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  TORONTO, ON, June 3, 2026 - TheNewswire – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) is excited to announce that it has entered into a definitive royalty purchase agreement (the “Agreement”) with the holders of two existing privately held 1% net smelter return royalties (each, a “Royalty” and together, the “Royalties”) on Titiminas Silver Inc.’s (TSXV: TITI)  (“Titiminas Silver”) Madre Sierra deposit (the “Project”) in Jauja, Peru (the “Transaction”)..  The Agreement provides for Silver Crown’s acquisition of the Royalties for cash consideration of US$6,000,000 payable at closing of the Transaction (“Closing”), with an additional US$1,000,000 payable in cash to the holder of each Royalty upon Silver Crown’s receipt of the first payment under such Royalty (for total cash consideration of up to US$8,000,000). Closing is expected to occur on or before June 30, 2026 and is subject to customary conditions precedent as well as the registration of the Royalties on title to the Project.

TRANSACTION AND ASSET HIGHLIGHTS:

Imminent Revenue: The Project a past producing mine with numerous surface access points and working faces targeting small scale (70-100tpd) production in Q4 2026. Titiminas Silver’s target process rates are 1,000-1,100tpd in 18-24 months. SCRi anticipates the Project to be in production by Q4 and revenue contributions of around 60,000 silver ounces annually within two years.  

Crystalize Value and Diversifying Asset Portfolio: Transaction is accretive on net asset value and per share metrics.  

Exploration and Production Upside: Titiminas Silver controls a significant land package in a past producing polymetallic camp.  

Funding: SCRi has over C$15 million in cash and silver bullion immediately available to fund the transaction.  

“This transaction marks our first acquisition of a pre-existing royalty, at 75% of silver value (at recent market prices), the Royalties fit our ‘pure silver’ approach. Having visited the site in May, we believe these royalties will have a transformative effect on SCRi with the potential to add over 60,000 ounces per annum within the next two years. Silver Crown will continue to work with Titiminas Silver to further support development at the Madre Sierra project” stated Peter Bures, Silver Crown’s CEO.

ABOUT SILVER CROWN ROYALTIES INC.

Founded by seasoned industry professionals, Silver Crown Royalties (Cboe: SCRI | OTCQX: SLCRF | BF: QS0) is a publicly traded silver royalty company dedicated to generating free cash flow. Silver Crown currently holds five silver royalties. Its business model offers investors exposure to precious metals, providing a natural hedge against currency devaluation while mitigating the adverse effects of production-related cost inflation. Silver Crown strives to minimize the economic burden on mining projects while simultaneously maximizing shareholder returns. For further information, please contact:

Silver Crown Royalties Inc.

Peter Bures, Chairman and CEO

T: (416) 481-1744 | [email protected]    

FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, the Agreement provides for Silver Crown’s acquisition of the Royalties for cash consideration of US$6,000,000.00 payable at closing of the Transaction (“Closing”), with an additional US$1,000,000 payable in cash to the holder of each Royalty upon Silver Crown’s receipt of the first payment under such Royalty (for total cash consideration of up to US$8,000,000.00); Closing is expected to occur on or before June 30, 2026 and is subject to customary conditions precedent as well as the registration of the Royalties on title to the Project; targeting small scale (70-100tpd) production in Q4 2026; Titiminas Silver’s target process rates are 1,000-1,100tpd in 18-24 months; SCRi anticipates the Project to be in production by Q4 and revenue contributions of around 60,000 silver ounces annually within two years; Transaction is accretive on net asset value and per share metrics; and “We believe these royalties will have a transformative effect on SCRi with the potential to add over 60,000 ounces per annum within the next two years. Silver Crown will continue to work with Titiminas Silver to further support development at the Madre Sierra project”  . Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which SCRI will purchase silver and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; SCRI’s ability to enter into definitive agreements and close proposed royalty transactions; the inherent uncertainties related to the valuations ascribed by SCRI to its royalty interests; problems inherent to the marketability of silver and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects SCRI; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises on SCRI’s business, operations and financial condition, loss of key employees. SCRI has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SCRI undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

June 05, 2026 17:01 ET  | Source: Crown Point Energy Inc.

THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

CALGARY, Alberta, June 05, 2026 (GLOBE NEWSWIRE) -- Crown Point Energy Inc. (TSX-V:CWV) ("Crown Point" or the "Company") is pleased to announce that it has filed a (final) short form prospectus (the "Prospectus") in each of the provinces of Canada, other than Québec, with respect to an offering (the "Rights Offering") of rights ("Rights") to acquire common shares of the Company ("Common Shares") to raise gross proceeds of US$30 million.

Pursuant to the Rights Offering, each eligible registered holder of Common Shares as at the close of business on June 15, 2026 (the "Record Date") will receive one (1) Right for each one (1) Common Share held. Each Right will entitle an eligible holder thereof to acquire 3.29204388 Common Shares at a price of US$0.41150549 per Right (representing a subscription price of US$0.125 per Common Share). The subscription price must be paid in United States dollars. The Rights issued under the Rights Offering will be evidenced by direct registration system advices (each a "Rights DRS Advice") and will expire at 5:00 p.m. (Toronto time) on July 13, 2026 (the "Expiry Date"), after which time unexercised Rights will be void and of no value. The Rights Offering includes an additional subscription privilege under which eligible holders of Rights who fully exercise their Rights will be entitled to subscribe for additional available Common Shares. Closing of the Rights Offering is expected to occur on or about July 15, 2026.

The Prospectus and related Rights DRS Advices will be mailed to all eligible registered shareholders as of the close of business on the Record Date. Eligible registered shareholders wishing to exercise their Rights must forward a completed Rights DRS Advice, together with the applicable funds (in United States dollars), to Olympia Trust Company, the rights agent of the Company, on or before the Expiry Date. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

The Common Shares will trade on the TSX Venture Exchange ("TSXV") on an "ex-rights" basis commencing on June 15, 2026. The Rights will be listed for trading on the TSXV under the symbol "CWV.RT" commencing on June 15, 2026 and will be de-listed from the TSXV at noon (Toronto time) on the Expiry Date.

Under the Rights Offering, any Rights that would otherwise be distributed by the Company to shareholders who are not resident in the provinces of Canada (other than Québec), will instead be delivered to the subscription agent, Olympia Trust Company, who will hold such Rights as agent for the benefit of all such ineligible holders. Further information regarding the treatment of Rights issued to shareholders resident in ineligible jurisdictions is included in the Prospectus.

The Company intends to use the gross proceeds of the Rights Offering to make an equity investment in Crown Point Energía S.A. ("CPESA"), the Company's wholly owned subsidiary, and CPESA intends to use such funds (together with cash on hand) to repay the US$30 million loan (plus accrued interest) obtained from Liminar Energía SA ("Liminar"), the proceeds of which were used to fund a portion of the purchase price payable by CPESA to complete the acquisition of a 95% operated interest in the El Tordillo, La Tapera and Puesto Quiroga hydrocarbon exploitation concessions and certain related pipeline and other infrastructure located in the Province of Chubut, Argentina.

As previously announced, the Company has entered into a standby purchase agreement (the "Standby Purchase Agreement") with its largest shareholder, Liminar. Pursuant to the Standby Purchase Agreement, subject to the satisfaction of certain conditions, Liminar has agreed to fully exercise its basic subscription privilege and exercise its additional subscription privilege to the extent necessary to subscribe for all Common Shares available under the Rights Offering. As a result, subject to the satisfaction of the terms and conditions of the Standby Purchase Agreement, the Rights Offering will be fully backstopped by Liminar.

Mr. Pablo Peralta, a director of the Company, is the President and a director of Liminar and controls 45% of the voting shares of Liminar. Mr. Andrés Peralta, the President and a director of CPESA, is a director of Liminar and indirectly controls 10% of the voting shares of Liminar. Mr. Juan Llado, a director of each of the Company and CPESA, is a director of Liminar. Liminar is a "control person" of the Company by virtue of owning approximately 63.9% of the outstanding Common Shares, and as such, Liminar is a "related party" of the Company. No fees are payable by Crown Point to Liminar pursuant to the Standby Purchase Agreement.

The Rights Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the final acceptance of the TSXV. Further details concerning the Rights Offering, including the details of the Standby Purchase Agreement, are contained in the Prospectus available on the Company's SEDAR+ profile at www.sedarplus.ca.

This press release is not an offer of securities of the Company for sale in the United States. The Rights and Common Shares issuable on exercise of the Rights have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Rights and Common Shares may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States.

  For inquiries please contact:   Brian J. MossMarcos EstevesInterim President & CEOVice-President, Finance & CFOPh: (403) 232-1150Ph: +54 11 5032 5600Crown Point Energy Inc.Crown Point Energy [email protected]@crownpointenergy.com  Website: www.crownpointenergy.com    About Crown Point

Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Buenos Aires, Argentina, incorporated in Canada, trading on the TSX Venture Exchange and operating in Argentina. Crown Point’s exploration and development activities are focused in four producing basins in Argentina, the Golfo San Jorge basin in the Provinces of Santa Cruz and Chubut, the Austral basin in the Province of Tierra del Fuego and the Neuquén and Cuyo (or Cuyana) basins in the Province of Mendoza.

Forward looking information: Certain information set forth in this news release, including: matters relating to the timing and completion of the Rights Offering, including certain key dates and events related thereto, the proceeds to be raised pursuant to the Rights Offering, certain anticipated terms and conditions of the Rights Offering and the use of proceeds from the Rights Offering, is considered forward-looking information, and necessarily involve risks and uncertainties, certain of which are beyond Crown Point’s control. Such risks include but are not limited to: the receipt of all necessary regulatory and third party approvals; the risk that the Rights Offering is not completed in the manner and timeframes contemplated herein (or at all) due to the termination of the Standby Purchase Agreement, the failure to meet the other conditions to the Rights Offering set forth herein, or otherwise; and the risk that the Company may reallocate the net proceeds from the Rights Offering. Actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking information and, accordingly, no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Crown Point will derive therefrom. With respect to forward-looking information contained herein, the Company has made certain assumptions, including that: the Standby Purchase Agreement will not be terminated and Liminar will comply with its obligations thereunder; the timely receipt of any required regulatory approvals; and that the Company will be able to deploy the net proceeds from the Rights Offering as anticipated. Additional information on these and other factors that could affect Crown Point are included in reports on file with Canadian securities regulatory authorities, including under the heading “Risk Factors” in the Prospectus and in the Company’s most recent annual information form, and may be accessed through the SEDAR+ website (www.sedarplus.ca). Furthermore, the forward-looking information contained in this news release are made as of the date of this document, and Crown Point does not undertake any obligation to update publicly or to revise any of the included forward looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities law. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

The telecommunications infrastructure landscape is evolving as 5G expansion continues. Choosing between American Tower (AMT +0.05%) and Crown Castle (CCI +0.33%) requires weighing international growth against a dedicated focus on the domestic market.

Both companies operate as real estate investment trusts (REITs) and lease essential space for wireless communication. While American Tower manages a massive global footprint and a growing data center business, Crown Castle concentrates its assets primarily within the United States. This comparison helps you decide which strategy aligns with your portfolio goals for 2026.

The case for American TowerAmerican Tower provides essential infrastructure to the global telecommunications industry through real estate investing in towers and data centers. The company manages nearly 150,000 communications sites across more than 20 countries, leasing space to government agencies and wireless carriers. Significant customers representing over 10% of revenue include T-Mobile (18%), AT&T (17%), Verizon Wireless (14%), and Telefónica (10%). Customer concentration like this adds a layer of risk to the business, as these four tenants represent the vast majority of income.

In FY 2025, revenue reached approximately $10.6 billion, up roughly 5.1% from the previous year. The company reported a net income of nearly $2.5 billion for the period, supported by a healthy net margin of approximately 23.8%. This steady performance highlights the stability of long-term lease contracts in the wireless infrastructure sector. The expansion into data centers through its CoreSite acquisition further diversifies its revenue streams beyond traditional tower leasing.

As of its December 2025 balance sheet, the debt-to-equity ratio was roughly 12.3x, which measures total debt relative to shareholders’ equity. The current ratio is approximately 0.6x, indicating that short-term liabilities exceed current assets. Free cash flow for the year was nearly $3.8 billion, calculated as cash from operations minus capital expenditures. This consistent cash generation allows the company to continue investing in its global infrastructure while supporting its dividend payments to shareholders.

The case for Crown CastleCrown Castle operates as a pure-play provider of communications infrastructure within the United States, managing roughly 40,000 cell towers. The company focuses on the top 100 markets, leasing space to major wireless carriers to support their domestic 5G rollouts. Revenue is heavily concentrated among its three largest tenants, T-Mobile, AT&T, and Verizon Wireless, which collectively accounted for approximately 90% of site rental revenues in 2025. This dependency makes the company vulnerable to shifts in the capital allocation strategies of these few major carriers.

For FY 2025, revenue was nearly $4.3 billion, following a period of significant strategic adjustment for the company. Despite a revenue decline of roughly 35.1% compared to the prior year, Crown Castle reported a net income of approximately $444.0 million. This result reflects a net margin of nearly 10.4%, marking a recovery from a substantial net loss in the previous fiscal year. The company remains focused on optimizing its tower and small cell portfolio to drive higher profitability from its existing domestic assets.

