Corporate Responsibility
At Radian, we've embraced a corporate responsibility program that is meaningful for our company, our employees, customers, stockholders and other stakeholders, and the communities where we live and work. It supports our commitment to diversity, equity and inclusion, environmental health and safety, corporate social responsibility, talent development and employee engagement, corporate governance, and other public policy matters. Most importantly, we share in a common purpose and commitment to ethics, philanthropy, environmental sustainability, and a diverse, equitable and inclusive workplace.
Our Strategic Corporate Objectives
At Radian, we are committed to ensuring the American dream of homeownership in an affordable, responsible and sustainable way, through products and services that span the mortgage and real estate spectrum.
Strategic Execution
Leverage innovative business models and operational excellence to drive increased stockholder value by developing and pursuing growth opportunities across the mortgage and real estate markets.
- Leverage our market presence and brand recognition to expand distribution of our diversified products and services across existing and new customers
- Continue to grow the economic value of our insured mortgage portfolio by writing high-value NIW leveraging riskadjusted pricing and informed by data and analytics
- Continue to drive improved operating performance, including through the use of data, analytics and technology as a strategic differentiator
- Continue to build the homegenius brand and to position our title, real estate and technology products and services for long-term growth in revenues and value contribution
- Leverage our industry knowledge, core competencies and market position to develop opportunities to expand our mortgage market presence by deploying a secondary-market mortgage conduit
Risk Management
Maintain a well-defined risk culture with a strong comprehensive enterprise risk management framework and risk/return discipline.
Capital Liquidity
Optimize our capital and liquidity position to ensure compliance with the capital requirements imposed by regulators and government-sponsored enterprises (GSEs), increase our strategic financial flexibility and support our strategic growth and diversification plans.
Human Capital Management
Maximize the power of our Radian team and continue to broaden our Environmental, Social and Governance program by: maintaining our commitment to good corporate governance; enhancing our inclusiveness and diversity; fostering a values-based culture and enhancing reporting and disclosure with a particular focus on climate change, DEI, future of work/human capital management, business continuity and resilience.
Corporate Responsibility Report
Radian is committed to corporate responsibility and the Environmental, Social and Governance (ESG) initiatives that support our employees, customers, stockholders and communities. In this report we identify how ESG practices have influenced our strategic objectives and our commitment as a responsible corporate citizen to do what's right. We are committed to supporting ESG and corporate responsibility initiatives and integrating them into our culture and strategic priorities. We believe these commitments support our employees, customers, environment, stockholders, local communities and other stakeholders. These initiatives are integrated into our culture and our strategic priorities, and we are committed to reporting our progress in a clear and transparent manner.
The CRR contains disclosure of relevant ESG information pertaining to Radian's business, as well as metrics included in the International Financial Reporting Standard’s (IFRS) Sustainability Accounting Standards Board (SASB) standards for the Insurance industry. We have aligned our ESG disclosure and initiatives to the Task Force on Climate-Related Financial Disclosure (TCFD) framework for climate strategy, oversight and risk management. In the Report, we also identify how our ESG practices help contribute to the United Nations Sustainable Development Goals (UNSDGs). Our ESG efforts are further supported by our Diversity, Equity and Inclusion (DEI) initiatives that are outlined in our DEI Report.
"Radian remains committed to supporting and improving the social responsibility, environmental and sustainability and governance practices that are well integrated into our values, culture and strategic priorities."
Emily Riley, EVP, Chief Marketing and Communications Officer and Co-Leader of the ESG Committee
"We believe our commitment to ESG and corporate responsibility initiatives serves our employees, customers, stockholders, local communities and other stakeholders."
Terri Perry, Assistant Vice President, ESG Engagement and Financial Communications
"We delivered on our core mission in 2022, to ensure that borrowers ready to own a home could afford to do so. During the year, we helped more than 220,000 families buy a home or refinance to lower their monthly mortgage payments."
Rick Thornberry, Chief Executive Officer
We'd Like to Hear From You
We value feedback from our stakeholders as we continue to enhance our ESG program to drive long-term business performance and societal impact. Please contact us at CorporateResponsibility@radian.com for any additional information or questions you may have regarding our ESG strategy and programs.