@BBAA@@ l 1 dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U}$ }I; 1 RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries5 -Definition of Consolidated Non-GAAP FinancialMeasuresExhibit F (page 2 of 2) ~ .&Amortization or impairment of goodwill-%and other acquired intangible assets.2*Amortization of acquired intangible assets0(represents the periodic expense required3+to amortize the cost of acquired intangible1)assets over their estimated useful lives.5-Acquired intangible assets with an indefinite2*useful life are also periodically reviewed0(for potential impairment, and impairment2*adjustments are made whenever appropriate.3+These charges are not viewed as part of the7/operating performance of our primary activities7/and therefore are excluded from our calculation3+of adjusted pretax operating income (loss).~ 4,Net impairment losses recognized in earnings/'and infrequent or unusual non-operating0(items. The recognition of net impairmentD, lwk=]z+?Va= !"#$%&'()*+,-./0 0 (losses on investments and the impairment!!9!1of other long-lived assets can vary significantly""/"'in both amount and frequency, depending##2#*on market credit cycles and other factors.$$,$$Infrequent and unusual non-operating%%/%'items reflect activities that we do not&&0&(view to be indicative of our fundamental''1')operating activities. Therefore, whenever((0((these losses occur, we exclude them from))4),our calculation of adjusted pretax operating***income (loss).+++,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&U@_~3Nh=PF0*8X> @:00//.. l WJE dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }8 W RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN1)We have also presented a non-GAAP measure0 (for tangible book value per share, which0 (represents book value per share less the.&per-share impact of goodwill and other/'acquired intangible assets, net. We use5 -this measure to assess the quality and growth3+of our capital. Because tangible book value4,per share is a widely-used financial measure4,which focuses on the underlying fundamentals/'of our financial position and operating1)trends without the impact of goodwill and4,other acquired intangible assets, we believe.&that current and prospective investors3+may find it useful in their analysis of theCompany.2*In addition to the above non-GAAP measures2*for the consolidated company, we also have-%presented as supplemental information4,a non-GAAP measure for our Services segment,1)representing a measure of earnings before1)interest, income tax provision (benefit),1)depreciation and amortization (?EBITDA?).-%We calculate Services adjusted EBITDADlwBu<b-xl6b- !"#$%&'()*+,-./0123456789:;<=>?1 )by using adjusted pretax operating income/!'as described above, further adjusted to7"/remove the impact of depreciation and corporate.#&allocations for interest and operating5$-expenses. In addition, we also have presented5%-a related non-GAAP measure, Services adjusted5&-EBITDA margin, which we calculate by dividing.'&Services adjusted EBITDA by GAAP total1()revenue for the Services segment. We have.)&presented Services adjusted EBITDA and5*-Services adjusted EBITDA margin to facilitate2+*comparisons with other services companies,/,'since they are widely accepted measures/-'of performance in the services industry/.'and are used internally as supplemental//'measures to evaluate the performance of0our Services segment.1/2'See Exhibit G for the reconciliation of73/the most comparable GAAP measures, consolidated44,pretax income, diluted net income per share,25*return on equity and book value per share,.6&to our non-GAAP financial measures for17)the consolidated company, adjusted pretax.8&operating income, adjusted diluted