Every 8-K that Radian Group Inc. (RDN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RDN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RDN filings page.
Radian Group Inc. appointed Barry C. McCarthy to its Board of Directors effective August 10, 2026. The Board was increased from eleven to twelve directors to accommodate his appointment. McCarthy will receive compensation consistent with Radian’s standard arrangements for non-employee directors.
The company states there is no arrangement or understanding with any other person related to his appointment and that he has no direct or indirect material interest in any company transaction. McCarthy is President, Chief Executive Officer and a director of Deluxe Corporation and brings nearly four decades of leadership experience across payments, financial technology, financial services, software, data and analytics.
Radian Group Inc. reported second quarter 2026 net income from continuing operations of $118 million, or $0.87 per diluted share, on total revenues of $575 million. Revenue grew 93% year over year, driven by the acquisition of Inigo and expansion of the new Specialty segment, which represented 53% of net premiums earned. Adjusted pretax operating income was $196 million and adjusted diluted net operating income per share was $1.14, both slightly above the prior-year quarter.
The Mortgage segment generated adjusted pretax operating income of $208 million with a low combined ratio of 35.8% and record primary mortgage insurance in force of $284 billion, while the Specialty segment delivered $29 million of adjusted pretax operating income and a combined ratio of 97.7% amid elevated loss provisions tied to the Middle East conflict. Book value per share increased to $36.00, and Radian returned capital through $76 million of share repurchases and $37 million of common dividends in the quarter, supported by $412 million of holding company liquidity and $1.5 billion of PMIERs excess Available Assets. The company is nearing completion of its divestitures, including the wind-down of its Mortgage Conduit business and the sale of Real Estate Services, and has agreed to sell its Title business.
Radian Group Inc. updated its executive compensation and severance structure after stockholders approved the company’s 2026 Equity Compensation Plan. The board’s compensation committee granted 2026 long-term incentive awards to senior executives, heavily weighted toward performance-based restricted stock units tied to growth in LTI Book Value per Share and modified by relative total stockholder return within the S&P SmallCap 600 Financials index.
The performance awards can pay from 0% to 200% of target based on three-year results, with an added one-year post-vesting holding period and double-trigger change-of-control protection. Executives also received time-based RSUs vesting in three annual installments, subject to detailed treatment on different termination events, including retirement, death, disability, involuntary termination, and change of control.
Radian also approved new or amended executive severance agreements that broaden the definition of Good Reason to include certain relocations and improve equity vesting terms following company-initiated terminations. Updated restrictive covenant agreements expand the 12‑month noncompetition scope to additional countries reflecting Radian’s acquisition of Inigo Limited. Stockholders elected all director nominees and approved all proposals presented at the 2026 annual meeting, based on the vote totals disclosed.
Radian Group Inc. is implementing a planned CEO transition and related compensation arrangements. The board appointed Michael Weinbach, 52, as CEO‑Elect effective June 1, 2026, and as Chief Executive Officer and director effective August 13, 2026. He will succeed Richard G. Thornberry, who will retire as CEO and director effective August 12, 2026 and then serve as Strategic Advisor through December 31, 2026.
Under a new employment agreement, Weinbach will receive a $1,000,000 annual base salary, a prorated 2026 STI target of $1,166,666, and a 2026 long‑term incentive award valued at $6,000,000 in performance‑based RSUs. Beginning in 2027, his total target compensation will be at least $9,000,000 per year. He will also receive sign‑on equity in the form of $2,500,000 of performance stock units and time‑based RSUs over up to 150,000 shares, subject to a share‑purchase “match” and multi‑year vesting and holding requirements. Radian adopted a 2026 Inducement Grant Equity Plan authorizing up to 500,000 shares for inducement awards, including Weinbach’s grants. Thornberry’s amended agreement provides for continued service through the transition and a post‑retirement consulting arrangement at $83,333 per month for six months.
Radian Group Inc. reported mixed but strategically important first quarter 2026 results following its acquisition of Inigo, transforming the company into a global multi-line specialty insurer. Net income from continuing operations was $129 million, down from $152 million a year earlier, with diluted EPS from continuing operations at $0.93 versus $1.03. GAAP results were pressured by $49 million of acquisition-related expenses and purchase accounting impacts tied to Inigo.
