XML 77 R53.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 3 - Segment Reporting Schedule of Segment Reporting Information by Segment (Details) (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Segment Reporting Information [Line Items]      
Net premiums written—insurance $ 940,817,000 $ 686,630,000 $ 707,247,000
Net premiums earned-insurance 830,894,000 738,982,000 756,025,000
Net investment income 108,088,000 114,337,000 163,520,000
Net (losses) gains on investments (149,720,000) 184,888,000 202,177,000
Net impairment losses recognized in earnings (3,000) (3,000) (1,202,000)
Change in fair value of derivative instruments (31,771,000) (144,025,000) 628,395,000
Net (losses) gains on other financial instruments (4,736,000) (82,269,000) 193,329,000
Gain on sale of affiliate 0 7,708,000 0
Other income 6,235,000 5,790,000 5,599,000
Total revenues 758,987,000 825,408,000 1,947,843,000
Provision for losses 567,134,000 959,171,000 1,296,521,000
Change in PDR (1,901,000) 41,000 (7,092,000)
Policy acquisition costs 41,664,000 61,876,000 52,763,000
Other operating expenses 284,528,000 196,672,000 175,810,000
Interest expense 74,618,000 51,832,000 61,394,000
Total expenses 966,043,000 1,269,592,000 1,579,396,000
Equity in net income (loss) of affiliates 1,000 (13,000) 65,000
(Loss) income before income taxes (207,055,000) (444,197,000) 368,512,000
Net (loss) income (196,985,000) (451,468,000) 302,150,000
Cash and investments 4,977,542,000 5,208,199,000 5,846,168,000
Deferred policy acquisition costs 66,926,000 88,202,000 139,906,000
Total assets 5,621,691,000 5,903,200,000 6,656,765,000
Unearned premiums 768,871,000 648,682,000 637,372,000
Reserve for losses and LAE 2,185,421,000 3,149,936,000 3,310,902,000
VIE debt - at fair value 94,645,000 108,858,000 228,240,000
Derivative liabilities 307,185,000 266,873,000 126,006,000
New Insurance Written         
Mortgage Insurance Segment
     
Segment Reporting Information [Line Items]      
Net premiums written—insurance 950,998,000 806,305,000 717,264,000
Net premiums earned-insurance 781,420,000 702,385,000 680,895,000
Net investment income 61,615,000 63,191,000 93,678,000
Net (losses) gains on investments (93,821,000) 103,666,000 126,205,000
Net impairment losses recognized in earnings 0 0 (1,202,000)
Change in fair value of derivative instruments 635,000 (330,000) (632,000)
Net (losses) gains on other financial instruments (2,840,000) (3,491,000) 3,864,000
Gain on sale of affiliate   0  
Other income 6,024,000 5,516,000 5,369,000
Total revenues 753,033,000 870,937,000 908,177,000
Provision for losses 564,648,000 921,507,000 1,293,857,000
Change in PDR (1,901,000) 41,000 (7,092,000)
Policy acquisition costs 28,485,000 34,131,000 36,051,000
Other operating expenses 236,959,000 152,448,000 132,225,000
Interest expense 17,995,000 7,454,000 13,894,000
Total expenses 846,186,000 1,115,581,000 1,468,935,000
Equity in net income (loss) of affiliates 0 0 0
(Loss) income before income taxes (93,153,000) (244,644,000) (560,758,000)
Cash and investments 2,683,467,000 3,118,153,000 3,210,279,000
Deferred policy acquisition costs 29,741,000 38,478,000 52,094,000
Total assets 3,120,904,000 3,575,427,000 3,470,103,000
Unearned premiums 567,072,000 382,413,000 233,446,000
Liability for Claims and Claims Adjustment Expense, Property Casualty Liability 2,164,353,000 3,083,608,000 3,247,900,000
VIE debt - at fair value 2,845,000 9,875,000 9,450,000
Derivative liabilities 0 0 0
New Insurance Written 47,255,000,000 37,061,000,000 15,510,000,000
Concentration Risk, Percentage 10.00% 10.00%  
Primary New Insurance Written Major Customer for Segment Reporting Percentage 5.80% 6.20% 10.10%
Entity Wide Revenue, Major Customer, Number of Customers 1 2  
Mortgage Insurance Segment | Geographic Concentration Risk [Member] | State Of California [Member]
     
Segment Reporting Information [Line Items]      
Direct Primary New Insurance Written by Geographic Area Percent 18.40% 17.10% 15.30%
Mortgage Insurance Segment | Primary Risk In Force [Member] | Geographic Concentration Risk [Member] | State Of California [Member]
     
Segment Reporting Information [Line Items]      
Concentration Risk, Percentage 13.70% 12.80%  
Mortgage Insurance Segment | Pool Risk in Force [Member] | Geographic Concentration Risk [Member] | State Of California [Member]
     
Segment Reporting Information [Line Items]      
Concentration Risk, Percentage 10.00% 10.40%  
Financial Guaranty Segment
     
Segment Reporting Information [Line Items]      
Net premiums written—insurance (10,181,000) (119,675,000) (10,017,000)
Net premiums earned-insurance 49,474,000 36,597,000 75,130,000
Net investment income 46,473,000 51,146,000 69,842,000
Net (losses) gains on investments (55,899,000) 81,222,000 75,972,000
Net impairment losses recognized in earnings (3,000) (3,000) 0
Change in fair value of derivative instruments (32,406,000) (143,695,000) 629,027,000
Net (losses) gains on other financial instruments (1,896,000) (78,778,000) 189,465,000
Gain on sale of affiliate   7,708,000  
Other income 211,000 274,000 230,000
Total revenues 5,954,000 (45,529,000) 1,039,666,000
Provision for losses 2,486,000 37,664,000 2,664,000
Change in PDR 0 0 0
Policy acquisition costs 13,179,000 27,745,000 16,712,000
Other operating expenses 47,569,000 44,224,000 43,585,000
Interest expense 56,623,000 44,378,000 47,500,000
Total expenses 119,857,000 154,011,000 110,461,000
Equity in net income (loss) of affiliates 1,000 (13,000) 65,000
(Loss) income before income taxes (113,902,000) (199,553,000) 929,270,000
Cash and investments 2,294,075,000 2,090,046,000 2,635,889,000
Deferred policy acquisition costs 37,185,000 49,724,000 87,812,000
Total assets 2,500,787,000 2,327,773,000 3,186,662,000
Unearned premiums 201,799,000 266,269,000 403,926,000
Liability for Claims and Claims Adjustment Expense, Financial Guarantee Insurance Contracts 21,068,000 66,328,000 63,002,000
VIE debt - at fair value 91,800,000 98,983,000 218,790,000
Derivative liabilities $ 307,185,000 $ 266,873,000 $ 126,006,000
Minimum [Member] | Mortgage Insurance Segment | Primary Risk In Force [Member] | Geographic Concentration Risk [Member] | State Of California [Member]
     
Segment Reporting Information [Line Items]      
Concentration Risk, Percentage 10.00%