Quarterly ResultMay 7, 2026, 10:46 AM
Radian Q1 2026 Diluted EPS $0.93; Adjusted EPS $1.27; Completes Inigo Acquisition
AI Summary
Radian Group Inc. announced its first quarter 2026 financial results, reporting diluted net income from continuing operations per share of $0.93 and adjusted diluted net operating income per share of $1.27. The company completed its strategic acquisition of Inigo on February 2, 2026, establishing itself as a global multi-line specialty insurer, though the quarter included $49 million in acquisition-related expenses. Radian also achieved a 10% year-over-year growth in book value per share to $35.67 and executed $50 million in share repurchases, while continuing plans to divest its Mortgage Conduit, Title, and Real Estate Services businesses.
Key Highlights
- Completed acquisition of Inigo on February 2, 2026, becoming a global multi-line specialty insurer.
- Q1 2026 diluted net income from continuing operations per share was $0.93, compared to $1.03 in Q1 2025.
- Q1 2026 adjusted diluted net operating income per share was $1.27, up 22% from $1.04 in Q1 2025.
- Book value per share grew 10% year-over-year to $35.67 at March 31, 2026.
- Repurchased $50 million of shares and paid $35 million in dividends to stockholders during Q1 2026.
- Mortgage segment's New Insurance Written increased 42% year-over-year to $13.5 billion.
- Specialty segment (Inigo) reported $162 million in total gross premiums written since acquisition.
- Available holding company liquidity was $391 million as of March 31, 2026.