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Avoro Capital Advisors LLC reduced its stake in Amicus Therapeutics, Inc. (NASDAQ: FOLD) by 16.5% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,025,000 shares of the biopharmaceutical company's stock after selling 2,975,000 shares during the period.

Posted by Defense World Staff on Apr 6th, 2026

Capricorn Fund Managers Ltd bought a new stake in Amicus Therapeutics, Inc. (NASDAQ:FOLD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 210,674 shares of the biopharmaceutical company’s stock, valued at approximately $3,000,000. Capricorn Fund Managers Ltd owned about 0.07% of Amicus Therapeutics at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FOLD. Goldman Sachs Group Inc. boosted its stake in Amicus Therapeutics by 7.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,703,577 shares of the biopharmaceutical company’s stock valued at $22,061,000 after purchasing an additional 194,213 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Amicus Therapeutics by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,072,474 shares of the biopharmaceutical company’s stock worth $8,751,000 after buying an additional 113,803 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Amicus Therapeutics by 37.1% during the first quarter. Intech Investment Management LLC now owns 170,922 shares of the biopharmaceutical company’s stock worth $1,395,000 after buying an additional 46,218 shares in the last quarter. Strs Ohio bought a new stake in shares of Amicus Therapeutics in the first quarter valued at about $30,000. Finally, Cetera Investment Advisers bought a new stake in shares of Amicus Therapeutics in the second quarter valued at about $79,000.

Amicus Therapeutics Stock Performance Shares of Amicus Therapeutics stock opened at $14.44 on Monday. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -180.50 and a beta of 0.48. The company has a quick ratio of 1.88, a current ratio of 2.84 and a debt-to-equity ratio of 1.43. Amicus Therapeutics, Inc. has a 12-month low of $5.51 and a 12-month high of $14.46. The firm’s 50-day moving average price is $14.35 and its two-hundred day moving average price is $11.89.

Amicus Therapeutics (NASDAQ:FOLD – Get Free Report) last issued its earnings results on Friday, February 20th. The biopharmaceutical company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.03). Amicus Therapeutics had a negative net margin of 4.27% and a positive return on equity of 4.15%. The firm had revenue of $185.21 million during the quarter, compared to analyst estimates of $185.00 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Amicus Therapeutics’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, analysts forecast that Amicus Therapeutics, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling In other Amicus Therapeutics news, CEO Bradley L. Campbell sold 75,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $14.31, for a total transaction of $1,073,250.00. Following the completion of the sale, the chief executive officer directly owned 1,021,180 shares in the company, valued at $14,613,085.80. This represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In A number of equities analysts recently commented on the stock. Guggenheim lowered shares of Amicus Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Jefferies Financial Group restated a “hold” rating and set a $14.50 target price (down from $16.00) on shares of Amicus Therapeutics in a research report on Thursday, January 22nd. Leerink Partners cut shares of Amicus Therapeutics from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $17.00 to $14.50 in a report on Monday, December 29th. TD Cowen cut Amicus Therapeutics from a “buy” rating to a “hold” rating and set a $14.50 price target for the company. in a research note on Monday, December 22nd. Finally, Zacks Research downgraded Amicus Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.39.

View Our Latest Analysis on Amicus Therapeutics

About Amicus Therapeutics (Free Report)

Amicus Therapeutics (NASDAQ:FOLD) is a biopharmaceutical company focused on the discovery, development and commercialization of treatments for rare and orphan diseases. The company specializes in pharmacological chaperones and gene therapy approaches designed to address the underlying causes of lysosomal storage disorders. Its proprietary technology platform integrates structure‐based drug design with precision medicine to identify small molecules that stabilize misfolded proteins and restore cellular function.

The company’s lead marketed product, Galafold (migalastat), is an oral pharmacological chaperone approved in the United States, European Union and other territories for the treatment of Fabry disease in patients with amenable genetic variants.

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BioMarin (BMRN) has declined over 12% since January 2025, despite prior optimism. The investment thesis centers on the potential of VOXZOGO and Amicus's two approved therapies to drive future upside. Current share weakness may present a buying opportunity given VOXZOGO's prospects.

Have you looked into how Omnicom (OMC - Free Report) performed internationally during the quarter ending March 2026? Considering the widespread global presence of this advertising company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.

In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.

Being present in international markets serves as a counterbalance to domestic economic challenges while offering chances to engage with more rapidly evolving economies. However, this kind of diversification introduces challenges like currency fluctuations, geopolitical uncertainties and varying market trends.

Upon examining OMC's recent quarterly performance, we noticed several interesting patterns in the revenue generated from its international segments, which are commonly analyzed and observed by Wall Street experts.

