secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001193125-25-206774
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radian to acquire Lloyd's insurer Inigo for $1.7B; plans divestiture of mortgage, title & real estate
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- Acquisition of Inigo for $1.7B (primarily cash) expected to close Q1 2026, subject to UK, Lloyd's and Texas regulatory approvals.
- Funded from Radian's excess capital and liquidity; $600M intercompany note from Radian Guaranty at 6.5% for 10 years.
- Radian to divest all 'All Other' businesses (mortgage conduit, title, real estate services) within one year; held-for-sale and discontinued ops from Q3 2025.
- Inigo management (CEO Richard Watson, CUO Russell Merrett, CFO Stuart Bridges) will continue leading; equity rollover <1% of RDN stock.
- Acquisition expected to be mid-teens accretive to EPS and add ~200 bps to ROE in first full year after closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000119312525206774/0001193125-25-206774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000119312525206774/d945088d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-206774

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