secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001157523-23-001621
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000115752323001621/0001157523-23-001621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000115752323001621/a53737952.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001621

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