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Stock impact report

Radian to Acquire Inigo, a Highly Profitable Lloyd’s Specialty Insurer; $1.7 Billion Transaction to Transform Radian Into a Global Multi-Line Specialty Insurer

Radian Group Inc. (RDN) 
Last radian group inc. earnings: 2/5 06:27 pm Check Earnings Report
US:NYSE Investor Relations: radian.biz/page?name=investors
Company Research Source: Business Wire
Company also completes a comprehensive strategic review and announces a divestiture plan for its Mortgage Conduit, Title and Real Estate Services businesses WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that it has entered into a definitive agreement to acquire Inigo Limited (“Inigo”), a highly profitable Lloyd’s specialty insurer, for $1.7 billion in a primarily all-cash transaction.1 The transaction will be funded from Radian’s available liquidity sources and excess capital from its subsidiaries. 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.The acquisition values Inigo at 1.5 times its projected tangible equity at the end of 2025. The acquisition is expected to deliver mid-teens percentage accretion to Show less Read more
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