Radian Group on Wednesday reported that its fourth-quarter net income skyrocketed to $156 million, or $1.62 per share, up 181 percent from fourth-quarter 2003 when its income was $55.5 million, or $.57 per share.

The company reported that its annual income for 2004 was $518.7 million, up 34 percent from $385.9 million reported for 2003. The annual net income per share last year was $5.33, an increase of 35 percent from $3.95 in 2003.

The company had fourth-quarter revenues of $379.1 million, up 9 percent from the $346.5 million the same time a year ago. Annual revenues for 2004 totaled approximately $1.4 billion, up 7 percent from approximately $1.3 billion in 2003.

Philadelphia-based Radian is a credit enhancement provider to the global financial and capital markets. Radian’s subsidiaries provide products and services through three business lines: financial guaranty, mortgage insurance and other financial services.

Radian stock (NYSE: RDN) was trading at $50 a share this morning.


What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription