Other Assets and Liabilities

6 Months Ended

Jun. 30, 2025

Other Assets and Liabilities [Abstract]

Other Assets and Liabilities

9. Other Assets and Liabilities

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

Other assets
(In thousands)	June 30, 2025		December 31, 2024
Loaned securities (Notes 5 and 6)	$	179,692	$	139,121
Company-owned life insurance (1)		113,529		110,968
Prepaid reinsurance premiums (2)		61,760		72,472
Other		53,694		53,370
Total other assets	$	408,675	$	375,931

(1)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.

(2)Relates primarily to our Single Premium QSR Program.

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

Other liabilities
(In thousands)	June 30, 2025		December 31, 2024
Amount payable under securities lending agreements (1)	$	164,529	$	125,723
Reinsurance funds withheld (2)		128,165		121,983
Payable for securities		34,218		—
Lease liability		33,784		37,442
Accrued compensation		31,321		55,971
Current federal income taxes		25,807		23,290
Other		72,341		67,147
Total other liabilities	$	490,165	$	431,556

(1)Represents the obligation to return cash collateral under our securities lending agreements. See Note 6 for additional information.

(2)Represents ceded premiums written held by Radian Guaranty to collateralize our reinsurers’ obligations primarily related to our Single Premium QSR Program. See Note 8 for additional information.