Radian Group Inc. reported net income of $142 million, or $1.02 per diluted share, for the second quarter ended June 30, 2025. This compares to $152 million, or $0.98 per diluted share, in the prior-year quarter. Consolidated pretax income was $175 million, down from $188 million in Q2 2024, and total revenues were $318 million, a slight decrease from $321 million in Q2 2024.
The company achieved a 12% year-over-year growth in book value per share, reaching $33.18 as of June 30, 2025, compared to $29.66 a year prior. Primary mortgage insurance in force grew to an all-time high of $276.7 billion, a key driver of future earnings. The portfolio default rate continued to decline, reaching 2.27% from 2.33% at March 31, 2025, indicating favorable credit trends.
Radian continued its robust capital return strategy, repurchasing $223 million of shares and paying $35 million in dividends during the second quarter. Radian Guaranty also paid a $200 million ordinary dividend to the holding company. These actions reflect the company's strong capital position and ongoing commitment to creating long-term value for stockholders.
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