Radian Group Inc.


SKU: RDN Category:


Radian Group Inc.: Initiation of Coverage – Improved Default Management and Cure Rates 


Radian Group reported encouraging financial outcomes for the first quarter of 2024, reflecting its strong operational core and effective strategy implementation. The company witnessed a year-over[1]year growth in its book value per share by 12%, with revenues increasing by 3% to $319 million. The primary mortgage insurance in force rose by 4% to an all-time high of $271 billion, bolstering future earning prospects. Net income stood at $152 million and the return on equity was approximately 14%. In line with its strategic initiatives, Radian Group maintained a robust capital and liquidity position. The holding company’s liquidity increased to $1.1 billion, while the PMIERs cushion for Radian Guaranty, its primary operating subsidiary, was reported at $2.3 billion. The first quarter also saw Radian Guaranty paying its fifth consecutive quarterly dividend of $100 million to the parent company. Additionally, Radian Group undertook debt restructuring activities, highlighting its proactive approach to financial management.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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