Radian Group Q4 EPS Up 4.5% Beat, MI Written Jumps 20.2%
Radian Group posted Q4 adjusted operating income of $1.16 per share, beating estimates by 4.5%, while operating revenue rose 0.8% to $302 million. Mortgage insurance in force grew 2.7% to $282.5 billion and new insurance written jumped 20.2%, offset by a 20.9% rise in expenses.
1. Q4 Earnings and Revenue
Radian Group delivered adjusted operating income of $1.16 per share in Q4, surpassing consensus by 4.5%, with operating revenues at $302 million, up 0.8% year over year. Net premiums earned rose 0.9% to $237 million, while net investment income increased 0.8% to $62.7 million.
2. Mortgage Insurance Performance
The mortgage insurance segment saw primary in-force insurance grow 2.7% to $282.5 billion and new insurance written surge 20.2% to $15.9 billion. Persistency held at 81.6% and delinquent loans increased 5.9% to 25,230 accounts, reflecting mixed credit trends.
3. Capital Position and Shareholder Returns
Cash and equivalents climbed 29.2% to $24.8 million and book value per share rose 12.6% to $35.29, boosting equity to $4.8 billion. The company returned $576 million to shareholders through dividends and buybacks, including a $0.255 quarterly dividend.