RADIAN GROUP INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), RADIAN GROUP INC reported revenue of $1.2B (-7.2% year on year) and net income of $618.2M.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net premiums earned (Note 8) | $941.9M | $951.3M | $919.6M | $981.1M |
| Net investment income (Note 7) | $248.8M | $292.7M | $258.4M | $195.7M |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,890), $(7,821) and $(10,735)) (Note 7) | ($24.0K) | ($10.1M) | $10.2M | ($80.7M) |
| Other income | $6.5M | $6.2M | $6.2M | $2.5M |
| Total revenues | $1.2B | $1.3B | $1.2B | $1.2B |
| Provision for losses | $66.8M | ($2.5M) | ($42.5M) | ($338.2M) |
| Policy acquisition costs | $25.0M | $27.3M | $24.6M | $23.9M |
| Other operating expenses | $245.8M | $347.9M | $347.6M | $381.1M |
| Interest expense (Note 12) | $68.3M | $108.0M | $89.7M | $84.5M |
| Total expenses | $405.9M | $519.0M | $473.1M | $237.9M |
| Pretax income from continuing operations | $791.2M | $771.3M | $767.5M | $952.8M |
| Income tax provision | $173.0M | $166.8M | $164.4M | $209.8M |
| Net income from continuing operations | $618.2M | — | — | $742.9M |
| Income (loss) from discontinued operations, net of tax | ($35.5M) | — | — | — |
| Net income | $582.6M | $604.4M | $603.1M | — |
| Net income from continuing operations, Basic | $4.43 | — | — | — |
| Income (loss) from discontinued operations, net of tax, Basic | ($0.25) | — | — | — |
| Basic net income per share | $4.18 | $3.96 | $3.81 | $4.42 |
| Net income from continuing operations, Diluted | $4.39 | — | — | — |
| Income (loss) from discontinued operations, net of tax, Diluted | ($0.25) | — | — | — |
| Diluted net income per share | $4.14 | $3.92 | $3.77 | $4.35 |
| Weighted average number of common shares outstanding-basic (in shares) | 139.4M | 152.5M | 158.1M | 167.9M |
| Weighted average number of common and common equivalent shares outstanding-diluted (in shares) | 140.8M | 154.2M | 160.1M | 170.7M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net premiums earned (Note 8) | $503.7M | $402.5M | $237.1M | $237.5M |
| Net investment income (Note 7) | $74.7M | $69.7M | $63.4M | $72.8M |
| Net gains (losses) on financial instruments and foreign exchange (includes net realized gains (losses) on investments of $(8,068), $(2,055), $(11,316) and $(3,494)) (Note 7) | ($5.8M) | ($8.9M) | — | — |
| Other income | $2.3M | $3.0M | $1.4M | $1.5M |
| Total revenues | $575.0M | $466.3M | $303.2M | $318.0M |
| Provision for losses (Note 11) | $194.9M | $107.9M | $17.9M | $12.1M |
| Amortization of deferred policy acquisition costs and VOBA | $90.5M | $62.1M | — | — |
| Other operating expenses | $110.6M | $98.2M | $62.3M | $89.4M |
| Interest expense (Note 12) | $22.3M | $20.6M | $17.2M | $25.9M |
| Amortization of other acquired intangible assets | $5.9M | $3.9M | — | — |
| Total expenses | $424.2M | $292.7M | $104.5M | $143.0M |
| Pretax income from continuing operations | $150.7M | $173.7M | $198.7M | $175.0M |
| Income tax provision | $32.5M | $44.2M | $45.9M | $33.2M |
| Net income from continuing operations | $118.2M | $129.5M | $152.8M | — |
| Income (loss) from discontinued operations, net of tax | ($2.3M) | ($5.4M) | ($11.4M) | — |
| Net income | $115.9M | $124.1M | $141.4M | $141.8M |
