RDN

EX-99.1

2 rdn-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

press release

August 5, 2026

Radian Announces Second Quarter 2026 Financial Results

— Second quarter revenue grew 93% year over year; Specialty represented 53% of net premiums earned —

— Transformation strategy continues to gain momentum with first full quarter Inigo results —

— Divestitures near completion as company sharpens focus on insurance —

— CEO transition supports strategic continuity and execution —

— Primary mortgage insurance in force reached a record $284 billion —

— Default rate declined from prior quarter, with continued favorable credit trends —

— $200 million ordinary dividend paid from Radian Guaranty to holding company during second quarter —

— Repurchased $76 million of shares and paid $37 million of dividends to stockholders during second quarter —

— Second quarter diluted net income from continuing operations per share of $0.87 with adjusted net operating income per share of $1.14 —

WAYNE, PA. August 5, 2026 - Radian Group Inc. (NYSE: RDN) today reported net income from continuing operations of $118 million, or $0.87 per diluted share, for the quarter ended June 30, 2026. This compares with net income from continuing operations of $154 million, or $1.11 per diluted share for the quarter ended June 30, 2025.

Pretax income from continuing operations for the quarter ended June 30, 2026, was $151 million compared to $193 million for the quarter ended June 30, 2025. The results for the second quarter of 2026 include $39 million of purchase accounting adjustments, amortization of acquired intangible assets and acquisition-related expenses related to the company’s acquisition of Inigo.

Adjusted pretax operating income for the quarter ended June 30, 2026, was $196 million compared to $191 million for the quarter ended June 30, 2025. Adjusted diluted net operating income per share for the quarter ended June 30, 2026, was $1.14 compared to $1.11 for the quarter ended June 30, 2025.

Key Financial Highlights

Quarter ended

($ in millions, except per-share amounts)

June 30, 2026

March 31, 2026 (1)

June 30, 2025

Consolidated

Total revenues

$575

$466

$299

Net premiums earned

$504

$403

$234

Net investment income

$75

$70

$62

Net income

$116

$124

$142

Net income from continuing operations

$118

$129

$154

Diluted net income from continuing operations per share

$0.87

$0.93

$1.11

Pretax income from continuing operations

$151

$174

$193

Adjusted pretax operating income (2)

$196

$232

$191

Adjusted diluted net operating income per share (2)

$1.14

$1.27

$1.11

Return on equity from continuing operations

9.8%

10.8%

13.6%

Adjusted net operating return on equity (2)

12.9%

14.7%

13.5%

Segment information (3)

Combined Ratio - Mortgage (4)

35.8%

30.2%

30.4%

Combined Ratio - Specialty (4)

97.7%

85.3%

N/A

New insurance written - Mortgage

$16,331

$13,490

$14,330

Gross premiums written - Specialty

$504

$162

N/A

As of

($ in millions, except per-share amounts)

June 30, 2026

March 31, 2026

June 30, 2025

Consolidated

Book value per share

$36.00

$35.67

$33.18

Accumulated other comprehensive income (loss) value per share

$(1.99)

$(1.94)

$(2.02)

Available holding company liquidity (5)

$412

$391

$784

Total investments

$6,986

$7,040

$5,680

Assets held for sale

$64

$280

$2,267

Liabilities held for sale

$30

$219

$2,071

Segment information

PMIERs Available Assets

$5,349

$5,445

$6,021

PMIERs excess Available Assets

$1,450

$1,596

$2,035

Primary mortgage insurance in force

$284,035

$281,718

$276,745

Percentage of primary loans in default

2.47%

2.51%

2.27%

N/A – Not applicable

(1) Includes Inigo results from the date of acquisition, February 2, 2026.

(2) Adjusted results, including adjusted pretax operating income, adjusted diluted net operating income per share and adjusted net operating return on equity, are on a continuing operations basis and are non-GAAP financial measures on a consolidated basis. For definitions and reconciliations of these measures to the comparable GAAP measures, see Exhibits F and G.

(3) See Exhibit E for additional segment information.

(4) Calculated as the sum of each segment’s reported provision for losses and operating expenses (which consist of amortization of policy acquisition costs and other operating expenses) expressed as a percentage of net premiums earned. See Exhibit E for additional details on the key ratios by segment.

(5) Represents Radian Group’s available liquidity without considering available capacity under its unsecured revolving credit facility.

Book value per share at June 30, 2026, was $36.00 compared to $35.67 at March 31, 2026, and $33.18 at June 30, 2025. This represents 8.5% growth in book value per share at June 30, 2026, as compared to June 30, 2025, and includes accumulated other comprehensive income (loss) of $(1.99) per share as of June 30, 2026, and $(2.02) per share as of June 30, 2025. Cha

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8-K

false000089092600008909262026-02-182026-02-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 18, 2026

Radian Group Inc. (Exact Name of Registrant as Specified in its Charter)

Delaware

1-11356

23-2691170

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

550 East Swedesford Road, Suite 350 Wayne, Pennsylvania, 19087 (Address of Principal Executive Offices, and Zip Code) (215) 231-1000 (Registrant’s Telephone Number, Including Area Code) (Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 par value per share

RDN

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition. On February 18, 2026, Radian Group Inc. (“Radian”) issued a news release announcing its financial results for the quarter and year ended December 31, 2025. A copy of this news release is furnished as Exhibit 99.1 to this report. The information included in this Item 2.02 of, or furnished with, this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01. Financial Statements and Exhibits. (d) Exhibits.

99.1*

Radian Group Inc. News Release dated February 18, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

RADIAN GROUP INC.

(Registrant)

Date: February 19, 2026

By:

/s/ Daniel Kobell

Daniel Kobell

Senior Executive Vice President and Interim Chief Financial Officer