Radian group inc (RDN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10
ASSETS
Fixed-maturities held to maturityat amortized cost (fair value $0 and $351)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

1

2

2

2

4

7

8

10

Debt Securities, Available-for-sale

4,603

4,688

4,527

4,113

3,897

4,021

3,763

3,586

3,554

3,458

3,256

3,158

2,937

2,838

2,757

2,711

2,523

1,865

1,496

1,178

695

536

332

213

35

98

21

38

40

66

75

104

118

118

149

262

273

Trading securities—at fair value (amortized cost of $270,551 and $297,505)

287

317

329

337

383

469

493

535

563

606

636

708

811

879

969

1,123

1,209

1,279

1,414

1,466

1,574

1,633

2,691

2,728

2,238

3,250

3,722

3,963

4,094

4,145

4,228

4,168

4,211

4,482

4,445

4,640

4,562

Equity securities—at fair value (cost of $86,456 and $125,311)

74

130

121

149

125

130

121

122

111

162

161

176

1

1

1

0

0

75

0

0

143

143

144

137

129

121

115

123

112

112

108

111

128

163

193

194

184

Short-term investments—at fair value (includes $14,808 and $25,561 of reinvested cash collateral held under securities lending agreements)

638

518

552

909

1,066

528

645

626

435

415

491

538

686

741

835

800

735

1,076

1,460

1,649

1,194

1,300

1,656

1,649

935

1,423

1,332

1,367

777

780

705

1,145

1,261

1,055

1,130

1,224

1,537

Other invested assets—at fair value

4

4

2

2

3

3

3

3

3

0

0

0

0

1

1

1

1

1

3

13

13

14

122

128

22

129

117

127

126

133

134

60

61

62

62

61

59

Total investments

5,608

5,658

5,533

5,513

5,475

5,153

5,028

4,873

4,668

4,643

4,546

4,583

4,437

4,462

4,565

4,636

4,470

4,298

4,376

4,309

3,621

3,629

4,947

4,858

3,361

5,025

5,311

5,619

5,152

5,239

5,255

5,593

5,783

5,887

5,988

6,393

6,628

Cash

54

92

49

74

118

95

104

95

122

80

61

56

73

52

46

55

64

46

69

51

57

30

45

20

22

35

31

29

31

28

32

31

35

21

21

19

20

Restricted cash

7

3

2

5

9

11

9

9

7

15

36

25

12

9

10

9

10

13

10

12

14

14

13

22

22

22

23

23

24

24

26

26

27

27

28

29

31

Accounts and notes receivable

123

93

144

122

89

78

108

94

80

72

97

78

73

77

94

77

66

61

65

72

64

85

79

75

46

85

85

84

87

89

91

96

102

105

109

115

116

Property, Plant and Equipment, Net

-

-

-

-

-

-

38

90

87

-

88

-

-

-

-

-

-

-

-

-

-

-

19

12

-

9

6

7

7

6

7

10

11

11

15

12

13

Derivative assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

14

-

20

9

6

13

14

14

16

17

20

27

24

26

Deferred income taxes, net (Note 9)

-

-

0

6

67

131

134

171

253

229

356

389

369

411

401

444

518

577

601

651

649

700

0

0

17

17

17

17

0

15

15

15

15

19

27

27

27

Reinsurance recoverables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

31

-

57

65

78

89

94

103

122

157

166

179

218

244

Goodwill and other acquired intangible assets, net (Note 6)

27

28

52

54

56

58

55

59

61

64

66

69

273

276

279

282

286

289

287

290

293

288

296

-

2

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid reinsurance premium

356

363

374

385

408

417

413

405

390

386

239

235

230

229

229

229

228

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable for securities sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

52

-

54

-

504

-

-

-

Other Assets

513

567

513

430

373

367

415

430

426

407

439

377

357

343

422

332

325

313

349

349

356

357

395

402

379

387

398

396

374

353

354

339

333

304

352

319

323

Assets held for sale (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,755

1,736

-

-

1,768

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

6,690

6,808

6,670

6,592

6,599

6,314

6,269

6,139

6,010

5,900

5,844

5,817

5,827

5,863

6,049

6,067

5,969

5,642

5,760

5,736

6,813

6,842

5,932

5,528

5,621

5,758

6,054

6,370

5,903

6,041

6,031

6,448

6,656

7,246

6,928

7,351

7,620

Liabilities and Stockholders’ Equity
Unearned premiums

605

626

647

666

720

739

747

741

723

723

717

702

684

681

680

677

673

680

676

665

657

644

781

774

567

751

712

673

648

614

588

572

637

628

629

666

686

Liability for Claims and Claims Adjustment Expense

418

404

398

405

388

401

412

451

488

507

556

651

726

760

821

848

891

976

1,098

1,204

1,384

1,560

1,749

1,923

2,164

2,346

2,716

2,919

3,149

3,119

3,250

3,316

3,310

3,260

3,343

3,627

3,596

Senior notes (Note 11)

