Note 3 - Segment Reporting Level 3 (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Summarized financial information concerning our current and previous operating segments, as of and for the periods indicated, is as follows:

	December 31, 2012
(In thousands)	Mortgage Insurance			Financial Guaranty			Consolidated
Net premiums written—insurance	$	806,305		$	(119,675	)	$	686,630
Net premiums earned—insurance	$	702,385		$	36,597		$	738,982
Net investment income	63,191			51,146			114,337
Net gains on investments	103,666			81,222			184,888
Net impairment losses recognized in earnings	—			(3		)	(3		)
Change in fair value of derivative instruments	(330		)	(143,695		)	(144,025		)
Net losses on other financial instruments	(3,491		)	(78,778		)	(82,269		)
Gain on sale of affiliate	—			7,708			7,708
Other income	5,516			274			5,790
Total revenues	870,937			(45,529		)	825,408
Provision for losses	921,507			37,664			959,171
Change in PDR	41			—			41
Policy acquisition costs	34,131			27,745			61,876
Other operating expenses	152,448			44,224			196,672
Interest expense	7,454			44,378			51,832
Total expenses	1,115,581			154,011			1,269,592
Equity in net loss of affiliates	—			(13		)	(13		)
Pretax loss	(244,644		)	(199,553		)	(444,197		)
Income tax (benefit) provision	(30,045		)	37,316			7,271
Net loss	$	(214,599	)	$	(236,869	)	$	(451,468	)
Cash and investments	$	3,118,153		$	2,090,046		$	5,208,199
Deferred policy acquisition costs	38,478			49,724			88,202
Total assets	3,575,427			2,327,773			5,903,200
Unearned premiums	382,413			266,269			648,682
Reserve for losses and LAE	3,083,608			66,328			3,149,936
VIE debt	9,875			98,983			108,858
Derivative liabilities	—			266,873			266,873
NIW (in millions)	$	37,061

	December 31, 2011
(In thousands)	Mortgage Insurance			Financial Guaranty			Consolidated
Net premiums written—insurance	$	717,264		$	(10,017	)	$	707,247
Net premiums earned—insurance	$	680,895		$	75,130		$	756,025
Net investment income	93,678			69,842			163,520
Net gains on investments	126,205			75,972			202,177
Net impairment losses recognized in earnings	(1,202		)	—			(1,202		)
Change in fair value of derivative instruments	(632		)	629,027			628,395
Net gains on other financial instruments	3,864			189,465			193,329
Other income	5,369			230			5,599
Total revenues	908,177			1,039,666			1,947,843
Provision for losses	1,293,857			2,664			1,296,521
Change in PDR	(7,092		)	—			(7,092		)
Policy acquisition costs	36,051			16,712			52,763
Other operating expenses	132,225			43,585			175,810
Interest expense	13,894			47,500			61,394
Total expenses	1,468,935			110,461			1,579,396
Equity in net income of affiliates	—			65			65
Pretax (loss) income	(560,758		)	929,270			368,512
Income tax provision (benefit)	83,157			(16,795		)	66,362
Net (loss) income	$	(643,915	)	$	(946,065	)	$	302,150
Cash and investments	$	3,210,279		$	2,635,889		$	5,846,168
Deferred policy acquisition costs	52,094			87,812			139,906
Total assets	3,470,103			3,186,662			6,656,765
Unearned premiums	233,446			403,926			637,372
Reserve for losses and LAE	3,247,900			63,002			3,310,902
VIE debt	9,450			218,790			228,240
Derivative liabilities	—			126,006			126,006
NIW (in millions)	$	15,510

	December 31, 2010
(In thousands)	Mortgage Insurance			Financial Guaranty			Financial Services		Consolidated
Net premiums written—insurance	$	699,909		$	(8,028	)	$	—	$	691,881
Net premiums earned—insurance	$	739,631		$	86,102		$	—	$	825,733
Net investment income	104,030			74,730			—		178,760
Net gains on investments	84,004			55,940			—		139,944
Net impairment losses recognized in earnings	(90		)	—			—		(90		)
Change in fair value of derivative instruments	32,381			(591,093		)	—		(558,712		)
Net losses on other financial instruments	(48,137		)	(163,544		)	—		(211,681		)
Gain on sale of affiliate	—			—			34,815		34,815
Other income	7,208			364			1,124		8,696
Total revenues	919,027			(537,501		)	35,939		417,465
Provision for losses	1,730,801			8,443			—		1,739,244
Change in PDR	(14,621		)	—			—		(14,621		)
Policy acquisition costs	36,102			17,367			—		53,469
Other operating expenses	141,172			50,520			250		191,942
Interest expense	11,668			30,109			—		41,777
Total expenses	1,905,122			106,439			250		2,011,811
Equity in net income of affiliates	—			78			14,590		14,668
Pretax (loss) income	(986,095		)	(643,862		)	50,279		(1,579,678		)
Income tax provision	157,082			51,509			17,598		226,189
Net (loss) income	$	(1,143,177	)	$	(695,371	)	$	32,681	$	(1,805,867	)
Cash and investments	$	4,037,578		$	2,643,052		$	—	$	6,680,630
Deferred policy acquisition costs	41,939			106,387			—		148,326
Total assets	4,801,953			2,818,934			—		7,620,887
Unearned premiums	197,260			489,104			—		686,364
Reserve for losses and LAE	3,524,971			71,764			—		3,596,735
VIE debt	141,006			379,108			—		520,114
Derivative liabilities	—			723,579			—		723,579
NIW (in millions)	$	11,558