RDN on NYSE

Radian Group

Logo: Phillyfan1500, CC BY-SA 4.0, via Wikimedia Commons5

Mortgage insurance company

Radian Group Inc. (NYSE: RDN) is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services. The company is headquartered at Centre Square in Philadelphia.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

1977Founded1

Compare with MGIC INVESTMENT CORP, Essent Group Ltd. or NMI Holdings, Inc., or pick any stock.

  • TickerRDN on NYSE1
  • Industryinsurance1
  • HeadquartersPhiladelphia1
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address550 East Swedesford Road, Suite 350, Wayne, Pa 190876
  • Filer categoryLarge accelerated filer6
  • LEI54930005OUP720S5U3854
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o CORPORATION SERVICE COMPANY, 251 Little Falls Drive, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22809684

Radian Group Inc. (NYSE: RDN) is a mortgage insurance company with a suite of mortgage, risk, real estate, and title services.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

48.7%Net margin9
-0.8%Revenue growth, 20259
12.2%Return on equity9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs31¢$373.1M
  • Interest6¢$68.3M
  • Income tax14¢$173.0M
  • Profit49¢$582.6M

Out of $1.2B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid25¢$145.6M
  • Share buybacks75¢$431.9M

Out of $119.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9

Financial statements

Revenue101112139$1.2B in 2025−22% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.5B$1.5B20192020: $1.4B$1.4B2020−6%2021: $1.3B$1.3B2021−8%2022: $1.2B$1.2B2022−10%2023: $1.2B$1.2B2023−1%2024: $1.2B$1.2B2024+2%2025: $1.2B$1.2B2025−1%
Net income101112139$582.6M in 2025−13% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $672.3M$672.3M20192020: $393.6M$393.6M2020−41%2021: $600.7M$600.7M2021+53%2022: $742.9M$742.9M2022+24%2023: $603.1M$603.1M2023−19%2024: $604.4M$604.4M2024+0%2025: $582.6M$582.6M2025−4%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.9

Period ending2025-12-312024-12-312023-12-31
Net premiums earned (Note 8)$941.9M$939.2M$909.4M
Net investment income (Note 7)$248.8M$264.8M$252.1M
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-$4.3M$9.4M
Other income$6.5M$6.6M$6.4M
Total revenues$1.2B$1.2B$1.2B
Provision for losses$66.8M-$2.2M-$42.1M
Policy acquisition costs$25.0M$27.3M$24.6M
Other operating expenses$245.8M$247.6M$244.8M
Interest expense (Note 12)$68.3M$88.0M$86.2M
Total expenses$405.9M$360.7M$313.4M
Pretax income from continuing operations$791.2M$845.6M$863.9M
Income tax provision$173.0M$185.3M$188.0M
Net income from continuing operations$618.2M$660.3M$675.9M
Income (loss) from discontinued operations, net of tax-$35.5M-$55.9M-$72.7M
Net income$582.6M$604.4M$603.1M
Net income from continuing operations, Basic$4$4$4
Income (loss) from discontinued operations, net of tax, Basic-$0-$0-$0
Basic net income per share$4.18$3.96$3.81
Net income from continuing operations, Diluted$4$4$4
Income (loss) from discontinued operations, net of tax, Diluted-$0-$0-$0
Diluted net income per share$4.14$3.92$3.77
Weighted average number of common shares outstanding-basic (in shares)139.4M shares152.5M shares158.1M shares
Weighted average number of common and common equivalent shares outstanding-diluted (in shares)140.8M shares154.2M shares160.1M shares
Net realized gains (losses) on investments-$3.9M-$7.8M-$10.7M

Compare Radian Group with another company

Corporate structure

Radian Group sits at the top of its group. 30 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Radian Group

