10-Q Filing

RADIAN GROUP INC CIK: 890926 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0000890926-19-000063`
Period End Date	20190630
Filing Date	20190806
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	rdn10q06302019_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 88 Cash Flow Statement 60 Stockholders Equity 16 Comprehensive Income 28

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Fixed-maturities available for saleat amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$4.10B	USD	Point-in-time
Fixed-maturities available for saleat amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$4.00B	USD	Point-in-time
Debt Securities, Trading, Amortized Cost	`TradingSecuritiesDebtAmortizedCost`	$468.70M	USD	Point-in-time
Fixed-maturities available for saleat fair value (amortized cost $4,003,367 and $4,098,962)	`AvailableForSaleSecuritiesDebtSecurities`	$4.11B	USD	Point-in-time
Fixed-maturities available for saleat fair value (amortized cost $4,003,367 and $4,098,962)	`AvailableForSaleSecuritiesDebtSecurities`	$4.02B	USD	Point-in-time
Debt Securities, Trading, Amortized Cost	`TradingSecuritiesDebtAmortizedCost`	$319.02M	USD	Point-in-time
Available-for-sale Equity Securities, Amortized Cost Basis	`EquitySecuritiesFvNiCost`	$139.38M	USD	Point-in-time
Trading securitiesat fair value (amortized cost of $319,021 and $468,696)	`TradingSecuritiesDebt`	$469.07M	USD	Point-in-time
Available-for-sale Equity Securities, Amortized Cost Basis	`EquitySecuritiesFvNiCost`	$148.63M	USD	Point-in-time
Trading securitiesat fair value (amortized cost of $319,021 and $468,696)	`TradingSecuritiesDebt`	$337.02M	USD	Point-in-time
Equity securitiesat fair value (cost of $148,635 and $139,377)	`EquitySecuritiesFvNi`	$130.56M	USD	Point-in-time
Equity securitiesat fair value (cost of $148,635 and $139,377)	`EquitySecuritiesFvNi`	$149.95M	USD	Point-in-time
Reinvested cash collateral held under securities lending agreements	`SecuritiesReceivedAsCollateral`	$11.70M	USD	Point-in-time
Reinvested cash collateral held under securities lending agreements	`SecuritiesReceivedAsCollateral`	$20.86M	USD	Point-in-time
Short-term investmentsat fair value (includes $20,862 and $11,699 of reinvested cash collateral held under securities lending agreements)	`OtherShortTermInvestments`	$909.88M	USD	Point-in-time
Short-term investmentsat fair value (includes $20,862 and $11,699 of reinvested cash collateral held under securities lending agreements)	`OtherShortTermInvestments`	$528.40M	USD	Point-in-time
Other invested assetsat fair value	`OtherInvestments`	$3.42M	USD	Point-in-time
Other invested assetsat fair value	`OtherInvestments`	$2.82M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	485.00M	shares	Point-in-time
Total investments	`Investments`	$5.51B	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	485.00M	shares	Point-in-time
Total investments	`Investments`	$5.15B	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$95.39M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	223.31M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	231.13M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$74.11M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	205.40M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	213.47M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.01M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$11.61M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	17.66M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	17.91M	shares	Point-in-time
Accounts and notes receivable	`AccountsAndNotesReceivableNet`	$122.10M	USD	Point-in-time
Accounts and notes receivable	`AccountsAndNotesReceivableNet`	$78.65M	USD	Point-in-time
Deferred income taxes, net (Note 9)	`DeferredTaxAssetsNet`	$6.87M	USD	Point-in-time
Deferred income taxes, net (Note 9)	`DeferredTaxAssetsNet`	$131.64M	USD	Point-in-time
Goodwill and other acquired intangible assets, net (Note 6)	`IntangibleAssetsNetIncludingGoodwill`	$54.67M	USD	Point-in-time
Goodwill and other acquired intangible assets, net (Note 6)	`IntangibleAssetsNetIncludingGoodwill`	$59.00M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$417.63M	USD	Point-in-time
Prepaid reinsurance premium	`PrepaidReinsurancePremiums`	$385.81M	USD	Point-in-time
Other assets (Note 8)	`OtherAssets`	$367.70M	USD	Point-in-time
Other assets (Note 8)	`OtherAssets`	$430.24M	USD	Point-in-time
Total assets	`Assets`	$6.59B	USD	Point-in-time
Total assets	`Assets`	$6.31B	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$666.35M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$739.36M	USD	Point-in-time
Reserve for losses and loss adjustment expense (Note 10)	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$405.28M	USD	Point-in-time
Reserve for losses and loss adjustment expense (Note 10)	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$401.36M	USD	Point-in-time
Senior notes (Note 11)	`SeniorNotes`	$982.89M	USD	Point-in-time
Senior notes (Note 11)	`SeniorNotes`	$1.03B	USD	Point-in-time
FHLB advances (Note 11)	`AdvancesFromFederalHomeLoanBanks`	$106.38M	USD	Point-in-time
FHLB advances (Note 11)	`AdvancesFromFederalHomeLoanBanks`	$82.53M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$339.64M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$321.21M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$251.13M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$308.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.83B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.81B	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2019 and December 31, 2018; 223,312 and 231,132 shares issued at June 30, 2019 and December 31, 2018, respectively; 205,399 and 213,473 shares outstanding at June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$223.00K	USD	Point-in-time