net09(operating income per share, adjusted net0:(operating return on equity, and tangible3;+book value per share, respectively. Exhibit1<)G also contains the reconciliation of the1=)most comparable GAAP measure, net income,$>to Services adjusted EBITDA.?Dl]+NxELq< k6@ABCDEFGHIJKLMNOPQRSTUV/@'Total adjusted pretax operating income,-A%adjusted diluted net operating income0B(per share, adjusted net operating return1C)on equity, tangible book value per share,-D%Services adjusted EBITDA and Services7E/adjusted EBITDA margin should not be considered1F)in isolation or viewed as substitutes for.G&GAAP pretax income, diluted net income/H'per share, return on equity, book value0I(per share or net income. Our definitions5J-of adjusted pretax operating income, adjusted/K'diluted net operating income per share,0L(adjusted net operating return on equity,/M'tangible book value per share, Services3N+adjusted EBITDA or Services adjusted EBITDA7O/margin may not be comparable to similarly-named-P%measures reported by other companies.QRS$T____________________________1U)Created by Morningstar Document Research.0V(http://documentresearch.morningstar.com/2h3`-Y&wk_7=PF0*8X> @ l % dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }6}$ }}$ } } $ }}$ }}$ } }$ % RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries/ 'Consolidated Non-GAAP Financial MeasureReconciliationsExhibit G (page 1 of 4) -%Reconciliation of Consolidated Pretax2*Income to Adjusted Pretax Operating Income ~ ~ (In thousands) Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1"Consolidated pretax income~ "1 ~ ~ E~ n~ 0(Less reconciling income (expense) items: 3+Net gains (losses) on investments and other~ fV~ I ~ ~ R~ financial instruments( Acquisition-related expenses (1)~ ^~ ~ ~ -5-Amortization and impairment of other acquired~ ~ ~ ~ ~ intangible assets-%Impairment of other long-lived assets~ 6~ z ~ ~ ~ /'and infrequent or unusual non-operating items (2).&Total adjusted pretax operating income~ ZU~ R ~ n~ ~ ~ Dlwk= YAZ:Rcp=( !"#$ !$"____________________________1#)Created by Morningstar Document Research.0$(http://documentresearch.morningstar.com/ P=PF0*8X> @$$##"" l # dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U}$ }: # RADIAN GROUP INC8-K 05/01/2019NO TITLE~ /'Please see Exhibit F for the definition 0 (of this line item. This item is included . &within other operating expenses on the6.Condensed Consolidated Statement of Operations in Exhibit A.~ 4 ,The amounts for the three months ended March3+31, 2019 and December 31, 2018 are included4,in other operating expenses on the Condensed,$Consolidated Statement of Operations80in Exhibit A and primarily relate to impairments/'of other long-lived assets. The amounts1)for all other periods are included within1)restructuring and other exit costs on the6.Condensed Consolidated Statement of Operations in Exhibit A.~ .&Total adjusted pretax operating income4,on a consolidated basis consists of adjusted.&pretax operating income (loss) for our3+Mortgage Insurance segment and our Services/'segment, as further detailed in Exhibit E.DB l{.Ft$=Q :zV !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @""!! l -4*1 dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }6}$ } }$ } } $ } }$ } }$ }U}$ } }$ - RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries/ 'Consolidated Non-GAAP Financial MeasureReconciliationsExhibit G (page 2 of 4) 0(Reconciliation of Diluted Net Income Per/'Share to Adjusted Diluted Net OperatingIncome Per Share~ ~ Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1$Diluted net income per share(\?