News

05/11/2011

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

PHILADELPHIA, May 11, 2011 (BUSINESS WIRE) --

Radian Group Inc. announced today that its stockholders re-elected each of the company's twelve directors, who serve one-year terms and are re-elected annually. The company's stockholders also approved all of the Board of Directors' recommendations presented for vote at Radian's 2011 Annual Meeting, including an annual advisory vote on Radian's executive compensation.

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 2, 2011, to stockholders of record as of May 23, 2011.

Chief Executive Officer S.A. Ibrahim addressed the attendees of Radian's Annual Meeting by stating, "Thanks to the determination and commitment of the Radian team, we made progress in 2010 in further strengthening our capital position and our core mortgage insurance franchise."

Ibrahim added, "Our financial guaranty company continues to serve as a unique source of capital for our mortgage insurance business and, despite a challenging environment for the industry, was profitable on a pre-tax operating basis in 2010. Our mortgage insurance business saw a decline in delinquencies each month in 2010, maintained a strong share of today's high-quality business and made progress in regaining share from the FHA. We are confident that Radian is in a strong position to continue promoting and preserving low downpayment lending for many years ahead."

To learn more about Radian's 2010 financial results and industry trends, visit www.radianfinancials.com or Radian's YouTube channel at http://www.youtube.com/RadianGroupInc. Through a series of videos, members of Radian's management team offer their perspectives on the past year and the road ahead.

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.

Forward-Looking Statements

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 in Part I, Item 1A, "Risk Factors" of our Annual Report on Form 10-K for the period ended December 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