The company's total revenue for the quarter stood at $6.24 billion, increasing 69.2% year over year. Now, let's delve into OMC's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

A Dive into OMC's International Revenue TrendsOf the total revenue, $174.4 million came from Latin America during the last fiscal quarter, accounting for 2.8%. This represented a surprise of +0.22% as analysts had expected the region to contribute $174.02 million to the total revenue. In comparison, the region contributed $202.8 million, or 3.7%, and $96.4 million, or 2.6%, to total revenue in the previous and year-ago quarters, respectively.

During the quarter, Middle East and Africa contributed $129.8 million in revenue, making up 2.1% of the total revenue. When compared to the consensus estimate of $146.31 million, this meant a surprise of -11.28%. Looking back, Middle East and Africa contributed $204.9 million, or 3.7%, in the previous quarter, and $70.8 million, or 1.9%, in the same quarter of the previous year.

Asia Pacific generated $503.5 million in revenues for the company in the last quarter, constituting 8.1% of the total. This represented a surprise of -7.13% compared to the $542.17 million projected by Wall Street analysts. Comparatively, in the previous quarter, Asia Pacific accounted for $587.3 million (10.6%), and in the year-ago quarter, it contributed $416.7 million (11.3%) to the total revenue.

Anticipated Revenues in Overseas MarketsFor the current fiscal quarter, it is anticipated by Wall Street analysts that Omnicom will post revenues of $6.45 billion, which reflects an increase of 60.6% the same quarter in the previous year. The revenue contributions are expected to be 3% from Latin America ($196.05 million), 2.5% from Middle East and Africa ($162.26 million) and 9.1% from Asia Pacific ($585.7 million).

Analysts expect the company to report a total annual revenue of $25.58 billion for the full year, marking an increase of 48.1% compared to last year. The expected revenue contributions from Latin America, Middle East and Africa and Asia Pacific are projected to be 3.5% ($887.55 million), 3% ($762.49 million) and 9.6% ($2.45 billion) of the total revenue, in that order.

Concluding RemarksThe dependency of Omnicom on global markets for its revenues presents a mix of potential gains and hazards. Thus, monitoring the trends in its overseas revenues can be a key indicator for predicting the firm's future performance.

In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.

Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.

The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.

Omnicom, bearing a Zacks Rank #3 (Hold), is expected to mirror the broader market's movements in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Assessing Omnicom's Stock Price Movement in Recent TimesOver the past month, the stock has gained 2.8% versus the Zacks S&P 500 composite's 10% increase. The Zacks Business Services sector, of which Omnicom is a part, has risen 7.2% over the same period. The company's shares have increased 10.1% over the past three months compared to the S&P 500's 4.4% increase. Over the same period, the sector has declined 4.5%

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Board of Directors of Omnicom (NYSE: OMC) declared a quarterly dividend of 80 cents per outstanding share of the corporation's common stock. The dividend is payable on July 9, 2026 to Omnicom common shareholders of record at the close of business on June 10, 2026.

About Omnicom
Omnicom (NYSE: OMC) is the world's leading marketing and sales company, built for intelligent growth in the next era. Powered by Omni and its proprietary data and identity, Omnicom's Connected Capabilities unite the company's world‑class agency brands, exceptional talent, and deep domain expertise across media, commerce, consulting, precision marketing, advertising, production, health, public relations, branding, and experiential to address clients' most critical growth priorities. For more information, visit www.omc.com.

SOURCE Omnicom Group Inc.

Omnicom Group has successfully pivoted from a legacy agency to a top-tier "data refinery," leveraging the Flywheel Digital and IPG acquisitions. An A- Profitability Grade underscores management's $900 million synergy roadmap and its capacity to generate $3 billion in annual free cash flow. Trading at a staggering 46% P/E discount to the sector median, OMC offers a premier entry point with a forward P/E of just 8.67.

OMNICOM TO PRESENT AT THE J.P. MORGAN GLOBAL TECHNOLOGY, MEDIA AND COMMUNICATIONS CONFERENCE PR Newswire NEW YOR

, /PRNewswire/ -- Weber Shandwick, an Omnicom Public Relations (OPR) agency, today announced that Susan Howe, who has served as CEO since 2024, will retire from the agency on September 1, 2026, after a career spanning nearly three decades. Karen Pugliese, currently serving as Weber Shandwick's Global President, will succeed Howe as CEO, effective September 1, 2026. Howe and Pugliese will continue working closely on the transition to ensure continuity for employees, clients and partners.