As of its December 2025 balance sheet, the debt-to-equity ratio was approximately -18.1x, which indicates that total liabilities exceed shareholder equity. The current ratio is nearly 0.3x, showing a tight liquidity position relative to upcoming short-term obligations. Free cash flow for FY 2025 was roughly $2.9 billion, representing the cash remaining after capital expenditures are deducted from operating cash flow. This liquidity is critical as the company navigates ongoing legal disputes, including a default notice regarding a major contract with DISH Wireless L.L.C.

Risk profile comparisonAmerican Tower faces significant risks from its high customer concentration, particularly among a few dominant wireless carriers. Competition from other tower owners and alternative technologies, such as satellite services, could put downward pressure on rental rates. Additionally, the company is exposed to international risks, including regulatory changes and currency fluctuations across its global markets. Public opposition to new site construction or upgrades also poses a threat to its expansion plans in certain regions.

Crown Castle is also vulnerable to customer concentration, as its reliance on T-Mobile US, AT&T, and Verizon Communications leaves little room for negotiation. The company bears significant construction risks, where delays or cost overruns on complex infrastructure projects can negatively impact financial results. Furthermore, technological shifts toward network virtualization or more efficient spectrum use may reduce the long-term demand for traditional tower space. Climate risks, specifically the threat of wildfires in the United States, could also lead to uninsured liabilities or service interruptions.

Valuation comparisonWhen evaluating these stocks, the forward P/E suggests a higher premium for Crown Castle, while the P/S ratio is more comparable between the two.

MetricAmerican TowerCrown CastleSector BenchmarkForward P/E29.1x44.2x33.3xP/S ratio8.4x9.5xSector benchmark uses the SPDR XLRE sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Both companies play a major role in the communications infrastructure industry. They offer different opportunities, though. Investors need to consider whether they prefer allocating their money in a relatively reliable business or are willing to accept higher risk in exchange for greater potential earnings. Still, neither is without risk. So, which is the best investment in 2026?

American Tower has been delivering impressive results as of Q1 2026. It lost many leases to Sprint following its merger with T-Mobile in 2020, but it seems to have moved past that. It also pays a steady, growing dividend. But it relies on just a few dominant wireless carriers for most of its revenue and faces competition from other tower owners and satellite services.

Crown Castle is executing a turnaround strategy after years of disappointing performance. It invested heavily in fiber networks and small cells to take advantage of 5G, but the rollout of that tech was slower than anticipated. Instead, it is focusing on cell tower ownership and using the proceeds from the sale of its fiber/small cell business to strengthen its balance sheet. It still pays an attractive dividend, though, and traditional tower ownership with long-term leases is a high-margin enterprise.

Investors who are willing to bet on Crown’s turnaround could reap significant rewards if it succeeds. But as a conservative, long-term investor, I’d stake my bet on American Tower, which appears better positioned to deliver steady growth.

— Radian completes acquisition of Inigo, becoming a global multi-line specialty insurer —

— First quarter diluted net income from continuing operations per share of $0.93 —

— First quarter adjusted net operating income per share of $1.27 —

— First quarter return on equity from continuing operations of 10.8% —

— Adjusted net operating return on equity of 14.7% —

— Book value per share growth of 10% year-over-year to $35.67 —

— $140 million ordinary dividend paid from Radian Guaranty to holding company during the first quarter —

— Repurchased $50 million of shares and paid $35 million of dividends to stockholders during first quarter —

WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today reported net income from continuing operations for the quarter ended March 31, 2026, of $129 million, or $0.93 per diluted share. This compares with net income from continuing operations for the quarter ended March 31, 2025, of $152 million, or $1.03 per diluted share.

Pretax income from continuing operations for the quarter ended March 31, 2026, was $174 million compared to $199 million for the quarter ended March 31, 2025. The results for the first quarter of 2026 include $49 million of acquisition-related expenses, amortization of acquired intangible assets and other purchase accounting adjustments related to the company’s acquisition of Inigo.

Adjusted pretax operating income for the quarter ended March 31, 2026, was $232 million compared to $201 million for the quarter ended March 31, 2025. Adjusted diluted net operating income per share for the quarter ended March 31, 2026, was $1.27 compared to $1.04 for the quarter ended March 31, 2025.

Key Financial Highlights

Quarter ended

($ in millions, except per-share amounts)

March 31,
2026 (1)

December 31,
2025

March 31,
2025

Consolidated

Total revenues

$466

$301

$295

Net premiums earned

$403

$237

$234

Net investment income

$70

$63

$61

Net income

$124

$155

$145

Net income from continuing operations

$129

$159

$152

Diluted net income from continuing operations per share

$0.93

$1.15

$1.03

Pretax income from continuing operations

$174

$201

$199

Adjusted pretax operating income (2)

$232

$204

$201

Adjusted diluted net operating income per share (2)

$1.27

$1.16

$1.04

Return on equity from continuing operations

10.8%

13.5%

13.2%

Adjusted net operating return on equity (2)

14.7%

13.6%

13.4%

Segment information (3)

Combined ratio - Mortgage (4)

30.2%

28.1%

27.8%

Combined ratio - Specialty (4)

85.3%

N/A

N/A

New insurance written - Mortgage

$13,490

$15,850

$9,489

Gross premiums written - Specialty

$162

N/A

N/A

As of

($ in millions, except per-share amounts)

March 31,
2026

December 31,
2025

March 31,
2025

Consolidated

Book value per share

$35.67

$35.29

$32.48

Accumulated other comprehensive income (loss) value per share

$(1.94)

$(1.64)

$(2.09)

Available holding company liquidity (5)

$391

$1,834

$834

Total investments

$7,040

$5,987

$5,725

Assets held for sale

$280

$474

$1,517

Liabilities held for sale

$219

$364

$1,312

Segment information

PMIERs Available Assets

$5,445

$5,384

$6,022

PMIERs excess Available Assets

$1,596

$1,560

$2,094

Primary mortgage insurance in force

$281,718

$282,519

$274,159

Percentage of primary loans in default

2.51%

2.56%

2.33%

N/A – Not applicable

(1)

Includes Inigo results from the date of acquisition, February 2, 2026.

(2)

Adjusted results, including adjusted pretax operating income, adjusted diluted net operating income per share and adjusted net operating return on equity, are on a continuing operations basis and are non-GAAP financial measures on a consolidated basis. For definitions and reconciliations of these measures to the comparable GAAP measures, see Exhibits F and G.

(3)

See Exhibit E for additional segment information.

(4)

Calculated as the sum of each segment’s reported provision for losses and operating expenses (which consist of amortization of policy acquisition costs and other operating expenses) expressed as a percentage of net premiums earned. See Exhibit E for additional details on the key ratios by segment.

(5)

Represents Radian Group’s available liquidity without considering available capacity under its unsecured revolving credit facility.

Book value per share at March 31, 2026, was $35.67 compared to $35.29 at December 31, 2025, and $32.48 at March 31, 2025. This represents a 10% growth in book value per share at March 31, 2026, as compared to March 31, 2025, and includes accumulated other comprehensive income (loss) of $(1.94) per share as of March 31, 2026, and $(2.09) per share as of March 31, 2025. Changes in accumulated other comprehensive income (loss) are primarily from net unrealized gains or losses on investments as a result of decreases or increases, respectively, in market interest rates.

“This quarter marks a defining milestone for Radian, our first as a global multi-line specialty insurer following the successful acquisition of Inigo. By uniting two world-class insurance businesses, we have created a more diversified and resilient enterprise, as reflected in our exceptional first quarter results,” said Radian Chief Executive Officer Rick Thornberry. “With a strong capital position, 22% year-over-year growth in adjusted diluted net operating income per share and adjusted operating return on equity increasing to 14.7% in the quarter, we are demonstrating the power of our strategy. We are confident in our direction, energized by the opportunities ahead, and committed to delivering long-term value for our stockholders.”

FIRST QUARTER RESULTS OF OPERATIONS

Mortgage

The Mortgage segment reported adjusted pre-tax operating income of $221 million for the quarter. Key drivers of Mortgage segment’s first quarter results include:

Primary Insurance in Force of $282 billion, an increase of 3% year-over-year New Insurance Written of $13.5 billion, an increase of 42% year-over-year Annualized persistency for the three months ended March 31, 2026, of 81.3% Net premiums earned grew to $238 million, with a stable in-force portfolio premium yield of 37.9 basis points Provision for losses of $24 million, which includes favorable reserve development on prior period defaults of $36 million Mortgage segment combined ratio of 30.2%, including an expense ratio of 20.0% See Exhibit E for additional segment information Specialty

The Specialty segment reported adjusted pre-tax operating income of $40 million for the quarter, reflecting Inigo’s operations for the period post-acquisition, beginning February 2, 2026. Key drivers of Specialty segment’s results for the period since acquisition include:

Total gross premiums written of $162 million Insurance gross premiums written of $82 million Reinsurance gross premiums written of $80 million Net premiums earned of $164 million Provision for losses of $86 million, which includes favorable reserve development on prior year loss reserves of $13 million Specialty segment combined ratio of 85.3% See Exhibit E for additional segment information and Exhibit J for supplemental information related to Inigo’s financial results for the month ended January 31, 2026, prior to the acquisition. CAPITAL AND LIQUIDITY UPDATE

Radian Group

In January 2026, Radian Group drew $200 million on its unsecured revolving credit facility. The company repaid $50 million of this borrowing during the first quarter and expects to repay this borrowing in full during 2026. On February 2, 2026, Radian Group completed its strategic acquisition of Inigo Limited (“Inigo”), a Lloyd’s of London (“Lloyd’s”) specialty insurer. Radian funded the acquisition from Radian Group’s available liquidity sources. During the first quarter of 2026, the company repurchased 1.5 million shares of Radian Group common stock at a total cost of $50 million. In addition, in April the company repurchased 1.9 million shares of Radian Group common stock at a total cost of $65 million. The Company has fully utilized the authority under its $900 million share repurchase authorization that was scheduled to expire on June 30, 2026. As a result, future repurchases will be made pursuant to the $750 million authorization approved by Radian Group’s board of directors in May 2025, which is scheduled to expire in December 2027. Following the April share repurchases, purchase authority of up to $748 million remained available under this authorization. Radian Group paid a dividend on its common stock in the amount of $0.255 per share, totaling $35 million, in the first quarter of 2026. Radian Group’s available liquidity was $391 million as of March 31, 2026. In addition, Radian Group maintained $350 million of undrawn capacity under its unsecured revolving credit facility as of March 31, 2026. Radian Guaranty

Radian Guaranty paid an ordinary dividend to Radian Group of $140 million in the first quarter of 2026. Radian Guaranty expects to pay over $600 million in ordinary dividends to Radian Group during 2026, subject to prior approval from the Pennsylvania Insurance Department. At March 31, 2026, Radian Guaranty’s Available Assets under PMIERs totaled $5.4 billion, resulting in PMIERs excess Available Assets of $1.6 billion. STRATEGIC UPDATE

Discontinued Operations

As an update to the divestiture plan previously announced in 2025, during the first quarter of 2026 Radian made the decision to wind down its Mortgage Conduit business following an evaluation of divestment opportunities. The Company is currently engaged in ongoing discussions with prospective buyers for its Title and Real Estate Services businesses, and continues to expect to complete its divestiture plans for these businesses by the end of the third quarter of 2026. During the first quarter of 2026, Radian Group received $46 million in distributions from its businesses held for sale. These distributions reduced the net carrying value of the assets and liabilities held for sale related to these businesses to $61 million as of March 31, 2026, including the impact of estimated costs related to the sales. Additional details regarding discontinued operations may be found in Exhibit D. CONFERENCE CALL

Radian will discuss first quarter 2026 financial results in a conference call tomorrow, Thursday, May 7, 2026, at 11:00 a.m. Eastern time. The conference call will be webcast live on the company’s website at www.radian.com/for-investors/investor-events or at www.radian.com. The webcast is listen-only. Those interested in participating in the question-and-answer session should follow the conference call dial-in instructions below.

The call may be accessed via telephone by registering for the call here to receive the dial-in numbers and unique PIN. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

A digital replay of the webcast will be available on Radian’s website approximately two hours after the live broadcast ends for a period of one year at www.radian.com/for-investors/investor-events.

In addition to the information provided in the company’s earnings news release, other statistical and financial information, which is expected to be referred to during the conference call, will be available on Radian’s website at www.radian.com, under Investors.

NON-GAAP FINANCIAL MEASURES

Radian believes that adjusted pretax operating income (loss), adjusted diluted net operating income (loss) per share and adjusted net operating return on equity, each from continuing operations (non-GAAP measures on a consolidated basis) facilitate evaluation of the company’s fundamental financial performance and provide relevant and meaningful information to investors about the ongoing operating results of the company. These measures are not recognized in accordance with accounting principles generally accepted in the United States of America (GAAP) and should not be considered in isolation or viewed as substitutes for GAAP measures of performance. The measures described below have been established in order to increase transparency for the purpose of evaluating the company’s operating trends and enabling more meaningful comparisons with Radian’s competitors.

