Radian Group Inc. (RDN) financial statements (2022 and earlier)

Company profile

Business Address 550 EAST SWEDESFORD ROAD
WAYNE, PA 19087
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1431,2291,2401,2151,1481,0321,426
Cash and cash equivalents151155135103888268
Short-term investments9921,0741,1051,1121,0609501,357
Prepaid expense354313276211211192192
Total current assets:1,4981,5421,5161,4261,3591,2241,617
Noncurrent Assets
Operating lease, right-of-use asset32333531333534
Property, plant and equipment75747478802728
Intangible assets, net (including goodwill), including:20202122232526
Goodwill10      
Intangible assets, net (excluding goodwill)10   13  
Other undisclosed intangible assets, net (including goodwill)0202122102526
Total noncurrent assets:1271271301321368788
Other undisclosed assets6,2156,3726,3636,3636,4536,4665,864
TOTAL ASSETS:7,8398,0428,0097,9217,9487,7777,569
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt338287266211214  
Deferred income tax liabilities338287266211214  
Total noncurrent liabilities:338287266211214  
Other undisclosed liabilities3,2433,4973,4093,4753,4503,6553,583
Total liabilities:3,5803,7843,6753,6863,6643,6553,583
Stockholders' equity
Stockholders' equity attributable to parent4,2594,2584,3344,2354,2844,1223,986
Common stock0000000
Treasury stock, value(921)(920)(920)(910)(910)(910)(910)
Additional paid in capital1,8782,0132,1622,2432,2462,2392,233
Accumulated other comprehensive income120152179117264232212
Retained earnings3,1813,0132,9132,7862,6852,5612,450
Total stockholders' equity:4,2594,2584,3344,2354,2844,1223,986
TOTAL LIABILITIES AND EQUITY:7,8398,0428,0097,9217,9487,7777,569

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues338326337329370375364
Premiums earned, net261249255272302286249
Cost of revenue(174)(17)(4)(9)(250)(88)(6)
Policyholder benefits and claims incurred, net (17)(4)  (88) 
Deferred policy acquisition costs, amortization expense   (9)  (6)
Gross profit:164308333320120287358
Operating expenses150(164)(141)(168)488(214)(407)
Operating income (loss):31414419215260873(48)
Interest and debt expense(21)(21)(21)(21)(21)(21)(17)
Income (loss) from continuing operations before equity method investments, income taxes:29212317113158652(65)
Other undisclosed income (loss) from continuing operations before income taxes(46)382530(407)10923
Income (loss) from continuing operations before income taxes:247162195161179161(42)
Income tax expense (benefit)(53)(35)(40)(36)(31)(26)12
Net income (loss) available to common stockholders, diluted:193126155126148135(30)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):193126155126148135(30)
Other comprehensive income (loss)(32)(27)62(147)3220182
Comprehensive income (loss), net of tax, attributable to parent:161100217(21)180155152

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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