Radian Group Inc., through its subsidiaries, provides mortgage insurance in the United States. It aggregates, manages, and distributes mortgage credit risk for mortgage lending institutions and mortgage credit investors via private mortgage insurance on residential first-lien mortgage loans. The company also offers private mortgage insurance, specialty insurance, and reinsurance lines, serving mortgage originators such as mortgage banks, commercial banks, savings institutions, credit unions, and community banks. Formerly known as CMAC Investment Corp., it changed its name to Radian Group Inc. in June 1999; it was founded in 1977 and is headquartered in Wayne, Pennsylvania.
Employers Holdings Q2 Revenue Falls 10.6% but Beats Estimates
Employers Holdings reported second-quarter revenues of $220.2 million, down 10.6% year on year but exceeding analysts' expectations by 8.4%, in what the company called a strong quarter that also beat EPS estimates. Chief Executive Officer Katherine Antonello said diluted earnings per share grew 29% year-over-year and adjusted earnings per share grew 46%, even as net income was essentially flat, reflecting the accretive impact of the company's recapitalization strategy and share repurchases. The stock is down 2.2% since reporting and currently trades at $48.67. Across the 31 property and casualty insurance stocks tracked, group revenues beat consensus estimates by 2.3% while next quarter's revenue guidance came in 0.9% above, yet share prices have fallen an average of 9.6% since the latest earnings results. Among peers, Essent Group reported revenues of $362.7 million, up 13.6% year on year and 9.7% above expectations, while Radian Group posted revenues of $580.7 million, up 95.7% year on year and in line with expectations but with a significant EPS miss.
NMI Holdings' Insurance in Force Outpaces Industry With 49% Four-Year Growth
NMI Holdings said its insurance in force has grown 49% over the past four years, far outpacing the 13% growth of the broader private mortgage insurance industry. In the second quarter of 2026, primary insurance in force rose 5.8% year over year to $227.1 billion, while new insurance written climbed 29% to $16.1 billion, helping push net premiums earned up 5.7% to $157.5 million. Underwriting held firm as the second-quarter 2026 loss ratio improved to 8.3% from 9%, and adjusted earnings per share rose 14% year over year to $1.38. Among peers, MGIC Investment Corporation reported second-quarter 2026 new insurance written of $17.8 billion, up 8.5%, with insurance in force up 2.6% to $304.8 billion, while Radian Group's primary insurance in force reached roughly $284 billion, up about 3%. The Zacks Consensus Estimate projects NMI Holdings' 2026 earnings per share will rise 6.7% year over year on revenues of $752.4 million, up 6.5%, with 2027 earnings per share and revenues seen increasing 4.7% and 2.3%, respectively.
NMIH · Capital · Positive NMI's Q2 2026 net premiums earned rose 5.7% to $157.5M, loss ratio improved to 8.3%, and adjusted EPS rose 14% to $1.38.
MTG · · Neutral MGIC reported Q2 2026 new insurance written of $17.8B, up 8.5%, and insurance in force up 2.6% to $304.8B, but only as a peer comparison to NMI's growth.
RDN · · Neutral Radian's primary insurance in force reached roughly $284B, up about 3%, mentioned only as a peer comparison.
Allstate Q2 Revenue Rises 4.6% to $17.54 Billion, Beating Estimates
Allstate reported second-quarter revenues of $17.54 billion, up 4.6% year on year and 1.7% above analysts' expectations, in what was an exceptional quarter for the insurer with beats on EPS and net premiums earned estimates. Across the 31 property and casualty insurance stocks tracked in the group, revenues beat consensus estimates by 2.3% and next-quarter revenue guidance came in 0.9% above expectations, though the stocks have collectively declined 2.7% on average since reporting. Allstate shares are down 5% since the results and trade at $251.31. Among peers, Essent Group posted the best quarter with revenues of $362.7 million, up 13.6% year on year and 9.7% above expectations, while Radian Group had the weakest, with revenues of $580.7 million, up 95.7% but in line with expectations and a significant EPS miss. Kinsale Capital Group delivered the biggest estimate beat in the group, with revenues of $548.5 million, up 16.8% year on year and 14.9% above expectations, and HCI Group reported revenues of $246.7 million, up 11.1% and 2.5% above expectations.
Cincinnati Financial reported second-quarter revenues of $2.97 billion, up 6.9% year on year but 1.2% below analyst expectations, and its stock has fallen 7.2% since the report to $170.95. The company also significantly missed analysts' EPS and net premiums earned estimates. Among the 32 property and casualty insurers tracked, the group overall beat revenue consensus by 2.3% and guided next quarter's revenue 0.9% above expectations. Essent Group was the best performer with revenues of $362.7 million, up 13.6% year on year and 9.7% above estimates, while Radian Group was the weakest with revenues of $580.7 million, up 90.8% year on year but in line with expectations and a significant EPS miss.
