◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

RADIAN GROUP INC CIK: 890926 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000890926-21-000037
Period End Date 20210331
Filing Date 20210507
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance rdn-20210331_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Fixed-maturities available for saleat fair value, net of allowance for credit losses of $638 and $948 (amortized cost of $5,404,119 and $5,393,623) AvailableForSaleSecuritiesDebtSecurities $5.72B USD Point-in-time
Fixed-maturities available for saleat fair value, net of allowance for credit losses of $638 and $948 (amortized cost of $5,404,119 and $5,393,623) AvailableForSaleSecuritiesDebtSecurities $5.55B USD Point-in-time
Trading securitiesat fair value (amortized cost of $243,628 and $260,773) TradingSecuritiesDebt $290.88M USD Point-in-time
Trading securitiesat fair value (amortized cost of $243,628 and $260,773) TradingSecuritiesDebt $265.31M USD Point-in-time
Equity securitiesat fair value (cost of $131,311 and $145,501) EquitySecuritiesFvNi $151.24M USD Point-in-time
Equity securitiesat fair value (cost of $131,311 and $145,501) EquitySecuritiesFvNi $141.41M USD Point-in-time
Short-term investmentsat fair value (includes $44,388 and $15,587 of reinvested cash collateral held under securities lending agreements) OtherShortTermInvestments $705.66M USD Point-in-time
Short-term investmentsat fair value (includes $44,388 and $15,587 of reinvested cash collateral held under securities lending agreements) OtherShortTermInvestments $618.00M USD Point-in-time
Other invested assetsat fair value OtherInvestments $4.97M USD Point-in-time
Other invested assetsat fair value OtherInvestments $5.78M USD Point-in-time
Investments, Total Investments $6.79B USD Point-in-time
Investments, Total Investments $6.67B USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $102.78M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $87.92M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $6.23M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $20.99M USD Point-in-time
Accrued investment income AccruedInvestmentIncome $34.05M USD Point-in-time
Accrued investment income AccruedInvestmentIncome $34.84M USD Point-in-time
Accounts and notes receivable AccountsReceivableNet $121.29M USD Point-in-time
Accounts and notes receivable AccountsReceivableNet $134.07M USD Point-in-time
Reinsurance Recoverables, Paid Losses ReinsuranceRecoverablesPaidLosses $32.00K USD Point-in-time
Reinsurance Recoverables, Paid Losses ReinsuranceRecoverablesPaidLosses $16.00K USD Point-in-time
Reinsurance recoverables ReinsuranceRecoverables $73.20M USD Point-in-time
Reinsurance recoverables ReinsuranceRecoverables $76.66M USD Point-in-time
Deferred policy acquisition costs DeferredPolicyAcquisitionCosts $18.30M USD Point-in-time
Deferred policy acquisition costs DeferredPolicyAcquisitionCosts $15.65M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $80.46M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $78.31M USD Point-in-time
Goodwill and other acquired intangible assets, net (Note 7) IntangibleAssetsNetIncludingGoodwill $23.04M USD Point-in-time
Goodwill and other acquired intangible assets, net (Note 7) IntangibleAssetsNetIncludingGoodwill $22.18M USD Point-in-time
Other assets (Note 9) OtherAssets $763.50M USD Point-in-time
Other assets (Note 9) OtherAssets $715.09M USD Point-in-time
Assets, Total Assets $7.92B USD Point-in-time
Assets, Total Assets $7.95B USD Point-in-time
Unearned premiums UnearnedPremiums $448.79M USD Point-in-time
Unearned premiums UnearnedPremiums $406.69M USD Point-in-time
Reserve for losses and LAE (Note 11) LiabilityForClaimsAndClaimsAdjustmentExpense $887.36M USD Point-in-time
Reserve for losses and LAE (Note 11) LiabilityForClaimsAndClaimsAdjustmentExpense $848.41M USD Point-in-time
Senior notes (Note 12) SeniorNotes $1.41B USD Point-in-time
Senior notes (Note 12) SeniorNotes $1.41B USD Point-in-time
FHLB advances (Note 12) AdvancesFromFederalHomeLoanBanks $138.83M USD Point-in-time
FHLB advances (Note 12) AdvancesFromFederalHomeLoanBanks $176.48M USD Point-in-time
Reinsurance funds withheld FundsHeldUnderReinsuranceAgreementsLiability $282.35M USD Point-in-time
Reinsurance funds withheld FundsHeldUnderReinsuranceAgreementsLiability $278.56M USD Point-in-time
Net deferred tax liability (Note 10) DeferredIncomeTaxLiabilitiesNet $210.57M USD Point-in-time
Net deferred tax liability (Note 10) DeferredIncomeTaxLiabilitiesNet $213.90M USD Point-in-time
