Radian Group Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 04:30 pm EST
Share
Radian Group Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 328.64 million compared to USD 314.72 million a year ago. Net income was USD 142.69 million compared to USD 162.33 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 1.03 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 1.01 a year ago.
For the full year, revenue was USD 1,240.59 million compared to USD 1,190.73 million a year ago. Net income was USD 603.12 million compared to USD 742.93 million a year ago. Basic earnings per share from continuing operations was USD 3.81 compared to USD 4.42 a year ago. Diluted earnings per share from continuing operations was USD 3.77 compared to USD 4.35 a year ago.
Radian Group Inc. is a diversified mortgage and real estate services company. The Company provides mortgage insurance and other products and services to the real estate and mortgage finance industries. The Company operates through its two business segments: Mortgage and homegenius. The Companyâs Mortgage segment aggregates, manages and distributes United States mortgage credit risk on behalf of mortgage lending institutions and mortgage credit investors, principally through private mortgage insurance on residential first-lien mortgage loans, and also provides other credit risk management, contract underwriting and fulfillment solutions. The Company's homegenius segment offers an array of title, real estate and technology products and services to consumers, mortgage lenders, mortgage and real estate investors, Government-sponsored enterprises (GSE) and real estate brokers and agents, and corporations for their employees.