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2019 and December 31, 2018; 223,312 and 231,132 shares issued at June 30, 2019 and December 31, 2018, respectively; 205,399 and 213,473 shares outstanding at June 30, 2019 and December 31, 2018, respectively	`CommonStockValue`	$231.00K	USD	Point-in-time
Treasury stock, at cost: 17,913 and 17,660 shares at June 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$894.87M	USD	Point-in-time
Treasury stock, at cost: 17,913 and 17,660 shares at June 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$901.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.54B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.06B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.72B	USD	Point-in-time
Accumulated other comprehensive income (loss) (Note 14)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-60.92M	USD	Point-in-time
Accumulated other comprehensive income (loss) (Note 14)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$88.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.78B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.49B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.59B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$6.31B	USD	Point-in-time

Income Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net premiums earnedinsurance	`PremiumsEarnedNet`	$299.17M	USD	1 Quarter
Net premiums earnedinsurance	`PremiumsEarnedNet`	$562.68M	USD	2 Qtrs
Net premiums earnedinsurance	`PremiumsEarnedNet`	$251.34M	USD	1 Quarter
Net premiums earnedinsurance	`PremiumsEarnedNet`	$493.89M	USD	2 Qtrs
Services revenue	`ServicesRevenueNet`	$72.06M	USD	2 Qtrs
Services revenue	`ServicesRevenueNet`	$39.30M	USD	1 Quarter
Services revenue	`ServicesRevenueNet`	$36.83M	USD	1 Quarter
Services revenue	`ServicesRevenueNet`	$69.99M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$43.76M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$71.43M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$87.61M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$37.47M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$-26.29M	USD	2 Qtrs
Net gains (losses) on investments and other financial instruments	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$34.45M	USD	2 Qtrs
Net gains (losses) on investments and other financial instruments	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$-7.40M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$12.54M	USD	1 Quarter
Other income	`OtherIncome`	$1.80M	USD	2 Qtrs
Other income	`OtherIncome`	$1.82M	USD	2 Qtrs
Other income	`OtherIncome`	$194.00K	USD	1 Quarter
Other income	`OtherIncome`	$1.02M	USD	1 Quarter
Total revenues	`Revenues`	$394.96M	USD	1 Quarter
Total revenues	`Revenues`	$319.26M	USD	1 Quarter
Total revenues	`Revenues`	$610.85M	USD	2 Qtrs
Total revenues	`Revenues`	$758.59M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsandClaimsIncurredNetandIncludingChangeinReservesforPremiumDeficiency`	$68.18M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsandClaimsIncurredNetandIncludingChangeinReservesforPremiumDeficiency`	$19.34M	USD	1 Quarter
Provision for losses	`PolicyholderBenefitsandClaimsIncurredNetandIncludingChangeinReservesforPremiumDeficiency`	$56.62M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsandClaimsIncurredNetandIncludingChangeinReservesforPremiumDeficiency`	$47.43M	USD	1 Quarter
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$6.00M	USD	1 Quarter
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$13.11M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$12.10M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$6.20M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$24.20M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$52.00M	USD	2 Qtrs
Cost of services	`CostOfGoodsAndServicesSold`	$27.84M	USD	1 Quarter
Cost of services	`CostOfGoodsAndServicesSold`	$47.33M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$148.85M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$70.05M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$133.43M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$70.18M	USD	1 Quarter
Restructuring and other exit costs (Note 1)	`RestructuringandOtherExitCosts`	-	USD	1 Quarter
Restructuring and other exit costs (Note 1)	`RestructuringandOtherExitCosts`	-	USD	2 Qtrs
Restructuring and other exit costs (Note 1)	`RestructuringandOtherExitCosts`	$925.00K	USD	1 Quarter
Restructuring and other exit costs (Note 1)	`RestructuringandOtherExitCosts`	$1.48M	USD	2 Qtrs
Interest expense	`InterestExpense`	$30.37M	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.96M	USD	1 Quarter
Interest expense	`InterestExpense`	$30.66M	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.29M	USD	1 Quarter
Loss on extinguishment of debt	`GainLossOnRepurchaseOfDebtInstrument`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainLossOnRepurchaseOfDebtInstrument`	$-16.80M	USD	2 Qtrs
Loss on extinguishment of debt	`GainLossOnRepurchaseOfDebtInstrument`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainLossOnRepurchaseOfDebtInstrument`	$-16.80M	USD	1 Quarter
Amortization and impairment of other acquired intangible assets	`AmortizationandImpairmentofOtherIntangibleAssets`	$5.50M	USD	2 Qtrs
Amortization and impairment of other acquired intangible assets	`AmortizationandImpairmentofOtherIntangibleAssets`	$2.14M	USD	1 Quarter
Amortization and impairment of other acquired intangible assets	`AmortizationandImpairmentofOtherIntangibleAssets`	$2.75M	USD	1 Quarter
