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Radian Group Inc  (RDN)
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Radian Group Inc's

Competitiveness


 

RDN Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Radian Group Inc reported Revenue decrease in the 4 quarter 2023 year on year by -28.18 %, faster than the overall decrease of Radian Group Inc's competitors by -4.33 %, recorded in the same quarter.

List of RDN Competitors

With a net margin of 43.77 % Radian Group Inc achieved higher profitability than its competitors.

More on RDN Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Radian Group IncNet Income in the 4 quarter 2023 grew year on year by 611.08%, faster than the Radian Group Inc's competitors average income growth of 2.61 %

<<  RDN Stock Performance Comparisons


Radian Group Inc's Comment on Competitors and Industry Peers


We operate in the highly competitive U.S. mortgage insurance industry. Our competitors include other private mortgage insurers and federal and state governmental and quasi-governmental agencies, principally the FHA and VA.

We compete directly with the following six private mortgage insurers:

Arch U.S. MI (acquired CMG Mortgage Company effective January 30, 2014);

Essent Guaranty Inc.;

Genworth Financial Inc.;

Mortgage Guaranty Insurance Corporation;

NMI Holdings, Inc.; and

United Guaranty Corporation.

We compete with other private mortgage insurers primarily on the basis of price, underwriting guidelines, customer relationships, reputation, perceived financial strength (including based on credit ratings) and overall service. Service-based competition includes effective and timely delivery of products, timeliness of claims payments, customer service, timely and accurate servicing of policies, training, loss mitigation efforts and management and field service expertise. Pricing has always been competitive in the mortgage insurance industry. However, the presence of newer entrants in the industry has increased price competition as these companies seek to gain a greater presence in the market and more established industry participants seek to defend their market share and customer relationships. As a result, recent pricing trends have included: (i) the increased use of a spectrum of filed rates to allow for formulaic, risk-based pricing (commonly referred to as “black-box” pricing); (ii) a significant increase in the broad use of customized (often discounted) rates on lender-paid, Single Premium policies, and more recently, on borrower-paid, monthly premium policies; and (iii) overall reductions in standard filed rates on borrower-paid policies. The willingness of mortgage insurers to offer reduced pricing (through filed or customized rates) has been met with an increased demand from certain large lenders for reduced rate products. This has further intensified the pricing environment and has resulted in new pricing levels (whether through filed or customized rates) that private mortgage insurers are expected to meet in order to avoid risking a potential significant loss in NIW.


The heightened pricing competition has occurred in the context of generally higher capital requirements being applied to private mortgage insurers as a result of the PMIERs and more aggressive pricing by the FHA (which is most impactful with respect to high-LTV loans for borrowers with FICO scores below 720). This has produced a marketplace where balancing both targeted returns on new business and an acceptable share of the insured market has become increasingly challenging for all participants. In formulating our strategy in this environment, we have taken a disciplined approach to establishing rates and delivering a mix of business that is expected to produce our targeted level of returns on a blended basis and an acceptable level of NIW. In furtherance of this strategy, we recently: (1) increased our filed rates for lender-paid mortgage insurance; (2) continued to use the authority set forth in our rate filings to provide customized premiums for lender-paid, Single Premium mortgage insurance on a selective and negotiated basis while, importantly, declining to participate in significantly discounted, Single Premium business that has been offered for bid on an aggregated basis (which we estimate represented approximately 5% of the total private mortgage insurance market in 2015); and (3) determined to change our borrower-paid, filed rates in order to remain competitive, which generally will have the effect of decreasing our standard rates on higher FICO business and raising our rates on lower FICO business where the FHA is already very competitive.


We believe our Services business is uniquely positioned as a single provider of an array of outsourced services and solutions to participants in the mortgage value chain and that this position differentiates us from our competitors. We are not aware of any other company that provides a comparable range of services to the residential mortgage and real estate industries. However, our Services business has multiple competitors within each of its individual lines of business. Our competitors mainly include small privately-held companies and subsidiaries of large publicly-traded companies.
Significant competitors within each of our business lines include:

Loan Review and Due Diligence – American Mortgage Consultants, Inc. and JCIII & Associates (consolidated in a business combination as American Mortgage Consultants, Inc., effective December 2015), Digital Risk, LLC, LenderLive Network, Inc., Opus Capital Markets Consultants, LLC and Stewart Lender Services, Inc.

Surveillance – CoreLogic, Inc., Digital Risk, LLC, FTI Consulting, Inc., Pentalpha Surveillance LLC and Promontory Financial Group, LLC

Valuation and Component Services – Carrington Property Services, LLC, ClearCapital.com, Inc., CoreLogic, Inc., Pro Teck Valuation Services, First American, Collateral Analytics and Black Knight Financial Services

REO Management – Altisource Portfolio Solutions S.A., Solutionstar Holdings LLC, Stewart Lender Services, Inc. and VRM Mortgage Services

EuroRisk – Deloitte LLP, PricewaterhouseCoopers LLP, Ernst & Young LLP, KPMG LLP, Situs Group, LLC, Euristix Ltd, Rockstead Ltd and Grant Thornton
Across all business lines, we compete on the basis of industry expertise, price, technology, service levels and relationships.





  

Overall company Market Share Q4 2023

Overall company, revenue fell by -28.18 % and company lost market share, to approximately 1.89 %.




<<  More on RDN Market Share.
 
*Market share is calculated based on total revenue.

