Every material Form 8-K Radian Group filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Radian Group reported third quarter 2026 net income from continuing operations of $172 million, or $1.28 per diluted share, up from $153 million, or $1.11 per share, a year earlier. Total revenues rose to $624 million from $303 million, which the company attributes in part to its Inigo acquisition, and book value per share fell to $35.78 from $36.00 in June. Shareholders also benefit from share repurchases of $379 million so far in 2026.
Net income from continuing operations was $172 million, or $1.28 per diluted share, for the quarter ended September 30, 2026, versus $153 million, or $1.11, a year earlier.
Total revenues were $624 million, compared with $303 million in the third quarter of 2025. The company cites the Inigo acquisition, which closed February 2, 2026.
Adjusted diluted net operating income per share was $1.44, compared with $1.15 a year earlier.
Year-to-date share repurchases total $379 million, including $135 million in the third quarter and $117 million in October 2026.
Radian Group's UK subsidiary ICML amended and restated its letter of credit facility with a syndicate of banks led by Barclays, raising lender commitments from $620 million to $880 million. Radian Group is now guarantor of ICML's obligations, replacing Inigo Limited, and the facility supports ICML's Lloyd's underwriting for the 2027 year of account and prior open years. The facility carries financial covenants and cross-default risk to Radian Group's revolving credit facility and senior notes.
Lender commitments increased from $620 million to $880 million, effective October 29, 2026
Radian Group added as guarantor; Inigo Limited removed as guarantor
Letters of credit have a minimum term of four years and expire no later than December 31, 2030
Covenants include minimum consolidated net worth and maximum Debt-to-Total Capitalization; a default could trigger defaults under Radian Group's RCF and senior notes
Radian Group's Board appointed Daniel Kobell as Senior Executive Vice President and Chief Financial Officer on October 28, 2026. Mr. Kobell had served as Interim Chief Financial Officer since February 12, 2026, so the change makes his role permanent and gives the company a confirmed finance chief.
Appointment date: October 28, 2026, by the Board of Directors
Radian Group Inc. increased its board from eleven to twelve directors and appointed Barry C. McCarthy, President and CEO of Deluxe Corporation, as a new director effective August 10, 2026. The filing says his compensation follows the company's standard non-employee director arrangements and that he has no material interest in transactions with the company.
Board size increased from eleven to twelve directors on August 10, 2026
Barry C. McCarthy is President, CEO and a board member of Deluxe Corporation
Non-Executive Board Chairperson Howard B. Culang described McCarthy's payments, data and technology experience as relevant to the board
Radian Group reported second quarter 2026 results on August 5, 2026. Revenue rose to $575 million from $299 million a year earlier, with the Specialty segment, which includes the Inigo acquisition, contributing, but diluted earnings from continuing operations fell to $0.87 per share from $1.11. Adjusted diluted net operating income per share rose to $1.14 from $1.11, while Specialty losses included $169 million of provisions, including reserves tied to the Middle East conflict.
Total revenues were $575 million versus $299 million a year earlier; net premiums earned were $504 million versus $234 million.
Net income from continuing operations was $118 million, or $0.87 per diluted share, versus $154 million, or $1.11, in the second quarter of 2025.
Adjusted diluted net operating income per share was $1.14 versus $1.11, and book value per share was $36.00 at June 30, 2026, versus $33.18 a year earlier.
The Specialty segment recorded a $169 million provision for losses, including reserves for expected and potential claims related to the Middle East conflict.
On May 21, 2026, Radian stockholders approved the 2026 Equity Compensation Plan, which is described in the proxy statement filed April 2, 2026. The same day, the Compensation and Human Capital Management Committee granted annual long-term incentive awards to executive officers, with most of each award tied to performance. The filing shows how executive pay is linked to the company's book value per share growth and relative stock performance.
Stockholders approved the 2026 Equity Compensation Plan on May 21, 2026.
CEO Richard G. Thornberry received a target of 114,730 performance-based RSUs and 75,250 time-based RSUs.
Performance RSUs vest May 25, 2029, paying 0% to 200% of target based on cumulative LTI book value per share growth, with 100% at a 35% target.
Daniel Kobell, Senior EVP and interim Chief Financial Officer, received 20,490 performance-based RSUs and 13,440 time-based RSUs.
Radian Group's board appointed Michael Weinbach, former President of Mr. Cooper Inc., as CEO-Elect effective June 1, 2026, and as Chief Executive Officer and board member effective August 13, 2026. He succeeds Richard G. Thornberry, who retires as CEO and resigns from the board effective August 12, 2026, and will remain as Strategic Advisor through December 31, 2026.
Michael Weinbach, 52, becomes CEO-Elect on June 1, 2026 and CEO on August 13, 2026
Richard G. Thornberry retires as CEO and resigns from the board effective August 12, 2026
Weinbach's CEO Employment Agreement runs through December 31, 2029 with a $1,000,000 base salary
Sign-on awards include a $2,500,000 performance stock unit award and RSUs covering 150,000 shares valued up to $5,500,000
Radian reported first-quarter 2026 net income from continuing operations of $129 million, or $0.93 per diluted share, down from $152 million, or $1.03, a year earlier. Adjusted diluted net operating income per share rose to $1.27 from $1.04, and total revenues rose to $466 million from $295 million after the February 2, 2026 acquisition of Inigo. The results include $49 million of acquisition-related expenses, amortization and purchase accounting adjustments, which weighed on GAAP earnings.