{Gz? Q?Q?p= ף? 3+Less per-share impact of reconciling income (expense) items:3+Net gains (losses) on investments and other? {GzQ ףp= financial instruments5-Amortization and impairment of other acquired{Gz {Gz {Gz{Gz{Gzintangible assets-%Impairment of other long-lived assets{Gz {Gz {Gz - -/'and infrequent or unusual non-operating items5-Income tax provision (benefit) on reconciling{Gz? {Gz {Gz{Gz{GzDlwk= Y=1 aP !"#$%&'()*+," income (expense) items (1)2!*Difference between statutory and effective!!!!{Gz!!!! ! -! !!! !-!!!!!333333?!~ !!!!{Gz?!"tax rate.#&Per-share impact of reconciling income####?##### Q# ### ######HzG?#####Q뱿#$(expense) items-%%Adjusted diluted net operating income%%%\(\?%%%%ffffff?% %%% Q?%%%%Gz?%%%%zG?%& per share (1)''''''''' ''' '''''''''()$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/JbNx_cWK#=PF0*8X> @,,++**%%%% %% %%%% l +FbM dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }6}$ } }$}$ } }$} $ } }$} $ } }$}U}$ } }$ + RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries/ 'Consolidated Non-GAAP Financial MeasureReconciliationsExhibit G (page 3 of 4) 6.Reconciliation of Return on Equity to Adjusted*"Net Operating Return on Equity (1)~ ~ Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1Return on equity (1)~ N %ffffff0@ % ffffff1@ % 33333:@ %333333.@ %3+Less impact of reconciling income (expense) items: (2)3+Net gains (losses) on investments and other333333@ffffff financial instruments$Acquisition-related expenses - - -5-Amortization and impairment of other acquiredɿٿ ٿ ٿٿintangible assets-%Impairment of other long-lived assets333333ɿ - -/'and infrequent or unusual non-operating items5-Income tax provision (benefit) on reconciling333333?ٿ 333333ӿ 333333ӿ333333"income (expense) items (3)Dllwk= XL^ !"#$%&'()*2 *Difference between statutory and effective - ? !@ ~ 333333? !tax rate."&Impact of reconciling income (expense)"""?"""""" " """ ""@"""~ "" #items/$'Adjusted net operating return on equity$$$333331@ $%$$$fffff1@ $%$ $ ~ $N $%$ $$L3@ $%$$$1@ $%%%%%%%%%%% % %%% %%%%%%%&'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/eo^ =PF0*8X> @**))(( l B[ dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U}$ }8 RADIAN GROUP INC8-K 05/01/2019NO TITLE~ -%Calculated by dividing annualized net / 'income by average stockholders? equity, 1 )based on the average of the beginning and2*ending balances for each period presented.~ .&Annualized, as a percentage of average stockholders? equity.~ .&Calculated using the company?s federal0(statutory tax rate of 21%. Any permanent.&tax adjustments and state income taxes2*on these items have been deemed immaterialand are not included.~ /'Includes 9.4% of tax benefit related to/'the settlement of the IRS Matter, which2*includes both the impact of the settlement7/with the IRS as well as the reversal of certain2*related previously accrued state and localtax liabilities.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/BX{0Jy-\v#}qe==PF0*8X> @ l vi dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U5}$ } }$ } } $ } } $ } }$ } RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN.&Reconciliation of Book Value Per Share, $to Tangible Book Value Per Share (1) ~ ~ Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1 Book value per share = ףp}1@ ףp= W0@ zGa/@ Q.@ RQ,@4,Less: Goodwill and other acquired intangibleHzG?Q? p= ף? Q?Q?assets, net per share%Tangible book value per shareQ81@(\0@ \(.