| Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Summarized financial information concerning our operating segments, as of and for the periods indicated, is as follows: | | | | | | | | | | | | | | | December 31, 2014 | | (In thousands) | Mortgage Insurance | | MRES (1) | | Total | | Net premiums written—insurance | $ | 925,181 |
| | $ | — |
| | $ | 925,181 |
| | Increase in unearned premiums | (80,653 | ) | | — |
| | (80,653 | ) | | Net premiums earned—insurance | 844,528 |
| | — |
| | 844,528 |
| | Services revenue (2) | — |
| | 76,709 |
| | 76,709 |
| | Net investment income (3) | 65,655 |
| | — |
| | 65,655 |
| | Other income (3) | 5,321 |
| | 1,265 |
| | 6,586 |
| | Total | 915,504 |
| | 77,974 |
| | 993,478 |
| (4) | | | | | | | | Provision for losses (5) | 246,865 |
| | — |
| | 246,865 |
| | Estimated present value of net credit recoveries incurred | 113 |
| | — |
| | 113 |
| | Policy acquisition costs | 24,446 |
| | — |
| | 24,446 |
| | Direct cost of services | — |
| | 43,605 |
| | 43,605 |
| | Other operating expenses (3) (6) | 225,544 |
| | 20,059 |
| | 245,603 |
| | Interest expense (3) | 81,600 |
| | 8,864 |
| | 90,464 |
| | Total | 578,568 |
| | 72,528 |
| | 651,096 |
| | | | | | | | | Adjusted pretax operating income | $ | 336,936 |
| | $ | 5,446 |
| | $ | 342,382 |
| | | | | | | | | Cash and investments | $ | 3,649,582 |
| | $ | 10,182 |
| | $ | 3,659,764 |
| | Restricted cash | 11,508 |
| | 2,523 |
| | 14,031 |
| | Deferred policy acquisition costs | 12,003 |
| | — |
| | 12,003 |
| | Goodwill | — |
| | 191,932 |
| | 191,932 |
| | Other intangible assets, net | 137 |
| | 96,171 |
| | 96,308 |
| | Assets held for sale (7) | — |
| | — |
| | 1,736,444 |
| | Total assets | 4,786,641 |
| | 336,878 |
| | 6,859,963 |
| | Unearned premiums | 644,504 |
| | — |
| | 644,504 |
| | Reserve for losses and LAE | 1,560,032 |
| | — |
| | 1,560,032 |
| | | | | | | | | NIW (in millions) | $ | 37,349 |
| | | | | |
________________ | | (1) | Includes the acquisition of Clayton, effective June 30, 2014. |
| | (2) | Includes a de minimis amount of inter-segment revenues in the MRES segment. |
| | (3) | Includes corporate income and expenses that have been reallocated to the mortgage insurance segment that were previously allocated to the financial guaranty segment, but were not reclassified to discontinued operations. These items include net investment income of $4.8 million, other income of $0.3 million, interest expense of $53.3 million and corporate overhead expenses of $13.5 million for the year ended December 31, 2014. |
| | (4) | Excludes the following revenue items not included in adjusted pretax operating income: (a) net gains on investments of $83.9 million; and (b) net losses on other financial instruments of $3.9 million. Includes inter-segment revenues of $0.8 million in the MRES segment. |
| | (5) | Includes inter-segment expenses of $0.8 million in the mortgage insurance segment. |
| | (6) | Excludes $6.7 million of acquisition-related expenses not included in segment other operating expenses. |
| | (7) | Assets held for sale are not part of the mortgage insurance or MRES segments. |
| | | | | | | | | | Mortgage Insurance | | December 31, | (In thousands) | 2013 | | 2012 | Net premiums written—insurance | $ | 950,998 |
| | $ | 806,305 |
| Increase in unearned premiums | (169,578 | ) | | (103,920 | ) | Net premiums earned—insurance | 781,420 |
| | 702,385 |
| Net investment income (1) | 68,121 |
| | 72,679 |
| Other income (2) (3) | 6,255 |
| | 5,787 |
| Total (4) | 855,796 |
| | 780,851 |
| | | | | Provision for losses | 562,747 |
| | 921,548 |
| Estimated present value of net credit (recoveries) losses incurred | (21 | ) | | 933 |
| Policy acquisition costs | 28,485 |
| | 34,131 |
| Other operating expenses (5) | 257,402 |
| | 167,660 |
| Interest expense (6) | 74,618 |
| | 51,832 |
| Total | 923,231 |
| | 1,176,104 |
| | | | | Adjusted pretax operating loss | $ | (67,435 | ) | | $ | (395,253 | ) | | | | | Cash and investments | $ | 3,384,558 |
