10-Q Filing

MGIC INVESTMENT CORP CIK: 876437 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000876437-23-000050`
Period End Date	20230630
Filing Date	20230802
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	mtg-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 92 Cash Flow Statement 78 Stockholders Equity 15 Comprehensive Income 20

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Fixed maturities, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$5.93B	USD	Point-in-time
Fixed maturities, amortized cost	`AvailableForSaleDebtSecuritiesAmortizedCostBasis`	$6.06B	USD	Point-in-time
Cost	`EquitySecuritiesFvNiCost`	$15.97M	USD	Point-in-time
Cost	`EquitySecuritiesFvNiCost`	$15.92M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Fixed income, available-for-sale, at fair value (amortized cost 2023 - $6,056,298; 2022 - $5,926,785)	`AvailableForSaleSecuritiesDebtSecurities`	$5.41B	USD	Point-in-time
Fixed income, available-for-sale, at fair value (amortized cost 2023 - $6,056,298; 2022 - $5,926,785)	`AvailableForSaleSecuritiesDebtSecurities`	$5.60B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Equity securities, at fair value (cost 2023 - $15,972; 2022 - $15,924)	`EquitySecuritiesFvNi`	$14.38M	USD	Point-in-time
Equity securities, at fair value (cost 2023 - $15,972; 2022 - $15,924)	`EquitySecuritiesFvNi`	$14.14M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	371.35M	shares	Point-in-time
Other invested assets, at cost	`OtherInvestments`	$850.00K	USD	Point-in-time
Other invested assets, at cost	`OtherInvestments`	$850.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	371.35M	shares	Point-in-time
Total investment portfolio	`Investments`	$5.62B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	283.42M	shares	Point-in-time
Total investment portfolio	`Investments`	$5.42B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	293.43M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockCommonShares`	77.92M	shares	Point-in-time
Treasury stock at cost (in shares)	`TreasuryStockCommonShares`	87.94M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$327.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$310.72M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalents`	$6.00M	USD	Point-in-time
Restricted cash and cash equivalents	`RestrictedCashAndCashEquivalents`	$5.53M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$55.17M	USD	Point-in-time
Accrued investment income	`AccruedInvestmentIncomeReceivable`	$55.18M	USD	Point-in-time
Reinsurance recoverable on loss reserves	`ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments`	$66.91M	USD	Point-in-time
Reinsurance recoverable on loss reserves	`ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments`	$53.96M	USD	Point-in-time
Reinsurance recoverable on loss reserves	`ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments`	$28.24M	USD	Point-in-time
Reinsurance recoverable on loss reserves	`ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments`	$34.48M	USD	Point-in-time
Reinsurance recoverable on paid losses	`ReinsuranceRecoverablesOnPaidLosses`	$240.00K	USD	Point-in-time
Reinsurance recoverable on paid losses	`ReinsuranceRecoverablesOnPaidLosses`	$18.08M	USD	Point-in-time
Premiums receivable	`PremiumsReceivableAtCarryingValue`	$58.00M	USD	Point-in-time
Premiums receivable	`PremiumsReceivableAtCarryingValue`	$57.07M	USD	Point-in-time
Home office and equipment, net	`PropertyPlantAndEquipmentNet`	$39.70M	USD	Point-in-time
Home office and equipment, net	`PropertyPlantAndEquipmentNet`	$41.42M	USD	Point-in-time
Deferred insurance policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$16.90M	USD	Point-in-time
Deferred insurance policy acquisition costs	`DeferredPolicyAcquisitionCosts`	$19.06M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$110.78M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxAssetsNet`	$124.77M	USD	Point-in-time
Other assets	`OtherAssets`	$104.12M	USD	Point-in-time
Other assets	`OtherAssets`	$111.44M	USD	Point-in-time
Total assets	`Assets`	$6.21B	USD	Point-in-time
Total assets	`Assets`	$6.35B	USD	Point-in-time
Loss reserves	`LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability`	$530.68M	USD	Point-in-time
Loss reserves	`LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability`	$557.99M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$195.29M	USD	Point-in-time
Unearned premiums	`UnearnedPremiums`	$171.88M	USD	Point-in-time
Senior notes	`SeniorNotes`	$642.46M	USD	Point-in-time
Senior notes	`SeniorNotes`	$641.72M	USD	Point-in-time
Convertible junior subordinated debentures	`ConvertibleSubordinatedDebt`	$21.09M	USD	Point-in-time
Convertible junior subordinated debentures	`ConvertibleSubordinatedDebt`	$21.09M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$154.97M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$143.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.57B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.51B	USD	Point-in-time
Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$371.35M	USD	Point-in-time
