**Radian Group Inc. Reports Financial Results and Strategic Developments**
Radian Group Inc. (NYSE: RDN) has released its financial results, showcasing a consolidated pretax income from continuing operations of $791 million and net income from continuing operations of $618 million, or $4.39 per diluted share, for the year ended December 31, 2025. This compares to a pretax income of $846 million and net income of $660 million, or $4.28 per diluted share, for the previous fiscal year. The company's adjusted pretax operating income was $802 million in 2025, versus $867 million in 2024, with adjusted diluted net operating income per share at $4.45 and $4.39, respectively.
A significant operational development was the writing of $55.2 billion in new insurance written (NIW), contributing to an increase in insurance in force (IIF) from $275.1 billion at the end of 2024 to $282.5 billion at the end of 2025. The company also completed a comprehensive strategic review, leading to a definitive agreement to acquire Inigo, a Lloyd’s specialty insurer, for $1.67 billion, which closed on February 2, 2026. This acquisition marks Radian's strategic transformation into a global multi-line specialty insurer.
Key operational developments included the entry into the 2025, 2026, and 2027 quota share reinsurance (QSR) Agreements with third-party reinsurance providers to cede a portion of NIW from July 2025 through June 2028. The company also entered into an excess-of-loss reinsurance agreement with a panel of highly rated third-party reinsurance providers. These actions are part of Radian's ongoing risk distribution strategies.
Looking ahead, Radian also announced the planned divestiture of its Mortgage Conduit, Title, and Real Estate Services businesses, expected to be completed no later than the end of the third quarter of 2026. The company significantly increased its available holding company liquidity to $1.8 billion at the end of 2025, compared to $885 million at the end of 2024, in preparation for the Inigo acquisition. Radian Group also amended and restated its unsecured revolving credit facility, increasing the committed borrowing capacity to $500 million with a maturity date of November 4, 2030. The company repurchased 13.4 million shares in 2025 at an average price of $32.06 per share, totaling $430 million, and increased its quarterly cash dividend by 4% from $0.245 to $0.255 per share.
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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