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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
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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