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Sep 30, 2022
Radian Q3 2022 Earnings Report
Radian's net income increased and return on equity improved, driven by strong credit performance and growth in the mortgage insurance portfolio.
Key Takeaways
Radian Group Inc. reported a strong third quarter with net income of $198.3 million, or $1.20 per diluted share, compared to $126.4 million, or $0.67 per diluted share, for the same quarter last year. The primary mortgage insurance in force portfolio grew over 7% year-over-year to $259 billion, and the company repurchased 9.5 million shares of common stock during the quarter.
GAAP net income was $198 million, or $1.20 per diluted share.
Adjusted diluted net operating income was $1.31 per diluted share.
Return on equity was 20.7% and adjusted net operating return on equity was 22.5%.
Primary mortgage insurance in force increased 7.3% year-over-year to $259 billion.
Revenue by Segment
Forward Guidance
Radian 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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