v3.26.1
Share-Based Compensation Programs - Schedule of Roll forward of RSUs (Details)
 6 Months Ended
Jun. 30, 2026
$ / shares
shares
Performance-Based  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Outstanding, Beginning Balance (in shares) | shares 2,495,801 [1]
Outstanding, Beginning Balance (in usd per share) | $ / shares $ 24.61 [1]
Granted (in shares) | shares 867,710 [2]
Granted (in usd per share) | $ / shares $ 36.45 [2]
Performance adjustment (in shares) | shares 309,892 [3]
Performance adjustment (in usd per share) | $ / shares $ 0 [3]
Vested (in shares) | shares (982,459) [4]
Vested (in usd per share) | $ / shares $ 21.42 [4]
Forfeited (in shares) | shares (76,827)
Forfeited (in usd per share) | $ / shares $ 30.44
Outstanding, Ending Balance (in shares) | shares 2,614,117 [1],[5]
Outstanding, Ending Balance (in usd per share) | $ / shares $ 29.44 [1],[5]
Time-Vested  
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]  
Outstanding, Beginning Balance (in shares) | shares 1,334,770 [1]
Outstanding, Beginning Balance (in usd per share) | $ / shares $ 23.94 [1]
Granted (in shares) | shares 1,139,011 [2]
Granted (in usd per share) | $ / shares $ 35.05 [2]
Vested (in shares) | shares (560,867) [4]
Vested (in usd per share) | $ / shares $ 25.78 [4]
Forfeited (in shares) | shares (35,673)
Forfeited (in usd per share) | $ / shares $ 33.18
Outstanding, Ending Balance (in shares) | shares 1,877,241 [1],[5]
Outstanding, Ending Balance (in usd per share) | $ / shares $ 29.95 [1],[5]
[1] Outstanding RSUs represent shares that have not yet been issued because not all conditions necessary to earn the right to benefit from the instruments have been satisfied. For performance-based awards, the final number of RSUs distributed depends on: (i) the cumulative growth in Radian’s book value per share adjusted for certain defined items over the respective three-year performance period and, for the performance-based RSUs granted starting in 2023, a modifier based on our relative total shareholder return performance and (ii) with the exception of certain retirement-eligible employees, continued service through the vesting date, which could result in changes to the number of vested RSUs.
[2] For performance-based RSUs, amount represents the number of target shares at grant date
[3] For performance-based RSUs, amount represents the difference between the number of shares vested at settlement, which can range from 0 to 200% of target depending on results over the applicable performance periods and the number of target shares at the grant date.
[4] Represents amounts vested during the period, including the impact of performance adjustments for performance-based awards.
[5] Includes 117 thousand performance-based shares and 71 thousand time-vested shares granted to employees in our Mortgage Conduit, Title and Real Estate Services businesses, which are presented as discontinued operations.