First American Financial Q2 revenue beats estimates by 3.4%
First American Financial reported second-quarter revenues of $2.12 billion, up 15% year over year and 3.4% above analyst expectations, with EPS also beating estimates. The company was among the better performers in a property and casualty insurance sector that saw aggregate revenues beat consensus by 2.3% and next-quarter guidance come in 0.9% above. Essent Group led the group with revenue of $362.7 million, up 13.6% and 9.7% ahead of estimates, while Radian Group was the weakest, missing EPS estimates despite revenue of $580.7 million, up 90.8% and in line with expectations. First American shares are up 2.1% since reporting and trade at $71.99.
FAF · Capital · Positive First American Financial reported Q2 revenues of $2.12 billion, up 15% year over year and 3.4% above analyst expectations, with EPS also beating estimates.
ESNT · Capital · Positive Essent Group led the group with revenue of $362.7 million, up 13.6% and 9.7% ahead of estimates.
RDN · Capital · Negative Radian Group was the weakest, missing EPS estimates despite revenue of $580.7 million, up 90.8% and in line with expectations.
Travelers reported second-quarter revenues of $12.09 billion, flat year over year and 0.9% below analyst expectations, yet its stock has risen 8.2% since the report to $365.46. The company beat earnings per share estimates but significantly missed book value per share estimates. Among the 32 property and casualty insurers tracked, revenues beat consensus by 2.3% on average, while share prices are down 1.1% since earnings. Essent Group posted the strongest quarter with revenues up 13.6% year over year to $362.7 million, beating estimates by 9.7%, and its stock is up 6% to $69.43. Radian Group was the weakest, with revenues up 90.8% to $580.7 million but a significant EPS miss, sending shares down 5.4% to $37.06.
Selective Insurance Group Q2 Revenue Beats Estimates
Selective Insurance Group reported second-quarter revenues of $1.39 billion, up 4.6% year on year and 1.8% above analyst expectations. The company also beat EPS estimates but missed book value per share estimates, with operating ROE of 13.7% marking its eighth consecutive quarter of double-digit returns. CEO John J. Marchioni highlighted disciplined execution and capital returns including a regular dividend and $32 million in share repurchases. Despite the results, the stock fell 6% since reporting and trades at $91.96. Among peers, Essent Group was the best performer with revenue up 13.6% and a 9.7% beat, while Radian Group was the weakest with a significant EPS miss.
MGIC Investment Q2 revenue falls 2.9% to $295.4 million
MGIC Investment reported second-quarter revenues of $295.4 million, down 2.9% year over year, in line with analyst expectations. The company beat analysts' EPS estimates, and CEO Tim Mattke highlighted a 14.5% return on equity. The stock is up 1.9% since reporting and currently trades at $31.15. Among peers, Essent Group posted revenues of $362.7 million, up 13.6% year over year and beating expectations by 9.7%, while Radian Group reported revenues of $580.7 million, up 90.8% year over year but missed EPS estimates. First American Financial reported revenues of $2.12 billion, up 15% year over year, and Trupanion reported revenues of $392.9 million, up 11.1% year over year.
Kinsale Capital Group Leads P&C Insurers in Q2 Earnings Beats
Kinsale Capital Group reported second-quarter revenues of $548.5 million, up 16.8% year on year and 14.9% above analyst expectations, making it the biggest estimate beat among the 32 property and casualty insurance stocks tracked. The group as a whole beat revenue consensus by 2.3% and guided next quarter 0.9% above estimates, with share prices holding steady on average. Essent Group posted revenues of $362.7 million, up 13.6% and 9.7% above expectations, while Radian Group's revenues of $580.7 million, up 90.8%, were in line but accompanied by a significant EPS miss. NMI Holdings and Selective Insurance Group also reported beats, with revenues of $187.9 million and $1.39 billion respectively.
Radian Group Q2 Earnings Miss Sparks Analyst Questions
Radian Group's second quarter results disappointed Wall Street, with revenue of $580.7 million and adjusted EPS of $1.14 both falling short of analyst estimates. The company attributed the 90.8% year-over-year revenue growth to a full quarter of contributions from newly acquired specialty insurer Intego and continued strength in its core mortgage insurance business. CEO Richard Thornberry highlighted progress in divesting non-core operations and focusing on insurance, while CFO Dan Kobell addressed a $30 million provision for Middle East conflict-related losses, saying the company feels well reserved but continues to monitor the situation. Analysts also probed the specialty combined ratio, expense trends, and potential for increased capital returns once debt is repaid.
