NYSE$RDN
Radian Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Radian reported net income with increased book value per share and mortgage insurance in force.
Radian Group Inc. reported excellent second quarter results, increasing book value per share by 12% year-over-year and generating net income of $146 million. The primary mortgage insurance in force grew 5% year-over-year, reaching $267 billion, and the total holding company liquidity increased to $1.3 billion.
- Primary mortgage insurance in force increased 5% year-over-year to $266.9 billion.
- Total holding company liquidity grew to $1.3 billion.
- PMIERs excess Available Assets were $1.7 billion, or 41% over the Minimum Required Assets.
- Net income was $146 million, or $0.91 per diluted share.
Headline financials
Revenue & EPS history
Radian · Revenue · Quarterly
$290M
Revenue by segment
Radian · $289M total across 1 segment · Q3 2023
- Mortgage Insurance$289M+2.7%100.0%
Forward guidance
Radian Guaranty expects to pay a total of between $300 million to $400 million of ordinary dividends to Radian Group during 2023, based on current performance expectations. Under the 2023 QSR Agreement, Radian expects to cede 22.5% of policies issued between July 1, 2023, and June 30, 2024, subject to certain conditions.
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 2023
+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
| Quarter | Report date | Reaction (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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