RADIAN GROUP INC

Table of ContentsGlossary

Item 2. Properties

In addition to leases of other properties and facilities to support our business operations, we currently lease approximately 30,000 square feet of office and storage space for our corporate headquarters, located at 550 East Swedesford Road, Suite 350, in Wayne, Pennsylvania. This property is used by both our reportable segments and our corporate functions.

During 2021, in connection with our shift to a more flexible hybrid work environment following the onset of the COVID-19 pandemic, we made the decision to exit, and actively market for sublease, our former corporate headquarters comprised of 150,000 square feet of leased office and storage space at 1500 Market Street, West Tower, in Philadelphia, Pennsylvania. We have entered into agreements to sublease some of the vacated office space and continue to actively market the remaining space for sublease. In the future, we may choose to enter into additional sublease arrangements with regard to our other leased office locations.

We believe our existing properties are suitable and adequate for their intended use. See Note 13 of Notes to Consolidated Financial Statements for additional information regarding our lease commitments.