WAYNE, Pa. (AP) — WAYNE, Pa. (AP) — Radian Group Inc. (RDN) on Wednesday reported profit of $154.8 million in its fourth quarter.
The Wayne, Pennsylvania-based company said it had profit of $1.12 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to $1.16 per share.
The mortgage insurer posted revenue of $300.5 million in the period. Its adjusted revenue was $301.7 million.
For the year, the company reported profit of $582.6 million, or $4.14 per share. Revenue was reported as $1.2 billion.
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