  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Radian Group, latest Apr 30, 2026
  • VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Radian Group, latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Radian Group, latest Mar 27, 2026 (7 filings since Feb 10, 2022)
  • FIRST TRUST PORTFOLIOS LP Filed SCHEDULE 13G/A on Radian Group, latest Apr 28, 2025 (2 filings since Jul 25, 2024)
  • BlackRock Filed SCHEDULE 13G/A on Radian Group, latest Feb 5, 2025 (2 filings since Nov 7, 2024)
  • JPMorgan Chase Filed SC 13G/A on Radian Group, latest Aug 9, 2024 (2 filings since Feb 6, 2024)
  • FMR LLC Filed SC 13G/A on Radian Group, latest Dec 11, 2023 (3 filings since Feb 9, 2022)
  • Radian Group Wayne, Pennsylvania, United States
    • homegenius Inc. Subsidiary · Delaware, United States
    • homegenius Real Estate Inc. Subsidiary · California, United States
    • Inigo Corporate Member Limited Subsidiary · United Kingdom
    • Inigo Limited Subsidiary · United Kingdom
    • Inigo London Bridge 2 Cell Subsidiary · United Kingdom
    • Inigo Managing Agent Limited Subsidiary · United Kingdom
    • Radian Escrow Services Inc. Subsidiary · Delaware, United States
    • Radian Guaranty Inc. Subsidiary · Pennsylvania, United States
    • Radian Insurance Inc. Subsidiary · Pennsylvania, United States
    • Radian Investment Group Inc. Subsidiary · Delaware, United States
    • Radian Lender Services LLC Subsidiary · Delaware, United States
    • Radian Liberty Funding LLC Subsidiary · Delaware, United States
    • Radian MI Services Inc. Subsidiary · Pennsylvania, United States
    • Radian Mortgage Assurance Inc. Subsidiary · Pennsylvania, United States
    • Radian Mortgage Capital LLC Subsidiary · Delaware, United States
    • Radian Mortgage Securities LLC Subsidiary · Delaware, United States
    • Radian Mortgage Services Inc. Subsidiary · Delaware, United States
    • Radian Real Estate Management LLC Subsidiary · Delaware, United States
    • Radian Real Estate Services Inc. Subsidiary · Delaware, United States
    • Radian REM LLC Subsidiary · Utah, United States
    • Radian Settlement Services Inc. Subsidiary · Pennsylvania, United States
    • Radian Settlement Services of Utah LLC Subsidiary · Utah, United States
    • Radian Technology Services LLC Subsidiary · Delaware, United States
    • Radian Title Agency Of Texas LLC Subsidiary · Texas, United States
    • Radian Title Insurance Inc. Subsidiary · Ohio, United States
    • and 4 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Radian Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$246.4M9 Dec 31, 2025$242.2M9 Dec 31, 2024+1.7%
Accumulated depreciation$229.2M9 Dec 31, 2025$218.8M9 Dec 31, 2024+4.8%
Property and equipment, net$17.2M9 Dec 31, 2025$23.4M9 Dec 31, 2024−26.5%
Operating-lease assets (leased space)$9.0M9 Dec 31, 2025$11.6M9 Dec 31, 2024−22.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$24.8M9 Dec 31, 2025$19.2M9 Dec 31, 2024+29.2%
Debt securities available for sale$4.3B9 Dec 31, 2025$5.1B9 Dec 31, 2024−15.6%
Equity securities at fair value$36.6M9 Dec 31, 2025$138.2M9 Dec 31, 2024−73.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$013 Dec 31, 2024$013 Dec 31, 2023
Finite-lived intangibles, net$013 Dec 31, 2024$013 Dec 31, 2023

Properties, in its own words

In addition to leases of other properties and facilities to support our business operations, we currently lease approximately 30,000 square feet of office and storage space for our corporate headquarters, located at 550 East Swedesford Road, Suite 350, in Wayne, Pennsylvania. This property is used for our corporate functions and by certain of our businesses.

We believe our existing properties are suitable and adequate for their intended use. See Note 13 of Notes to Consolidated Financial Statements for additional information regarding our lease commitments.

Item 2 of the 10-K filed Feb 20, 2026.17

Leadership

Who has led Radian Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (44)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Inigo Corporate Member Limited United Kingdom7
  • Inigo Limited United Kingdom7
  • Inigo London Bridge 2 Cell United Kingdom7
  • Inigo Managing Agent Limited United Kingdom7
  • Radian Escrow Services Inc. Delaware7
  • Radian Guaranty Inc. Pennsylvania7
  • Radian Insurance Inc. Pennsylvania7
  • Radian Investment Group Inc. Delaware7
  • Radian Lender Services LLC Delaware7
  • Radian Liberty Funding LLC Delaware7
  • Radian MI Services Inc. Pennsylvania7
  • Radian Mortgage Assurance Inc. Pennsylvania7
  • Radian Mortgage Capital LLC Delaware7
  • Radian Mortgage Securities LLC Delaware7
  • Radian Mortgage Services Inc. Delaware7
  • Radian REM LLC Utah7
  • Radian Real Estate Management LLC Delaware7
  • Radian Real Estate Services Inc. Delaware7
  • Radian Settlement Services Inc. Pennsylvania7
  • Radian Settlement Services of Utah LLC Utah7
  • Radian Technology Services LLC Delaware7
  • Radian Title Agency Of Texas LLC Texas7
  • Radian Title Insurance Inc. Ohio7
  • Radian Title Services Inc. Delaware7
All 30 listed subsidiaries
  • Radian US Holdings Inc. Delaware7
  • Radian Valuation Services LLC Pennsylvania7
  • Redbudbridge Limited United Kingdom7
  • homegenius Inc. Delaware7
  • homegenius Real Estate Inc. California7
  • homegenius Real Estate LLC Delaware7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

In December 2025, it was announced that Radian had received all regulatory approvals for its planned US$1.7 billion acquisition of Inigo Limited, a specialty insurer operating through Lloyd’s of London. The deal would see Inigo operate as a Radian business unit while retaining its London presence.

From Wikipedia’s article on Radian Group, shared under CC BY-SA 4.0.8

Former names

  • CMAC INVESTMENT CORPFeb 13, 1996 to May 11, 19996

Timeline

  1. Aug 11, 20268-K Executive or director change; Regulation FD disclosure79
  2. Aug 6, 20268-K Results of operations80
  3. Jun 1, 2026New chief executive Michael S. Weinbach becomes CEO19
  4. May 27, 20268-K Executive or director change; Shareholder vote81
  5. May 21, 20268-K Executive or director change82
  6. May 7, 20268-K Results of operations83
  7. Apr 21, 20268-K Executive or director change84
  8. Apr 17, 20268-K Financial statements and exhibits85
  9. Apr 3, 20268-K Executive or director change86
  10. Mar 26, 20268-K Entered a material agreement87
  11. Mar 23, 20268-K Regulation FD disclosure88
  12. Feb 19, 20268-K Results of operations89
  13. Feb 12, 20268-K Executive or director change90
  14. Feb 9, 2026New chief executive Richard Colin Watson becomes CEO18
  15. Mar 7, 2017New chief executive Richard G. Thornberry becomes CEO20
  16. Feb 10, 2006New chief executive Sanford A. Ibrahim becomes CEO21
  17. 1977Founded Founded1

Filings

523 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 84 major events, 290 insider forms, 21 large holders, 1 private raises, 107 other. The latest 20:

  1. Sep 15, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Sep 14, 2026144 EDGAR
  3. Sep 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Sep 8, 2026144 EDGAR
  5. Aug 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Aug 13, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Aug 11, 20268-K EDGAR
  8. Aug 10, 2026S-8 EDGAR
  9. Aug 7, 202610-Q EDGAR
  10. Aug 7, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Aug 7, 20264/A AMENDED STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Aug 7, 20264/A AMENDED STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Aug 7, 20263/A AMENDED INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Aug 6, 20268-K EDGAR
  15. Jul 16, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Jul 14, 2026144 EDGAR
  17. Jul 6, 2026144 EDGAR
  18. Jun 23, 2026144 EDGAR
  19. Jun 22, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  20. Jun 9, 2026144 EDGAR

