WAYNE, PA — Radian Group Inc. (NYSE: RDN) announced a strong performance for the first quarter of 2025, achieving key milestones in financial results, capital efficiency, and mortgage insurance operations. The company reported net income of $145 million, or $0.98 per diluted share, consistent with the same period last year.
The quarter was marked by an 11% year-over-year growth in book value per share, reaching $32.48 as of March 31, 2025. Primary mortgage insurance in force climbed to $274.2 billion, supported by favorable credit trends that drove the default rate down to 2.3%.
“We had a strong start to the year with excellent first quarter operating results for Radian. We increased book value per share by 11% year-over-year, generated net income of $145 million, and delivered a return on equity of 12.6%. Our primary mortgage insurance in force, which is the main driver of future earnings for our company, was $274 billion,” said Rick Thornberry, Radian’s Chief Executive Officer.
Operationally, the company reported net mortgage insurance premiums of $234 million, with persistency for the twelve months ended March 31, 2025, steady at 84%. Notably, Radian completed new insurance writings (NIW) of $9.5 billion during the quarter.
Radian continued to demonstrate its shareholder-focused approach by repurchasing $207 million in shares, representing over 4% of outstanding shares, and returning a total of $244 million to shareholders, including $37 million in dividends. The company also maintained strong liquidity, with $834 million in available liquidity at the holding company and total holding company liquidity of $1.1 billion.
During the quarter, Radian Guaranty distributed $200 million as a return of capital to Radian Group, further enhancing its ability to pay future dividends.
Looking ahead, Radian continues to leverage risk distribution strategies, securing agreements in April for new quota share reinsurance arrangements slated to support its mortgage insurance business through 2028.
With these results, Radian Group reinforces its position as a leader in mortgage insurance, delivering strong financial performance and shareholder value.
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