Radian Group Inc. filed a mixed shelf registration statement on February 23, 2026, giving the company the right to issue equity or debt securities over a 12‑month period. The filing does not disclose the size of any future offering; subsequent prospectus supplements will provide the specific details when an issuance is made.
The move comes as Radian completes its $1.67 billion acquisition of Inigo Limited, which expands the company into global specialty insurance and reinsurance. At the same time, Radian is planning divestitures of its mortgage conduit, title, and real‑estate services businesses, further reshaping its portfolio toward specialty lines.
Radian’s most recent quarterly results, released on February 18, 2026, show net income from continuing operations of $159 million and diluted earnings per share of $1.15, slightly below the $1.08 reported in Q4 2024. Adjusted diluted net operating income per share rose to $1.16, beating analyst estimates of $1.09. Total revenue of $300.5 million missed estimates of $333.8 million, largely due to a decline in mortgage‑insurance revenue. Book value per share increased 13% to $35.29, and mortgage‑insurance in force reached an all‑time high of $282.5 billion.
The earnings beat reflects disciplined cost management and a favorable mix of specialty‑insurance underwriting, while the revenue miss highlights temporary weakness in mortgage‑insurance demand. The mixed shelf provides Radian with the flexibility to fund integration of Inigo, pursue additional acquisitions, or support divestitures without the time and expense of new registration statements.
Management has indicated that the shelf will support the company’s strategic shift toward a global specialty insurer, allowing it to capitalize on growth opportunities and maintain capital adequacy as it scales its new business lines.
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