@ (\u-@(\+@ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2wE =PF0*8X> @ l 1 dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }6}$ }}$ } } $ }}$ }}$ } }$ 1 RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries/ 'Consolidated Non-GAAP Financial MeasureReconciliationsExhibit G (page 4 of 4) 0(Reconciliation of Net Income to ServicesAdjusted EBITDA~ ~ (In thousands) Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1 Net income~ 6o ~ ~ 6~ ~ 0(Less reconciling income (expense) items: 3+Net gains (losses) on investments and other~ fV~ I ~ ~ R~ financial instruments$Acquisition-related expenses~ ^~ ~ ~ -5-Amortization and impairment of other acquired~ ~ ~ ~ ~ intangible assets-%Impairment of other long-lived assets~ 6~ z ~ ~ ~ /'and infrequent or unusual non-operating items&Income tax provision (benefit)~ ~ = ~ ~ D~ Ҵ4,Mortgage Insurance adjusted pretax operating~ ~ " ~ 2}~ ~ z Dlwk= qe &fVn]L !"#$%&'()*+,-./0 income1!)Services adjusted pretax operating income!!!~ !!!!!~ ! f! !!! ~ !>!!!!~ !!!!!~ !"!"(loss)########## ######0$(Less reconciling income (expense) items:$$$$$$$$$ $$$$$$2%*Allocation of corporate operating expenses%%%~ %־%%%%~ % % %%% ~ %%%%%~ %%%%%~ %%&to Services0'(Allocation of corporate interest expense''' '-''''~ ' v' ''' ~ 'r''''~ 'v''''~ 'v'(to Services.)&Services depreciation and amortization)))~ )v))))~ ) ) ))) ~ ).))))~ )))))~ )v) *Services adjusted EBITDA**~ *j***~ *b2* **~ * ***~ *z***~ **+++++++++ +++ +++++++++,-$.____________________________1/)Created by Morningstar Document Research.00(http://documentresearch.morningstar.com/&@q]F^@D8,=PF0*8X> @00//..**** ** **** l 2 dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }$4}$ } }$}$ } } $} $ } }$}$ } }$}$ } }$ 2 RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN * "Radian Group Inc. and Subsidiaries3 +Mortgage Insurance Supplemental Information- New Insurance Written Exhibit H ~ ~ ($ in millions) Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1 +#Total primary new insurance written~ R~ ~ R~ ~ B 3+Percentage of primary new insurance written by FICO score (1) >=740L@ % LK@ % K@ %~ %333333L@ %680-739YA@ fffffA@ YA@33333A@33333A@620-679@ 333333#@ #@333333 @@ Total Primary~ %~ % ~ %~ %~ % 3+Percentage of primary new insurance written Borrower-paid~ ~ %~ z % ~ n %~ f %~ N % "Percentage by premium type 3+Direct monthly and other recurring premiums~ N %~ N % ~ : %~ 2 %~ > %#Direct single premiums (2): Dlw?>VZ='8Z !"#$%&'()*+,-./01 Lender-paid ~ % ~ % ~ " % ~ * % ~ B %!Borrower-paid (3)!!!~ !6 !%!!!~ ! 2 ! %!!! ~ !: !%!!!~ !: !%!!!~ ! !%+"#Total primary new insurance written"""~ " "%"""~ " " %""" ~ " "%"""~ " "%"""~ " "%########## # ### ############$NIW for purchases$$$~ $r $%$$$~ $ ~ $ %$$$ ~ $ $%$$$~ $~ $%$$$~ $f $%%NIW for refinances%%%~ %" %%%%%~ % % %%%% ~ % %%%%%~ % %%%%%~ %. %%&&&&&&&&&& & &&& &&&&&&&&&&&&'Percentage by LTV''''''''' ' ''' ''''''''''''(95.01% and above((((333333@ (%(((( L2@ ( %((( (fffff0@ (%((((L0@ (%((((.@ (%)90.01% to 95.00%))))33333sD@ )%)))) ̌E@ ) %))) )fffff&F@ )%))))fffffF@ )%))))@F@ )%*85.01% to 90.00%****L;@ *%**** ;@ * %*** *fffff;@ *%****;@ *%****;@ *%+85.00% and below++++333333(@ +%++++ 333333&@ + %+++ +%@ +%++++%@ +%++++333333)@ +%,,,,,,,,,, , ,,, ,,,,,,,,,,,,-.$/____________________________10)Created by Morningstar Document Research.01(http://documentresearch.morningstar.com/(sTV\A^=PF0*8X> @1100// l g dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U}$ }8 RADIAN GROUP INC8-K 05/01/2019NO TITLE~ .&For loans with multiple borrowers, the 3 +percentage of primary new insurance written 2 *by FICO score represents the lowest of the1)borrowers? FICO scores. All periods prior7/to March 31, 2019 had previously been presented 7 /based on the FICO score of the primary borrower4,and have been restated to reflect the lowest&of the borrowers? FICO scores.~ 6.Percentages exclude the impact of reinsurance.~ -%Borrower-paid Single Premium Policies0(have lower Minimum Required Assets under0(PMIERs as compared to lender-paid SinglePremium Policies.