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1601 Market St. Philadelphia, PA 19103 PA Tel. 215-231-1000 Toll Free 800-523-1988 Fax 215-854-1457 |
Type: Public
On the web:
http://www.radiangroupinc.com
Employees:
767
Employee growth: (4.5%)
Radian Group is glowing from a conflagration of private mortgage insurance claims. Through subsidiaries Radian Guaranty, Radian Mortgage Assurance, and Radian Insurance, Radian Group provides traditional private mortgage insurance coverage to protect lenders from defaults by borrowers who put down a deposit of less than 20% when buying a home. Such coverage provides protection on individual loans and covers unpaid loan principal and delinquent interest. Its pool insurance covers limited exposure on groups of loans. Radian still insures municipal bonds written before 2008 through its financial guaranty business. Radian Group's customers include mortgage bankers, commercial banks, and savings institutions.
Key numbers for fiscal year ending December, 2010:
Sales: $417.5M
One year growth: (68.2%)
Net income: ($1,805.9)M
Officers:
Chairman: Herbert Wender
CEO and Director: Sanford A. Ibrahim
EVP and CFO: C. Robert (Bob) Quint
Competitors:
Genworth Financial
MGIC Investment
PMI Group
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