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Radian Group RDN Mortgage Segment Operating — Expense Ratio

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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 rdn:ExpenseRatio.

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 purchase accounting adjustments, net (6)(26,726)(50,056)
Acquisition-related expenses and other non-operating items (7)(6,721)(28,747)
Pretax income from continuing operations$150,717$324,380
Key segment ratios
Loss Ratio12.4%63.3%11.3%59.2%
Expense Ratio23.4%34.4%21.7%33.8%
Combined Ratio35.8%97.7%33.0%93.0%
Segment assets as of period end$6,504,057$4,021,418

Item 1. Financial Statements (Unaudited)

FAQ

What is Radian Group's mortgage segment operating — expense ratio?
Radian Group (RDN) reported mortgage segment operating — expense ratio of 23.4% in Q2 2026.
What does mortgage segment operating — expense ratio mean?
This ratio measures the mortgage segment's operating expenses relative to its net premiums earned. It reflects the efficiency of the segment's administrative and operational cost structure. A lower ratio indicates that the company is successfully managing its overhead costs relative to its insurance revenue generation.

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