RADIAN GROUP INC
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
RDN$36.53+1.6%Stored close · as of Nov 9, 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) | 2025 | 2024 |
| Assets | ||
| Investments (Notes 6 and 7) | ||
| Fixed maturities | ||
| Available for sale—at fair value (amortized cost of $4,550,954 and $5,498,422) | $4,271,916 | $5,062,405 |
| Trading—at fair value (amortized cost of $70,050 and $89,479) | 65,661 | 82,652 |
| Equity securities—at fair value (cost of $45,619 and $144,579) | 36,632 | 138,189 |
| Other long-term invested assets—at fair value | 10,116 | 7,942 |
| Short-term investments—at fair value (includes $62,212 and $125,723 of reinvested cash collateral held under securities lending agreements) | 1,602,993 | 410,643 |
| Total investments | 5,987,318 | 5,701,831 |
| Cash | 24,829 | 19,220 |
| Restricted cash | 10 | 30 |
| Accrued investment income | 40,285 | 44,308 |
| Accounts and notes receivable | 120,197 | 120,990 |
| Reinsurance recoverables (includes $1,788 and $415 for paid losses) | 48,806 | 34,559 |
| Deferred policy acquisition costs | 19,018 | 17,746 |
| Property and equipment, net | 17,165 | 23,369 |
| Prepaid federal income taxes (Note 10) | 1,056,329 | 921,080 |
| Other assets (Note 9) | 334,172 | 358,962 |
| Assets held for sale (Note 3) | 474,268 | 1,447,440 |
| Total assets | $8,122,397 | $8,689,535 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Reserve for losses and LAE (Note 11) | $399,946 | $354,431 |
| Unearned premiums | 159,341 | 188,337 |
| Senior notes (Note 12) | 1,067,908 | 1,065,337 |
| Other borrowings (Note 12) | 41,207 | 45,865 |
| Net deferred tax liability | 942,193 | 772,232 |
| Other liabilities (Note 9) | 366,470 | 399,282 |
| Liabilities held for sale (Note 3) | 363,818 | 1,240,193 |
| Total liabilities | 3,340,883 | 4,065,677 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Common stock ($0.001 par value; 485,000 shares authorized; 2025: 156,913 and 135,498 shares issued and outstanding, respectively; 2024: 168,350 and 147,569 shares issued and outstanding, respectively) | 157 | 168 |
| Treasury stock, at cost (2025: 21,415 shares; 2024: 20,782 shares) | (989,745) | (968,246) |
| Additional paid-in capital | 861,211 | 1,246,826 |
| Retained earnings | 5,132,050 | 4,695,348 |
| Accumulated other comprehensive income (loss) (Note 15) | (222,159) | (350,238) |
| Total stockholders’ equity | 4,781,514 | 4,623,858 |
| Total liabilities and stockholders’ equity | $8,122,397 | $8,689,535 |
Consolidated Statements of Operations
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