RADIAN GROUP INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
RDN$36.53+1.6%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| (In thousands, except per-share amounts) | 2024 | 2023 | 2022 |
| Revenues | |||
| Net premiums earned (Note 8) | $951,283 | $919,578 | $981,131 |
| Services revenue (Note 4) | 50,270 | 46,092 | 92,216 |
| Net investment income (Note 6) | 292,693 | 258,430 | 195,658 |
| Net gains (losses) on investments and other financial instruments (includes net realized gains (losses) on investments of $(10,510), $(10,733) and $(8,306)) (Note 6) | (10,114) | 10,241 | (80,733) |
| Income (loss) on consolidated VIEs (Note 7) | (2) | — | — |
| Other income | 6,153 | 6,247 | 2,454 |
| Total revenues | 1,290,283 | 1,240,588 | 1,190,726 |
| Expenses | |||
| Provision for losses (Note 11) | (2,514) | (42,526) | (338,239) |
| Policy acquisition costs | 27,316 | 24,578 | 23,918 |
| Cost of services | 38,271 | 38,491 | 82,358 |
| Other operating expenses | 347,906 | 347,578 | 381,148 |
| Interest expense (Note 12) | 108,014 | 89,695 | 84,454 |
| Impairment of goodwill | — | 9,802 | — |
| Amortization of other acquired intangible assets | — | 5,483 | 4,308 |
| Total expenses | 518,993 | 473,101 | 237,947 |
| Pretax income | 771,290 | 767,487 | 952,779 |
| Income tax provision | 166,850 | 164,368 | 209,845 |
| Net income | $604,440 | $603,119 | $742,934 |
| Net income per share | |||
| Basic | $3.96 | $3.81 | $4.42 |
| Diluted | $3.92 | $3.77 | $4.35 |
| Weighted average number of common shares outstanding—basic | 152,465 | 158,140 | 167,930 |
| Weighted average number of common and common equivalent shares outstanding—diluted | 154,191 | 160,133 | 170,664 |
Consolidated Statements of Comprehensive Income
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