---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000724"
form_type: "8-K"
ticker: "RDN"
cik: "0000890926"
company_name: "RADIAN GROUP INC"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:49:17.466094+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000724
- form_type: 8-K
- ticker: RDN
- cik: 0000890926
- company_name: RADIAN GROUP INC
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890926/000115752323000724/0001157523-23-000724-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890926/000115752323000724/a53393255.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000724
- JSON: https://secwatch.observer/filing/0001157523-23-000724.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000724.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/890926/000115752323000724/0001157523-23-000724-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.