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Capital Stock (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of Rollforward of Common Stock | The following table shows the year-to-date changes in common stock outstanding for each of the periods indicated.
Common stock outstanding |  |  |  |
(In thousands) |  | June 30, 2024 |  | December 31, 2023
Balance at beginning of period |  | 153,179 |  |  | 157,056 |
Shares repurchased under share repurchase programs |  | (3,344) |  |  | (5,264) |
Issuance of common stock under incentive and benefit plans, net of shares withheld for employee taxes |  | 1,313 |  |  | 1,387 |
Balance at end of period |  | 151,148 |  |  | 153,179 |
Schedule of Dividends Declared and Paid | The following table presents the amount of dividends declared and paid, on a per share basis, for each quarter and annual period as indicated.
Dividends declared and paid |  |  |  |
|  | 2024 |  | 2023
Quarter ended |  |  |  |
March 31 |  | $ | 0.245 |  |  | $ | 0.225 |
June 30 |  | 0.245 |  |  | 0.225 |
September 30 |  | N/A |  | 0.225 |
December 31 |  | N/A |  | 0.225 |
Total annual dividends per share declared and paid |  | $ | 0.490 |  |  | $ | 0.900 |
N/A – Not applicable
Schedule of Roll forward of RSUs | Information with regard to RSUs to be settled in stock for the periods indicated is as follows.
Rollforward of RSUs
|  | Performance-Based |  | Time-Vested
|  | Number of Shares |  | Weighted Average Grant Date Fair Value |  | Number of Shares |  | Weighted Average Grant Date Fair Value
Outstanding, December 31, 2023 (1) |  | 2,970,874 |  |  | $ | 18.28 |  |  | 1,786,615 |  |  | $ | 18.16 |
Granted (2) |  | 484,480 |  |  | $ | 29.32 |  |  | 386,882 |  |  | $ | 31.25 |
Performance adjustment (3) |  | 557,957 |  |  | $ | — |  |  | — |  |  | $ | — |
Vested (4) |  | (1,344,579) |  |  | $ | 14.50 |  |  | (515,951) |  |  | $ | 20.44 |
Forfeited |  | (5,066) |  |  | $ | 24.62 |  |  | (3,915) |  |  | $ | 22.38 |
Outstanding, June 30, 2024 (1) |  | 2,663,666 |  |  | $ | 22.62 |  |  | 1,653,631 |  |  | $ | 20.51 |
(1)Outstanding RSUs represent shares that have not yet been issued because not all conditions necessary to earn the right to benefit from the instruments have been satisfied. For performance-based awards, the final number of RSUs distributed depends on: (i) the cumulative growth in Radian’s book value per share adjusted for certain defined items over the respective three-year performance period and for the performance-based RSUs granted in 2023, which also include a modifier based on a comparison of our total shareholder return to the total shareholder return of certain of our peers and (ii) with the exception of certain retirement-eligible employees, continued service through the vesting date, which could result in changes to the number of vested RSUs. (2)For performance-based RSUs, amount represents the number of target shares at grant date. (3)For performance-based RSUs, amount represents the difference between the number of shares vested at settlement, which can range from 0 to 200% of target depending on results over the applicable performance periods, and the number of target shares at the grant date. (4)Represents amounts vested during the period, including the impact of performance adjustments for performance-based awards.

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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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