Radian Group Inc.

Public Company, Headquarters Location
1601 Market St., Philadelphia, PA 19103-2301, United States
(800)523-1988, (215)231-1000, http://www.radiangroupinc.com

Primary SIC: Surety Insurance, Primary NAICS: Direct Property and Casualty Insurance Carriers
Description: Radian Group Inc. was formed in 1999, when CMAC Investment Corporation merged with Amerin Corporation. The company is traded publicly on the New York Stock Exchange. With a primary focus of evaluating credit risk, Radian Group provides credit enhancement for the global financial and capital markets. The company provides products and services used in the areas of mortgage insurance, public finance, structured finance, reinsurance and other financial services to help clients and investors manage risk. Radian Group consists of a number of companies, which work together to provide credit enhancement services. These companies include: Radian Asset Assurance Inc., Radian Asset Assurance Limited, Radian Financial Products Limited, Radian Guaranty Inc. and Radian Insurance Inc. The company operates through three business segments: mortgage insurance, financial guaranty and financial services. The mortgage insurance segment provides credit protection for mortgage lenders and other companies on residential mortgage assets. The financial guaranty business provides insurance and reinsurance of municipal bonds, structured finance transactions and other credit-based risks. Finally, the financial services segment consists mainly of the company's interest in Sherman Financial Group LLC. Aside from its corporate headquarters in Philadelphia, Pa., Radian has locations in Australia, Hong Kong, London and New York City.Insurance: Underwriter of mortgage guaranty insurance. Finance: Holding company.