Radian Group Inc. reported significant financial results for the first quarter of 2026, driven by the recent acquisition of Inigo, a specialty insurer. The company achieved total revenues of $466.3 million, a 58% increase from $294.8 million in the same period last year. This growth was primarily attributed to a rise in net premiums earned, which reached $402.5 million, up from $234 million in the prior year. The net income from continuing operations was $129.5 million, translating to a diluted earnings per share of $0.89, compared to $0.98 in the previous year.
The acquisition of Inigo, finalized on February 2, 2026, marked a strategic shift for Radian, expanding its operations from primarily mortgage insurance to a diversified global specialty insurer. The Specialty segment contributed $40 million in pretax operating income and $164.4 million in net premiums earned during its first two months of operation. The company’s total assets increased to $10.7 billion as of March 31, 2026, up from $8.1 billion at the end of 2025, reflecting the integration of Inigo's assets.
Operationally, Radian's Mortgage segment maintained a strong performance, with net premiums earned of $238.2 million and a provision for losses of $24.3 million, resulting in a loss ratio of 10.2%. The company reported a total insurance in force (IIF) of $281.7 billion, with new insurance written (NIW) amounting to $13.5 billion, a 42% increase from the previous year. The persistency rate for the mortgage insurance portfolio was 82.4%, indicating a stable customer base despite fluctuations in the refinancing market.
Looking ahead, Radian anticipates continued competitive pressures in the specialty insurance market, particularly in property and casualty lines. The company plans to focus on disciplined underwriting and risk management strategies to navigate these challenges. Radian's management expressed confidence in the long-term growth potential of both its Mortgage and Specialty segments, supported by a robust capital position and a commitment to maintaining financial strength amid evolving market conditions.
About RADIAN GROUP INC
Radian Group is a mortgage and real estate services company specializing in private mortgage insurance that supports affordable homeownership and mitigates default risks for lenders and investors. Its core business includes mortgage insurance, contract underwriting, mortgage conduit operations, title, and real estate services. The company leverages data, analytics, and technology to optimize risk management, diversify revenue streams, and enhance long-term profitability in the U.S. housing finance market.
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