What does mortgage segment operating — combined ratio mean?

The combined ratio is the sum of the loss ratio and the expense ratio, representing the total cost of underwriting and operations relative to premiums earned. It serves as the definitive measure of the mortgage segment's underwriting profitability. A ratio below 100% indicates that the segment is generating an underwriting profit.

Radian Group RDN Mortgage Segment Operating — Combined Ratio

Similar metrics at other companies

ESN

ESNTMortgage Insurance — Combined ratio

34.8%+1.9pp

ACGLMortgage — Combined Ratio Percentage

22.3%+6.2pp

SIGIInsurance Operations — Combined Ratio

98.3%+2.2pp

AXSReinsurance — Combined Ratio

92.7%+0.4pp

ACGLMortgage — Loss ratio

5.3%+4.2pp

ESN

ESNTReinsurance — Combined ratio

69.6%+52.6pp

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$285.0M+320%

CapEx$749.0K-31.3%

Free cash flow$284.3M+326%

Valuation

See full

Market cap$4.61B-6.0%

Profitability

See full

Gross margin96.9%+0.1pp

Net margin41.1%-8.7pp

FCF margin24.3%+14.4pp

Returns & leverage

See full

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 us-gaap:CombinedRatio.

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

Ask your AI about Radian Group's mortgage segment operating — combined ratio.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Radian Group's mortgage segment operating — combined ratio?: Radian Group (RDN) reported mortgage segment operating — combined ratio of 30.2% in Q1 2026.
What does mortgage segment operating — combined ratio mean?: The combined ratio is the sum of the loss ratio and the expense ratio, representing the total cost of underwriting and operations relative to premiums earned. It serves as the definitive measure of the mortgage segment's underwriting profitability. A ratio below 100% indicates that the segment is generating an underwriting profit.