Radian Group Inc.
Radian Group Inc. (Radian) is a credit enhancement company. The company is involved in the provision of credit protection products and financial services to financial institutions and other mortgage lenders in the US. The company conducts its operation through three business divisions, namely, Financial Services, Financial Guaranty and Mortgage Insurance. The company provides various products and services through its wholly-owned subsidiaries, namely, Radian Guaranty Inc. (Radian Guaranty), Radian Insurance Inc. and Amerin Guaranty Corporation. Currently Radian Guaranty is originating a significant amount of new business. The services offered by the company includes evaluating credit risk, the products and services provided in mortgage insurance, public finance, structured finance, reinsurance and other financial services. The company is headquartered in Philadelphia, the US.The company reported revenues of (U.S. Dollars) USD 1,313.38 million during the fiscal year ended December 2009, a decrease of 27.36% from 2008. The operating loss of the company was USD 275.51 million during the fiscal year 2009, as compared to an operating loss of USD 733.93 million during 2008. The net loss of the company was USD 147.88 million during the fiscal year 2009, as compared to a net loss of USD 410.58 million during 2008.