RADIAN GROUP INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
RDN$36.53+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
Table of ContentsGlossary
Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per-share amounts) | 2023 | 2022 | 2021 |
| Revenues | |||
| Net premiums earned (Note 8) | $919,578 | $981,131 | $1,037,183 |
| Services revenue (Note 4) | 46,092 | 92,216 | 125,825 |
| Net investment income (Note 6) | 258,430 | 195,658 | 147,909 |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(10,733), $(8,306) and $20,842) (Note 6) | 10,241 | (80,733) | 15,603 |
| Other income | 6,247 | 2,454 | 3,412 |
| Total revenues | 1,240,588 | 1,190,726 | 1,329,932 |
| Expenses | |||
| Provision for losses | (42,526) | (338,239) | 20,877 |
| Policy acquisition costs | 24,578 | 23,918 | 29,029 |
| Cost of services | 38,491 | 82,358 | 103,714 |
| Other operating expenses | 347,578 | 381,148 | 323,686 |
| Interest expense | 89,695 | 84,454 | 84,344 |
| Impairment of goodwill (Note 2) | 9,802 | — | — |
| Amortization of other acquired intangible assets | 5,483 | 4,308 | 3,450 |
| Total expenses | 473,101 | 237,947 | 565,100 |
| Pretax income | 767,487 | 952,779 | 764,832 |
| Income tax provision (Note 10) | 164,368 | 209,845 | 164,161 |
| Net income | $603,119 | $742,934 | $600,671 |
| Net income per share | |||
| Basic | $3.81 | $4.42 | $3.19 |
| Diluted | $3.77 | $4.35 | $3.16 |
| Weighted-average number of common shares outstanding—basic | 158,140 | 167,930 | 188,370 |
| Weighted-average number of common and common equivalent shares outstanding—diluted | 160,133 | 170,664 | 190,263 |
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