Radian Group (RDN) FY2024 results: revenue $1.2 billion, up 2.5% on the year
Radian Group Inc. (RDN) reported revenue of $1.2 billion for fiscal 2024, the year ended 31 December 2024, up 2.5% on the year before. Net income was $604 million, up 0.2%, and diluted earnings per share $3.92. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$1.2 billion
+2.5% on the year
FY2017FY2024
Operating margin
70.1%
73.4% a year earlier
FY2017FY2024
Net income
$604 million
+0.2% on the year
FY2017FY2024
Diluted EPS
$3.92
+4.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-664
529
388
Capital expenditure
1.6
8.5
17.7
-81.7%
Free cash flow
-665
521
371
Free cash flow margin
-55.1%
44.2%
31.1%
Cash from investing
328
-301
-5.2
Cash from financing
357
-265
-479
Depreciation and amortisation
15.0
12.0
15.0
+25.0%
Share-based compensation
38.5
41.1
38.1
-6.5%
Buybacks
225
133
400
+68.8%
Dividends paid
152
146
135
+4.1%
Dividend per share
$0.98
$0.90
$0.80
+8.9%
Diluted shares, weighted
154m
160m
171m
-3.7%
Shares outstanding at period end
148m
153m
157m
-3.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
4,624
4,398
3,919
+5.1%
Other liabilities
4,066
3,196
3,144
+27.2%
Total liabilities and equity
8,690
7,594
7,064
+14.4%
Fixed assets
23.4
63.8
71.0
-63.4%
Goodwill
0.0
0.0
9.8
Intangible assets
0.0
0.0
n/a
Securities held for sale or to maturity
5,062
5,188
5,018
-2.4%
Cash and equivalents
19.2
19.0
56.2
+1.2%
Other assets
3,585
2,323
1,909
+54.3%
Total assets
8,690
7,594
7,064
+14.4%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.