Radian completes a series of capital actions to enhance financial flexibility, approves new $300 million share repurchase authorization and sets webcast of fourth quarter 2022 financial results for february 9, 2023

Wayne, pa.--( business wire )--radian group inc. (nyse: rdn) announced today a series of capital actions to enhance financial flexibility that were completed as of year-end 2022. as a result of the favorable impact of these actions and radian's financial outlook, the company expects radian guaranty inc., the company's flagship mortgage insurance subsidiary, to begin paying recurring ordinary dividends to radian group with 2023 ordinary dividends projected to be between $300 to $400 million and ordinary dividends in future years expected to approximate radian guaranty's ongoing statutory earnings. in addition, the board of directors of radian group has approved a new share repurchase program of $300 million over two years. radian will hold a conference call on thursday, february 9, 2023, to discuss these items and other highlights from the company's fourth quarter and year-end 2022 financial results.
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