RADIAN GROUP INC (RDN) Form 10-Q — Nov 6, 2026
Radian Group's Q3 2026 10-Q shows net income from continuing operations of $172 million ($1.22 diluted EPS), up from $153 million ($1.03) a year ago, with a 14.6% return on equity and 16.3% adjusted net operating ROE. This is the first quarterly report fully integrating Inigo, the Lloyd's specialty insurer acquired in February 2026 for $1.67 billion. The new Specialty segment earned $311 million of net premiums in Q3 at an 80.4% combined ratio, while the legacy Mortgage segment posted a 36.6% combined ratio and $14.7 billion of new insurance written.
Key figures
- Eps
- 1.22
- Net Income
- 163655000
- Shares Outstanding
- 126437454
- Niw q3 2026
- $14.7 billion (down 5% YoY)
- Primary iif
- $285.7 billion
- Primary rif
- $75.9 billion
- Pmiers benefit
- $1.89 billion reduction in Minimum Required Assets
- Risk to capital
- 10.4:1
- Specialty gwp q3
- $310 million
- Other intangibles
- $419 million
- Goodwill recognized
- $7.0 million
- Inigo q3 net income
- $54.6 million
- Return on equity q3
- 14.6%
- Niw nine months 2026
- $44.5 billion (up 13% YoY)
- Share repurchases 9m
- 7.4 million shares at avg $35.44
- Q3 diluted eps prior year
- $1.03
- Mortgage combined ratio q3
- 36.6%
- Remaining buyback authority
- $601 million as of Sept 30, 2026 ($484 million after October repurchases)
- Specialty combined ratio q3
- 80.4%
- Q3 net income continuing ops
- $172.2 million
- Quarterly dividend per share
- $0.255
- Adjusted net operating roe q3
- 16.3%
- Acquisition related expenses 9m
- $33 million
- Inigo acquisition consideration
- $1.67 billion ($1.65 billion cash)
- Q3 2025 net income continuing ops
- $152.8 million
- Adjusted pretax operating income q3
- $292.8 million segment total / $254 million consolidated
AI analysis
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