10-Q Filing

RADIAN GROUP INC CIK: 890926 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000890926-23-000052`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	rdn-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 84 Cash Flow Statement 50 Stockholders Equity 14 Comprehensive Income 28

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Fixed-maturities available for sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$5.69B	USD	Point-in-time
Fixed-maturities available for sale, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$5.59B	USD	Point-in-time
Trading securities amortized cost	`TradingSecuritiesDebtAmortizedCost`	$111.23M	USD	Point-in-time
Trading securities amortized cost	`TradingSecuritiesDebtAmortizedCost`	$122.47M	USD	Point-in-time
Fixed-maturities available for saleat fair value (amortized cost of $5,685,122 and $5,587,261)	`AvailableForSaleSecuritiesDebtSecurities`	$5.16B	USD	Point-in-time
Fixed-maturities available for saleat fair value (amortized cost of $5,685,122 and $5,587,261)	`AvailableForSaleSecuritiesDebtSecurities`	$5.02B	USD	Point-in-time
Equity securities, cost	`EquitySecuritiesFvNiCost`	$162.90M	USD	Point-in-time
Equity securities, cost	`EquitySecuritiesFvNiCost`	$141.93M	USD	Point-in-time
Trading securitiesat fair value (amortized cost of $111,226 and $122,472)	`TradingSecuritiesDebt`	$105.93M	USD	Point-in-time
Reinvested cash collateral held under securities lending agreements	`ReinvestedCashCollateralHeldUnderSecuritiesLendingAgreements`	$72.02M	USD	Point-in-time
Trading securitiesat fair value (amortized cost of $111,226 and $122,472)	`TradingSecuritiesDebt`	$115.67M	USD	Point-in-time
Reinvested cash collateral held under securities lending agreements	`ReinvestedCashCollateralHeldUnderSecuritiesLendingAgreements`	$99.73M	USD	Point-in-time
Equity securitiesat fair value (cost of $141,929 and $162,899)	`EquitySecuritiesFvNi`	$133.11M	USD	Point-in-time
Reinsurance recoverables, paid losses	`ReinsuranceRecoverablesPaidLosses`	$18.00K	USD	Point-in-time
Equity securitiesat fair value (cost of $141,929 and $162,899)	`EquitySecuritiesFvNi`	$148.97M	USD	Point-in-time
Reinsurance recoverables, paid losses	`ReinsuranceRecoverablesPaidLosses`	$18.00K	USD	Point-in-time
Common stock, par or stated value per share (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par or stated value per share (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Mortgage loans held for saleat fair value	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$59.25M	USD	Point-in-time
Mortgage loans held for saleat fair value	`MortgageLoansOnRealEstateCommercialAndConsumerNet`	$3.55M	USD	Point-in-time
Other invested assetsat fair value	`OtherInvestments`	$5.76M	USD	Point-in-time
Other invested assetsat fair value	`OtherInvestments`	$5.51M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	485.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	485.00M	shares	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	177.39M	shares	Point-in-time
Short-term investmentsat fair value (includes $72,023 and $99,735 of reinvested cash collateral held under securities lending agreements)	`OtherShortTermInvestments`	$435.93M	USD	Point-in-time
Short-term investmentsat fair value (includes $72,023 and $99,735 of reinvested cash collateral held under securities lending agreements)	`OtherShortTermInvestments`	$402.09M	USD	Point-in-time
Common stock, shares, issued (in shares)	`CommonStockSharesIssued`	176.51M	shares	Point-in-time
Total investments	`Investments`	$5.69B	USD	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	157.35M	shares	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	175.42M	shares	Point-in-time
Common stock, shares, outstanding (in shares)	`CommonStockSharesOutstanding`	157.06M	shares	Point-in-time
Total investments	`Investments`	$5.90B	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.14M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$56.18M	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	20.04M	shares	Point-in-time
Treasury stock (in shares)	`TreasuryStockCommonShares`	19.45M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$377.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$1.32M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncome`	$42.65M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncome`	$40.09M	USD	Point-in-time
Accounts and notes receivable	`AccountsReceivableNet`	$138.43M	USD	Point-in-time
Accounts and notes receivable	`AccountsReceivableNet`	$119.83M	USD	Point-in-time
Reinsurance recoverables (includes $18 and $18 for paid losses)	`ReinsuranceRecoverables`	$22.98M	USD	Point-in-time
Reinsurance recoverables (includes $18 and $18 for paid losses)	`ReinsuranceRecoverables`	$25.63M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$19.27M	USD	Point-in-time
Deferred policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$18.46M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.89M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$70.98M	USD	Point-in-time
Goodwill and other acquired intangible assets, net (Note 7)	`IntangibleAssetsNetIncludingGoodwill`	$12.54M	USD	Point-in-time
