The mortgage insurer reported stronger-than-expected quarterly results, exceeding both earnings and revenue forecasts.
Radian Group posted non-GAAP earnings per share of $1.27, surpassing estimates by $0.07. Revenue reached $466M, beating expectations by $64.81M.
Analysts had anticipated lower figures, with consensus estimates closer to $1.20 per share and $401.19M in revenue. The company’s performance reflects improved market conditions and higher insurance volumes.
Shares showed modest movement in after-hours trading as investors digested the results.