| Net income from continuing operations, Basic | $0.87 | $0.94 | $1.12 | — |
| Income (loss) from discontinued operations, net of tax, Basic | ($0.02) | ($0.04) | ($0.08) | — |
| Basic net income per share | $0.85 | $0.90 | $1.04 | $1.03 |
| Net income from continuing operations, Diluted | $0.87 | $0.93 | $1.11 | — |
| Income (loss) from discontinued operations, net of tax, Diluted | ($0.02) | ($0.04) | ($0.08) | — |
| Diluted net income per share | $0.85 | $0.89 | $1.03 | $1.02 |
| Weighted average number of common shares outstanding—basic (in shares) | 135.4M | 137.0M | 137.0M | 137.4M |
| Weighted average number of common and common equivalent shares outstanding—diluted (in shares) | 136.3M | 138.5M | 137.9M | 138.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Fixed-maturities available for sale-at fair value (amortized cost of $4,550,954 and $5,498,422) | $4.3B | $5.1B | $5.2B | $5.0B |
| Trading securities-at fair value (amortized cost of $70,050 and $89,479) | $65.7M | $82.7M | $106.4M | $115.7M |
| Equity securities-at fair value (cost of $45,619 and $144,579) | $36.6M | $138.2M | $89.1M | $149.0M |
| Other long-term invested assets-at fair value | $10.1M | $7.9M | — | — |
| Short-term investments-at fair value (includes $62,212 and $125,723 of reinvested cash collateral held under securities lending agreements) | $1.6B | $521.6M | $660.6M | $402.1M |
| Total investments | $6.0B | $6.3B | $6.1B | $5.7B |
| Cash | $24.8M | $38.8M | $19.0M | $56.2M |
| Restricted cash | $10.0K | $2.6M | $1.1M | $377.0K |
| Accrued investment income | $40.3M | $49.1M | $45.8M | $40.1M |
| Accounts and notes receivable | $120.2M | $128.1M | $123.9M | $119.8M |
| Reinsurance recoverables (includes $1,788 and $415 for paid losses) | $48.8M | $36.4M | $25.9M | $25.6M |
| Deferred policy acquisition costs | $19.0M | $17.7M | $18.7M | $18.5M |
| Property and equipment, net | $17.2M | $27.6M | $63.8M | $71.0M |
| Prepaid federal income taxes (Note 10) | $1.1B | $921.1M | $750.3M | $596.4M |
| Other assets | $334.2M | $375.9M | $459.8M | $427.0M |
| Assets held for sale (Note 3) | $474.3M | — | — | — |
| Total assets | $8.1B | $8.7B | $7.6B | $7.1B |
| Reserve for losses and LAE (Note 11) | $399.9M | $360.3M | $370.1M | $426.8M |
| Unearned premiums | $159.3M | $188.3M | $225.4M | $271.5M |
| Senior notes (Note 12) | $1.1B | $1.1B | $1.4B | $1.4B |
| Other borrowings (Note 12) | $41.2M | $538.3M | $119.5M | $155.8M |
| Net deferred tax liability (Note 10) | $942.2M | $746.7M | $589.6M | $391.1M |
| Other liabilities (Note 9) | $366.5M | $431.6M | $343.2M | $333.6M |
| Liabilities held for sale (Note 3) | $363.8M | — | — | — |
| Total liabilities | $3.3B | $4.0B | $3.2B | $3.1B |
| Common stock ($0.001 par value; 485,000 shares authorized; 2025: 156,913 and 135,498 shares issued and outstanding, respectively; 2024: 168,350 and 147,569 shares issued and outstanding, respectively) | 157.0K | 168.0K | — | — |
| Treasury stock, at cost (2025: 21,415 shares; 2024: 20,782 shares) | -989.7M | -968.2M | -945.9M | — |
| Additional paid-in capital | $861.2M | $1.2B | $1.4B | $1.5B |
| Retained earnings | $5.1B | $4.7B | $4.2B | $3.8B |
| Accumulated other comprehensive income (loss) (Note 15) | ($222.2M) | ($350.2M) | ($330.9M) | ($456.8M) |
| Total stockholders’ equity | $4.8B | $4.6B | $4.4B | $3.9B |