Amortization and impairment of other acquired intangible assets	`AmortizationandImpairmentofOtherIntangibleAssets`	$4.33M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$332.91M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$185.42M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$287.83M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$138.69M	USD	1 Quarter
Consolidated pretax income (loss)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$323.01M	USD	2 Qtrs
Consolidated pretax income (loss)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$209.54M	USD	1 Quarter
Consolidated pretax income (loss)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$425.68M	USD	2 Qtrs
Consolidated pretax income (loss)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$180.57M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$87.99M	USD	2 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-422.00K	USD	2 Qtrs
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$42.81M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-28.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$337.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$166.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$323.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$208.95M	USD	1 Quarter
Basic net income (loss) per share	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic net income (loss) per share	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Basic net income (loss) per share	`EarningsPerShareBasic`	$1.60	USD	2 Qtrs
Basic net income (loss) per share	`EarningsPerShareBasic`	$1.50	USD	2 Qtrs
Diluted net income (loss) per share	`EarningsPerShareDiluted`	$1.48	USD	2 Qtrs
Diluted net income (loss) per share	`EarningsPerShareDiluted`	$1.56	USD	2 Qtrs
Diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Weighted-average number of common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	208.10M	shares	1 Quarter
Weighted-average number of common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	213.98M	shares	1 Quarter
Weighted-average number of common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	211.26M	shares	2 Qtrs
Weighted-average number of common shares outstandingbasic	`WeightedAverageNumberOfSharesOutstandingBasic`	215.05M	shares	2 Qtrs
Weighted-average number of common and common equivalent shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	213.60M	shares	1 Quarter
Weighted-average number of common and common equivalent shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	218.74M	shares	2 Qtrs
Weighted-average number of common and common equivalent shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	216.50M	shares	2 Qtrs
Weighted-average number of common and common equivalent shares outstandingdiluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	217.83M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$338.13M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$300.82M	USD	2 Qtrs
Proceeds from Sales of Fixed-Maturity Investments Available-for-sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$348.08M	USD	2 Qtrs
Proceeds from Sales of Fixed-Maturity Investments Available-for-sale	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$568.35M	USD	2 Qtrs
Proceeds from Sales of Trading Securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$111.71M	USD	2 Qtrs
Proceeds from Sales of Trading Securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$16.64M	USD	2 Qtrs
Proceeds from Sales of Equity Securities	`ProceedsFromSaleOfSecuritiesOperatingActivities`	$82.70M	USD	2 Qtrs
Proceeds from Sales of Equity Securities	`ProceedsFromSaleOfSecuritiesOperatingActivities`	$39.82M	USD	2 Qtrs
Proceeds from Redemption of Fixed-Maturity Investments Available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$184.46M	USD	2 Qtrs
Proceeds from Redemption of Fixed-Maturity Investments Available for sale	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$219.82M	USD	2 Qtrs
Proceeds from Redemptions of Trading securities	`ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment`	$33.85M	USD	2 Qtrs
Proceeds from Redemptions of Trading securities	`ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment`	$35.85M	USD	2 Qtrs
Purchases of Fixed-Maturity Investments Available-for-sale	`PaymentsToAcquireAvailableForSaleSecurities`	$665.88M	USD	2 Qtrs
Purchases of Fixed-Maturity Investments Available-for-sale	`PaymentsToAcquireAvailableForSaleSecurities`	$807.20M	USD	2 Qtrs
Purchases of Equity Securities	`PaymentsToAcquireInvestments`	$31.85M	USD	2 Qtrs
Purchases of Equity Securities	`PaymentsToAcquireInvestments`	$52.36M	USD	2 Qtrs
Sales, Redemptions and (Purchases) of Short-term Investments, Net	`PaymentsForProceedsFromShortTermInvestments`	$205.57M	USD	2 Qtrs
Sales, Redemptions and (Purchases) of Short-term Investments, Net	`PaymentsForProceedsFromShortTermInvestments`	$372.54M	USD	2 Qtrs
Sales, Redemptions and (Purchases) of Other assets and other invested assets, net	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$293.00K	USD	2 Qtrs
Sales, Redemptions and (Purchases) of Other assets and other invested assets, net	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$490.00K	USD	2 Qtrs
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.33M	USD	2 Qtrs
Purchases of property and equipment, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.21M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$634.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-376.70M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-144.79M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.07M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.05M	USD	2 Qtrs
Issuance of senior notes, net	`ProceedsFromDebtNetOfIssuanceCosts`	-	USD	2 Qtrs
Issuance of senior notes, net	`ProceedsFromDebtNetOfIssuanceCosts`	$442.94M	USD	2 Qtrs