Adjusted pretax operating income (loss) is defined as GAAP pretax income (loss) from continuing operations excluding the effects of: (i) net gains (losses) on financial instruments and foreign exchange, (ii) amortization of other acquired intangible assets, (iii) other purchase accounting adjustments, net, and (iv) acquisition-related expenses and other non-operating items, such as impairment of internal-use software and other long-lived assets and gains (losses) on extinguishment of debt, among others. Adjusted diluted net operating income (loss) per share is calculated by dividing adjusted pretax operating income (loss), net of taxes computed using the company’s effective tax rate, by the sum of the weighted average number of common shares outstanding and all dilutive potential common shares outstanding. Adjusted net operating return on equity is calculated by dividing annualized adjusted pretax operating income (loss), net of taxes computed using the company’s effective tax rate, by average stockholders’ equity, based on the average of the beginning and ending balances for each period presented.

See Exhibit F or Radian’s website for a description of these items, as well as Exhibit G for reconciliations to the most comparable GAAP measures.

ABOUT RADIAN

Radian Group Inc. (NYSE: RDN) is a trusted, global multi-line specialty insurer that helps businesses navigate risk with confidence. Built on financial strength and disciplined risk management, Radian brings clarity to complex risk decisions through its proprietary view of risk and a global perspective. Visit www.radian.com to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.

FINANCIAL RESULTS AND SUPPLEMENTAL INFORMATION CONTENTS (Unaudited)

Exhibit A:

Condensed Consolidated Statements of Operations

Exhibit B:

Net Income Per Share

Exhibit C:

Condensed Consolidated Balance Sheets

Exhibit D:

Condensed Consolidated Statements of Operations Detail

Exhibit E:

Segment Information

Exhibit F:

Definition of Consolidated Non-GAAP Financial Measures

Exhibit G:

Non-GAAP Financial Measure Reconciliations

Exhibit H:

Mortgage Supplemental Information - New Insurance Written

Exhibit I:

Mortgage Supplemental Information - Primary Insurance in Force and Risk in Force

Exhibit J:

Supplemental Information - Inigo Adjusted Pretax Operating Income for January 2026 (Pre-Acquisition)

Radian Group Inc. and Subsidiaries

Condensed Consolidated Statements of Operations (1)

Exhibit A

  (In thousands, except per-share amounts)

2026

2025

Qtr 1 (2)

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Revenues

Net premiums earned

$

402,528

$

237,192

$

237,103

$

233,526

$

234,044

Net investment income

69,698

62,683

63,399

61,672

61,010

Net gains (losses) on financial instruments and foreign exchange

(8,879

)

(1,159

)

1,285

1,851

(2,001

)

Other income

2,990

1,796

1,399

1,502

1,782

Total revenues

466,337

300,512

303,186

298,551

294,835

Expenses

Provision for losses

107,933

21,588

17,886

11,954

15,340

Amortization of deferred policy acquisition costs and value of business acquired (“VOBA”)

62,069

4,280

7,166

7,205

6,388

Other operating expenses

98,169

56,417

62,256

69,178

57,908

Interest expense

20,594

17,189

17,184

17,428

16,489

Amortization of other acquired intangible assets

3,909

—

—

—

—

Total expenses

292,674

99,474

104,492

105,765

96,125

Pretax income from continuing operations

173,663

201,038

198,694

192,786

198,710

Income tax provision

44,197

42,236

45,892

38,301

46,620

Net income from continuing operations

129,466

158,802

152,802

154,485

152,090

Income (loss) from discontinued operations, net of tax

(5,373

)

(3,959

)

(11,359

)

(12,689

)

(7,532

)

Net income

$

124,093

$

154,843

$

141,443

$

141,796

$

144,558

Diluted net income per share

Net income from continuing operations

$

0.93

$

1.15

$

1.11

$

1.11

$

1.03

Income (loss) from discontinued operations, net of tax

(0.04

)

(0.03

)

(0.08

)

(0.09

)

(0.05

)

Diluted net income per share

$

0.89

$

1.12

$

1.03

$

1.02

$

0.98

Radian Group Inc. and Subsidiaries

Net Income Per Share

Exhibit B

  The calculation of basic and diluted net income per share is as follows.

  (In thousands, except per-share amounts)

2026

2025

Qtr 1 (1)

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Net income from continuing operations

$

129,466

$

158,802

$

152,802

$

154,485

$

152,090

Income (loss) from discontinued operations, net of tax

(5,373

)

(3,959

)

(11,359

)

(12,689

)

(7,532

)

Net income—basic and diluted

$

124,093

$

154,843

$

141,443

$

141,796

$

144,558

Average common shares outstanding—basic

137,004

137,032

137,003

137,376

145,618

Dilutive effect of share-based compensation arrangements (2)

1,481

1,218

923

984

2,109

Adjusted average common shares outstanding—diluted

138,485

138,250

137,926

138,360

147,727

Net income per share

Basic

Net income from continuing operations

$

0.94

$

1.16

$

1.12

$

1.12

$

1.04

Income (loss) from discontinued operations, net of tax

(0.04

)

(0.03

)

(0.08

)

(0.09

)

(0.05

)

Basic net income per share

$

0.90

$

1.13

$

1.04

$

1.03

$

0.99

Diluted

Net income from continuing operations

$

0.93

$

1.15

$

1.11

$

1.11

$

1.03

Income (loss) from discontinued operations, net of tax

(0.04

)

(0.03

)

(0.08

)

(0.09

)

(0.05

)

Diluted net income per share

$

0.89

$

1.12

$

1.03

$

1.02

$

0.98

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Shares of common stock equivalents

—

—

—

2

24

Radian Group Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

Exhibit C

  (In thousands, except per-share amounts)

Mar 31,
2026

Dec 31,
2025

Sep 30,
2025

Jun 30,
2025

Mar 31,
2025

Assets

Investments

$

7,040,322

$

5,987,318

$

5,852,034

$

5,680,489

$

5,725,077

Cash

55,445

24,829

15,258

19,013

16,026

Restricted cash

32,534

10

11

28

29

Accrued investment income

51,497

40,285

43,031

43,467

41,973

Premiums and other receivables

665,910

120,197

128,765

125,744

121,052

Reinsurance recoverable

356,521

48,806

44,837

41,653

38,188

Deferred policy acquisition costs and VOBA

188,673

19,018

16,711

17,248

17,855

Goodwill and other acquired intangible assets

420,738

—

—

—

—

Prepaid federal income taxes

1,056,329

1,056,329

1,012,629

997,805

921,080

Other assets

504,347

351,337

369,013

411,198

389,255

Assets held for sale

280,060

474,268

722,514

2,267,056

1,517,393

Total assets

$

10,652,376

$

8,122,397

$

8,204,803

$

9,603,701

$

8,787,928

Liabilities and stockholders’ equity

Reserve for losses and loss adjustment expense

$

1,822,619

$

399,946

$

387,650

$

377,231

$

369,090

Unearned premiums

856,058

159,341

166,165

171,901

178,931

Short-term borrowings

494,730

33,320

50,679

88,963

22,400

Long-term borrowings

773,946

1,075,795

1,076,973

1,076,325

1,075,687

Net deferred tax liability

978,540

942,193

910,256

864,421

826,692

Other liabilities

697,989

366,470

410,232

461,335

415,986

Liabilities held for sale

219,233

363,818

550,399

2,070,844

1,312,316

Total liabilities

5,843,115

3,340,883

3,552,354

5,111,020

4,201,102

Common stock

156

157

157

157

162

Treasury stock

(991,427

)

(989,745

)

(989,352

)

(988,764

)

(969,396

)

Additional paid-in capital

842,235

861,211

855,320

847,399

1,048,738

Retained earnings

5,220,411

5,132,050

5,012,742

4,906,830

4,802,038

Accumulated other comprehensive income (loss)

(262,114

)

(222,159

)

(226,418

)

(272,941

)

(294,716

)

Total stockholders’ equity

4,809,261

4,781,514

4,652,449

4,492,681

4,586,826

Total liabilities and stockholders’ equity

$

10,652,376

$

8,122,397

$

8,204,803

$

9,603,701

$

8,787,928

Shares outstanding

134,845

135,498

135,473

135,395

141,220

Book value per share

$

35.67

$

35.29

$

34.34

$

33.18

$

32.48

Holding company debt-to-capital ratio (1)

20.2

%

18.3

%

18.7

%

19.2

%

18.9

%

Radian Group Inc. and Subsidiaries

Condensed Consolidated Statements of Operations Detail

Exhibit D (page 1 of 4)

    Net Premiums Earned

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Mortgage

Direct

$

268,902

$

268,465

$

266,093

$

262,044

$

261,911

Ceded (1)

(30,725

)

(31,273

)

(28,990

)

(28,518

)

(27,867

)

Net premiums earned

238,177

237,192

237,103

233,526

234,044

Specialty (2)

Direct

108,987

N/A

N/A

N/A

N/A

Assumed

94,498

N/A

N/A

N/A

N/A

Ceded

(39,134

)

N/A

N/A

N/A

N/A

Net premiums earned

164,351

N/A

N/A

N/A

N/A

Total

Direct

377,889

268,465

266,093

262,044

261,911

Assumed

94,498

N/A

N/A

N/A

N/A

Ceded

(69,859

)

(31,273

)

(28,990

)

(28,518

)

(27,867

)

Total net premiums earned

$

402,528

$

237,192

$

237,103

$

233,526

$

234,044

Net Investment Income

2026

2025

(In thousands)

Qtr 1 (1)

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Fixed maturities

$

60,370

$

51,655

$

57,614

$

57,354

$

56,649

Equity securities

1,160

1,798

2,446

2,634

2,145

Short-term investments

9,322

10,362

4,503

2,842

3,508

Other (2)

(1,154

)

(1,132

)

(1,164

)

(1,158

)

(1,292

)

Net investment income

$

69,698

$

62,683

$

63,399

$

61,672

$

61,010

Radian Group Inc. and Subsidiaries

Condensed Consolidated Statements of Operations Detail

Exhibit D (page 2 of 4)

    Provision for Losses

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Mortgage

Current period (1)

$

59,839

$

57,047

$

52,963

$

47,912

$

53,740

Prior period (2)

(35,563

)

(35,459

)

(35,077

)

(35,958

)

(38,400

)

Provision for losses - Mortgage

24,276

21,588

17,886

11,954

15,340

Specialty (3)

Current period (4)

98,846

N/A

N/A

N/A

N/A

Prior period (5)

(12,578

)

N/A

N/A

N/A

N/A

Provision for losses - Specialty

86,268

N/A

N/A

N/A

N/A

VOBA - reserves amortization (6)

(2,611

)

N/A

N/A

N/A

N/A

Total provision for losses

$

107,933

$

21,588

$

17,886

$

11,954

$

15,340

(1)

Related to defaulted loans with the most recent default notice dated in the period indicated. For example, if a loan had defaulted in a prior period, but then subsequently cured and later re-defaulted in the current period, the default would be considered a current period default.

(2)

Related to defaulted loans with a default notice dated in a period earlier than the period indicated, which have been continuously in default since that time.

(3)

Includes Inigo results from the date of acquisition, February 2, 2026.

(4)

Related to provision for losses and loss adjustment expenses for insured events occurring during the current accident period, including estimates for both reported claims and incurred but not reported claims.

(5)

Related to changes in estimates of losses and loss adjustment expenses related to prior accident years.

(6)

Represents positive amortization of the VOBA intangible asset attributable to reserves for the period since the date of acquisition, February 2, 2026.

Radian Group Inc. and Subsidiaries

Condensed Consolidated Statements of Operations Detail

Exhibit D (page 3 of 4)

    Amortization of deferred policy acquisition costs and VOBA

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Amortization of deferred policy acquisition costs

Mortgage

$

6,899

$

4,280

$

7,166

$

7,205

$

6,388

Specialty (1)

29,065

N/A

N/A

N/A

N/A

Purchase accounting adjustments (1)

(30,001

)

N/A

N/A

N/A

N/A

Amortization of deferred policy acquisition costs

5,963

4,280

7,166

7,205

6,388

Amortization of VOBA (1)

56,106

N/A

N/A

N/A

N/A

Amortization of deferred policy acquisition costs and VOBA

$

62,069

$

4,280

$

7,166

$

7,205

$

6,388

Other Operating Expenses

2026

2025

(In thousands)

Qtr 1 (1)

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Salaries and other base employee expenses

$

32,972

$

25,086

$

24,259

$

26,932

$

26,139

Variable and share-based incentive compensation

13,051

16,768

16,115

27,335

15,265

Other general operating expenses (2)

60,366

22,589

29,438

21,986

23,227

Ceding commissions

(8,220

)

(8,026

)

(7,556

)

(7,075

)

(6,723

)

Total

$

98,169

$

56,417

$

62,256

$

69,178

$

57,908

Interest Expense

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Senior notes

$

15,839

$

15,829

$

15,819

$

15,810

$

15,800

Letter of credit fees (1)

2,290

—

—

—

—

Revolving credit facility

1,996

389

258

741

264

FHLB advances

469

458

1,107

877

425

Loss on extinguishment of debt

—

513

—

—

—

Total interest expense

$

20,594

$

17,189

$

17,184

$

17,428

$

16,489

Radian Group Inc. and Subsidiaries

Condensed Consolidated Statements of Operations Detail

Exhibit D (page 4 of 4)

    Discontinued Operations

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Revenues

Net premiums earned

$

5,037

$

5,248

$

4,624

$

3,995

$

2,634

Services revenue

13,656

13,640

12,352

10,882

11,943

Net investment income

5,091

7,089

10,744

11,097

7,564

Net gains (losses) on financial instruments and foreign exchange

1,409

(576

)

2,191

(6,703

)

1,278

Income (loss) on consolidated VIEs

—

—

(2,129

)

185

428

Other income

1,685

(176

)

(332

)

(3

)

(568

)

Total revenues

26,878

25,225

27,450

19,453

23,279

Expenses

Provision for losses

209

311

129

143

(173

)

Cost of services

10,152

9,735

8,729

8,412

8,673

Other operating expenses

20,155

16,136

23,732

20,225

19,039

Interest expense

3,613

4,802

8,105

8,446

6,010

Total expenses

34,129

30,984

40,695

37,226

33,549

Pretax income (loss) from discontinued operations

(7,251

)

(5,759

)

(13,245

)

(17,773

)

(10,270

)

Income tax provision (benefit)

(1,878

)

(1,800

)

(1,886

)

(5,084

)

(2,738

)

Income (loss) from discontinued operations, net of tax

$

(5,373

)

$

(3,959

)

$

(11,359

)

$

(12,689

)

$

(7,532

)

Subsequent to the acquisition of Inigo in the first quarter of 2026, our Chief Executive Officer (Radian’s chief operating decision maker) implemented certain changes that caused the composition of our reportable segments and the allocations of certain expenses for segment measurements to change. We have reflected these changes in our segment operating results for all periods presented, as shown below.

