Radian Group Q4 revenue beats expectations

Overview

• U.S. mortgage insurer's Q4 revenue rose, beating analyst expectations

• Adjusted operating income for Q4 beat estimates

• Company completed acquisition of Inigo, expanding into global specialty insurance

Outlook

• Radian expects Inigo acquisition to deliver mid-teens EPS accretion in 2026

• Company plans to pay over $600 mln in dividends to Radian Group in 2026

• Radian aims to expand as a global multi-line specialty insurer

Result Drivers

• MORTGAGE INSURANCE GROWTH - New insurance written reached $15.9 bln in Q4 2025, up from $13.2 bln in Q4 2024, contributing to record insurance in force

• INIGO ACQUISITION - Completed acquisition of Inigo in February 2026, expanding into global specialty insurance

• LOSS PROVISION INCREASE - Provision for losses rose to $22 mln in Q4 2025 from a de minimis amount in Q4 2024, amid increased defaults

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "buy."

• Wall Street's median 12-month price target for Radian Group Inc is $39.00, about 19.2% above its February 17 closing price of $32.73

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw9JDR9Ga

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