NYSE$RDN
Radian Group Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Radian reported a strong fourth quarter and full year 2024 financial performance, with increased net income and record primary mortgage insurance in force.
Radian Group Inc. announced net income of $148 million for the fourth quarter of 2024, or $0.98 per diluted share, and a full year net income of $604 million, or $3.92 per diluted share. The company's primary mortgage insurance in force reached an all-time high of $275.1 billion.
- Fourth quarter net income was $148 million, or $0.98 per diluted share, compared to $143 million, or $0.91 per diluted share in Q4 2023.
- Full year net income reached $604 million, or $3.92 per diluted share, up from $603 million, or $3.77 per diluted share in FY 2023.
- Adjusted pretax operating income for Q4 2024 was $209 million, an increase from $192 million in Q4 2023.
- Primary mortgage insurance in force grew to a record $275.1 billion as of December 31, 2024.
Headline financials
Revenue & EPS history
Radian · Revenue · Quarterly
$316M
Revenue by segment
Radian · $289M total across 1 segment · Q3 2023
- Mortgage Insurance$289M+2.7%100.0%
Forward guidance
Radian's forward-looking statements indicate a focus on maintaining capital adequacy, managing market risks, and adapting to regulatory changes, while continuing to execute business strategies and return value to stockholders.
Tailwinds
- Ability to maintain adequate capital levels in insurance subsidiaries to meet regulatory requirements.
- Successful execution of capital plans, including risk distribution strategies.
- Maintenance of sufficient holding company liquidity.
- Continued focus on managing expenses and optimizing investment portfolio performance.
- Commitment to returning value to stockholders through dividends and share repurchases.
Headwinds
- Potential impacts from changes in the U.S. housing market and economic conditions, including inflationary pressures and interest rates.
- Risks associated with changes in customer, investor, ratings agency, regulator, or legislator perceptions of performance.
- Challenges in maintaining eligibility under PMIERs and adapting to changes in GSE requirements.
- Uncertainties related to the current housing finance system and the roles of various market participants.
- Risks from new business lines, technologies, and potential impacts from political and geopolitical events.
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 2024
+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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