Effective with the first quarter of 2026, we have two reportable business segments that are managed separately, Mortgage and Specialty. In addition to these reportable segments, effective with the first quarter of 2026, we report in a Corporate category activities that include: (i) income (losses) from assets held by Radian Group; (ii) interest expense from Radian Group’s borrowings, including the Intercompany Note with Radian Guaranty; and (iii) general corporate operating expenses not attributable or allocated to our reportable segments, related primarily to corporate oversight activities.

The results of our Mortgage Conduit, Title and Real Estate Services businesses are reflected in income (loss) from discontinued operations, net of tax, in our condensed consolidated statements of operations for all periods presented. See Exhibit D for details on our discontinued operations.

Summarized financial information concerning our reportable segments, Mortgage and Specialty, and our Corporate activities for the periods indicated is as follows. For a definition of adjusted pretax operating income, along with a reconciliation to its most comparable GAAP measure, see Exhibits F and G.

Three Months Ended March 31, 2026

(In thousands)

Mortgage

Specialty (1)

Corporate

Inter-
segment (2)

Total

Net premiums written

$

233,265

$

148,483

$

—

$

—

$

381,748

(Increase) decrease in unearned premiums

4,912

15,868

—

—

20,780

Net premiums earned

238,177

164,351

—

—

402,528

Net investment income (2)

53,327

16,899

9,222

(9,750

)

69,698

Other income

1,663

1,327

—

—

2,990

Total

293,167

182,577

9,222

(9,750

)

475,216

Provision for losses

24,276

86,268

—

—

110,544

Amortization of deferred policy acquisition costs

6,899

29,065

—

—

35,964

Other operating expenses

40,723

24,885

10,699

—

76,307

Interest expense (2)

470

2,290

27,584

(9,750

)

20,594

Total

72,368

142,508

38,283

(9,750

)

243,409

Adjusted pretax operating income (loss)

$

220,799

$

40,069

$

(29,061

)

$

—

$

231,807

Three Months Ended March 31, 2025

(In thousands)

Mortgage

Specialty

Corporate

Inter-
segment

Total

Net premiums written

$

230,250

N/A

$

—

$

—

$

230,250

(Increase) decrease in unearned premiums

3,794

N/A

—

—

3,794

Net premiums earned

234,044

N/A

—

—

234,044

Net investment income

48,451

N/A

12,559

—

61,010

Other income

1,782

N/A

—

—

1,782

Total

284,277

N/A

12,559

—

296,836

Provision for losses

15,340

N/A

—

—

15,340

Amortization of deferred policy acquisition costs

6,388

N/A

—

—

6,388

Other operating expenses

43,203

N/A

14,321

—

57,524

Interest expense

425

N/A

16,064

—

16,489

Total

65,356

N/A

30,385

—

95,741

Adjusted pretax operating income (loss)

$

218,921

N/A

$

(17,826

)

$

—

$

201,095

Radian Group Inc. and Subsidiaries Segment Information

Exhibit E (page 2 of 3)

    Mortgage

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Net premiums written

$

233,265

$

234,431

$

235,733

$

231,596

$

230,250

(Increase) decrease in unearned premiums

4,912

2,761

1,370

1,930

3,794

Net premiums earned

238,177

237,192

237,103

233,526

234,044

Net investment income (1)

53,327

50,140

51,965

53,289

48,451

Other income

1,663

1,796

1,399

1,502

1,782

Total

293,167

289,128

290,467

288,317

284,277

Provision for losses

24,276

21,588

17,886

11,954

15,340

Amortization of deferred policy acquisition costs

6,899

4,280

7,166

7,205

6,388

Other operating expenses

40,723

40,808

39,159

51,881

43,203

Interest expense

470

458

1,107

877

425

Total

72,368

67,134

65,318

71,917

65,356

Adjusted pretax operating income

$

220,799

$

221,994

$

225,149

$

216,400

$

218,921

Corporate

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Net investment income

$

9,222

$

12,760

$

11,434

$

8,383

$

12,559

Total

9,222

12,760

11,434

8,383

12,559

Other operating expenses

10,699

14,754

14,414

17,297

14,321

Interest expense (1)

27,584

16,435

16,077

16,551

16,064

Total

38,283

31,189

30,491

33,848

30,385

Adjusted pretax operating income (loss)

$

(29,061

)

$

(18,429

)

$

(19,057

)

$

(25,465

)

$

(17,826

)

Radian Group Inc. and Subsidiaries

Segment Information

Exhibit E (page 3 of 3)

    Selected Key Segment Ratios

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Mortgage

Loss ratio (1)

10.2

%

9.1

%

7.5

%

5.1

%

6.6

%

Expense ratio (2)

20.0

%

19.0

%

19.5

%

25.3

%

21.2

%

Combined ratio (3)

30.2

%

28.1

%

27.0

%

30.4

%

27.8

%

Specialty (4)

Loss ratio (1)

52.5

%

N/A

N/A

N/A

N/A

Expense ratio (2)

32.8

%

N/A

N/A

N/A

N/A

Combined ratio (3)

85.3

%

N/A

N/A

N/A

N/A

(1)

Calculated as each segment’s provision for losses expressed as a percentage of net premiums earned.

(2)

Calculated as each segment’s operating expenses (which consist of amortization of deferred policy acquisition costs and other operating expenses) expressed as a percentage of net premiums earned.

(3)

Calculated as the sum of each segment’s Loss ratio and Expense ratio.

(4)

Includes Inigo results from the date of acquisition, February 2, 2026.

Use of Non-GAAP Financial Measures

In addition to the traditional GAAP financial measures, we have presented “adjusted pretax operating income (loss),” “adjusted diluted net operating income (loss) per share” and “adjusted net operating return on equity,” which are non-GAAP financial measures for the consolidated company on a continuing operations basis, among our key performance indicators to evaluate our fundamental financial performance. These non-GAAP financial measures align with the way our business performance is evaluated by both management and by our board of directors. These measures have been established in order to increase transparency for the purposes of evaluating our operating trends and enabling more meaningful comparisons with our peers. Although on a consolidated basis adjusted pretax operating income (loss), adjusted diluted net operating income (loss) per share and adjusted net operating return on equity are non-GAAP financial measures, we believe these measures aid in understanding the underlying performance of our operations. Our senior management, including our Chief Executive Officer (Radian’s chief operating decision maker), uses adjusted pretax operating income (loss) as our primary measure to evaluate the fundamental financial performance of our businesses and to allocate resources to them.

The results of our Mortgage Conduit, Title and Real Estate Services businesses are included in income (loss) from discontinued operations, net of tax, for all periods presented herein. The calculation of adjusted pretax operating income, as detailed below, excludes income (loss) from discontinued operations, net of tax, for all periods presented herein. As a result, the calculations of adjusted diluted net operating income per share and adjusted net operating return on equity also exclude income (loss) from discontinued operations, net of tax, for all periods presented herein.

Adjusted pretax operating income (loss) is defined as GAAP pretax income (loss) from continuing operations excluding the effects of: (i) net gains (losses) on financial instruments and foreign exchange, (ii) amortization of other acquired intangible assets, (iii) other purchase accounting adjustments, net, and (iv) acquisition-related expenses and other non-operating items, such as impairment of internal-use software and other long-lived assets and gains (losses) on extinguishment of debt, among others. Adjusted diluted net operating income (loss) per share is calculated by dividing adjusted pretax operating income (loss), net of taxes computed using the company’s effective tax rate, by the sum of the weighted average number of common shares outstanding and all dilutive potential common shares outstanding. Adjusted net operating return on equity is calculated by dividing annualized adjusted pretax operating income (loss), net of taxes computed using the company’s effective tax rate, by average stockholders’ equity, based on the average of the beginning and ending balances for each period presented.

Although adjusted pretax operating income (loss) excludes certain items that have occurred in the past and are expected to occur in the future, the excluded items represent those that are: (i) not viewed as part of the operating performance of our primary activities or (ii) not expected to result in an economic impact equal to the amount reflected in pretax income (loss) from continuing operations. These adjustments, along with the reasons for their treatment, are described below.

(1)

Net gains (losses) on financial instruments and foreign exchange. The recognition of realized gains or losses on financial instruments and foreign currency exchange gains or losses can vary significantly across periods as such amounts are influenced by discretionary actions, including the timing of individual securities transactions, as well as by market conditions, our tax and capital profile, foreign currency movements, and overall market cycles. Unrealized gains and losses arise primarily from changes in the market value of our investments that are classified as trading or equity securities and from changes in foreign exchange rates affecting monetary assets and liabilities. These valuation adjustments may not necessarily result in realized economic gains or losses.

Trends in the profitability of our fundamental operating activities can be more clearly identified without the fluctuations of these realized and unrealized gains or losses, foreign currency exchange impacts, and changes in fair value of financial instruments.

(2)

Amortization of other acquired intangible assets. Amortization of other acquired intangible assets represents the periodic expense required to amortize the cost of acquired intangible assets over their estimated useful lives. Acquired intangible assets are also periodically reviewed for potential impairment, and impairment adjustments are made whenever appropriate. We do not view these charges as part of the operating performance of our primary activities.

  Radian Group Inc. and Subsidiaries

Definition of Non-GAAP Financial Measures

Exhibit F (page 2 of 2)

(3)

Other purchase accounting adjustments, net. Other purchase accounting adjustments include amortization related to VOBA and other impacts resulting from purchase accounting, such as the reversal of amortization related to Inigo’s historical deferred acquisition costs and capitalized software as of the acquisition date. These non-cash amounts arise from acquisition-related accounting requirements and do not necessarily reflect the underlying operating performance of the acquired business.

  (4)

Acquisition-related expenses and other non-operating items. Acquisition-related expenses and other non-operating items includes activities that we do not view to be indicative of our fundamental operating activities, such as: (i) acquisition-related income and expenses, (ii) impairment of internal-use software and other long-lived assets; and (iii) gains (losses) on extinguishment of debt.

See Exhibit G for the reconciliations of the most comparable GAAP measures, pretax income (loss) from continuing operations, diluted net income (loss) from continuing operations per share and return on equity from continuing operations to our non-GAAP financial measures for the consolidated company, adjusted pretax operating income (loss), adjusted diluted net operating income (loss) per share and adjusted net operating return on equity, respectively.

Total adjusted pretax operating income (loss), adjusted diluted net operating income (loss) per share and adjusted net operating return on equity are not measures of overall profitability, and therefore, should not be considered in isolation or viewed as substitutes for GAAP pretax income (loss) from continuing operations, diluted net income (loss) from continuing operations per share or return on equity from continuing operations. Our definitions of adjusted pretax operating income (loss), adjusted diluted net operating income (loss) per share and adjusted net operating return on equity may not be comparable to similarly-named measures reported by other companies.

Radian Group Inc. and Subsidiaries

Non-GAAP Financial Measure Reconciliations

Exhibit G (page 1 of 2)

    Reconciliation of Pretax Income from Continuing Operations to Adjusted Pretax Operating Income

2026

2025

(In thousands)

Qtr 1 (1)

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Pretax income from continuing operations

$

173,663

$

201,038

$

198,694

$

192,786

$

198,710

Less reconciling income (expense) items

Net gains (losses) on financial instruments and foreign exchange

(8,879

)

(1,159

)

1,285

1,850

(2,001

)

Amortization of other acquired intangible assets

(3,909

)

—

—

—

—

Other purchase accounting adjustments, net

(23,330

)

(2)

—

—

—

—

Acquisition-related expenses and other non-operating items (3)

(22,026

)

(1,368

)

(8,683

)

—

(384

)

Total adjusted pretax operating income (4)

$

231,807

$

203,565

$

206,092

$

190,936

$

201,095

(1)

Includes Inigo results from the date of acquisition, February 2, 2026.

