Radian posts 3rd-qtr profit

Thu Nov 1, 2012 7:21am EDT

Nov 1 (Reuters) - Mortgage insurer Radian Inc posted a profit for the first time this year, as it wrote more new insurance and recorded net gains on investments.

Third-quarter net income fell to $14.3 million, or 11 cents per share, from $183.6 million, or $1.37 per share, a year earlier.

The company wrote $10.6 billion of new mortgage insurance in the third quarter.