Radian Q2 net income $146M ($0.91/sh) vs $201M YoY; book value up 12%

RADIAN GROUP INC

2023-Q2 EPS reported $1.89 revenue$601,033,000

Net income $146M ($0.91 diluted EPS) vs $201M ($1.15) in Q2 2022; adjusted pretax operating income $184M ($0.91) vs $302M ($1.36).
Primary MI in force $266.9B, +5% YoY; PMIERs excess Available Assets $1.7B (41% over minimum).
Book value per share $26.51, +12% YoY; total holding company liquidity $1.3B; dividend $0.225/sh paid June 14.
NIW $16.9B vs $11.3B Q1 2023 and $18.9B Q2 2022; net MI premiums earned $211M vs $247M YoY.
Provision for losses benefit $22M vs $114M benefit YoY; homegenius revenues $15M vs $32M YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RADIAN GROUP INC reported the quarter ended June 30, 2023 results: net income $146 million, EPS $0.91 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $146 million
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

Radian Group Inc. (NYSE: RDN) today reported net income for the quarter ended June 30, 2023, of $146 million, or $0.91 per diluted share.

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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 0001157523-23-001245

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