Radian Group raises share repurchase authorization to $900M from $300M

Radian Group announced its Board of Directors has approved an increase in its existing share repurchase program from $300M to $900M and a program extension to June 30, 2026. This expanded authorization will allow Radian the flexibility to repurchase an additional $600M of shares based on market and business conditions, stock price and other factors, through privately negotiated, open market or other transactions. As of March 31, 2024, approximately 7M shares for a total cost of $183M, have been repurchased under this program, which was previously set to expire on January 31, 2025. “We are pleased that our strong financial position and capital flexibility allow us to support our growth initiatives, deliver innovative products and provide best-in-class service to our customers, while also opportunistically returning value to our stockholders,” said Chief Executive Officer Rick Thornberry.