Schedule I: Summary of Investments—Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2021

Schedule I Summary of Investments [Abstract]

Schedule I: Summary of Investments—Other Than Investments in Related Parties

Schedule I
Summary of Investments—Other Than Investments in Related Parties
December 31, 2021

(In thousands)	Amortized Cost		Fair Value			Amount Reflected on the Consolidated Balance Sheet
Type of Investment
Fixed-maturities available for sale
Bonds
U.S. government and agency securities	$	221,407	$	221,730		$	221,730
State and municipal obligations	162,964		177,257			177,257
Corporate bonds and notes	2,867,063		2,975,842			2,975,842
RMBS	697,581		705,117			705,117
CMBS	690,827		709,203			709,203
CLO	529,906		530,040			530,040
Other ABS	210,657		211,187			211,187
Foreign government and agency securities	5,109		5,296			5,296
Mortgage insurance-linked notes (1)	45,384		47,017			47,017
Total securities available for sale	5,430,898		5,582,689		(2)	5,582,689		(2)
Trading securities	234,757		256,929		(3)	256,929		(3)
Equity securities
Common stocks	211,905		222,247			222,247
Total equity securities	211,905		222,247		(4)	222,247		(4)
Short-term investments (5)	551,516		551,508			551,508
Other invested assets	3,575		4,165			4,165
Total investments other than investments in related parties	$	6,432,651	$	6,617,538		$	6,617,538

(1)Comprises the notes purchased by Radian Group in connection with the Excess-of-Loss Program. See Note 8 for more information about our reinsurance programs.

(2)Includes $65.6 million of fixed-maturity securities available for sale loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.

(3)Includes $0.4 million of trading securities loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.

(4)Includes $38.0 million of equity securities loaned under securities lending agreements that are classified as other assets in our consolidated balance sheets.

(5)Includes cash collateral held under securities lending agreements of $48.7 million that is reinvested in money market instruments.