News

12/15/2014

Radian Announces C. Robert Quint to Retire as CFO at Year End 2014; Appoints J. Franklin Hall to CFO Effective January 1, 2015

PHILADELPHIA--(BUSINESS WIRE)--Dec. 15, 2014-- Radian Group Inc. (NYSE:RDN) announced today that its Executive Vice President and Chief Financial Officer C. Robert Quint will retire from this position at the end of 2014 after nearly 25 years with Radian. J. Franklin Hall will assume the role of executive vice president and chief financial officer of Radian on January 1, 2015. In order to ensure a smooth transition, Quint will serve as executive vice president of finance through March 31, 2015, and then assume a consulting role through the end of 2015.

Over the course of more than two decades at Radian, Quint has been responsible for all financial functions. He joined the company as controller and vice president of administration in 1990 and he subsequently played a major role in the company’s 1992 initial public offering. In 1996, Quint was promoted to chief financial officer and, three years later, was named executive vice president.

Radian Chief Executive Officer S.A. Ibrahim said, “Throughout market highs and lows, Bob’s finance and business acumen combined with the respect he has earned among Radian employees, customers, regulators and investors have helped the company grow and deliver value to our stockholders. I am personally grateful to Bob for the past 10 years of inspiring passion, creativity and tenacity as we worked together to ensure success for Radian. We look forward to Bob’s help during the transition, and we wish him all the best as he pursues his other passions.”

Quint said, “I have enjoyed my many years with Radian and will always be grateful for the opportunity to work with such a talented team. Through periods of tremendous change and opportunity, it has been a privilege to play a part in improving the company’s financial performance and in laying a strong foundation for future profitable growth.”

J. Franklin Hall

Hall brings extensive expertise to Radian, with more than two decades of leadership and experience in financial reporting, planning and analysis, investor relations, capital planning, corporate development, tax and treasury. Hall began his career with Ernst & Young, and later served as a senior financial analyst for Firstar Bank. He joined First Financial Bancorp in 1999, and assumed the role of chief financial officer in 2005.

Ibrahim said, “We are delighted to have Frank join our exceptional Radian team. His financial services background, particularly in consumer lending, mortgage and credit businesses, will complement the customer perspective of our leadership team. We believe that Frank brings the right talents and experiences to the role as we continue to grow our company and diversify our sources of revenue.”

Hall said, “I would like to thank the Board and the management team for the strong vote of confidence. This is an exciting time to join a company that is well known for its solid reputation as an industry leader. I look forward to continuing the great work of the finance organization and to getting to know the employees, customers and investors that help to make Radian successful.”

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 Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These forward-looking 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. 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, 2013, Item 1A of Part II of our Quarterly Reports on Form 10-Q filed in 2014, and subsequent reports and registration statements filed from time to time with the Securities and Exchange Commission.

Source: Radian Group Inc.

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