Radian Receives All Necessary Regulatory Approvals and Moves Towards Closing of Inigo Acquisition

Business Wire

WAYNE, Pa.--(BUSINESS WIRE)--
Radian Group Inc. (NYSE: RDN) today announced that it has received all regulatory approvals required for Radian’s pending acquisition of Inigo Limited (“Inigo”), a specialty insurance group underwriting through Lloyd’s of London. Radian currently anticipates closing the transaction in February 2026, subject to the satisfaction of customary closing conditions.

This strategic acquisition will mark an important step in Radian’s transformation from a leading U.S. mortgage insurer to a global, diversified multi-line specialty insurer, significantly expanding the company’s product expertise and capabilities and optimizing the deployment of its excess capital.

Following closing, Inigo will operate as a Radian business unit while maintaining its underwriting presence in London. The combined organization will bring together Radian’s financial strength, risk-management innovation, and operational scale with Inigo’s specialty market insights and performance track record.

About Radian

As a leading U.S. private mortgage insurer, Radian Group Inc. (NYSE: RDN) provides solutions that expand access to affordable, responsible and sustainable homeownership and helps borrowers achieve their dream of owning a home. For more information, visit radian.com.

About Inigo

Through Lloyd’s Syndicate 1301, Inigo underwrites a multi-class specialty insurance and reinsurance portfolio, serving some of the world’s largest commercial and industrial enterprises. Founded in 2020, Inigo is shaped by data, led by insight, and built around people who believe in doing things differently. For more information, visit inigoinsurance.com.

Forward Looking Statements

All statements in this press release that address events, developments or results that Radian expects or anticipates may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as “anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “pursue,” “contemplate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,” “future,” “likely” or the negative or other variations on these words and other similar expressions. These statements, including, without limitation, statements regarding the expected completion, financing and timing of the acquisition, statements regarding the expected impact of the acquisition on Radian’s earnings, are made on the basis of management’s current views and assumptions with respect to future events. These statements speak only as of the date they were made, and Radian undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The company operates in a changing environment where new risks emerge from time to time and it is not possible to predict all risks that may affect Radian. The forward-looking statements are not guarantees of future performance, and the forward-looking statements, as well as Radian’s prospects as a whole, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.

These risks and uncertainties include: risks associated with the acquisition, including: (a) the parties’ ability to complete the acquisition, on the anticipated timeline or at all; (b) the occurrence of any event, change or other circumstance that could give rise to the termination of the purchase agreement; (c) risks related to diverting the attention of either party’s management from ongoing business operations; (d) the possibility that the anticipated benefits and impacts of the acquisition are not realized when expected, or at all; (e) significant unknown or inestimable liabilities associated with Inigo; (f) risks related to the uncertainty of expected future financial performance and results of Inigo and its businesses following completion of the acquisition; (g) risks related to the availability of sufficient cash resources to fund the acquisition or the Radian’s ability to raise new funds; (h) risks related to limitations and compliance with using the company’s subsidiaries’ excess capital as a source of funding for the transaction; and (i) risks associated with Radian’s ability to successfully execute on its strategic shift to become a multi-line insurer.

For more information regarding these risks and uncertainties as well as certain additional risks that Radian faces, you should refer to “Item 1A. Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2024 and its quarterly report on Form 10-Q for the quarterly period ended September 30,2025, as well as to subsequent reports and registration statements filed from time to time with the U.S. Securities and Exchange Commission. Radian cautions you not to place undue reliance on these forward-looking statements, which are current only as of the date on which this press release was issued. The company does not intend to, and disclaims any duty or obligation to, update or revise any forward-looking statements to reflect new information or future events or for any other reason.