Radian Group Q1 revenue more than doubles after Inigo acquisition

Radian

06/05/2026 21:56

Overview

U.S. specialty insurer's Q1 revenue more than doubled yr/yr after Inigo acquisition

Adjusted net operating income per share rose 22% yr/yr to $1.27

Company repurchased $50 mln of shares and paid $35 mln in dividends in Q1

Outlook

Radian Guaranty expects to pay over $600 mln in ordinary dividends to Radian Group in 2026

Company expects to complete divestiture plans for Title and Real Estate Services by end-Q3 2026

Result Drivers

INIGO ACQUISITION - Co said completion of Inigo acquisition made it a global multi-line specialty insurer and contributed to revenue growth

MORTGAGE SEGMENT GROWTH - Mortgage segment benefited from 42% yr/yr increase in new insurance written and favorable reserve development on prior period defaults

SPECIALTY SEGMENT CONTRIBUTION - Specialty segment, including Inigo, added $162 mln in gross premiums written and saw favorable reserve development on prior year loss reserves

Company press release: ID:nBw34Lyx7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$466 mln
Q1 Net Income
$124 mln
Q1 Adjusted pretax operating income
$232 mln
Q1 Adjusted net operating ROE
14.70%
Q1 Pretax Profit from continuing operations
$174 mln
Q1 ROE from continuing operations
10.80%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "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 $39.00, about 9.2% above its May 6 closing price of $35.73

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

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