PHILADELPHIA, Nov. 29 /PRNewswire-FirstCall/ -- Radian Group Inc.
(NYSE: RDN) announced today that it will release its financial results for
the fourth quarter and year-end 2006 on Tuesday, January 23, 2007, after
the U.S. financial markets close.
The news release will be immediately available on the company's website
at http://www.radian.biz > News. Radian's management team will conduct a
conference call on Wednesday, January 24, 2007, at 9:00 a.m. Eastern time
to discuss performance for the quarter and the year. The webcast will be
available on Radian's website at http://www.radian.biz > Investors >
Webcasts, Presentations and Transcripts. Details for accessing the
conference call will be available next month.
Radian also announced the following earnings release and conference
call dates for the 2007 fiscal year:
Reporting Period News Release Conference Call
First Quarter Tuesday, April 24, 2007 Wednesday, April 25, 2007
Second Quarter Tuesday, July 24, 2007 Wednesday, July 25, 2007
Third Quarter Tuesday, October 23, 2007 Wednesday, October 24, 2007
Fourth Quarter Tuesday, January 22, 2008 Wednesday, January 23, 2008
Radian Group Inc. is a global credit risk management company
headquartered in Philadelphia with significant operations in both New York
and London. Radian develops innovative financial solutions by applying its
core mortgage credit risk expertise and structured finance capabilities to
the credit enhancement needs of the capital markets worldwide, primarily
through credit insurance products. The company also provides credit
enhancement for public finance and other corporate and consumer assets on
both a direct and reinsurance basis and holds strategic interests in
credit-based consumer asset businesses. Additional information may be found
at http://www.radian.biz.
All statements made in this news release that address events or
developments 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 U.S. Private Securities Litigation Reform Act of 1995. These
statements are made on the basis of management's current views and
assumptions with respect to future events. The forward-looking statements,
as well as Radian's prospects as a whole, are subject to risks and
uncertainties, including the following: changes in general financial and
political conditions such as extended national or regional economic
recessions (or expansions), changes in housing values, population trends
and changes in household formation patterns, changes in unemployment rates,
and changes or volatility in interest rates; changes in investor perception
of the strength of private mortgage insurers or financial guaranty
providers; risks faced by the businesses, municipalities or pools of assets
covered by Radian's insurance; the loss of a customer with whom Radian has
a concentration of its insurance in force; increased severity or frequency
of losses associated with certain Radian products that are riskier than
traditional mortgage insurance and municipal guaranty insurance policies;
material changes in persistency rates of Radian's mortgage insurance
policies; changes in Radian's credit ratings or the insurance financial-
strength ratings assigned by the major ratings agencies to Radian's
operating subsidiaries; heightened competition from other insurance
providers and from alternative products to private mortgage insurance and
financial guaranty insurance; changes in the charters or business practices
of Fannie Mae and Freddie Mac; the application of federal or state
consumer-lending, insurance and other applicable laws and regulations, or
unfavorable changes in these laws and regulations or the way they are
interpreted, including: (i) the possibility of private lawsuits or
investigations by state insurance departments and state attorneys general
alleging that services offered by the mortgage insurance industry, such as
captive reinsurance, pool insurance and contract underwriting, are
violative of the Real Estate Settlement Procedures Act and/or similar state
regulations (particularly in light of inquiries that we and other mortgage
insurers have received from the New York Insurance Department and public
reports that other state insurance departments are investigating or
planning to investigate captive reinsurance arrangements used in the
mortgage insurance industry), or (ii) legislative and regulatory changes
affecting demand for private mortgage insurance or financial guaranty
insurance; the possibility that we may fail to estimate accurately the
likelihood, magnitude and timing of losses in connection with establishing
loss reserves for our mortgage insurance or financial guaranty businesses
or to estimate accurately the fair value amounts of derivative financial
guaranty contracts in determining gains and losses on these contracts;
changes in accounting guidance from the SEC or the Financial Accounting
Standards Board regarding income recognition and the treatment of loss
reserves in the mortgage insurance or financial guaranty industries;
changes in claims against mortgage insurance products resulting from the
aging of Radian's mortgage insurance policies; vulnerability to the
performance of Radian's strategic investments; changes in the availability
of affordable or adequate reinsurance for our non-prime risk; and
international expansion of our mortgage insurance and financial guaranty
businesses into new markets and risks associated with our international
business activities. For more information regarding these risks and
uncertainties, as well as certain additional risks that we face, investors
should refer to the risk factors detailed in Part I, Item 1A in our annual
report on Form 10-K for the year ended December 31, 2005 and the material
changes to these risks discussed in Part II, Item 1A in our quarterly
report on Form 10-Q for the quarter ended June 30, 2006. We caution you not
to place undue reliance on these forward-looking statements, which are
current only as of the date of this news release. Radian does not intend to
and disclaims any duty or obligation to update or revise any
forward-looking statements made in this news release to reflect new
information, future events or for any other reason.
SOURCE Radian Group Inc.
 back to top
Related links:
http://www.radian.biz
CONTACT:
Investors: Mona Zeehandelaar,
+1-215-231-1674, mona.zeehandelaar@radian.biz, or Media:
Corporate Communications, +1-888-NEWS- 520, media@radian.biz
|
