RADIAN GROUP INC
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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, 2026 · Filed May 8, 2026
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 31,2026 | December 31,2025 |
|---|---|---|
| Assets | ||
| Investments (Notes 6 and 7) | ||
| Fixed maturities | ||
| Available for sale—at fair value (amortized cost of $6,610,659 and $4,550,954) | $6,282,511 | $4,271,916 |
| Trading—at fair value (amortized cost of $50,835 and $70,050) | 46,290 | 65,661 |
| Equity securities—at fair value (cost of $32,717 and $45,619) | 24,954 | 36,632 |
| Other long-term invested assets—at fair value | 62,142 | 10,116 |
| Short-term investments—at fair value (includes $77,166 and $62,212 of reinvested cash collateral held under securities lending agreements) | 624,425 | 1,602,993 |
| Total investments | 7,040,322 | 5,987,318 |
| Cash | 55,445 | 24,829 |
| Restricted cash | 32,534 | 10 |
| Accrued investment income | 51,497 | 40,285 |
| Premiums and other receivables | 665,910 | 120,197 |
| Reinsurance recoverables (includes $26,760 and $1,788 for paid losses) | 356,521 | 48,806 |
| Deferred policy acquisition costs and VOBA | 188,673 | 19,018 |
| Goodwill and other acquired intangible assets (Note 3) | 420,738 | — |
| Prepaid federal income taxes (Note 10) | 1,056,329 | 1,056,329 |
| Other assets (Note 9) | 504,347 | 351,337 |
| Assets held for sale (Note 18) | 280,060 | 474,268 |
| Total assets | $10,652,376 | $8,122,397 |
| Liabilities and stockholders’ equity | ||
| Liabilities | ||
| Reserve for losses and LAE (Note 11) | $1,822,619 | $399,946 |
| Unearned premiums | 856,058 | 159,341 |
| Short-term borrowings (Note 12) | 494,730 | 33,320 |
| Long-term borrowings (Note 12) | 773,946 | 1,075,795 |
| Net deferred tax liability | 978,540 | 942,193 |
| Other liabilities (Note 9) | 697,989 | 366,470 |
| Liabilities held for sale (Note 18) | 219,233 | 363,818 |
| Total liabilities | 5,843,115 | 3,340,883 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity | ||
| Common stock ($0.001 par value; 485,000 shares authorized; 2026: 156,308 and 134,845 shares issued and outstanding, respectively; 2025: 156,913 and 135,498 shares issued and outstanding, respectively) | 156 | 157 |
| Treasury stock, at cost (2026: 21,463 shares; 2025: 21,415 shares) | (991,427) | (989,745) |
| Additional paid-in capital | 842,235 | 861,211 |
| Retained earnings | 5,220,411 | 5,132,050 |
| Accumulated other comprehensive income (loss) (Note 15) | (262,114) | (222,159) |
| Total stockholders’ equity | 4,809,261 | 4,781,514 |
| Total liabilities and stockholders’ equity | $10,652,376 | $8,122,397 |
Condensed Consolidated Statements of Operations (Unaudited)
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