Radian Group Inc. reported a strong fourth quarter and full year 2019, with net income for the quarter ended December 31, 2019, of $161.2 million, or $0.79 per diluted share, and adjusted diluted net operating income per share for the fourth quarter of $0.86. The company's MI in force increased 9% year-over-year to $240.6 billion.
Net income for the quarter ended December 31, 2019, was $161.2 million, or $0.79 per diluted share.
Adjusted diluted net operating income per share for the fourth quarter of $0.86, an increase of 23% year-over-year.
NIW was $20.0 billion for the fourth quarter.
Total primary mortgage insurance in force as of December 31, 2019, grew to $240.6 billion, an increase of 9% compared to December 31, 2018.
The company remains focused on optimizing its capital position, enhancing its return on capital, and increasing its financial flexibility.
Visualization of income flow from segment revenue to net income