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A U.S. private mortgage insurer that protects lenders when homebuyers put down less than a fifth of a home's price, mainly for the government-sponsored giants Fannie Mae and Freddie Mac. It traces its roots to a mortgage insurer founded in 1977 that merged with Chicago-based Amerin in 1999 and took the brand-new name Radian to signal a fresh start. In 2025 it announced a pivot to a global specialty insurer by buying Inigo, a Lloyd's of London underwriter.
Radian Group appoints Barry C. McCarthy to its Board of Directors, effective August 10, 2026
McCarthy is President, CEO, and a board member of Deluxe Corporation, where he led its transformation into a payments and data company.
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Barry C. McCarthy, 62, was appointed to Radian Group's Board of Directors on August 10, 2026, increasing the Board size from eleven to twelve directors.
His compensation will be consistent with the Company's compensatory arrangements for non-employee directors.
There is no arrangement or understanding with any other person regarding his appointment, and he has no material interest in any Company transaction.
The appointment was announced via a news release furnished as Exhibit 99.1 to the Form 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Radian Group approves 2026 Equity Compensation Plan and grants LTI awards to executives
The Compensation Committee granted 2026 long-term incentive awards to named executive officers, including CEO Richard G. Thornberry (114,730 performance RSUs and 75,250 time-based RSUs).
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Stockholders approved the Radian Group Inc. 2026 Equity Compensation Plan on May 21, 2026.
Performance-based RSUs vest on May 25, 2029, based on LTI Book Value per Share growth and relative TSR modifier, with payouts from 0% to 200% of target.
New executive severance agreements were approved for certain officers, effective with the new CEO appointment on August 13, 2026, including modified 'Good Reason' and equity vesting terms.
All 11 director nominees were elected, and the say-on-pay vote and equity plan approval passed, with ratification of PricewaterhouseCoopers as auditor.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders
Radian Group appoints Michael Weinbach as CEO-Elect, effective June 1, 2026, and CEO on August 13, 2026.
Thornberry will remain as Strategic Advisor through December 31, 2026, when his amended employment agreement terminates.
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Michael Weinbach, 52, will become CEO-Elect on June 1, 2026, and CEO and Board member on August 13, 2026, succeeding Richard G. Thornberry, who retires as CEO and resigns from the Board on August 12, 2026.
Weinbach's employment agreement provides an annual base salary of $1,000,000, a 2026 STI target of $1,166,666, and a 2026 LTI award of $6,000,000 in performance-based RSUs.
He will receive sign-on equity awards: $2,500,000 in performance stock units and 150,000 time-based restricted stock units (or lesser value up to $5,500,000) with a matching purchase requirement.
The Board adopted the 2026 Inducement Grant Equity Plan, authorizing up to 500,000 shares for inducement awards, and Weinbach entered into a Restrictive Covenants Agreement with an 18-month non-compete period.
Weinbach's prior roles include President of Mr. Cooper Inc., CEO of Consumer Lending at Wells Fargo, and CEO of Chase Home Lending at JPMorgan Chase.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Earnings8-K
Radian completes Inigo acquisition, reports Q1 2026 diluted EPS from continuing ops of $0.93
Q1 2026 net income from continuing operations was $129 million, or $0.93 per diluted share, down from $152 million, or $1.03 per share, in Q1 2025.
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Adjusted diluted net operating income per share rose to $1.27 in Q1 2026 from $1.04 in Q1 2025.
Total revenues for Q1 2026 were $466 million, up from $295 million in Q1 2025, including Inigo results from February 2, 2026 acquisition date.
Book value per share grew 10% year-over-year to $35.67 as of March 31, 2026.
Company repurchased $50 million of shares and paid $35 million in dividends during Q1 2026; expects to repay $200 million credit facility draw in full during 2026.
Radian decided to wind down its Mortgage Conduit business and expects to complete divestitures of Title and Real Estate Services businesses by end of Q3 2026.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Radian discloses Lloyd's Syndicate 1301 annual accounts for 2025, tied to Inigo acquisition
Radian Group Inc. acquired Inigo on February 2, 2026; Inigo is the parent of the managing agent and corporate member for Syndicate 1301.
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On March 23, 2026, Lloyd's posted syndicate annual accounts for 2025, including Syndicate 1301, through which Inigo Limited writes insurance and reinsurance business.
The Syndicate 1301 Accounts are prepared on UK GAAP and present standalone syndicate results, not Inigo's consolidated financials.
Radian will file audited 2025 consolidated financial results for Inigo on a US GAAP basis by amendment to its Form 8-K filed on February 3, 2026, no later than April 17, 2026.
The disclosure is furnished under Item 7.01 and is not deemed filed for SEC liability purposes.