Susan Howe to retire from Weber Shandwick, effective September 1, 2026

Karen Pugliese named CEO of Weber Shandwick, effective September 1, 2026 "This is an important moment for Weber Shandwick," said Chris Foster, CEO, Omnicom Public Relations. "Susan has led this agency with vision and integrity, and she leaves the agency exceptionally well positioned for the future. Karen Pugliese is a deeply respected leader with a strong command of the business, our clients and our people. I have every confidence she will continue to strengthen the agency's reputation and impact."

Under Howe's leadership, Weber Shandwick earned significant industry recognition, including PRWeek's Global Agency of the Year, PRovoke's Global Agency of the Decade and more than 250 Cannes Lions. Howe also oversaw the expansion of the agency's capabilities through Weber I/O, Weber Advisory and Weber Create, broadening Weber Shandwick's integrated communications and advisory offerings.

"Karen has been my trusted partner in building this agency into what it is today," said Howe. "She knows this business, our people and our clients with deep experience and commitment. I could not be more confident in her leadership and look forward to seeing what the agency accomplishes next. It has been a privilege to lead Weber Shandwick and work alongside such talented colleagues around the world."

She's been a steady force at Weber Shandwick for more than 15 years, serving in leadership roles including Executive Vice President of the Consumer Practice, Chief of Staff to the CEO, Global Chief Growth Officer and, most recently, Global President. She has overseen the agency's business strategy and innovation agenda, led key client relationships and partnered closely with leaders across the network to shape the agency's future direction.

"Susan is one of the most visionary and impactful leaders I've had the privilege to work with," said Pugliese. "What she has built here — an agency defined by creative excellence and a culture that attracts and develops outstanding talent — is a strong platform for the future. I am deeply honored to take on this role and focused on what's next for our agency, our clients and our people."

Weber Shandwick also announced that Jim O'Leary, Chief Executive Officer, North America and Global President, is departing the agency to pursue a new opportunity.

About Weber Shandwick
Weber Shandwick is part of Omnicom Public Relations (OPR). The agency has been recognized with numerous industry honors, including PRWeek's Global Agency of the Year, PRovoke's Global Agency of the Decade and more than 250 Cannes Lions.

About Omnicom Public Relations
Omnicom Public Relations (OPR) is the global public relations capability of Omnicom Group (NYSE: OMC) and one of the company's Connected Capabilities. Operating through leading agency brands, OPR advises and activates for clients across corporate and brand communications, health, public affairs, and social impact. OPR connects world-class talent with shared platforms, technology, and data-driven intelligence, including Omnicom's Omni platform, to deliver integrated communications that shape reputation, drive influence, and produce measurable impact worldwide.

Contact: [email protected]
917-270-9394

SOURCE Weber Shandwick

A downtrend has been apparent in Omnicom (OMC - Free Report) lately with too much selling pressure. The stock has declined 10% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.

RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.

Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.

So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefiting from the inevitable rebound.

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.

Here's Why OMC Could Experience a TurnaroundThe RSI reading of 29.8 for OMC is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.

This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering OMC in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.5% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.

Moreover, OMC currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Omnicom Group Inc. (OMC) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Key Takeaways OMC shares rose 7.2% in a year, lagging the industry's 16.1% return.OMC sees 50.3% y/y revenue growth in 2026 and flat in 2027, with earnings up 26.8% and 14.2%, respectively.OMC returned billions via dividends and buybacks in 2023-2025, even as liquidity slipped to 0.91. Shares of Omnicom (OMC - Free Report) have risen 7.2% over the past year compared with the industry’s 16.1% return.

OMC’s revenues in 2026 and 2027 are expected to increase 50.3% and remain flat year over year, respectively. Earnings are anticipated to rise 26.8% in 2026 and 14.2% in 2027.

Factors That Augur Well for OMC’s SuccessConsumer-Centric Strategies Driving Volumes: By focusing on consumer-centric strategic business solutions, the company addresses the evolving needs of clients more closely, fostering stronger partnerships. This would assist in driving volumes. This, along with Omnicom’s size and reach, indicates that the top line would be very stable and growing. 

Interpublic Buyout Bolsters Market Position: The acquisition brought together highly complementary assets, creating a portfolio of services and products that immediately expands opportunities for clients. With shared cultures and core values rooted in creativity, technology and data, the combined entity will strengthen its position as a leader in modern marketing. This integration should also accelerate innovation, enabling the development of products and services that drive higher returns on marketing investments.

Active Share Repurchases: In 2023, the company distributed $562.7 million in dividends and $570.8 million in share repurchases. In 2024, Omnicom distributed $552.7 million in dividends and executed share buybacks worth $370.7 million. In 2025, Omnicom distributed $549.6 million in dividends and executed share buybacks worth $707.9 million. Similarly, this consistent performance highlights Omnicom’s ability to generate robust cash flows, reinforcing investor confidence and supporting its stock performance.

