RADIAN GROUP INC
For the period ended Mar 31, 2025. Filed May 2, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 2, 2025
RDN$36.76+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
| (In thousands, except per-share amounts) | March 31,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Investments (Notes 5 and 6) | ||
| Fixed maturities | ||
| Available for sale—at fair value (amortized cost of $5,479,486 and $5,511,501) | $5,112,192 | $5,074,920 |
| Trading—at fair value (amortized cost of $81,520 and $89,479) | 77,012 | 82,652 |
| Equity securities—at fair value (cost of $118,402 and $144,579) | 110,614 | 138,189 |
| Residential mortgage loans held for sale—at fair value (Note 7) | 279,097 | 519,885 |
| Other long-term invested assets—at fair value | 8,214 | 7,942 |
| Short-term investments—at fair value (includes $136,108 and $125,723 of reinvested cash collateral held under securities lending agreements) | 526,663 | 521,648 |
| Total investments | 6,113,792 | 6,345,236 |
| Cash | 24,182 | 38,823 |
| Restricted cash | 4,168 | 2,649 |
| Accrued investment income | 44,378 | 49,053 |
| Accounts and notes receivable | 127,741 | 128,093 |
| Reinsurance recoverables (includes $528 and $444 for paid losses) | 40,227 | 36,433 |
| Deferred policy acquisition costs | 17,855 | 17,746 |
| Property and equipment, net | 25,576 | 27,637 |
| Prepaid federal income taxes (Note 10) | 921,080 | 921,080 |
| Other assets (Note 9) | 381,846 | 375,931 |
| Consolidated VIE assets (Note 7) | ||
| Securitized residential mortgage loans held for investment—at fair value | 1,058,736 | 717,227 |
| Other VIE assets | 5,805 | 4,080 |
| Total assets | $8,765,386 | $8,663,988 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Reserve for losses and LAE (Note 11) | $374,945 | $360,326 |
| Unearned premiums | 178,931 | 188,337 |
| Senior notes (Note 12) | 1,065,965 | 1,065,337 |
| Secured borrowings (Note 12) | 272,667 | 538,294 |
| Net deferred tax liability | 804,149 | 746,685 |
| Other liabilities (Note 9) | 442,188 | 431,556 |
| Consolidated VIE liabilities (Note 7) | ||
| Securitized nonrecourse debt—at fair value | 1,029,008 | 703,526 |
| Other VIE liabilities | 10,707 | 6,069 |
| Total liabilities | 4,178,560 | 4,040,130 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Common stock ($0.001 par value; 485,000 shares authorized; 2025: 162,038 and 141,220 shares issued and outstanding, respectively; 2024: 168,350 and 147,569 shares issued and outstanding, respectively) | 162 | 168 |
| Treasury stock, at cost (2025: 20,818 shares; 2024: 20,782 shares) | (969,396) | (968,246) |
| Additional paid-in capital | 1,048,738 | 1,246,826 |
| Retained earnings | 4,802,038 | 4,695,348 |
| Accumulated other comprehensive income (loss) (Note 15) | (294,716) | (350,238) |
| Total stockholders’ equity | 4,586,826 | 4,623,858 |
| Total liabilities and stockholders’ equity | $8,765,386 | $8,663,988 |
Condensed Consolidated Statements of Operations (Unaudited)
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