The following table provides the components of other assets as of the dates indicated.


Other assets



(In thousands)	March 31, 2026		December 31, 2025
Prepaid reinsurance premiums (1)	$	198,145	$	53,331
Company-owned life insurance (2)		101,841		102,323
Loaned securities (Notes 6 and 7)		98,612		141,878
Tax recoverables		30,679		1,192
Property and equipment, net		23,629		17,165
Other		51,441		35,448
Total other assets	$	504,347	$	351,337

(1)

Relates to our Specialty QSR Program, Specialty XOL Program and Mortgage QSR Program.

(2)

We are the beneficiary of insurance policies on the lives of certain of our current and past officers and employees. The balances reported in other assets reflect the amounts that could be realized upon surrender of the insurance policies as of each respective date.

The following table provides the components of other liabilities as of the dates indicated.


Other liabilities



(In thousands)	March 31, 2026		December 31, 2025
Reinsurance payables (1)	$	192,534	$	10,957
Current federal and foreign income taxes (2)		128,705		34,772
Reinsurance funds withheld (3)		126,112		123,866
Amount payable under securities lending agreements (4)		77,166		62,212
Tax and license fees payable		34,139		7,420
Accrued compensation		33,581		48,257
Lease liability		33,443		22,120
Other		72,309		56,866
Total other liabilities	$	697,989	$	366,470

(1)

Primarily relates to ceded premiums payable to reinsurers for our Specialty reinsurance programs.

(2)

Current federal and foreign income taxes primarily reflect income taxes for the current year, including amounts related to uncertain tax positions. See Note 10 for additional information.

(3)

Primarily represents ceded premiums written held by Radian Guaranty to collateralize our reinsurers’ obligations related to our Mortgage QSR Program. See Note 8 for additional information.

(4)

Represents the obligation to return cash collateral under our securities lending agreements. See Note 7 for additional information.