Radian Q3 net income $157M ($0.98 EPS), down from $198M ($1.20) YoY; book value per share up 12% to $26.69

RADIAN GROUP INC

2023-Q3 EPS reported $2.86 revenue$914,566,000

Total revenues $314M, net premiums earned $237M; return on equity 15%.
Primary mortgage insurance in force $269.5B, up 4% YoY; persistency 84%; new defaults 11,156.
Adjusted diluted net operating income $1.04 per share vs $1.31 YoY; provision for losses benefit $8M.
Repurchased 1.9M shares for $50M in Q3; $230M remaining under buyback program.
Closed $353M ILN and $246M excess-of-loss reinsurance in Oct.; PMIERs cushion pro forma ~$2.2B.

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 0.9

RADIAN GROUP INC reported the quarter ended September 30, 2023 results: revenue $314, net income $157 million, EPS $0.98 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $314
Net income: $157 million
EPS: $0.98 per diluted share
Result: reported results

Exact text from the filing

$1.20 per diluted share. Key Financial Highlights Quarter ended ($ in millions, except per-share amounts) September 30, 2023 June 30, 2023 September 30, 2022 Total revenues (1) $314 $290 $296 Net income $157 $146 $198 Diluted net income per share $0.98 $0.91 $1.20 Consolidated pretax income $201 $183 $255 Adjusted pretax operating income (2) $210 $184 $273

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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 0001157523-23-001621

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