<SEC-DOCUMENT>0001157523-16-004330.txt : 20160128
<SEC-HEADER>0001157523-16-004330.hdr.sgml : 20160128
<ACCEPTANCE-DATETIME>20160128083035
ACCESSION NUMBER:		0001157523-16-004330
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160128
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160128
DATE AS OF CHANGE:		20160128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11356
		FILM NUMBER:		161366699

	BUSINESS ADDRESS:	
		STREET 1:		1601 MARKET STREET
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1601 MARKET ST
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51268366.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
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          &#160;
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      DC 20549</b></font><br>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of report (Date of earliest event reported) </b></font><b><u><font style="font-family: Times New Roman; font-size: 10pt">January
      28, 2016</font></u></b><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p style="text-align: center">
      <font style="font-size: 17pt"><b>Radian Group Inc.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Exact
      Name of Registrant as Specified in Its Charter)</b></font><br>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p style="text-align: center">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman; margin-left:auto;margin-right:auto">
      <tr>
        <td valign="top" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 34%; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1-11356</b></font>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 33%; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>23-2691170</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or Other Jurisdiction<br>of Incorporation)</b>
          </p>
        </td>
        <td valign="bottom" style="width: 34%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission<br>File Number)</b>
          </p>
        </td>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(IRS Employer<br>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="width: 60%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1601
            Market Street, Philadelphia, Pennsylvania</b></font>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; width: 40%; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>19103</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 60%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
        </td>
        <td valign="bottom" style="width: 40%; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>(215) 231 - 1000</b><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 10pt"><b>(Registrant&#8217;s
      Telephone Number, Including Area Code)</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Former
      Name or Former Address, if Changed Since Last Report)</b></font><br><br>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>&#160;(<i>see </i>General Instruction
      A.2. below)<font style="font-family: Times New Roman; font-size: 10pt">:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      On January 28, 2016, Radian Group Inc. issued a news release announcing
      its financial results for the quarter ended December 31, 2015 and the
      full year 2015. A copy of this news release is furnished as Exhibit 99.1
      to this report.
    </p>
    <p>
      The information included in, or furnished with, this report shall not be
      deemed &quot;filed&quot; for purposes of Section&#160;18 of the Securities Exchange Act
      of 1934 (the &quot;Exchange Act&quot;), nor shall it be deemed incorporated by
      reference in any filing under the Securities Act of 1933 or the Exchange
      Act, except as shall be expressly set forth by specific reference in
      such filing.
    </p>
    <p>
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      <b>(d) <i>Exhibits.</i></b>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      99.1*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Radian Group Inc. News Release dated January 28,
      2016.
    </p>
    <p>
      _____________________<br>*&#160;&#160;Furnished herewith.
    </p>
    <p>

