Radian reports Q2 adjusted EPS 91c, consensus 78c

Reports Q2 revenue $290M, consensus $253.88M. “We reported excellent second quarter results for Radian, increasing book value per share by 12% year-over-year, generating net income of $146 million and delivering return on equity of 14.1%. Our primary mortgage insurance in force, which is the main driver of future earnings for our company, grew 5% year-over-year to $267 billion, and our total holding company liquidity increased to $1.3 billion,” said Radian’s Chief Executive Officer Rick Thornberry. “Our overall performance reflects the resilience of our business model, the strength of our growing insured portfolio, the depth of our customer relationships and the commitment of our team.”