| | $ | 3,447,201 |
| Restricted cash | 22,527 |
| | 24,225 |
| Deferred policy acquisition costs | 29,741 |
| | 38,478 |
| Total assets (7) | 3,853,630 |
| | 3,937,588 |
| Unearned premiums | 567,072 |
| | 382,413 |
| Reserve for losses and LAE | 2,164,353 |
| | 3,083,608 |
| | | | | NIW (in millions) | $ | 47,255 |
| | $ | 37,061 |
|
________________ | | (1) | Net investment income of $6.5 million and $9.5 million has been reallocated to the mortgage insurance segment for the years ended December 31, 2013 and 2012, respectively. |
| | (2) | Other income of $0.2 million has been reallocated to the mortgage insurance segment for each of the years ended December 31, 2013 and 2012. |
| | (3) | Does not include change in fair value of derivative instruments of $0.6 million and ($0.2) million for the years ended December 31, 2013 and 2012, respectively. |
| | (4) | For the year ended December 31, 2013, excludes the following revenue items not included in adjusted pretax operating loss: (a) net losses on investments of $98.9 million; (b) net losses on other financial instruments of $7.6 million; and (c) change in fair value of derivative instruments of $0.6 million. For the year ended December 31, 2012, excludes the following revenue items not included in adjusted pretax operating loss: (a) net gains on investments of $114.3 million;(b) net losses on other financial instruments of $7.8 million; and (c) change in fair value of derivative instruments of ($0.2) million. |
| | (5) | Corporate overhead expenses of $20.5 million and $15.2 million have been reallocated to the mortgage insurance segment for the years ended December 31, 2013 and 2012, respectively. |
| | (6) | Interest expense of $56.6 million and $44.4 million has been reallocated to the mortgage insurance segment for the years ended December 31, 2013 and 2012, respectively. |
| | (7) | Does not include assets held for sale of $1.8 billion and $2.0 billion for the years ended December 31, 2013 and 2012, respectively, which are not a part of the mortgage insurance segment. |
|
| Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
The reconciliation of adjusted pretax operating income (loss) to consolidated pretax income (loss) from continuing operations is as follows: | | | | | | | | | | | | | | December 31, | (In thousands) | 2014 | | 2013 | | 2012 | Adjusted pretax operating income (loss): | | | | | | Mortgage insurance (2) | $ | 336,936 |
| (1) | $ | (67,435 | ) | | $ | (395,253 | ) | MRES | 5,446 |
| (3) | — |
| | — |
| Total adjusted pretax operating income (loss) | $ | 342,382 |
| | $ | (67,435 | ) | | $ | (395,253 | ) | | | | | | | Change in fair value of derivative instruments | — |
| | 635 |
| | (192 | ) | Less: Estimated present value of net credit (losses) recoveries incurred | (113 | ) | | 21 |
| | (933 | ) | Change in fair value of derivative instruments expected to reverse over time | 113 |
| | 614 |
| | 741 |
| | | | | | | Net gains (losses) on investments | 83,869 |
| | (98,945 | ) | | 114,282 |
| Net (losses) gains on other financial instruments | (3,880 | ) | | (7,580 | ) | | 7,802 |
| Acquisition-related expenses | (6,680 | ) | | — |
| | — |
| Amortization and impairment of intangible assets | (8,648 | ) | | — |
| | — |
| Consolidated pretax income (loss) from continuing operations | $ | 407,156 |
| | $ | (173,346 | ) | | $ | (272,428 | ) |
________________ | | (1) | Includes inter-segment expenses of $0.8 million for the year ended December 31, 2014. |
| | (2) | Includes certain corporate income and expenses that have been reallocated to the mortgage insurance segment for all periods presented, as listed in the preceding detailed tables. These amounts represent items that were previously allocated to the financial guaranty segment but were not reclassified to discontinued operations. |
| | (3) | Includes inter-segment revenues of $0.8 million for the year ended December 31, 2014. |
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