Repayments and repurchases of senior notes	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Repayments and repurchases of senior notes	`RepaymentsOfLongTermDebt`	$508.02M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.27M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$810.00K	USD	2 Qtrs
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$50.05M	USD	2 Qtrs
Repurchases of common shares	`PaymentsForRepurchaseOfCommonStock`	$188.82M	USD	2 Qtrs
Credit facility commitment fees paid	`LineofCreditFacilityPaymentofCommitmentFees`	$471.00K	USD	2 Qtrs
Credit facility commitment fees paid	`LineofCreditFacilityPaymentofCommitmentFees`	$405.00K	USD	2 Qtrs
Change in secured borrowings, net (with terms less than 3 months)	`IncreaseDecreaseInSecuritiesLendingPayable`	$119.63M	USD	2 Qtrs
Change in secured borrowings, net (with terms less than 3 months)	`IncreaseDecreaseInSecuritiesLendingPayable`	$11.56M	USD	2 Qtrs
Proceeds from secured borrowings (with terms greater than 3 months)	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$36.00M	USD	2 Qtrs
Proceeds from secured borrowings (with terms greater than 3 months)	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$15.54M	USD	2 Qtrs
Payments of secured borrowings (with terms greater than 3 months)	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	-	USD	2 Qtrs
Payments of secured borrowings (with terms greater than 3 months)	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$14.55M	USD	2 Qtrs
Repayments of other borrowings	`RepaymentsOfLongTermCapitalLeaseObligations`	$75.00K	USD	2 Qtrs
Repayments of other borrowings	`RepaymentsOfLongTermCapitalLeaseObligations`	$94.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.36M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-221.22M	USD	2 Qtrs
Effect of exchange rate changes on cash and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-4.00K	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-27.88M	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.48M	USD	2 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.24M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$104.72M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$107.00M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.12M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$96.24M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$104.72M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$107.00M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$79.12M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$3.78B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$3.49B	USD	Point-in-time
Net income	`NetIncomeLoss`	$337.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$166.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$323.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$208.95M	USD	1 Quarter
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-83.98M	USD	2 Qtrs
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$70.97M	USD	1 Quarter
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-26.47M	USD	1 Quarter
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$149.38M	USD	2 Qtrs
Net foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.00K	USD	2 Qtrs
Net foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Net foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.00K	USD	1 Quarter
Net foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.00K	USD	2 Qtrs
Balance, end of period	`StockholdersEquity`	$3.78B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$3.49B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$337.69M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$166.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$323.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$208.95M	USD	1 Quarter
Unrealized holding gains (losses) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-27.80M	USD	1 Quarter
Unrealized holding gains (losses) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$150.02M	USD	2 Qtrs
Unrealized holding gains (losses) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-88.45M	USD	2 Qtrs
Unrealized holding gains (losses) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$72.00M	USD	1 Quarter
Less: Reclassification adjustment for net gains (losses) included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-1.34M	USD	1 Quarter
Less: Reclassification adjustment for net gains (losses) included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$638.00K	USD	2 Qtrs
Less: Reclassification adjustment for net gains (losses) included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-4.47M	USD	2 Qtrs
Less: Reclassification adjustment for net gains (losses) included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$1.03M	USD	1 Quarter
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-83.98M	USD	2 Qtrs
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$70.97M	USD	1 Quarter
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-26.47M	USD	1 Quarter
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$149.38M	USD	2 Qtrs
Net foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.00K	USD	2 Qtrs
Net foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Net foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.00K	USD	1 Quarter
Net foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-26.47M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-83.98M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$149.38M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$70.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$237.70M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$239.46M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$487.07M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$182.48M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.