XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.25.3

Capital Stock (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Equity [Abstract] |
Schedule of Rollforward of Common Stock | The following table shows the changes in common stock outstanding for each of the periods indicated.
Common stock outstanding |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In thousands) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Common stock outstanding at beginning of period |  |  | 135,395 |  |  |  | 151,148 |  |  |  | 147,569 |  |  |  | 153,179 |
Shares repurchased under share repurchase programs |  |  | — |  |  |  | (1,457 | ) |  |  | (13,417 | ) |  |  | (4,801 | )
Issuance of common stock under incentive and benefit plans, net of shares withheld for employee taxes |  |  | 78 |  |  |  | 85 |  |  |  | 1,321 |  |  |  | 1,398 |
Common stock outstanding at end of period |  |  | 135,473 |  |  |  | 149,776 |  |  |  | 135,473 |  |  |  | 149,776 |
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 |  |  |  |  |  |
|  | 2025 |  |  | 2024 |
Quarter ended |  |  |  |  |  |
March 31 |  | $ | 0.255 |  |  | $ | 0.245 |
June 30 |  |  | 0.255 |  |  |  | 0.245 |
September 30 |  |  | 0.255 |  |  |  | 0.245 |
December 31 |  | N/A |  |  |  | 0.245 |
Total annual dividends per share declared and paid |  | $ | 0.765 |  |  | $ | 0.980 |
Schedule of Roll forward of RSUs | Information with regard to RSUs to be settled in stock 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, 2024 (1) |  |  | 2,639,190 |  |  | $ | 22.57 |  |  |  | 1,589,396 |  |  | $ | 20.75 |
Granted (2) |  |  | 492,170 |  |  |  | 30.96 |  |  |  | 387,072 |  |  |  | 33.17 |
Performance adjustment (3) |  |  | 549,540 |  |  |  | — |  |  |  | — |  |  |  | — |
Vested (4) |  |  | (1,158,485 | ) |  |  | 20.19 |  |  |  | (617,517 | ) |  |  | 21.96 |
Forfeited |  |  | (13,133 | ) |  |  | 29.64 |  |  |  | (8,239 | ) |  |  | 27.25 |
Outstanding, September 30, 2025 (1) (5) |  |  | 2,509,282 |  |  | $ | 24.61 |  |  |  | 1,350,712 |  |  | $ | 23.72 |
(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 starting in 2023, 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) For both performance-based and time-vested RSUs, amount represents the number of shares vested during the period, including the impact of performance adjustments for performance-based awards. (5) Includes 184,391 performance-based shares and 122,345 time-vested shares granted to employees in our Mortgage Conduit, Title and Real Estate businesses, which are presented as discontinued operations.

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in common stock outstanding. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration