Radian Group Q2 2023 Earnings Report

Radian Group EPS Results

• Actual EPS: $0.91
• Consensus EPS: $0.76
• Beat/Miss: Beat by +$0.15
• One Year Ago EPS: N/A

Radian Group Revenue Results

• Actual Revenue: $278.85 million
• Expected Revenue: $289.10 million
• Beat/Miss: Missed by -$10.25 million
• YoY Revenue Growth: N/A

Radian Group Announcement Details

• Quarter: Q2 2023
• Date: 8/2/2023
• Time: N/A

Radian Group (NYSE:RDN), together with its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates through two segments, Mortgage Insurance and Homegenius segments. The Mortgage Insurance segment aggregates, manages, and distributes U.S. mortgage credit risk for mortgage lending institutions and mortgage credit investors, through private mortgage insurance on residential first-lien mortgage loans; and other credit risk management solutions, including contract underwriting. The Homegenius segment offers title services, including a suite of insurance and non-insurance titles; tax and title data, centralized recording, document retrieval, and default curative title services; deed and property reports; closing and settlement services; mortgage underwriting and processing; escrow; appraisal management; and real estate brokerage. This segment also provides real estate valuation products and services; asset management services for managing real estate owned properties, which includes a web-based workflow solution; and a suite of real estate technology products and services to facilitate real estate transactions, such as proprietary platforms as a service solution. It serves mortgage originators, such as mortgage bankers, commercial banks, savings institutions, credit unions, and community banks; and consumers, mortgage lenders, mortgage and real estate investors, government-sponsored enterprises, real estate brokers and agents, and corporations for their employees. The company was formerly known as CMAC Investment Corp. and changed its name to Radian Group Inc. in June 1999. Radian Group Inc. was founded in 1977 and is headquartered in Wayne, Pennsylvania.