887

887

886

982

1,031

1,030

1,029

1,028

1,027

1,027

1,026

989

1,008

1,069

1,067

1,278

1,286

1,219

1,230

1,224

1,218

1,192

1,192

938

930

921

913

906

663

659

666

674

818

814

811

968

964

FHLB advances (Note 12)

173

134

104

106

-

82

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reserve for premium deficiency (PDR)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

4

3

-

5

4

3

3

4

6

9

10

Reinsurance funds withheld

302

291

352

339

329

321

352

331

305

288

194

180

167

158

177

163

151

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

VIE debtat fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

95

-

104

106

107

108

109

107

255

228

273

393

373

520

Derivative liabilities (including VIE derivative liabilities of $52,186 and $68,457)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

257

-

344

350

430

266

267

219

202

126

188

313

487

723

Other liabilities

438

414

358

308

419

251

379

385

412

353

360

379

319

321

413

294

306

269

311

278

310

326

330

392

377

-

-

-

328

-

-

-

-

-

-

-

-

Liabilities held for sale (Note 3)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

966

947

-

-

642

-

-

-

-

-

-

-

-

-

-

-

-

Payable for securities purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

-

-

3

105

-

532

-

-

-

Accounts payable and accrued expenses (including VIE accounts payable of $285 and $366)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

392

346

362

-

350

289

299

349

254

301

247

258

Total liabilities

2,825

2,759

2,748

2,808

2,889

2,825

2,922

2,938

2,957

2,900

2,856

2,902

2,906

2,990

3,161

3,261

3,308

3,145

3,317

3,374

4,537

4,670

4,348

4,382

4,682

4,864

5,151

5,439

5,166

5,126

5,130

5,429

5,474

5,957

5,799

6,378

6,761

Commitments and contingencies (Note 12)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

Equity component of currently redeemable convertible senior notes (Note 11)

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

7

8

68

74

-

91

0

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity
Common stock: par value $0.001 per share; 485,000 shares authorized at March 31, 2020 and December 31, 2019; 208,364 and 219,123 shares issued at March 31, 2020 and December 31, 2019, respectively; 190,387 and 201,164 shares outstanding at March 31, 2020 and December 31, 2019, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Treasury stock, at cost: 17,977 and 17,959 shares at March 31, 2020 and December 31, 2019, respectively

902

901

901

901

895

894

894

894

894

893

893

893

893

893

893

893

893

893

893

893

893

892

892

892

892

892

892

892

892

892

892

892

892

892

892

892

892

Additional paid-in capital

2,231

2,449

2,469

2,539

2,697

2,724

2,720

2,715

2,748

2,754

2,747

2,743

2,743

2,779

2,778

2,781

2,773

2,716

2,718

2,709

2,541

2,531

2,600

2,256

2,347

2,346

2,346

2,342

1,967

1,967

1,966

1,965

1,966

1,966

1,965

1,963

1,963

Retained earnings

2,504

2,389

2,229

2,056

1,889

1,719

1,580

1,438

1,229

1,116

1,110

1,045

1,073

997

937

855

757

691

617

548

498

406

-174

-349

-552

-588

-575

-542

-355

-177

-192

-73

96

218

34

-101

-204

Accumulated other comprehensive income (loss) (Note 14)

29

110

125

88

17

-60

-59

-57

-31

23

24

18

-3

-12

65

62

22

-18

-7

-11

59

51

51

41

37

29

24

23

16

17

18

19

11

-4

20

3

-6

Stockholders' Equity Attributable to Parent

3,864

4,048

3,922

3,783

3,710

3,488

3,347

3,201

3,052

3,000

2,988

2,914

2,920

2,872

2,888

2,805

2,660

2,496

2,435

2,353

2,206

2,097

1,584

1,055

939

894

902

931

736

915

900

1,019

1,182

1,288

1,129

972

859

Total liabilities and stockholders’ equity

6,690

6,808

6,670

6,592

6,599

6,314

6,269

6,139

6,010

5,900

5,844

5,817

5,827

5,863

6,049

6,067

5,969

5,642

5,760

5,736

6,813

6,842

5,932

5,528

5,621

5,758

6,054

6,370

5,903

6,041

6,031

6,448

6,656

7,246

6,928

7,351

7,620

Deferred policy acquisition costs

-

-

-

-

-

-

16

16

16

-

15

-

-

-

-

-

-

-

-

-

-

-

60

63

-

68

70

74

88

91

99

107

139

138

138

145

148

Accrued Investment Income Receivable

-

-

-

-

-

-

34

33

33

-

31

-

-

-

-

-

-

-

-

-

-

-

27

27

-

28

33

32

34

30

31

34

32

38

39

45

40