RADIAN GROUP INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
RDN$35.97-3.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
Table of ContentsGlossary
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (In thousands, except per-share amounts) | 2023 | 2022 |
| Assets | ||
| Investments (Notes 5, 6 and 7) | ||
| Fixed-maturities available for sale—at fair value (amortized cost of $5,599,111 and $5,587,261) | $5,188,228 | $5,017,711 |
| Trading securities—at fair value (amortized cost of $110,484 and $122,472) | 106,423 | 115,665 |
| Equity securities—at fair value (cost of $92,124 and $162,899) | 89,057 | 148,965 |
| Mortgage loans held for sale—at fair value | 32,755 | 3,549 |
| Other invested assets—at fair value | 8,625 | 5,511 |
| Short-term investments—at fair value (includes $149,364 and $99,735 of reinvested cash collateral held under securities lending agreements) | 660,566 | 402,090 |
| Total investments | 6,085,654 | 5,693,491 |
| Cash | 18,999 | 56,183 |
| Restricted cash | 1,066 | 377 |
| Accrued investment income | 45,783 | 40,093 |
| Accounts and notes receivable | 123,857 | 119,834 |
| Reinsurance recoverable (includes $59 and $18 for paid losses) | 25,909 | 25,633 |
| Deferred policy acquisition costs | 18,718 | 18,460 |
| Property and equipment, net (Note 2) | 63,822 | 70,981 |
| Goodwill and other acquired intangible assets, net (Note 2) | — | 15,285 |
| Prepaid federal income taxes (Note 10) | 750,320 | 596,368 |
| Other assets (Note 9) | 459,805 | 427,024 |
| Total assets | $7,593,933 | $7,063,729 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Unearned premiums | $225,396 | $271,479 |
| Reserve for losses and LAE (Note 11) | 370,148 | 426,843 |
| Senior notes (Note 12) | 1,417,781 | 1,413,504 |
| Secured borrowings (Note 12) | 119,476 | 155,822 |
| Reinsurance funds withheld | 130,564 | 152,067 |
| Net deferred tax liability (Note 10) | 589,564 | 391,083 |
| Other liabilities | 343,199 | 333,604 |
| Total liabilities | 3,196,128 | 3,144,402 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Common stock ($0.001 par value; 485,000 shares authorized; 2023: 173,247 and 153,179 shares issued and outstanding, respectively; 2022: 176,509 and 157,056 shares issued and outstanding, respectively) | 173 | 176 |
| Treasury stock, at cost (2023: 20,068 shares; 2022: 19,453 shares) | (945,870) | (930,643) |
| Additional paid-in capital | 1,430,594 | 1,519,641 |
| Retained earnings | 4,243,759 | 3,786,952 |
| Accumulated other comprehensive income (loss) (Note 15) | (330,851) | (456,799) |
| Total stockholders’ equity | 4,397,805 | 3,919,327 |
| Total liabilities and stockholders’ equity | $7,593,933 | $7,063,729 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.