Radian Q1 net income $158M ($0.98 EPS); book value per share up 10% YoY

RADIAN GROUP INC

2023-Q1 EPS reported $0.98 revenue$310,620,000

Net income $158M ($0.98 diluted EPS) vs $181M ($1.01) in Q1 2022; total revenues $311M (+6% YoY).
Primary MI in force $261.5B (+5% YoY); NIW $11.3B (down 36% YoY); persistency 82% (vs 68% last year).
Book value per share $26.23 (+10% YoY); PMIERs excess $1.7B (44% cushion); holding company liquidity $1.2B.
Dividend increased 12.5% to $0.225/quarter; bought back 716k shares in Q1, 229k in April.
homegenius segment revenues $13M (down from $34M YoY); adjusted pretax operating loss $23M.

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 0.99

RADIAN GROUP INC reported the quarter ended March 31, 2023 results: revenue $311 million, net income $158 million, EPS $0.98 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $311 million
Net income: $158 million
EPS: $0.98 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Results — Primary mortgage insurance in force increases 5% year-over-year to $261.5 billion — — Total revenues increase 6% year-over-year to $311 million — — Total holding company liquidity grows to $1.2 billion, including benefit from $100 million ordinary dividend paid by Radian Guaranty — — PMIERs excess Available Assets of

View on SEC.gov

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

RADIAN GROUP INC filing history →

Source: SEC EDGAR

accession 0001157523-23-000724

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.