Radian Group reported second-quarter 2026 total revenue of $575 million, a 93% increase from the prior year, driven primarily by the contribution of its Specialty segment following the acquisition of Inigo. Net earned premiums rose 116% to $504 million, with Specialty net premiums earned of $267.4 million representing 53% of the consolidated total. Adjusted diluted net operating EPS was $1.14, up from $1.11 a year earlier, while adjusted net operating return on equity was 13%. The company also raised its full-year 2026 expectation for dividends from Radian Guaranty to the holding company to $650 million, up from prior guidance of $600 million, and said it expects full-year share repurchases to reach the upper end of its $200 million to $250 million range.
Radian Group second-quarter earnings miss on EPS but beat on revenue
Radian Group reported second-quarter non-GAAP earnings per share of $1.14, missing analyst estimates by $0.21. Revenue came in at $575 million, a 92.3% increase year-over-year, beating expectations by $78.19 million. Shares fell 1.19% following the release.
Allstate, MetLife, and Radian Group set to report Q2 earnings amid favorable insurance trends
Allstate, MetLife, and Radian Group are scheduled to report second-quarter results tomorrow, with the broader insurance sector showing solid year-over-year growth and supportive industry trends. The Zacks consensus estimate for Allstate's earnings is $5.76 per share on revenues of $17.73 billion, while MetLife is expected to post earnings of $2.30 per share on revenues of $19.34 billion, and Radian Group's consensus stands at $1.38 per share on revenues of $567.7 million. MetLife is the only one of the three with a positive Earnings ESP of +0.66% and a Zacks Rank #3, indicating a likely earnings beat, whereas Allstate and Radian Group do not conclusively predict a beat with Earnings ESPs of -0.15% and 0.00%, respectively. The insurance industry has benefited from disciplined underwriting, lower catastrophe losses, and net investment income growth, though commercial pricing has softened for an eighth straight quarter.
Zacks Highlights Five Multiline Insurers to Buy Amid Softening Pricing
Zacks Equity Research has identified Oscar Health, Radian Group, CNO Financial Group, Pelagos Insurance Capital Ltd., and Horace Mann Educators as multiline insurance stocks to buy, citing product diversification and digitalization as key industry drivers. The Zacks Multiline Insurance industry currently carries a Zacks Industry Rank of 169, placing it in the bottom 32% of 247 industries, with analysts revising aggregate earnings estimates downward by 6.4% for the current year. Despite this, the report points to diversified portfolios, merger and acquisition activity, and increased technology adoption as trends shaping the industry's future. Oscar Health and Pelagos Insurance Capital hold a Zacks Rank of 1, or Strong Buy, while Horace Mann Educators, CNO Financial Group, and Radian Group carry a Zacks Rank of 2, or Buy. The industry has gained 4.8% year to date, underperforming the Finance sector's 5.9% rise and the S&P 500's 9.7% increase.
Radian Group Chairman Howard Culang sold 3,612 shares, reducing direct holdings by 30.97%
Radian Group Chairman Howard Culang sold 3,612 shares of common stock in an open-market transaction on May 27, 2026, at approximately $36.00 per share, for a total transaction value of around $130,000. The sale reduced his direct holdings by 30.97%, from 11,662 shares to 8,050 shares, representing approximately 0.006% of Radian Group's outstanding common stock. This marks the third open-market sale by Culang in the past year, following a 5,000-share sale the previous day. Despite the reduction, Culang maintains a stake in the company's future performance through over 14,000 dividend equivalent rights-related securities and phantom stock units. Radian Group, a provider of private mortgage insurance and real estate services, reported trailing twelve-month revenue of $1.40 billion and net income of $562.33 million.
Radian's Mortgage Insurance Drives Recurring Revenue and Profitability
Radian Group's mortgage insurance segment remains the foundation of its long-term earnings and shareholder value creation, generating stable recurring premium revenues and strong cash flow. The company operates primarily through Radian Guaranty, a leading U.S. private mortgage insurer, and benefits from growth in purchase mortgage originations, increasing insurance-in-force, and continued demand for private mortgage insurance as an alternative to government-backed programs. A healthy U.S. housing market, strong employment conditions, home price appreciation, and disciplined underwriting support lower claim frequencies and favorable profitability. Radian's stock has gained 3.7% over the past year, outperforming its industry, and carries a forward price-to-book value of 1.06, below the industry average of 2.83, earning a Value Score of A. The Zacks Consensus Estimate for Radian's second-quarter 2026 earnings per share has moved up 4.5% over the past 30 days, while the full-year 2026 estimate has risen 1.9%.
