Overview

• Radian said it will fund the primarily all-cash transaction from cash on hand and excess subsidiary capital without issuing new equity.
• The agreed price values Inigo at 1.5 times its projected 2025 tangible equity.
• Closing is targeted for the first quarter of 2026 pending regulatory approvals.
• Radian will divest its mortgage conduit, title and real estate services units, classify them as discontinued operations starting in the third quarter of 2025, and seek buyers within about a year.
• Management projects the deal will roughly double revenue and lift EPS by mid-teens percentages in the first full year, with Inigo’s leadership team remaining in place as Radian shares rose about 7% on the news.