secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000724
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000115752323000724/0001157523-23-000724-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000115752323000724/a53393255.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000724

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