Radian Group Inc. (NYSE:RDN) Q2 2024 Earnings Conference Call August 1, 2024 12:00 PM ET

Company Participants

Dan Kobell - Head-Investor Relations & Capital Management
Rick Thornberry - Chief Executive Officer
Sumita Pandit - Chief Financial Officer
Derek Brummer - President, Radian Mortgage Insurance

Conference Call Participants

Bose George - KBW
Doug Harter - UBS
Soham Bhonsle - BTIG

Operator

Good day and thank you for standing by. Welcome to the Second Quarter 2024 Radian Group Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Dan Kobell, Head of Investor Relations and Capital Management. Please go ahead.

Dan Kobell

Thank you and welcome to Radian's Second Quarter 2024 Conference Call. Our press release which contains Radian's financial results for the quarter was issued yesterday evening and is posted to the Investors section of our website at radian.com. This press release includes certain non-GAAP measures that may be discussed during today's call, including adjusted pretax operating income, adjusted diluted net operating income per share and adjusted net operating return on equity. A complete description of all of our non-GAAP measures may be found in press release Exhibit F and reconciliations of these measures to the most comparable GAAP measures may be found in press release Exhibit G. These exhibits are on the Investors section of our website.

Today, you will hear from Rick Thornberry, Radian's Chief Executive Officer; and Sumita Pandit, Chief Financial Officer. Also on hand for the Q&A portion of the call is Derek Brummer, President of Radian Mortgage Insurance.

Before we begin, I would like to remind you that comments made during this call will include forward-looking statements. These statements are based on current expectations, estimates, projections and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially.

For a discussion of these risks, please review the cautionary statements regarding forward-looking statements included in our earnings release and the risk factors included in our 2024 Form 10-K and subsequent reports filed with the SEC. These are also available on our website.

Now, I would like to turn the call over to Rick.

Rick Thornberry

Thanks, Dan, and thank you all for joining us today. Last evening, we reported another quarter of excellent financial results for Radian. Our results continue to reflect the economic value of our high-quality and growing mortgage insurance portfolio, the resiliency of our company and varied interest rate environments, the strength and quality of our investment portfolio, our strong capital and liquidity positions and our ongoing strategic focus on managing operating expenses.