Mortgage insurer Radian's Q3 revenue beats estimates

Radian

04/11/2025 22:27

Overview

Radian Q3 revenue beats analyst expectations, adjusted EPS also exceeds estimates

Company on track acquire Inigo for $1.7 bln, transforming into multi-line insurer

Radian announces divestiture of Mortgage Conduit, Title, and Real Estate Services

Outlook

Radian anticipates Inigo acquisition to double annual revenue

Company sees mid-teens percentage accretion to EPS post-Inigo acquisition

Result Drivers

MORTGAGE INSURANCE GROWTH - Primary mortgage insurance in force reached an all-time high of $281 bln, supporting revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$303 mln
$238.90 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$1.15
$1.01 (5 Analysts)
Q3 Net Income
$141 mln
Q3 Adjusted ROE
13.90%
Q3 Pretax Profit
$199 mln
Q3 ROE
13.40%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Radian Group Inc is $38.50, about 10.9% above its November 4 closing price of $34.31

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBwbt0MgHa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)