What does specialty insurance — direct premiums earned mean?

Reflects the portion of direct premiums written that has been recognized as revenue over the policy period within the Specialty Insurance segment. It provides a more accurate view of the segment's actual revenue generation compared to written premiums, which are recognized upfront.

Radian Group (RDN) Specialty Insurance — Direct Premiums Earned

Screener

Other segment segments

Mortgage Insurance

$269.54M+2.9%

Similar metrics at other companies

ORISpecialty Insurance Group — Direct Premiums Earned

$2.04B+12.8%

ORISpecialty Insurance Segment — Direct Premiums Earned

$2.04B+12.8%

NOD

NODKNet Premium Earned — Direct Premiums Earned

$71.1M-13.9%

UHALLife Insurance — Direct Premiums Earned

$10.6M-7.9%

RLIProperty Insurance — Direct Premiums Earned

$176.26M-3.3%

RLISurety Insurance — Direct Premiums Earned

$40.39M+3.5%

Other financials

Income statement

See full

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/E9×+1.3×

P/S2.9×-0.8×

Profitability

See full

Gross margin96.9%+0.1pp

Net margin32.6%-16.3pp

FCF margin84.5%+55.2pp

Returns & leverage

See full

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:DirectPremiumsEarned.

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

Line item	Net Premiums Written / Three Months Ended June 30,	Net Premiums Written / Six Months Ended June 30,	Net Premiums Earned / Three Months Ended June 30,	Net Premiums Earned / Six Months Ended June 30,
Direct
Mortgage	$$255,014	$$507,518	$$262,044	$$523,955
Specialty	N/A	N/A	N/A	N/A
Total direct	255,014	507,518	262,044	523,955
Assumed
Specialty	N/A	N/A	N/A	N/A
Total assumed	N/A	N/A	N/A	N/A
Ceded

Item 1. Financial Statements (Unaudited)

FAQ

What is Radian Group's specialty insurance — direct premiums earned?: Radian Group (RDN) reported specialty insurance — direct premiums earned of $146.06M in Q2 2026.
What does specialty insurance — direct premiums earned mean?: Reflects the portion of direct premiums written that has been recognized as revenue over the policy period within the Specialty Insurance segment. It provides a more accurate view of the segment's actual revenue generation compared to written premiums, which are recognized upfront.