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Mar 31, 2022
Radian Q1 2022 Earnings Report
Radian's first quarter performance was marked by increased net income and return on equity, driven by growth in primary mortgage insurance in force and a decline in defaulted loans.
Key Takeaways
Radian Group Inc. reported a strong first quarter in 2022, with net income reaching $181.1 million, or $1.01 per diluted share, up from $125.6 million, or $0.64 per diluted share in the same quarter of the previous year. The company saw growth in return on equity to 17.2 percent and book value per share to $23.75, alongside a more than 4 percent increase in primary mortgage insurance in force and a 49 percent decline in defaulted loans.
Net income for Q1 2022 was $181.1 million, or $1.01 per diluted share, compared to $125.6 million, or $0.64 per diluted share for Q1 2021.
Adjusted diluted net operating income was $1.17 per diluted share.
The provision for losses was $(83.8) million, favorably impacted by positive development on prior period defaults.
Return on equity was 17.2%, and adjusted net operating return on equity was 19.9%.
Forward Guidance
Radian did not provide forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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