Radian Group Inc. reported net income of $148 million, or $0.98 per diluted share, for the fourth quarter ended December 31, 2024, an increase from $143 million, or $0.91 per diluted share, in Q4 2023. For the full year 2024, net income reached $604 million, or $3.92 per diluted share, compared to $603 million, or $3.77 per diluted share, in 2023. Adjusted pretax operating income for the full year was $803 million, up from $786 million in 2023.
Total revenues for the full year 2024 grew 4% to $1.290 billion compared to $1.241 billion in 2023. The company achieved a 9% growth in book value per share year-over-year, reaching $31.33 as of December 31, 2024. Primary mortgage insurance in force reached an all-time high of $275.1 billion, a key driver of future earnings.
Radian returned a significant $376 million of capital to stockholders in 2024, comprising $224 million in share repurchases and $152 million in dividends. Radian Guaranty paid $675 million in ordinary dividends to the holding company during the year. The company reported a net benefit in the provision for losses of $(624) thousand in Q4 2024, reflecting favorable credit performance.
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