10-Q Filing

RADIAN GROUP INC CIK: 890926 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0000890926-22-000033`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	rdn-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 84 Cash Flow Statement 50 Stockholders Equity 12 Comprehensive Income 32

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Total fixed-maturities available for sale	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$5.37B	USD	Point-in-time
Total fixed-maturities available for sale	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$5.64B	USD	Point-in-time
Fixed-maturities available for saleat fair value (amortized cost of $5,643,884 and $5,367,729)	`AvailableForSaleSecuritiesDebtSecurities`	$5.52B	USD	Point-in-time
Trading securities amortized cost	`TradingSecuritiesDebtAmortizedCost`	$188.57M	USD	Point-in-time
Trading securities amortized cost	`TradingSecuritiesDebtAmortizedCost`	$234.38M	USD	Point-in-time
Fixed-maturities available for saleat fair value (amortized cost of $5,643,884 and $5,367,729)	`AvailableForSaleSecuritiesDebtSecurities`	$5.23B	USD	Point-in-time
Trading securitiesat fair value (amortized cost of $188,570 and $234,382)	`TradingSecuritiesDebt`	$256.55M	USD	Point-in-time
Equity securities, fair value cost	`EquitySecuritiesFvNiCost`	$176.23M	USD	Point-in-time
Trading securitiesat fair value (amortized cost of $188,570 and $234,382)	`TradingSecuritiesDebt`	$189.44M	USD	Point-in-time
Equity securities, fair value cost	`EquitySecuritiesFvNiCost`	$156.65M	USD	Point-in-time
Reinvested cash collateral held under securities lending agreements	`ReinvestedCashCollateralHeldUnderSecuritiesLendingAgreements`	$67.11M	USD	Point-in-time
Equity securitiesat fair value (cost of $156,648 and $176,229)	`EquitySecuritiesFvNi`	$184.25M	USD	Point-in-time
Reinvested cash collateral held under securities lending agreements	`ReinvestedCashCollateralHeldUnderSecuritiesLendingAgreements`	$48.65M	USD	Point-in-time
Equity securitiesat fair value (cost of $156,648 and $176,229)	`EquitySecuritiesFvNi`	$146.57M	USD	Point-in-time
Reinsurance recoverables, paid losses	`ReinsuranceRecoverablesPaidLosses`	$51.00K	USD	Point-in-time
Short-term investmentsat fair value (includes $67,107 and $48,652 of reinvested cash collateral held under securities lending agreements)	`OtherShortTermInvestments`	$336.31M	USD	Point-in-time
Reinsurance recoverables, paid losses	`ReinsuranceRecoverablesPaidLosses`	$17.00K	USD	Point-in-time
Short-term investmentsat fair value (includes $67,107 and $48,652 of reinvested cash collateral held under securities lending agreements)	`OtherShortTermInvestments`	$551.51M	USD	Point-in-time
Other invested assetsat fair value	`OtherInvestments`	$5.08M	USD	Point-in-time
Other invested assetsat fair value	`OtherInvestments`	$4.17M	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
Total investments	`Investments`	$6.51B	USD	Point-in-time
Total investments	`Investments`	$5.91B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	485.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	485.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$151.15M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$135.26M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	194.41M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	185.82M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.48M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$561.00K	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	175.42M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	166.39M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	19.43M	shares	Point-in-time
Accrued investment income	`AccruedInvestmentIncome`	$35.77M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncome`	$32.81M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	18.99M	shares	Point-in-time
Accounts and notes receivable	`AccountsReceivableNet`	$166.38M	USD	Point-in-time
Accounts and notes receivable	`AccountsReceivableNet`	$124.02M	USD	Point-in-time
Reinsurance recoverables (includes $17 and $51 for paid losses)	`ReinsuranceRecoverables`	$67.90M	USD	Point-in-time
Reinsurance recoverables (includes $17 and $51 for paid losses)	`ReinsuranceRecoverables`	$39.88M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$16.98M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$16.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$74.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.09M	USD	Point-in-time
Goodwill and other acquired intangible assets, net (Note 7)	`IntangibleAssetsNetIncludingGoodwill`	$17.89M	USD	Point-in-time
Goodwill and other acquired intangible assets, net (Note 7)	`IntangibleAssetsNetIncludingGoodwill`	$19.59M	USD	Point-in-time
Prepaid federal income taxes (Note 10)	`PrepaidTaxes`	$354.12M	USD	Point-in-time
Prepaid federal income taxes (Note 10)	`PrepaidTaxes`	$466.12M	USD	Point-in-time
Other assets (Note 9)	`OtherAssets`	$483.18M	USD	Point-in-time
Other assets (Note 9)	`OtherAssets`	$414.41M	USD	Point-in-time
Total assets	`Assets`	$7.27B	USD	Point-in-time
Total assets	`Assets`	$7.84B	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$329.09M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$298.99M	USD	Point-in-time
Reserve for losses and LAE (Note 11)	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$828.64M	USD	Point-in-time
Reserve for losses and LAE (Note 11)	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$594.81M	USD	Point-in-time
