Radian Q3 GAAP EPS $1.20 vs $0.67 YoY; adjusted EPS $1.31; ROE 20.7%

RADIAN GROUP INC

2022-Q3 EPS reported $3.34 revenue$876,002,000

GAAP net income $198.3M ($1.20/diluted share) vs $126.4M ($0.67) in Q3 2021; adjusted diluted net operating income $1.31/share.
Return on equity 20.7% (11.8% YoY); adjusted net operating ROE 22.5% (11.8% YoY).
Year-to-date through Oct 31 repurchased 19.5M shares (11.1% of outstanding).
Primary MI in force $259B (+7.3% YoY); default rate improved to 2.1% from 3.4%.
Provision for losses was a $97.5M benefit vs $16.8M expense in prior year; NIW declined to $17.6B from $26.6B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RADIAN GROUP INC reported quarter ended September 30, 2022 results: net income $198.3 million, or $1.20 per diluted share, EPS $1.20 per diluted share.

Period: quarter ended September 30, 2022
Net income: $198.3 million, or $1.20 per diluted share
EPS: $1.20 per diluted share
Result: reported results

Exact text from the filing

On November 2, 2022, Radian Group Inc. (“Radian”) issued a news release announcing its financial results for the quarter ended September 30, 2022.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001157523-22-001502

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