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:H{/EO n"}qe==PF0*8X> @ l G dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }6}$ } }$}$ } } $} $ } }$}$ } }$}$ } }$ G RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN * "Radian Group Inc. and Subsidiaries3 +Mortgage Insurance Supplemental Information0(- Primary Insurance in Force and Risk in Force Exhibit I (page 1 of 2) March 31,December 31, September 30,June 30, March 31,($ in millions)~ ~ ~ ~ ~ &Primary insurance in force (1) Prime~ Q ~ * ~ ~ {~ V#Alt-A and A minus and below~ V~ "Y ~ \~ `~ d Total Primary~ ڧ ~ ~ "@ ~ ~ s %Primary risk in force (1) (2) Prime~ k~ :a ~ bN~ z3~ #Alt-A and A minus and below~ n~ * ~ ~ ~ Total Primary~ F~ bv ~ fd~ J~ . +#Percentage of primary risk in force 3+Direct monthly and other recurring premiums~ %~ % ~ %~ %~ %Direct single premiums~ v %~ z % ~ z %~ z %~ ~ % 3+Percentage of primary risk in force by FICO Dlw?rfsD9<1._ !"#$%&'()*+,-./0123456789:;<=>? score (3) !>=740!!!!K@ !%!!!! ̌K@ ! %!!! !̌K@ !%!!!~ ! !%!!!~ ! !%"680-739""""ffffffA@""""" ffffffA@" """ "YA@"""""LA@"""""@A@"#620-679####ffffff"@##### "@# ### #"@#####"@######@#$$$$$?$$$$$ ?$ $$$ $?$$$$~ $$$$$~ $$% Total Primary%%%~ % %%%%%~ % % %%%% ~ % %%%%%~ % %%%%%~ % %%&&&&&&&&&& & &&& &&&&&&&&&&&&2'*Percentage of primary risk in force by LTV''''''''' ' ''' ''''''''''''(95.01% and above((((ffffff(@ (%(((( 333333'@ ( %((( ~ (. (%(((($@ (%((((ffffff#@ (%)90.01% to 95.00%)))~ )))))) ̌J@) ))) )̌J@)))))fffffJ@)))))J@)*85.01% to 90.00%****<@****~ * v* *** *ffffff=@*****33333=@*****333333>@*+85.00% and below++++@+++++ 333333@+ +++ +@+++++@+++++@+ ,Total,,,~ , ,%,,,~ , , %,,, ~ , ,%,,,~ , ,%,,,~ , ,%---------- - --- ------------5.-Percentage of primary risk in force by policy......... . ... ............/year02008 and prior0000333333#@00000 333333$@0 000 0%@00000'@0000~ 060~ 1f1111333333?11111 ?1 111 1?11111?11111?1~ 2j2222333333?22222 333333?2 222 2333333?22222?22222?2~ 3n3333ffffff?33333 ?3 333 3?3333~ 333333333333?3~ 4r4444ffffff @44444 @4 444 4ffffff@44444@44444ffffff@4~ 5v5555333333@55555 @5 555 5@55555@55555ffffff @5~ 6z6666333333@66666 ffffff@6 666 6@66666ffffff@66666@6~ 7~7777ffffff#@77777 ffffff$@7 777 7%@77777'@7777~ 767~ 8888~ 8B88888 0@8 888 8fffff1@888883333333@888884@8~ 99999L4@99999 5@9 999 ~ 9Z999993333337@999998@9~ :::::7@::::: L8@: ::: :ffffff3@::::~ :6:::::ffffff@:~ ;;;;;@;;;; ; -; ;;; ;-;;;; ;-;;;; ;-; <Total<<<~ < <%<<<~ < < %<<< ~ < <%<<<~ < <%<<<~ < <%========== = === ============0>(Primary risk in force on defaulted loans>>~ >>>>~ >"> >>~ > >>>~ >>>>~ >>?????????? ? ??? ????????????DW*l676r#[WSWۏ@ABCDEF%@Table continued on next page.@@@@@@@@@ @ @@@ @@@@@@@@@@@@AAAAAAAAAA A AAA AAAAAAAAAAAABC$D____________________________1E)Created by Morningstar Document Research.0F(http://documentresearch.morningstar.com/xsg[3=PF0*8X> @Z+FFEEDD>>>> >> >>>> l L, dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }0}$ } }$}$ } }$} $ } }$} $ } }$}$ } }$ RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries3 +Mortgage Insurance Supplemental Information0(- Primary Insurance in Force and Risk in Force Exhibit I (page 2 of 2)( Table continued from prior page. March 31,December 31, September 30, June 30, March 31,~ ~ ~ ~ ~ *"Persistency Rate (12 months ended)T@ %fffffT@ % YT@ % 9T@ %~ F %0(Persistency Rate (quarterly, annualized)YU@ %`U@ % T@ % 33333T@ %33333U@ %~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< wk=fZg`=PF0*8X> @ l : dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U}$ }8 RADIAN GROUP INC8-K 05/01/2019NO TITLE~ 3+Excludes the impact of premiums ceded under # our reinsurance agreements.~ 4 ,Does not include pool risk in force or other/'risk in force, which combined represent/'approximately 1.0% of our total risk in ( force for all periods presented.~ .