RADIAN GROUP INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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
| December 31, | ||
|---|---|---|
| (In thousands, except per-share amounts) | 2024 | 2023 |
| Assets | ||
| Investments (Notes 5 and 6) | ||
| Fixed maturities | ||
| Available for sale—at fair value (amortized cost of $5,511,501 and $5,599,111) | $5,074,920 | $5,188,228 |
| Trading—at fair value (amortized cost of $89,479 and $110,484) | 82,652 | 106,423 |
| Equity securities—at fair value (cost of $144,579 and $92,124) | 138,189 | 89,057 |
| Residential mortgage loans held for sale—at fair value (Note 7) | 519,885 | 32,755 |
| Other long-term invested assets—at fair value | 7,942 | 8,625 |
| Short-term investments—at fair value (includes $125,723 and $149,364 of reinvested cash collateral held under securities lending agreements) | 521,648 | 660,566 |
| Total investments | 6,345,236 | 6,085,654 |
| Cash | 38,823 | 18,999 |
| Restricted cash | 2,649 | 1,066 |
| Accrued investment income | 49,053 | 45,783 |
| Accounts and notes receivable | 128,093 | 123,857 |
| Reinsurance recoverables (includes $444 and $59 for paid losses) | 36,433 | 25,909 |
| Deferred policy acquisition costs | 17,746 | 18,718 |
| Property and equipment, net | 27,637 | 63,822 |
| Prepaid federal income taxes (Note 10) | 921,080 | 750,320 |
| Other assets (Note 9) | 375,931 | 459,805 |
| Consolidated VIE assets (Note 7) | ||
| Securitized residential mortgage loans held for investment—at fair value | 717,227 | — |
| Other VIE assets | 4,080 | — |
| Total assets | $8,663,988 | $7,593,933 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Reserve for losses and LAE (Note 11) | $360,326 | $370,148 |
| Unearned premiums | 188,337 | 225,396 |
| Senior notes (Note 12) | 1,065,337 | 1,417,781 |
| Secured borrowings (Note 12) | 538,294 | 119,476 |
| Net deferred tax liability (Note 10) | 746,685 | 589,564 |
| Other liabilities (Note 9) | 431,556 | 473,763 |
| Consolidated VIE liabilities (Note 7) | ||
| Securitized nonrecourse debt—at fair value | 703,526 | — |
| Other VIE liabilities | 6,069 | — |
| Total liabilities | 4,040,130 | 3,196,128 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Common stock ($0.001 par value; 485,000 shares authorized; 2024: 168,350 and 147,569 shares issued and outstanding, respectively; 2023: 173,247 and 153,179 shares issued and outstanding, respectively) | 168 | 173 |
| Treasury stock, at cost (2024: 20,782 shares; 2023: 20,068 shares) | (968,246) | (945,870) |
| Additional paid-in capital | 1,246,826 | 1,430,594 |
| Retained earnings | 4,695,348 | 4,243,759 |
| Accumulated other comprehensive income (loss) (Note 15) | (350,238) | (330,851) |
| Total stockholders’ equity | 4,623,858 | 4,397,805 |
| Total liabilities and stockholders’ equity | $8,663,988 | $7,593,933 |
Consolidated Statements of Operations
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