Radian Group Inc. Files 2024 Annual Report

TL;DR

Radian Group filed its 2024 10-K. Looks like standard ops with notes due 2027/2029.

AI Summary

Radian Group Inc. filed its 10-K for the fiscal year ending December 31, 2024. The filing details the company's financial performance and operations, including its surety insurance business. Key financial instruments mentioned include Senior Notes due 2027 and 2029, and various assets and liabilities reported under US GAAP. The company's fiscal year runs from January 1 to December 31.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Radian Group Inc.'s financial health and strategic positioning for the fiscal year 2024.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant new risks.

Key Numbers

• 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
• 2025-02-14 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• RADIAN GROUP INC (company) — Filer of the 10-K
• 2024-12-31 (date) — Fiscal year end
• 20250214 (date) — Filing date
• 550 EAST SWEDESFORD ROAD (address) — Company business and mailing address
• WAYNE, PA (location) — Company city and state
• Senior Notes due 2027 and 2029 (financial_instrument) — Debt obligations of Radian Group Inc.

FAQ

Key Financial Figures

• $0.001 — The number of shares of common stock, $0.001 par value per share, of the registrant
• $450 million — nsecured senior notes due October 2024 ($450 million original principal amount, which were r
• $525 million — unsecured senior notes due March 2025 ($525 million original principal amount, which were r
• $625 million — 0% unsecured senior notes due May 2029 ($625 million original principal amount) Single Pre

Filing Documents

• rdn-20241231.htm (10-K) — 12547KB
• rdn-ex10_86.htm (EX-10.86) — 83KB
• rdn-ex19.htm (EX-19) — 77KB
• rdn-ex21.htm (EX-21) — 25KB
• rdn-ex23_1.htm (EX-23.1) — 5KB
• rdn-ex31.htm (EX-31) — 27KB
• rdn-ex32.htm (EX-32) — 11KB
• img192123760_0.jpg (GRAPHIC) — 27KB
• img192123760_1.jpg (GRAPHIC) — 111KB
• img192123760_2.jpg (GRAPHIC) — 192KB
• 0000950170-25-021241.txt ( ) — 48584KB
• rdn-20241231.xsd (EX-101.SCH) — 3180KB
• rdn-20241231_htm.xml (XML) — 13620KB

(Items 10 through 14)

Part III (Items 10 through 14) Table of Contents Page Glossary of Abbreviations and Acronyms 3 Cautionary Note Regarding Forward-Looking Statements—Safe Harbor Provisions 9 Summary of Risk Factors 11 PART I Item 1

Business

Business 13 Item 1A

Risk Factors

Risk Factors 47 Item 1B Unresolved Staff Comments 68 Item 1C Cybersecurity 69 Item 2

Properties

Properties 70 Item 3

Legal Proceedings

Legal Proceedings 70 Item 4 Mine Safety Disclosures 70 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 70 Item 6 [Reserved] 71 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 72 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 103 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 105 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 164 Item 9A

Controls and Procedures

Controls and Procedures 164 Item 9B Other Information 165 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 165 PART III Item 10 Directors, Executive Officers and Corporate Governance 166 Item 11

Executive Compensation

Executive Compensation 166 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 166 Item 13 Certain Relationships and Related Transactions, and Director Independence 167 Item 14 Principal Accountant Fees and Services 167 PART IV Item 15 Exhibits and Financial Statement Schedules 167 Item 16 Form 10-K Summary 167 Index to Exhibits 168

Signatures

Signatures 177 2 Glossary of Abbreviations and Acronyms for Selected References The following list defines various abbreviations and acronyms used throughout this report, including the Business Section, the Management's Discussion and Analysis of Financial Condition and Results of Operations, the Consolidated Financial Statements, the Notes to Consolidated Financial Statements and the Financial Statement Schedules. A number of cross-references to additional information included throughout this Annual Report on Form 10-K are also utilized throughout this report, to assist readers seeking additional information related to a particular subject. Term Definition 2012 QSR Agreements Collectively, the quota share reinsurance agreements entered into with a third-party reinsurance provider in the second and fourth quarters of 2012 to cede on a combined basis a portion of NIW originated between the fourth quarter of 2011 and the fourth quarter of 2014 2016 Single Premium QSR Agreement Quota share reinsurance agreement entered into with a panel of third-party reinsurance providers in the first quarter of 2016 and subsequently amended in the fourth quarter of 2017 to cede a portion of Single Premium NIW originated between January 1, 2012, and December 31, 2017 2018 Single Premium QSR Agreement Quota share reinsurance agreement entered into with a panel of third-party reinsurance providers in October 2017 to cede a portion of Single Premium NIW originated between January 1, 2018, and December 31, 2019 2020 Single Premium QSR Agreement Quota share reinsurance agreement entered into with a panel of third-party reinsurance providers in January 2020 to cede a portion of Single Premium NIW originated between January 1, 2020, and December 31, 2021 2022 QSR Agreement Quota share reinsurance arrangement entered into with a panel of third-party reinsurance providers to cede, starting July 1, 2022, a portion of NIW, which includes both Recurring Premium P

View Full Filing

View this 10-K filing on SEC EDGAR