The 523 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

79 open-market trades by officers, directors and large owners since October 2021: 3 buys and 76 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Bartholomew MeghanSr EVP Co-Head Radian GuarantySale7,812$35.94$280.8KForm 4
Jul 14, 2026Hoffman Edward JSr EVP, General CounselSale20,000$39.00$780.0KForm 4
Jun 3, 2026Bartholomew MeghanSr EVP Co-Head Radian GuarantySale1$34.68$33Form 4
Jun 3, 2026Conner Brad L.DirectorSale1,200$33.93$40.7KForm 4
Jun 2, 2026Weinbach Michael SChief Executive Officer- ElectBuy49,513$34.04$1.7MForm 4
Jun 1, 2026Weinbach Michael SChief Executive Officer- ElectBuy120,487$33.89$4.1MForm 4
May 29, 2026Leyden Margaret AnneDirectorSale2,070$34.59$71.6KForm 4
May 27, 2026CULANG HOWARD BERNARDDirectorSale3,612$36.00$130.0KForm 4
May 26, 2026CULANG HOWARD BERNARDDirectorSale5,000$36.20$181.0KForm 4
May 26, 2026Spiegel Noel JosephDirectorSale4,834$36.19$174.9KForm 4
May 8, 2026Hoffman Edward JSr EVP, General CounselSale15,000$38.00$570.0KForm 4
Apr 29, 2026Hoffman Edward JSr EVP, General CounselSale15,000$37.00$555.0KForm 4
Apr 23, 2026Hoffman Edward JSr EVP, General CounselSale15,000$36.00$540.0KForm 4
Apr 17, 2026Hoffman Edward JSr EVP, General CounselSale13,009$35.00$455.3KForm 4
Apr 10, 2026Hoffman Edward JSr EVP, General CounselSale1,991$35.00$69.7KForm 4
Dec 2, 2025Ray EricSr. EVP, Chief Digital OfficerSale13,957$35.60$496.9KForm 4
Oct 28, 2025Thornberry Richard GChief Executive OfficerSale20,000$33.24$664.8KForm 4
Sep 23, 2025Thornberry Richard GChief Executive OfficerSale20,000$36.28$725.6KForm 4
Sep 18, 2025Hoffman Edward JSr EVP, General CounselSale10,000$37.00$370.0KForm 4
Aug 26, 2025Thornberry Richard GChief Executive OfficerSale20,000$34.74$694.8KForm 4

All 79 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 2, 2026Raised $21.3 million in a private offering of equity Form D: 14 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.19,327,643$728.1M0.0%+382,285
Vanguard Portfolio Management LLC9,241,527$348.1M0.0%−106,203
Dimensional Fund Advisors LP6,070,437$228.7M0.0%+122,102
Vanguard Capital Management LLC5,991,073$225.7M0.0%−80,856
State Street Corp5,975,802$225.1M0.0%+223,603
American Century Companies Inc5,120,625$192.9M0.1%+536,112
Donald Smith & Co., Inc.4,329,811$163.1M2.9%−275,964
Geode Capital Management, LLC3,582,467$135.0M0.0%+166,625
Caisse de depot et placement du Quebec2,371,483$89.3M0.1%+1,026,888
Norges Bank2,234,835$84.2M0.0%New
Citadel Advisors LLC2,064,633$77.8M0.0%−36,413
Fuller & Thaler Asset Management, Inc.2,001,659$75.4M0.2%−77,318
Charles Schwab Investment Management Inc1,915,817$72.2M0.0%−36,862
Morgan Stanley1,903,708$71.7M0.0%+383,215
Jpmorgan Chase & Co1,731,691$65.7M0.0%+536,188
Northern Trust Corp1,707,998$64.3M0.0%+66,683
Polar Capital Holdings Plc1,660,000$62.5M0.2%+160,000
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,654,533$62.3M0.1%−7,633
Bruni J V & Co /co1,575,667$59.4M5.4%−13,637
Nuveen, LLC1,424,443$53.7M0.0%+575,781
VIRGINIA RETIREMENT SYSTEMS ET Al1,209,272$45.6M0.3%−431,300
Goldman Sachs Group Inc1,160,921$43.7M0.0%−39,115
Qube Research & Technologies Ltd1,140,174$43.0M0.0%+252,028
Allianz Asset Management GmbH1,267,823$42.8M0.0%−114,337
Bank of New York Mellon Corp1,135,373$42.8M0.0%+11,917

