Welcome to our dedicated page for Radian Group news (Ticker: RDN), a resource for investors and traders seeking the latest updates and insights on Radian Group stock.
Radian Group Inc. (NYSE: RDN) news covers a finance and insurance company with a core focus on U.S. private mortgage insurance and a growing presence in specialty insurance. Company announcements describe Radian as a catalyst for homeownership that supports affordable, responsible, and sustainable access to mortgage credit through private mortgage insurance and related mortgage, risk, real estate, and title services.
On this page, readers can follow Radian’s key corporate developments, including earnings releases that detail net income, book value per share, mortgage insurance in force, and other operating metrics. Regular updates also report on dividends declared on Radian’s common stock and capital actions such as share repurchase authorizations and holding company liquidity.
RDN news frequently highlights strategic transactions and capital management initiatives. Recent items include the definitive agreement to acquire Inigo Limited, a Lloyd’s specialty insurer, which Radian characterizes as a step toward transforming from a leading U.S. mortgage insurer into a global, diversified multi-line specialty insurer. News also covers the planned divestiture of Radian’s Mortgage Conduit, Title, and Real Estate Services businesses, as well as reinsurance arrangements that distribute mortgage credit risk to third-party reinsurers.
Investors and analysts can also find notices of conference calls and webcasts where Radian’s management discusses quarterly results and strategic direction. By monitoring this news feed, users can track how Radian’s mortgage insurance operations, specialty insurance expansion, capital structure, and regulatory relationships evolve over time.
Radian Group Inc. (NYSE: RDN) has announced a quarterly dividend of $0.14 per share, set to be paid on December 3, 2021, to shareholders on record as of November 22, 2021. This decision reflects the company's commitment to providing income to its shareholders while maintaining a strong position in the mortgage and real estate services industry. Radian aims to support homeownership through comprehensive financial products and services powered by technology and data.
Radian Group Inc. (NYSE: RDN) announced that its subsidiary, Radian Guaranty Inc., secured $484 million in fully collateralized excess of loss reinsurance from Eagle Re 2021-2 Ltd. This coverage pertains to mortgage insurance policies written predominantly from January 1, 2021 to July 31, 2021. Eagle Re, a Bermuda-based insurer, issued five classes of mortgage insurance-linked notes to fund this reinsurance, with ratings assigned by Moody’s and DBRS, Inc.
In September 2021, the Radian Home Price Index reported a 17.6% annualized increase in home prices, marking six consecutive months of record growth. The median national home price soared to $294,488, rising significantly since the pandemic began. While demand remains high, the number of homes for sale is at a 13-year low. The South and West regions experienced the highest appreciation rates at 20.4% and 18.3%, respectively. Radian's HPI, derived from over 70 million addresses, aims to provide a comprehensive view of the U.S. housing market.
Radian Group reported a net income of $126 million ($0.67 per diluted share) for Q3 2021, down from $135.1 million ($0.70 per share) in Q3 2020. New Insurance Written grew 23% quarter-over-quarter to $26.6 billion, while primary mortgage insurance in force increased to $241.6 billion. The book value per share rose 9% year-over-year to $23.48. Homegenius revenues surged 51% year-over-year, totaling $45.1 million. Share buybacks included 7.1 million shares for $158.3 million. The company's liquidity stood at $1 billion, evidencing solid financial health.
Radian Group Inc. (NYSE: RDN) has priced $484 million in mortgage insurance-linked notes (ILNs) through its subsidiary, Eagle Re 2021-2 Ltd. This 12.5-year issuance aims to provide fully collateralized excess of loss reinsurance protection for existing mortgage insurance policies. Coverage is set to begin at a 2.25% cumulative claim rate, rising to a 6.75% aggregate detachment level. The transaction is expected to close on November 9, 2021. The ILNs are unregistered and non-recourse to Radian Group and its affiliates.
Radian Group Inc. (NYSE: RDN) will host a conference call on November 3, 2021 at 11:00 a.m. Eastern time to discuss its third quarter 2021 results. The results will be announced following market close on November 2, 2021. Investors can access the live broadcast via Radian's website or by calling 800.447.0521 (U.S.) or 847.413.3238 (international) with passcode 50246248. A digital replay will be available for two weeks post-call.
Radian Group Inc. (NYSE: RDN) launched the "Opens Doors Opens Hearts" fundraiser supporting the Mortgage Bankers Association’s Opens Doors Foundation. The initiative aids families with critically ill children in paying rent or mortgage during treatment. For every $50 raised, Radian sends a door decoration kit to hospitalized children and matches donations until October 22, 2021. Radian's ongoing commitment includes a $400,000 pledge over four years to enhance the foundation's partnership with the Children’s Hospital of Philadelphia.
Radian Group Inc. has announced a shift back to quarterly reporting of its operating statistics, marking an end to its monthly updates initiated during the COVID-19 pandemic. This decision reflects improving market conditions. The press release includes key metrics for September 2021, reporting a decrease in the beginning primary default inventory to 36,004 from 38,347 in August. New primary defaults increased to 2,791 compared to 2,592 in the previous month, while cures rose notably, reflecting positive adjustments in loan performance.
Radian Group Inc. (NYSE: RDN) reports a significant increase in U.S. home prices, with a 15.9% annualized rise in August, marking the third consecutive month of record growth. The Radian Home Price Index (HPI), deemed a top measure for housing market conditions, shows a 13.2% increase over the past six months. The median home price has reached $290,225, driven by robust demand for higher-priced homes. Despite slight softening signals, experts maintain a cautiously optimistic outlook, as the impact of ending emergency benefits may be limited for now.
Radian Group Inc. (NYSE: RDN) has expanded its innovative title insurance and closing services platform, titlegenius, into Arizona, California, Nevada, Ohio, and Pennsylvania, following its launch in Florida. The platform simplifies and secures the title insurance ordering process for consumers, providing transparency, competitive pricing, and efficient workflows for real estate agents. The company plans to further enhance its service offerings under its homegenius brand.