Risks Faced by OmnicomFierce Competition: OMC operates in a highly fragmented and competitive market, competing with major players, such as WPP, Publicis Groupe and Interpublic Group, as well as emerging digital-focused firms. The competition drives innovation across the industry while increasing pricing pressures. Maintaining market share requires the company to invest heavily in technology, data analytics and talent acquisition, which can strain resources and impact short-term profitability.

Weak Liquidity Profile: OMC has a weak liquidity position due to a sharp rise in current debt. At the end of the first quarter of 2026, the company reported a current ratio of 0.91, lower than the industry average of 0.93. A current ratio lower than 1 does not bode well with investors as it implies that the company may not be able to pay off short-term obligations efficiently.

Image Source: Zacks Investment Research

OMC’s Zacks Rank & Stocks to ConsiderThe company has a Zacks Rank #3 (Hold) at present.

Some better-ranked stocks from the broader Zacks Business Services sector are Everpure, Inc. (P - Free Report) and FactSet Research Systems (FDS - Free Report) , each currently carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Everpure has a long-term earnings growth expectation of 19.3%. P delivered a trailing four-quarter earnings surprise of 8.1%, on average.

FactSet Research Systems has a long-term earnings growth expectation of 6.5%. FDS delivered a trailing four-quarter earnings surprise of 0.4%, on average.

Truth Is Everything: 72% of People Say It's More Important than Ever to Prioritize Truth

Research from McCann and Economist Enterprise reveals global growth will be driven by brands' ability to eliminate doubt and connect with the world's fastest-growing audience with ideas that move at the speed and flow of culture

, /PRNewswire/ -- McCann today released The Truth About Global Brands, a study of 20,713 people across 20 markets, revealing a fundamental reset in how brands achieve growth and relevance, globally. This year's study draws on independent insights from an analysis of B2B decision-makers conducted by Economist Enterprise, the B2B arm of The Economist Group.

Truth About Global Brands At a time when AI is reshaping decision-making, trust is fragmenting and cultural influence is shifting, the research finds that brands must help consumers navigate an increasingly complex "Truth Maze" by eradicating doubt to drive growth.

"Global brands are experiencing a growth crisis as we've shifted from a trust economy to a doubt economy, putting CMOs under more pressure than ever," said Tyler Turnbull, Global CEO, McCann. "The new playbook for the future of brand building will be grounded in a brand's ability to show up with clarity, credibility and cultural fluency at every decision point."

The "Truth Maze": a New Battleground for Brands' Bottom Line

In a world flooded with information, consumers and business leaders are navigating a "Truth Maze:" a complex web of conflicting information, AI-generated content, and competing claims that has made it harder than ever to determine what is real.

While 72% of people say it's more important than ever to prioritize truth, 55% believe brands are less truthful than they were 20 years ago 76% worry they will soon be unable to distinguish between real people and artificial ones online While AI adoption is expected -- 72% of consumers and 88% of B2B leaders say brands must use AI to keep up -- accountability is what will set brands apart.

53% of people say being transparent about AI use is the most effective way for brands to build trust, and 45% say brands should help them understand what's real and what isn't in AI-generated content The commercial stakes are high, with the research revealing that trust is not a soft brand value, but a revenue driver.

"In a world where truth matters more than ever, certainty is the new value exchange," said Harjot Singh, Global Chief Strategy Officer, McCann.

A vast majority of people (80%) say they will actively choose brands they trust, even if they cost more, signaling a growing premium on credibility 69% of consumers and 79% of B2B decision-makers have stopped using a brand because they no longer trusted it "The data tells a compelling story: when business leaders lose faith in a brand, they walk away and they don't come back easily," said Tamara McMillen, Chief Revenue Officer at Economist Enterprise. "What this means for global brands is that the commercial cost of doubt is real and measurable. Brands that invest in being trustworthy guides to B2B decision-makers are the ones best positioned to grow."

"Multi-Modal Globality" Challenges Traditional Brand Building Playbook

In a world inundated with information, the research reveals a major shift in how culture and influence flow globally, as ideas move fluidly across markets, platforms and communities.

Influence is increasingly multi-directional, not West-to-rest Markets like China, India and Saudi Arabia are shaping global norms 73% of people say you can be a global citizen without travelling Culture no longer flows in a straight line from global to local. Instead, it circulates --emerging, evolving and scaling across interconnected networks. Legacy models of global brand building — top-down or bottom-up — are no longer sufficient.

The Next Growth Engine: 1 Billion Strong "Upward Class"

With culture and influence now moving multi-directionally, a new, highly influential and expanding audience is defining the new era of brand growth: the "Upward Class."

