Radian Provides Update on Capital Position; Expects to Maintain Radian Guaranty's Risk-to-Capital Ratio Below 25:1 at Year End
Radian Group Inc. (NYSE: RDN) today provided an update on the capital position and new business volume for Radian Guaranty Inc., its primary mortgage insurance subsidiary:
As of December 31, 2011, the company expects to maintain a risk-to-capital ratio for Radian Guaranty below 25:1, with approximately $500 million of holding company liquidity remaining. In the fourth quarter of 2011, Radian Guaranty led the mortgage insurance industry in new business volume by writing $6.5 billion of new insurance written.
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