RADIAN GROUP INC
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 2024
RDN$36.76+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| (In thousands, except per-share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues | ||||
| Net premiums earned (Note 8) | $239,133 | $240,262 | $712,721 | $686,929 |
| Services revenue (Note 4) | 12,167 | 10,892 | 38,020 | 33,673 |
| Net investment income (Note 6) | 78,396 | 67,805 | 221,383 | 189,606 |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $2,409, $(2,775), $(4,292) and $(11,636)) (Note 6) | 2,174 | (8,555) | (1,823) | (3,206) |
| Income (loss) on consolidated VIEs (Note 7) | 465 | — | 465 | — |
| Other income | 1,522 | 2,109 | 3,656 | 4,942 |
| Total revenues | 333,857 | 312,513 | 974,422 | 911,944 |
| Expenses | ||||
| Provision for losses (Note 11) | 6,889 | (8,135) | (1,890) | (46,696) |
| Policy acquisition costs | 6,724 | 6,920 | 20,040 | 18,431 |
| Cost of services | 9,542 | 8,886 | 28,404 | 29,541 |
| Other operating expenses | 85,919 | 79,206 | 260,203 | 252,360 |
| Interest expense (Note 12) | 29,391 | 23,282 | 85,501 | 66,526 |
| Amortization of other acquired intangible assets | — | 1,371 | — | 4,112 |
| Total expenses | 138,465 | 111,530 | 392,258 | 324,274 |
| Pretax income | 195,392 | 200,983 | 582,164 | 587,670 |
| Income tax provision | 43,500 | 44,401 | 126,015 | 127,244 |
| Net income | $151,892 | $156,582 | $456,149 | $460,426 |
| Net income per share | ||||
| Basic | $1.00 | $0.99 | $2.98 | $2.90 |
| Diluted | $0.99 | $0.98 | $2.95 | $2.86 |
| Weighted average number of common shares outstanding—basic | 151,846 | 158,461 | 153,199 | 158,992 |
| Weighted average number of common and common equivalent shares outstanding—diluted | 153,073 | 160,147 | 154,607 | 160,869 |
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
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