Radian Historical Income Statement

RDN Stock

USD 35.47 0.51 1.46%

Historical analysis of Radian income statement accounts such as Other Operating Expenses of 366.8 M, Operating Income of 805.9 M, EBIT of 805.9 M or Ebitda of 805.9 M can show how well Radian Group performed in making a profits. Evaluating Radian income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Radian's future profits or losses.

Cash Flow Balance Sheet Income Statement

Dot-com Bubble

Housing Crash

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Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Radian Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Radian Group is a good buy for the upcoming year.

Net Income Gross Profit

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

About Radian Income Statement Analysis

Radian Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Radian shareholders. The income statement also shows Radian investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Radian Income Statement Chart

At this time, Radian's Income Before Tax is very stable compared to the past year. As of the 25th of November 2024, Total Other Income Expense Net is likely to grow to about 5.7 M, while Interest Expense is likely to drop about 46.9 M.

Other Operating Expenses Cost Of Revenue Tax Provision Net Interest Income

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Radian Group. It is also known as Radian overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Radian Group income statement and represents the costs associated with goods and services Radian provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.

Most accounts from Radian's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Radian Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Radian Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

	2021	2022	2023	2024 (projected)
Interest Income	84.3M	84.5M	76.0M	59.3M
Tax Provision	164.2M	209.8M	168.2M	176.0M

