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 appointed Jed Rhoads to its Board of Directors. Rhoads brings over 40 years of reinsurance experience, most recently holding senior executive positions at Markel Group Inc. for a decade. He previously served as Chairman of the Reinsurance Association of America.
Radian's Non-Executive Board Chairman Howard B. Culang highlighted Rhoads' extensive experience in leading global reinsurance operations as a valuable addition to the board's perspectives. CEO Rick Thornberry emphasized that Rhoads' skills align with Radian's core business and strategic goals, particularly in transforming risk into opportunity.
Radian Group Inc. (RDN) reported strong financial results for Q4 and full year 2024. The company achieved Q4 net income of $148 million ($0.98 per diluted share) and full-year net income of $604 million ($3.92 per diluted share). Key highlights include:
- Return on equity of 13.4% for full year 2024
- Book value per share grew 9% year-over-year to $31.33
- Primary mortgage insurance in force reached all-time high of $275.1 billion
- $675 million in ordinary dividends paid from Radian Guaranty to holding company
- Returned $376 million to stockholders through dividends and share repurchases
The company's Q4 new insurance written (NIW) was $13.2 billion, with purchase NIW decreasing 5% compared to Q3. Net mortgage insurance premiums earned remained stable at $235 million in Q4. The company maintained strong capital position with PMIERs excess Available Assets of $2.2 billion.
Radian Group (NYSE: RDN) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Thursday, February 6, 2025, at 11:00 a.m. Eastern time. The company will release its financial results after market close on Wednesday, February 5, 2025.
The conference call will be accessible through a live webcast on Radian's website, featuring a listen-only format. Participants interested in the Q&A session should register separately to receive dial-in numbers and a unique PIN. It's recommended to join 10 minutes before the event starts.
A digital replay of the webcast will be available on Radian's website for one year, approximately two hours after the live broadcast ends. Additional statistical and financial information referenced during the call will be accessible on the company's website under the For Investors section.
Radian Group Inc. (NYSE: RDN) announced that Derek Brummer, President of Mortgage Insurance, will retire on July 3, 2025, after 23 years with the company. Sumita Pandit, current Chief Financial Officer, will assume the expanded role of President and CFO upon Brummer's retirement, overseeing all aspects of Radian's mortgage insurance business.
Brummer joined Radian in 2002 as Chief Risk Officer and General Counsel for the company's former financial guaranty company, becoming Chief Risk Officer in 2013 and President of Mortgage Insurance in 2018. Pandit, who joined Radian in March 2023 as Chief Growth Officer and became CFO in May 2023, brings over two decades of investment banking experience, including roles at dLocal, J.P. Morgan, and Goldman Sachs.
Radian Group Inc. (NYSE: RDN) has received recognition from DBRS, Inc. (Morningstar DBRS) as an acceptable due diligence firm for business purpose loans and single-family rental RMBS transactions. Radian Real Estate Management stands as the longest-standing provider of diligence and valuations for institutional single-borrower, single-family rental securitizations, and warehouse lending transactions.
The company has been involved in nearly all SFR securitizations in the United States since the asset class began with the first SFR securitization in 2013. Morningstar DBRS's announcement on January 8, 2025, followed a comprehensive review of Radian's staffing, infrastructure, and capabilities as a third-party due diligence firm.
Elizabeth Park Capital Management (EPCM) has appointed J. Franklin Hall as partner and deputy portfolio manager. Hall, a financial services veteran, brings significant industry experience to the buyside investment platform. Prior to joining EPCM, Hall served as CFO at Radian Group (NYSE: RDN), where he successfully transformed the company's capital structure, leading to investment-grade credit ratings. His previous roles include COO and CFO positions at First Financial Bancorp (Nasdaq: FFBC), where he guided the firm through the 2008 Global Financial Crisis and managed several transformative acquisitions.
Hall's appointment is expected to strengthen EPCM's investment strategies and operations, leveraging his extensive experience in operational excellence and financial leadership. His career began at Ernst & Young before moving to Firstar Bank (now U.S. Bank) in its credit card division.
Radian Group (NYSE: RDN) has announced that its Board of Directors has approved a regular quarterly dividend of $0.245 per share. The dividend will be paid on December 10, 2024, to shareholders who are recorded as stockholders as of November 25, 2024.
Radian Group Inc. (RDN) reported net income of $152 million, or $0.99 per diluted share, for Q3 2024. The company achieved a return on equity of 13.2% and grew book value per share by 18% year-over-year to $31.37. Key highlights include $13.5 billion in New Insurance Written and primary mortgage insurance in force reaching $274.7 billion. The company returned $86 million to stockholders through dividends and share repurchases, while reducing its holding company debt-to-capital ratio to 18.5% following retirement of $450 million senior notes. Radian maintains strong liquidity with $844 million available at the holding company and $2.1 billion in PMIERs excess Available Assets.
Radian Group Inc. (NYSE: RDN) has announced record-breaking results for its annual 'Opens Doors Opens Hearts' fundraising campaign, raising nearly $475,000 for the MBA Opens Doors Foundation. The campaign received over $158,000 in donations, exceeding its $100,000 goal, with Radian matching two dollars for every dollar raised. The funds will support the Foundation's Home Grant Program, which provides up to $2,000 monthly in mortgage and rental assistance to families with critically ill or injured children. Since 2011, the Foundation has provided over $25 million in assistance through nearly 17,000 grants.
Radian Group Inc. (NYSE: RDN) has announced its upcoming third quarter 2024 earnings conference call. The call is scheduled for Thursday, November 7, 2024, at 10:00 a.m. Eastern time. The company will release its Q3 2024 results after market close on Wednesday, November 6, 2024.
Investors and interested parties can access the live webcast on Radian's website at https://radian.com/who-we-are/for-investors/webcasts or www.radian.com. The webcast is listen-only, but those wishing to participate in the Q&A session should follow the provided dial-in instructions.
A digital replay of the webcast will be available on Radian's website for one year after the live broadcast. Additional statistical and financial information expected to be discussed during the call will also be available on the company's website.