v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table  
Year (1)
Summary Compensation Table Total
for PEO (2)
Compensation Actually Paid to PEO
Average Summary Compensation Table Total for Non-PEO NEOs (2)
Average Compensation Actually Paid to Non-PEO NEOsValue of Initial Fixed $100 Investment Based On:Net
Income (millions)
Book Value per Share (4)
Total Shareholder Return
Peer Group Total Shareholder Return (3)
(a)(b)(c)(d)(e)(f)(g)(h)(i)
2025
$
10,209,615 
$
14,181,268 
$
2,897,416 
$
3,616,594 
$
180 
$
166 
$
388.9 
$
34.58 
2024
$
8,978,934 
$
15,261,772 
$
2,743,746 
$
3,279,985 
$
162 
$
140 
$
360.1 
$
29.80 
2023
$
7,931,487 
$
12,238,436 
$
2,515,877 
$
3,829,745 
$
131 
$
130 
$
322.1 
$
25.54 
2022
$5,474,844 $5,004,886 $2,831,491 $2,750,584 $92 $93 $292.9 $21.76 
2021
$4,970,949 $4,032,083 $2,605,661 $2,534,488 $96 $106 $231.1 $18.23 
      
Company Selected Measure Name   BVPS      
Peer Group Issuers, Footnote   The peer group used by the Company consists of the companies, including Essent Group Ltd., MGIC Investment Corporation, and Radian Group Inc., used in the Company’s performance graph as required by Item 201(e) of Regulation S-K and reported in Part II, Item 5 of its annual report on Form 10-K for the fiscal year ended December 31, 2025.      
PEO Total Compensation Amount $ 10,209,615 $ 8,978,934 $ 7,931,487 $ 5,474,844 $ 4,970,949
PEO Actually Paid Compensation Amount 14,181,268 $ 15,261,772 12,238,436 5,004,886 4,032,083
Adjustment To PEO Compensation, Footnote   The "2025 Summary Compensation Table" totals reported for the PEO and the average of the Non-PEO NEOs for each year were subject to the following adjustments as set forth in the below table, per Item 402(v)(2)(iii) of Regulation S-K to calculate “compensation actually paid.” We did not make any assumptions in valuation that differs materially from those disclosed as of the grant date of such equity awards with respect to the amounts added relative to stock and option awards.
20252024202320222021
PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Ms. Merkle)
($)		Average for Non-PEO NEOs
($)
Summary Compensation Table Total
10,209,6152,897,4168,978,9342,743,7467,931,4872,515,8775,474,8442,831,4914,970,9492,605,661
Adjustments
Deduction for Grant Date Fair Value of Awards Granted During Year
(6,337,450)(1,306,651)(4,874,994)(1,376,427)(4,274,972)(977,983)(3,000,000)(1,540,534)(2,315,962)(991,737)
Adjustment for Fair Value of Equity Calculated Using SEC Methodology (a)
(i) Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year7,352,234 1,515,879 5,975,485 1,389,925 5,480,8281,253,8462,427,4101,246,502 1,100,082 942,150 
(ii) Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years2,173,266 412,980 4,522,308 572,680 2,582,252 818,534 13,051 72,727 258,291 22,031 
(iii) Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year783,603 96,970 660,039 130,682 518,841 219,471 89,581 140,398 18,723 (43,617)
(iv) Any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year— — — (180,621)— — — — — — 
Compensation Actually Paid
14,181,268 3,616,594 15,261,772 3,279,985 12,238,436 3,829,745 5,004,886 2,750,584 4,032,083 2,534,488 
Compensation Actually Paid excludes the Stock Awards column from the relevant fiscal year’s "Summary Compensation Table" total. The Rule 402(v) Equity Values instead reflect the aggregate of the following components, where applicable to us: (i) the fair value as of the end of the listed fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the listed fiscal year; and (iii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. The Company does not maintain, nor do the NEOs participate in, any defined benefit or actuarial pension plans for which adjustments were required pursuant to Item 402(v). 		     
Non-PEO NEO Average Total Compensation Amount 2,897,416 $ 2,743,746 2,515,877 2,831,491 2,605,661
Non-PEO NEO Average Compensation Actually Paid Amount 3,616,594 $ 3,279,985 3,829,745 2,750,584 2,534,488
Adjustment to Non-PEO NEO Compensation Footnote   The "2025 Summary Compensation Table" totals reported for the PEO and the average of the Non-PEO NEOs for each year were subject to the following adjustments as set forth in the below table, per Item 402(v)(2)(iii) of Regulation S-K to calculate “compensation actually paid.” We did not make any assumptions in valuation that differs materially from those disclosed as of the grant date of such equity awards with respect to the amounts added relative to stock and option awards.
20252024202320222021
PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Mr. Pollitzer)
($)		Average for Non-PEO NEOs
($)		PEO
(Ms. Merkle)
($)		Average for Non-PEO NEOs
($)
Summary Compensation Table Total
10,209,6152,897,4168,978,9342,743,7467,931,4872,515,8775,474,8442,831,4914,970,9492,605,661
Adjustments
Deduction for Grant Date Fair Value of Awards Granted During Year
(6,337,450)(1,306,651)(4,874,994)(1,376,427)(4,274,972)(977,983)(3,000,000)(1,540,534)(2,315,962)(991,737)
Adjustment for Fair Value of Equity Calculated Using SEC Methodology (a)
(i) Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year7,352,234 1,515,879 5,975,485 1,389,925 5,480,8281,253,8462,427,4101,246,502 1,100,082 942,150 
(ii) Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years2,173,266 412,980 4,522,308 572,680 2,582,252 818,534 13,051 72,727 258,291 22,031 
(iii) Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year783,603 96,970 660,039 130,682 518,841 219,471 89,581 140,398 18,723 (43,617)
(iv) Any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year— — — (180,621)— — — — — — 
Compensation Actually Paid
14,181,268 3,616,594 15,261,772 3,279,985 12,238,436 3,829,745 5,004,886 2,750,584 4,032,083 2,534,488 
Compensation Actually Paid excludes the Stock Awards column from the relevant fiscal year’s "Summary Compensation Table" total. The Rule 402(v) Equity Values instead reflect the aggregate of the following components, where applicable to us: (i) the fair value as of the end of the listed fiscal year of unvested equity awards granted in that year; (ii) the change in fair value during the listed fiscal year of equity awards granted in prior years that remained outstanding and unvested at the end of the listed fiscal year; and (iii) the change in fair value during the listed fiscal year through the vesting date of equity awards granted in prior years that vested during the listed fiscal year. Equity values are calculated in accordance with ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. The Company does not maintain, nor do the NEOs participate in, any defined benefit or actuarial pension plans for which adjustments were required pursuant to Item 402(v). 		     
Compensation Actually Paid vs. Total Shareholder Return  
4
      