(2)

Primarily includes $53 million of net VOBA asset and liability amortization, offset by $30 million reversal of policy acquisition costs that are reflected in the Specialty segment results but eliminated under purchase accounting on a consolidated basis.

(3)

Acquisition-related expenses and other non-operating items for the first quarter of 2026 relates primarily to acquisition-related expenses for investment banking fees, transfer taxes, legal costs and other transaction expenses, which are included in other operating expenses on the Condensed Consolidated Statement of Operations in Exhibit A.

(4)

Total adjusted pretax operating income consists of adjusted pretax operating income (loss) for our reportable segments and Corporate activities as follows:

2026

2025

(In thousands)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Adjusted pretax operating income (loss)

Mortgage segment

$

220,799

$

221,994

$

225,149

$

216,400

$

218,921

Specialty segment (a)

40,069

N/A

N/A

N/A

N/A

Corporate activities

(29,061

)

(18,429

)

(19,057

)

(25,465

)

(17,826

)

Total adjusted pretax operating income

$

231,807

$

203,565

$

206,092

$

190,935

$

201,095

Reconciliation of Diluted Net Income from Continuing Operations Per Share
to Adjusted Diluted Net Operating Income Per Share

2026

2025

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Diluted net income from continuing operations per share

$

0.93

$

1.15

$

1.11

$

1.11

$

1.03

Less per-share impact of reconciling income (expense) items

Net gains (losses) on financial instruments and foreign exchange

(0.06

)

(0.01

)

0.01

0.01

(0.02

)

Amortization of other acquired intangible assets

(0.03

)

—

—

—

—

Other purchase accounting adjustments, net

(0.17

)

—

—

—

—

Acquisition-related expenses and other non-operating items

(0.16

)

(0.01

)

(0.06

)

—

—

Income tax (provision) benefit on reconciling income (expense) items (1)

0.08

0.01

0.01

(0.01

)

0.01

Per-share impact of reconciling income (expense) items

(0.34

)

(0.01

)

(0.04

)

—

(0.01

)

Adjusted diluted net operating income per share

$

1.27

$

1.16

$

1.15

$

1.11

$

1.04

Radian Group Inc. and Subsidiaries

Non-GAAP Financial Measure Reconciliations

Exhibit G (page 2 of 2)

  Reconciliation of Return on Equity from Continuing Operations to Adjusted Net Operating Return on Equity (1)

2026

2025

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Return on equity from continuing operations (1)

10.8

%

13.5

%

13.4

%

13.6

%

13.2

%

Less impact of reconciling income (expense) items (2)

Net gains (losses) on financial instruments and foreign exchange

(0.7

)%

(0.1

)%

0.1

%

0.1

%

(0.3

)%

Amortization of other acquired intangible assets

(0.3

)%

—

%

—

%

—

%

—

%

Other purchase accounting adjustments, net

(2.0

)%

—

%

—

%

—

%

—

%

Acquisition-related expenses and other non-operating items

(1.8

)%

(0.1

)%

(0.7

)%

—

%

—

%

Income tax (provision) benefit on reconciling income (expense) items (3)

0.9

%

0.1

%

0.1

%

—

%

0.1

%

Impact of reconciling income (expense) items

(3.9

)%

(0.1

)%

(0.5

)%

0.1

%

(0.2

)%

Adjusted net operating return on equity

14.7

%

13.6

%

13.9

%

13.5

%

13.4

%

(1)

Calculated by dividing annualized net income from continuing operations by average stockholders’ equity, based on the average of the beginning and ending balances for each period presented.

(2)

Annualized, as a percentage of average stockholders’ equity.

(3)

Calculated using the company’s statutory tax rates of 21% for U.S. based adjustments and 25% for U.K. based adjustments.

See Exhibit F for additional information on our non-GAAP financial measures.

Radian Group Inc. and Subsidiaries

Mortgage Supplemental Information - New Insurance Written

Exhibit H

  2026

2025

($ in millions)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

NIW

$

13,490

$

15,850

$

15,497

$

14,330

$

9,489

NIW by premium type

Direct monthly and other recurring premiums

97.7

%

97.2

%

96.4

%

96.4

%

96.4

%

Direct single premiums

2.3

%

2.8

%

3.6

%

3.6

%

3.6

%

NIW for purchases

78.6

%

85.2

%

94.8

%

94.6

%

95.6

%

NIW for refinances

21.4

%

14.8

%

5.2

%

5.4

%

4.4

%

NIW by FICO score (1)

>=740

66.7

%

65.5

%

63.5

%

68.2

%

68.1

%

680-739

28.4

%

29.7

%

31.8

%

27.0

%

27.0

%

620-679

4.6

%

4.8

%

4.7

%

4.8

%

4.9

%

<=619

0.3

%

0.0

%

0.0

%

0.0

%

0.0

%

Total NIW

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

NIW by LTV (1)

95.01% and above

17.2

%

17.3

%

16.3

%

16.7

%

15.6

%

90.01% to 95.00%

44.1

%

44.0

%

46.5

%

44.0

%

41.5

%

85.01% to 90.00%

29.9

%

29.9

%

29.2

%

30.1

%

32.3

%

85.00% and below

8.8

%

8.8

%

8.0

%

9.2

%

10.6

%

Total NIW

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

    (1) At origination. Radian Group Inc. and Subsidiaries

Mortgage Supplemental Information - Primary Insurance in Force and Risk in Force

Exhibit I

  2026

2025

($ in millions)

Qtr 1

Qtr 4

Qtr 3

Qtr 2

Qtr 1

Primary IIF

$

281,718

$

282,519

$

280,559

$

276,745

$

274,159

Primary RIF (1)

$

74,651

$

74,704

$

74,039

$

72,820

$

71,958

Primary RIF by premium type

Direct monthly and other recurring premiums

91.2

%

91.0

%

90.7

%

90.3

%

90.1

%

Direct single premiums

8.8

%

9.0

%

9.3

%

9.7

%

9.9

%

Primary RIF by FICO score (2)

>=740

60.7

%

60.7

%

60.7

%

60.6

%

60.3

%

680-739

32.4

%

32.4

%

32.3

%

32.2

%

32.4

%

620-679

6.7

%

6.7

%

6.8

%

6.9

%

7.0

%

<=619

0.2

%

0.2

%

0.2

%

0.3

%

0.3

%

Total RIF

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

Primary RIF by LTV (2)

95.01% and above

21.0

%

20.7

%

20.4

%

20.2

%

20.0

%

90.01% to 95.00%

48.9

%

48.6

%

48.3

%

48.0

%

47.9

%

85.01% to 90.00%

26.0

%

26.4

%

26.8

%

27.1

%

27.3

%

85.00% and below

4.1

%

4.3

%

4.5

%

4.7

%

4.8

%

Total RIF

100.0

%

100.0

%

100.0

%

100.0

%

100.0

%

Persistency Rate (12 months ended)

82.4

%

83.6

%

83.8

%

83.8

%

83.7

%

Persistency Rate (quarterly, annualized) (3)

81.3

%

81.6

%

84.2

%

83.8

%

85.7

%

The following table presents Inigo’s unaudited results of operations for the one month period ended January 31, 2026, prior to the acquisition date. The amounts are presented on a basis consistent with how the Company now reports results for its Specialty segment.

One Month Ended
January 31, 2026

(In thousands)

Specialty

Net premiums written (1)

$

129,405

(Increase) decrease in unearned premiums

(34,213

)

Net premiums earned

95,192

Net investment income

8,100

Other income

433

Total

103,725

Provision for losses

55,232

Amortization of deferred policy acquisition costs

20,131

Other operating expenses

13,579

Interest expense

1,203

Total

90,145

Adjusted pretax operating income

$

13,580

FORWARD-LOOKING STATEMENTS

All statements in this press release that address events, developments or results that we expect or anticipate may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as “anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “pursue,” “contemplate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,” “future,” “likely” or the negative or other variations on these words and other similar expressions. These statements, which may include, without limitation, projections regarding our future performance and financial condition and statements regarding our plans to divest or otherwise exit our Mortgage Conduit, Title and Real Estate Services businesses, are made on the basis of management’s current views and assumptions with respect to future events. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment where new risks emerge from time to time, and it is not possible for us to predict all risks that may affect us. The forward-looking statements are not guarantees of future performance, and the forward-looking statements, as well as our prospects as a whole, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks and uncertainties include, without limitation:

general economic and market conditions, including: changes resulting from inflationary pressures, the interest rate environment and the risk of recession and higher unemployment rates; other macroeconomic stresses and uncertainties; political and geopolitical events, instability and conflict, including the current hostilities in Iran and the surrounding geographies; supply chain disruptions; civil disturbances; endemics/pandemics; and extreme weather events and other natural disasters that may adversely affect economic conditions and the markets in which we do business; the health of the U.S. housing market generally and changes in economic conditions that impact the size of the insurable mortgage market and the credit performance of our insured mortgage portfolio, as well as our business prospects; our ability to successfully implement our business strategy through varying market and economic cycles, including the softening specialty insurance premium rate environment our Specialty segment is currently experiencing in certain insurance and reinsurance lines; changes in the way customers, investors, ratings agencies, regulators or legislators perceive our performance, financial strength and future prospects; Radian Guaranty’s ability to remain an approved insurer to the Government-Sponsored Enterprises (Fannie Mae and Freddie Mac) (“GSEs”), including the ability to comply with the PMIERs; our ability to maintain an adequate level of capital in our subsidiaries, including for our insurance subsidiaries, to satisfy current and future requirements of regulators, the GSEs and Lloyd’s; changes in the charters or business practices of, or rules or regulations imposed by or applicable to: (i) in the case of our Mortgage segment, the GSEs or loans purchased by the GSEs and (ii) in the case of our Specialty segment, Lloyd’s; changes in the current housing finance system in the United States, including the roles and areas of primary focus of the Federal Housing Administration (“FHA”), the U.S. Department of Veterans Affairs (“VA”), the GSEs and private mortgage insurers in this system; our ability to successfully execute and implement our capital plans, including loss limitation and risk distribution strategies through the capital markets, traditional reinsurance markets or other strategies, and to maintain sufficient holding company liquidity to meet our ongoing liquidity needs; our ability to successfully execute and implement our business plans and strategies, including plans and strategies that may require GSE, Lloyd’s and/or regulatory approvals and licenses that are subject to complex compliance requirements that we may be unable to satisfy, or that may expose us to new risks, including those that could impact our capital and liquidity positions; risks associated with the Inigo acquisition, including: risks related to diverting the attention of management from ongoing business operations; the possibility that the anticipated benefits and impacts of the acquisition are not realized when expected, or at all; risks related to the volatility and uncertainty of expected future performance and results in our Specialty segment; and risks associated with Radian’s ability to successfully execute on its strategic evolution to become a global multi-line specialty insurer, such as risks associated with entering new markets and lines of business and our ability to manage international operations; risks associated with our plans to divest or otherwise exit our Mortgage Conduit, Title and Real Estate Services businesses, including the potential inability to complete any or all of the divestiture transactions, on the anticipated timeline or at all; risks related to the quality of third-party mortgage underwriting and mortgage loan servicing, including the timeliness and accuracy of servicer reporting; a decrease in the Persistency Rate of our mortgage insurance on Monthly Premium Policies; competition, including increased competition, on the basis of pricing, capacity (including, with respect to our Specialty segment, alternative sources of capital from both traditional markets and alternative capital, including catastrophe bonds), coverage terms, or other factors and, specifically with respect to our Mortgage segment, competition from current and potential new mortgage insurers, the FHA and the VA and from other forms of credit enhancement, such as any potential GSE-sponsored alternatives to traditional mortgage insurance; government actions and the adoption of (or failure to adopt) new laws, regulations and executive orders, changes in existing laws, regulations and executive orders, or the way they are interpreted or applied, and adoption of laws, regulations or executive orders that conflict among jurisdictions in which we operate; legal and regulatory claims, assertions, actions, reviews, audits, inquiries or investigations that could result in adverse judgments, settlements, fines, injunctions, restitutions or other relief that could require significant expenditures, new or increased reserves or have other effects on our business; the possibility that we may fail to estimate accurately, especially in the event of an extended economic downturn or a period of extreme market volatility and economic uncertainty, the likelihood, magnitude and timing of losses in establishing loss reserves; claims for natural catastrophic events or severe economic events in our Specialty segment that could cause large losses and substantial volatility in our results of operations; the possibility that for our Mortgage segment we may fail to accurately calculate or project our Available Assets and Minimum Required Assets under the PMIERs, which could be impacted by, among other things, the size and mix of our IIF, changes to the PMIERs, the level of defaults in our portfolio, the reported status of defaults in our portfolio (including whether they are subject to mortgage forbearance, a repayment plan or a loan modification trial period), the level of cash flow generated by our insurance operations and our risk distribution strategies; risks associated with investments to diversify and grow our business, including our acquisition of Inigo, or the pursuit of new lines of business or development of new products and services, and additional financial risks related to these investments, including required changes in our investment, financing and hedging strategies, and risks associated with our use of financial leverage, which could expose us to liquidity risks resulting from changes in the fair values of assets; the effectiveness and security of our information technology systems and digital products and services, including the risk that these systems, products or services fail to operate as expected or planned or expose us to cybersecurity or third-party risks, including due to the increase in the number and sophistication of attempted cyber-attacks or cyber-intrusions such as malware, unauthorized access, ransomware and, more recently, the ability of cyber threat actors (including the AI itself acting autonomously) to use AI tools to find and exploit vulnerabilities; the amount of dividends, if any, that our insurance subsidiaries may distribute to us, which under applicable regulatory requirements is based primarily on the financial performance of our insurance subsidiaries, and therefore, may be impacted by general economic, competitive and other factors, many of which are beyond our control and, in the case of Radian Guaranty, will require prior approval from the Pennsylvania Insurance Department for a period of at least three years and possibly up to five years in connection with the funding for the Inigo acquisition; the ability of our U.S. principal operating subsidiaries to distribute amounts to us under our internal tax- and expense-sharing arrangements, which for our U.S. insurance subsidiaries are subject to regulatory review and could be terminated at the discretion of such regulators; volatility in our financial results caused by changes in the fair value of our assets carried at fair value; changes in U.S. GAAP or SAP rules and guidance, or their interpretation; the amount and timing of potential payments or adjustments associated with tax examinations; and our ability to attract, develop and retain key employees. For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and to subsequent reports and registration statements filed from time to time with the U.S. Securities and Exchange Commission. We caution you not to place undue reliance on these forward-looking statements, which are current only as of the date on which we issued this press release. We do not intend to, and we disclaim any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason.

