Radian Group Inc (RDN)
NYSE:RDN
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.32Last Year’s EPS
1.01Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operating and financial outcomes — notably the successful acquisition of Inigo, substantial consolidated revenue growth (+58% YoY), higher adjusted EPS (+22% YoY), improved return on equity (+130 bps), book value growth (+10% YoY), robust mortgage portfolio metrics, and immediate capital returns (share repurchases and dividends). Challenges discussed were generally manageable and expected given the acquisition and market cycle: partial-period contribution from Inigo, a softening pricing environment in some specialty lines, some GAAP one-time impacts, rising claim severity trends to monitor, and short-term liquidity/leverage items (revolver outstanding and a 2027 debt maturity). Overall, positives and strategic advances materially outweigh the manageable risks and near-term items, supporting a constructive outlook for the combined company.Company Guidance
Strategic Acquisition of Inigo Completed
Closed acquisition of Inigo in early February for ~$1.7 billion, adding a complementary global specialty insurance franchise and providing immediate diversification across Mortgage and Specialty insurance businesses; Inigo contributed two months of results in Q1 and management described performance as consistent with expectations.
Strong Consolidated Revenue and Earnings Growth
Total revenues increased 58% year-over-year to $466 million; GAAP net income from continuing operations was $129 million ($0.93 per share); adjusted net operating earnings per share rose to $1.27, a 22% increase year-over-year.
Improved Profitability Metrics
Adjusted net operating return on equity increased to 14.7% (up over 130 basis points year-over-year); book value per share grew 10% year-over-year to $35.67 (plus an additional ~3% returned to book value via dividends over the past year).
Mortgage Insurance Business Remains Solid
Mortgage insurance in-force grew 3% year-over-year to $282 billion; new insurance written was $13.5 billion, up 42% year-over-year; persistency remained strong at 81.3%; mortgage operating expenses declined 6% year-over-year to $41 million and mortgage expense ratio improved to 20% from 21% a year ago.
Favorable Credit and Claims Trends in Mortgage Segment
Approximately 13,600 new defaults in the quarter (down 4% from prior quarter) and roughly 13,700 cures (cures exceeded new defaults), reducing the portfolio default rate to 2.51%; favorable development from prior period defaults was $36 million, consistent with recent quarters; favorable cure trends continued into April.
Specialty Segment Contributed Meaningfully in Initial Period
Specialty (Inigo) net premiums earned were $164 million for the partial-period contribution (2 months) and now represent 41% of consolidated net earned premiums; Specialty reported a net combined ratio of 85% and net expense ratio of 33% in the included period, with underwriting profitability and low natural catastrophe losses in the quarter.
Investment Income and Portfolio Strength
Total investment portfolio of $7.1 billion in well-diversified, highly rated securities; enterprise net investment income was $70 million for the quarter, a 14% increase year-over-year driven by higher investment balances.
Disciplined Capital Management and Shareholder Returns
Resumed opportunistic share repurchases: $50 million repurchased in Q1 and an additional $65 million in April (total $115 million YTD, 3.3 million shares); Radian Guaranty paid $140 million dividend to Radian Group in Q1 and Radian Group paid $35 million quarterly dividend to stockholders; management expects at least $600 million of dividends from Radian Guaranty to Radian Group in 2026.
RDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $35.73 | $37.62 | +5.29% |
Feb 18, 2026 | $32.07 | $32.52 | +1.39% |
Nov 04, 2025 | $33.80 | $33.51 | -0.87% |
Jul 30, 2025 | $32.78 | $31.90 | -2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Radian Group Inc (RDN) report earnings?
Radian Group Inc (RDN) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Radian Group Inc (RDN) earnings time?
Radian Group Inc (RDN) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is RDN EPS forecast?
RDN EPS forecast for the fiscal quarter 2026 (Q2) is 1.32.