Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Radian Plunges as Insurer Posts Second Straight Loss

Radian Group Inc., the insurer of U.S. mortgages, fell the most since February after reporting a second straight quarterly loss.

Radian plunged 7.4 percent to close at $2.89 in New York. The Philadelphia-based firm’s shares gained 33 percent this year through yesterday.

The insurer posted a first-quarter net loss of $169.2 million, or $1.28 a share, compared with a profit of $103 million, or 77 cents a share, a year earlier, the firm said today in a statement. That missed by 43 cents the average estimate of three analysts surveyed by Bloomberg. Mortgage insurers pay lenders when homeowners default and foreclosures fail to recoup costs.

“Financial results for the quarter continue to reflect the challenges of the macroeconomic environment and our legacy portfolio,” Chief Executive Officer S.A. Ibrahim said in the statement.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.