RADIAN GROUP INC

Radian Group Inc. announced the appointment of Barry C. McCarthy to its Board of Directors, effective August 10, 2026. This appointment increases the Board's size from eleven to twelve directors. Mr. McCarthy, who is currently the President, CEO, and a director of Deluxe Corporation, brings extensive experience in financial services, payments, data, and technology, which is expected to be valuable as Radian evolves as a specialty insurer.

Radian Group reported strong Q2 2026 financial results, with total revenues increasing 93% year-over-year to $575 million and adjusted diluted net operating income per share of $1.14. The company's transformation strategy gained momentum with the first full quarter of Inigo results, and divestitures are nearing completion to sharpen focus on insurance. Primary mortgage insurance in force reached a record $284 billion, while the Specialty segment's provision for losses included $169 million related to the Middle East conflict. The company repurchased $76 million of shares and paid $37 million in dividends during the quarter.

Radian Group's stockholders approved the 2026 Equity Compensation Plan on May 21, 2026. Concurrently, the Compensation Committee granted 2026 Long-Term Incentive Awards to executive officers, including Named Executive Officers. These awards consist primarily of performance-based restricted stock units (BV RSUs) tied to LTI Book Value per Share growth and time-based restricted stock units, vesting over three years. The BV RSUs have a target payout based on performance and can be adjusted by a Relative TSR Modifier, with a maximum payout of 200% of the target.

Radian Group Inc. announced the appointment of Michael Weinbach as CEO-Elect, effective June 1, 2026, and subsequently as Chief Executive Officer and a member of the Board, effective August 13, 2026. Mr. Weinbach will succeed Richard G. Thornberry, who will retire as CEO and resign from the Board on August 12, 2026, but will remain as Strategic Advisor until December 31, 2026. Mr. Weinbach brings extensive experience from roles at Mr. Cooper Inc., Wells Fargo & Company, and JPMorgan Chase. His compensation includes a $1,000,000 annual base salary and significant incentive awards.

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.

Radian Group Inc. announced that Eric R. Ray, its Senior Executive Vice President and Chief Digital Officer, will retire from his role and the company. His retirement is scheduled to become effective on July 1, 2026. The company stated that Mr. Ray's decision to retire was not a result of any disagreement with Radian Group Inc. regarding its operations, policies, or practices.