Goodwill and other acquired intangible assets, net (Note 7)	`IntangibleAssetsNetIncludingGoodwill`	$15.29M	USD	Point-in-time
Prepaid federal income taxes (Note 10)	`PrepaidTaxes`	$663.32M	USD	Point-in-time
Prepaid federal income taxes (Note 10)	`PrepaidTaxes`	$596.37M	USD	Point-in-time
Other assets (Note 9)	`OtherAssets`	$427.02M	USD	Point-in-time
Other assets (Note 9)	`OtherAssets`	$375.13M	USD	Point-in-time
Total assets	`Assets`	$7.06B	USD	Point-in-time
Total assets	`Assets`	$7.31B	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$271.48M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$246.67M	USD	Point-in-time
Reserve for losses and LAE (Note 11)	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$379.43M	USD	Point-in-time
Reserve for losses and LAE (Note 11)	`LiabilityForClaimsAndClaimsAdjustmentExpense`	$426.84M	USD	Point-in-time
Senior notes (Note 12)	`SeniorNotes`	$1.41B	USD	Point-in-time
Senior notes (Note 12)	`SeniorNotes`	$1.42B	USD	Point-in-time
Secured borrowings (Note 12)	`OtherBorrowings`	$155.82M	USD	Point-in-time
Secured borrowings (Note 12)	`OtherBorrowings`	$178.76M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$152.07M	USD	Point-in-time
Reinsurance funds withheld	`FundsHeldUnderReinsuranceAgreementsLiability`	$154.35M	USD	Point-in-time
Net deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$479.75M	USD	Point-in-time
Net deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$391.08M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$281.13M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$333.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.14B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.14B	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 ($0.001 par value; 485,000 shares authorized; 2023: 177,386 and 157,350 shares issued and outstanding, respectively; 2022: 176,509 and 157,056 shares issued and outstanding, respectively)	`CommonStockValueOutstanding`	$177.00K	USD	Point-in-time
Common stock ($0.001 par value; 485,000 shares authorized; 2023: 177,386 and 157,350 shares issued and outstanding, respectively; 2022: 176,509 and 157,056 shares issued and outstanding, respectively)	`CommonStockValueOutstanding`	$176.00K	USD	Point-in-time
Treasury stock, at cost (2023: 20,036 shares; 2022: 19,453 shares)	`TreasuryStockValue`	$945.03M	USD	Point-in-time
Treasury stock, at cost (2023: 20,036 shares; 2022: 19,453 shares)	`TreasuryStockValue`	$930.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.52B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.52B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.02B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.79B	USD	Point-in-time
Accumulated other comprehensive income (loss) (Note 15)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-456.80M	USD	Point-in-time
Accumulated other comprehensive income (loss) (Note 15)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-423.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$4.17B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.92B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.93B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.06B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$7.31B	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`	$-3.35M	USD	1 Quarter
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`	$-3.99M	USD	1 Quarter
Net realized gains (losses) on investments sold or redeemed	`RealizedInvestmentGainsLosses`	$-8.86M	USD	2 Qtrs
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$446.67M	USD	2 Qtrs
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$508.08M	USD	2 Qtrs
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$213.43M	USD	1 Quarter
Net premiums earned (Note 8)	`PremiumsEarnedNet`	$253.89M	USD	1 Quarter
Services revenue (Note 4)	`ServicesRevenueNet`	$27.28M	USD	1 Quarter
Services revenue (Note 4)	`ServicesRevenueNet`	$56.63M	USD	2 Qtrs
Services revenue (Note 4)	`ServicesRevenueNet`	$11.80M	USD	1 Quarter
Services revenue (Note 4)	`ServicesRevenueNet`	$22.78M	USD	2 Qtrs
Net investment income	`NetInvestmentIncome`	$64.18M	USD	1 Quarter
Net investment income	`NetInvestmentIncome`	$123.40M	USD	2 Qtrs
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 $(3,351), $(3,992), $(8,856) and $(4,315)) (Note 6)	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-71.33M	USD	2 Qtrs
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,351), $(3,992), $(8,856) and $(4,315)) (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 $(3,351), $(3,992), $(8,856) and $(4,315)) (Note 6)	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-236.00K	USD	1 Quarter
Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,351), $(3,992), $(8,856) and $(4,315)) (Note 6)	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$5.35M	USD	2 Qtrs
Other income	`OtherIncome`	$2.83M	USD	2 Qtrs
Other income	`OtherIncome`	$1.27M	USD	2 Qtrs
Other income	`OtherIncome`	$1.24M	USD	1 Quarter
Other income	`OtherIncome`	$572.00K	USD	1 Quarter
Total revenues	`Revenues`	$286.83M	USD	1 Quarter
Total revenues	`Revenues`	$601.03M	USD	2 Qtrs
Total revenues	`Revenues`	$290.41M	USD	1 Quarter
Total revenues	`Revenues`	$579.81M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-197.68M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-113.92M	USD	1 Quarter
