Radian Group Inc. (RDN) Financial Statements (2024 and earlier)

Company Profile

Business Address 550 EAST SWEDESFORD ROAD
WAYNE, PA 19087
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6351 - Surety Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7231,1431,1481,0581,2231,103
Cash and cash equivalents5615188939581
Short-term investments6679921,0609661,1281,022
Receivables     4448
Prepaid expense596354211135  
Total current assets:1,3191,4981,3591,1931,2671,151
Noncurrent Assets
Operating lease, right-of-use asset21323338
Property, plant and equipment717580303787
Intangible assets, net (including goodwill), including:152023285964
Goodwill 1010    
Intangible assets, net (excluding goodwill)  1013184553
Other undisclosed intangible assets, net (including goodwill)5010101411
Total noncurrent assets:1071271369696151
Other undisclosed assets5,6376,2156,4535,5194,9514,599
TOTAL ASSETS:7,0647,8397,9486,8086,3155,901
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      96
Taxes payable    96
Total current liabilities:      96
Noncurrent Liabilities
Liabilities, other than long-term debt391338214   
Deferred income tax liabilities391338214 
Total noncurrent liabilities:391338214   
Other undisclosed liabilities2,7533,2433,4502,7602,8262,805
Total liabilities:3,1443,5803,6642,7602,8262,901
Equity
Equity, attributable to parent3,9194,2594,2844,0493,4893,000
Common stock 000000
Treasury stock, value(931)(921)(910)(902)(895)(894)
Additional paid in capital1,5201,8782,2462,4502,7252,754
Accumulated other comprehensive income (loss)(457)120264110(61)23
Retained earnings3,7873,1812,6852,3901,7201,116
Other undisclosed equity, attributable to parent      
Total equity:3,9194,2594,2844,0493,4893,000
TOTAL LIABILITIES AND EQUITY:7,0647,8397,9486,8086,3155,901

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,1911,3301,4391,5271,2731,222
Premiums earned, net9811,0371,1151,1451,014
Net investment income196148154172152127
Financial services revenue933
Cost of revenue  (241)(678)(367)(302)(406)
Cost of goods and services sold  (104)(86)(108)(98)(105)
Policyholder benefits and claims incurred, net  (21)(485)(132) 
Gross profit:1,1911,0897601,160971816
Operating expenses(396)(324)(281)(311)(287)(469)
Operating income:795765479849684347
Interest and debt expense(84)(84)(71)(79)(61)(114)
Income from continuing operations before equity method investments, income taxes:710680408770623233
Other undisclosed income from continuing operations before income taxes24384717961114
Income from continuing operations before income taxes:953765479849684347
Income tax expense(210)(164)(86)(177)(78)(226)
Income from continuing operations:743601394672606121
Income before gain (loss) on sale of properties:601394672606121
Net income available to common stockholders, basic:743601394672606121
Other undisclosed net loss available to common stockholders, diluted      (0)
Net income available to common stockholders, diluted:743601394672606121

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:743601394672606121
Other comprehensive income (loss)(577)(144)153171(87)35
Comprehensive income, net of tax, attributable to parent:166457547844519157

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: