Radian Group Inc ( (RDN) ) has released its Q4 earnings. Here is a breakdown of the information Radian Group Inc presented to its investors.
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Radian Group Inc. is a company that provides mortgage insurance and real estate services, operating primarily in the housing and capital markets sector. The company is recognized for its innovative approach to transforming risk into opportunity through its diverse range of services and technologies.
In its latest earnings report, Radian Group Inc. revealed a robust financial performance for both the fourth quarter and full year of 2024. The company achieved a fourth-quarter net income of $148 million, or $0.98 per diluted share, and a full-year net income of $604 million, or $3.92 per diluted share. The report also highlighted a significant increase in primary mortgage insurance in force, reaching a record $275.1 billion.
Key financial metrics included a return on equity of 13.4% for the full year and an impressive 9% growth in book value per share year-over-year, reaching $31.33. Radian also returned $376 million of capital to stockholders in the form of dividends and share repurchases. Additionally, the company maintained a strong liquidity position with $885 million in available liquidity as of year-end 2024.
Strategically, Radian continued to focus on enhancing its high-quality mortgage insurance portfolio and managing expenses effectively. The company also benefited from favorable reserve development on prior period defaults and maintained a low loss ratio of 0% in the fourth quarter. Furthermore, Radian’s mortgage insurance premiums remained stable, contributing to its consistent revenue stream.
Looking ahead, Radian’s management is optimistic about the opportunities in 2025, emphasizing the economic value of its mortgage insurance and investment portfolios. The company is well-positioned to continue delivering value to its stockholders while supporting growth in the housing market.