1.02 billion people globally $29.5 trillion in annual spending power Highly motivated by progress, self-improvement and upward mobility Unlike previous generations, these consumers use brands not just to consume, but to signal progress, identity and belonging, reshaping the meaning of status itself.

Critically, the "Upward Class" shows lower brand cynicism and stronger belief in brands as tools for advancement, making them disproportionately influential in defining what growth looks like next.

"Future growth won't come from leaning on existing audiences or legacy markers of scale," continued Turnbull. "It will come from brands that turn truth into a genuine growth engine, building connected systems of meaning, culture and commerce. That's what McCann's Truth Well Told framework is designed to do."

The New Playbook for Global Brand Growth

Across all findings, one principle stands out: the brands that succeed in 2026 and beyond will not be those that say the most, but those that remove the most doubt and connect with segments shaping tomorrow's demand. This requires:

Acting as a trusted guide in a complex information landscape Going back to the basics, delivering products and experiences that are relevant, useful and prove their value Identifying and engaging emerging, high-growth audiences that believe in brands Designing truth-based ideas that move with culture and scale across networks Research Methodology

The Truth About Global Brands is based on a survey of 20,713 people across 20 markets [US, UK, Australia, Brazil, Canada, China, France, Germany, Italy, India, Japan, Mexico, Spain, UAE, Saudi Arabia, Philippines, Singapore, South Korea, Thailand, New Zealand], conducted between November 2025 and January 2026, combined with qualitative insights from senior marketing leaders and global CMOs.

*Trended data is reported on a like-for-like basis, with the following markets [US, UK, Brazil, China, France, Germany, India, Japan, Mexico] across 2018, 2023, 2026.

This year's report includes a B2B brand perspective based on independent insights from Economist Enterprise, the B2B division of The Economist Group that helps organizations understand global economic and geopolitical change, make informed strategic decisions and reach influential audiences. Their analysis surfaces the critical nuances that distinguish B2B audiences from the broader consumer sample – and what those nuances mean for brands competing for the trust and confidence of business buyers today.

About McCann
McCann, part of Omnicom (NYSE: OMC), is a leading creative solutions company. The award-winning global brand network is united across 100+ countries by a mission to build iconic brands through the radical creativity of Truth Well Told. Because when the truth is well told, it moves people and markets. Named one of the World's Most Innovative Companies by Fast Company in 2025 and 2024, and ranked in the top 3 most creatively effective networks globally in the Effie Index every year since 2019, McCann is the global brand creative partner of such iconic brands as L'Oreal Paris, Mastercard, Xbox, IKEA and Maggi.
For more information, visit www.mccann.com.

SOURCE McCann

DENVER--(BUSINESS WIRE)--Zayo (“the Company”), a leading digital infrastructure provider, today announced the successful closing of its acquisition of Crown Castle's Fiber Solutions business, significantly expanding its metro fiber footprint and enterprise reach across key U.S. markets. As demand for AI and cloud infrastructure accelerates, this transaction further scales one of the industry's most extensive fiber networks, strengthening the digital infrastructure backbone for the next wave of.

Crown Point, Indiana--(Newsfile Corp. - May 9, 2026) - Lerner & Rowe Gives Back, the nonprofit foundation of Lerner & Rowe Injury Attorneys, is proud to announce the return of its 5th Annual Cornhole Tournament on Saturday, May 9, 2026, at Bulldog Park (183 S. West St., Crown Point, IN 46307). The event runs from 1:00 p.m. to 9:00 p.m. CST, with team check-in beginning at noon. Bags fly at 1:00 p.m. sharp.

Now entering its fifth year, the tournament has grown from a local fundraiser into one of the largest cornhole tournaments in the Northwest Indiana and Chicagoland areas - and a top-10 cornhole event nationwide. The 2026 tournament is expected to draw its biggest crowd yet, with competitors coming from across Indiana, Illinois, and beyond.

"Five years ago, we hoped this tournament would make a difference. What we didn't anticipate was just how much this community would pour into it. The families, schools, and nonprofits we've been able to support because of that generosity are the heart of everything we do. We couldn't be more proud of what we've built together," shared Arianna Hensley, Outreach Director, Lerner & Rowe Injury Attorneys.

