tiprankstipranks
Radian Group Shows Strong Q3 2024 Results
Company Announcements

Radian Group Shows Strong Q3 2024 Results

Radian Group Inc ( (RDN) ) has released its Q3 earnings. Here is a breakdown of the information Radian Group Inc presented to its investors.

Don't Miss our Black Friday Offers:

Radian Group Inc. is a company that provides mortgage insurance and a broad range of mortgage and real estate services, leveraging technology and data to enhance its offerings. In the third quarter of 2024, Radian reported a net income of $152 million, or $0.99 per diluted share, while achieving an 18% year-over-year growth in book value per share. The company also managed to return $86 million to shareholders through dividends and share repurchases. Key financial highlights include a return on equity of 13.2% and a reduction in the holding company debt-to-capital ratio to 18.5% after retiring $450 million in senior notes. Radian also maintained a strong liquidity position with $844 million available at the holding company level and excess PMIERs available assets of $2.1 billion. Looking ahead, Radian’s management remains focused on maintaining its strong capital and liquidity positions while continuing to grow its core mortgage insurance business and exploring new opportunities in the real estate and mortgage sectors.

Related Articles
TheFlyRadian reports Q3 adjusted EPS $1.03, consensus 91c
Austin AngeloRDN Upcoming Earnings Report: What to Expect?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App