Radian Group (RDN) Tops Q1 EPS by 42c

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Go back to Radian Group (RDN) Tops Q1 EPS by 42c

Radian Announces First Quarter 2022 Financial Results

May 3, 2022 4:30 PM EDT

-- GAAP net income of $181 million, or $1.01 per diluted share --

-- Adjusted diluted net operating income of $1.17 per diluted share --

-- Provision for losses of $(83.8) million in the first quarter of 2022 favorably impacted by positive development on prior period defaults --

-- Return on equity of 17.2% and adjusted net operating return on equity of 19.9% --

-- PMIERs excess Available Assets of $1.6 billion (or 44% over the Minimum Required Assets) --

--Total holding... More