Radian layoffs, on the record
Every job cut, severance charge and restructuring Radian reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 1,100 to approximately 1,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 1,100 | December 31, 2023 |
| 10-K for 2024 | approximately 1,000 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryRadian took workforce steps to align its mortgage insurance business with current and expected needs, lowering base salary expenses.
Word for word“The decrease in other operating expenses for 2023 as compared to 2022 reflects: (i) a decrease in salaries and other base employee expenses, driven primarily by steps taken to align our workforce to the current and expected needs of this business and (ii) a decrease in other general operating expenses in 2023, as a result of additional expense saving actions implemented in 2023.” 10-K for 2023
Our summaryRadian made additional headcount reductions in its homegenius segment in response to a challenging macroeconomic environment, incurring severance expense.
Word for word“Included in the results for 2023 are severance expenses of $2 million related to additional reductions in headcount in response to the ongoing challenging macroeconomic environment for the homegenius segment’s products and services, as compared to $6 million of severance expense in 2022.” 10-K for 2023
Our summaryThe filing reports an increase in severance related expenses in Mortgage Insurance other operating expenses, incurred primarily in the first half of 2024.
Word for word“These items were partially offset by: (i) an increase in severance related expenses, incurred primarily in the first half of the year and (ii) an increase in performance-based variable compensation in 2024.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $17.3 million | $6.8 million |
| 2018-12-31 | $2.5 million | $2 million |
Radian filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Radian’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.