Sector: Financials | Industry: Property & Casualty Insurance |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 550 East Swedesford Road, Suite 350 WAYNE PA 19087 |
Tel: | 1-215-2311383 |
Website: | https://www.radian.com |
IR: | See website |
Key People | ||
Richard G. Thornberry Chief Executive Officer, Director | Sumita Pandit Chief Financial Officer, Senior Executive Vice President | Derek V. Brummer President - Mortgage |
Mary C. Dickerson Senior Executive Vice President, Chief People and Operating Officer | Robert J. Quigley Executive Vice President, Chief Accounting Officer, Controller | Edward J. Hoffman Senior Executive Vice President, General Counsel, Corporate Secretary |
Brien J. Mcmahon Senior Executive Vice President, Chief Franchise Officer and Co-Head of Homegenius | Eric R. Ray Senior Executive Vice President, Chief Digital Officer and Co-Head of Homegenius |
Business Overview |
Radian Group Inc. is a diversified mortgage and real estate services company. The Company provides mortgage insurance and other products and services to the real estate and mortgage finance industries. The Company operates through its two business segments: Mortgage and homegenius. The Company's Mortgage segment aggregates, manages and distributes United States mortgage credit risk on behalf of mortgage lending institutions and mortgage credit investors, principally through private mortgage insurance on residential first-lien mortgage loans, and also provides other credit risk management, contract underwriting and fulfillment solutions. The Company's homegenius segment offers an array of title, real estate and technology products and services to consumers, mortgage lenders, mortgage and real estate investors, Government-sponsored enterprises (GSE) and real estate brokers and agents, and corporations for their employees. |
Financial Overview |
For the three months ended 31 March 2024, Radian Group Inc revenues increased 3% to $319.4M. Net income decreased 3% to $152.4M. Revenues reflect All Other segment increase of 37% to $34.4M. Net income was offset by Provision for losses decrease of 58% to $7M (income). Dividend per share increased from $0.23 to $0.25. Basic Earnings per Share excluding Extraordinary Items decreased from $1.00 to $0.99. |