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Sep 30, 2020
Radian Q3 2020 Earnings Report
Radian reported net income with record new insurance written.
Key Takeaways
Radian Group Inc. reported a net income of $135.1 million, or $0.70 per diluted share, for the quarter ended September 30, 2020. The company also achieved a record volume of new primary mortgage insurance business of $33.3 billion and grew book value per share by 11% year-over-year.
GAAP net income of $135.1 million, or $0.70 per diluted share
New Insurance Written of $33.3 billion, setting a company record for quarterly flow mortgage insurance
Primary new defaults decreased 67.5% quarter-over-quarter to 20,508, with the default rate declining to 5.9%
PMIERs Available Assets of $4.5 billion, exceeding Minimum Required Assets by $970.3 million
Radian
Radian
Radian Revenue by Segment
Revenue by Segment
Mortgage Insurance Revenue
CapyFin.comAll Other Segment Revenue
CapyFin.com Forward Guidance
The company did not provide forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income