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Note 4 - Segment Reporting Schedule of Segment Reporting Information by Segment (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
segment
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Segment Reporting Information [Line Items]                      
Number of Reportable Segments | segment                 2    
Net premiums earned—insurance $ 226,443 $ 227,433 $ 237,437 $ 224,595 $ 224,293 $ 217,827 $ 203,646 $ 198,762 $ 915,908 $ 844,528 $ 781,420
Services revenue 37,493 42,189 43,503 30,630 [1] 34,450 42,243 0   153,815 76,693 0
Net investment income 22,833 22,091 19,285 17,328 16,531 17,143 16,663 15,318 81,537 65,655 68,121
Other Income                 6,300 5,820 6,890
Provision for losses 56,805 64,192 32,560 45,028 82,867 48,942 64,648 49,626 198,585 246,083 562,747
Policy acquisition costs 4,831 2,880 6,963 7,750 6,443 4,240 6,746 7,017 22,424 24,446 28,485
Direct cost of services 22,241 24,949 23,520 19,253 19,709 23,896 0 0 89,963 43,605 0
Operating Income (Loss) Pre-Tax Non-GAAP                 510,894 342,382 (67,435)
Assets held for sale 0       1,736,444 [2]       0 1,736,444 [2]  
Total assets 5,642,100       6,842,336       5,642,100 6,842,336  
Net gains (losses) on investments and other financial instruments (13,402) [3] $ 3,868 [3] $ 28,448 [3] $ 16,779 [3] 17,983 [3] $ (6,294) [3] $ 25,332 [3] $ 42,968 [3] 35,693 [3],[4] 79,989 [3],[4] (106,525)
Change in Fair Value of Derivative Instruments Expected to Reverse Over Time                   100 600
Mortgage Insurance Segment                      
Segment Reporting Information [Line Items]                      
Net premiums written—insurance                 968,505 925,181 950,998
(Increase) decrease in unearned premiums                 (52,597) (80,653) (169,578)
Net premiums earned—insurance                 915,908 844,528 781,420
Services revenue                 0    
Net investment income                 81,537 65,655 68,121
Other Income                 6,300 5,321 6,255
Revenue Non GAAP Basis                 1,003,745 915,504 855,796 [5]
Provision for losses                 198,433 246,865 562,747
Change In Present Value of Estimated Credit Loss Payments                   113 (21)
Policy acquisition costs                 22,424 24,446 28,485
Direct cost of services                 0    
Other operating expenses                 149,941 170,390 160,327
Total Expenses Non-GAAP                 370,798 [6] 441,814 [7] 751,538
Operating Income (Loss) Pretax Non GAAP Before Corporate Allocations                 632,947 473,690 104,258
Total Operating Expenses Allocated to Subsidiaries From Parent Company                 46,418 55,154 97,075
Total Interest Expense Allocated to Subsidiaries From Parent Company                 73,402 81,600 74,618
Operating Income (Loss) Pre-Tax Non-GAAP [8]                 513,127 336,936 (67,435)
Total assets 5,281,597       4,769,014       5,281,597 4,769,014 3,837,889 [9]
New Insurance Written                 41,411,000 37,349,000 47,255,000
Revenue from Related Parties                 0 0  
Costs and Expenses, Related Party                 3,601 782  
Mortgage and Real Estate Services Segment [Member]                      
Segment Reporting Information [Line Items]                      
Net premiums written—insurance                 0    
(Increase) decrease in unearned premiums                 0    
Net premiums earned—insurance                 0    
Services revenue                 157,416 76,709 [10]  
Net investment income [10]                 0 0  
Other Income                 0 1,265 [10]  
Revenue Non GAAP Basis                 157,416 [6] 77,974 [7],[10]  
Provision for losses                 0    
Policy acquisition costs                 0    
Direct cost of services                 93,504 43,605 [10]  
Other operating expenses                 43,622 18,915 [10]  
Total Expenses Non-GAAP                 137,126 62,520 [10]  
Operating Income (Loss) Pretax Non GAAP Before Corporate Allocations                 20,290 15,454 [10]  
Total Operating Expenses Allocated to Subsidiaries From Parent Company                 4,823 1,144 [10]  
Total Interest Expense Allocated to Subsidiaries From Parent Company                 17,700 8,864 [10]  
Operating Income (Loss) Pre-Tax Non-GAAP [8]                 (2,233) 5,446 [10] $ 0
Total assets $ 360,503       $ 336,878 [10]       360,503 336,878 [10]  
Revenue from Related Parties                 3,601 782  
Costs and Expenses, Related Party                 0 0  
Mortgage Insurance and Mortgage and Real Estate Services Segments [Member]                      
Segment Reporting Information [Line Items]                      
Net premiums written—insurance                 968,505 925,181  
(Increase) decrease in unearned premiums                 (52,597) (80,653)  
Net premiums earned—insurance                 915,908 844,528  
Services revenue                 157,416 76,709  
Net investment income                 81,537 65,655  
Other Income                 6,300 6,586  
Revenue Non GAAP Basis                 1,161,161 [11] 993,478 [12]  
Provision for losses                 198,433 246,865  
Change In Present Value of Estimated Credit Loss Payments                   113  
Policy acquisition costs                 22,424 24,446  
Direct cost of services                 93,504 43,605  
Other operating expenses                 193,563 189,305  
Total Expenses Non-GAAP                 507,924 504,334  
Operating Income (Loss) Pretax Non GAAP Before Corporate Allocations                 653,237 489,144  
Total Operating Expenses Allocated to Subsidiaries From Parent Company                 51,241 56,298  
Total Interest Expense Allocated to Subsidiaries From Parent Company                 91,102 90,464  
Operating Income (Loss) Pre-Tax Non-GAAP                 $ 510,894 $ 342,382  
[1] Services revenue for the first quarter includes $101 thousand that had previously been included in other income.
[2] Assets held for sale are not part of the Mortgage Insurance or Services segments.
[3] The 2015 and 2014 amounts reflect primarily unrealized (losses) gains, respectively, on our trading securities.
[4] The change in expected economic loss or recovery associated with our previously owned VIEs is included in adjusted pretax operating income above, although it represents amounts that are not included in net income. Therefore, for purposes of this reconciliation, net gains (losses) on investments and other financial instruments has been adjusted by income of $0.1 million and $0.6 million for the years ended December 31, 2014 and 2013, respectively, to reverse this item.
[5] Excludes the following revenue items not included in adjusted pretax operating loss: (i) net losses on investments and other financial instruments of $106.5 million; (ii) change in fair value of derivative instruments of $0.6 million.
[6] Includes inter-segment expenses and revenues as follows: December 31, 2015(In thousands)Mortgage Insurance ServicesInter-segment revenues$— $3,601Inter-segment expenses3,601 —
[7] Includes inter-segment expenses and revenues as follows: December 31, 2014(In thousands)Mortgage Insurance ServicesInter-segment revenues$— $782Inter-segment expenses782 —
[8] Includes inter-segment expenses and revenues as listed in the notes to the preceding tables.
[9] Does not include assets held for sale of $1.8 billion which are not a part of the Mortgage Insurance segment.
[10] Includes the acquisition of Clayton, effective June 30, 2014.
[11] Excludes net gains on investments and other financial instruments of $35.7 million, not included in adjusted pretax operating income.
[12] Excludes net gains on investments and other financial instruments of $80.0 million, not included in adjusted pretax operating income.