Earnings Releases·Nov 5, 2026, 8:00 AM ET

Radian Group Inc. — Third Quarter 2026 Earnings Summary

Total revenues surged 106% year-over-year to $624 million, driven by the Inigo acquisition, while net income from continuing operations rose 12% to $172 million ($1.28 per diluted share) compared to $153 million in Q3 2025.
The Mortgage segment achieved record primary mortgage insurance in force of $286 billion (+2% YoY) with a 36.6% combined ratio, though new insurance written declined 5% to $15 billion; the Specialty segment reported an 80.4% combined ratio supported by favorable prior period reserve development.
Capital return activities included $379 million in year-to-date share repurchases (8% of shares outstanding) and a $0.255 per share dividend, with $484 million remaining under the $750 million authorization expiring in December 2027.
Strategic portfolio adjustments are underway, including the completed sale of the Real Estate Services business, a definitive agreement to sell the Title business, and the substantial completion of the Mortgage Conduit wind-down.
Radian Guaranty reported $5.3 billion in Available Assets under PMIERs with $1.5 billion in excess, secured an additional $125 million in excess of loss reinsurance coverage, and expects over $650 million in total ordinary dividends for the full year 2026.