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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than two weeks away. Prices go up May 30.Reserve your seat today.×