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RDNBullishEarningsnews
Materiality pending

Radian Group (RDN) Q1 Earnings Beat on Higher Premiums

May 2, 2024, 8:49 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Radian Group Inc. reported Q1 adjusted operating income of $1.03 per share, beating estimates by 24%. - Operating revenues rose 4.8% year over year to $318.9 million, primarily due to higher premiums. - MI New Insurance Written rose 2.4% year over year to $11.5 billion. - Price Impact Rating: bullish - Impact Horizon Rating: short-term - Type: Earnings

  • Radian Group Inc. reported Q1 adjusted operating income of $1.03 per share, beating estimates by 24%.
  • Operating revenues rose 4.8% year over year to $318.9 million, primarily due to higher premiums.
  • MI New Insurance Written rose 2.4% year over year to $11.5 billion.

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