← RADIAN GROUP INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.2b |
$1.2b
-1.36%
|
$1.3b
+4.21%
|
$1.5b
+19.95%
|
$1.4b
-5.79%
|
$1.3b
-7.55%
|
$1.2b
-10.47%
|
$1.2b
+4.19%
|
$1.3b
+4.01%
|
$1.2b
-7.22%
|
$1.6b
+37.42%
|
|
| Cost of Revenue | $928.8m |
$916.2m
-1.36%
|
$98.1m
-89.29%
|
$108.3m
+10.40%
|
$86.1m
-20.55%
|
$103.7m
+20.51%
|
$82.4m
-20.59%
|
$38.5m
-53.26%
|
$38.3m
-0.57%
|
$897.8m
+2245.94%
|
— | |
| Gross Profit (Calculated) (derived) | $309.6m |
$305.4m
-1.36%
|
$1.2b
+284.69%
|
$1.4b
+20.75%
|
$1.4b
-4.66%
|
$1.2b
-9.34%
|
$1.1b
-9.61%
|
$1.2b
+8.46%
|
$1.3b
+4.15%
|
$299.3m
-76.10%
|
— | |
| Amortization of Intangible Assets | $13.2m | $11.8m | $12.4m | $8.6m | $5.1m | $3.4m | — | $5.5m | $0 | — | — | |
| Other operating expenses | $244.9m | $267.3m | $280.8m | $306.1m | $280.7m | $323.7m | $381.1m | $347.6m | $347.9m | $245.8m | — | |
| Interest Expense | $81.1m | $62.8m | $61.5m | $56.3m | $71.2m | $84.3m | $84.5m | $89.7m | $108.0m | $68.3m | $70.9m | |
| Net Investment Income | $113.5m | $127.2m | $152.5m | $171.8m | $154.0m | $147.9m | $195.7m | $258.4m | $292.7m | $248.8m | $268.2m | |
| Investment Income, Net | $113.5m | $127.2m | $152.5m | $171.8m | $154.0m | $147.9m | $195.7m | $258.4m | $292.7m | $248.8m | — | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | $4.2m | ($3.0m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $31.0m | $3.2m | ($41.1m) | $44.1m | $44.1m | $17.1m | ($65.0m) | $140k | ($8.5m) | ($5.1m) | — | |
| Other Income | $3.6m | $2.9m | $4.0m | $3.5m | $3.6m | $3.4m | $2.5m | $6.2m | $6.2m | $6.5m | — | |
| Pretax income from continuing operations | $483.7m | $346.7m | $684.2m | $849.0m | $479.4m | $764.8m | $952.8m | $767.5m | $771.3m | $791.2m | $724.1m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $483.7m | $346.7m | $684.2m | $849.0m | $479.4m | $764.8m | $952.8m | $767.5m | $771.3m | $791.2m | $724.1m | |
| Income tax provision | $175.4m | $225.6m | $78.2m | $176.7m | $85.8m | $164.2m | $209.8m | $164.4m | $166.8m | $173.0m | — | |
| Current Income Tax Expense (Benefit) | $4.5m | $59.1m | ($42.4m) | $19.5m | ($16.3m) | $2.4m | $2.9m | ($633k) | $4.6m | $34.4m | $164.8m | |
| Net income from continuing operations | $308.3m | $121.1m | $606.0m | $672.3m | $393.6m | $600.7m | $742.9m | $675.9m | $660.3m | $618.2m | — | |
| Net income from continuing operations, Basic | $1 | $1 | — | — | — | — | — | $4 | $4 | $4 | — | |
| Net income from continuing operations, Diluted | $1 | $1 | — | — | — | — | — | $4 | $4 | $4 | — | |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic | $308.3m | $121.1m | $606.0m | $672.3m | $393.6m | $600.7m | $742.9m | $603.1m | $604.4m | $618.2m | $536.3m | |
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | $1 | — | — | — | — | — | — | — | $4 | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1 | $1 | — | — | — | — | — | — | — | $4 | — | |
| Earnings Per Share, Basic | $1.46 | $0.56 | $2.83 | $3.22 | $2.01 | $3.19 | $4.42 | $3.81 | $3.96 | $4.18 | $3.91 | |
| Earnings Per Share, Diluted | $1.37 | $0.55 | $2.77 | $3.20 | $2.00 | $3.16 | $4.35 | $3.77 | $3.92 | $4.14 | $3.88 | |
