News

05/12/2010

Radian Stockholders at Annual Meeting Re-elect Directors and Approve All Other Proposals; Company Declares Regular Quarterly Dividend on Common Stock

PHILADELPHIA, May 12, 2010 (BUSINESS WIRE) --Radian Group Inc. announced today that its stockholders re-elected each of the company's ten directors at its Annual Meeting, who serve one-year terms and are re-elected annually. In other action, Radian's stockholders approved two critical components of Radian's tax benefit preservation strategy, the amendment to Radian's Certificate of Incorporation and the company's Tax Benefit Preservation Plan, which is intended to preserve Radian's important tax benefits.

Radian also announced today that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025per share, payable on June 3, 2010, to stockholders of record as of May 24, 2010.

Chief Executive Officer S.A. Ibrahim addressed the attendees of Radian's Annual Meeting by stating, "Thanks to the commitment and tenacity of the Radian team, and the support of our customers and stockholders, we have succeeded in strengthening our company. In fact, our risk-to-capital ratio at the end of the first quarter was among the lowest in our industry, and our market share was the highest."

Ibrahim added, "Today, we are seeing clear improvement in the macroeconomic environment and housing market, which offers a compelling opportunity to write new business at attractive returns on capital. The successful completion of our $550 million common stock offering this week provides us with the strategic flexibility to continue the momentum we have created and compete aggressively in this attractive, high-quality market."

About Radian

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.com.

Some of the statements in this press release may constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding the risks and uncertainties that we face, you should review the risks described under Item 1A, "Risk Factors" under our Quarterly Report on Form 10-Q for the period ended March 31, 2010 and subsequent reports filed with the Securities and Exchange Commission.

SOURCE: Radian Group Inc.

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