Radian Group SEC Filings

Radian Group Inc. insider Watson Richard Colin filed an initial ownership report showing he beneficially owns 193,805 shares of the company’s common stock.

The filing lists these shares as held directly and identifies him as an officer of the company with the title "CEO, Inigo Limited."

Radian Group Inc. has expanded its board of directors from eleven to twelve members and appointed accomplished insurance executive Seraina Macia as a new director. Her compensation will follow the company’s standard program for non-employee directors, and there are no related-party arrangements or transactions connected to her appointment.

Macia brings more than 35 years of global insurance industry experience, including senior leadership roles at AIG, Zurich Insurance, XL North America, and as founder and CEO of Joyn Insurance. She currently serves as a Senior Advisor to Warburg Pincus’s Financial Services Group, focused on the property and casualty sector.

The company also disclosed that long-serving director Gregory Serio, on the board since 2012, intends to retire at the end of his term in May 2026. Radian’s leadership highlighted both Macia’s technology-focused, client-centric background and Serio’s contributions in risk management and corporate governance.

Radian Group Inc. completed its previously announced acquisition of all shares of U.K.-based Inigo Limited through its subsidiary Radian US Holdings Inc. for aggregate consideration of $1.67 billion, subject to post-closing adjustments based on tangible net asset value as of December 31, 2025.

Because Inigo’s closing tangible net asset value was estimated above $1.183 billion, Inigo paid a cash dividend to the A Share Sellers equal to the excess. To align management with shareholders, certain B Share Management Sellers received between 15% and 25% of their consideration in Radian common stock and were granted one-time employee cash retention awards totaling $25 million, vesting after two years of continued employment.

Radian also adopted an amended short-term incentive plan and a new 2021 equity compensation sub-plan for U.K. employees to integrate Inigo staff into its incentive and equity programs. Required historical and pro forma financial statements for the acquisition will be provided in a later amendment.

Radian Group Inc. disclosed that board member Gregory Serio, who has served on the company’s Board of Directors since 2012, plans to retire from the Board at the end of his current term. He informed the company on January 21, 2026 that he will not stand for reelection at Radian’s 2026 annual meeting of stockholders, and his retirement will be effective at that meeting.

The company stated that Mr. Serio’s decision did not involve any disagreement regarding Radian’s operations, policies, or practices, indicating that this is a planned transition rather than a result of conflict.

Radian Group Inc. entered into a $600 million intercompany note with its wholly owned subsidiary Radian Guaranty Inc. The note has a ten-year term and carries a 6.50% annual interest rate. Radian plans to use the proceeds to fund a portion of the purchase price to acquire Inigo Limited, with the acquisition expected to close in February 2026, subject to customary closing conditions.

The note was approved by the Pennsylvania Insurance Department, which imposed conditions. Radian agreed to provide enhanced reporting and to prepay the note, in whole or in part, if Radian Guaranty Inc. needs additional liquidity to meet policyholder obligations. While the note is outstanding, Radian Guaranty Inc. must obtain prior approval for all dividends for three years, which may be shortened or extended up to five years, and must maintain a minimum policyholders’ surplus of $500 million.

Radian Group Inc. executive reports routine stock vesting and tax withholding. The company’s EVP, Controller & CAO reported the vesting of 3,334 time-based restricted stock units on 12/20/2025, converting into the same number of common shares at an effective price of $0 per share under the equity plan. On the same date, 1,450 shares of common stock were withheld at $36.77 per share to cover taxes due on the RSU distribution. After these transactions, the executive directly beneficially owns 63,330 shares of Radian Group common stock, and the reported RSU award is fully settled with no derivative securities remaining from this grant.

Radian Group Inc. reported that its Non-Executive Chairman of the Board, a director of the company, acquired additional derivative equity-based compensation tied to its common stock. On 12/09/2025, the director received 521.192 dividend equivalent rights on previously awarded phantom stock units at an exercise price of $0.

These dividend equivalent rights mirror dividends paid on Radian’s common stock and will be settled in Radian common shares when the director retires from the Board of Directors. Following this transaction, the director beneficially owns 13,098.748 such derivative securities in direct form.

Radian Group Inc. reported an insider stock sale by a senior executive. On 12/02/2025, the company’s Senior Executive Vice President and Chief Digital Officer disposed of 13,957 shares of Radian Group common stock in an open market sale at a price of $35.60 per share, according to a Form 4 filing. After this transaction, the filing shows 0 shares beneficially owned by the reporting person. The filing is made by a single reporting person and is signed by an attorney-in-fact under power of attorney.

Radian Group Inc. entered into a new unsecured revolving credit facility providing $500 million of committed borrowing capacity, including a $100 million standby letter of credit sub‑facility. The agreement includes an accordion feature permitting up to an additional $250 million in term loans, delayed draw term loans, or added revolver commitments, subject to covenants and lender commitments.

The facility matures on November 4, 2030, with no borrowings outstanding at inception. Borrowings accrue interest at either an alternate base rate or SOFR, plus a ratings‑based margin of 0.125%–1.500% (base rate) or 1.125%–2.500% (SOFR). Quarterly commitment fees range from 0.150%–0.450%, also tied to ratings. Use of proceeds includes working capital, general corporate purposes, and growth initiatives.

Covenants include limits on indebtedness and liens, restrictions on dispositions and investments, maintenance of private mortgage insurer eligibility for Radian Guaranty Inc., and maintaining financial strength ratings from at least two agencies, plus financial tests on debt‑to‑capitalization and consolidated net worth.