Radian Group Inc. Reports Second Quarter Net Income of $146 Million

Radian Group Inc.(RDN), a prominent financial services company, has released its unaudited condensed consolidated financial statements for the second quarter of the fiscal year 2023. The company reported a net income of $146 million for the quarter, demonstrating its continued financial strength. The second quarter revenue reached $290 million, reflecting the company's diversified business operations and investment strategies.

Net Income and Loss

During the three months ending June 30, 2023, Radian Group Inc. achieved a net income of $146 million, showcasing a robust financial performance. This figure compares to the net income of $201 million recorded during the same period in the previous year. The net income per share for the second quarter was reported at $0.92 on a basic basis and $0.91 on a diluted basis, illustrating the company's ability to generate value for its shareholders.

Revenue Highlights