Financial Performance - Radian Group's net income for Q1 2025 was $145 million, compared to $148 million in Q4 2024 and $152 million in Q1 2024[9] - The diluted net income per share was $0.98 in Q1 2025, consistent with $0.98 in Q4 2024 and Q1 2024[9] - The adjusted diluted net operating income per share was $0.99 in Q1 2025, compared to $1.08 in Q4 2024 and $1.00 in Q1 2024[9] - The book value per share grew by 11% year-over-year, reaching $32.48 as of March 31, 2025, compared to $29.30 as of March 31, 2024[9] - The return on equity was 12.6% in Q1 2025, slightly lower than 12.7% in Q4 2024 and 13.8% in Q1 2024[10] - The adjusted net operating return on equity was 12.7% in Q1 2025, compared to 14.1% in both Q4 2024 and Q1 2024[10] Insurance Operations - The primary insurance in force was $274.2 billion as of March 31, 2025, compared to $275.1 billion as of December 31, 2024, and $271.0 billion as of March 31, 2024[13] - New insurance written was $9.5 billion in Q1 2025, compared to $13.2 billion in Q4 2024 and $11.5 billion in Q1 2024[13] - Net mortgage insurance premiums earned were $234 million in Q1 2025, consistent with $235 million in Q4 2024 and $234 million in Q1 2024[13] Investment Portfolio - Total investments were $6.1 billion as of March 31, 2025, compared to $6.3 billion as of December 31, 2024, and March 31, 2024[15] - Net investment income was $69 million in Q1 2025, consistent with $71 million in Q4 2024 and $69 million in Q1 2024[14]
Radian(RDN) - 2025 Q1 - Earnings Call Presentation