| Total liabilities and stockholders’ equity | $8.1B | $8.7B | $7.6B | $7.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Available for sale-at fair value (amortized cost of $6,561,040 and $4,550,954) | $6.2B | $6.3B | $5.1B | $5.1B |
| Trading-at fair value (amortized cost of $49,346 and $70,050) | $45.0M | $46.3M | $74.6M | $74.3M |
| Equity securities-at fair value (cost of $38,564 and $45,619) | $32.4M | $25.0M | $75.5M | $93.0M |
| Other long-term invested assets-at fair value | $59.4M | $62.1M | $8.8M | $8.2M |
| Short-term investments-at fair value (includes $74,841 and $62,212 of reinvested cash collateral held under securities lending agreements) | $622.9M | $624.4M | $618.6M | $502.5M |
| Total investments | $7.0B | $7.0B | $5.9B | $6.5B |
| Cash | $119.0M | $55.4M | $15.3M | $22.1M |
| Restricted cash | $36.0M | $32.5M | $11.0K | $105.0K |
| Accrued investment income | $56.3M | $51.5M | $43.0M | $50.5M |
| Premiums and other receivables | $812.2M | $665.9M | — | — |
| Reinsurance recoverables (includes $47,883 and $1,788 for paid losses) | $381.4M | $356.5M | $44.8M | $43.7M |
| Deferred policy acquisition costs and VOBA | $180.9M | $188.7M | — | — |
| Goodwill and other acquired intangible assets (Note 3) | $414.8M | $420.7M | — | — |
| Prepaid federal income taxes (Note 10) | $1.1B | $1.1B | $1.0B | $997.8M |
| Other assets (Note 9) | $546.7M | $504.3M | $350.4M | $408.7M |
| Assets held for sale (Note 18) | $64.5M | $280.1M | $722.5M | — |
| Total assets | $10.7B | $10.7B | $8.2B | $9.6B |
| Reserve for losses and LAE (Note 11) | $1.9B | $1.8B | $387.6M | $383.1M |
| Unearned premiums | $1.0B | $856.1M | $166.2M | $171.9M |
| Short-term borrowings (Note 12) | $535.1M | $494.7M | — | — |
| Long-term borrowings (Note 12) | $696.9M | $773.9M | — | — |
| Net deferred tax liability | $962.2M | $978.5M | $910.3M | $841.4M |
| Other liabilities (Note 9) | $696.2M | $698.0M | $410.2M | $490.2M |
| Liabilities held for sale (Note 18) | $29.7M | $219.2M | $550.4M | — |
| Total liabilities | $5.8B | $5.8B | $3.6B | $5.1B |
| Common stock ($0.001 par value; 485,000 shares authorized; 2026: 155,514 and 133,556 shares issued and outstanding, respectively; 2025: 156,913 and 135,498 shares issued and outstanding, respectively) | 156.0K | 156.0K | 157.0K | 157.0K |
| Treasury stock, at cost (2026: 21,958 shares; 2025: 21,415 shares) | -1.0B | -991.4M | -989.4M | -988.8M |
| Additional paid-in capital | $783.2M | $842.2M | $855.3M | $847.4M |
| Retained earnings | $5.3B | $5.2B | $5.0B | $4.9B |
| Accumulated other comprehensive income (loss) (Note 15) | ($265.4M) | ($262.1M) | ($226.4M) | ($272.9M) |
| Total stockholders’ equity | $4.8B | $4.8B | $4.7B | $4.5B |
| Total liabilities and stockholders’ equity | $10.7B | $10.7B | $8.2B | $9.6B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $582.6M | $604.4M | $603.1M | $742.9M |
| Less: Income (loss) from discontinued operations, net of tax | ($35.5M) | — | — | — |
| Net income from continuing operations | $618.2M | — | — | — |
| Net (gains) losses on investments and other financial instruments | $24.0K | $10.1M | ($10.2M) | $80.7M |
| Loss on extinguishment of debt | $513.0K | $4.3M | — | — |
| Depreciation, other amortization, and other impairments, net | $46.4M | $78.8M | $73.6M | $72.3M |
