RADIAN GROUP INC

All Other activities include: (i) income (losses) from assets held by Radian Group, our holding company; (ii) related general corporate operating expenses not attributable or allocated to our reportable segments; and (iii) certain new business opportunities and other immaterial activities, the majority of which are currently activities associated with our mortgage conduit business conducted through Radian Mortgage Capital.

In 2022, we launched Radian Mortgage Capital to expand our capabilities to participate in the mortgage market to aggregate, manage and distribute residential credit risk. Radian Mortgage Capital, a mortgage conduit, acquires residential mortgage loans with the intention of then either selling the loans directly to mortgage investors, including the GSEs, or distributing them into the capital markets through private label securitizations, with the option to retain and manage structured components of the underlying credit risk. Radian Mortgage Capital is licensed in 49 states and the District of Columbia and positioned to purchase and hold residential mortgages and servicing rights on a nationwide basis.

In light of current market conditions, we have been measured in our approach with our mortgage conduit. Radian Mortgage Capital purchased $221 million and $4 million of mortgage loans during 2023 and 2022, respectively, and, to date, has only executed the distribution of loans through whole loan sales. Subject to market conditions, Radian Mortgage Capital

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also expects to distribute the loans into the capital markets through private label securitizations in the future. As of December 31, 2023 and 2022, Radian Mortgage Capital owned $33 million and $4 million, respectively, of mortgage loans held for sale. See Note 7 of Notes to Consolidated Financial Statements for additional details.

See Note 4 of Notes to Consolidated Financial Statements for additional information regarding the basis of our segment reporting, including the related allocations.