant Date Fair Value, Performance Adjustment | $ / shares	[3]	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	[4]	17.59
Weighted Average Grant Date Fair Value, Forfeited | $ / shares		$ 20
Performance Based RSUs Equity Settled | 2020 Award Year
Performance Period, Performance-based RSUs		3 years
Performance Based RSUs Equity Settled | 2020 Award Year | Maximum
Payout Percentage of Target Award		200.00%
Performance Based RSUs Equity Settled | 2020 Award Year | Minimum
Payout Percentage of Target Award		0.00%
Time Vested RSUs Equity Settled
Number of Shares, Unvested | shares	[1]	957,913	697,576
Number of Shares, Granted | shares	[2]	659,914
Number of Shares, Performance adjustment | shares	[3]	0
Number of Shares, Vested in Period | shares	[4]	(395,093)
Number of Shares, Forfeited | shares		(4,484)
Weighted Average Grant Date Fair Value, Unvested | $ / shares	[1]	$ 16.48	$ 19.72
Weighted Average Grant Date Fair Value, Granted | $ / shares	[2]	13.69
Weighted Average Grant Date Fair Value, Performance Adjustment | $ / shares	[3]	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	[4]	17.45
Weighted Average Grant Date Fair Value, Forfeited | $ / shares		$ 22.87
Time Vested RSUs Equity Settled | 2020 Award Year
Number of Anniversaries of the Grant Date | anniversary		3
Time Vested RSUs Equity Settled | 2020 Award Year | Minimum
Cliff-Vesting Period		1 year
[1]	The final number of RSUs distributed depends on the level of performance achieved along with each employee’s continued service through the vest date, which could result in changes in vested RSUs.
[2]	For performance-based RSUs, amount represents the probable outcome at grant date.
[3]	Represents an adjustment to the number of unvested performance-based RSUs due to changes during the period in our estimated payouts, which can range from 0 to 200% of target depending on results over the applicable performance periods.
[4]	Represents amounts vested during the year, which can include both original shares granted and the impact of performance adjustments.

Note 15 - Statutory Informati_3

Note 15 - Statutory Information - Statutory Information (Details) - USD ($) $ in Thousands	1 Months Ended
	Jan. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Statutory Accounting Practices [Line Items]
PMIERS Disaster Related Capital Charge		30.00%
Reduction in Capital Charges		70.00%
Radian Guaranty
Statutory Accounting Practices [Line Items]
Surplus Note	$ 200,000	$ 300,000	$ 100,000
Related Party Transaction, Rate	3.00%
Surplus Note, Notice of Redemption Period	30 days
Radian Reinsurance
Statutory Accounting Practices [Line Items]
Risk In Force	$ 6,000,000
Return of capital	465,000
Radian Group Inc.
Statutory Accounting Practices [Line Items]
Marketable Securities	$ 200,000
Consolidated insurance subsidiaries
Statutory Accounting Practices [Line Items]
Restricted Net Assets Held by Consolidated Subsidiaries		$ 3,800,000

Note 15 - Statutory Informati_4

Note 15 - Statutory Information - Risk To Capital Calculation (Details) - Radian Guaranty $ in Thousands		6 Months Ended
		Jun. 30, 2020USD ($)	Jan. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Risk to Capital Line Items [Line Items]
RIF, net	[1]	$ 46,879,100		$ 44,076,700
Common stock and paid-in capital		1,041,000		1,041,000
Surplus Note		300,000	$ 200,000	100,000
Unassigned earnings (deficit)		(861,300)		(503,300)
Statutory policyholders’ surplus		479,700		637,700
Contingency reserve		3,051,100		2,607,800
Statutory capital		$ 3,530,800		$ 3,245,500
Risk-to-capital		13.3		13.6
Increase (decrease) in Statutory Capital and Surplus		$ 285,300
Statutory Net Income (Loss)		103,200
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments		$ 0
[1]	Excludes risk ceded through all reinsurance programs (including with affiliates, if any) and RIF on defaulted loans.