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Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, is a leading provider of private mortgage insurance (MI) and related risk management products and services across the United States. Through its principal operating subsidiary, Radian Guaranty Inc., the company offers essential services that promote and preserve homeownership opportunities. By offering mortgage insurance, Radian protects lenders from default-related losses on residential first mortgages and facilitates the sale of low-downpayment mortgages in the secondary market.
Beyond mortgage insurance, Radian Group extends its services to analytics and consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities, including other asset-backed securities. This comprehensive approach positions Radian as a crucial player in the real estate and mortgage finance industries.
Radian Group operates primarily in two segments: Mortgage and homegenius. The Mortgage segment, which accounts for the majority of the company’s revenue, includes mortgage insurance and related services. The homegenius segment encompasses real estate services and analytics, offering innovative solutions designed to assist in the buying, selling, and management of real estate assets.
The company remains financially robust, with insurance premiums contributing to more than three-fourths of its revenue. Radian also gains revenue from services and investment income, ensuring a diversified income stream. Recent achievements and current projects underscore Radian’s commitment to enhancing its service offerings and expanding its market reach.
For more information and the latest updates, connect with Radian Group Inc. through their various social media channels: Watch their videos on YouTube, visit their Facebook page, follow job postings and career information at Radian Careers, and join their LinkedIn group at Radian Careers.
Radian Group reported a fourth quarter net income of $193 million ($1.07 per diluted share) for 2021, up from $148 million in Q4 2020. The full year net income reached $601 million ($3.16 per diluted share), compared to $393 million in 2020. New insurance written (NIW) totaled $92 billion for the year, the second highest in the company's history. Homegenius revenues surged 45% to $149 million. Book value per share rose 9% year-over-year to $24.28. The company repurchased $399 million of its stock in 2021 and announced a quarterly dividend increase of 43% in February 2022.
Radian Group Inc. (NYSE: RDN) announced a 43% increase in its quarterly dividend, raising it to
The Radian Home Price Index (HPI) reported a 15.9% annualized increase in national home prices from November to December 2021, marking ten consecutive months of over 10% appreciation. For the full year, the HPI rose 14.2%, almost double the 8.0% percent increase seen in 2020. The median estimated home price reached $307,022. The market is characterized by low supply and high demand, with December reporting only 708,000 active listings, the lowest since 2007.
Radian Group Inc. (NYSE: RDN) will hold a conference call on February 23, 2022, at 10:00 a.m. Eastern time to discuss its fourth quarter and year-end 2021 results. The results will be announced after the market closes on February 22, 2022. Investors can join the call via the Internet at Radian's webcast or by dialing 800.447.0521 (U.S.) or 847.413.3238 (international) with passcode 50275325. A digital replay will be available for two weeks following the call.
Radian Group Inc. (NYSE:RDN) announced that CEO Rick Thornberry has joined the Board of Directors of the Opens Doors Foundation, supporting families with critically ill children. Radian has a history of backing charitable initiatives, contributing $400,000 to partner with the Children’s Hospital of Philadelphia and raising significant funds through various campaigns. Thornberry aims to further Radian's commitment to homeownership and community support. The company encourages employee involvement in charity through its Corporate Citizenship Program, reinforcing its community commitment.
The Radian Home Price Index (HPI) indicates that U.S. home prices rose at an annualized rate of 17.1% from October to November 2021. The national median home price surpassed
Radian Group's October Home Price Index (HPI) data reveals a 17.3% annual rise, slightly down from September’s 17.6%. The median U.S. home price increased to $298,748, up over $30,000 since the start of 2021. Despite a slight slowdown in appreciation rates, the 12-month HPI growth reached a record 12.9%. Although the count of actively listed homes is at a historic low, closed sales in October remain strong, marking the second-highest monthly sales count. The South region leads in appreciation, with Idaho showing over 30% growth year-over-year.
Radian Group Inc. (NYSE: RDN) has announced a quarterly dividend of $0.14 per share, set to be paid on December 3, 2021, to shareholders on record as of November 22, 2021. This decision reflects the company's commitment to providing income to its shareholders while maintaining a strong position in the mortgage and real estate services industry. Radian aims to support homeownership through comprehensive financial products and services powered by technology and data.
Radian Group Inc. (NYSE: RDN) announced that its subsidiary, Radian Guaranty Inc., secured $484 million in fully collateralized excess of loss reinsurance from Eagle Re 2021-2 Ltd. This coverage pertains to mortgage insurance policies written predominantly from January 1, 2021 to July 31, 2021. Eagle Re, a Bermuda-based insurer, issued five classes of mortgage insurance-linked notes to fund this reinsurance, with ratings assigned by Moody’s and DBRS, Inc.
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