&For loans with multiple borrowers, the3+percentage of primary risk in force by FICO5-score represents the lowest of the borrowers?/'FICO scores. All periods prior to March.&31, 2019 had previously been presented7/based on the FICO score of the primary borrower4,and have been restated to reflect the lowest&of the borrowers? FICO scores.~ 7/The Persistency Rate on a quarterly, annualized/'basis may be impacted by seasonality or0(other factors, and may not be indicativeof full-year trends.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D l{*Ns$>Ym5=PF0*8X> @ l (W\ dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }1}$ } }$ }} $ } }$ }}$ }}$ ( RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries. &Mortgage Insurance (?MI?) Supplemental)!Information - Claims and ReservesExhibit J (page 1 of 2) ~ ~ ($ in thousands) Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1 Net claims paid: (1) Prime~ t~ b ~ 6~ b~ ZD#Alt-A and A minus and below~ f~ ~ ~ ~ N!Total primary claims paid~ B ~ % ~ ~ r~ Pool~ V~ Z ~ ~ ~ Second-lien and other~ ~ ~ ~ v~ RSubtotal~ z~ ( ~ >~ ~ J&Impact of captive terminations -~ . - -~ r"Impact of commutations (2) -~ O ~ ~ r~ Total net claims paid~ z~ l ~ ޥ~ Zs~ Z 'Average net claim paid: (1) (3) PriměG@H@ 33333sI@I@~ #Alt-A and A minus and below̌J@̌N@ 33333M@lP@~ ,$Total average net primary claim paidLH@~ J@ffffffK@K@D`lwk=WnZ2K`' !"#$%&' 1!)Average direct primary claim paid (3) (4)!!!H@!!!33333sJ@! ! !!K@!!!K@!!!@K@!"""""""""" " """ """""""""#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/y=PF0*8X> @"''&&%%!!!!!! !!!! l g dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }U}$ }I; RADIAN GROUP INC8-K 05/01/2019NO TITLE~ &Net of reinsurance recoveries.~ - %Includes payments to commute mortgage 0 (insurance coverage on certain performing!and non-performing loans.~ /'Calculated without giving effect to the 9 1impact of the termination of captive transactionsand commutations.~ &Before reinsurance recoveries.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0={7cH$=PF0*8X> @ l (ȃf dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (25)ABOUT RADIAN (26)ABOUT RADIAN (27)U }6}$ } }$ } } $ } } $ } }$ } ( RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN* "Radian Group Inc. and Subsidiaries. &Mortgage Insurance (?MI?) Supplemental)!Information - Claims and ReservesExhibit J (page 2 of 2) /'($ in thousands, except primary reserve March 31,December 31, September 30, June 30, March 31,$per primary default amounts)~ ~ ~ ~ ~ *"Reserve for losses by category (1) *"Mortgage insurance (?MI?) reserves Prime~ ~ ^ ~ ~ %~ M#Alt-A and A minus and below~ N~ L ~ F ~ ~ IBNR and other~ B~ ~ ~ ~ 2LAE~ ~ ~ ~ ~ ~ Total primary reserves~ ~ ~ ~ 8 ~ ~ Total pool reserves~ ~ ~ ~ ~ ºTotal 1st lien reserves~ ~ ^B ~ ~ R~ Other~ ~ ~ r ~ ~ rTotal MI reserves~ F~ I ~ R ~ zY~ "Services reserves~ ~5~ :6 ~ b6 ~ 5~ "6Total reserves~ º~ F ~ , ~ Z~ B $1st lien reserve per default Dlwk=wsjN5 !"#$%&'5 -Primary reserve per primary default excluding ~ ~ ~ ~ ) ~ n!!IBNR and other"""""""""" " """ """""""#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/V =PF0*8X> @ ''&&%% l / dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (26)ABOUT RADIAN (27)U }%}$ } }$}$ } }$} $ } }$} $ } }$}$ } }$ / RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN * "Radian Group Inc. and Subsidiaries3 +Mortgage Insurance Supplemental Information- Default Statistics Exhibit K March 31,December 31, September 30, June 30, March 31,~ ~ ~ ~ ~ Default Statistics Primary Insurance: Prime Number of insured loans~ Ƹ<~ B9< ~ *4; ~ v9~ B8"Number of loans in default~ ~ ~ ~ ~ ~&Percentage of loans in defaultףp= ? %(\? % p= ף? % Q? %zG? % #Alt-A and A minus and below Number of insured loans~ .