Senior notes (Note 12)	`SeniorNotes`	$1.41B	USD	Point-in-time
Senior notes (Note 12)	`SeniorNotes`	$1.41B	USD	Point-in-time
FHLB advances (Note 12)	`AdvancesFromFederalHomeLoanBanks`	$150.98M	USD	Point-in-time
FHLB advances (Note 12)	`AdvancesFromFederalHomeLoanBanks`	$184.28M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$228.08M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$223.65M	USD	Point-in-time
Net deferred tax liability (Note 10)	`DeferredIncomeTaxLiabilitiesNet`	$324.87M	USD	Point-in-time
Net deferred tax liability (Note 10)	`DeferredIncomeTaxLiabilitiesNet`	$337.51M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$305.27M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$296.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.34B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.58B	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2022, and December 31, 2021; 185,822 and 194,408 shares issued at June 30, 2022, and December 31, 2021, respectively; 166,388 and 175,421 shares outstanding at June 30, 2022, and December 31, 2021, respectively	`CommonStockValue`	$194.00K	USD	Point-in-time
Common stock: par value $0.001 per share; 485,000 shares authorized at June 30, 2022, and December 31, 2021; 185,822 and 194,408 shares issued at June 30, 2022, and December 31, 2021, respectively; 166,388 and 175,421 shares outstanding at June 30, 2022, and December 31, 2021, respectively	`CommonStockValue`	$186.00K	USD	Point-in-time
Treasury stock, at cost: 19,434 and 18,987 shares at June 30, 2022, and December 31, 2021, respectively	`TreasuryStockValue`	$930.28M	USD	Point-in-time
Treasury stock, at cost: 19,434 and 18,987 shares at June 30, 2022, and December 31, 2021, respectively	`TreasuryStockValue`	$920.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.70B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.88B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.18B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.49B	USD	Point-in-time
Accumulated other comprehensive income (loss) (Note 15)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-329.11M	USD	Point-in-time
Accumulated other comprehensive income (loss) (Note 15)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$120.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.26B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.93B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.27B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.84B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net realized gains (losses) on investments sold or redeemed	`RealizedInvestmentGainsLosses`	$-4.32M	USD	2 Qtrs
Net realized gains (losses) on investments sold or redeemed	`RealizedInvestmentGainsLosses`	$4.27M	USD	1 Quarter
Net realized gains (losses) on investments sold or redeemed	`RealizedInvestmentGainsLosses`	$-3.99M	USD	1 Quarter
Net realized gains (losses) on investments sold or redeemed	`RealizedInvestmentGainsLosses`	$4.08M	USD	2 Qtrs
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$526.63M	USD	2 Qtrs
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$253.89M	USD	1 Quarter
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$254.76M	USD	1 Quarter
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$508.08M	USD	2 Qtrs
Services revenue (Note 4)	`ServicesRevenueNet`	$27.28M	USD	1 Quarter
Services revenue (Note 4)	`ServicesRevenueNet`	$52.36M	USD	2 Qtrs
Services revenue (Note 4)	`ServicesRevenueNet`	$56.63M	USD	2 Qtrs
Services revenue (Note 4)	`ServicesRevenueNet`	$29.46M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$74.54M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$36.29M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$46.96M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$85.15M	USD	2 Qtrs
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,992), $4,266, $(4,315) and $4,084) (Note 6)	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$15.66M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,992), $4,266, $(4,315) and $4,084) (Note 6)	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$-41.87M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,992), $4,266, $(4,315) and $4,084) (Note 6)	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$10.48M	USD	2 Qtrs
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,992), $4,266, $(4,315) and $4,084) (Note 6)	`NetGainsLossesonInvestmentsandOtherFinancialInstruments`	$-71.33M	USD	2 Qtrs
Other income	`OtherIncome`	$1.80M	USD	2 Qtrs
Other income	`OtherIncome`	$1.27M	USD	2 Qtrs
Other income	`OtherIncome`	$572.00K	USD	1 Quarter
Other income	`OtherIncome`	$822.00K	USD	1 Quarter
Total revenues	`Revenues`	$665.81M	USD	2 Qtrs
Total revenues	`Revenues`	$286.83M	USD	1 Quarter
Total revenues	`Revenues`	$579.81M	USD	2 Qtrs
Total revenues	`Revenues`	$336.99M	USD	1 Quarter
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$3.65M	USD	1 Quarter
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-197.68M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-113.92M	USD	1 Quarter
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$49.79M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$12.54M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$13.83M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$4.84M	USD	1 Quarter
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$5.94M	USD	1 Quarter
Cost of services	`CostOfServicesTitleInsurance`	$47.51M	USD	2 Qtrs
Cost of services	`CostOfServicesTitleInsurance`	$44.86M	USD	2 Qtrs
