Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Radian Group (NYSE: RDN) and its peers.

Property & Casualty (P&C) insurers protect individuals and businesses against financial loss from damage to property or from legal liability. This is a cyclical industry, and the sector benefits when there is 'hard market', characterized by strong premium rate increases that outpace loss and cost inflation, resulting in robust underwriting margins. The opposite is true in a 'soft market'. Interest rates also matter, as they determine the yields earned on fixed-income portfolios. On the other hand, P&C insurers face a major secular headwind from the increasing frequency and severity of catastrophe losses due to climate change. Furthermore, the liability side of the business is pressured by 'social inflation'—the trend of rising litigation costs and larger jury awards.

The 37 property & casualty insurance stocks we track reported a strong Q4. As a group, revenues beat analysts’ consensus estimates by 5%.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Radian Group (NYSE: RDN)

Founded during the housing boom of 1977 and weathering multiple real estate cycles since, Radian Group (NYSE: RDN) provides mortgage insurance and real estate services, helping lenders manage risk and homebuyers achieve affordable homeownership.

Radian Group reported revenues of $300.5 million, down 9.9% year on year. This print fell short of analysts’ expectations by 0.6%. Overall, it was a slower quarter for the company with a slight miss of analysts’ revenue estimates and a narrow beat of analysts’ EPS estimates.

“We delivered a strong year in 2025, driven by the consistent performance of our mortgage insurance business and the disciplined way we manage risk and capital. Just as importantly, we took meaningful steps to shape our company for the future – simplifying our focus and acquiring Inigo to expand our reach as a global multi-line specialty insurer,” said Radian’s Chief Executive Officer, Rick Thornberry.

Interestingly, the stock is up 7.3% since reporting and currently trades at $34.69.

Read our full report on Radian Group here, it’s free.

Best Q4: HCI Group (NYSE: HCI)

Starting as a Florida "take-out" insurer that assumed policies from the state-backed Citizens Property Insurance Corporation, HCI Group (NYSE: HCI) provides property and casualty insurance, primarily homeowners coverage, while leveraging proprietary technology to improve underwriting and claims processing.

HCI Group reported revenues of $246.2 million, up 52.1% year on year, outperforming analysts’ expectations by 3.8%. The business had an incredible quarter with a solid beat of analysts’ book value per share estimates and a beat of analysts’ EPS estimates.

The market seems happy with the results as the stock is up 6.7% since reporting. It currently trades at $174.51.

Is now the time to buy HCI Group? Access our full analysis of the earnings results here, it’s free.

Weakest Q4: Old Republic International (NYSE: ORI)

Founded during the Roaring Twenties in 1923 and weathering nearly a century of economic cycles, Old Republic International (NYSE: ORI) is a diversified insurance holding company that provides property, liability, title, and mortgage guaranty insurance through its various subsidiaries.

Old Republic International reported revenues of $2.36 billion, up 9.5% year on year, exceeding analysts’ expectations by 1.6%. Still, it was a softer quarter as it posted a significant miss of analysts’ EPS estimates and a significant miss of analysts’ book value per share estimates.

As expected, the stock is down 1.3% since the results and currently trades at $42.55.

Read our full analysis of Old Republic International’s results here.

Enact Holdings (NASDAQ: ACT)

Playing a critical role in helping first-time homebuyers access the housing market, Enact Holdings (NASDAQ: ACT) provides private mortgage insurance that enables lenders to offer home loans with lower down payments while protecting against borrower defaults.

Enact Holdings reported revenues of $315.6 million, up 2.1% year on year. This result met analysts’ expectations. It was a strong quarter as it also put up a beat of analysts’ EPS estimates.

The stock is up 5% since reporting and currently trades at $42.36.

Read our full, actionable report on Enact Holdings here, it’s free.

Erie Indemnity (NASDAQ: ERIE)

Operating under a unique business model dating back to 1925, Erie Indemnity (NASDAQ: ERIE) serves as the attorney-in-fact for Erie Insurance Exchange, managing policy issuance, claims handling, and investment services for this reciprocal insurer.

Erie Indemnity reported revenues of $951 million, up 2.9% year on year. This print missed analysts’ expectations by 2.5%. In spite of that, it was a very strong quarter as it put up a beat of analysts’ EPS estimates.

The stock is up 3.2% since reporting and currently trades at $272.23.

Read our full, actionable report on Erie Indemnity here, it’s free.

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