• Radian Group average debt/equity ratio for 2023 was 0.38, a 5% increase from 2022.
• Radian Group average debt/equity ratio for 2022 was 0.4, a 8.11% decline from 2021.
• Radian Group average debt/equity ratio for 2021 was 0.37, a 2.78% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.