Home / Headlines / Strong Year-End Performance for Radian Group
Print This Post Print This Post

Strong Year-End Performance for Radian Group

Philadelphia, Pennsylvania-based Radian Group Inc. reported that its net income for Q4 2016 came in at $61.1 million, an 18 percent decrease from 2015’s Q4 net income of $74.5 million. The entire year’s net income was $308.3 million, a seven percent increase when compared to 2015’s full-year net income of $286.9 million.

The firm, which offers mortgage insurance and a variety of mortgage and real estate services, was pleased with the results which closed out 2016. “Our strong fourth quarter performance contributed to a solid 2016 for Radian,” stated Radian CEO S.A. Ibrahim.

New mortgage insurance written grew from $41.4 billion in 2015 to $50.5 billion for 2016, nearly a 22 percent increase. The total amount of primary delinquent loans in the fourth quarter dropped 1 percent from the previous quarter’s figure. The figure also dropped 18 percent in Q4 2016 when compared to the Q4 of 2015.

“In 2016, we successfully grew book value by 11%, improved our capital structure and achieved our targeted expense goals, while setting new records for writing our highest volume of high-quality and profitable flow MI business in Radian’s history,” stated Ibrahim. The Book value per share of the company increased from $12.07 at 2015’s close to $13.39 at the end of December 2016.

About Author: Timothy McNally


Check Also

Assessing the Pass-Through Assistance Program

Seth Appleton, Principal EVP, Ginnie Mae, spoke with DS News about how the program came to be so quickly and what the future holds for it. This story originally appeared in the July edition of DS News.


Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.