| Deferred income tax provision | $138.6M | $162.3M | $165.0M | $206.9M |
| Accrued investment income | $4.0M | ($7.3M) | ($5.7M) | ($7.3M) |
| Accounts and notes receivable | $793.0K | ($1.5M) | ($1.6M) | $4.2M |
| Reinsurance recoverable | ($14.2M) | ($10.5M) | ($276.0K) | $42.3M |
| Deferred policy acquisition costs | ($1.3M) | $972.0K | ($258.0K) | ($2.1M) |
| Prepaid federal income tax | ($135.2M) | ($170.8M) | ($154.0M) | ($242.2M) |
| Other assets | $35.5M | $28.1M | $38.0M | $65.7M |
| Unearned premiums | ($29.0M) | ($37.1M) | ($46.1M) | ($57.6M) |
| Reserve for losses and LAE | $45.5M | ($9.8M) | ($56.7M) | ($401.8M) |
| Reinsurance funds withheld | $1.9M | ($8.6M) | ($21.5M) | ($76.0M) |
| Other liabilities | $8.3M | ($27.8M) | ($38.0M) | ($40.5M) |
| Net cash provided by (used in) operating activities, continuing operations | $720.0M | — | — | — |
| Net cash provided by (used in) operating activities, discontinued operations | ($600.1M) | — | — | — |
| Net cash provided by (used in) operating activities | $119.9M | ($663.6M) | $529.4M | $388.3M |
| Available for sale securities | $976.4M | $511.6M | $331.9M | — |
| Trading securities | $8.4M | $0 | $9.1M | $8.9M |
| Equity securities | $113.7M | $45.7M | $68.0M | $8.0M |
| Available for sale securities | $853.0M | $903.4M | $498.1M | $789.9M |
| Trading securities | $11.1M | $17.1M | $1.7M | $102.1M |
| Available for sale securities | ($766.5M) | ($1.3B) | ($933.3M) | ($1.4B) |
| Equity securities | ($31.5M) | ($23.4M) | ($8.3M) | ($24.6M) |
| Short-term investments, net | ($1.2B) | $153.2M | ($251.7M) | $150.7M |
| Other assets and other invested assets, net | ($8.8M) | $1.1M | ($45.0K) | ($6.9M) |
| Additions to property and equipment | ($4.2M) | ($3.2M) | ($16.3M) | ($17.7M) |
| Net cash provided by (used in) investing activities, continuing operations | ($95.0M) | — | — | — |
| Net cash provided by (used in) investing activities, discontinued operations | $222.3M | — | — | — |
| Net cash provided by (used in) investing activities | $127.3M | $327.7M | ($300.8M) | ($5.2M) |
| Dividends and dividend equivalents paid | ($145.6M) | ($152.0M) | ($145.9M) | ($135.4M) |
| Issuance of common stock | $1.0M | $928.0K | $1.8M | $1.3M |
| Repurchases of common stock, including excise taxes paid | ($431.9M) | ($225.1M) | ($133.3M) | ($400.2M) |
| Issuance of senior notes | $0 | $616.7M | — | $0 |
| Redemption of senior notes | $0 | ($977.1M) | — | — |
| Proceeds (repayments) of FHLB advances, net (with terms three months or less) | $592.0K | — | — | — |
| Proceeds from FHLB advances (with terms greater than three months | $44.7M | — | — | — |
| Repayments of FHLB advances (with terms greater than three months) | ($49.9M) | — | — | — |
| Proceeds from credit facility borrowings | $50.0M | — | — | — |
| Repayments of credit facility borrowings | ($50.0M) | — | — | — |
| Credit facility commitment fees paid | ($4.0M) | ($812.0K) | ($904.0K) | ($814.0K) |
| Proceeds (repayments) related to cash collateral for loaned securities, net | ($63.5M) | ($23.6M) | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net cash provided by (used in) operating activities, continuing operations | $294.4M | $145.8M | $546.2M | — |
| Net cash provided by (used in) operating activities, discontinued operations | $333.6M | $139.2M | ($833.3M) | — |
