earnings
confidence high
sentiment positive
materiality 0.70
Radian Q2 net income $152M ($0.98/sh); revenue up 11% YoY to $321M; share buyback authorization raised to $900M
RADIAN GROUP INC
2024-Q2 EPS reported
$1.96
revenue$640,565,000
- Net income $152M (diluted EPS $0.98) vs $146M ($0.91) in Q2 2023; adjusted EPS $0.99.
- Total revenues $321M, up 11% YoY from $290M; net premiums earned $235M in mortgage insurance.
- Book value per share $29.66, up 12% YoY; return on equity 13.6%.
- Available Holding Company Liquidity $1.2B; share repurchase authorization increased to $900M through June 2026; $50M repurchased in Q2.
- New Insurance Written $13.9B; defaults 11,104; provision for losses negative $2M (benefit).