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Radian Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRADIAN GROUP INC2
  • CIK0000890926
  • Employer ID (EIN)23-269117017
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6351 Surety Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address550 East Swedesford Road, Suite 350, Wayne, PA 190872
  • Phone21556466002
  • Shares outstanding132,301,318 as of Aug 5, 202615
  • Public float$4.8B as of Jun 30, 202517
  • AuditorPricewaterhouseCoopers LLP, Philadelphia, Pennsylvania PCAOB ID 238; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceFeb 13, 19962
  • Filings2,602 in all: 4 (1,371), 8-K (384), SC 13G/A (106), 10-Q (92), 144 (85), 4/A (82), 3 (48), SC 13G (44)2
    All 57 form types

    5 (39), CORRESP (31), DEF 14A (30), UPLOAD (27), 10-K (26), 424B5 (26), 11-K (19), 425 (19), S-8 (18), ARS (15), DEFA14A (13), 8-K/A (12), S-8 POS (10), FWP (9), 424B3 (8), S-3 (6), S-3/A (6), 10-K/A (5), POS AM (5), PRE 14A (5), S-3ASR (5), S-4 (5), 10-K405 (4), 3/A (4), 10-Q/A (3), 5/A (3), 8-A12B/A (3), EFFECT (3), NT 10-K (3), SCHEDULE 13G/A (3), 305B2 (2), D (2), NT 10-Q (2), NT 11-K (2), S-4/A (2), SCHEDULE 13G (2), 15-15D (1), 25-NSE (1), 8-A12B (1), CERTNYS (1), DEFS14A (1), NO ACT (1), POSASR (1), PRES14A (1), RW (1), S-1 (1), S-1/A (1), SC TO-I (1), SC TO-I/A (1)

  • Latest filingsAnnual report (10-K) Feb 20, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 2, 2026
    Latest 8-K (8-K) Aug 11, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $.001 par value per shareRDNNew York Stock Exchange

From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Radian Group names in Item 1A of its 10-K filed Feb 20, 2026: 42 risks under these headings, as written.17