EVENT DETAILS

Date: Saturday, May 9, 2026Time: 1:00 PM - 9:00 PM CST (Team check-in at 12:00 PM)Location: Bulldog Park, 183 S. West St., Crown Point, IN 46307Format: Double-elimination tournament - bags fly at 1:00 PM, no exceptionsAdmission: Open to spectators; team registration required for competitorsWHAT'S NEW IN 2026

This year's tournament introduces several exciting additions for competitors and attendees alike:

Three competitive divisions - For the first time in tournament history, competitors will play within three separate skill-based divisions, creating a more competitive and inclusive experience for players of all levels.Booze Basket Raffle - Attendees can purchase raffle tickets for a chance to win a premium booze basket. Raffle proceeds go directly to Lerner & Rowe Gives Back's community programs.FOOD & BEVERAGE

A curated lineup of local food vendors will be on-site throughout the event, offering a variety of dining options for competitors and spectators:

Mike's Main EventGuacamole GrillBedarraBlush & Brie CharcuterieDonut NVA beer garden (21+) will also be available on-site.

MORE THAN A CORNHOLE TOURNAMENT

The 5th Annual Cornhole Tournament is the crown jewel of Lerner & Rowe Gives Back's annual fundraising calendar in Indiana and Illinois. Funds generated through team registrations, vendor fees, and sponsorships are reinvested directly into the community. The foundation's Indiana and Illinois programming has raised more than $150,000 since 2022, supporting initiatives including:

Donations of more than 2,500 backpacks filled with school supplies for disadvantaged youth in Chicago and MerrillvilleMore than 3,550 Thanksgiving meal packages distributed to vulnerable families in needCharitable support to over 20 local nonprofits, schools, and police departmentsFor more details about the 5th Annual Cornhole Tournament, to inquire about sponsorships or vendor opportunities, or to register a team, contact Outreach Director Arianna Hensley at 708-222-2222 ext. 6325 or [email protected].

ABOUT LERNER & ROWE GIVES BACK

Lerner & Rowe Gives Back is the nonprofit foundation of Lerner & Rowe Injury Attorneys, dedicated to making a meaningful difference in the lives of people in need throughout Northwest Indiana, Chicagoland, Arizona, Nevada, and New Mexico. In 2025 alone, the foundation donated over $3 million across communities in five states. Core initiatives include annual backpack and Thanksgiving meal giveaways and the annual Northwest Indiana and Chicagoland Cornhole Tournament fundraiser. Proceeds from foundation events go directly back into the communities Lerner and Rowe serves. For more information, visit lernerandrowegivesback.org.

ABOUT LERNER & ROWE INJURY ATTORNEYS

Lerner and Rowe Injury Attorneys is a powerhouse law firm representing personal injury clients. Attorneys Glen Lerner and Kevin Rowe have grown their firm into one of the largest personal injury practices in the country, with over 50 attorneys and nearly 400 support employees across Indiana, Illinois, Arizona, Nevada, California, Washington, Oregon, New Mexico, Alabama, and Tennessee. The firm's reputation for excellence is built on the respect, dignity, and exceptional client service shown to every victim and family member they represent.

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  TORONTO, ON, May 13, 2026 - TheNewswire – Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) (“Silver Crown”, “SCRi”, the “Corporation”, or the “Company”) is pleased to announce it released and filed its unaudited interim condensed consolidated financial statements, and management’s discussion & analysis, for the quarter ended March 31st, 2026 on SEDAR+ (www.sedarplus.ca) and the company website (SilverCrownRoyalties.com). All amounts are in Canadian dollars, unless otherwise indicated.

FIRST QUARTER FINANCIAL AND CORPORATE HIGHLIGHTS:

Record Quarterly Revenue: Generated $665,854 in royalty revenue for the three months ended March 31, 2026, representing a 119% increase compared to $304,408 in Q1 2025. 

Growth initiatives:Successfully closed two strategic private placements in early 2026, including a significant investment from prominent mining investor Michael Gentile. Mr. Gentile was concurrently appointed as Strategic Advisor to strengthen the company’s royalty sourcing capabilities and capital markets expertise. 

Improved total loss for the quarter ended March 31, 2026 was $654,071, which compares to a loss of $353,235 for the quarter ended March 31, 2025 and $2,913,156 for the quarter ended December 31, 2025. 

SUMMARY OF QUARTERLY RESULTS:

  Quarter ended March 31, 2026

Quarter ended December 31, 2025

Quarter ended March 31, 2025

Attributable Silver Deliveries (oz)

5,798(1)

6,684

6,703

% Change (Year over Year)

  -13%

-14%

Revenue

$665,854(2)

$410,438

$304,408

% Change (Year over Year)

  62%

119%

(1)No. of ounces received per royalty agreements were higher by 783 ounces, but were accounted into a different period due to timing differences

(2) The Minimum Payment due for the first quarter of fiscal 2026 on the Company’s royalty on the PGDM Complex owned by a subsidiary Pilar Gold Inc. remains overdue and outstanding

 SILVER OUNCES AND REVENUE GROWTH PROFILE:

Peter Bures, SCRi’s Chief Executive Officer, commented, “The first quarter of this year was transformative for our Company as we generated record quarterly revenues and we welcomed Michael Gentile to our Advisory team. We currently have over C$15 million in cash and silver bullion in treasury, with an additional C$20 million of in the money warrants. We expect to generate positive cash flow from operations this quarter as our royalty partners’ production profile improves and minimum delivery ounce payment obligations begin at PPX Mining’s Igor 4 Project.”

