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Radian Group Inc (RDN)
NYSE:RDN
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.22Last Year’s EPS
0.99Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong core operating performance across mortgage insurance — record in‑force, higher NIW, stable premium yields, solid ROE, double‑digit book value growth, favorable credit reserve development and meaningful capital returns. Management also announced a transformative acquisition (Inigo) funded with internal liquidity that they expect to be accretive and to materially expand revenue and returns. Key near‑term risks discussed include an increased default inventory (seasonal/seasoning driven), a temporary reduction in holding company liquidity post‑acquisition and incomplete purchase accounting/integration items for Inigo which limit short‑term visibility. Overall, positive financial momentum and strategic progress outweigh the manageable near‑term challenges.Company Guidance
All‑time High Mortgage Insurance In‑Force
Mortgage insurance in‑force reached an all‑time high of $283 billion, up 3% year‑over‑year, supported by $55 billion of new insurance written (NIW) in 2025, a 6% increase versus 2024 (Q4 NIW $15.9 billion vs. $13.2 billion prior‑year quarter).
Strong Earnings and Per‑Share Results
Net income from continuing operations was $159 million in Q4 ($1.15 per share) and $618 million for the full year ($4.39 per share); share count declined 8% year‑over‑year contributing to EPS growth.
Attractive Returns on Equity and Book Value Growth
Return on equity was 13.5% in Q4 and 13.1% for the full year; book value per share grew 13% year‑over‑year to $35.29, with dividends contributing an additional ~3% of book value.
Revenue, Premiums and Investment Income Strength
Total revenues were $301 million in Q4 and $1.2 billion for the year; net premiums earned were $237 million in the quarter (highest level in over three years); investment portfolio of $6.1 billion generated $249 million of net investment income in 2025.
Credit Performance and Favorable Reserve Development
Provision dynamics were positive overall: maintained an initial default‑to‑claim assumption of 7.5% on new defaults, recorded $57 million provision for new defaults in Q4 and benefited from $35 million of positive reserve development, yielding a net provision expense of $22 million in Q4; cure trends remain strong with reserving using a 92.5% cumulative cure assumption.
Capital Returns and Share Repurchases
Radian Guaranty distributed $795 million to the holding company in 2025; Radian Group returned approximately $576 million to stockholders via dividends and share repurchases and repurchased ~13.5 million shares for $430 million during the year.
Strategic Acquisition of Inigo — Transformative Growth
Completed acquisition of Inigo for a purchase price paid at closing of ~$1.67 billion, funded with available liquidity (no new equity). Inigo had estimated tangible equity of $1.16 billion (net purchase multiple ~1.4x tangible equity). Management expects the acquisition to double annual revenues, be accretive to EPS and returns, and to earn mid‑teens returns through the cycle (Dan estimated roughly $170 million pretax incremental net income based on a step‑up from cash yields).
Strong Capital Buffer and Liquidity Management
PMIERs cushion was $1.6 billion at year‑end, well above the required level; completed excess‑of‑loss reinsurance covering ~ $373 million on certain 2016–2021 policies; leverage ratio declined to 18.3% and is expected to remain below 20% by year‑end 2026.
Divestiture Progress and Holding Company Liquidity Plan
Divestiture plan for Mortgage Conduit, Title and Real Estate Services is on track for completion by Q3 2026; holding company liquidity was expanded to $1.8 billion at year‑end prior to the Inigo close and management expects at least $600 million of dividends from Radian Guaranty to Radian Group in 2026 (including $140 million in Q1) to rebuild liquidity and repay a $200 million credit facility draw.
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 |
|---|---|---|---|
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% |
Apr 30, 2025 | $31.01 | $31.61 | +1.94% |
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 May 06, 2026, Before Open (Confirmed).
What is Radian Group Inc (RDN) earnings time?
Radian Group Inc (RDN) earnings time is at May 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDN EPS forecast?
RDN EPS forecast for the fiscal quarter 2026 (Q1) is 1.22.