Trade Radian Group Inc - RDN CFD

Radian Group Inc. Company profile

About Radian Group Inc

Radian Group Inc. provides mortgage insurance, and other products and services to the real estate and mortgage finance industries. The Company operates through two segments: Mortgage and homegenius. Its Mortgage segment provides credit-related insurance coverage, principally through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management, contract underwriting and fulfillment solutions, to mortgage lending institutions and mortgage credit investors. Its homegenius segment is primarily a fee-for-service business that offers a range of products and services to market participants across the real estate value chain. Its homegenius products and services include title, valuation, asset management, software-as-a-service (SaaS) and other real estate services offered primarily to mortgage lenders, mortgage and real estate investors, government-sponsored enterprises (GSEs), real estate brokers and agents.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Radian Group Inc revenues decreased 8% to $1.33B. Net income increased 53% to $600.7M. Revenues reflect Mortgage Insurance segment decrease of 8% to $1.15B. Net income reflects Provision for losses decrease of 96% to $20.9M (expense). Dividend per share increased from $0.50 to $0.55. Basic Earnings per Share excluding Extraordinary Items increased from $2.01 to $3.19.

Equity composition

Common Stock $.001 Par, 03/11, 325M auth., 150,507,853 issd., less 17,458,640 shares in Treas. @ $892M. Insiders &stakeholders own 0.73%. IPO: 10/92, 9.1M shares @ $18 by Lehman. 6/01, 12/96, 2-for-1 stock splits. *2/01, Co. acqd. Enhance Financial Services Group @ 0.22 shs. (8,408,943 shs. issd).