Industry News

Radian Group reports net income growth

Mortgage insurance produces strong returns, CEO says
Published on Apr 21, 2004

Radian Group today reported net income of $120 million for the first quarter of 2004, or a 15 percent increase over the first quarter of last year.   Per share, the net income was $1.26, up 14 percent from $1.11 a year ago.   The company's revenues totaled $334 million, an 11 percent increase from $302 million in the first quarter of 2003.   "Our mortgage insurance business continues to produce strong returns and we are encouraged by signs of improvement in credit and persistency," CEO Frank Filipps said in a statement. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom.Please include the headline of the story. ...

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