| Net cash provided by (used in) operating activities | $628.0M | $285.0M | ($287.1M) | ($645.5M) |
| Available for sale securities | $708.9M | $300.6M | $274.7M | $233.7M |
| Trading securities | $9.3M | $9.3M | — | — |
| Equity securities | $23.6M | $12.0M | $39.4M | $17.9M |
| Available for sale securities | $480.9M | $215.2M | $611.8M | $413.7M |
| Trading securities | $11.3M | $9.9M | $11.0M | $10.4M |
| Available for sale securities | ($1.5B) | ($673.9M) | ($716.3M) | ($561.0M) |
| Equity securities | ($27.9M) | ($12.8M) | ($15.3M) | ($10.2M) |
| Short-term investments, net | $1.7B | $1.5B | ($203.6M) | $23.2M |
| Other assets and other invested assets, net | $2.2M | ($135.0K) | ($111.0K) | ($325.0K) |
| Acquisition, net of cash acquired | ($1.6B) | ($1.6B) | — | — |
| Additions to property and equipment | ($974.0K) | ($749.0K) | ($3.3M) | ($2.5M) |
| Net cash provided by (used in) investing activities, continuing operations | ($165.2M) | ($209.8M) | ($1.8M) | — |
| Net cash provided by (used in) investing activities, discontinued operations | $34.6M | $29.2M | $206.4M | — |
| Net cash provided by (used in) investing activities | ($130.7M) | ($180.6M) | $204.6M | $231.3M |
| Dividends and dividend equivalents paid | ($72.6M) | ($35.3M) | ($110.7M) | ($75.9M) |
| Issuance of common stock | $366.0K | $153.0K | $1.0M | $779.0K |
| Repurchases of common stock, including excise taxes paid | ($130.3M) | ($50.0M) | ($431.9M) | ($431.9M) |
| Proceeds (repayments) of FHLB advances, net (with terms three months or less) | $30.3M | $18.3M | $2.0M | — |
| Proceeds from FHLB advances (with terms greater than three months) | $34.8M | $4.6M | $34.2M | — |
| Repayments of FHLB advances (with terms greater than three months) | ($18.5M) | ($13.9M) | ($21.7M) | — |
| Proceeds from credit facility borrowings | $200.0M | $200.0M | $50.0M | $50.0M |
| Repayments of credit facility borrowings | ($125.0M) | ($50.0M) | ($50.0M) | ($50.0M) |
| Credit facility commitment fees paid | ($315.0K) | ($3.7M) | ($409.0K) | ($268.0K) |
| Proceeds (repayments) related to cash collateral for loaned securities and securities sold under repurchase agreements, net | $17.6M | — | — | — |
| Net cash provided by (used in) financing activities, continuing operations | ($63.8M) | $85.0M | ($534.6M) | — |
| Net cash provided by (used in) financing activities, discontinued operations | ($324.2M) | ($140.4M) | $591.7M | — |
| Net cash provided by (used in) financing activities | ($388.0M) | ($55.4M) | $57.1M | $394.9M |
| Effect of exchange rate changes on cash and restricted cash | $1.8M | $841.0K | — | — |
| Increase (decrease) in cash and restricted cash | $111.1M | $49.8M | ($25.4M) | ($19.3M) |
| Cash and restricted cash, beginning of period | $45.5M | $45.5M | $41.5M | $41.5M |
| Cash and restricted cash, end of period | $156.6M | $95.3M | $16.0M | $22.2M |
| Transfer from residential mortgage loans held for sale to securitized residential mortgage loans held for investment, discontinued operations | $0 | $0 | $767.9M | $767.9M |
| Retention (disposal) of mortgage servicing and other related rights from residential mortgage loan sales, discontinued operations, net | ($6.6M) | — | — | — |
RADIAN GROUP INC score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.