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Radian Group RDN Mortgage Insurance — Policyholder Benefits And Claims Incurred Net

Other segment segments

Specialty Segment Operating
$169.24M
Mortgage Segment Operating
$29.42M

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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:PolicyholderBenefitsAndClaimsIncurredNet.

The source filing: Radian Group’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:17 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340290
($ in thousands)Three Months Ended June 30, 2026 / MortgageThree Months Ended June 30, 2026 / SpecialtyThree Months Ended June 30, 2026 / TotalSix Months Ended June 30, 2026 / MortgageSix Months Ended June 30, 2026 / Specialty (1)Six Months Ended June 30, 2026 / Total
Other income1,2581,0822,3402,9212,4095,330
Total revenues293,221293,347586,568586,388475,9241,062,312
Less: expenses
Provision for losses29,418169,239198,65753,694255,507309,201
Amortization of deferred policy acquisition costs (3)6,88152,93759,81813,78082,00295,782
Other operating expenses (4)
Salaries and share-based employee expenses37,22115,92753,14867,23225,96493,196
Other non-employee operating expenses17,93122,51040,44135,06036,95472,014

Item 1. Financial Statements (Unaudited)

FAQ

What is Radian Group's mortgage insurance — policyholder benefits and claims incurred net?
Radian Group (RDN) reported mortgage insurance — policyholder benefits and claims incurred net of $29.42M in Q2 2026.
How has Radian Group's mortgage insurance — policyholder benefits and claims incurred net changed year-over-year?
Radian Group's mortgage insurance — policyholder benefits and claims incurred net increased by 146.1% year-over-year, from $11.95M to $29.42M.
What is the long-term trend for Radian Group's mortgage insurance — policyholder benefits and claims incurred net?
Over 2 years (2022 to 2025), Radian Group's mortgage insurance — policyholder benefits and claims incurred net has grown at a -55.6% compound annual growth rate (CAGR), from -$339.37M to $66.77M.
What does mortgage insurance — policyholder benefits and claims incurred net mean?
The total cost of insurance claims and related benefits incurred during the period, net of any reinsurance recoveries. This is a primary measure of underwriting performance and the direct cost of the insurance products provided to customers.

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