---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001621"
form_type: "8-K"
ticker: "RDN"
cik: "0000890926"
company_name: "RADIAN GROUP INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:29:17.834561+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001621
- form_type: 8-K
- ticker: RDN
- cik: 0000890926
- company_name: RADIAN GROUP INC
- filed_at: 2023-11-02T23:59:59+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/890926/000115752323001621/0001157523-23-001621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890926/000115752323001621/a53737952.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001621
- JSON: https://secwatch.observer/filing/0001157523-23-001621.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001621.txt

## Key facts
- Earnings Releases
  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
  source text: $1.20 per diluted share. Key Financial Highlights Quarter ended ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/890926/000115752323001621/0001157523-23-001621-index.htm

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