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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1431,1481,0581,2231,1031,6742,403
Cash and cash equivalents151889395815247
Short-term investments9921,0609661,1281,0221,6212,356
Receivables   4448410
Prepaid expense354211135    
Total current assets:1,4981,3591,1931,2671,1511,6772,413
Noncurrent Assets
Operating lease, right-of-use asset323338
Property, plant and equipment75803037877147
Intangible assets, net (including goodwill), including:2023285964276289
Goodwill10      
Intangible assets, net (excluding goodwill)10131845538194
Other undisclosed intangible assets, net (including goodwill)010101411195195
Total noncurrent assets:1271369696151347336
Other undisclosed assets6,2156,4535,5194,9514,5993,8392,893
TOTAL ASSETS:7,8397,9486,8086,3155,9015,8635,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    96131124
Taxes payable    96131124
Total current liabilities:    96131124
Noncurrent Liabilities
Liabilities, other than long-term debt338214     
Deferred income tax liabilities338214 
Total noncurrent liabilities:338214     
Other undisclosed liabilities3,2433,4502,7602,8262,8052,8603,021
Total liabilities:3,5803,6642,7602,8262,9012,9913,145
Stockholders' equity
Stockholders' equity attributable to parent4,2594,2844,0493,4893,0002,8722,497
Common stock0000000
Treasury stock, value(921)(910)(902)(895)(894)(893)(893)
Additional paid in capital1,8782,2462,4502,7252,7542,7802,717
Accumulated other comprehensive income (loss)120264110(61)23(12)(18)
Retained earnings3,1812,6852,3901,7201,116998692
Total stockholders' equity:4,2594,2844,0493,4893,0002,8722,497
TOTAL LIABILITIES AND EQUITY:7,8397,9486,8086,3155,9015,8635,642

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,3301,4391,5271,2731,2221,2381,193
Premiums earned, net1,0371,1151,1451,014
Financial services revenue933922916
Cost of revenue(241)(678)(367)(302)(406)(510)(509)
Cost of goods and services sold(104)(86)(108)(98)(105)(114)(90)
Policyholder benefits and claims incurred, net(21)(485)(132) 
Gross profit:1,0897601,160971816729684
Operating expenses(324)(281)(311)(287)(469)(245)(246)
Operating income:765479849684347484438
Interest and debt expense(84)(71)(79)(61)(114)(156)(91)
Other undisclosed income from continuing operations before equity method investments, income taxes      91
Income from continuing operations before equity method investments, income taxes:680408770623233327438
Other undisclosed income from continuing operations before income taxes84717961114156 
Income from continuing operations before income taxes:765479849684347484438
Income tax expense(164)(86)(177)(78)(226)(175)(156)
Net income:601394672606121308282
Other undisclosed net income attributable to parent      5
Net income available to common stockholders, basic:601394672606121308287
Other undisclosed net income (loss) available to common stockholders, diluted    (0)615
Net income available to common stockholders, diluted:601394672606121314302

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:601394672606121308282
Other comprehensive income (loss)(144)153171(87)356(70)
Comprehensive income:457547844519157314211
Other undisclosed comprehensive income, net of tax, attributable to parent      5
Comprehensive income, net of tax, attributable to parent:457547844519157314217

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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