Common stock	`CommonStockValue`	$371.35M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.80B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.80B	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$1.05B	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$1.19B	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-481.51M	USD	Point-in-time
Accumulated other comprehensive income (loss), net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-424.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.00B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.29B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.84B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.64B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.57B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$6.35B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$6.21B	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Direct	`DirectPremiumsWritten`	$273.08M	USD	1 Quarter
Direct	`DirectPremiumsWritten`	$276.54M	USD	1 Quarter
Direct	`DirectPremiumsWritten`	$551.33M	USD	2 Qtrs
Direct	`DirectPremiumsWritten`	$547.33M	USD	2 Qtrs
Assumed	`AssumedPremiumsWritten`	$3.02M	USD	1 Quarter
Assumed	`AssumedPremiumsWritten`	$5.77M	USD	2 Qtrs
Assumed	`AssumedPremiumsWritten`	$4.09M	USD	2 Qtrs
Assumed	`AssumedPremiumsWritten`	$2.06M	USD	1 Quarter
Ceded	`CededPremiumsWritten`	$34.27M	USD	1 Quarter
Ceded	`CededPremiumsWritten`	$68.43M	USD	2 Qtrs
Ceded	`CededPremiumsWritten`	$91.68M	USD	2 Qtrs
Ceded	`CededPremiumsWritten`	$44.87M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$461.42M	USD	2 Qtrs
Net premiums written	`PremiumsWrittenNet`	$244.32M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$231.22M	USD	1 Quarter
Net premiums written	`PremiumsWrittenNet`	$486.99M	USD	2 Qtrs
Decrease in unearned premiums, net	`IncreaseDecreaseInUnearnedPremiumsNet`	$11.38M	USD	1 Quarter
Decrease in unearned premiums, net	`IncreaseDecreaseInUnearnedPremiumsNet`	$23.95M	USD	2 Qtrs
Decrease in unearned premiums, net	`IncreaseDecreaseInUnearnedPremiumsNet`	$11.59M	USD	1 Quarter
Decrease in unearned premiums, net	`IncreaseDecreaseInUnearnedPremiumsNet`	$23.41M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$255.70M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$484.83M	USD	2 Qtrs
Net premiums earned	`PremiumsEarnedNet`	$242.81M	USD	1 Quarter
Net premiums earned	`PremiumsEarnedNet`	$510.94M	USD	2 Qtrs
Investment income, net of expenses	`NetInvestmentIncome`	$78.57M	USD	2 Qtrs
Investment income, net of expenses	`NetInvestmentIncome`	$52.34M	USD	1 Quarter
Investment income, net of expenses	`NetInvestmentIncome`	$101.56M	USD	2 Qtrs
Investment income, net of expenses	`NetInvestmentIncome`	$40.30M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-5.52M	USD	2 Qtrs
Net gains (losses) on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-4.75M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-4.99M	USD	1 Quarter
Net gains (losses) on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-12.69M	USD	2 Qtrs
Other revenue	`OtherIncome`	$511.00K	USD	1 Quarter
Other revenue	`OtherIncome`	$1.86M	USD	1 Quarter
Other revenue	`OtherIncome`	$936.00K	USD	2 Qtrs
Other revenue	`OtherIncome`	$3.75M	USD	2 Qtrs
Total revenues	`Revenues`	$587.73M	USD	2 Qtrs
Total revenues	`Revenues`	$574.64M	USD	2 Qtrs
Total revenues	`Revenues`	$293.12M	USD	1 Quarter
Total revenues	`Revenues`	$290.68M	USD	1 Quarter
Losses incurred, net	`PolicyholderBenefitsAndClaimsIncurredNet`	$-99.06M	USD	1 Quarter
Losses incurred, net	`PolicyholderBenefitsAndClaimsIncurredNet`	$-118.37M	USD	2 Qtrs
Losses incurred, net	`PolicyholderBenefitsAndClaimsIncurredNet`	$-11.24M	USD	2 Qtrs
Losses incurred, net	`PolicyholderBenefitsAndClaimsIncurredNet`	$-17.69M	USD	1 Quarter
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$5.09M	USD	2 Qtrs
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$2.98M	USD	1 Quarter
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$5.72M	USD	2 Qtrs
Amortization of deferred policy acquisition costs	`DeferredPolicyAcquisitionCostAmortizationExpense`	$2.61M	USD	1 Quarter
Other underwriting and operating expenses, net	`OtherUnderwritingExpense`	$108.18M	USD	2 Qtrs
Other underwriting and operating expenses, net	`OtherUnderwritingExpense`	$54.00M	USD	1 Quarter
Other underwriting and operating expenses, net	`OtherUnderwritingExpense`	$53.45M	USD	1 Quarter
Other underwriting and operating expenses, net	`OtherUnderwritingExpense`	$124.06M	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-6.39M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-28.50M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$18.75M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$9.38M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$28.37M	USD	2 Qtrs
Interest expense	`InterestExpenseDebt`	$13.46M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$-22.77M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$48.29M	USD	1 Quarter
Total losses and expenses	`BenefitsLossesAndExpenses`	$52.40M	USD	2 Qtrs
Total losses and expenses	`BenefitsLossesAndExpenses`	$136.65M	USD	2 Qtrs
Income before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$437.99M	USD	2 Qtrs