For complete details, please refer to the Audited Consolidated Financial Statements and associated Management Discussion and Analysis for the quarter ended March 31, 2026, available on SEDAR+ at sedarplus.ca or on the Company’s website at silvercrownroyalties.com.

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, “We expect to generate positive cash from operations this quarter as our royalty partners’ production profile improves and minimum delivery ounce payment obligations begin at PPX Mining’s Igor 4 Project” and the Company anticipates significantly higher royalty payments under the PPX Royalty with the minimum payment obligations commencing on the date hereof. 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.

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, May 13, 2026 (GLOBE NEWSWIRE) -- Crown Point Energy Inc. (TSX-V:CWV) ("Crown Point" or the "Company") is pleased to announce that it has filed a preliminary short form prospectus (the "Preliminary 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 registered holder of Common Shares as at the close of business on the record date (the "Record Date") to be fixed prior to filing the final short form prospectus for the Rights Offering (the "Final Prospectus") will be entitled to receive one (1) Right for each one (1) Common Share held.   Each Right will entitle an eligible holder thereof to purchase a number of Common Shares at a price per Common Share to be determined prior to filing the Final Prospectus such that the total gross proceeds of the Rights Offering will be US$30 million. The Rights Offering will include an additional subscription privilege under which holders of Rights who fully exercise their Rights will be entitled to subscribe for additional Common Shares, if available, that were not otherwise subscribed for under the Rights Offering.

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 appointed by the 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 Preliminary Prospectus.

In connection with the Rights Offering, the Company has entered into a standby purchase agreement (the "Standby Purchase Agreement") with its largest shareholder, Liminar Energía SA ("Liminar"). Liminar has agreed, subject to the satisfaction of certain conditions, to exercise its basic subscription privilege in full 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.

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, 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.

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.

Following a review of the Preliminary Prospectus by the Canadian securities regulators and the TSX Venture Exchange (the "TSXV"), the Company expects to file a Final Prospectus and to deliver the Final Prospectus to its shareholders who hold Common Shares on the Record Date. The Rights Offering will be open for at least 21 days. The Rights Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the TSXV. Further details concerning the Rights Offering, including the details of the Standby Purchase Agreement, are contained in the Company's Preliminary 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.

About Crown Point

Crown Point 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, the proceeds to be raised pursuant to the Rights Offering, certain anticipated terms and conditions of the Rights Offering, the filing of a Final Prospectus in connection with the Rights Offering, the fixing of a Record Date in connection with the same, 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, 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, including TSXV approval; 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 Preliminary 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.

Despite losing the lion’s share of its once-dominant 95% stake in China’s data-center GPU market due to U.S. export curbs, experts suggest the company is far from finished in the region.

DGA-Albright Stonebridge Group’s Paul Triolo noted on Friday that Nvidia’s H200 chips are seeing resilient demand for Chinese industrial AI applications, even as Beijing pours unprecedented resources into a difficult “moonshot” to build a domestic semiconductor supply chain.

With CEO Jensen Huang recently joining a high-profile U.S. delegation to advocate for continued limited trade, and analysts like Jim Cramer warning that total blocks might only accelerate China’s self-sufficiency, all eyes are on Nvidia’s ability to defend its global leadership.

Paul Triolo Sees China Still Needing NVIDIA’s Older AI ChipsTriolo told CNBC on Friday that NVIDIA’s H200 chips continue to face strong demand in China despite no longer representing the company’s newest AI hardware.

Triolo explained that the H200 chips remain well-suited for AI inference workloads and industrial AI applications, which continue expanding rapidly across China.

He noted that NVIDIA once controlled roughly 95% of China’s data-center GPU market but has since lost most of that share due to U.S. export restrictions and China’s push toward domestic alternatives.

According to Triolo, Jensen Huang joined Trump’s China delegation partly to convince both U.S. and Chinese officials that allowing limited sales of NVIDIA GPUs to China still benefits both sides.

Triolo Says China Is Advancing Domestic Chip DevelopmentTriolo described China’s effort to build an independent semiconductor supply chain as one of the most difficult industrial projects ever attempted.