Other Liabilities OtherLiabilities $353.17M USD Point-in-time
Other Liabilities OtherLiabilities $291.86M USD Point-in-time
Total liabilities Liabilities $3.69B USD Point-in-time
Total liabilities Liabilities $3.66B USD Point-in-time
Common stock: par value $0.001 per share; 485,000 shares authorized at March 31, 2021 and December 31, 2020; 209,846 and 210,130 shares issued at March 31, 2021 and December 31, 2020, respectively; 191,311 and 191,606 shares outstanding at March 31, 2021 and December 31, 2020, respectively CommonStockValue $210.00K USD Point-in-time
Common stock: par value $0.001 per share; 485,000 shares authorized at March 31, 2021 and December 31, 2020; 209,846 and 210,130 shares issued at March 31, 2021 and December 31, 2020, respectively; 191,311 and 191,606 shares outstanding at March 31, 2021 and December 31, 2020, respectively CommonStockValue $210.00K USD Point-in-time
Treasury stock, at cost: 18,535 and 18,524 shares at March 31, 2021 and December 31, 2020, respectively TreasuryStockValue $910.35M USD Point-in-time
Treasury stock, at cost: 18,535 and 18,524 shares at March 31, 2021 and December 31, 2020, respectively TreasuryStockValue $910.12M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.24B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.25B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.79B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.68B USD Point-in-time
Accumulated other comprehensive income (loss) (Note 15) AccumulatedOtherComprehensiveIncomeLossNetOfTax $116.73M USD Point-in-time
Accumulated other comprehensive income (loss) (Note 15) AccumulatedOtherComprehensiveIncomeLossNetOfTax $263.73M USD Point-in-time
Total stockholders equity StockholdersEquity $4.24B USD Point-in-time
Total stockholders equity StockholdersEquity $4.28B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.92B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.95B USD Point-in-time
Debt Securities, Available-for-sale, Allowance for Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $948.00K USD Point-in-time
Debt Securities, Available-for-sale, Allowance for Credit Loss DebtSecuritiesAvailableForSaleAllowanceForCreditLoss $638.00K USD Point-in-time
Fixed-maturities available for saleat amortized cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $5.39B USD Point-in-time
Fixed-maturities available for saleat amortized cost AvailableForSaleDebtSecuritiesAmortizedCostBasis $5.40B USD Point-in-time
Debt Securities, Trading, Amortized Cost TradingSecuritiesDebtAmortizedCost $260.77M USD Point-in-time
Debt Securities, Trading, Amortized Cost TradingSecuritiesDebtAmortizedCost $243.63M USD Point-in-time
Equity Securities, FV-NI, Cost EquitySecuritiesFvNiCost $145.50M USD Point-in-time
Equity Securities, FV-NI, Cost EquitySecuritiesFvNiCost $131.31M USD Point-in-time
Reinvested Cash Collateral Held Under Securities Lending Agreements ReinvestedCashCollateralHeldUnderSecuritiesLendingAgreements $15.59M USD Point-in-time
Reinvested Cash Collateral Held Under Securities Lending Agreements ReinvestedCashCollateralHeldUnderSecuritiesLendingAgreements $44.39M USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Net premiums earned (Note 8) PremiumsEarnedNet $277.42M USD 1 Quarter
Net premiums earned (Note 8) PremiumsEarnedNet $271.87M USD 1 Quarter
Services revenue (Note 4) ServicesRevenueNet $31.93M USD 1 Quarter
Services revenue (Note 4) ServicesRevenueNet $22.89M USD 1 Quarter
Net investment income NetInvestmentIncome $40.94M USD 1 Quarter
Net investment income NetInvestmentIncome $38.25M USD 1 Quarter
Net gains (losses) on investments and other financial instruments NetGainsLossesonInvestmentsandOtherFinancialInstruments $-22.03M USD 1 Quarter
Net gains (losses) on investments and other financial instruments NetGainsLossesonInvestmentsandOtherFinancialInstruments $-5.18M USD 1 Quarter
Other income OtherIncome $976.00K USD 1 Quarter
Other income OtherIncome $822.00K USD 1 Quarter
Total revenues Revenues $329.08M USD 1 Quarter
Total revenues Revenues $328.81M USD 1 Quarter
Provision for losses PolicyholderBenefitsAndClaimsIncurredNet $35.95M USD 1 Quarter
Provision for losses PolicyholderBenefitsAndClaimsIncurredNet $46.14M USD 1 Quarter
Policy acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $7.41M USD 1 Quarter
Policy acquisition costs DeferredPolicyAcquisitionCostAmortizationExpense $9.00M USD 1 Quarter
Cost of Services CostOfServicesTitleInsurance $22.14M USD 1 Quarter