  • Legislation and administrative and regulatory changes and interpretations could impact our businesses.
  • Radian Guaranty may fail to maintain its eligibility status with the GSEs, and the additional capital required to support Radian Guaranty’s eligibility could reduce our available liquidity.
  • Our insurance subsidiaries are subject to comprehensive insurance regulations and other requirements, which we may fail to satisfy. Changes to existing regulation and supervisory standards, or failure to comply with them, could have a material adverse effect on our business, results of operations and financial condition.
  • Changes in the charters, business practices or role of the GSEs in the U.S. housing finance market generally, could significantly impact our Mortgage Insurance business.
  • The success of our Mortgage Insurance business depends on our ability to assess and manage our mortgage insurance underwriting risks; and the mortgage insurance premiums we charge may not be adequate to compensate us for our liability for losses and the amount of capital we are required to hold against our insured mortgage risks. We expect to incur losses for future mortgage defaults beyond what we have reserved for in our financial statements.
  • We establish our reserves for losses in our insurance businesses based on models, assumptions and estimates, which are subject to inherent uncertainties, and if incorrect, may result in us being required to take unexpected charges to income, which could adversely affect our results of operations.
  • Radian Guaranty’s Loss Mitigation Activity could negatively impact our relationships with our mortgage insurance customers and the GSEs, and changes to these activities could reduce the benefit that Radian Guaranty receives.
  • If our loss limitation strategy in our Specialty Insurance business is unsuccessful it could have a material adverse effect on our results of operations, financial condition or liquidity.
  • We use models, including artificial intelligence and machine learning models, to assist our decision making in key areas, such as underwriting, claims, pricing, reserving, investment management, capital assessment, risk management, reinsurance purchasing and other risk distribution strategies and the evaluation of catastrophe risk, but actual results could differ materially from the model outputs and related analyses.
  • Reinsurance may not be available, affordable or adequate to protect us against losses.
  • If the length of time that our mortgage insurance policies remain in force declines it could result in a decrease in our future revenues.
  • Delegated underwriting may subject us to unanticipated claims.
The other 30 risks
  • Our Mortgage Insurance business faces competition and changes in the competitive environment that could negatively impact our franchise value.
  • A decrease in the volume of mortgage originations could result in fewer opportunities for us to write new mortgage insurance business.
  • Our Specialty Insurance business faces competition and that competition could increase due to merger and acquisition activity in the industry.
  • Our Mortgage Insurance NIW and franchise value could decline if we lose business from significant customers.
  • Potential downgrades by rating agencies to the current financial strength ratings assigned to Radian Guaranty and/or the credit ratings assigned to Radian Group could adversely affect the Company.
  • Also, see below “We may face difficulties, unforeseen liabilities, or rating actions from our acquisition or the integration of Inigo and may not realize all of the anticipated benefits of such acquisition.”
  • Our Mortgage Insurance business depends, in part, on effective and reliable loan servicing.
  • The effects of inflation, trade and tariff disputes and global economic conditions impact the specialty insurance and reinsurance industry in ways which may negatively impact our business, financial condition and results of operations.
  • We rely upon proprietary technology and information, and if we are unable to protect our intellectual property rights, it could have a material adverse effect on us.
  • We face risks associated with our Mortgage Conduit business.
  • Actual or perceived instability in the financial services industry or non-performance by financial institutions or transactional counterparties could materially impact our business.
  • Global economic conditions could adversely affect our business, results of operations or financial condition.
  • The credit performance of our mortgage insurance portfolio is impacted by macroeconomic conditions and specific events that affect the ability of borrowers to pay their mortgages.
  • In our Specialty Insurance business, we could face losses from geopolitical tensions, hostilities, war, terrorism, pandemics, cyberattacks and general political instability, and these or other unanticipated losses could have a material adverse effect on our financial condition and results of operations.
  • Our success depends, in part, on our ability to manage risks in our investment portfolio.
  • Climate change and natural catastrophes could adversely affect our businesses, results of operations and financial condition.
  • Our reported earnings, stockholders’ equity and book value per share are subject to fluctuations based on changes in our investments that require us to adjust their fair market value.
  • The amount of capital that we must hold to maintain our various capital requirements can vary significantly from time to time and the capital needed to maintain those requirements may not be available or may only be available on unfavorable terms.
  • Our sources of liquidity may be insufficient to fund our obligations.
  • Our borrowing facilities and the Parent Guarantees we provide for the Master Repurchase Agreements to finance loan purchases in our Mortgage Conduit business contain covenants that are restrictive and could limit our operating flexibility. A default under a borrowing facility or these Parent Guarantees could trigger an event of default under the terms of our senior notes. We may not have access to funding under our borrowing agreements when we require it.
  • Our information technology systems may fail or become outmoded, be temporarily interrupted or otherwise cause us to be unable to meet our customers’ demands or to operate our business.
  • We could incur significant liability or reputational harm if the security of our information technology systems, or of our third-party vendors or service providers, is breached, including as result of a cyberattack, or we otherwise fail to protect confidential information, including personally identifiable information that we maintain.
  • We may not continue to pay dividends at the same rate we are currently paying them, or at all, and any decrease in or suspension of payment of a dividend could cause our stock price to decline.
  • We are subject to litigation and regulatory proceedings.
  • We rely on our management team and our business could be harmed if we are unable to retain qualified employees or successfully develop and/or recruit their replacements.
  • Investments to grow our existing businesses, pursue new lines of business or develop new products and services within existing lines of business subject us to additional risks and uncertainties.
  • We face risks associated with our acquisition of Inigo and our ability to successfully execute our strategic evolution into a global multi-line specialty insurer.
  • The use of the Intercompany Note to fund a portion of the Inigo acquisition reduced our liquidity and Radian Guaranty’s PMIERs Cushion, and subjects us to certain conditions and compliance obligations associated with the Intercompany Note which could adversely affect us and our financial condition.
  • We may face difficulties, unforeseen liabilities, or rating actions from our acquisition or the integration of Inigo and may not realize all of the anticipated benefits of such acquisition.
  • We face risks associated with our decision to divest our Mortgage Conduit, Title and Real Estate Services businesses and we may fail to realize the anticipated benefits of these strategic divestitures.

Legal proceedings

We are not currently subject to any material legal proceedings. See Note 13 of Notes to Consolidated Financial Statements for additional information regarding legal proceedings that may arise in the ordinary course of business and certain risks presented by such matters.

The opening of Item 3, Legal Proceedings.17

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89
  90. 90
  91. 91
  92. 92
  93. 93
  94. 94
  95. 95
  96. 96
  97. 97