Interest Income Tax Provision

Radian income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Selling General Administrative	Net Income From Continuing Ops	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Non Recurring	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.04	0.03	-0.31	0.64	-0.49	-0.54	-0.49	-0.48	-0.59	0.18	-0.68	0.17	0.31	0.09	-0.71	-0.38	-0.36	0.08	0.19	0.47	-0.06	0.36
Interest Expense	-0.04		0.54	0.07	0.2	0.24	0.29	0.3	-0.09	0.34	-0.1	0.4	-0.13	-0.07	0.04	0.32	-0.45	0.36	0.07	0.12	-0.14	-0.13	-0.24
Total Revenue	0.03	0.54		-0.53	0.52	0.55	0.51	0.54	-0.31	0.52	-0.21	0.43	0.18	0.53	0.15	0.24	0.17	0.39	-0.06	-0.3	-0.31	0.25	-0.12
Gross Profit	-0.31	0.07	-0.53		-0.61	0.03	0.05	0.04	0.45	0.06	-0.09	0.06	-0.01	-1.0	0.15	0.07	-0.37	0.38	0.03	-0.26	-0.25	0.07	-0.19
Other Operating Expenses	0.64	0.2	0.52	-0.61		-0.36	-0.43	-0.4	-0.87	-0.45	-0.14	-0.43	-0.06	0.61	-0.24	-0.43	-0.29	-0.35	-0.16	0.2	0.42	0.21	0.52
Operating Income	-0.49	0.24	0.55	0.03	-0.36		0.94	0.94	0.48	0.94	-0.09	0.75	0.4	-0.02	0.41	0.49	0.5	0.82	-0.03	-0.67	-0.75	0.12	-0.58
Ebit	-0.54	0.29	0.51	0.05	-0.43	0.94		1.0	0.57	0.98	-0.14	0.78	0.42	-0.05	0.49	0.52	0.54	0.82	0.05	-0.57	-0.82	0.06	-0.69
Ebitda	-0.49	0.3	0.54	0.04	-0.4	0.94	1.0		0.54	0.97	-0.14	0.76	0.44	-0.03	0.51	0.5	0.53	0.82	0.05	-0.57	-0.81	0.08	-0.68
Total Operating Expenses	-0.48	-0.09	-0.31	0.45	-0.87	0.48	0.57	0.54		0.56	0.13	0.42	0.28	-0.45	0.48	0.3	0.38	0.46	0.25	-0.3	-0.58	-0.41	-0.77
Income Before Tax	-0.59	0.34	0.52	0.06	-0.45	0.94	0.98	0.97	0.56		-0.09	0.88	0.25	-0.05	0.38	0.67	0.46	0.77	0.1	-0.55	-0.75	0.04	-0.66
Total Other Income Expense Net	0.18	-0.1	-0.21	-0.09	-0.14	-0.09	-0.14	-0.14	0.13	-0.09		-0.06	-0.06	0.08	-0.15	-0.02	-0.18	-0.23	0.5	0.14	0.35	-0.16	0.01
Net Income	-0.68	0.4	0.43	0.06	-0.43	0.75	0.78	0.76	0.42	0.88	-0.06		-0.23	-0.05	0.09	0.93	0.32	0.48	-0.01	-0.36	-0.6	-0.01	-0.51
Income Tax Expense	0.17	-0.13	0.18	-0.01	-0.06	0.4	0.42	0.44	0.28	0.25	-0.06	-0.23		0.01	0.6	-0.53	0.35	0.59	0.18	-0.38	-0.35	0.08	-0.32
Cost Of Revenue	0.31	-0.07	0.53	-1.0	0.61	-0.02	-0.05	-0.03	-0.45	-0.05	0.08	-0.05	0.01		-0.15	-0.07	0.37	-0.38	-0.03	0.25	0.25	-0.07	0.19
Selling General Administrative	0.09	0.04	0.15	0.15	-0.24	0.41	0.49	0.51	0.48	0.38	-0.15	0.09	0.6	-0.15		-0.12	0.45	0.45	0.13	-0.44	-0.67	0.03	-0.62
Net Income From Continuing Ops	-0.71	0.32	0.24	0.07	-0.43	0.49	0.52	0.5	0.3	0.67	-0.02	0.93	-0.53	-0.07	-0.12		0.2	0.2	-0.04	-0.14	-0.36	0.0	-0.3
Non Operating Income Net Other	-0.38	-0.45	0.17	-0.37	-0.29	0.5	0.54	0.53	0.38	0.46	-0.18	0.32	0.35	0.37	0.45	0.2		0.16	-0.14	-0.31	-0.56	0.03	-0.43
Discontinued Operations	-0.36	0.36	0.39	0.38	-0.35	0.82	0.82	0.82	0.46	0.77	-0.23	0.48	0.59	-0.38	0.45	0.2	0.16		0.07	-0.67	-0.66	0.19	-0.5
Tax Provision	0.08	0.07	-0.06	0.03	-0.16	-0.03	0.05	0.05	0.25	0.1	0.5	-0.01	0.18	-0.03	0.13	-0.04	-0.14	0.07		0.04	0.22	-0.21	-0.22
Interest Income	0.19	0.12	-0.3	-0.26	0.2	-0.67	-0.57	-0.57	-0.3	-0.55	0.14	-0.36	-0.38	0.25	-0.44	-0.14	-0.31	-0.67	0.04		0.62	-0.5	0.24
Non Recurring	0.47	-0.14	-0.31	-0.25	0.42	-0.75	-0.82	-0.81	-0.58	-0.75	0.35	-0.6	-0.35	0.25	-0.67	-0.36	-0.56	-0.66	0.22	0.62		-0.05	0.76
Net Interest Income	-0.06	-0.13	0.25	0.07	0.21	0.12	0.06	0.08	-0.41	0.04	-0.16	-0.01	0.08	-0.07	0.03	0.0	0.03	0.19	-0.21	-0.5	-0.05		0.5
Reconciled Depreciation	0.36	-0.24	-0.12	-0.19	0.52	-0.58	-0.69	-0.68	-0.77	-0.66	0.01	-0.51	-0.32	0.19	-0.62	-0.3	-0.43	-0.5	-0.22	0.24	0.76	0.5

