The Inigo acquisition transforms Radian's revenue base, but integration costs weighed on GAAP earnings. Watch for margin expansion and synergy realization in upcoming quarters, as well as the progress of the ongoing divestiture of Title and Real Estate Services businesses.
Price Chart
Executive Summary
Radian Group reported Q1 2026 adjusted diluted EPS of $1.27, beating consensus of $1.25 by 1.5%, and total revenues surged 58% YoY to $466M, driven by the acquisition of Inigo on February 2, 2026. However, GAAP net income from continuing operations fell 15% to $129M due to $49M in acquisition-related expenses. The company repurchased $50M in shares and paid $35M in dividends during the quarter.
Key Financial Metrics
Key Facts
- Adjusted diluted EPS $1.27 vs $1.04 YoY (+22%) and consensus $1.25
- Total revenues $466M vs $295M YoY (+58%), including Inigo from Feb 2
- GAAP net income from continuing ops $129M vs $152M YoY (-15%)
- Acquisition of Inigo closed Feb 2, 2026, creating a global multi-line specialty insurer
- Repurchased 1.5M shares for $50M in Q1; additional 1.9M shares for $65M in April
- PMIERs excess Available Assets of $1.6B; holding company liquidity $391M
Financial Impact
Revenue surge of $171M (+58%) from Inigo acquisition; GAAP net income decline of $23M due to $49M acquisition costs
Risk Factors
- Integration risks and higher expense run-rate from Inigo
- Credit losses in Specialty segment (combined ratio 85.3%)
- Execution of planned divestitures for non-core businesses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-210841 |
| Document: 0001193125-26-210841-index.html | 0001193125-26-210841 |
| Document: 0001193125-26-210841.txt | 0001193125-26-210841 |
| 8-K Data (Synthetic) | 0001193125-26-210841 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 7w ago | Insider Cluster | $36.50 $36.05 | ▼ −1.23% | ▼ −0.32% | $31.99 (−12.37%) |
Aug 6, 2026 8w ago | 8-K | $36.26 $36.81 | ▼ −1.52% | ▼ −0.92% | $31.99 (+11.79%) |
Jun 23, 2026 14w ago | Institutional Cluster | $35.61 $38.87 | ▲ +9.15% | ▲ +7.99% | $31.99 (−10.18%) |
Jun 5, 2026 16w ago | Insider Cluster | $33.56 $38.19 | ▲ +13.80% | ▲ +12.16% | $31.99 (−4.69%) |
Jun 2, 2026 17w ago | Insider Cluster | $33.67 $37.94 | ▲ +12.68% | ▲ +13.68% | $31.99 (−5.00%) |
Jun 2, 2026 17w ago | Insider Cluster | $33.67 $37.94 | ▲ +12.68% | ▲ +13.68% | $31.99 (−5.00%) |
Jun 1, 2026 17w ago | Insider Cluster | $33.79 $37.72 | ▲ +11.63% | ▲ +13.20% | $31.99 (−5.34%) |
May 29, 2026 18w ago | Insider Cluster | $33.89 $37.81 | ▲ +11.56% | ▲ +13.35% | $31.99 (−5.63%) |
May 26, 2026 18w ago | Insider Cluster | $35.04 $37.00 | ▲ +5.58% | ▲ +7.48% | $31.99 (−8.73%) |
May 21, 2026 19w ago | 8-K | $36.06 $35.28 | ▼ −2.15% | ▼ −0.74% | $31.99 (−11.29%) |
US Market Status
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