Declared Dividend • 21h
First quarter dividend of US$0.26 announced Dividend of US$0.26 is the same as last year. Ex-date: 2nd June 2026 Payment date: 17th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 59% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. RDN
Live News • May 24
Radian Group Names Mike Weinbach CEO-Elect With Succession and Equity Award Plan for 2026 Radian Group announced that CEO Rick Thornberry plans to retire in December 2026 after nearly a decade in the role.
The board appointed Mike Weinbach as CEO-Elect effective June 1, 2026, with plans for him to become CEO and join the board on August 13, 2026.
Weinbach’s compensation package includes a US$1 million base salary and performance-based incentives targeting over US$9 million annually starting in 2027, and the company approved a 2026 Inducement Grant Equity Plan authorizing up to 500,000 shares tied to the leadership transition.
This planned succession signals an orderly handover and provides a clear timeline for when new leadership will take full control of the business.
The size and performance-linked structure of Weinbach’s pay, together with the inducement equity plan, highlights the importance of monitoring how future incentives align with shareholder outcomes once he is in the role. Announcement • May 24
Radian Group Inc. Announces CEO Transition Radian Group Inc. announced that Chief Executive Officer Rick Thornberry has informed the Board of Directors of his intent to retire in December 2026, following nearly a decade of leadership that fundamentally transformed the company. The Board has appointed Mike Weinbach as CEO-Elect, effective June 1, 2026. Weinbach will assume the role of chief executive officer and become a member of the Board on August 13, 2026. Thornberry will serve as a strategic advisor through his retirement on December 31, 2026, supporting a disciplined and thoughtful transition. Since joining Radian as CEO in 2017, Thornberry has more than tripled book value per share on a total return basis, including dividends, delivering a 13.4% compounded annual growth rate while building the operational and financial foundation that enabled the company's next strategic evolution. Mike Weinbach is a seasoned executive whose 30-year career has been defined by leading large, complex businesses through growth and transformation at the intersection of financial services, data, and technology. Most recently, he served as President of Mr. Cooper Group, where he successfully led the industry's largest mortgage servicer through its acquisition by Rocket Companies in 2025 while advancing technology initiatives that enhanced customer experience and grew the company's servicing and originations portfolios. Prior to Mr. Cooper, Weinbach was CEO of Consumer Lending at Wells Fargo, overseeing strategy across home, auto, student, and personal lending, credit cards, and merchant services, leading a team of more than 40,000 employees and serving on the company's Operating Committee. Before Wells Fargo, he spent 16 years at JPMorgan Chase, ultimately serving as CEO of Chase Home Lending after progressive leadership roles across consumer banking, business banking, home lending, and auto lending. He began his career as an M&A investment banker at Citigroup. Weinbach holds an MBA from Harvard Business School and a bachelor's degree in economics from The Wharton School of the University of Pennsylvania.