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-38.56M	USD	2 Qtrs
Provision for losses	`PolicyholderBenefitsAndClaimsIncurredNet`	$-21.63M	USD	1 Quarter
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$5.22M	USD	1 Quarter
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$11.51M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$12.54M	USD	2 Qtrs
Policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$5.94M	USD	1 Quarter
Cost of services	`CostOfServicesTitleInsurance`	$47.51M	USD	2 Qtrs
Cost of services	`CostOfServicesTitleInsurance`	$10.26M	USD	1 Quarter
Cost of services	`CostOfServicesTitleInsurance`	$22.76M	USD	1 Quarter
Cost of services	`CostOfServicesTitleInsurance`	$20.66M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$180.04M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$90.50M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$89.89M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$173.15M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$41.68M	USD	2 Qtrs
Interest expense	`InterestExpense`	$22.64M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.85M	USD	2 Qtrs
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$1.37M	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$2.74M	USD	2 Qtrs
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$1.70M	USD	2 Qtrs
Amortization of other acquired intangible assets	`AmortizationOfIntangibleAssets`	$849.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$85.79M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$214.35M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$26.95M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$107.74M	USD	1 Quarter
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$182.68M	USD	1 Quarter
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$259.88M	USD	1 Quarter
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$494.02M	USD	2 Qtrs
Pretax income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$386.69M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$36.59M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$58.69M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$111.70M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$82.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$146.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$382.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$201.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$303.84M	USD	2 Qtrs
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Basic net income per share (in usd per share)	`EarningsPerShareBasic`	$1.16	USD	1 Quarter
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`	$1.91	USD	2 Qtrs
Diluted net income per share (in usd per share)	`EarningsPerShareDiluted`	$0.91	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`	$1.89	USD	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`	175.49M	shares	2 Qtrs
Weighted average number of common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	159.01M	shares	1 Quarter
Weighted average number of common shares outstandingbasic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	159.25M	shares	2 Qtrs
Weighted average number of common and common equivalent shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	160.74M	shares	1 Quarter
Weighted average number of common and common equivalent shares outstandingdiluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	161.13M	shares	2 Qtrs
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`	175.42M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$189.25M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$176.85M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$230.08M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$193.97M	USD	2 Qtrs
Trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	-	USD	2 Qtrs
Trading securities	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$9.12M	USD	2 Qtrs
Equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$5.77M	USD	2 Qtrs
Equity securities	`ProceedsFromSaleOfEquitySecuritiesFvNi`	$45.30M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$250.76M	USD	2 Qtrs
Fixed-maturities available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$477.66M	USD	2 Qtrs
Trading securities	`ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment`	$45.52M	USD	2 Qtrs
Trading securities	`ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment`	$1.31M	USD	2 Qtrs
Fixed-maturities available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$581.43M	USD	2 Qtrs
Fixed-maturities available for sale	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$906.02M	USD	2 Qtrs
Equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$9.11M	USD	2 Qtrs
Equity securities	`PaymentsToAcquireEquitySecuritiesFvNi`	$4.43M	USD	2 Qtrs
Short-term investments, net	`PaymentsForProceedsFromShortTermInvestments`	$-213.09M	USD	2 Qtrs
Short-term investments, net	`PaymentsForProceedsFromShortTermInvestments`	$30.44M	USD	2 Qtrs
Other assets and other invested assets, net	`PaymentsForProceedsFromOtherInvestingActivities`	$195.00K	USD	2 Qtrs
Other assets and other invested assets, net	`PaymentsForProceedsFromOtherInvestingActivities`	$791.00K	USD	2 Qtrs