He pointed to Huawei-led initiatives and government-backed programs aimed at developing advanced lithography systems and domestic semiconductor manufacturing tools.

While Triolo said China still faces major technological hurdles — including access to advanced lithography equipment, materials, and supporting infrastructure — he expects the country to make measurable progress within the next two to three years.

However, he cautioned that scaling advanced chip manufacturing across multiple factories and maintaining high-volume operations remains significantly more challenging.

Jim Cramer Argues NVIDIA Sales Help Preserve U.S. AI LeadershipCNBC’s Jim Cramer told on Thursday that the U.S. should allow NVIDIA to continue selling AI chips into China because blocking access could accelerate China’s domestic chip ambitions.

Cramer argued that forcing Chinese companies to build their own alternatives may eventually help them catch up technologically, especially given China’s large engineering workforce and energy resources.

He also highlighted NVIDIA CFO Colette Kress’ earlier comments that the company had not yet generated China revenue, despite limited U.S. approvals for some products.

At the same time, Cramer pointed to Jensen Huang’s more optimistic remarks in March, when the NVIDIA CEO said the company had received purchase orders and restarted manufacturing tied to China demand.

Despite uncertainty surrounding export controls, Cramer maintained a bullish view on NVIDIA, arguing the company remains central to the global AI boom and still trades at an attractive valuation relative to peers.

Earnings & Analyst OutlookThe countdown is on: Nvidia Corp is set to report earnings on May 20, 2026 (confirmed).

EPS Estimate: $1.76 (Up from 96 cents YoY) Revenue Estimate: $78.93 Billion (Up from $44.06 Billion YoY) Valuation: P/E of 48.1x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $284.40. Recent analyst moves include:

UBS: Buy (Raises Forecast to $275.00) (May 14) RBC Capital: Outperform (Maintains Forecast to $250.00) (May 14) Cantor Fitzgerald: Overweight (Raises Forecast to $350.00) (May 14) Technical AnalysisEven with Friday's premarket pullback, Nvidia is still trading well above its key trend gauges: about 9.9% above the 20-day SMA ($209.12) and roughly 23.7% above the 200-day SMA ($185.74).

That spacing typically signals strong trend control by buyers, but it also raises the odds of sharper shakeouts when the market tone turns defensive.

RSI is the cleanest momentum read right now, sitting at 76.93—firmly overbought—and that matters because RSI helps gauge how "stretched" a move is versus its recent pace.

RSI first pushed into overbought territory in May, and the stock has stayed elevated, which often keeps upside intact but makes near-term pullbacks more likely to be fast and headline-sensitive.

Trend structure remains constructive with the 20-day SMA above the 50-day SMA (bullish), and the longer-term golden cross (50-day SMA above the 200-day SMA) that occurred in June 2025 continues to support the bigger uptrend.

From a swing perspective, the chart is still working off a recent swing low from March and a swing high from April, with the 52-week high tagged in May near $236.54.

Key Support: $194.50 — a nearby level where buyers previously stepped in, sitting close to the broader moving-average "catch zone" (near the 50-day/100-day area) if the pullback deepens NVDA Stock Price Activity: Nvidia shares were down 2.64% at $229.51 during premarket trading on Friday, according to Benzinga Pro data.

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May 20, 2026 16:15 ET  | Source: Crown Castle Inc.

HOUSTON, May 20, 2026 (GLOBE NEWSWIRE) -- Crown Castle Inc. (NYSE: CCI) ("Crown Castle") announced today that its Board of Directors has declared a quarterly cash dividend of $1.0625 per common share. The quarterly dividend is payable on June 30, 2026, to common stockholders of record at the close of business on June 15, 2026. Future dividends are subject to the approval of Crown Castle's Board of Directors.

ABOUT CROWN CASTLE

Crown Castle owns, operates and leases approximately 40,000 cell towers across the U.S. This nationwide portfolio serves as the foundation of wireless connectivity that provides cities and communities access to essential data, technology and wireless service – bringing information, ideas, innovations and the connectivity of modern life to help people and businesses thrive. For more information on Crown Castle, please visit www.crowncastle.com.

Contacts:Sunit Patel, CFO Kris Hinson, VP & Treasurer Crown Castle Inc. 713-570-3050

Crown Castle presents an attractive long-term value opportunity amid signs of an earnings turnaround and a potential recovery in AFFO. Writing long-dated puts on CCI offers a 10.52% annualized return with a $77.75 breakeven, allowing investors to collect premium while monitoring the turnaround. Management plans to maintain the dividend at a high 94.7% AFFO payout, confident in AFFO growth and targeting a 75–80% payout ratio over the next few years.

  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.