Radian Group Inc. (RDN)

Radian Group, Inc., through its subsidiaries, provides credit-related insurance coverage and financial services. The company operates in three segments: Mortgage Insurance, Financial Guaranty, and Financial Services. The Mortgage Insurance segment offers credit protection for mortgage lenders and other financial services companies on residential mortgage assets. This segment serves mortgage originators, such as mortgage bankers, mortgage brokers, commercial banks, savings institutions, and credit unions. The Financial Guaranty segment insures and reinsures municipal bonds, structured finance transactions, and other credit-based risks, as well as provides credit protection on various asset classes through financial guarantees and credit default swaps. This segment serves financial institutions that structure, underwrite, or trade securities issued in structured finance obligations. The Financial Services segment specializes in credit card and bankruptcy-plan consumer assets, as well as originates subprime credit card receivables and has various other similar ventures related to consumer assets. It has operations in the United States, Germany, Hong Kong, Australia, the Netherlands, and Denmark. The company was formerly known as CMAC Investment Corporation and changed its name to Radian Group, Inc. in June 1999. Radian Group was founded in 1977 and is headquartered in Philadelphia, Pennsylvania.

For the nine months ended 30 September 2006, Radian Group Inc.'s revenues decreased 2% to $980.1M. Net income increased 1% to $423.8M. Revenues reflect a decrease in fair value of derivative instruments vs. an increase in the prior period and lower other income. Net income reflects a decrease in provision for losses, lower policy acquisition costs, an increase in equity in net income of affiliates and lower provision for income taxes.