- Q4 adjusted pretax income of $140.2M or $0.41 per share vs. $124.1M and $0.34 earned one year ago.
- Book value per share of $13.39 up 11% Y/Y. Yesterday's close was $18.45.
- Net premiums earned of $233.6M up 3% Y/Y; New insurance written of $13.9B up 53%.
- Total primary insurance in force at year-end of $183.5B vs. $175.6B a year earlier. 88% of that is business written after 2008; 58% is for loans with FICO scores above 740 (was 26% at the end of 2007).
- Persistency of 76.7% down from 78.8% a year earlier.
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Conference call at 10 ET
- Previously: Radian Group beats by $0.01, misses on net premium earned (Jan. 26)
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RDN +1.9% premarket to $18.80.