Radian Group Inc cash flow statement RDN

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Radian Group Inc generated $119.9 million of cash from operations, up 118.1% from the year before. It spent $4.2 million on capital expenditures. That left free cash flow of $115.7 million. The company returned $145.6 million in dividends and $431.9 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015
Operating
Depreciation and amortization	—	10 -33.3%	15 +25.0%	12 -20.0%	15 -6.2%	16 -12.6%	18	—	—	—	—
Operating cash flow	1,393 +220.9%	120 +118.1%	-664 -225.3%	529 +36.3%	388 -30.3%	557 -15.4%	658 -5.2%	694	361 -5.5%	382 +3156.8%	12 +108.0%
Investing
Capital expenditures	3 +135.2%	4 +169.1%	2 -81.7%	9	—	—	—	—	—	—	—
Investing cash flow	-235 -137.0%	127 -61.2%	328 +208.9%	-301 -5713.4%	-5 -177.9%	-2 +99.8%	-883 -192.4%	-302	-201 -14.4%	-176 -6405.8%	3 +100.8%
Financing
Debt repaid	—	—	—	—	—	0	0 -100.0%	611	594 +33.4%	445 +185.0%	156 +172.9%
Short-term debt issued	—	—	2,189	—	—	—	—	—	—	—	—
Short-term debt repaid	—	—	1,770	—	—	—	—	—	—	—	—
Dividends paid	142 -5.0%	146 -4.2%	152 +4.1%	146 +7.7%	135 +31.1%	103 +6.0%	97 +4628.7%	2 -3.7%	2 +2.3%	2 +5.5%	2 +7.0%
Stock buybacks	130 -76.6%	432 +91.9%	225 +68.8%	133 -66.7%	400 +0.3%	399 +76.4%	226 -24.6%	300 +499.8%	0 -100.0%	100 -50.4%	202
Financing cash flow	-1,026 -295.2%	-243 -168.1%	357 +234.8%	-265 +44.7%	-479 +3.5%	-497 -323.2%	223 +155.2%	-403	-125 +38.5%	-203 -33921.8%	1 -99.9%
Change in cash
Effect of exchange rate	—	—	—	—	—	0	0 +100.0%	-0	0 +189.6%	-0 -261.7%	-0 -98.5%
Net change in cash	134 +1996.5%	4 -81.1%	21 +158.7%	-36 +62.0%	-96 -264.3%	58 +2847.8%	-2 +80.2%	-11	—	—	—
Free cash flow	1,390 +220.5%	116 +117.4%	-665 -227.7%	521	—	—	—	—	—	—	—
Per share
Free cash flow per share	10.07 +229.2%	0.82 +119.0%	-4.31 -232.6%	3.25	—	—	—	—	—	—	—
Dividend per share	—	1.02 +4.1%	0.98 +8.9%	0.90	—	—	—	—	0.01 +0.0%	0.01 +0.0%	0.01 +0.0%
Shareholder returns
Returned to shareholders	273	578	377	279	536	502	324	302	2	102	204
Share of free cash flow	19.61%	499.35%	—	53.60%	—	—	—	—	—	—	—
Ratios
Free cash flow margin	84.53%	9.66%	-55.14%	44.25%	—	—	—	—	—	—	—
Capital expenditures to revenue	0.18%	0.35%	0.13%	0.72%	—	—	—	—	—	—	—
Cash conversion	2.60x	0.21x	-1.10x	0.88x	0.52x	0.93x	1.67x	1.03x	2.98x	1.24x	0.04x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Surety Insurance (SIC 6351)
Listed as: RDN (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: Wayne, PA
SEC filer status: Large accelerated filer
SEC CIK: 890926
Former names: CMAC INVESTMENT CORP (until May 11, 1999)

Other Surety Insurance companies

All 8 Surety Insurance companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.