Radian Group Inc.
radian.comWhat Do They Do?
Insures home loans for mortgage lenders and mortgage investors, helping cover losses when borrowers default; also provides specialty insurance and reinsurance.
10-K for FY2025, filed Feb 20, 2026Our Mortgage Insurance segment aggregates, manages and distributes U.S. mortgage credit risk for the benefit of mortgage lending…View ↗
We are strategically focused on providing solutions that expand access to affordable, responsible and sustainable homeownership and help…View ↗
Private mortgage insurance plays an important role in the U.S. housing finance system because it supports affordable homeownership, while…View ↗
How Do They Make Money?
Mortgage insurance brings in monthly or annual premiums, or a single premium for multi-year coverage. Monthly premiums correspond to each month of coverage, while annual and single premiums are spread over the coverage period.
10-K for FY2025, filed Feb 20, 2026
$1.2B
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10-K for FY2025, filed Feb 20, 2026
$1.2B ↗
Who Are Their Customers?
Mortgage lenders, including mortgage banks, commercial banks, savings institutions, credit unions and community banks, are the principal customers for mortgage insurance.
10-K for FY2025, filed Feb 20, 2026The principal customers of our Mortgage Insurance business are mortgage originators such as mortgage banks, commercial banks, savings…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 49 cents of every revenue dollar as net income in FY2025 and turned 10 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 7, 2026
$115.9MView ↗
- ▼ −18%
- vs $141.8M in Q2 FY2025
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May 21, 2026
Michael Weinbach to succeed Richard Thornberry as CEO
Thornberry will retire as CEO and leave the board, then remain with Radian as a strategic adviser.
Sources
8-K, filed May 21, 2026
On May 21, 2026, the Board of Directors (the “Board”) of Radian Group Inc. (“Radian” or the “Company”) approved the appointment of Michael…View ↗
Shrinking. Revenue fell 10% in 4 years, from $1.3B in FY2021 to $1.2B in FY2025, about 3% a year.
Expansion into specialty insurance
The older report described mortgage and real estate businesses; the latest describes a global multi-line specialty insurer after Inigo, including specialty insurance and reinsurance.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 20, 2026We are a diversified mortgage and real estate services business. We provide mortgage insurance and other products and services to the real…View ↗
We are strategically focused on providing solutions that expand access to affordable, responsible and sustainable homeownership and help…View ↗
Planned exit from real estate services
The older report included title, real estate and technology products and a mortgage conduit; the latest says Radian plans to divest its Mortgage Conduit, Title and Real Estate Services businesses.
10-K for FY2022, filed Feb 24, 2023 10-K for FY2025, filed Feb 20, 2026Our Mortgage segment aggregates, manages and distributes U.S. mortgage credit risk for the benefit of mortgage lending institutions and…View ↗
In September 2025, following a comprehensive strategic review, we announced that we had entered into a definitive agreement to acquire…View ↗
Who Do They Compete With?
Competes with Arch Capital Group, Enact Holdings, Essent Group, MGIC Investment, and NMI Holdings
10-K for FY2025, filed Feb 20, 2026Arch Capital Group Ltd. (includes both Arch Mortgage Insurance Company and United Guaranty Residential Insurance Company);View ↗
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