B
Radian Mortgage Assurance Inc
WaynePA
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2020, 2021, 2022 and 2023. Fair overall results on stability tests (4.3) including excessive premium growth. Strengths include potentially strong support from affiliation with Radian Group Inc.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business: Reinsurance (100.0%)
Licensed in: All states except NC, RI
Principal Investments: Investment grade bonds (48.6%), cash (0.3%), other (51.1%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Cash From Underwriting
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Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Radian Group Inc
Investment Rating
RDN
Company Address
550 East Swedesford Road
Wayne, PA 19087
Phone Number
(215) 564-6600
NAIC Number
30872
Largest Affiliates
A
Wayne, PA - P&C
B
Wayne, PA - P&C