RADIAN GROUP INC
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
RDN$36.76+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets (Unaudited)
| (In thousands, except per-share amounts) | September 30,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Investments (Notes 6 and 7) | ||
| Fixed maturities | ||
| Available for sale—at fair value (amortized cost of $5,360,398 and $5,498,422) | $5,074,425 | $5,062,405 |
| Trading—at fair value (amortized cost of $78,021 and $89,479) | 74,595 | 82,652 |
| Equity securities—at fair value (cost of $82,667 and $144,579) | 75,540 | 138,189 |
| Other long-term invested assets—at fair value | 8,830 | 7,942 |
| Short-term investments—at fair value (includes $118,649 and $125,723 of reinvested cash collateral held under securities lending agreements) | 618,644 | 410,643 |
| Total investments | 5,852,034 | 5,701,831 |
| Cash | 15,258 | 19,220 |
| Restricted cash | 11 | 30 |
| Accrued investment income | 43,031 | 44,308 |
| Accounts and notes receivable | 128,765 | 120,990 |
| Reinsurance recoverables (includes $1,430 and $444 for paid losses) | 44,837 | 34,559 |
| Deferred policy acquisition costs | 16,711 | 17,746 |
| Property and equipment, net | 18,663 | 23,369 |
| Prepaid federal income taxes (Note 10) | 1,012,629 | 921,080 |
| Other assets (Note 9) | 350,350 | 358,962 |
| Assets held for sale (Note 3) | 722,514 | 1,447,440 |
| Total assets | $8,204,803 | $8,689,535 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Reserve for losses and LAE (Note 11) | $387,650 | $354,431 |
| Unearned premiums | 166,165 | 188,337 |
| Senior notes (Note 12) | 1,067,251 | 1,065,337 |
| Other borrowings (Note 12) | 60,401 | 45,865 |
| Net deferred tax liability | 910,256 | 772,232 |
| Other liabilities (Note 9) | 410,232 | 399,282 |
| Liabilities held for sale (Note 3) | 550,399 | 1,240,193 |
| Total liabilities | 3,552,354 | 4,065,677 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Common stock ($0.001 par value; 485,000 shares authorized; 2025: 156,876 and 135,473 shares issued and outstanding, respectively; 2024: 168,350 and 147,569 shares issued and outstanding, respectively) | 157 | 168 |
| Treasury stock, at cost (2025: 21,403 shares; 2024: 20,782 shares) | (989,352) | (968,246) |
| Additional paid-in capital | 855,320 | 1,246,826 |
| Retained earnings | 5,012,742 | 4,695,348 |
| Accumulated other comprehensive income (loss) (Note 15) | (226,418) | (350,238) |
| Total stockholders’ equity | 4,652,449 | 4,623,858 |
| Total liabilities and stockholders’ equity | $8,204,803 | $8,689,535 |
Condensed Consolidated Statements of Operations (Unaudited)
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