Radian Group Inc. · Philadelphia, PA United States ·(NYSE: RDN)
Company Description
Phone: 215-231-1000
Fax: 215-854-1457
Toll Free: 800-523-1988
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This link will open in a new window Radian Group is spread out, but still has mortgage insurance at its center. Through subsidiaries Radian Guaranty , Amerin Guaranty, and Radian Insurance, Radian Group provides private mortgage insurance (PMI) coverage to protect lenders from defaults by borrowers who put down a deposit of less than 20% when buying a home. It also offers primary insurance (which provides protection on individual loans and covers unpaid loan principal and delinquent interest) and pool insurance (which covers limited exposure on groups of loans). Radian also insures and reinsures municipal bonds through its financial guaranty business. Radian Group's customers include mortgage bankers, commercial banks, and savings institutions. To read the full description, subscribe now.
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Key Radian Group Inc. Financials
| Company Type | Public - NYSE: RDN Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,808.0 |
| 2008 Employees | 835 |
Radian Group Inc. Executives
22 executives listed for Radian Group Inc.'s Philadelphia, PA location.
| Title | Name & Bio | Contact |
| Chairman | Herbert Wender | Network |
| CEO and Director | Sanford Ibrahim | Network |
| EVP and CFO | C. Robert Quint | Network |
Competition
Competitive Landscape for Radian Group Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Radian Group Inc. Competitors
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