Reports Q4 net premiums earned $238.53M, consensus $243.02M. Book value per share at December 31, 2022, was $24.95, compared to $23.80 at September 30, 2022, and $24.28 at December 31, 2021. "We reported another solid quarter for Radian, capping off an excellent year for our company. For the full year 2022, despite headwinds in the macroeconomic environment and continued cooling of the mortgage and real estate markets, we reported net income of $743 million and return on equity of 18.2%, while maintaining total holding company liquidity of $1.2B as of year end. Our primary mortgage in force portfolio grew more than 6% year-over-year to $261B and credit performance remained strong," said CEO Rick Thornberry. "And we returned significant capital to our stockholders during the year, paying $135M of dividends and purchasing $400M, or 11.1% of total shares outstanding, of Radian Group common stock."
Published first on TheFly
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