Compensation Actually Paid vs. Net Income  
7
      
Compensation Actually Paid vs. Company Selected Measure  
9
      
Total Shareholder Return Vs Peer Group  
4
      
Tabular List, Table  
2025 Most Important Performance Metrics
BVPS
 Return on Equity
 Net Operating Income
      
Total Shareholder Return Amount 180 $ 162 131 92 96
Peer Group Total Shareholder Return Amount 166 140 130 93 106
Net Income (Loss) $ 388,900,000 $ 360,100,000 $ 322,100,000 $ 292,900,000 $ 231,100,000
Company Selected Measure Amount 34.58 29.80 25.54 21.76 18.23
PEO Name Mr. Pollitzer Mr. Pollitzer Mr. Pollitzer Mr. Pollitzer Ms. Merkle
Additional 402(v) Disclosure  
Relationship Between "Compensation Actually Paid" and Performance
The following graphs show the relationship between compensation actually paid to our executives in each of the last five years as disclosed in the Pay vs. Performance table, and each of the following: the Company's cumulative TSR, the peer group cumulative TSR, the Company's net income, and the BVPS.
Tabular List of Most Important Financial Performance Measures
Below are the financial performance measures that we believe are the most important financial performance measures used to link NEO compensation to Company performance. For more information, please see “Compensation of Named Executive Officers – Compensation Discussion and Analysis” and Appendix A in this proxy statement for a reconciliation of the below financial measures to the most directly comparable GAAP measure. 		     
Measure:: 1          
Pay vs Performance Disclosure          
Name   BVPS      
Non-GAAP Measure Description   BVPS (excluding net unrealized gains and losses) is a non-GAAP measure, and is defined as total shareholder's equity, excluding the after-tax effects of unrealized gains and losses on investments, divided by shares outstanding. For more detail, please see Appendix A.      
Measure:: 2          
Pay vs Performance Disclosure          
Name   Return on Equity      
Measure:: 3          
Pay vs Performance Disclosure          
Name   Net Operating Income      
PEO | Adjustment, Equity Awards Reported [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ (4,874,994) $ (4,274,972) $ (3,000,000) $ (2,315,962)
PEO | Adjustment, Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   5,975,485 5,480,828 2,427,410 1,100,082
PEO | Adjustment, Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   4,522,308 2,582,252 13,051 258,291
PEO | Adjustment, Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   660,039 518,841 89,581 18,723
Non-PEO NEO | Adjustment, Equity Awards Reported [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   (1,376,427) (977,983) (1,540,534) (991,737)
Non-PEO NEO | Adjustment, Year-End Fair Value of Outstanding and Unvested Equity Awards Granted in the Applicable Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   1,389,925 1,253,846 1,246,502 942,150
Non-PEO NEO | Adjustment, Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   572,680 818,534 72,727 22,031
Non-PEO NEO | Adjustment, Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ 130,682 $ 219,471 $ 140,398 $ (43,617)