Seeking Alpha

Pre-2008 business continues to fade at Radian

  • Net loss of $0.07 per share or $12.7M includes $22M booked for Freddie Mac agreement and $16.8M in extra compensation expense due to the big performance of the company's stock. Book value per share of $5.17.
  • Statutory capital of $1.3B is up $100M from the end of Q2 and $300M from a year ago.
  • $13.7B in new mortgage insurance written, up from $13.4B in Q2 and $10.6B a year ago. It's the 2nd largest amount ever. Post-2008 business now accounts for 57% of insurance book.
  • CC at 10 ET.
  • Q3 results, press release.
  • RDN +0.1% premarket.
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