What does specialty insurance — premiums earned net mean?

Represents the net revenue recognized by the Specialty Insurance segment after accounting for both earned premiums from direct/assumed business and the amortization of ceded premiums. This is the primary measure of the segment's core insurance revenue.

Radian Group (RDN) Specialty Insurance — Premiums Earned Net

Screener

Other segment segments

Specialty Segment Operating

$267.36M—

Mortgage Insurance

$236.35M+1.2%

Mortgage Segment Operating

$236.35M+1.2%

Similar metrics at other companies

NOD

NODKNet Premium Earned — Premiums Earned Net

$65.02M-10.9%

THGSpecialty Lines — Premiums Earned Net

$365.8M+2.8%

UHALLife Insurance — Premiums Earned Net

$11.36M-10.1%

RLIProperty Insurance — Premiums Earned Net

$123.79M-5.3%

RLISurety Insurance — Premiums Earned Net

$36.39M-0.6%

HCIInsurance Operation — Premiums Earned Net

$195.08M+4.2%

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

See full

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

See full

Operating cash flow$342.9M+148%

CapEx$225.0K-81.2%

Free cash flow$342.7M+148%

Valuation

See full

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:PremiumsEarnedNet.

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 / Mortgage	Three Months Ended June 30, 2026 / Specialty	Three Months Ended June 30, 2026 / Total	Six Months Ended June 30, 2026 / Mortgage	Six Months Ended June 30, 2026 / Specialty (1)	Six Months Ended June 30, 2026 / Total
Net premiums earned	$236,349	$267,363	$503,712	$474,526	$431,714	$906,240
Net investment income (2)	55,614	24,902	80,516	108,941	41,801	150,742
Other income	1,258	1,082	2,340	2,921	2,409	5,330
Total revenues	293,221	293,347	586,568	586,388	475,924	1,062,312
Less: expenses
Provision for losses	29,418	169,239	198,657	53,694	255,507	309,201
Amortization of deferred policy acquisition costs (3)	6,881	52,937	59,818	13,780	82,002	95,782
Other operating expenses (4)

Item 1. Financial Statements (Unaudited)

FAQ

What is Radian Group's specialty insurance — premiums earned net?: Radian Group (RDN) reported specialty insurance — premiums earned net of $267.36M in Q2 2026.
What does specialty insurance — premiums earned net mean?: Represents the net revenue recognized by the Specialty Insurance segment after accounting for both earned premiums from direct/assumed business and the amortization of ceded premiums. This is the primary measure of the segment's core insurance revenue.