News

11/16/2017

Radian Celebrates 25 Years on New York Stock Exchange, 40 Years as a Company

CEO Rick Thornberry rings the closing bell in honor of the day

PHILADELPHIA--(BUSINESS WIRE)--Nov. 16, 2017-- Senior leaders of Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, recently visited the New York Stock Exchange (NYSE) to host an Investor Day for the investment and financial community, where they shared details about the company’s financial position and strategy and also celebrated the 25^th anniversary of Radian's initial public offering. To mark the occasion, Radian CEO Rick Thornberry, along with other members of the executive leadership team and Board of Directors, visited the NYSE trading floor and rang the famous bell to mark the close of trading for the day.

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Radian CEO Rick Thornberry points to the company's logo on the New York Stock Exchange trading floor. (Photo: Business Wire)

At the Investor Day event, Radian’s leadership team articulated the company’s progress to date and laid out the roadmap to its future growth. In particular, Radian leaders walked through the details of how the company intends to grow its high quality mortgage insurance portfolio while executing on its strategy to further diversify its business. The team highlighted how the company is leveraging its capital and financial flexibility in ways that it believes will optimize shareholder returns, attain operational excellence, and build competitive differentiation to achieve long term, sustainable profitability.

“For more than 40 years, Radian’s commitment to promoting and preserving the dream of homeownership for borrowers has been unparalleled,” said Rick Thornberry, chief executive officer, Radian. “As we look ahead, I am confident that we are strongly positioned for new and exciting opportunities. I am proud of all that we have accomplished thus far and I look forward to driving our future success while delivering long-term value for our customers, employees and shareholders."

In addition, investors and analysts interacted one-on-one with members of the Radian team during an exclusive EXPO program where employees offered detailed information and demonstrations about how Radian differentiates itself from its competitors.

A fun, interactive component of Radian’s Investor Day was the use of social media. Live tweets, using the custom hashtag #RDNInvestorDay, were visible on an animated Twitter wall along with animated Bitmoji GIF files of the Radian executive team. The hashtag received more than 250 posts and secured a total reach of more than 2.3 million viewers.

ABOUT RADIAN

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers products and services through two business segments:

• Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance helps protect lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%.

• Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.

Additional information may be found at www.radian.com.

FORWARD-LOOKING STATEMENTS

All statements in this press release that address events, developments or results that we expect or anticipate may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as "anticipate," "may," "will," "could," "should," "would," "expect," "intend," "plan," "goal," "contemplate," "believe," "estimate," "predict," "project," "potential," "continue," "seek," "strategy," "future," "likely" or the negative or other variations on these words and other similar expressions. These statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management's current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. The forward-looking statements, as well as our prospects as a whole, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements.

For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2016, and subsequent reports and registration statements filed from time to time with the U.S. Securities and Exchange Commission.

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Source: Radian Group Inc.

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com