Radian Group Inc
XMUN:RAG

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Radian Group Inc Logo
Radian Group Inc
XMUN:RAG
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Price: 30.9 EUR -1.28%
Market Cap: €4.7B

Radian Group Inc
Investor Relations

Radian Group is a mortgage finance company best known for mortgage insurance. It helps lenders make home loans to borrowers who put down only a small amount of cash by protecting the lender if the borrower defaults. In simple terms, Radian sits between the mortgage lender and the housing market, taking on part of the credit risk tied to new home loans. The company mainly serves banks, mortgage originators, and other housing lenders in the United States. It earns money by charging premiums for mortgage insurance and by investing the funds it collects before claims are paid out. Radian also has related mortgage and real estate services that support lenders, investors, and homeowners around the loan process. What makes Radian’s business different is that it is tied to home lending rather than to owning houses or making mortgages itself. Its role is to help lenders extend more credit while limiting their losses on risky loans. That makes Radian a key risk manager in the mortgage system, with results that depend heavily on the health of the housing market and borrowers’ ability to repay.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Aug 6, 2026
AI Summary
Q2 2026

Transformation: Radian said it has finished a major strategic overhaul, including closing Inigo, selling its real estate services business, agreeing to sell title, and exiting mortgage conduit operations.

Results: Second-quarter revenue jumped 93% year over year to $575 million, helped by the first full quarter of Inigo’s contribution.

Mortgage strength: The mortgage insurance business stayed strong, with new insurance written up 14% to $16.3 billion and primary insurance in force reaching a record $284 billion.

Specialty pressure: Management said specialty insurance is still performing well, but market conditions are getting more competitive and rates are softening, so underwriting discipline matters more than growth.

Middle East reserve: Radian booked about $30 million of reserving related to the Middle East conflict and said it feels well reserved and is actively monitoring the situation.

Capital returns: The company increased its 2026 dividend outlook to at least $650 million and expects share repurchases to land toward the upper end of the $200 million to $250 million range.

Key Financials
Revenue
$575 million
Net earned premiums
$504 million
Net income from continuing operations per share
$0.87
Return on equity
10%
Adjusted net operating earnings per share
$1.14
Adjusted net operating return on equity
13%
Book value per share
$36
Net investment income
$75 million
Investment portfolio
$7.1 billion
New insurance written
$16.3 billion
Persistency
82%
Primary insurance in force
$284 billion
New defaults
approximately 12,400
Portfolio default rate
2.47%
Favorable development from prior period defaults
$20 million
Mortgage segment expense ratio
23%
Specialty net premiums earned
$267 million
Specialty operating expenses
$39 million
Specialty loss provision
$169 million
Specialty combined ratio
98%
First-half specialty combined ratio
93%
PMIERs cushion
$1.5 billion
Radian Guaranty dividend to parent
$200 million
Dividends from held-for-sale entities
$19 million
Capital returned from held-for-sale entities
$127 million
Common stock repurchases
$76 million
Shares repurchased
2.2 million shares
Year-to-date share repurchases
$176 million
Quarterly dividend
$37 million
Revolving credit facility draw
$75 million
Holding company leverage ratio
19%
Holding company liquidity
$412 million
Total dividends expected in 2026
at least $650 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Richard Gerald Thornberry CPA
CEO & Director
No Bio Available
Ms. Sumita Pandit
CFO & Senior EVP
No Bio Available
Mr. Robert James Quigley
Executive VP, Corporate Controller & Chief Accounting Officer
No Bio Available
Mr. Edward John Hoffman J.D.
Senior EVP, General Counsel & Corporate Secretary
No Bio Available
Mr. Derek V. Brummer J.D.
President of Mortgage Insurance
No Bio Available
Ms. Mary Creedon Dickerson
Senior EVP and Chief People & Operating Officer
No Bio Available
Mr. John W. Damian
Senior Vice President of Corporate Development & Investor Relations
No Bio Available
Ms. Emily S. Riley
Executive VP & Chief of Staff to the CEO
No Bio Available
Dr. Clifford V. Rossi
Chief Economist & Senior VP
No Bio Available
Mr. Peter Danna CFA, FRM
Senior Vice President of Structured Products
No Bio Available

Contacts

Address
PENNSYLVANIA
Wayne
550 East Swedesford Road, Suite 350
Contacts
+12155646600.0
www.radian.com
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