Loading...
•
Jun 30, 2022
Radian Q2 2022 Earnings Report
Net income and return on equity increased, defaults decreased, and Moody's upgraded Radian in Q2 2022.
Key Takeaways
Radian Group Inc. reported strong second-quarter results, with net income reaching $201.2 million, or $1.15 per diluted share. The company's primary mortgage insurance in force grew by 7.1% year-over-year, and new defaults were the lowest in over 20 years.
GAAP net income of $201 million, or $1.15 per diluted share.
Adjusted diluted net operating income of $1.36 per diluted share.
Primary mortgage insurance in force increases 7.1% year-over-year to $254 billion.
Return on equity of 19.9% and adjusted net operating return on equity of 23.6%.
Radian
Radian
Forward Guidance
This press release contains forward-looking statements regarding Radian's future performance and financial condition, which are subject to risks and uncertainties.