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Radian Group RDN Deferred Policy Acquisition Costs, Amortization Expense

Discontinued — last reported Q4 '25

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Segments

By segment

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Specialty Segment Operating$52.94M
Mortgage Segment Operating$6.88M

Other financials

Income statement

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Revenue$575.0M+92.6%
Gross profit$290.1M+0.4%
Net income$115.9M-18.3%
EPS (diluted)$0.85-16.7%

Balance sheet

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Cash & equivalents$156.6M+606%
Total debt$1.3B+3,644%
Total equity$4.8B+7.0%
Total assets$10.7B+11.2%

Cash flow

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Operating cash flow$342.9M+148%
CapEx$225.0K-81.2%
Free cash flow$342.7M+148%

Valuation

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Market cap$4.82B+6.4%
Enterprise value$5.93B+30.5%
P/E+1.3×
P/S2.9×-0.8×

Profitability

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Gross margin96.9%+0.1pp
Net margin32.6%-16.3pp
FCF margin84.5%+55.2pp

Returns & leverage

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Return on equity11.5%-1.5pp
Debt / equity0.3×+0.3×

Where this comes from

Reported directly by Radian Group in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

The source filing: Radian Group’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 4:17 PM EST
Fiscal year
FY2025
Accession
0001193125-26-061383
(In thousands, except per-share amounts)Years Ended December 31, 2025Years Ended December 31, 2024Years Ended December 31, 2023
Total revenues1,197,0841,206,2991,177,302
Expenses
Provision for losses66,768(2,248)(42,136)
Policy acquisition costs25,03927,31624,578
Other operating expenses245,759247,618244,793
Interest expense (Note 12)68,29088,00686,188
Total expenses405,856360,692313,423
Pretax income from continuing operations791,228845,607863,879

Item 8. Financial Statements and Supplementary Data

FAQ

What is Radian Group's deferred policy acquisition costs, amortization expense?
Radian Group (RDN) reported deferred policy acquisition costs, amortization expense of $4.28M in Q4 2025.
How has Radian Group's deferred policy acquisition costs, amortization expense changed year-over-year?
Radian Group's deferred policy acquisition costs, amortization expense decreased by 41.2% year-over-year, from $7.28M to $4.28M.
What is the long-term trend for Radian Group's deferred policy acquisition costs, amortization expense?
Over 4 years (2021 to 2025), Radian Group's deferred policy acquisition costs, amortization expense has grown at a -3.6% compound annual growth rate (CAGR), from $29.03M to $25.04M.
What does deferred policy acquisition costs, amortization expense mean?
This reflects the systematic recognition of costs directly associated with acquiring new insurance policies over the life of those policies. It provides insight into the company's long-term investment in customer acquisition and the timing of expense recognition relative to premium revenue.

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