On a non-GAAP basis, performance strengthened: adjusted pretax operating income rose to $232 million from $201 million, and adjusted diluted net operating income per share increased to $1.27 from $1.04, a 22% year-over-year gain. Adjusted net operating return on equity improved to 14.7%. Total revenues climbed to $466 million, driven by mortgage and newly added specialty premiums.
Mortgage results remained strong, with a combined ratio of 30.2%, primary insurance in force of $281.7 billion, and new insurance written of $13.5 billion, up 42% year-over-year. The Specialty segment, largely Inigo, delivered $40 million of adjusted pretax operating income and a combined ratio of 85.3%. Book value per share rose 10% year-over-year to $35.67.
Capital actions were significant. Radian Guaranty paid a $140 million ordinary dividend to the holding company, and Radian repurchased 1.5 million shares for $50 million in the quarter plus another 1.9 million shares for $65 million in April, exhausting a prior $900 million authorization and moving to a new $750 million program. The company also paid $35 million in common dividends and ended the quarter with $391 million of holding company liquidity and $350 million of undrawn revolver capacity.
Radian continues to exit non-core businesses. Discontinued operations posted a net loss of $5 million, and the company decided to wind down its Mortgage Conduit business while pursuing sales of its Title and Real Estate Services units, expecting divestitures by the end of the third quarter of 2026. PMIERs excess Available Assets at Radian Guaranty were strong at $1.6 billion, supporting the insurance capital position even as the balance sheet absorbed higher reserves and goodwill from Inigo.
Radian Group Inc. reported that Eric R. Ray, Senior Executive Vice President and Chief Digital Officer, has decided to retire from his role and from the company. He notified Radian on April 20, 2026, and his retirement will be effective July 1, 2026.
The company states that Mr. Ray’s decision to retire is not due to any disagreement regarding Radian’s operations, policies or practices. Radian is incorporated in Delaware and its common stock trades on the New York Stock Exchange under the symbol RDN.
Radian Group Inc. filed an amended current report to add full-year 2025 financials for its newly acquired subsidiary Inigo Limited and pro forma combined information for the year. These disclosures show how Inigo’s specialty insurance and reinsurance business fits into Radian’s consolidated profile.
Inigo reported 2025 gross premiums written of $1,522,669k, profit before tax of $291,065k and profit for the year of $215,392k. Total assets were $3,426,612k and shareholder funds $1,171,864k, supported by net cash from operating activities of $429,449k. The auditor issued a qualified opinion solely because no comparative period is presented, and highlighted that Inigo reports under UK FRS 102 with a reconciliation to U.S. GAAP.
Radian Group Inc. is amending a prior report to detail the compensation package for Daniel Kobell, who was appointed Senior Executive Vice President and Interim Chief Financial Officer effective February 12, 2026.
Effective February 21, 2026, Mr. Kobell’s annual base salary is set at $500,000. He is eligible for the company’s short-term incentive program with a target award equal to 100% of base salary, prorated from the salary increase date. He is also eligible for long-term equity incentive programs, with a $1,000,000 target award for 2026, subject to future review by the Compensation and Human Capital Management Committee as described in the company’s 2026 proxy statement.
Radian Group Inc., through its subsidiary Radian Mortgage Capital LLC, amended its mortgage loan financing facility with Everbank Bank, N.A. The Second Amendment to the Master Repurchase Agreement decreases the maximum borrowing amount to $25 million, while all other terms, including the parent guaranty by Radian Group Inc., remain unchanged.
Radian Group Inc. filed a report explaining that the Society of Lloyd’s has posted the 2025 annual accounts for Syndicate 1301, the Lloyd’s syndicate through which recently acquired Inigo Limited writes insurance and reinsurance business. These UK GAAP accounts show Syndicate 1301’s results on a standalone basis and are not the consolidated financials of Inigo or Radian.