MGIC Investment's mortgage insurance drives recurring premium income and profitability
MGIC Investment Corporation's core mortgage insurance business generates recurring premium income from its large insurance-in-force portfolio, with policies typically remaining in force until borrowers refinance, sell their homes, or accumulate sufficient equity. The company benefits from growth in purchase mortgage originations, expanding insurance-in-force, and sustained demand for private mortgage insurance as an alternative to government-backed programs. Strong underwriting discipline, high-quality new insurance written, favorable home price appreciation, and healthy employment conditions contribute to low claim frequencies and strong underwriting profitability. MGIC also earns investment income by investing premium collections before claims are paid, and combined with prudent capital management, reinsurance programs, and disciplined risk management, maintains a resilient balance sheet while optimizing capital efficiency. Overall, the mortgage insurance segment provides a scalable, capital-light business model that generates consistent earnings and strong cash flow across housing cycles.
MTG · Demand · Positive Article highlights growth in purchase mortgage originations and sustained demand for private mortgage insurance, directly benefiting MGIC's core business.
NMIH · Demand · Positive As a peer in the mortgage insurance industry, NMI Holdings similarly benefits from the same favorable demand trends described for the sector.
RDN · Demand · Positive Radian Group, as a mortgage insurer, also gains from the positive industry dynamics of growing insurance-in-force and demand for private MI.
NMI Holdings' Mortgage Insurance Drives Growth and Profitability
NMI Holdings operates as a pure-play private mortgage insurer through its primary subsidiary, National Mortgage Insurance Corporation, generating virtually all of its revenue from mortgage insurance. The business benefits from growth in purchase mortgage originations, higher insurance-in-force, and increased adoption of private mortgage insurance relative to government-backed programs. Recurring premium revenues provide predictable cash flows, while disciplined underwriting and risk-based pricing have historically maintained low claim rates and favorable loss ratios. Favorable housing market trends, including strong home purchase activity and rising first-time homebuyer demand, further support expanding insurance-in-force and improved profitability. The stock has gained 1% year-to-date, outperforming its industry, and carries a Value Score of A with a forward price-to-book of 1.19X, below the industry average of 1.44X.
NMIH · Demand · Positive NMI Holdings is the subject; benefits from higher insurance-in-force, purchase originations, and PMI adoption.
MTG · Demand · Positive Growth in purchase mortgage originations and increased adoption of private mortgage insurance benefit the industry, including MGIC.
RDN · Demand · Positive Industry tailwinds from purchase mortgage growth and PMI adoption also benefit Radian.
Radian Group Earns Zacks Rank #2 and A Value Grade
Radian Group currently holds a Zacks Rank #2, or Buy, and an A grade for Value, signaling it may be undervalued. The company's price-to-book ratio stands at 1.12, well below the industry average of 2.82, and its price-to-cash-flow ratio is 7.66, also below the industry average of 8.35. Over the past year, RDN's P/B has ranged from 0.94 to 1.19 with a median of 1.04, while its P/CF has ranged from 6.53 to 7.82 with a median of 7.19. These metrics, combined with a strong earnings outlook, suggest the stock is an attractive value opportunity.
StockStory flags Selective Insurance, Radian Group, and First American Financial as insurance stocks to avoid
StockStory identified three insurance stocks it is skeptical of: Selective Insurance Group, Radian Group, and First American Financial. The firm cited concerns such as slowing sales growth, declining pre-tax profit margins, and earnings growth that lagged peer averages. Selective Insurance Group, with a market cap of $5.50 billion, saw its pre-tax profit margin fall by 3.2 percentage points over five years and estimated sales growth of just 1.7% for the next 12 months. Radian Group, valued at $4.54 billion, experienced stagnant sales and net premiums earned over five years, with annual EPS growth of only 6.2%. First American Financial, at a $6.61 billion market cap, posted stagnant net premiums earned and annual EPS growth of just 1.4% over five years, along with slower book value per share growth compared to peers.
FAF · Capital · Negative StockStory flags First American Financial due to stagnant net premiums earned, slow EPS growth, and weaker book value growth vs peers.
RDN · Capital · Negative StockStory flags Radian Group for stagnant sales and net premiums earned, with low EPS growth of 6.2% annually.
SIGI · Capital · Negative StockStory flags Selective Insurance Group for declining pre-tax profit margins and slow estimated sales growth of 1.7%.
Property and Casualty Insurers Post Mixed Q1 Results
The 32 property and casualty insurance stocks tracked by StockStory reported mixed first-quarter results, with revenues beating analysts' consensus estimates by 1.9% on average. Enact Holdings posted revenues of $317.9 million, up 2.5% year on year and exceeding expectations by 1.3%, though its stock fell 1.6% since the report. Mercury General was the best performer, with revenues of $1.54 billion up 10.5% year on year and beating estimates by 5.4%, sending shares up 5.3%. Fidelity National Financial was the weakest, missing revenue estimates by 10.7% with $3.23 billion in revenues, and its stock dropped 8.9%. Radian Group and Stewart Information Services also beat revenue expectations, reporting $475.2 million and $781.3 million respectively.
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