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Radian Group Inc (RDN)
:RDN
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.96Last Year’s EPS
1.03Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -4.15%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Radian Group reported a strong financial performance in 2024, with significant achievements in net income, book value per share, and capital returns to shareholders. The company successfully managed its operating expenses and maintained high persistency rates in its insurance portfolio. However, there were some challenges, including an increase in default inventory and impairment charges related to restructuring efforts in the HomeGenius business. Overall, the positive aspects of the earnings call outweigh the challenges.Company Guidance
During the Radian Group's fourth quarter 2024 earnings call, several key metrics were highlighted. The company reported a 9% increase in book value per share year over year, with net income reaching $604 million, equating to a return on equity of 13.4%. Radian returned $376 million to shareholders through share repurchases and dividends. The primary mortgage insurance in force hit an all-time high of $275 billion, aided by a high persistency rate of 83.6%. The company also exceeded its initial guidance for dividends from Radian Guaranty, distributing $675 million. Additionally, Radian's investment portfolio stood at $6.5 billion, generating a net investment income of $71 million in the fourth quarter. Operational efficiency was underscored by an 8% reduction in operating expenses year over year. The call also touched on the stable housing market outlook, supported by constrained housing supply and favorable interest rate conditions.Record Net Income and Return on Equity
Radian Group generated net income of $604 million for the full year 2024, with a return on equity of 13.4%.
Increase in Book Value Per Share
The company increased book value per share by 9% year over year, reaching $31.33.
All-Time High in Primary Mortgage Insurance In Force
Primary mortgage insurance in force reached an all-time high of $275 billion, growing 2% year over year.
Strong Capital Returns to Shareholders
Radian returned $376 million of capital to stockholders through share repurchases and dividends in 2024.
High Persistency Rate
The persistency rate of existing insurance in force remained high at 83.6% in the fourth quarter.
Reduction in Operating Expenses
Radian significantly reduced its recurring expense structure, with an 8% reduction in operating expenses year over year.
Strong Financial Position and Liquidity
Radian Guaranty maintained a PMIERs cushion of $2.2 billion and available holding company liquidity of $885 million.
Investment Portfolio Performance
Radian's investment portfolio generated net investment income of $71 million in the fourth quarter, with a yield of 3.9%.
Positive Credit Trends
Radian reported a net benefit of $2.2 million in its insurance provision for losses for the full year, with continued strong cure activity and low claim levels.
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RDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $34.23 | $33.61 | -1.81% |
| Nov 06, 2024 | $34.35 | $33.62 | -2.13% |
| Jul 31, 2024 | $36.59 | $35.11 | -4.04% |
| May 01, 2024 | $29.54 | $30.08 | +1.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Radian Group Inc (RDN) report earnings?
Radian Group Inc (RDN) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Radian Group Inc (RDN) earnings time?
Radian Group Inc (RDN) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDN EPS forecast?
RDN EPS forecast for the fiscal quarter 2025 (Q1) is 0.96.
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