Cost of Services CostOfServicesTitleInsurance $20.25M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $69.11M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $70.26M USD 1 Quarter
Interest expense InterestExpense $12.19M USD 1 Quarter
Interest expense InterestExpense $21.11M USD 1 Quarter
Amortization and impairment of other acquired intangible assets IncreaseDecreaseinGoodwillandIntangibleAssets $979.00K USD 1 Quarter
Amortization and impairment of other acquired intangible assets IncreaseDecreaseinGoodwillandIntangibleAssets $862.00K USD 1 Quarter
Total expenses OperatingExpenses $167.62M USD 1 Quarter
Total expenses OperatingExpenses $147.79M USD 1 Quarter
Consolidated pretax income (loss) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $161.19M USD 1 Quarter
Consolidated pretax income (loss) IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $181.29M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $35.58M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $40.83M USD 1 Quarter
Net income NetIncomeLoss $140.46M USD 1 Quarter
Net income NetIncomeLoss $125.61M USD 1 Quarter
Basic net income (loss) per share EarningsPerShareBasic $0.70 USD 1 Quarter
Basic net income (loss) per share EarningsPerShareBasic $0.65 USD 1 Quarter
Diluted net income (loss) per share EarningsPerShareDiluted $0.64 USD 1 Quarter
Diluted net income (loss) per share EarningsPerShareDiluted $0.70 USD 1 Quarter
Weighted-average number of common shares outstandingbasic WeightedAverageNumberOfSharesOutstandingBasic 200.16M shares 1 Quarter
Weighted-average number of common shares outstandingbasic WeightedAverageNumberOfSharesOutstandingBasic 193.44M shares 1 Quarter
Weighted-average number of common and common equivalent shares outstandingdiluted WeightedAverageNumberOfDilutedSharesOutstanding 195.20M shares 1 Quarter
Weighted-average number of common and common equivalent shares outstandingdiluted WeightedAverageNumberOfDilutedSharesOutstanding 201.82M shares 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net Cash Provided by (Used in) Operating Activities NetCashProvidedByUsedInOperatingActivities $155.80M USD 1 Quarter
Net Cash Provided by (Used in) Operating Activities NetCashProvidedByUsedInOperatingActivities $153.03M USD 1 Quarter
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $533.02M USD 1 Quarter
Proceeds from Sale and Maturity of Debt Securities, Available-for-sale ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $154.42M USD 1 Quarter
Proceeds from Sales of Trading Securities ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $7.95M USD 1 Quarter
Proceeds from Sales of Trading Securities ProceedsFromSaleOfTradingSecuritiesHeldforinvestment $9.94M USD 1 Quarter
Proceeds from Sales of Equity Securities ProceedsfromSaleofEquitySecurities $59.34M USD 1 Quarter
Proceeds from Sales of Equity Securities ProceedsfromSaleofEquitySecurities $1.84M USD 1 Quarter
Proceeds from Redemption of Fixed-Maturity Investments Available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $151.56M USD 1 Quarter
Proceeds from Redemption of Fixed-Maturity Investments Available for sale ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $295.71M USD 1 Quarter
Proceeds from Redemptions of Trading securities ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment $8.96M USD 1 Quarter
Proceeds from Redemptions of Trading securities ProceedsFromMaturitiesRepaymentsAndCallsOfTradingSecuritiesHeldforinvestment $16.43M USD 1 Quarter
Purchases of Fixed-maturities Available-for-sale PaymentsToAcquireAvailableForSaleSecurities $481.05M USD 1 Quarter
Purchases of Fixed-maturities Available-for-sale PaymentsToAcquireAvailableForSaleSecurities $619.02M USD 1 Quarter
Purchases of Equity Securities PaymentstoAcquireEquitySecurities $60.31M USD 1 Quarter
Purchases of Equity Securities PaymentstoAcquireEquitySecurities $38.11M USD 1 Quarter
Sales, Redemptions and (Purchases) of Short-term Investments, Net PaymentsForProceedsFromShortTermInvestments $32.31M USD 1 Quarter
Sales, Redemptions and (Purchases) of Short-term Investments, Net PaymentsForProceedsFromShortTermInvestments $72.22M USD 1 Quarter
Payments for (Proceeds from) Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities $-2.35M USD 1 Quarter
Payments for (Proceeds from) Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities $-2.72M USD 1 Quarter
Proceeds from sale of subsidiary, net of cash sold ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates - USD 1 Quarter
Proceeds from sale of subsidiary, net of cash sold ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates $15.87M USD 1 Quarter
