Radian Group Inc. (NYSE: RDN) reported fourth‑quarter and full‑year 2025 results on February 18, 2026. Net income from continuing operations rose to $159 million, or $1.15 per diluted share, compared with $164 million ($1.08) in the same quarter a year earlier. Full‑year 2025 net income from continuing operations was $618 million, or $4.39 per diluted share, versus $660 million ($4.28) in 2024.
Total revenue for the quarter reached $301 million, slightly below the consensus estimate of $302–$303 million. Net premiums earned were $237 million, essentially flat from the prior year. The revenue miss reflects a modest decline in legacy business revenue following the divestiture of mortgage‑conduit, title, and real‑estate services operations, while the core mortgage‑insurance segment maintained steady premium growth.
Earnings per share of $1.16 beat analyst expectations of $1.08–$1.11, a $0.05–$0.08 margin. The beat was driven by disciplined cost control and a favorable underwriting mix that kept loss ratios stable, allowing the company to preserve a pre‑tax profit margin of 66.9 % and a net margin of 43.7 % for the quarter.
Management reaffirmed its full‑year guidance, maintaining the outlook for continued growth in its specialty‑insurance portfolio. The results come after the completion of a $1.67 billion acquisition of Inigo, which is expected to double Radian’s annual revenue and broaden its product mix beyond mortgage insurance. The divestiture of non‑core businesses is positioned to streamline operations and focus capital on high‑margin specialty lines.
CEO Rick Thornberry said, 'We delivered a strong year in 2025, driven by the consistent performance of our mortgage insurance business and the disciplined way we manage risk and capital. Just as importantly, we took meaningful steps to shape our company for the future – simplifying our focus and acquiring Inigo to expand our reach as a global multi‑line specialty insurer.'
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