Loading...
•
Mar 31, 2023
Radian Q1 2023 Earnings Report
Net income and revenues decreased while primary mortgage insurance in force and book value per share increased.
Key Takeaways
Radian Group Inc. reported a solid first quarter in 2023, marked by a 10% increase in book value per share and a 5% rise in primary mortgage insurance in force, although net income decreased to $158 million from $181 million in the same period last year.
Primary mortgage insurance in force increased 5% year-over-year to $261.5 billion.
Total revenues increased 6% year-over-year to $311 million.
Total holding company liquidity grew to $1.2 billion.
GAAP net income was $158 million, or $0.98 per diluted share.
Forward Guidance
Radian Guaranty anticipates paying between $200 million and $300 million in additional ordinary dividends to Radian Group during the remainder of 2023, based on current performance expectations.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...