Income before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$535.33M	USD	2 Qtrs
Income before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$242.38M	USD	1 Quarter
Income before tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$315.89M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$51.33M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$92.39M	USD	2 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	$66.62M	USD	1 Quarter
Provision for income tax	`IncomeTaxExpenseBenefit`	$111.05M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$345.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$424.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$249.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$191.05M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.20	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.36	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.81	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.34	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.19	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	288.43M	shares	2 Qtrs
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	285.91M	shares	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	308.84M	shares	1 Quarter
Weighted average common shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	312.39M	shares	2 Qtrs
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	289.57M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	319.01M	shares	2 Qtrs
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	313.55M	shares	1 Quarter
Weighted average common shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	292.12M	shares	2 Qtrs

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$345.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$424.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$249.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$191.05M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$19.37M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$29.52M	USD	2 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-1.06M	USD	2 Qtrs
Deferred tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$3.38M	USD	2 Qtrs
Equity compensation	`ShareBasedCompensation`	$17.51M	USD	2 Qtrs
Equity compensation	`ShareBasedCompensation`	$14.34M	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-6.39M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-28.50M	USD	2 Qtrs
Net (gains) losses on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-5.52M	USD	2 Qtrs
Net (gains) losses on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-4.75M	USD	1 Quarter
Net (gains) losses on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-4.99M	USD	1 Quarter
Net (gains) losses on investments and other financial instruments	`NetGainsLossesOnInvestmentsAndOtherFinancialInstruments`	$-12.69M	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$-267.00K	USD	2 Qtrs
Accrued investment income	`IncreaseDecreaseInAccruedInvestmentIncomeReceivable`	$-12.00K	USD	2 Qtrs
Reinsurance recoverable on loss reserves	`IncreaseDecreaseInReinsuranceRecoverable`	$-12.95M	USD	2 Qtrs
Reinsurance recoverable on loss reserves	`IncreaseDecreaseInReinsuranceRecoverable`	$6.24M	USD	2 Qtrs
Reinsurance recoverable on paid losses	`IncreaseDecreaseInReinsuranceRecoverableOnPaidLosses`	$35.97M	USD	2 Qtrs
Reinsurance recoverable on paid losses	`IncreaseDecreaseInReinsuranceRecoverableOnPaidLosses`	$17.84M	USD	2 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$-934.00K	USD	2 Qtrs
Premium receivable	`IncreaseDecreaseInPremiumsReceivable`	$1.01M	USD	2 Qtrs
Deferred insurance policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$-2.16M	USD	2 Qtrs
Deferred insurance policy acquisition costs	`IncreaseDecreaseInDeferredPolicyAcquisitionCosts`	$-668.00K	USD	2 Qtrs
Profit commission receivable	`IncreaseDecreaseInProfitCommissionReceivable`	$3.05M	USD	2 Qtrs
Profit commission receivable	`IncreaseDecreaseInProfitCommissionReceivable`	$-6.23M	USD	2 Qtrs
Loss reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-156.34M	USD	2 Qtrs
Loss reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-27.31M	USD	2 Qtrs
Unearned premiums	`IncreaseDecreaseInUnearnedPremiums`	$-23.41M	USD	2 Qtrs
Unearned premiums	`IncreaseDecreaseInUnearnedPremiums`	$-23.95M	USD	2 Qtrs
Return premium accrual	`IncreaseDecreaseInOtherInsuranceLiabilities`	$-2.30M	USD	2 Qtrs
Return premium accrual	`IncreaseDecreaseInOtherInsuranceLiabilities`	$-4.50M	USD	2 Qtrs
Current income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$7.85M	USD	2 Qtrs
Current income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$22.83M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.93M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$27.68M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$356.95M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$361.68M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$830.77M	USD	2 Qtrs
Purchases of investments	`PaymentsToAcquireInvestments`	$375.75M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$266.37M	USD	2 Qtrs
