What does mortgage insurance — ceding commissions earned mean?

Fees received by the primary insurer from a reinsurer as compensation for the costs of acquiring and administering the ceded insurance policies. This metric reflects the recovery of acquisition expenses and serves as a key indicator of the efficiency of the company's reinsurance strategy.

Radian Group RDN Mortgage Insurance — Ceding Commissions Earned

Similar metrics at other companies

LMNDCeding commission income

$23.6M-12.3%

WRBManagement And Performance Fees — Ceded commissions earned

$3M+200%

ESN

ESNTMortgage Insurance — Net premiums earned

$215.66M-1.1%

ESN

ESNTReinsurance — Reinsurance, Ceded Premiums Earned, Ceding Commission

-$352.5K-57.4%

MTGExcess of Loss Reinsurance Transactions — Ceded Premiums Earned

$17.78M+20.8%

LMNDDeferred ceding commission

$33.3M-45.4%

Other financials

Income statement

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Revenue$466.3M+58.2%

Gross profit$290.1M+0.4%

Net income$124.1M-14.2%

EPS (diluted)$0.89-9.2%

Balance sheet

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Cash & equivalents$95.3M+236%

Total debt$1.3B+3,561%

Total equity$4.8B+4.8%

Total assets$10.7B+21.5%

Cash flow

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Operating cash flow$285.0M+320%

CapEx$749.0K-31.3%

Free cash flow$284.3M+326%

Valuation

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Market cap$4.61B-6.0%

Profitability

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Gross margin96.9%+0.1pp

Net margin41.1%-8.7pp

FCF margin24.3%+14.4pp

Returns & leverage

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Return on equity12%-1.3pp

Debt / equity0.3×+0.3×

Where this comes from

Reported directly by Radian Group in its filing.

Tagged under the XBRL concept rdn:CedingCommissionsEarned.

The official record: Radian Group’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Radian Group's mortgage insurance — ceding commissions earned?: Radian Group (RDN) reported mortgage insurance — ceding commissions earned of $8.36M in Q1 2026.
What does mortgage insurance — ceding commissions earned mean?: Fees received by the primary insurer from a reinsurer as compensation for the costs of acquiring and administering the ceded insurance policies. This metric reflects the recovery of acquisition expenses and serves as a key indicator of the efficiency of the company's reinsurance strategy.