RDN · Radian Group Inc.

This 8-K/A amendment fulfills SEC requirements under Item 9.01 by providing Inigo Limited's audited consolidated financial statements for the year ended December 31, 2025, and unaudited pro forma condensed combined financial statements with Radian Group Inc. The acquisition significantly expands Radian's specialty insurance and reinsurance operations at Lloyd's of London, where Inigo underwrites business. Inigo's results show robust performance with $1.52 billion gross premiums written, $1.11 billion net earned premiums, and net claims incurred of $552 million, yielding a $191 million technical account balance and $215 million profit after investment income of $98 million. Balance sheet reflects $3.43 billion total assets, including $2.32 billion investments and $1.90 billion technical provisions, with shareholders' funds of $1.17 billion.

Pro forma statements illustrate post-acquisition impacts assuming the transaction occurred January 1, 2025, combining to $2.05 billion net premiums earned and $676 million pro forma net income ($4.77 diluted EPS on 141.6 million shares). Adjustments account for $1.67 billion consideration, preliminary purchase price allocation yielding $9 million goodwill and $591 million intangibles ($367 million amortizable, contributing $23 million annual amortization), plus financing costs from $200 million borrowings. Inigo's UK GAAP (FRS 102) statements were reclassified to US GAAP for combination. KPMG's qualified opinion notes no comparative data, prepared solely for SEC inclusion, with emphasis on UK GAAP differences from US GAAP. No revenue synergies or cost savings anticipated within 12 months post-closing. Final allocations remain preliminary, subject to measurement period refinements.