RDN
The numbers are in
Radian Group kicked off first-quarter 2026 with net income from continuing operations of $129 million, or $0.93 per diluted share. That’s down from $152 million, or $1.03 a share, in the same quarter last year — not a disaster, but definitely not a victory lap either.
Pretax income from continuing operations also eased to $174 million from $199 million a year ago. Translation: the business is still throwing off cash, but the engine is humming a little softer than it was in 2025.
Why you should care
If you own RDN, this is basically a live read on mortgage insurance demand and housing-market resilience. When homebuying gets squeaky, insurers like Radian feel it in the numbers pretty quickly. When the market is steady, they usually get to look boring in the best possible way.
This quarter says: still boring, but with a slight limp.
Big picture
Radian isn’t trying to be the flashy growth stock at the party. It’s the one quietly checking credit quality and exposure while everyone else is arguing about rates. A softer year-over-year profit print isn’t thrilling, but it also doesn’t scream trouble — it just says the housing backdrop is making the job a little less easy than before.
Big picture: for a mortgage insurer, that’s the whole ballgame.