Proceeds from sales of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$269.73M	USD	2 Qtrs
Proceeds from maturity of fixed income securities	`ProceedsFromMaturityOfFixedIncomeSecurities`	$404.55M	USD	2 Qtrs
Proceeds from maturity of fixed income securities	`ProceedsFromMaturityOfFixedIncomeSecurities`	$401.11M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$142.00K	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$671.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-157.03M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$289.59M	USD	2 Qtrs
Purchase of convertible junior subordinated debentures	`EarlyRepaymentOfSubordinatedDebt`	-	USD	2 Qtrs
Purchase of convertible junior subordinated debentures	`EarlyRepaymentOfSubordinatedDebt`	$74.86M	USD	2 Qtrs
Repayment of FHLB Advance	`RepaymentsOfFederalHomeLoanBankBorrowings`	-	USD	2 Qtrs
Repayment of FHLB Advance	`RepaymentsOfFederalHomeLoanBankBorrowings`	$155.00M	USD	2 Qtrs
Cash portion of loss on debt extinguishment	`GainLossOnDebtExtinghuishmentCashPortion`	$28.50M	USD	2 Qtrs
Cash portion of loss on debt extinguishment	`GainLossOnDebtExtinghuishmentCashPortion`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$150.19M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$219.07M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$58.72M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$50.84M	USD	2 Qtrs
Payment of withholding taxes related to share-based compensation net share settlement	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.69M	USD	2 Qtrs
Payment of withholding taxes related to share-based compensation net share settlement	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.20M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-216.11M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-536.96M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-16.19M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$114.30M	USD	2 Qtrs
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$304.96M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$316.72M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$332.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$419.26M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$304.96M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$316.72M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$332.91M	USD	Point-in-time
Cash and cash equivalents and restricted cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$419.26M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$4.84B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$4.64B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$4.57B	USD	Point-in-time
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-445.44M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-29.39M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$56.62M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-174.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$345.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$424.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$249.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$191.05M	USD	1 Quarter
Cash dividends	`DividendsCash`	$58.80M	USD	2 Qtrs
Balance, end of period	`StockholdersEquity`	$4.84B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$4.64B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$4.57B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$345.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$424.28M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$249.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$191.05M	USD	1 Quarter
Change in unrealized investment gains and losses	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$50.42M	USD	2 Qtrs
Change in unrealized investment gains and losses	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-175.38M	USD	1 Quarter
Change in unrealized investment gains and losses	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-30.23M	USD	1 Quarter
Change in unrealized investment gains and losses	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-446.32M	USD	2 Qtrs
Benefit plan adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-490.00K	USD	1 Quarter
Benefit plan adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-883.00K	USD	2 Qtrs
Benefit plan adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-846.00K	USD	1 Quarter
Benefit plan adjustments	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-6.20M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-445.44M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-29.39M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$56.62M	USD	2 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-174.89M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$402.23M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$74.38M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-21.15M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$161.67M	USD	1 Quarter

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