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Radian Group history
Radian Group company history timeline
Radian is a privately held corporation founded by Glenn A. Mayfield in 1982.
In 1985 Radian Research began production of its first product, the RADIAN Metronic RM-10 Portable Watthour Standard.
In 1986 Radian Research introduced its first primary watthour standard, the RM-11.
Radian Group got its start in 1992 when CMAC Investment Corporation, a wholly owned subsidiary of Reliance Group Holdings, was spun off through an initial public offering in 1992.
The company's income grew quickly in 1992, increasing 70 percent over the previous year, to $21.8 million on revenues of $83.5 million.
"Our 1992 business growth resulted from strong refinancing activity and a significant increase in home purchase," said Miller in a corporate press release. "Despite a high level of cancellations due to refinancing, our primary insurance in force has grown by 9 percent to $17.1 billion at Dec.
Years of Growth for CMAC: 1993–99
1994: Frank Filipps succeeds Miller as president.
In 1995, Frank P. Filipps succeeded James Miller as president of the company upon the latter's retirement.
In 1996, as part of its ongoing mission to provide mortgage insurance to a greater population, CMAC partnered with the Navajo Nation and Fannie Mae to provide mortgage lending to Navajos living on Native American trust lands in the United States.
Income for 1996 rose 22 percent to $62.2 million, on revenues of $183.6 million.
Earnings also continued to climb in 1997, with income rising 20 percent to $75 million on revenues of $277 million.
In 1997, the company continued its expansion with the announcement that it would insure loans to those with less than an "A" credit rating in some instances.
1998: CMAC purchases Amerin Corporation for $606 million in stock.
Also in 2000, the company expanded its Internet offerings to provide even more e-commerce options to its customers and lenders.
Early in 2001, the company targeted the European market through a partnership with AGS Financial LLC, a New York mortgage advisory and investment banking firm.
In 2008 Radian expanded its facility to 30,000 square feet with a new Research and Development Laboratory coupled with new offices and break room.
In 2009 Radian Research, Inc. was recognized as one of the 50 Top Companies to Watch in the State of Indiana.
In 2011 Radian Research acquired 100% of Watthour Engineering Company (WECO) stock to combine the companies under one ESOP umbrella.
In 2012 Radian Research introduced a new portable meter test system, Bantam Plus.
In 2013 Radian Research formed a new business unit named WECO Software Solutions focused exclusively on providing meter test data management software to Electric Utility meter shops.
In 2014 WATT-Net™ Plus was introduced to the WATT-Net family.
In 2017, drawing on over 35 years of developing and manufacturing the best in class energy standards, Radian Research released their next generation energy reference standard -- the RX Xytronic Series.
In 2020 RADIAN launched and shipped six new product models including WECO 8000 Series Meter Qualification Boards, WECO 9000 Warm-up Board and WECO 9100 Time Run Board.
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Radian Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Primerica | 1977 | $602.0M | 2,104 | 71 |
| Navient | 2014 | $5.2B | 6,700 | 99 |
| Broadridge | 1962 | $6.5B | 10,000 | 1,109 |
| Access Bank | - | $298.0M | 28,121 | - |
| Global Atlantic Financial Group Limited | 2012 | $6.1B | 50 | 124 |
| Guy Carpenter | 1922 | $2.8B | 2,000 | - |
| America's Health Insurance Plans | 2003 | $70.1M | 216 | 7 |
| Teachers Insurance & Annuity Association of America | 1918 | $40.5B | 16,533 | 63 |
| Aspen Specialty Insurance | - | $850,000 | 7 | - |
| United Educators | 1987 | $300.0M | 6 | - |
Radian Group history FAQs
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Radian Group may also be known as or be related to Radian Group Inc, Radian Group Inc., RADIAN GROUP INC and Radian Group.