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Radian Group Inc., together with its subsidiaries, provides mortgage insurance in the United States. It aggregates, manages, and distributes mortgage credit risk for the benefit of mortgage lending institutions and mortgage credit investors through private mortgage insurance on residential first-lien mortgage loans. The company also offers private mortgage insurance, specialty insurance, and reinsurance lines. It serves mortgage originators, such as mortgage banks, commercial banks, savings institutions, credit unions, and community banks. The company was formerly known as CMAC Investment Corp. and changed its name to Radian Group Inc. in June 1999. Radian Group Inc. was founded in 1977 and is headquartered in Wayne, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | - | $583M | $116M | 12.2% | -0.8% | -3.6% |
| 2024 | $1.2B | - | $604M | $-665M | 13.1% | 2.5% | 0.2% |
| 2023 | $1.2B | - | $603M | $521M | 13.7% | -1.1% | -18.8% |
| 2022 | $1.2B | - | $743M | $371M | 19.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,190.73 | 1,177.30 | 1,206.30 | 1,197.08 |
| EBIT | - | 1,037.23 | 950.07 | 929.34 | 859 |
| Pretax Income | - | 952.78 | 863.88 | 845.61 | 791.23 |
| Tax Provision | - | 209.84 | 188.02 | 185.29 | 173.05 |
| Net Income | - | 742.93 | 603.12 | 604.44 | 582.64 |
| Net Income Common Stockholders | - | 742.93 | 603.12 | 604.44 | 582.64 |
| Total Expenses | - | 237.95 | 313.42 | 360.69 | 405.86 |
| Interest Expense | - | 84.45 | 86.19 | 83.73 | 67.78 |
| Interest Income | 0.11 | - | - | - | - |
| Normalized Income | - | 742.93 | 675.86 | 663.65 | 618.58 |
| Market Cap | 4,851.30 | 4,851.30 | 4,851.30 | 4,851.30 | 4,851.30 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Radian Group Inc.this co. | RDN | $5.0B | 8.33↓ discount | 1.01 | 12.2% | - |
| Axos Financial, Inc. | AX | $5.4B | 12.50 | 2.02 | 16.1% | - |
| Mercury General Corporation | MCY | $5.3B | 9.88 | 2.21 | 22.4% | - |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.2B | 28.91 | 2.07 | 7.2% | - |
| Moelis & Company | MC | $5.1B |
| - |
| - |
| - |
| - |
| 21.45 |
| 8.80 |
| 41.0% |
| 16.65 |
| Atlantic Union Bankshares Corporation | AUB | $5.0B | 19.55 | 1.07 | 5.5% | - |
| Virtu Financial, Inc. | VIRT | $4.4B | 8.97 | 2.66 | 29.6% | 6.10 |
| ServisFirst Bancshares, Inc. | SFBS | $4.3B | 15.65 | 2.34 | 15.0% | - |
| United Community Banks, Inc. | UCB | $4.1B | 12.07 | 1.09 | 9.0% | - |
| Peer Median | - | 14.08 | 2.14 | 15.6% | 11.38 | |