Radian plans to file, by no later than April 17, 2026, the financial statements and pro forma financial information required in connection with its February 2, 2026 acquisition of Inigo, including audited 2025 consolidated results for Inigo on a US GAAP basis. The company also highlights its investor relations website as a key channel for future Inigo-related disclosures and reiterates standard cautions regarding forward-looking statements contained in the Syndicate 1301 accounts.
Radian Group Inc. reported solid fourth quarter and full year 2025 results while closing a transformative acquisition. Net income from continuing operations was $159 million, or $1.15 per diluted share, for the quarter and $618 million, or $4.39 per diluted share, for the year.
Full year 2024 net income from continuing operations was $660 million, or $4.28 per diluted share, so earnings slipped modestly while per-share results improved. Book value per share rose 13% year-over-year to $35.29, supported by improved accumulated other comprehensive income.
The mortgage insurance portfolio continued to grow, with primary insurance in force reaching an all‑time high of $282.5 billion and 2025 new insurance written of $55.2 billion. Radian returned $576 million to stockholders via dividends and buybacks, funded in part by $795 million of distributions from Radian Guaranty.
On February 2, 2026, Radian completed the strategic acquisition of Inigo, a Lloyd’s specialty insurer, for $1.67 billion in a primarily all‑cash deal. Management expects the transaction to roughly double total annual revenue and to be accretive to earnings per share and return on equity in 2026.
Radian Group Inc. reported that, effective February 12, 2026, Sumita Pandit no longer serves as President and Chief Financial Officer. Her departure is treated as an involuntary termination, and she will receive compensation and benefits applicable to a “Qualifying Termination” under her Executive Severance Agreement.
The board elevated long-standing internal leaders. Daniel Kobell was appointed Senior Executive Vice President and interim Chief Financial Officer, reporting to CEO Richard Thornberry, while Robert J. Quigley became Senior Executive Vice President, Controller and Chief Accounting Officer. Both have many years of experience in Radian’s finance organization.
The board also restructured management of the mortgage insurance business. Meghan Bartholomew and Steve Keleher were appointed Senior Executive Vice Presidents and Co-Heads of Mortgage Insurance, each responsible for different aspects of credit, risk, pricing, portfolio management, underwriting, and sales, and both reporting directly to the CEO.
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. 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.
Radian Group Inc. furnished a news release announcing its financial results for the quarter ended September 30, 2025. The release was provided as Exhibit 99.1 to a Form 8-K dated November 4, 2025 under Item 2.02 (Results of Operations and Financial Condition).
The company stated that the information furnished under Item 2.02, and the attached exhibit, is not deemed “filed” for purposes of Section 18 of the Exchange Act and is not incorporated by reference unless specifically stated. No additional financial details are included in this report beyond the furnished news release.
Radian Group Inc. announced agreements to acquire Inigo Limited and related corporate actions. Radian US Holdings agreed to buy 100% of Inigo Group for a base purchase price of $1.7 billion subject to post-closing tangible net asset adjustments and potential cash dividend mechanics if certain tangible NAV thresholds are exceeded. Radian US may terminate the agreement if total consideration plus withholding tax exceeds $1.7 billion.
The company plans a $600 million ten-year intercompany note bearing 6.50% to fund part of the transaction, approved by the Pennsylvania Insurance Department with conditions including enhanced reporting, prior approval for dividends by RGI for up to three years and maintaining a minimum policyholders' surplus of $500 million. Radian amended bylaws to add exclusive Delaware forum provisions. Certain businesses are being marketed for divestiture and are expected to be classified as held-for-sale and reported as discontinued operations beginning with the period ended September 30, 2025.
Radian Group Inc. executed Amendment No. 3 to a Master Repurchase Agreement dated August 28, 2025 that names JPMorgan Chase Bank, N.A. as administrative agent (and assignee of Flagstar Bank, N.A.), Radian Mortgage Capital LLC as seller, and Radian Group Inc. as guarantor. The amendment is described as a material event on an 8-K and the filing includes an interactive data cover page within the Inline XBRL. The filing was made with a registrant date of September 3, 2025 and is signed by Liane Browne, Senior Vice President. The document text does not disclose the amendment's financial terms, collateral details, or changes to obligations.