Radian Group Inc. (RDN) financial statements (2021 and earlier)

Company profile

Business Address 1500 MARKET STREET
PHILADELPHIA, PA 19102
State of Incorp. DE
Fiscal Year End December 31
SIC 6351 - Surety Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1481,0581,2231,1031,6742,4032,965
Cash and cash equivalents88939581524730
Short-term investments1,0609661,1281,0221,6212,3562,934
Receivables  44484104
Prepaid expense211135     
Total current assets:1,3591,1931,2671,1511,6772,4132,968
Noncurrent Assets
Operating lease, right-of-use asset3338
Property, plant and equipment80303787714727
Intangible assets, net (including goodwill), including:23285964276289288
Goodwill      192
Intangible assets, net (excluding goodwill)13184553819496
Other undisclosed intangible assets, net (including goodwill)10101411195195 
Total noncurrent assets:1369696151347336315
Other undisclosed assets6,4535,5194,9514,5993,8392,8933,576
TOTAL ASSETS:7,9486,8086,3155,9015,8635,6426,860
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   96131124133
Taxes payable   96131124133
Total current liabilities:   96131124133
Noncurrent Liabilities
Liabilities, other than long-term debt214      
Deferred income tax liabilities214 
Total noncurrent liabilities:214      
Other undisclosed liabilities3,4502,7602,8262,8052,8603,0214,555
Total liabilities:3,6642,7602,8262,9012,9913,1454,688
Stockholders' equity
Stockholders' equity attributable to parent4,2844,0493,4893,0002,8722,4972,097
Common stock0000000
Treasury stock, value(910)(902)(895)(894)(893)(893)(893)
Additional paid in capital2,2462,4502,7252,7542,7802,7172,532
Accumulated other comprehensive income (loss)264110(61)23(12)(18)51
Retained earnings2,6852,3901,7201,116998692407
Other undisclosed stockholders' equity      75
Total stockholders' equity:4,2844,0493,4893,0002,8722,4972,172
TOTAL LIABILITIES AND EQUITY:7,9486,8086,3155,9015,8635,6426,860

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4391,5271,2731,2221,2381,1931,073
Premiums earned, net1,1151,1451,014
Financial services revenue933922916845
Cost of revenue(678)(367)(302)(406)(510)(509)(413)
Cost of goods and services sold(86)(108)(98)(105)(114)(90)(44)
Policyholder benefits and claims incurred, net(485)(132) 
Gross profit:7601,160971816729684659
Operating expenses(281)(311)(287)(469)(245)(246)(252)
Operating income:479849684347484438407
Nonoperating income
(Investment Income, Nonoperating)
      150
Interest and debt expense(71)(79)(61)(114)(156)(91)(90)
Other undisclosed income from continuing operations before equity method investments, income taxes     91 
Income from continuing operations before equity method investments, income taxes:408770623233327438466
Other undisclosed income from continuing operations before income taxes717961114156  
Income from continuing operations before income taxes:479849684347484438466
Income tax expense (benefit)(86)(177)(78)(226)(175)(156)852
Net income:3946726061213082821,319
Other undisclosed net income (loss) attributable to parent     5(359)
Net income available to common stockholders, basic:394672606121308287960
Other undisclosed net income (loss) available to common stockholders, diluted   (0)61514
Net income available to common stockholders, diluted:394672606121314302974

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3946726061213082821,319
Other comprehensive income (loss)153171(87)356(70)14
Comprehensive income:5478445191573142111,333
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     5(359)
Comprehensive income, net of tax, attributable to parent:547844519157314217974

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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