Schedule II Financial Information of Registrant Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information Statement Of Condition Of Parent Company [Table Text Block]

Radian Group Inc.

Schedule II—Financial Information of Registrant

Balance Sheets

Parent Company Only

	December 31,
(In thousands, except share and per-share amounts)	2014			2013
Assets
Investments
Trading securities—at fair value	$	5,447		$	5,240
Short-term investments—at fair value	631,934			633,178
Cash	1,951			4,304
Restricted cash	124			123
Investment in subsidiaries, at equity in net assets	2,746,915			1,419,360
Debt issuance costs	17,627			15,741
Due from affiliates, net	13,110			12,283
Accounts and notes receivable	305,856			8,105
Property and equipment, at cost (less accumulated depreciation of $50,648 and $49,632)	1,624			1,281
Other assets	16,660			12,880
Assets held for sale	18,027			—
Total assets	$	3,759,275		$	2,112,495
Liabilities and Stockholders’ Equity
Accrued interest payable	$	6,796		$	5,551
Accrued compensation expense	86,258			132,848
Long-term debt	1,209,926			930,072
Federal income taxes—current and deferred	262,583			98,476
Other liabilities	3,935			5,903
Liabilities held for sale	18,027			—
Total liabilities	1,587,525			1,172,850
Equity component of currently redeemable convertible senior notes	74,690			—
Common stockholders’ equity
Common stock: par value $.001 per share; 485,000,000 shares authorized at December 31, 2014 and 2013; 208,601,020 and 190,636,972 shares issued at December 31, 2014 and 2013, respectively; 191,053,530 and 173,099,515 shares outstanding at December 31, 2014 and 2013, respectively	209			191
Treasury stock, at cost: 17,547,490 and 17,537,457 shares at December 31, 2014 and 2013, respectively	(892,961		)	(892,807		)
Additional paid-in capital	2,531,513			2,347,104
Retained earnings (deficit)	406,814			(552,226		)
Accumulated other comprehensive income	51,485			37,383
Total common stockholders’ equity	2,097,060			939,645
Total liabilities and stockholders’ equity	$	3,759,275		$	2,112,495

Condensed Financial Information Statement Of Income Of Parent Company [Table Text Block]

Radian Group Inc.

Schedule II—Financial Information of Registrant

Statements of Operations

Parent Company Only

	Year Ended December 31,
(In thousands)	2014			2013			2012
Revenues:
Net investment income	$	9,515		$	4,300		$	9,093
Net gains (losses) on investments	133			(930		)	8,816
Net (losses) gains on other financial instruments	(2,865		)	(6,026		)	9,180
Other income	7			—			3
Total revenues	6,790			(2,656		)	27,092
Expenses:
Other operating expenses	—			—			2,690
Interest expense	57,366			37,087			17,756
Total expenses	57,366			37,087			20,446
(Loss) income from continuing operations before income taxes	(50,576		)	(39,743		)	6,646
Provision (benefit) for income taxes	143,912			9,234			(40,187		)
Equity in net income (loss) of affiliates	1,172,032			(148,008		)	(498,301		)
Net income (loss) from continuing operations	977,544			(196,985		)	(451,468		)
Loss from discontinued operations, net of taxes	(18,027		)	—			—
Net income (loss)	$	959,517		$	(196,985	)	$	(451,468	)

Condensed Financial Information Statement of Cash Flows of Parent Company [Table Text Block]

Radian Group Inc.

Schedule II—Financial Information of Registrant

Statements of Cash Flows

Parent Company Only

	Year Ended December 31,
(In thousands)	2014			2013			2012
Cash flows from operating activities:
Net income (loss)	$	959,517		$	(196,985	)	$	(451,468	)
Loss from discontinued operations, net of tax	18,027			—			—
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Net (gains) losses on investments and other financial instruments	(53		)	3,004			(1,821		)
Losses (gains) on the repurchase of long-term debt	2,785			3,952			(16,175		)
Equity in undistributed net (income) loss of subsidiaries and affiliates	(1,172,005		)	150,090			505,267
(Decrease) increase in federal income taxes	(6,626		)	6,583			(7,145		)
Deferred income tax provision	170,757			—			—
Depreciation and other amortization, net	34,213			30,286			18,603
Change in other assets	13,768			23,301			(17,708		)
Change in other liabilities	(47,536		)	85,450			25,336
Net cash (used in) provided by operating activities, continuing operations	(27,153		)	105,681			54,889
Net cash used in operating activities, discontinued operations	(18,027		)	—			—
Net cash (used in) provided by operating activities	(45,180		)	105,681			54,889
Cash flows from investing activities:
Sales/redemptions of trading securities	—			9,000			153,992
Purchases of trading securities	—			—			(3		)
Sales (purchases) of short-term investments, net	1,372			(496,979		)	41,042
Sales of other assets, net	—			21,473			8,709
Purchases of property and equipment, net	(1,351		)	(647		)	(1,124		)
Capital contributions to subsidiaries and affiliates	(139,103		)	(233,391		)	(100,384		)
Issuance of note receivable from affiliate	(300,000		)	—			—
Net cash (used in) provided by investing activities	(439,082		)	(700,544		)	102,232
Cash flows from financing activities:
Dividends paid	(1,865		)	(1,632		)	(1,335		)
Proceeds/payments related to issuance or exchange of debt, net	293,809			377,783			—
Redemption of long-term debt	(57,223		)	(79,372		)	(153,261		)
Issuance of common stock	247,188			299,410			—
Net cash provided by (used in) financing activities	481,909			596,189			(154,596		)
(Decrease) increase in cash	(2,353		)	1,326			2,525
Cash, beginning of year	4,304			2,978			453
Cash, end of year	$	1,951		$	4,304		$	2,978

Schedule of Maturities of Long-term Debt [Table Text Block]

At December 31, 2014, the maturities of the principal amount of our long-term debt in future years are as follows:

(In thousands)
2017	$	645,501
2019	700,000
	$	1,345,501