Click cells to compare fundamentals

Radian Account Relationship Matchups

Radian income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	16.4M	22.1M	19.4M	19.5M	20.5M	33.8M
Interest Expense	56.3M	71.2M	84.3M	84.5M	89.7M	46.9M
Total Revenue	1.5B	1.4B	1.3B	1.2B	1.2B	1.0B
Gross Profit	1.1B	1.1B	902.5M	727.2M	854.5M	897.2M
Other Operating Expenses	678.0M	959.2M	565.1M	237.9M	386.1M	366.8M
Operating Income	845.5M	475.8M	761.4M	485.6M	767.5M	805.9M
Ebit	851.4M	550.6M	849.2M	1.0B	767.5M	805.9M
Ebitda	867.8M	572.7M	868.5M	1.1B	767.5M	805.9M
Total Operating Expenses	(681.5M)	(962.8M)	(568.5M)	381.1M	438.3M	460.2M
Income Before Tax	849.0M	479.4M	764.8M	952.8M	767.5M	805.9M
Total Other Income Expense Net	3.5M	(959.2M)	(87.0M)	(99.3M)	5.5M	5.7M
Net Income	672.3M	393.6M	600.7M	742.9M	603.1M	633.3M
Income Tax Expense	176.7M	85.8M	164.2M	209.8M	164.4M	172.6M
Cost Of Revenue	414.5M	366.8M	427.4M	463.5M	386.1M	366.8M
Net Income Applicable To Common Shares	672.3M	393.6M	600.7M	742.9M	854.4M	427.2M
Selling General Administrative	306.1M	280.7M	323.7M	381.1M	438.3M	251.3M
Net Income From Continuing Ops	672.3M	393.6M	600.7M	742.9M	622.8M	468.9M
Tax Provision	176.7M	85.8M	164.2M	209.8M	168.2M	176.0M
Interest Income	56.3M	71.2M	84.3M	84.5M	76.0M	59.3M
Net Interest Income	(56.3M)	(71.2M)	(84.3M)	(84.5M)	(90.7M)	(95.3M)
Reconciled Depreciation	72.7M	71.7M	3.5M	4.3M	5.7M	5.4M

Pair Trading with Radian

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Radian position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Radian will appreciate offsetting losses from the drop in the long position's value.

Moving together with Radian Stock

0.68	ESNT	Essent Group	Pair Corr
0.62	ACT	Enact Holdings	Pair Corr

Moving against Radian Stock

0.48	DIST	Distoken Acquisition	Pair Corr
0.44	ICCH	ICC Holdings	Pair Corr
0.4	AMSF	AMERISAFE	Pair Corr
0.4	AB	AllianceBernstein	Pair Corr
0.4	AC	Associated Capital	Pair Corr

The ability to find closely correlated positions to Radian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Radian when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Radian - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Radian Group to buy it.

The correlation of Radian is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Radian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radian Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Radian can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Radian Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Radian's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Radian Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Radian Group Stock:

How To Invest In Radian

Details

Is Radian Stock a good investment?

Details

What is Radian's Net Worth?

Details

Largest Commercial & Residential Mortgage Finance Companies

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Largest Insurance - Specialty Companies

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You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Radian. If investors know Radian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Radian listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.01

Dividend Share

0.96

Earnings Share

3.86

Revenue Per Share

8.473

Quarterly Revenue Growth

0.068

The market value of Radian Group is measured differently than its book value, which is the value of Radian that is recorded on the company's balance sheet. Investors also form their own opinion of Radian's value that differs from its market value or its book value, called intrinsic value, which is Radian's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Radian's market value can be influenced by many factors that don't directly affect Radian's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Radian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Radian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Radian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Radian Historical Income Statement

About Radian Income Statement Analysis

Radian Income Statement Chart

Other Operating Expenses

Cost Of Revenue

Tax Provision

Net Interest Income

Radian income statement Correlations

Radian Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Radian income statement Accounts

Pair Trading with Radian

Moving together with Radian Stock

Moving against Radian Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Ebitda	+ 1.0	Ebit
Income Before Tax	+ 0.98	Ebit
Income Before Tax	+ 0.97	Ebitda
Ebit	+ 0.94	Operating Income
Ebitda	+ 0.94	Operating Income
Income Before Tax	+ 0.94	Operating Income

Cost Of Revenue	- 1.0	Gross Profit
Total Operating Expenses	- 0.87	Other Operating Expenses
Non Recurring	- 0.82	Ebit
Non Recurring	- 0.81	Ebitda
Reconciled Depreciation	- 0.77	Total Operating Expenses
Non Recurring	- 0.75	Income Before Tax