~ 1 ~ RF ~ _~ V{"Number of loans in default~ R~ X ~ z[ ~ ~a~ h&Percentage of loans in defaultq= ףp.@ %33333/@ % Qk/@ % ףp= 0@ %0@ % Total Primary Number of insured loans~ >~ Jj> ~ zz= ~ &/<~ :&Number of loans in default (1)~ j:~ I ~ D ~ "Y~ V&Percentage of loans in default333333? %{Gz@ % {Gz@ % Q@ %ffffff@ %Dlw{M nQ1 !"#$%&'()*+,-. 2!*(1) Includes the following amounts related/"'to the FEMA Designated Areas associated2#*with Hurricanes Harvey and Irma, as of the$dates presented:%%%%%%%%%% % %%% %%%%%%%&&&& March 31,&&&December 31,& & & September 30,& &&June 30,&&& March 31,'''~ '''~ '' ' ~ '' '~ '''~ ''(Number of FEMA loans in default((~ (%(((~ ()(( ( ~ ( .(( (~ (@(((~ (RZ()))))))))) ) ))) )))))))*+$,____________________________1-)Created by Morningstar Document Research.0.(http://documentresearch.morningstar.com/"feIMZkocW/=PF0*8X> @..--,,''''''''''&&&&&&&&&&$$##""!! l 4 dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (27)U }6}$ }y}$}$ } y} $} $ }y}$}$ }y}$}$ }y}$ 4 RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN * "Radian Group Inc. and Subsidiaries3 +Mortgage Insurance Supplemental Information- Reinsurance Programs Exhibit L ~ ~ ($ in thousands) Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1 2*Quota Share Reinsurance (?QSR?) and Single Premium QSR Programs"Ceded premiums written (1)~ m~ ~ zx~ ~ *4% of premiums written@ % 333333@ % !@ %~ . %ffffff@ %Ceded premiums earned~ ~ ~ ~ ~ % of premiums earned@ % ffffff@ % @ %@ %@ %"Ceding commissions written~ ^I~ ] ~ r~ 2~ y%Ceding commissions earned (2)~ ~ x ~ ւ~ n~ Profit commission~ ڰ~ : ~ z~ Z~ Ceded losses~ ^~ ~ ~ ~ Excess-of-Loss Program "Ceded premiums written (1)~ -~ ƌ $- $- $-% of premiums written? % ffffff @ % - % - % - %Ceded premiums earned~ 3~ $ $- $- $-Dlw??V|fC,t !"#$%&'()*+,-./0123 % of premiums earned 333333? % ? % - % - % - %!!!!!!!!!! ! !!! !!!!!!!!!!!!" Ceded RIF (3)""""""""" " """ """"""""""""#QSR Program##~ #N3###~ #:7# ##~ # ^x;###~ #?###~ #OE#"$Single Premium QSR Program$$$~ $ʛ$$$$~ $ $ $$$ ~ $P$$$$~ $Z$$$$~ $Z$%Excess-of-Loss Program%%%~ %ƿ%%%%~ % B% %%% %-%%%% %-%%%% %-%&Total Ceded RIF&&~ &BG&&&~ &&E& &&~ & &"&&&~ &&&&~ &W&'''''''''' ' ''' ''''''''''''5(-PMIERs impact - reduction in Minimum Required((((((((( ( ((( (((((((((((() Assets (4)*QSR Program**~ ****~ *z* **~ * ****~ *~d***~ **"+Single Premium QSR Program+++~ +"++++~ + :+ +++ ~ +21++++~ +~++++~ +L+,Excess-of-Loss Program,,,~ ,ƿ,,,,~ , B, ,,, ,-,,,, ,-,,,, ,-,-Total PMIERs impact--~ -z=---~ ->- --~ - ["---~ -F!---~ -: -.......... . ... ............/0$1____________________________12)Created by Morningstar Document Research.03(http://documentresearch.morningstar.com/,|h#aL,znF=PF0*8X> @RJ332211---- -- ----**** ** ****&&&& && &&&&#### ## #### l 6 dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??& SIGNATURESFinancial Highlights NO TITLEABOUT RADIANIncome StatementABOUT RADIAN (1)ABOUT RADIAN (2) Balance SheetABOUT RADIAN (3)NO TITLE (1)ABOUT RADIAN (4)ABOUT RADIAN (5)ABOUT RADIAN (6)ABOUT RADIAN (7)ABOUT RADIAN (8)ABOUT RADIAN (9)ABOUT RADIAN (10)ABOUT RADIAN (11)ABOUT RADIAN (12)ABOUT RADIAN (13)ABOUT RADIAN (14)ABOUT RADIAN (15)NO TITLE (2)ABOUT RADIAN (16)ABOUT RADIAN (17)NO TITLE (3)ABOUT RADIAN (18)ABOUT RADIAN (19)ABOUT RADIAN (20)NO TITLE (4)ABOUT RADIAN (21)ABOUT RADIAN (22)NO TITLE (5)ABOUT RADIAN (23)NO TITLE (6)ABOUT RADIAN (24)ABOUT RADIAN (25)ABOUT RADIAN (26)U }a}$ RADIAN GROUP INC8-K 05/01/2019ABOUT RADIAN ~ ~ ($ in thousands) Qtr 1 Qtr 4 Qtr 3 Qtr 2 Qtr 1 Ceding commissions~ ֧~ Τ ~ r~ ~ 2 $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*Shw#" =PF0*8X> @z Root Entry FBook !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~ !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~