NYSE$RDN

Radian Group Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Radian's financial performance improved with net income of $155.2 million and adjusted diluted net operating income of $0.75 per share.

Radian Group Inc. reported a strong financial performance for the quarter ended June 30, 2021, with a net income of $155.2 million, or $0.80 per diluted share, compared to a net loss of $30.0 million in the same quarter last year. The company saw growth in book value per share, PMIERs excess Available Assets, and revenues in the homegenius segment.

  • GAAP net income of $155 million, or $0.80 per diluted share
  • Adjusted diluted net operating income of $0.75 per diluted share
  • Book value per share grows 11% year-over-year to $23.02
  • homegenius revenues grow 48% year-over-year to $33.5 million

Headline financials

Total Revenue

$337M

Previous: $364M-7.5%
EPS (adj)

$0.75

Previous: -$0.36+308.3%
Net premiums earned

$247M

No prior period
Book value per share

$23.02

Previous: $20.82+10.6%
New defaults

8.1K

Previous: 63.0K-87.1%
Free Cash Flow

$155M

Previous: -$40.5M+482.8%
Net Income

$155M

Previous: -$30M+618.2%
Operating Income

$187M

Previous: -$353M+153.0%
Gross Profit

$329M

Previous: $54M+508.3%
Cash & Equivalents

$135M

Previous: $68.4M+97.3%
Total Assets

$8.01B

Previous: $7.57B+5.8%

Revenue & EPS history

Radian · Revenue · Quarterly

$337M

Q2 2021-7.5%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Radian · $284M total across 1 segment · Q2 2021

  • Mortgage Insurance
    $284M-0.9%

Forward guidance

This document does not contain forward guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.0%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.8%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+19.2%

Q2 2011

Best reaction

-18.8%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.0%-2.6%-10.2%
Q4 2025+1.6%+6.3%+0.5%
Q3 2025-0.7%+3.0%+1.2%
Q1 2025+1.9%+5.1%+6.9%
Q4 2024-1.8%-4.8%-6.3%
Q3 2024+4.6%+5.8%+7.0%
Q2 2024-4.2%-8.7%-2.7%
Q1 2024+2.9%+4.8%+4.6%
Q4 2023-4.5%-2.1%+3.2%
Q3 2023+4.6%+6.6%+1.9%
Q2 2023+2.0%+4.0%+1.1%
Q1 2023+2.1%+5.9%+11.3%
Q4 2022-1.7%-1.1%-5.4%
Q3 2022-1.7%-0.8%-8.8%
Q2 2022+0.8%+0.0%-5.6%
Q1 2022+3.9%+0.1%-1.2%
Q4 2021+2.1%+2.4%-2.4%
Q3 2021-7.6%-6.8%-14.0%
Q2 2021-2.1%+2.5%+4.3%
Q1 2021-4.8%-4.5%-7.3%
Q4 2020-1.2%-1.0%+6.9%
Q3 2020-5.1%-2.6%+5.7%
Q2 2020+3.8%+4.7%+5.1%
Q1 2020+8.8%+6.0%+31.4%
Q4 2019-1.1%-3.0%-11.7%
Q3 2019+1.0%+1.0%+4.0%
Q2 2019-3.4%-7.0%-3.8%
Q1 2019+1.6%+2.4%-3.7%
Q4 2018-1.2%+1.3%+2.9%
Q3 2018+5.3%+3.8%+0.3%
Q2 2018+4.8%+8.2%+15.0%
Q1 2018-0.6%+3.5%+7.6%
Q4 2017+1.7%-2.0%-6.3%
Q3 2017+4.4%+3.3%+3.0%
Q2 2017+1.5%+0.9%+0.5%
Q1 2017-12.7%-14.3%-14.4%
Q4 2016-1.7%-0.3%+1.0%
Q3 2016-4.5%-7.8%+1.3%
Q2 2016+4.6%+1.5%+10.3%
Q1 2016+3.8%
Q4 2015+3.1%
Q3 2015-11.5%
Q2 2015-1.0%
Q1 2015-2.7%
Q4 2014-3.6%
Q3 2014+8.8%
Q2 2014+5.3%
Q1 2014+3.7%
Q4 2013+6.1%
Q3 2013-10.5%
Q2 2013+1.7%
Q1 2013-0.5%
Q4 2012+2.7%
Q3 2012+14.7%
Q2 2012+4.7%
Q1 2012+0.0%
Q4 2011-1.9%
Q4 2009-1.9%
Q3 2011-18.8%
Q3 2010-18.8%
Q2 2011+19.2%
Q2 2010-0.2%
Q1 2010-0.2%
Q4 2010-0.2%
Q1 2011-0.2%

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