Net income from continuing operations was $129 million, or $0.93 per diluted share, versus $152 million, or $1.03, in Q1 2025
Adjusted diluted net operating income per share was $1.27 versus $1.04; GAAP results include $49 million of acquisition-related items
Total revenues were $466 million versus $295 million, with Inigo included from February 2, 2026
Radian repurchased $50 million of shares in Q1 and $65 million in April; $748 million of authority remained after April
Radian Group said its Senior Executive Vice President and Chief Digital Officer, Eric R. Ray, gave notice on April 20, 2026 that he will retire from his role and from the company effective July 1, 2026. The company said the decision is not the result of any disagreement over its operations, policies or practices, and the filing does not name a successor.
Eric R. Ray, Senior Executive Vice President and Chief Digital Officer, gave notice on April 20, 2026.
Retirement is effective July 1, 2026.
The company states the retirement is not due to any disagreement on operations, policies or practices.
Radian Group's subsidiary Radian Mortgage Capital amended its master repurchase agreement with Everbank on March 23, 2026, decreasing the maximum borrowing amount to $25 million. The filing states all other terms, including the parent guaranty, are unchanged, so the change is administrative in nature for shareholders.
Second Amendment to the Everbank master repurchase agreement dated March 23, 2026
Maximum borrowing amount decreased to $25 million
Other terms, including the Company's parent guaranty, remain unchanged
Original agreement dated April 30, 2025, financing residential mortgage loans from correspondent lenders
Radian reported fourth-quarter 2025 net income from continuing operations of $159 million, or $1.15 per diluted share, down from $164 million a year earlier, while revenue rose to $301 million. For the full year, net income from continuing operations fell to $618 million from $660 million, though diluted EPS rose to $4.39 from $4.28. Radian also completed its $1.67 billion acquisition of Inigo on February 2, 2026.
Q4 2025 net income from continuing operations was $159 million, or $1.15 per diluted share, versus $164 million, or $1.08, in Q4 2024.
Full-year 2025 net income from continuing operations was $618 million, or $4.39 per diluted share, versus $660 million, or $4.28, in 2024.
Q4 2025 total revenues were $301 million versus $293 million a year earlier; adjusted pretax operating income was $204 million versus $220 million.
Radian completed its acquisition of Inigo Limited on February 2, 2026, for $1.67 billion in a primarily all-cash transaction.
Radian Group said Sumita Pandit no longer serves as President and Chief Financial Officer effective February 12, 2026, in what the filing describes as an involuntary termination. Daniel Kobell was named interim Chief Financial Officer, and the board also elevated several long-standing executives to new senior roles, including two co-heads of the mortgage insurance business.
Sumita Pandit's role as President and Chief Financial Officer ended effective February 12, 2026; the filing describes the departure as involuntary.
Daniel Kobell, age 46, was appointed Senior Executive Vice President and interim Chief Financial Officer, reporting to CEO Richard Thornberry.
Robert J. Quigley, age 54, was appointed Senior Executive Vice President, Controller and Chief Accounting Officer.
Meghan Bartholomew and Steve Keleher were named Senior Executive Vice President, Co-Heads of Mortgage Insurance, reporting directly to Richard Thornberry.
Radian Group Inc. increased its board from eleven to twelve directors and appointed Seraina Macia, a former AIG and Zurich executive, as a new director on February 9, 2026. The filing also notes that director Gregory Serio plans to retire when his term ends in May 2026, and the company describes the move as part of its shift to a global multi-line specialty insurer.
Board expanded from eleven to twelve directors on February 9, 2026.
Seraina Macia, 57, has more than 35 years of insurance industry experience, including EVP & CEO of AIG EMEA.
Gregory Serio, a director since 2012, intends to retire when his term ends in May 2026.
Macia's compensation will follow the company's standard non-employee director arrangements.
Radian Group completed its acquisition of Inigo Limited, a Lloyd's of London specialty insurer, on February 2, 2026, for a net purchase price of $1.67 billion, subject to post-closing adjustments. The company said the deal is expected to add mid-teens percentage accretion to earnings per share and about 200 basis points to return on equity in 2026, and to roughly double its total annual revenue.
Net purchase price paid at closing was $1.67 billion, funded from available liquidity and excess capital from Radian Guaranty
Company expects mid-teens percentage accretion to 2026 earnings per share and about 200 basis points of accretion to return on equity
Company expects the transaction to double its total annual revenue
$25 million in one-time cash retention awards granted to Inigo management sellers, vesting on the second anniversary of the grant date
Radian Group said director Gregory Serio notified the company on January 21, 2026 that he will not seek reelection and will retire from the Board at the end of his current term at the 2026 annual meeting of stockholders. The filing states his decision did not involve a disagreement with the company on its operations, policies or practices.
Gregory Serio has served on the Board since 2012.
Notice of his decision to retire was given to the company on January 21, 2026.
He will leave the Board at the end of his term, at the 2026 annual meeting of stockholders.
The filing says the decision did not involve any disagreement with the company.
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