Additions to property and equipment	`PaymentsForProceedsFromProductiveAssets`	$7.49M	USD	2 Qtrs
Additions to property and equipment	`PaymentsForProceedsFromProductiveAssets`	$10.11M	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`	$-90.03M	USD	2 Qtrs
Dividends and dividend equivalents paid	`PaymentsOfDividendsCommonStock`	$75.20M	USD	2 Qtrs
Dividends and dividend equivalents paid	`PaymentsOfDividendsCommonStock`	$71.29M	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$569.00K	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.51M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$20.01M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$186.91M	USD	2 Qtrs
Credit facility commitment fees paid	`ProceedsFromPaymentsForOtherFinancingActivities`	$-474.00K	USD	2 Qtrs
Credit facility commitment fees paid	`ProceedsFromPaymentsForOtherFinancingActivities`	$-380.00K	USD	2 Qtrs
Change in secured borrowings, net (with terms three months or less)	`IncreaseDecreaseInSecuritiesLendingPayable`	$-12.63M	USD	2 Qtrs
Change in secured borrowings, net (with terms three months or less)	`IncreaseDecreaseInSecuritiesLendingPayable`	$46.60M	USD	2 Qtrs
Proceeds from secured borrowings (with terms greater than three months)	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$54.58M	USD	2 Qtrs
Proceeds from secured borrowings (with terms greater than three months)	`ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths`	$13.15M	USD	2 Qtrs
Repayments of secured borrowings (with terms greater than three months)	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$8.00M	USD	2 Qtrs
Repayments of secured borrowings (with terms greater than three months)	`RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths`	$41.09M	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`	$-93.32M	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$5.90M	USD	2 Qtrs
Increase (decrease) in cash and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-16.80M	USD	2 Qtrs
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.82M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.56M	USD	Point-in-time
Cash and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.46M	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`	$135.82M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.56M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.46M	USD	Point-in-time
Cash and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$152.62M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$4.17B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$3.92B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$3.93B	USD	Point-in-time
Net income	`NetIncomeLoss`	$146.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$382.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$201.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$303.84M	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`	$32.93M	USD	2 Qtrs
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-37.05M	USD	1 Quarter
Net unrealized gains (losses) on investments, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-199.55M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$4.17B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$3.92B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$3.93B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$146.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$382.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$201.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$303.84M	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`	$-41.12M	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`	$-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`	$24.73M	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
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`	$-4.07M	USD	1 Quarter
Net realized gains (losses) on disposals and non-credit related impairment losses	`OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax`	$-8.21M	USD	2 Qtrs
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-449.28M	USD	2 Qtrs
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$32.93M	USD	2 Qtrs
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-37.05M	USD	1 Quarter
Net unrealized gains (losses) on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-199.55M	USD	1 Quarter
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 adjustments to comprehensive income (loss), net	`OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax`	-	USD	1 Quarter
Other adjustments to comprehensive income (loss), net	`OtherAdjustmentsToOtherComprehensiveIncomeNetOfTax`	$179.00K	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-449.20M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$33.11M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-199.55M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-37.05M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$1.64M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$336.96M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-66.87M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$109.03M	USD	1 Quarter

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