| Common Stock, Dividends, Per Share, Declared | $0.01 | $0.01 | $2.83 | $3.22 | $2.01 | $3.19 | $4.42 | $0.90 | $0.98 | $1.02 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 211.8m | 215.3m | 214.3m | 208.8m | 195.4m | 188.4m | 167.9m | 158.1m | 152.5m | 139.4m | 136.8m | |
| Weighted average number of common shares outstanding-basic (in shares) | 211.8m | 215.3m | 214.3m | 208.8m | 195.4m | 188.4m | 167.9m | 158.1m | 152.5m | 139.4m | — | |
| Weighted average number of common and common equivalent shares outstanding-diluted (in shares) | 229.3m | 220.4m | 218.6m | 210.3m | 196.6m | 190.3m | 170.7m | 160.1m | 154.2m | 140.8m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 229.3m | 220.4m | 218.6m | 210.3m | 196.6m | 190.3m | 170.7m | 160.1m | 154.2m | 140.8m | 138.1m | |
| Expenses | ||||||||||||
| Additional Financial Items | ||||||||||||
| Deferred Policy Acquisition Costs, Amortization Expense | $23.5m | $24.3m | $25.3m | $25.3m | $31.0m | $29.0m | $23.9m | $24.6m | $27.3m | $25.0m | — | |
| Other Cost and Expense, Operating | $244.9m | $267.3m | $280.8m | $306.1m | $280.7m | $323.7m | $381.1m | $347.6m | $347.9m | $245.8m | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | ($10.7m) | ($10.5m) | ($3.9m) | — | |
| Business Combination, Acquisition Related Costs | $519k | $105k | $881k | — | — | — | — | — | — | — | — | |
| Capitalized Computer Software, Amortization | — | — | $11.4m | $13.0m | — | — | — | — | — | — | — | |
| Costs and Expenses | $754.8m | $874.9m | $588.8m | $678.0m | $959.2m | $565.1m | $237.9m | $473.1m | $519.0m | $405.9m | — | |
| Goodwill, Impairment Loss | — | $184.4m | $0 | $4.8m | $0 | $0 | — | $9.8m | $0 | — | $0 | |
| Net premiums earned (Note 8) | $921.8m | $932.8m | $1.0b | $1.1b | $1.1b | $1.0b | $981.1m | $919.6m | $951.3m | $941.9m | — | |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,890), $(7,821) and $(10,735)) (Note 7) | $30.8m | $3.6m | ($42.5m) | $51.7m | $60.3m | $15.6m | ($80.7m) | $10.2m | ($10.1m) | ($24k) | — | |
| Provision for losses | $202.8m | $135.2m | $104.6m | $132.0m | $485.1m | $20.9m | ($338.2m) | ($42.5m) | ($2.5m) | $66.8m | — | |
| Income (loss) from discontinued operations, net of tax, Basic | $0.00 | $0.00 | — | — | — | — | — | ($0.46) | ($0.37) | ($0.25) | — | |
| Income (loss) from discontinued operations, net of tax, Diluted | $0.00 | $0.00 | — | — | — | — | — | ($0.45) | ($0.36) | ($0.25) | — | |
| Policyholder Benefits and Claims Incurred, Net | $202.8m | $135.2m | $104.6m | $132.0m | $485.1m | $20.9m | ($338.2m) | ($42.5m) | ($2.5m) | $66.8m | — | |
| Premiums Earned, Net | $921.8m | $932.8m | $1.0b | $1.1b | $1.1b | $1.0b | $981.1m | $919.6m | $951.3m | $941.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $308.3m | $121.1m | $606.0m | $672.3m | $393.6m | $600.7m | $742.9m | $675.9m | $660.3m | $618.2m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | ($72.7m) | ($55.9m) | ($35.5m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | $0 | — | — | — | — | — | — | — | ($35.5m) | — | |
| Total expenses | $754.8m | $874.9m | $588.8m | $678.0m | $959.2m | $565.1m | $237.9m | $473.1m | $519.0m | $405.9m | $920.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.