Radian Group Inc. Reports $575 Million Revenue in Q2 2026, Driven by Inigo Acquisition

Radian Group Inc. reported significant financial results for the second quarter of 2026, driven by its recent acquisition of Inigo, a specialty insurer. The company achieved total revenues of $575 million, a substantial increase from $299 million in the same quarter of the previous year. This growth was primarily fueled by net premiums earned, which rose to $504 million from $234 million year-over-year. However, net income from continuing operations decreased to $118 million, or $0.87 per diluted share, compared to $154 million, or $1.11 per diluted share, in the prior year, reflecting increased expenses associated with the acquisition and higher provisions for losses.

The acquisition of Inigo, completed on February 2, 2026, for $1.67 billion, marked a strategic shift for Radian, expanding its operations from a U.S.-focused mortgage insurer to a global multi-line specialty insurer. The integration of Inigo's results contributed to the formation of two reportable segments: Mortgage and Specialty. The Mortgage segment reported net premiums earned of $236 million, while the Specialty segment generated $267 million in net premiums earned. The overall combined ratio for the Specialty segment was reported at 97.7%, indicating challenges in maintaining profitability amid competitive market conditions and increased loss assumptions.

Operationally, Radian's total assets increased to $10.66 billion as of June 30, 2026, up from $8.12 billion at the end of 2025. The company’s reserve for losses and loss adjustment expenses surged to $1.91 billion, reflecting the impact of the Inigo acquisition and increased claims activity. The Mortgage segment maintained a primary insurance in force (IIF) of $284 billion, while the Specialty segment's performance was influenced by market conditions, including softening pricing and geopolitical risks.

Looking ahead, Radian Group aims to focus on delivering consistent performance in its Mortgage segment while strategically developing its Specialty segment. The company anticipates continued challenges from competitive pressures and macroeconomic factors but remains optimistic about its long-term growth potential. Radian's management emphasized the importance of disciplined underwriting and capital management to navigate the evolving insurance landscape effectively.