Reuters logo
3 years ago
Radian returns to profitability as U.S. housing market recovers
February 5, 2014 / 12:15 PM / 3 years ago

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

1 Min Read

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.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below