RADIAN GROUP INC
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
View on SEC.govAbout this filing
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.
Jun 30, 2025 · Filed Aug 1, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Results of Operations—All Other
The following table summarizes our All Other results of operations for the periods indicated.
| Summary results of operations - All Other | ||||||
|---|---|---|---|---|---|---|
| Three Months EndedJune 30, · ChangeFavorable(Unfavorable) · Six Months EndedJune 30, · ChangeFavorable(Unfavorable) | ||||||
| (In thousands) | 2025 | 2024 | 2025 vs. 2024 | 2025 | 2024 | 2025 vs. 2024 |
| Revenues | ||||||
| Net premiums earned | $3,994 | $2,913 | $1,081 | $6,629 | $4,771 | $1,858 |
| Services revenue | 10,990 | 13,064 | (2,074) | 23,023 | 25,557 | (2,534) |
| Net investment income | 19,481 | 23,664 | (4,183) | 39,604 | 43,311 | (3,707) |
| Net gains (losses) on investments and other financial instruments | (6,704) | (49) | (6,655) | (5,417) | 334 | (5,751) |
| Income (loss) on consolidated VIEs | 185 | — | 185 | 613 | — | 613 |
| Other income | (3) | 130 | (133) | (571) | 155 | (726) |
| Total revenues | 27,943 | 39,722 | (11,779) | 63,881 | 74,128 | (10,247) |
| Expenses | ||||||
| Provision for losses | 143 | 24 | (119) | (30) | (124) | (94) |
| Cost of services | 8,413 | 9,379 | 966 | 17,086 | 18,553 | 1,467 |
| Other operating expenses | 27,302 | 31,292 | 3,990 | 52,189 | 62,267 | 10,078 |
| Interest expense | 8,446 | 5,107 | (3,339) | 14,456 | 6,545 | (7,911) |
| Total expenses | 44,304 | 45,802 | 1,498 | 83,701 | 87,241 | 3,540 |
| Adjusted pretax operating income (loss) (1) | $(16,361) | $(6,080) | $(10,281) | $(19,820) | $(13,113) | $(6,707) |
(1)
Our senior management uses adjusted pretax operating income (loss) as our primary measure to evaluate the fundamental financial performance of each of our business segments. See Note 4 of Notes to Unaudited Condensed Consolidated Financial Statements.
Our All Other results include income (losses) from investments held at Radian Group and general corporate operating expenses not attributable or allocated to our reportable segment. All Other also includes the financial results of our immaterial operating segments, comprising our Mortgage Conduit, Title, Real Estate Services and Real Estate Technology businesses. Our All Other results may be subject to volatility from period to period as a result of mark-to-market changes in the value of mortgage assets held in our Mortgage Conduit business or seasonality and trends primarily impacting Title and Real Estate Services volumes, among other factors.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.