More News From Radian Group Inc.

Key Takeaways RDN Q1 EPS climbed 28% and topped estimates on stronger premiums and investment income.Radian Group's new insurance written rose 42% to $13.5B, while insurance in force grew 3%.RDN repurchased $50M in shares and paid $35M in dividends during the first quarter.
Radian Group Inc. (RDN - Free Report) reported first-quarter 2026 adjusted operating income of $1.27 per share, which beat the Zacks Consensus Estimate by 8.5%. The bottom line improved 28.3% year over year.

Operating revenues increased 55.2% year over year to $475 million, driven by higher premiums earned and net investment income. The top line surpassed the Zacks Consensus Estimate by 57.2%.

The better-than-expected quarterly results benefited from higher premiums earned, solid investment income, growth in new insurance written and higher mortgage insurance in force. However, elevated expenses and higher primary loan defaults remained headwinds.

Q1 in DetailNet premiums earned were $403 million, up 72.2% year over year. Net investment income rose 14.8% year over year to $70 million, supported by higher short-term investment balances and maturities, partially offset by securities.

MI's new insurance written increased 42% year over year to $13.5 billion.

Primary mortgage insurance in force rose 3% year over year to $282 billion, which beat the Zacks Consensus Estimate by 1.2%.

Persistency — the percentage of mortgage insurance remaining in force after 12 months — was 81.3% as of March 31, 2025, down 110 basis points year over year.

Primary delinquent loans represented 2.51% of primary loans in default as of March 31, 2026, compared with 2.33% in the prior-year quarter.

Total expenses soared 204.5% year over year to $292.7 million. The expense ratio improved 120 basis points year over year to 20%, reflecting enhanced operating leverage.

RDN’s Financial UpdateAs of March 31, 2026, Radian reported cash of $55.4 million, surged 123.3% from the 2025-end level.

Total assets increased 31.2% to $10.7 billion from the 2025-end level.

Book value per share rose 10% year over year to $35.67. Shareholders’ equity increased 0.6% to $4.8 billion from the 2025-end level.

Adjusted net operating return on equity was 14.7%, up 130 basis points year over year.

As of March 31, 2026, Radian Guaranty’s available assets under PMIERs totaled $5.4 billion, resulting in excess available assets of $1.6 billion.

RDN’s Capital Deployment & Dividend UpdateDuring the first quarter of 2026, the company repurchased 1.5 million shares of common stock for $50 million.

In the first quarter, Radian paid a quarterly dividend of 25.5 cents per share, totaling approximately $35 million.

Zacks RankRDN currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other InsurersArch Capital Group Ltd. ACGL reported first-quarter 2026 operating income of $2.50 per share, which beat the Zacks Consensus Estimate by 2.4%. The bottom line increased 15.4% year over year.

Operating revenues of $4.4 billion decreased 3.8% year over year, primarily due to lower net premiums earned. Revenues missed the Zacks Consensus Estimate by 6.1%. Gross premiums written decreased 0.6% year over year to $6.4 billion.

American International Group, Inc. (AIG - Free Report) reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90. The bottom line rose 80.3% year over year.

Adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. Net premiums written totaled $5.6 billion, reflecting 24% year-over-year growth, driven by 21% growth in Global Commercial and 11% growth in Global Personal.

MGIC Investment Corporation (MTG - Free Report)   reported first-quarter 2026 operating net income per share of 76 cents, which beat the Zacks Consensus Estimate by 4.1%. The bottom line also improved 1.3% year over year.

Total operating revenues declined 3% year over year to $297 million, attributable to lower net premiums earned and other revenues. The top line missed the Zacks Consensus Estimate by 1.4%. Net premiums earned declined 3.4% year over year to $235.4 million, surpassing our estimate of $234.3 million.

Key Takeaways RDN expects steady premium yields, aided by industry pricing and low-rate loans in force. Radian Group sees EPS growth and higher ROE after completing the Inigo acquisition in 2026.RDN plans to divest non-core units to focus on a global multi-line specialty insurance business. Shares of Radian Group Inc. (RDN - Free Report) have gained 10.4% in the past year against the industry’s decline of 8.5%. With a capitalization of $4.99 billion, the average number of shares traded in the last three months was 1.4 million.

Image Source: Zacks Investment Research

RDN has underperformed a multiline insurer like CNO Financial Group, Inc. (CNO - Free Report) , which has gained 18.3% in the past year, but outperformed others like MetLife, Inc. (MET - Free Report) and Prudential Financial, Inc. (PRU - Free Report) , which have lost 3.3% and 5.8%, respectively.

RDN Shares Are AffordableRDN shares are trading at a price-to-book value of 1.05X, lower than the industry average of 2.57X, the Finance sector’s 4.39X, and the Zacks S&P 500 composite’s 7.1X. Its pricing, at a discount to the industry average, gives a better entry point for investors.

Image Source: Zacks Investment Research

Encouraging Projections for RDNThe Zacks Consensus Estimate for Radian Group’s 2026 revenues is pegged at $1.22 billion, implying a year-over-year improvement of 0.02%. The estimate for 2026 earnings per share (EPS) indicates a year-over-year increase of 17.5%.

The consensus estimate for 2027 EPS and revenues indicates an increase of 3.2% and 2.7%, respectively, from the corresponding 2026 estimates.

The expected long-term earnings growth is pegged at 7.7%.

Average Target Price for RDN Suggests UpsideBased on short-term price targets offered by five analysts, the Zacks average price target is $42 per share. The average suggests a potential 11.8% upside from the last closing price.

Image Source: Zacks Investment Research

RDN’s Favorable Return on CapitalReturn on invested capital in the trailing 12 months was 7%, better than the industry average of 2.1%, reflecting RDN’s efficiency in utilizing funds to generate income.

Key Points to Note for RDNRadian Group’s mortgage insurance portfolio is expected to create a strong foundation for future earnings, supported by its proprietary analytics capabilities and RADAR Rates platform. However, persistence rates witnessed a modest decline due to higher refinancing activity.

Management expects in-force premium yields to remain steady, supported by favorable industry pricing conditions and a large share of low-interest-rate loans in force. In addition, RDN has been witnessing a declining pattern of claim filings. We expect paid claims to decline further, thus strengthening the balance sheet and improving its financial profile.

Radian Group completed its strategic acquisition of Inigo in February 2026. With this acquisition, Radian Group will expand from a leading U.S. private mortgage insurer into a global, diversified, multi-line specialty insurer, tremendously increasing its product expertise and capabilities while optimising the deployment of the excess capital.

Radian Group projects mid-teens percentage growth in EPS and approximately a 200-basis point increase in return on equity in the first full year after the transaction closes in early 2026. RDN expects the deal to double its total annual revenues, providing flexibility to deploy capital across multiple insurance lines through various business cycles.

Radian Group has also agreed to divest its Mortgage Conduit, Title and Real Estate Services businesses. With this divestiture, the insurer intends to simplify its operations and focus on the new insurance venture, a global multi-line specialty insurance business.

Radian Group maintains a solid balance sheet with sufficient liquidity and strong cash flows. A strong capital position helps Radian Group deploy capital via share repurchases and dividend hikes that enhance shareholders’ value.

ConclusionImproving mortgage insurance portfolio, declining claims, a solid capital position and effective capital deployment should continue to favor mortgage insurers over the long term.

The company’s current dividend yield of 2.7% betters the industry average of 0.7%, making it an attractive pick for yield-seeking investors. Its solid growth projections as well as attractive valuations are other positives. Coupled with impressive dividend history and favorable ROIC, the time appears right for potential investors to bet on this Zacks Rank #2 (Buy) insurer. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Radian Group Inc. (RDN) Shareholder/Analyst Call Prepared Remarks Transcript

WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that Chief Executive Officer Rick Thornberry has informed the Board of Directors of his intent to retire in December 2026, following nearly a decade of leadership that fundamentally transformed the company.

The Board has appointed Mike Weinbach as CEO-Elect, effective June 1, 2026. Weinbach will assume the role of chief executive officer and become a member of the Board on August 13, 2026. Thornberry will serve as a strategic advisor through his retirement on December 31, 2026, supporting a disciplined and thoughtful transition.

A Legacy of Strategic Transformation

Since joining Radian as CEO in 2017, Thornberry has more than tripled book value per share on a total return basis, including dividends, delivering a 13.4% compounded annual growth rate while building the operational and financial foundation that enabled the company's next strategic evolution.

That evolution culminated earlier this year with the $1.7 billion acquisition of Inigo Limited, a highly respected Lloyd's specialty insurer with broad reach across diversified, multi-line specialty insurance lines. The transaction, which closed February 2, 2026, marked Radian's entry into the global specialty insurance market and significantly expanded the company's total addressable market.

“Rick's impact on Radian over the last nine years cannot be overstated,” said Howard Culang, Non-Executive Chairman of the Board. “Under his leadership, Radian evolved from a strong domestic franchise into a diversified, global company with the financial strength, talent, and strategic positioning to compete and win for years to come. The Inigo acquisition represents a defining moment in Radian’s history, and it happened because of Rick’s vision, discipline and entrepreneurial leadership. On behalf of the entire Board, we are deeply grateful for his leadership and the remarkable legacy he leaves.”

“It has been a privilege to lead the Radian team, and I am deeply proud of all that we have accomplished together,” said Thornberry. “We set out to build a company that could grow and perform across market cycles – one with the financial strength, the culture, the disciplined approach to risk and capital, and a genuine commitment to our customers and stockholders, and I believe we have done that. The addition of Inigo is the clearest expression of that ambition, expanding our business and offering a runway of growth that simply was not available to us before. Mike is a proven leader with the experience, discipline, and people-first approach this company deserves, and I look forward to working closely with him to ensure a seamless transition."

Introducing Mike Weinbach

Mike Weinbach is a seasoned executive whose 30-year career has been defined by leading large, complex businesses through growth and transformation at the intersection of financial services, data, and technology. Most recently, he served as President of Mr. Cooper Group, where he successfully led the industry's largest mortgage servicer through its acquisition by Rocket Companies in 2025 while advancing technology initiatives that enhanced customer experience and grew the company's servicing and originations portfolios. Prior to Mr. Cooper, Weinbach was CEO of Consumer Lending at Wells Fargo, overseeing strategy across home, auto, student, and personal lending, credit cards, and merchant services, leading a team of more than 40,000 employees and serving on the company's Operating Committee. Before Wells Fargo, he spent 16 years at JPMorgan Chase, ultimately serving as CEO of Chase Home Lending after progressive leadership roles across consumer banking, business banking, home lending, and auto lending. He began his career as an M&A investment banker at Citigroup. Weinbach holds an MBA from Harvard Business School and a bachelor's degree in economics from The Wharton School of the University of Pennsylvania.

“Selecting a CEO is one of the Board’s most important responsibilities, and we approached the process with the rigor it deserves, engaging with Russell Reynolds Associates, a global executive search and leadership advisory firm, to ensure we considered the best leadership talent available,” said Culang. “In Mike, we found someone who distinguished himself throughout the process – not only for his track record of leading large, diversified and complex businesses, but for the thoughtfulness and discipline with which he thinks about the road ahead. Radian is exceptionally well positioned, and we have full confidence that Mike is the right leader to build on that foundation.”

"Radian has established itself as a truly differentiated company – a best-in-class mortgage insurance business with deep customer relationships, financial discipline, and now a global specialty platform with significant runway," said Weinbach. “I’m coming in with great respect for what Rick and this team have built and a clear focus on what comes next – executing the strategy, investing in our people, and delivering long-term value for our customers and stockholders. I’m looking forward to working with this exceptional team.”

About Radian
Radian Group Inc. (NYSE: RDN) is a trusted, global multi-line specialty insurer that helps businesses navigate risk with confidence. Built on financial strength and disciplined risk management, Radian brings clarity to complex risk decisions through its proprietary view of risk and a global perspective. Visit radian.com to learn how our collaborative and customer-centric culture transforms risk into a world of opportunity.

