RADIAN GROUP INC
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
RDN$36.76+0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations (Unaudited)
| Three Months EndedMarch 31, | ||
|---|---|---|
| (In thousands, except per-share amounts) | 2024 | 2023 |
| Revenues | ||
| Net premiums earned (Note 8) | $235,857 | $233,238 |
| Services revenue (Note 4) | 12,588 | 10,984 |
| Net investment income (Note 6) | 69,221 | 58,453 |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(3,682) and $(5,506)) (Note 6) | 490 | 5,585 |
| Other income | 1,262 | 1,592 |
| Total revenues | 319,418 | 309,852 |
| Expenses | ||
| Provision for losses (Note 11) | (7,034) | (16,929) |
| Policy acquisition costs | 6,794 | 6,293 |
| Cost of services | 9,327 | 10,398 |
| Other operating expenses | 82,636 | 83,269 |
| Interest expense (Note 12) | 29,046 | 21,439 |
| Amortization of other acquired intangible assets | — | 1,371 |
| Total expenses | 120,769 | 105,841 |
| Pretax income | 198,649 | 204,011 |
| Income tax provision | 46,295 | 46,254 |
| Net income | $152,354 | $157,757 |
| Net income per share | ||
| Basic | $0.99 | $1.00 |
| Diluted | $0.98 | $0.98 |
| Weighted average number of common shares outstanding—basic | 153,817 | 158,304 |
| Weighted average number of common and common equivalent shares outstanding—diluted | 155,971 | 161,349 |
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