  News about Radian Group Inc Contracts

SOLD.com and Radian Partner to Offer Streamlined Title Insurance and Closing Platform

Wayne, PA - SOLD.com, a prominent online real estate marketplace and educational resource provider, has recently joined forces with titlegenius by Radian, a leading title insurance and closing platform. This collaboration aims to deliver SOLD.com's wide range of customers and extensive network of over 60,000 real estate agents with a transparent, secure, and user-friendly title and home closing solution.Through this partnership, SOLD.com users can now conveniently access instant title quotes, generate seller net sheets, open orders, and effortlessly track status updates, all in one centralized location. This integration of innovative technology will significantly enhance the real estate experience for clien...

Radian's Strategic Investment in FinLocker Paves the Way for Personalized Financial Empowerment and Homeownership

Radian Group Inc. (NYSE: RDN) has taken a significant step forward in its commitment to empowering homeownership and revolutionizing the way consumers navigate their financial journey. The company recently announced its strategic investment in FinLocker, an innovative personal financial fitness and homeownership tool. By harnessing advanced technology, FinLocker efficiently consolidates and analyzes consumers' financial data, presenting tailored paths to mortgage eligibility and other financial transactions.With the precise terms of the investment remaining undisclosed, Radian Group Inc.'s partnership with FinLocker perfectly aligns with the company's mission of making homeownership dreams come true. The col...





Who are Radian Group Inc's Competitors?




Genworth Financial Inc
Share Performance



+25.35%
One Year



Genworth Financial Inc
Profile

Genworth Financial Inc's business model revolves around providing insurance and financial solutions, focusing primarily on long-term care insurance, life insurance, mortgage insurance, and annuities. Their aim is to help individuals and families protect themselves financially, manage risks, and plan for the future.

More about Genworth Financial Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,799.762 mill. $ 7,488.000 mill. $ 139.000 mill.


Mgic Investment Corp
Share Performance



+5.59%
30 Days



Mgic Investment Corp
Profile

MGIC Investment Corp's business model revolves around providing mortgage insurance to lenders.

More about Mgic Investment Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,898.293 mill. $ 1,155.102 mill. $ 712.949 mill.


Mbia Inc
Share Performance



+13.19%
This Year



Mbia Inc
Profile

Mbia Inc's business model focuses on providing financial guarantees and insurance products, particularly in the areas of bond and municipal finance, to clients such as governments, financial institutions, and corporations.

More about Mbia Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 306.504 mill. $ 95.000 mill. $ -407.000 mill.


American International Group Inc
Share Performance



+7.17%
30 Days



American International Group Inc
Profile

American International Group Inc (AIG) is an insurance company that operates on a global scale. Their business model primarily involves underwriting various insurance policies, including property, casualty, life, and retirement products, and offering risk management solutions to help individuals and businesses mitigate potential financial losses. AIG also focuses on investing their premiums received to generate income and grow their capital reserves.

More about American International Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 54,674.450 mill. $ 46,802.000 mill. $ 3,878.000 mill.


Federal Agricultural Mortgage Corporation
Share Performance



0.00%
This Year



Federal Agricultural Mortgage Corporation
Profile

Federal Agricultural Mortgage Corporation, also known as Farmer Mac, operates as a government-sponsored enterprise in the United States. It provides a secondary market for agricultural real estate loans, rural utilities, and rural housing loans, by purchasing and guaranteeing them.

More about Federal Agricultural Mortgage Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 705.127 mill. $ 350.200 mill. $ 200.003 mill.


Arlington Asset Investment Corp
Share Performance



+4.54%
Over The Past 5 Days



Arlington Asset Investment Corp
Profile

Arlington Asset Investment Corp's business model is focused on investing in and managing a portfolio of mortgage-backed securities and other related assets.

More about Arlington Asset Investment Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 135.912 mill. $ 22.022 mill. $ 0.426 mill.


Mr Cooper Group Inc
Share Performance



-0.41%
Over The Past 5 Days



Mr Cooper Group Inc
Profile

Mr. Cooper Group Inc operates as a mortgage servicer and lender, focusing on helping customers navigate their homeownership journey.

More about Mr Cooper Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,991.096 mill. $ 1,794.000 mill. $ 500.000 mill.


Arch Capital Group Ltd
Share Performance



+20.98%
This Year



Arch Capital Group Ltd
Profile

Arch Capital Group Ltd operates as a global insurance and reinsurance company, providing risk management solutions to clients worldwide. Their business model involves underwriting various lines of insurance and reinsurance policies, generating revenue through premiums received, and managing risk through diversification and prudent investment strategies.

More about Arch Capital Group Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 34,632.892 mill. $ 13,634.000 mill. $ 4,442.000 mill.


Essent Group Ltd
Share Performance



+8.43%
This Quarter



Essent Group Ltd
Profile

Essent Group Ltd operates as a private mortgage insurance company, providing financial protection to lenders and investors against home mortgage credit risk. The company earns revenue through the collection of insurance premiums and investment income generated from the funds held to support insurance reserves.

More about Essent Group Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 5,830.358 mill. $ 1,109.759 mill. $ 696.386 mill.


Nmi Holdings Inc
Share Performance



-1.99%
Over The Past 5 Days



Nmi Holdings Inc
Profile

Nmi Holdings Inc operates as a private mortgage insurance company. They provide mortgage insurance products and related services to lenders and government sponsored entities, helping to protect them from credit losses on low down payment residential mortgage loans. Their business model primarily revolves around underwriting mortgage insurance and collecting premiums from lenders in exchange for assuming credit risk.

More about Nmi Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,477.059 mill. $ 579.003 mill. $ 322.110 mill.



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