Forward-Looking Statements
Some of the statements in this press release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as “will,” “expects,” “believes” and similar expressions are used to identify these forward-looking statements. These forward-looking statements, which may include without limitation, projections regarding our future performance and financial condition, are made on the basis of management’s current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our 2025 Form 10-K, and in our subsequent quarterly and other reports filed from time to time with the SEC. We caution you not to place undue reliance on these forward-looking statements, which are current only as of the date on which we issued this report. We do not intend to, and we disclaim any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason.

More News From Radian Group Inc.

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company value investors might notice is Radian Group (RDN - Free Report) . RDN is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.

Investors should also recognize that RDN has a P/B ratio of 1.12. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. RDN's current P/B looks attractive when compared to its industry's average P/B of 2.59. Within the past 52 weeks, RDN's P/B has been as high as 1.19 and as low as 0.94, with a median of 1.04.

Finally, we should also recognize that RDN has a P/CF ratio of 7.66. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. RDN's P/CF compares to its industry's average P/CF of 7.96. RDN's P/CF has been as high as 7.82 and as low as 6.53, with a median of 7.19, all within the past year.

These are only a few of the key metrics included in Radian Group's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, RDN looks like an impressive value stock at the moment.

WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that it has granted equity-based awards to Michael Weinbach as a material inducement to his employment. These awards are being provided in accordance with Mr. Weinbach's employment agreement and issued pursuant to the employment inducement award exemption to the stockholder approval requirements under New York Stock Exchange Listed Company Manual Section 303A.08. Radian is issuing this press release pursuant to the requi.

Radian Group Inc. (RDN) Analyst/Investor Day Transcript

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.

One company to watch right now is Radian Group (RDN - Free Report) . RDN is currently holding a Zacks Rank #2 (Buy) and a Value grade of A.

Another notable valuation metric for RDN is its P/B ratio of 1.12. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 2.54. Over the past 12 months, RDN's P/B has been as high as 1.19 and as low as 0.94, with a median of 1.04.

Finally, our model also underscores that RDN has a P/CF ratio of 7.66. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. RDN's current P/CF looks attractive when compared to its industry's average P/CF of 7.84. Over the past 52 weeks, RDN's P/CF has been as high as 7.82 and as low as 6.53, with a median of 7.19.

Value investors will likely look at more than just these metrics, but the above data helps show that Radian Group is likely undervalued currently. And when considering the strength of its earnings outlook, RDN sticks out as one of the market's strongest value stocks.

CACI International (CACI - Free Report) came out with quarterly earnings of $7.27 per share, beating the Zacks Consensus Estimate of $6.9 per share. This compares to earnings of $6.23 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +5.36%. A quarter ago, it was expected that this defense contractor would post earnings of $6.41 per share when it actually produced earnings of $6.81, delivering a surprise of +6.24%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

CACI International, which belongs to the Zacks Computer - Services industry, posted revenues of $2.35 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.21%. This compares to year-ago revenues of $2.17 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

CACI International shares have lost about 2.7% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for CACI International?While CACI International has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for CACI International was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $7.71 on $2.63 billion in revenues for the coming quarter and $28.32 on $9.49 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Services is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, CGI Group (GIB - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 29.

This information technology and business process services company is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of +11.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

CGI Group's revenues are expected to be $3.08 billion, up 9.9% from the year-ago quarter.

Key Takeaways CACI Q3 FY26 earnings and revenues beat estimates, with EPS up 16.7% and sales rising 8.5% year over year.CACI saw strong demand with $2.2B awards, backlog up 6.4% and funded backlog rising 19% year over year.CACI raised revenue outlook to $9.5-$9.6B but cut profit guidance due to higher interest & acquisition costs. CACI International (CACI - Free Report) reported third-quarter fiscal 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.

CACI reported third-quarter fiscal 2026 non-GAAP earnings of $7.27 per share, which beat the Zacks Consensus Estimate by 5.4%. The bottom line increased 16.7% on a year-over-year basis, primarily driven by higher revenues and operating income, partially offset by higher tax provisions and higher interest expenses.

In the third quarter of fiscal 2026, CACI reported revenues of $2.4 billion, which surpassed the consensus mark by 0.21%. The top line increased 8.5% from the prior-year quarter.

The better-than-expected results pushed CACI stock up 0.54% in the premarket hours on Thursday. CACI shares have soared 21% in the past year, outperforming the Computer - Services industry’s decline of 4.7%.

CACI’s Q3 FY26 DetailsIn the third quarter of fiscal 2026, contract awards totaled $2.2 billion, reflecting continued strong demand and a healthy pipeline. The company reported a book-to-bill ratio of 0.9x for the quarter and 1.2x on a trailing 12-month basis, with a weighted average contract duration of more than six years.

Total backlog was $33.4 billion, marking a 6.4% year-over-year increase, representing approximately 3.6 years of annualized revenue visibility. Funded backlog grew even faster, increasing 19% year over year, reflecting solid near-term revenue support.

From a revenue composition perspective, CACI continues to derive the vast majority of its business from existing programs, which accounted for 98% of revenues, while recompetes and new business each contributed about 1%, reflecting a highly stable and recurring revenue base.

Profitability remained healthy, supported by execution and mix benefits. Adjusted EBITDA margin expanded to 12.3%, up 60 basis points year over year, while adjusted EPS grew 17% year over year. Operating income growth was driven by higher revenues, improved execution and lower share count, partially offset by higher interest expense and taxes.

CACI’s Balance Sheet & Cash FlowAs of March 31, 2026, CACI had cash and cash equivalents of $158 million compared with the previous quarter’s $423 million.

The company continues to maintain a solid financial position, though leverage increased to approximately 4.2x (pro forma) following the ARKA acquisition. Management expects leverage to return to the low 3x range within six quarters, supported by strong cash flow generation.

CACI’s operating cash flow was $504 million, and free cash flow was $221 million in the third quarter of fiscal 2026.

CACI Updates Fiscal 2026 GuidanceBuoyed by strong execution and demand visibility, CACI raised its fiscal 2026 revenue guidance to be in the band of $9.5-$9.6 billion, up from the prior range of $9.3-$9.5 billion, implying 10% to 11% growth. The Zacks Consensus Estimate for CACI’s fiscal 2026 revenues is pegged at $9.49 billion, indicating year-over-year growth of 9.96%.

However, due to acquisition-related costs and higher interest expenses, the company lowered adjusted net income guidance to $615-$630 million from the earlier projection of $630-$645 million.

Adjusted EPS is now expected in the range of $27.70-$28.38 compared with the earlier guidance of $28.25-$28.92. The Zacks Consensus Estimate for CACI’s fiscal 2026 earnings is pegged at $28.32, indicating a year-over-year growth of 6.9%.

CACI reaffirmed its free cash flow guidance of $725 million, despite higher capital expenditures (~$95 million) and integration costs, highlighting the strength of its cash-generating model.

Zacks Rank and Stocks to ConsiderCurrently, CACI carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Arista Networks (ANET - Free Report) , Advanced Energy (AEIS - Free Report) and Applied Materials (AMAT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Arista Networks have gained 17.8% year-to-date. The Zacks Consensus Estimate for ANET’s 2026 earnings is pegged at $3.53 per share, up by a penny over the past 30 days, indicating an increase of 18.5% year over year.

Shares of Advanced Energy have gained 78.8% year-to-date. The Zacks Consensus Estimate for AEIS’ 2026 earnings is pegged at $8.32 per share, down a penny over the past 60 days, indicating a rise of 29.8% year over year.

Applied Materials shares have surged 53.4% year-to-date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $11.10 per share, up 7 cents over the past 30 days, indicating an increase of 17.8% year over year.

RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has achieved Amazon Web Services (AWS) Managed Service Provider (MSP) status. This latest recognition adds to CACI’s current arsenal of technical and business accomplishments achieved through precise hybrid cloud execution and robust qualifications, uniting edge-to-cloud delivery with audited 24/7 operations for mission workloads.

Transforming how our customers work takes bold, forward leaning investments to stay ahead of our adversaries and deliver the technology our customer’s need for mission success.

Share “Transforming how our customers work takes bold, forward leaning investments to stay ahead of our adversaries and deliver the technology our customers' need for mission success,” said Jason Bales, CACI Senior Vice President and Chief Technology Officer. “Our multi-year collaboration with AWS is evidence of CACI’s position to bring commercial technology forward into the mission applications domain, all while delivering software-defined capabilities that achieve and maintain the highest security accreditations in the cloud at commercial speed.”

CACI’s robust technologies, such as Altitude™ and SHIFT™, along with its professional expertise, offer secure, compliant cloud solutions that meet our customers’ distinct mission objectives. Achieving AWS MSP status further validates CACI's ability to deliver rapid, end-to-end cloud solutions that drive network modernization, advance operational excellence, and ensure mission success.

“This new status, earned after rigorous technical audits, security reviews, and customer success evidence, is proof that CACI delivers secure, compliant, and resilient architectures from on-premises to multi-cloud,” continued Bales. “From the enterprise to the edge, CACI uses technology and software to modernize securely, accelerate innovation, and strengthen defense against evolving threats. As a single accountable partner, we deliver the speed, visibility, and confidence our nation needs to operate in today’s most complex and demanding environments.”

Working with AWS enables better automation and ongoing cost and security optimization for CACI’s customers. CACI provides planning, building, migrating, operating, and optimizing mission environments. Customers benefit from cloud environments that are patched, monitored, cost-controlled, and resilient, with measurable SLAs and automated scaling across enclaves and classifications.

CACI delivers:

Expedited Authority to Operate (ATO) processes: Utilizing proven templates, comprehensive evidence packages, and advanced automation tailored for U.S. public sector frameworks, ensuring faster and cleaner paths to ATO. Unmatched security and compliance: AWS MSP status ensures that we are maintaining the highest standards of security and compliance. Optimized cloud solutions: Customers can now benefit from streamlined cloud solutions that are specifically designed to meet the rigorous demands of the U.S. public sector. Additional benefits:

Enhanced trust and credibility: Customers have greater confidence in CACI’s cloud services, knowing they are backed by AWS security protocols and compliance frameworks. Improved efficiency: The use of automated processes and pre-approved templates reduces the time and effort required to achieve ATO, allowing customers to focus on their core missions. Superior support: CACI’s expertise in U.S. public sector frameworks ensures that customers receive tailored support and solutions that align with their specific needs and regulations. For more information about CACI’s innovative cloud solutions visit: www.caci.com/cloud. Learn more about CACI’s AWS relationship.

About CACI
CACI International Inc (NYSE: CACI) is a national security company with 27,000 talented employees who are Ever Vigilant in expanding the limits of national security. We ensure our customers’ success by delivering differentiated technology and distinctive expertise to accelerate innovation, drive speed and efficiency, and rapidly anticipate and eliminate threats. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. We are members of the Fortune 500™, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at caci.com.

There are statements made herein which do not address historical facts and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

CACI-Company News-Business Wire

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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it will participate in Bank of America’s 33rd Annual Industrials, Transportation & Airline Key Leaders Conference.

Chief Financial Officer and Treasurer Jeff MacLauchlan will engage in a fireside chat and question-and-answer session on Tuesday, May 12, at 10:20 a.m. Eastern time.

A live audio webcast of the event will be available on the CACI investor relations website, and a replay will be posted for 90 days following the event.

About CACI

CACI International Inc (NYSE: CACI) is a national security company with 27,000 talented employees who are Ever Vigilant in expanding the limits of national security. We ensure our customers’ success by delivering differentiated technology and distinctive expertise to accelerate innovation, drive speed and efficiency, and rapidly anticipate and eliminate threats. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. We are members of the Fortune 500™, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at caci.com.

There are statements made herein which do not address historical facts and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that Jimmy Norcross, CACI executive vice president, Digital and Enterprise Solutions, has been named to the prestigious Nextgov/FCW Federal 100. Regarded as one of the highest honors for the federal IT community, the award recognizes individuals who went far beyond their assigned duties to shape their organizations and the nation’s agenda over the past year.

“Jimmy embodies CACI’s ethos to expand the limits of national security, and we are proud that his incredible work with the Department of Homeland Security (DHS) has been recognized,” said John Mengucci, CACI President and Chief Executive Officer. “His experience modernizing legacy systems, deploying responsible artificial intelligence, and executing complex cloud migrations directly enabled the success of this valued customer’s mission success. In a year defined by operational efficiency and optimization, Jimmy provided the clarity, discipline, and credibility required to ensure lasting improvements.”

In 2025, Norcross was responsible for delivering transformative impact to one of the government’s most complex tasks by improving efficiency, reliability, and modernization for backend IT applications for U.S. Customs and Border Protection (CBP). He led an effort that scaled AI-enabled development, automated testing, and disciplined delivery models that increased release velocity while maintaining near-perfect quality. Under his leadership, software release velocity more than doubled while sustaining 99% defect-free quality, enabling over 1,000 releases annually at the speed border patrol agents require.

“It is an honor to be among the Fed100’s list of leaders and to be recognized for the work we are doing in federal digital transformation to provide unparalleled mission outcomes to our partners at DHS,” said Norcross.

About CACI
CACI International Inc (NYSE: CACI) is a national security company with 27,000 talented employees who are Ever Vigilant in expanding the limits of national security. We ensure our customers’ success by delivering differentiated technology and distinctive expertise to accelerate innovation, drive speed and efficiency, and rapidly anticipate and eliminate threats. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. We are members of the Fortune 500™, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at caci.com.

