Radian Group Inc., together with its subsidiaries, provides mortgage insurance in the United States. It aggregates, manages, and distributes mortgage credit risk for the benefit of mortgage lending institutions and mortgage credit investors through private mortgage insurance on residential first-lien mortgage loans. The company also offers private mortgage insurance, specialty insurance, and reinsurance lines. It serves mortgage originators, such as …
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Competitive advantage assessment
Key strengths
Strong Premium Pricing MarginsPremium margin signal is strong (score 0.88), with operating margin at 71.8% vs peers — indicating pricing authority.
Superior Returns on FloatFloat investment returns are strong (signal score 0.71), with ROA at 6.93% vs peers — investment income amplifies underwriting profit.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Radian Group Inc. ranks #3 of 19
scored companies in Insurance - Specialty by moat score — the top 16%.
The widest moat in the group is NMI Holdings Inc (NMIH)
at 78/100.
Moat scores for companies ranked near RDN in Insurance - Specialty
How RDN scores on the Insurance & Reinsurance defenses
Underwriting Discipline
Score 70
· 25% of the moat score
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float Investment Quality
Score 64
· 20% of the moat score
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
Pricing Power
Score 85
· 18% of the moat score
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital Strength & Solvency
Score 74
· 17% of the moat score
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
Operational Efficiency
Score 78
· 12% of the moat score
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Scale & Diversification
Score 67
· 8% of the moat score
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
Radian Group Inc. (RDN) scores 73 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #3 of 19 scored companies in Insurance - Specialty, the top 16%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 18 companies in Insurance - Specialty. Its strongest defense is Pricing Power (85/100) and its weakest is Float Investment Quality (64/100).
How does Radian Group Inc. compare with other Insurance - Specialty companies?
Radian Group Inc. ranks #3 of 19 scored companies in Insurance - Specialty by moat score. The widest moat in Insurance - Specialty is NMI Holdings Inc (NMIH) at 78/100. The companies ranked closest are MGIC Investment Corporation (MTG) at 73 just above it and AMERISAFE, Inc. (AMSF) at 71 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 18 companies in Insurance - Specialty. The defenses are then weighted to produce the overall score out of 100.
Why is Radian Group Inc. scored with the Insurance & Reinsurance template?
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
Which competitive defenses are measured for Radian Group Inc.?
The Insurance & Reinsurance template measures 6 defenses, and RDN scores: Underwriting Discipline (70), Float Investment Quality (64), Pricing Power (85), Capital Strength & Solvency (74), Operational Efficiency (78), Scale & Diversification (67). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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