Cost of services	`CostOfServicesTitleInsurance`	$24.61M	USD	1 Quarter
Cost of services	`CostOfServicesTitleInsurance`	$22.76M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$90.50M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$180.04M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$86.47M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$156.73M	USD	2 Qtrs
Interest expense	`InterestExpense`	$41.68M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.07M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.18M	USD	2 Qtrs
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$1.70M	USD	2 Qtrs
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$1.73M	USD	2 Qtrs
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$863.00K	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$849.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$26.95M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$309.12M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$141.50M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$85.79M	USD	2 Qtrs
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$195.50M	USD	1 Quarter
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$356.69M	USD	2 Qtrs
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$494.02M	USD	2 Qtrs
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$259.88M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$40.29M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$111.70M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$75.87M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$58.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$201.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$382.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$155.21M	USD	1 Quarter
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$1.45	USD	2 Qtrs
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$2.18	USD	2 Qtrs
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$2.16	USD	2 Qtrs
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$1.15	USD	1 Quarter
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$1.44	USD	2 Qtrs
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Weighted-average number of common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	193.69M	shares	2 Qtrs
Weighted-average number of common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	173.71M	shares	1 Quarter
Weighted-average number of common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	193.44M	shares	1 Quarter
Weighted-average number of common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	175.49M	shares	2 Qtrs
Weighted-average number of common and common equivalent shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	175.42M	shares	1 Quarter
Weighted-average number of common and common equivalent shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	177.35M	shares	2 Qtrs
Weighted-average number of common and common equivalent shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	194.99M	shares	2 Qtrs
Weighted-average number of common and common equivalent shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	194.64M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$176.85M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$275.90M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$329.07M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$193.97M	USD	2 Qtrs
Trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$7.95M	USD	2 Qtrs
Trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	-	USD	2 Qtrs
Equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$5.77M	USD	2 Qtrs
Equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$4.44M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$619.26M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$477.66M	USD	2 Qtrs
Trading securities	`ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment`	$10.61M	USD	2 Qtrs
Trading securities	`ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment`	$45.52M	USD	2 Qtrs
Fixed-maturities available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$944.62M	USD	2 Qtrs
Fixed-maturities available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$906.02M	USD	2 Qtrs
Equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$61.23M	USD	2 Qtrs
Equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$9.11M	USD	2 Qtrs
Short-term investments, net	`PaymentsForProceedsFromShortTermInvestments`	$-213.09M	USD	2 Qtrs
Short-term investments, net	`PaymentsForProceedsFromShortTermInvestments`	$41.92M	USD	2 Qtrs
Other assets and other invested assets, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.04M	USD	2 Qtrs
Other assets and other invested assets, net	`PaymentsForProceedsFromOtherInvestingActivities`	$791.00K	USD	2 Qtrs
Additions to property and equipment	`PaymentsForProceedsFromProductiveAssets`	$4.99M	USD	2 Qtrs
Additions to property and equipment	`PaymentsForProceedsFromProductiveAssets`	$7.49M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$12.60M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-76.39M	USD	2 Qtrs
Dividends and dividend equivalents paid	`PaymentsOfDividendsCommonStock`	$52.04M	USD	2 Qtrs
Dividends and dividend equivalents paid	`PaymentsOfDividendsCommonStock`	$71.29M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.11M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$569.00K	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$186.91M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$98.69M	USD	2 Qtrs