There are statements made herein which do not address historical facts and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

CACI-Company Award-3BL

A month has gone by since the last earnings report for CACI International (CACI - Free Report) . Shares have lost about 6.9% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CACI International due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

CACI International Q3 Earnings Beat Estimates, Revenues Rise Y/YCACI reported third-quarter fiscal 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.

CACI reported third-quarter fiscal 2026 non-GAAP earnings of $7.27 per share, which beat the Zacks Consensus Estimate by 5.4%. The bottom line increased 16.7% on a year-over-year basis, primarily driven by higher revenues and operating income, partially offset by higher tax provisions and higher interest expenses.

In the third quarter of fiscal 2026, CACI reported revenues of $2.4 billion, which surpassed the consensus mark by 0.21%. The top line increased 8.5% from the prior-year quarter.

CACI’s Q3 FY26 DetailsIn the third quarter of fiscal 2026, contract awards totaled $2.2 billion, reflecting continued strong demand and a healthy pipeline. The company reported a book-to-bill ratio of 0.9x for the quarter and 1.2x on a trailing 12-month basis, with a weighted average contract duration of more than six years.

Total backlog was $33.4 billion, marking a 6.4% year-over-year increase, representing approximately 3.6 years of annualized revenue visibility. Funded backlog grew even faster, increasing 19% year over year, reflecting solid near-term revenue support.

From a revenue composition perspective, CACI continues to derive the vast majority of its business from existing programs, which accounted for 98% of revenues, while recompetes and new business each contributed about 1%, reflecting a highly stable and recurring revenue base.

Profitability remained healthy, supported by execution and mix benefits. Adjusted EBITDA margin expanded to 12.3%, up 60 basis points year over year, while adjusted EPS grew 17% year over year. Operating income growth was driven by higher revenues, improved execution and lower share count, partially offset by higher interest expense and taxes.

CACI’s Balance Sheet & Cash FlowAs of March 31, 2026, CACI had cash and cash equivalents of $158 million compared with the previous quarter’s $423 million.

The company continues to maintain a solid financial position, though leverage increased to approximately 4.2x (pro forma) following the ARKA acquisition. Management expects leverage to return to the low 3x range within six quarters, supported by strong cash flow generation.

CACI’s operating cash flow was $504 million, and free cash flow was $221 million in the third quarter of fiscal 2026.

CACI Updates Fiscal 2026 GuidanceBuoyed by strong execution and demand visibility, CACI raised its fiscal 2026 revenue guidance to be in the band of $9.5-$9.6 billion, up from the prior range of $9.3-$9.5 billion, implying 10% to 11% growth.

However, due to acquisition-related costs and higher interest expenses, the company lowered adjusted net income guidance to $615-$630 million from the earlier projection of $630-$645 million.

Adjusted EPS is now expected in the range of $27.70-$28.38 compared with the earlier guidance of $28.25-$28.92.

CACI reaffirmed its free cash flow guidance of $725 million, despite higher capital expenditures (~$95 million) and integration costs, highlighting the strength of its cash-generating model.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -5.65% due to these changes.

VGM ScoresAt this time, CACI International has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, CACI International has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that Executive Vice President, Chief Financial Officer, and Treasurer Jeffrey MacLauchlan has been named Public Company CFO of the Year by the Northern Virginia Technology Council (NVTC). MacLauchlan was recognized for his achievements in calendar year 2025.

“I’m honored to receive this prestigious recognition from NVTC,” said MacLauchlan. “This award reflects the disciplined execution and hard work of CACI’s leadership team, finance, and operations teams in delivering strong results for our customers and shareholders.”

Under MacLauchlan’s leadership, CACI delivered record financial performance in calendar year 2025, including nearly $9 billion in revenue representing 10.4% year-over-year growth, and a 16.4% increase in EBITDA, driven by strong program execution and a growing technology footprint. He oversaw disciplined capital deployment and key strategic transactions that strengthened CACI’s long-term financial position.

“Jeff’s impact on CACI is both strategic and measurable,” said John Mengucci, CACI President and Chief Executive Officer. “His prudent financial stewardship, unwavering commitment to our long-term strategy, and proven ability to manage through complex market environments have strengthened our company and accelerated our path to future growth.”

NVTC’s annual CFO Awards recognizes finance professionals for their exceptional contribution to the economic growth of the Northern Virginia region’s tech community. The 2026 Tech CFO Awards ceremony was held on Monday, June 1 in McLean, Virginia.

About CACI

CACI International Inc (NYSE: CACI) is a national security company with 27,000 talented employees who are Ever Vigilant in expanding the limits of national security. We ensure our customers’ success by delivering differentiated technology and distinctive expertise to accelerate innovation, drive speed and efficiency, and rapidly anticipate and eliminate threats. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. We are members of the Fortune 500™, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at caci.com.

There are statements made herein which do not address historical facts and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced that Executive Vice President, Chief Financial Officer, and Treasurer Jeffrey MacLauchlan has received the CFO of the Year Award in the Annual Revenue Greater than $500 Million category at the WashingtonExec Chief Officer Awards. This prestigious recognition highlights MacLauchlan's outstanding financial leadership, strategic vision, and commitment to driving disciplined, sustainable growth for CACI. “Our success is roo.

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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it will participate in the 16th Annual Wells Fargo Industrials & Materials Conference.

President and Chief Executive Officer John Mengucci and Chief Financial Officer and Treasurer Jeff MacLauchlan will engage in a fireside chat and question-and-answer session on Wednesday, June 10, at 2:30 p.m. Eastern time.

A live audio webcast of the event will be available on the CACI investor relations website, and a replay will be posted for 90 days following the event.

About CACI

CACI International Inc (NYSE: CACI) is a national security company with 27,000 talented employees who are Ever Vigilant in expanding the limits of national security. We ensure our customers’ success by delivering differentiated technology and distinctive expertise to accelerate innovation, drive speed and efficiency, and rapidly anticipate and eliminate threats. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. We are members of the Fortune 500™, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at caci.com.

There are statements made herein which do not address historical facts and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

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Illumina, Inc. (ILMN) Q1 2026 Earnings Call Transcript

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.93% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Illumina (ILMN - Free Report) San Diego, CA.-based Illumina Inc. provides sequencing and array-based solutions for genetic and genomic analysis. The products are used for applications in the life sciences, oncology, reproductive health, agriculture and other emerging segments. Its customers include leading genomic research centers, academic institutions, government laboratories, hospitals as well as pharmaceutical, biotechnology, commercial molecular diagnostic and consumer genomics companies.

ILMN is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. ILMN has a Growth Style Score of B, forecasting year-over-year earnings growth of 6.8% for the current fiscal year.

Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.01 to $5.17 per share. ILMN also boasts an average earnings surprise of +12.2%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ILMN should be on investors' short list.

, /PRNewswire/ -- Illumina Inc. (NASDAQ: ILMN) today published its annual Corporate Responsibility (CR) Report. The report highlights the company's continued progress in expanding equitable access to genomics while delivering measurable impact for patients, communities, and health systems worldwide. It reinforces Illumina's mission-driven culture, sustainability goals, and commitment to genomics for good.

"More than 20 million people are diagnosed with cancer each year. Rare disease patients face years-long diagnostic odysseys to find answers. Health systems are under growing pressure to deliver better outcomes with fewer resources. Genomics can help meet these challenges, but only if it is integrated into real-world settings at scale," said Jacob Thaysen, CEO of Illumina. "The exceptional pace of sequencing on Illumina platforms—over 10 human genomes per minute in 2025—is a strong signal that we are meeting the moment, bringing us closer to a future where personalized medicine improves outcomes for all."

Expanding access to genomics at scale across the globe

Illumina is enabling cost-effective, scalable technologies while championing global policies and initiatives to improve access to genomic medicine. In 2025, Illumina partnered with governments, health systems, and research institutions for population-scale genomics, sovereign data stewardship, and national precision health initiatives that reflect local needs and priorities. The Illumina Corporate Foundation supported efforts around the world to bring next-generation sequencing to patients without access. Illumina contributed to international policy efforts to prioritize rare disease in public health and participated in rare disease hackathons where our new technologies and employee expertise interrogated genomic challenges.

Continuing leadership in sustainability, community engagement

Illumina recognizes that human health and environmental health are fundamentally linked, driving the company to reduce its environmental footprint across business practices while supporting customers' ability to sequence more sustainably. Since 2019, Illumina has reduced product packaging by 87%, surpassing its 2030 target. Over the same period, the company has reduced Scope 1 and 2 greenhouse gas emissions by 74% and achieved 100% renewable electricity for the fourth consecutive year through renewable energy procurement, onsite solar generation, and renewable energy credits (RECs). These efforts earned Illumina recognition as one of TIME's World's Most Sustainable Companies for the second year in a row.

Reflecting the company's commitment to nurturing our people and community, Illumina maintained a zero net pay gap for the seventh consecutive year and surpassed its goal of 100,000 volunteer hours by 2030. Employees have contributed more than 116,000 volunteer hours since 2019, with 50% of employees participating in giving and volunteering opportunities in 2025. Employees routinely bring their passion for education to the classroom, investing in the next generation of scientists. Illumina has reached 2.6 million STEM learners since 2019, including 500,000 in 2025 alone.

As part of the company's dedication to innovation, Illumina continues to expand access to genomic technologies across research, clinical, and population health settings. In 2025, the company launched the Illumina 5-base solution and Illumina Protein Prep, updated the DRAGEN software pipeline, and expanded our oncology portfolio. Illumina also debuted new capabilities such as PromoterAI and strengthened global collaborations with the Alliance for Genomic Discovery, Broad Clinical Labs, and more.

Illumina is pleased to share all of this information and more in its 2025 Corporate Responsibility report, available here.

Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, among others, statements regarding Illumina's expectations, plans, and the potential impact of its technologies and initiatives, and are based on Illumina's current expectations, assumptions, and beliefs. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.  Forward-looking statements may be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "likely," "may," "plan," "potential," "project," "seek," "will," and similar expressions. Factors that could cause actual results to differ materially include, among others: challenges inherent in developing and commercializing new technologies; the rate of adoption of genomic solutions by customers and health systems; regulatory developments and reimbursement considerations; and other factors described in Illumina's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Illumina undertakes no obligation to update any forward-looking statements except as required by law.

About Illumina
Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on X, Facebook, LinkedIn, Instagram, TikTok, and YouTube. 

Illumina Contacts:  

Investors:
Illumina Investor Relations  
858-291-6421  
[email protected] 

Media: 
Christine Douglass  
[email protected] 

SOURCE Illumina, Inc.

Former Labcorp Chairman and CEO brings deep healthcare, diagnostics, and clinical expertise to Illumina's Board

, /PRNewswire/ -- Illumina, Inc. (NASDAQ: ILMN) today confirmed the election of David P. King to its Board of Directors, effective immediately following the company's annual meeting of shareholders. Mr. King's election marks an important addition to Illumina's Board as the company accelerates its clinical strategy to integrate genomics more broadly into the standard of care.

"We are delighted to welcome David to the Illumina Board," said Jacob Thaysen, chief executive officer of Illumina. "David brings deep regulatory knowledge, broad industry credibility, and the respect earned over decades at the forefront of healthcare and life sciences. Under his leadership at Labcorp, the company tripled in size through organic growth and strategic acquisitions. His perspective across diagnostics, healthcare delivery, and board governance will strengthen our ability to deliver long-term impact for patients, customers, and shareholders."

Mr. King is the former Executive Chairman and Chief Executive Officer of Labcorp. Under his leadership, Labcorp entered the Fortune 500, and was recognized by Fortune as one of the World's Most Admired Companies.

Mr. King joins the Board following the retirement of Frances Arnold, PhD, Robert S. Epstein, MD, and Gary S. Guthart, PhD, each of whom concluded distinguished tenures on the Board at the company's annual meeting.

About David P. King

David P. King was elected to Illumina's Board of Directors in 2026. Mr. King has extensive experience in the healthcare and life sciences sectors in executive and non-executive roles, including leading complex businesses at scale, driving operational excellence and commercial initiatives, and executing transformational change through M&A and organic growth. 

Mr. King served as Chair and Chief Executive Officer as well as Executive Chairman of Laboratory Corporation of America Holdings (Labcorp) from 2007 to 2019. He provides strategic advisory services across the healthcare ecosystem through KingMan LLC. Mr. King also serves as Chair of Privia Health Group, Inc., as a director of Smith & Nephew, and has served in board leadership roles across a range of healthcare companies, including as Chair of ZimVie (2022–2025) and as Non-Executive Chair of PathGroup, LGC Limited, and AmSurg. Earlier in his career, Mr. King was a partner at Hogan & Hartson LLP (now Hogan Lovells) and served as an Assistant U.S. Attorney for the District of Maryland. 

Mr. King received a B.A. from Princeton University and a J.D. from the University of Pennsylvania Law School.

About Illumina
Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on X, Facebook, LinkedIn, Instagram, TikTok, and YouTube.

Contacts

Investors:  
Illumina Investor Relations 
858-291-6421 
[email protected]

Media:  
Christine Douglass 
[email protected]

SOURCE Illumina, Inc.