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WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that Jed Rhoads has been appointed to serve on its Board of Directors. Rhoads is a seasoned reinsurance executive, with more than 40 years of experience, including most recently a decade in senior executive roles at Markel Group Inc. He also served as Chairman of the Reinsurance Association of America. “We are thrilled to welcome Jed to the Radian Board of Directors,” said Radian Non-Executive Board Chairman Howard B. Cu.
Radian Group, Inc. (NYSE:RDN ) Q4 2024 Earnings Conference Call February 6, 2025 11:00 AM ET Company Participants Daniel Kobell - Head, IR & Capital Management Richard Thornberry - CEO & Director Sumita Pandit - CFO & Senior EVP Derek Brummer - President, Mortgage Insurance Conference Call Participants Terry Ma - Barclays Doug Harter - UBS Bose George - KBW Scott Heleniak - RBC Capital Markets Mihir Bhatia - Bank of America Merrill Lynch Operator Good day, and thank you for standing by. Welcome to the Fourth Quarter 2024 Radian Group Earnings Conference Call.
Radian Group's Q4 results reflect improved investment income, higher revenues across both the Mortgage and All Other segments as well as lower higher expenses.
Radian (RDN) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.96 per share a year ago.
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today reported net income for the quarter ended December 31, 2024, of $148 million, or $0.98 per diluted share. This compares with net income for the quarter ended December 31, 2023, of $143 million, or $0.91 per diluted share. Net income for the full year 2024 was $604 million, or $3.92 per diluted share. This compares with net income for the full year 2023 of $603 million, or $3.77 per diluted share. Adjusted pretax operating income f.
Radian Group stock is poised to gain from an improving mortgage insurance portfolio, declining claims, a solid capital position and effective capital deployment.
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that it will hold a conference call on Thursday, February 6, 2025, at 11:00 a.m. Eastern time to discuss the company's fourth quarter and full year 2024 results, which will be announced after the market closes on Wednesday, February 5, 2025. The conference call will be webcast live on the company's website at https://radian.com/who-we-are/for-investors/webcasts or at www.radian.com. The webcast is listen-only. Those inte.
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer's retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian's mortgage insurance business in addition t.
WAYNE, Pa.--(BUSINESS WIRE)--Radian Group Inc. (NYSE: RDN) today announced that DBRS, Inc. (Morningstar DBRS) deems Radian Real Estate Management as an acceptable due diligence firm for business purpose loans and single-family rental Morningstar DBRS-rated residential mortgage-backed securities (RMBS) transactions. Radian Real Estate Management is the longest-standing provider of diligence and valuations for institutional single-borrower, single-family rental (SFR) securitizations, and warehous.
CLEVELAND--(BUSINESS WIRE)--Elizabeth Park Capital Management, a leading alternative investments platform specializing in depository institutions, announced today the appointment of financial services veteran J. Franklin Hall as partner and deputy portfolio manager. Hall's extensive industry expertise and leadership is expected to play a key role in driving EPCM's growth and enhancing the firm's investment strategies and operations. “Frank's deep knowledge of the financial services sector, coup.