secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001193125-26-035665
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000119312526035665/0001193125-26-035665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000119312526035665/d47949d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-035665

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer