---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-035665"
form_type: "8-K"
ticker: "RDN"
cik: "0000890926"
company_name: "RADIAN GROUP INC"
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:30:38.326908+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Radian completes $1.67B acquisition of Inigo, expects mid-teens EPS accretion in 2026

## Summary
- Acquired Inigo for $1.67B net consideration; funded via liquidity and excess capital from mortgage subsidiary.
- Inigo's estimated tangible equity at year-end 2025 was $1.16B; net purchase price ~1.4x tangible equity.
- Expects mid-teens % EPS accretion and ~200 bps ROE accretion in 2026; revenue expected to double.
- Inigo operates as standalone London unit; CEO Richard Watson and team continue to lead.
- Some Inigo management received stock consideration (15-25% of gross) and $25M retention awards vesting over 2 years.

## SEC filing metadata
- accession: 0001193125-26-035665
- form_type: 8-K
- ticker: RDN
- cik: 0000890926
- company_name: RADIAN GROUP INC
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890926/000119312526035665/0001193125-26-035665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890926/000119312526035665/d47949d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-035665
- JSON: https://secwatch.observer/filing/0001193125-26-035665.json
- Plain text: https://secwatch.observer/filing/0001193125-26-035665.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.