Credit facility commitment fees paid	`ProceedsFromPaymentsForOtherFinancingActivities`	$-380.00K	USD	2 Qtrs
Credit facility commitment fees paid	`ProceedsFromPaymentsForOtherFinancingActivities`	$-471.00K	USD	2 Qtrs
Change in secured borrowings, net (with terms three months or less)	`IncreaseDecreaseInSecuritiesLendingPayable`	$46.60M	USD	2 Qtrs
Change in secured borrowings, net (with terms three months or less)	`IncreaseDecreaseInSecuritiesLendingPayable`	$4.35M	USD	2 Qtrs
Proceeds from secured borrowings (with terms greater than three months)	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$13.15M	USD	2 Qtrs
Proceeds from secured borrowings (with terms greater than three months)	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$32.00M	USD	2 Qtrs
Repayments of secured borrowings (with terms greater than three months)	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$42.00M	USD	2 Qtrs
Repayments of secured borrowings (with terms greater than three months)	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$8.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-206.25M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-155.74M	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$43.76M	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.80M	USD	2 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.15M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.91M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.82M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.62M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$94.15M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$137.91M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.82M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.62M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$4.26B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$3.93B	USD	Point-in-time
Net income	`NetIncomeLoss`	$201.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$382.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$155.21M	USD	1 Quarter
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-199.55M	USD	1 Quarter
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-84.87M	USD	2 Qtrs
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-449.28M	USD	2 Qtrs
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$62.12M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$4.26B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$3.93B	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$201.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$280.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$382.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$155.21M	USD	1 Quarter
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-82.89M	USD	2 Qtrs
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-453.96M	USD	2 Qtrs
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-202.66M	USD	1 Quarter
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$64.48M	USD	1 Quarter
Net realized gains (losses) on disposals and non-credit related impairment losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax`	$-4.67M	USD	2 Qtrs
Net realized gains (losses) on disposals and non-credit related impairment losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax`	$-3.11M	USD	1 Quarter
Net realized gains (losses) on disposals and non-credit related impairment losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax`	$1.88M	USD	1 Quarter
Net realized gains (losses) on disposals and non-credit related impairment losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax`	$1.25M	USD	2 Qtrs
Net decrease (increase) in expected credit losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	2 Qtrs
Net decrease (increase) in expected credit losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$480.00K	USD	1 Quarter
Net decrease (increase) in expected credit losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$725.00K	USD	2 Qtrs
Net decrease (increase) in expected credit losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	-	USD	1 Quarter
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-199.55M	USD	1 Quarter
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-84.87M	USD	2 Qtrs
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-449.28M	USD	2 Qtrs
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$62.12M	USD	1 Quarter
Other adjustments to comprehensive income (loss), net	`OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax`	-	USD	1 Quarter
Other adjustments to comprehensive income (loss), net	`OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax`	-	USD	2 Qtrs
Other adjustments to comprehensive income (loss), net	`OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax`	-	USD	1 Quarter
Other adjustments to comprehensive income (loss), net	`OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax`	$84.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-84.87M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-199.55M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-449.20M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$62.12M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$217.33M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.64M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$195.94M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-66.87M	USD	2 Qtrs

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