Payments for (Proceeds from) Productive Assets PaymentsForProceedsFromProductiveAssets $4.95M USD 1 Quarter
Payments for (Proceeds from) Productive Assets PaymentsForProceedsFromProductiveAssets $2.07M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-81.94M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $31.99M USD 1 Quarter
Dividends and dividend equivalents paid PaymentsOfDividendsCommonStock $25.14M USD 1 Quarter
Dividends and dividend equivalents paid PaymentsOfDividendsCommonStock $24.09M USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $340.00K USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $1.45M USD 1 Quarter
Repurchases of common shares PaymentsForRepurchaseOfCommonStock $226.31M USD 1 Quarter
Repurchases of common shares PaymentsForRepurchaseOfCommonStock $8.64M USD 1 Quarter
Credit facility commitment fees paid ProceedsFromPaymentsForOtherFinancingActivities $-234.00K USD 1 Quarter
Credit facility commitment fees paid ProceedsFromPaymentsForOtherFinancingActivities $-237.00K USD 1 Quarter
Change in secured borrowings, net (with terms three months or less) IncreaseDecreaseInSecuritiesLendingPayable $-2.85M USD 1 Quarter
Change in secured borrowings, net (with terms three months or less) IncreaseDecreaseInSecuritiesLendingPayable $16.15M USD 1 Quarter
Proceeds from secured borrowings (with terms greater than 3 months) ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths $59.99M USD 1 Quarter
Proceeds from secured borrowings (with terms greater than 3 months) ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths $3.00M USD 1 Quarter
Payments of secured borrowings (with terms greater than 3 months) RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths $29.01M USD 1 Quarter
Payments of secured borrowings (with terms greater than 3 months) RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths $28.00M USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherDebt $39.00K USD 1 Quarter
Repayments of other borrowings RepaymentsOfOtherDebt - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-41.47M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-222.14M USD 1 Quarter
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $29.62M USD 1 Quarter
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-34.35M USD 1 Quarter
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.76M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.27M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $61.92M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $94.15M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.76M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.27M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $61.92M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $94.15M USD Point-in-time
Stockholders Equity 6 line items
Line Item Tag Value Unit Period
Balance, beginning of period StockholdersEquity $4.24B USD Point-in-time
Balance, beginning of period StockholdersEquity $4.28B USD Point-in-time
Net income NetIncomeLoss $140.46M USD 1 Quarter
Net income NetIncomeLoss $125.61M USD 1 Quarter
Balance, end of period StockholdersEquity $4.24B USD Point-in-time
Balance, end of period StockholdersEquity $4.28B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $140.46M USD 1 Quarter
Net income NetIncomeLoss $125.61M USD 1 Quarter
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-147.37M USD 1 Quarter
Unrealized holding gains (losses) on investments arising during the period for which an allowance for expected losses has not been recognized OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-72.29M USD 1 Quarter
Net realized gains (losses) on disposals and non-credit related impairment losses OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax $-624.00K USD 1 Quarter
Net realized gains (losses) on disposals and non-credit related impairment losses OtherComprehensiveIncomeLossReclassificationAdjustmentForNonCreditRelatedImpairmentsNetOfTax $8.39M USD 1 Quarter
Net decrease (increase) in expected credit losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Net decrease (increase) in expected credit losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $245.00K USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-80.69M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-146.99M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $59.77M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-21.38M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...