Last $13.77 USD
Change Today -0.78 / -5.36%
Volume 15.4M
RDN On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

1601 Market Street

Philadelphia, PA 19103

United States

Phone: 215-231-1000

Fax:

Radian Group Inc. operates as a credit enhancement company with a primary strategic focus on domestic residential mortgage insurance on first-lien loans (first-lien). Segments The company operates in two segments, Mortgage Insurance and Financial Guaranty. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, and risk management services to mortgage lending institutions. The company conducts its business primarily through Radian Guaranty Inc. (Radian Guaranty), its principal mortgage insurance subsidiary. The Financial Guaranty segment provides financial guaranty insurance on its existing portfolio of public finance and structured finance credits. In addition, its principal financial guaranty subsidiary, Radian Asset Assurance Inc. (Radian Asset Assurance), is a wholly-owned subsidiary of Radian Guaranty, which allows its financial guaranty business to serve as an important source of capital support for its mortgage insurance business. Mortgage Insurance The company’s mortgage insurance segment provides insurance coverage, principally through private mortgage insurance, and risk management services to mortgage lending institutions. Private mortgage insurance protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of the home’s purchase price. Private mortgage insurance also facilitates the sale of these mortgage loans in the secondary mortgage market, most of which are sold to Freddie Mac and Fannie Mae. Traditional Risk: The company offers only primary mortgage insurance. Primary Mortgage Insurance: Primary mortgage insurance provides protection against mortgage defaults at a specified coverage percentage. The company provides primary mortgage insurance on a flow basis and the company also has provided primary mortgage insurance on a ‘structured’ basis (in which the company insures a group of individual loans). Pool Insurance: Pool insurance differs from primary insurance in that its maximum liability on each loan is not limited to a specific coverage percentage on that individual mortgage. The company wrote much of its pool insurance in the form of structured transactions, including whole loan sales and credit enhancement on loans included in residential mortgage-backed securities (RMBS). An insured pool of mortgages may contain mortgages that are already covered by primary mortgage insurance. In these transactions, pool insurance is secondary to any primary mortgage insurance that exists on mortgages within the pool. Contract Underwriting: In Mortgage Insurance business, the company also has a contract underwriting program through which the company provides an outsourced underwriting service to its customers. The company underwrites its customers’ loan files for secondary market compliance, and assesses the file for mortgage insurance. Customers: The principal customers of mortgage insurance business are mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, credit unions and community banks. Strategy: The company’s business strategy primarily is focused on: growing mortgage insurance business by writing mortgage insurance in the U.S.; continuing to manage losses in legacy mortgage insurance and financial guaranty portfolios; continuing to reduce financial guaranty exposure; and pursuing opportunities for increasing Radian Group’s available liquidity and for enhancing Radian Guaranty’s capital position. Competition: The company competes with five private mortgage insurers: CMG Mortgage Insurance Company, Essent Guaranty Inc., Genworth Financial Inc., Mortgage Guaranty Insurance Corporation and United Guaranty Corporation. Public Finance The Public Finance business consists of the insurance and reinsurance of various types of domestic public finance obligations, including the following: General Obligation Bonds: General obligation bonds are full faith and credit bonds that are issued by states, their political subdivisions and other muni

Page 12Next Page
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RDN:US $13.77 USD -0.78

RDN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Essent Group Ltd $18.84 USD -0.46
MGIC Investment Corp $8.36 USD -0.88
NMI Holdings Inc $10.31 USD +0.01
Stewart Information Services Corp $30.20 USD +0.04
PMI Group Inc $7.70 USD 0.00
View Industry Companies
 

Industry Analysis

RDN

Industry Average

Valuation RDN Industry Range
Price/Earnings 13.2x
Price/Sales 2.2x
Price/Book 2.1x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RADIAN GROUP INC, please visit www.radian.biz. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.