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Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive Compensation and All Other Proposals; Company



  Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive
  Compensation and All Other Proposals; Company Declares Regular Quarterly
  Dividend on Common Stock

Business Wire

PHILADELPHIA -- May 15, 2013

Radian Group Inc. announced today that its stockholders re-elected eleven
directors, who serve one-year terms and are re-elected annually. The company’s
stockholders also approved all of the Board of Directors’ recommendations
presented for vote at Radian’s 2013 Annual Meeting, including an annual
advisory vote on Radian’s executive compensation, an increase in the company’s
authorized shares of common stock from 325 million to 485 million, and a
re-approval of each primary component of Radian’s tax benefit preservation
strategy.

Radian also announced that the company’s Board of Directors approved a regular
quarterly dividend on its common stock in the amount of $0.0025  per share,
payable on June 5, 2013, to stockholders of record as of May 28, 2013.

Chief Executive Officer S.A. Ibrahim addressed the attendees of Radian’s
Annual Meeting by stating, “Thanks to the determination and dedication of the
Radian team, we wrote an increasing volume of new mortgage insurance business
each consecutive quarter in 2012, and ended the year with more than double the
amount of business we wrote in 2011. In March this year, we successfully
completed a capital raise with net proceeds of $689 million. We now expect to
maintain a risk-to-capital ratio for Radian Guaranty of 20 to 1 or below for
the foreseeable future, while also preserving a strong level of holding
company liquidity.”

Ibrahim added, “Today, our immediate priority is to write as much new,
high-quality business as possible, as the FHA pulls back and as the housing
market recovers, which is expected to fuel our growth and position Radian for
a return to operating profitability. We believe Radian is in a strong position
to continue promoting and preserving low downpayment lending while continuing
to build stockholder value.”

About Radian

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk mitigation products and services to
mortgage lenders nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve homeownership
opportunities for homebuyers, while protecting lenders from default-related
losses on residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional information may
be found at www.radian.biz.

Forward-Looking Statements

All statements in this press release that address events, developments or
results that we expect or anticipate may occur in the future are
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and
the United States (“U.S.”) Private Securities Litigation Reform Act of 1995.
In most cases, forward-looking statements may be identified by words such as
“anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,”
“plan,” “goal,” “contemplate,” “believe,” “estimate,” “predict,” “project,”
“potential,” “continue,” or the negative or other variations on these words
and other similar expressions. These statements, which may include, without
limitation, projections regarding our future performance and financial
condition, are made on the basis of management’s current views and assumptions
with respect to future events. Any forward-looking statement is not a
guarantee of future performance and actual results could differ materially
from those contained in the forward-looking statement. These statements speak
only as of the date they were made, and we undertake no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. We operate in a changing environment.
New risks emerge from time to time and it is not possible for us to predict
all risks that may affect us. The forward-looking statements, as well as our
prospects as a whole, are subject to risks and uncertainties that could cause
actual results to differ materially from those set forth in the
forward-looking statements including:

  * changes in general economic and political conditions, including high
    unemployment rates and weakness in the U.S. housing and mortgage credit
    markets, a significant downturn in the U.S. or global economies, a lack of
    meaningful liquidity in the capital or credit markets, changes or
    volatility in interest rates or consumer confidence and changes in credit
    spreads, each of which may be accelerated or intensified by, among other
    things, legislative activity or inactivity or actual or threatened
    downgrades of U.S. credit ratings;
  * changes in the way customers, investors, regulators or legislators
    perceive the strength of private mortgage insurers or financial guaranty
    providers, in particular in light of developments in the private mortgage
    insurance and financial guaranty industries in which certain of our former
    competitors have ceased writing new insurance business and have been
    placed under supervision or receivership by insurance regulators;
  * our ability to maintain sufficient holding company liquidity to meet our
    short- and long-term liquidity needs;
  * our ability to maintain an adequate risk-to-capital position, minimum
    policyholder position and other surplus requirements for Radian Guaranty
    Inc. (“Radian Guaranty”), our principal mortgage insurance subsidiary;
  * a decrease in the persistency rates of our mortgage insurance policies,
    which has the effect of reducing our premium income on our monthly premium
    policies and could decrease the profitability of our mortgage insurance
    business;
  * heightened competition for our mortgage insurance business from others
    such as the FHA, the U.S. Department of Veterans Affairs and other private
    mortgage insurers, including in particular, those that have been assigned
    higher ratings than we have, that may have access to greater amounts of
    capital than we do, or that are new entrants to the industry and are
    therefore not burdened by legacy obligations;
  * changes to the current system of housing finance, including the
    possibility of a new system in which private mortgage insurers are not
    required or their products are significantly limited in effect or scope;
  * volatility in our earnings caused by changes in the fair value of our
    assets and liabilities carried at fair value, including our derivative
    instruments, and the impact of variable accounting for certain of our
    performance-based long-term compensation awards;

For more information regarding these risks and uncertainties as well as
certain additional risks that we face, you should refer to the Risk Factors
detailed in Item 1A of Part I of our Annual Report on Form 10-K for the year
ended December 31, 2012, and those risks detailed in subsequent reports and
registration statements filed from time to time with the U.S. Securities and
Exchange Commission. We caution you not to place undue reliance on these
forward-looking statements, which are current only as of the date on which we
filed this report. We do not intend to, and we disclaim any duty or obligation
to, update or revise any forward-looking statements made in this report to
reflect new information or future events or for any other reason.

Contact:

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz
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