Radian Group Reports Q4 Earnings of $148.3 Million
WAYNE, Pa. - Radian Group Inc. (RDN) announced its fourth-quarter financial results on Wednesday, showing a net profit of $148.3 million. This equates to earnings per share of $0.98. After adjusting for non-recurring costs, earnings per share were $1.09.
During the quarter, the Wayne, Pennsylvania-based mortgage insurer generated revenue of $315.9 million, with adjusted revenue coming in at $312.4 million.
For the full year, Radian Group reported a profit of $604.4 million, or $3.92 per share, on revenue of $1.25 billion.
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