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
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Consolidated Statements of Operations
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| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per-share amounts) | 2025 | 2024 | 2023 |
| Revenues | |||
| Net premiums earned (Note 8) | $941,865 | $939,237 | $909,363 |
| Net investment income (Note 7) | 248,764 | 264,814 | 252,093 |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,890), $(7,821) and $(10,735)) (Note 7) | (24) | (4,347) | 9,405 |
| Other income | 6,479 | 6,595 | 6,441 |
| Total revenues | 1,197,084 | 1,206,299 | 1,177,302 |
| Expenses | |||
| Provision for losses | 66,768 | (2,248) | (42,136) |
| Policy acquisition costs | 25,039 | 27,316 | 24,578 |
| Other operating expenses | 245,759 | 247,618 | 244,793 |
| Interest expense (Note 12) | 68,290 | 88,006 | 86,188 |
| Total expenses | 405,856 | 360,692 | 313,423 |
| Pretax income from continuing operations | 791,228 | 845,607 | 863,879 |
| Income tax provision | 173,049 | 185,292 | 188,019 |
| Net income from continuing operations | 618,179 | 660,315 | 675,860 |
| Income (loss) from discontinued operations, net of tax | (35,539) | (55,875) | (72,741) |
| Net income | $582,640 | $604,440 | $603,119 |
| Net income per share | |||
| Basic | |||
| Net income from continuing operations | $4.43 | $4.33 | $4.27 |
| Income (loss) from discontinued operations, net of tax | (0.25) | (0.37) | (0.46) |
| Basic net income per share | $4.18 | $3.96 | $3.81 |
| Diluted | |||
| Net income from continuing operations | $4.39 | $4.28 | $4.22 |
| Income (loss) from discontinued operations, net of tax | (0.25) | (0.36) | (0.45) |
| Diluted net income per share | $4.14 | $3.92 | $3.77 |
| Weighted average number of common shares outstanding—basic | 139,445 | 152,465 | 158,140 |
| Weighted average number of common and common equivalent shares outstanding—diluted | 140,811 | 154,191 | 160,133 |
Consolidated Statements of Comprehensive Income
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