TITLE

Radian Posts 5.6% Rise in 2Q Profit Despite Fall in Revenue

AUTHOR(S)
Curran, Bill
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/21/2006, Vol. 357 Issue 32428, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the second-quarter profit at Radian Group Inc. has increased by 5.6% even as revenue declined by 1.8%, according to a financial report by the company. The company's net income for the quarter increased to $148.1 million, compared to $140.2 million for the same period in the previous year. Quarterly revenue decreased to $304.6 million. Radian also noted progress in its financial guaranty business, which includes municipal bond insurer Radian Asset Assurance Inc.
ACCESSION #
21784081

 

Related Articles

  • Radian Group Posts Record 1Q Profits; Public Finance Production Declines. Meyers, Maxwell // Bond Buyer;4/21/2006, Vol. 356 Issue 32365, p6 

    The article reports on the outcome of the business activity of Radian Group Inc., the parent company of Radian Asset Assurance Inc. It had gained sterling profits in the first quarter due to strong premium growth in its mortgage insurance business, however, its public finance production declined...

  • Assured, MBIA Seen as Suitors in Possible Sale of Radian Asset. Slavin, Robert // National Mortgage News;12/15/2014, Vol. 39 Issue 13, p1 

    The article focuses on the sale of bond insurer Radian Asset Assurance and Assured Guaranty by the credit enhancement company Radian Group Inc. while mentioning Municipal Bond Insurance Association (MBIA) as potential suitor. It mentions the change in the capital requirements by the U.S. Federal...

  • Radian Eyes New Insurer. RIGGS, TAYLOR // Bond Buyer;9/27/2011, Vol. 377 Issue 33589, p1 

    The article reports on the partnership among Radian Group Inc., its financial guaranty subsidiary, Radian Asset Assurance Inc., and the National League of Cities (NLC) which aims at establishing a public finance mutual bond insurance company in the U.S. The NLC asserts that the company intends...

  • Radian to Sell Bond-Insurer Unit to Assured for $810M.  // Nationalmortgagenews.com;12/23/2014, p3 

    This article reports on the plan of business services firm Radian Group Inc. to sell its bond-insurer unit, Radian Asset Assurance Inc., to Assured Guaranty Ltd. for 810 million dollars to free up capital as the company prepares for tighter oversight of mortgage insurance. Topics discussed...

  • Parent of Radian Asset Assurance Posts 33% Rise in 3Q Net Income. Meyers, Maxwell // Bond Buyer;10/21/2005, Vol. 354 Issue 32243, p4 

    Reports on the increase in third-quarter profit of Radian Group Inc., the parent company of double-A rated municipal bond issuer Radian Asset Assurance Inc. in the U.S. Repurchasing of 2.6 million shares; Escalation in the net premiums written from the firm's public finance business; Stock prices.

  • Fitch Has Poor Rating at Radian. Terris, Harry // American Banker;9/7/2007, Vol. 172 Issue 173, p17 

    The author reports on the way in which the credit rating agency Fitch Inc. has rated Radian Group Inc. Fitch had cut the rating of the unit Radian Asset Assurance to A-plus from double-A. According to the article, the rating downgrade occurred because Radian Asset Assurance did not have enough...

  • Fitch Drops Radian to A-Plus. Hanson, Matthew // Bond Buyer;9/6/2007, Vol. 361 Issue 32707, p1 

    The article reports on the downgrade of Radian Group Inc. along with its mortgage insurance and financial guaranty subsidiaries, by Fitch Ratings Ltd. upon news that Radian's planned merger MGIC Investment Corp. would be scrapped. The downgrade includes the insurer financial strength rating of...

  • CFN's senior servicing fees stress Conseco deals, Radian takes a hit. M.G. // Asset Securitization Report;1/19/2004, Vol. 4 Issue 3, p1 

    Reports that the Conseco Finance servicing fee restructuring has delivered its first visible blow to the asset securitization industry. Announcement by double-A rated guarantor Radian Asset Assurance, acting as reinsurer in a deal wrapped by Radian Insurance, would likely pay claims tied to a...

  • Parent Companies of Radian, XLCA Receive More Bad News. Campbell, Dakin // Bond Buyer;4/10/2008, Vol. 364 Issue 32854, p7 

    The article reports on the decision of Radian Group Inc. to sell its financial guarantor subsidiary Radian Asset Assurance Inc. and the delisting of Security Capital Assurance (SCA) Ltd. from the New York Stock Exchange (NYSE). Radian's move was carried out after it received Below Investment...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics