What does specialty segment operating — loss ratio mean?

The loss ratio for the specialty segment reflects the relationship between incurred losses and the premiums or service fees earned within this specific business unit. It serves as a key indicator of underwriting quality and the effectiveness of risk management practices for the segment's service offerings. A lower ratio indicates that the segment is successfully managing its exposure to claims and service-related liabilities.

Radian Group (RDN) Specialty Segment Operating — Loss Ratio

Screener

Other segment segments

Mortgage Segment Operating

12.4%—

Similar metrics at other companies

SPNTReinsurance — Loss Ratio

54.5%-2.1pp

NOD

NODKCrop — Loss Ratio

73%-6.1pp

SPNTInsurance & Services — Loss Ratio

56.7%0.0pp

NOD

NODKAll Other — Loss Ratio

23.3%+7.3pp

NOD

NODKHome And Farm — Loss Ratio

108.5%-18.2pp

NOD

NODKNon Standard Auto — Loss Ratio

-161.8%-278pp

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/E9×+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:LossRatio.

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
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 Ratio	12.4%	63.3%		11.3%	59.2%
Expense Ratio	23.4%	34.4%		21.7%	33.8%
Combined Ratio	35.8%	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 specialty segment operating — loss ratio?: Radian Group (RDN) reported specialty segment operating — loss ratio of 63.3% in Q2 2026.
What does specialty segment operating — loss ratio mean?: The loss ratio for the specialty segment reflects the relationship between incurred losses and the premiums or service fees earned within this specific business unit. It serves as a key indicator of underwriting quality and the effectiveness of risk management practices for the segment's service offerings. A lower ratio indicates that the segment is successfully managing its exposure to claims and service-related liabilities.