Radian returns to profitability as U.S. housing market recovers

Wed Feb 5, 2014 7:11am EST

Feb 5 (Reuters) - Radian Group Inc, the biggest U.S. private mortgage insurer, reported a quarterly profit as fewer homeowners defaulted on their loans in a recovering housing market.

Net profit was $36.4 million, or 19 cents per share, for the fourth quarter ended Dec.31, compared with a loss of $177.3 million, or $1.34 per share, a year earlier.

The company also posted a loss in the third quarter.