NYSE$RDN

Radian Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Radian reported net income of $161.2 million and adjusted diluted net operating income per share of $0.86 for Q4 2019.

Radian Group Inc. reported a strong fourth quarter and full year 2019, with net income for the quarter ended December 31, 2019, of $161.2 million, or $0.79 per diluted share, and adjusted diluted net operating income per share for the fourth quarter of $0.86. The company's MI in force increased 9% year-over-year to $240.6 billion.

  • Net income for the quarter ended December 31, 2019, was $161.2 million, or $0.79 per diluted share.
  • Adjusted diluted net operating income per share for the fourth quarter of $0.86, an increase of 23% year-over-year.
  • NIW was $20.0 billion for the fourth quarter.
  • Total primary mortgage insurance in force as of December 31, 2019, grew to $240.6 billion, an increase of 9% compared to December 31, 2018.

Headline financials

Total Revenue

$301M

Previous: $262M+15.2%
EPS (adj)

$0.86

Previous: $0.70+22.9%
New insurance written

$20M

No prior period
Primary insurance in force

$241M

No prior period
Book value per share

$20.13

No prior period
Holding company liquidity

$653M

No prior period
Loss ratio

11.5%

No prior period
Expense ratio

22.4%

No prior period
Net Income

$161M

Previous: $140M+15.3%
Operating Income

$206M

No prior period
Gross Profit

$1.22B

Previous: $992M+23.0%
Cash & Equivalents

$92.7M

Previous: $95.4M-2.8%
Total Assets

$6.81B

Previous: $6.31B+7.8%

Revenue & EPS history

Radian · Revenue · Quarterly

$301M

Q4 2019+15.2%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Radian · $299M total across 1 segment · Q4 2019

  • Mortgage Insurance
    $299M

Forward guidance

The company remains focused on optimizing its capital position, enhancing its return on capital, and increasing its financial flexibility.

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 Q4 2019

Historical avgQ4 2019

+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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