    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: left">


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      <br>

    </p>
<div style="text-align:left">
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      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 49%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 49%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          (Registrant)
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 49%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; width: 6%; padding-left: 0.0px; text-align: left">
          Date:
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 49%; padding-left: 0.0px; text-align: left">
          January 28, 2016
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 4%; padding-left: 0.0px; text-align: left">
          By:
        </td>
        <td valign="top" style="width: 41%; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ J. Franklin Hall
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 49%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="width: 41%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            J. Franklin Hall
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 49%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="width: 41%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT&#160;INDEX</b><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>No.</b>
          </p>
        </td>
        <td valign="bottom" style="padding-bottom: 2.0px; width: 4%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="bottom" style="width: 84%; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Description</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="width: 84%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 12%; padding-left: 0.0px; text-align: left">
          99.1*
        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="width: 84%; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Radian Group Inc. News Release dated January 28, 2016.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="width: 84%; padding-left: 0.0px; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            * Furnished herewith.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51268366ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Radian
      Announces Fourth Quarter and Full Year 2015 Financial Results</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>- Full
      year 2015 net income of $287 million or $1.22 per diluted share &#8211;</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>- Full
      year 2015 adjusted pretax operating income of $511 million or $1.40 per
      diluted share &#8211;</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>- Book
      value per share increases 10% year-over-year to $12.07 &#8211;</b></font>
    </p>
    <p>
      PHILADELPHIA--(BUSINESS WIRE)--January 28, 2016--Radian Group Inc.
      (NYSE: RDN) today reported net income for the quarter ended December 31,
      2015, of $74.5 million, or $0.32 per diluted share. Net income for the
      full year 2015 was $286.9 million, or $1.22 per diluted share. GAAP net
      income for 2015 and 2014 are not directly comparable due to the
      significant impact in 2014 of the sale of Radian Asset Assurance Inc.,
      Radian&#8217;s former financial guaranty subsidiary, and the reversal of the
      company&#8217;s deferred tax asset (DTA) valuation allowance.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Key Financial Highlights</b> <i>(dollars in millions, except
            per share data)</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Quarter Ended
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            December 31, 2015
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Quarter Ended
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            December 31, 2014
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Percent
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Change
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Net income from continuing operations
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $74.5
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $878.0
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (92%)
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Diluted net income per share from continuing operations
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $0.32
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $3.63
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (91%)
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Adjusted pretax operating income
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $124.1
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $58.4
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          113%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Adjusted diluted net operating income per share *
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $0.34
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $0.17
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          100%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Revenues
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $274.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $295.1
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (7%)
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Net premiums earned - insurance
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $226.4
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $224.3
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Income (loss) on discontinued operations, net of tax
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ($449.7)
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Income tax benefit resulting from reversal of DTA valuation allowance
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $815.6
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Year Ended
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            December 31, 2015
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Year Ended
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            December 31, 2014
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Percent
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Change
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Net income from continuing operations
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $281.5
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $1,259.6
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (78%)
        </td>
      </tr>
      <tr>
        <td valign="middle" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Diluted net income per share from continuing operations
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $1.20
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $5.44
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (78%)
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Adjusted pretax operating income
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $510.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $342.4
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          49%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Adjusted diluted net operating income per share *
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $1.40
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $1.01
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          39%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Revenues
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $1,193.3
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $1,072.7
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          11%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Net premiums earned - insurance
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $915.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $844.5
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8%
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Income (loss) on discontinued operations, net of tax
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $5.4
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            ($300.1)
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Income tax benefit resulting from reversal of DTA valuation allowance
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $995.0
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            --
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Book value per share
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $12.07
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $10.98
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          10%
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>*</i> <i>Adjusted diluted net operating income per share is
      calculated using the company&#8217;s statutory tax rate.</i>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Adjusted pretax operating income for the quarter ended December 31,
      2015, was $124.1 million, compared to $58.4 million for the same period
      of 2014. Adjusted diluted net operating income per share for the quarter
      ended December 31, 2015, was $0.34, compared to $0.17 for the same
      period of 2014. Adjusted pretax operating income for the year ended
      December 31, 2015, was $510.9 million, compared to $342.4 million for
      the same period of 2014. Adjusted diluted net operating income per share
      for the twelve months ended December 31, 2015, was $1.40, compared to
      $1.01 for the same period of 2014. See &#8220;Non-GAAP Financial Measures&#8221;
      below.
    </p>
    <p>
      Book value per share at December 31, 2015, was $12.07, compared to
      $11.77 at September 30, 2015, and $10.98 at December 31, 2014.
    </p>
    <p>
      &#8220;Radian&#8217;s fourth quarter was a strong finish to an equally strong
      full-year 2015,&#8221; said Radian&#8217;s Chief Executive Officer S.A. Ibrahim. &#8220;We
      successfully grew adjusted pretax operating income by 49%
      year-over-year, wrote an amount of high-quality and profitable flow MI
      business that was among the highest in our company history, and improved
      the credit profile of our MI portfolio. I am pleased to say that we
      strongly believe Radian is better positioned today than ever before to
      drive long-term stockholder value.&#8221;
    </p>
    <p>
      <b>FOURTH QUARTER AND FULL YEAR HIGHLIGHTS</b>
    </p>
    <p>
      <i>Mortgage Insurance</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        New mortgage insurance written (NIW) was $41.4 billion for the full
        year 2015, compared to $37.3 billion for the prior-year period. NIW
        was $9.1 billion for the quarter, compared to $11.2 billion in the
        third quarter of 2015 and $10.0 billion in the prior-year quarter.

        <ul>
          <li style="margin-bottom: 10.0px">
            Of the $9.1 billion in new business written in the fourth quarter
            of 2015, 29 percent was written with single premiums, compared to
            27 percent in the third quarter of 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Refinances accounted for 17 percent of total NIW in the fourth
            quarter of 2015, compared to 13 percent in the third quarter of
            2015, and 22 percent a year ago.
          </li>
          <li style="margin-bottom: 10.0px">
            NIW continued to consist of loans with excellent risk
            characteristics.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Total primary mortgage insurance in force as of December 31, 2015,
        grew to $175.6 billion, compared to $174.9 billion as of September 30,
        2015, and $171.8 billion as of December 31, 2014.

        <ul>
          <li style="margin-bottom: 10.0px">
            Persistency, which is the percentage of mortgage insurance in
            force that remains on the company&#8217;s books after a twelve-month
            period, was 78.8 percent as of December 31, 2015, compared to 79.2
            percent as of September 30, 2015, and 84.2 percent as of December
            31, 2014.
          </li>
          <li style="margin-bottom: 10.0px">
            Annualized persistency for the three-months ended December 31,
            2015, was 81.8 percent, compared to 80.5 percent for the
            three-months ended September 30, 2015, and 83.3 percent for the
            three-months ended December 31, 2014.
          </li>
        </ul>
      </li>
    </ul>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total net premiums earned were $226.4 million for the quarter ended
        December 31, 2015, compared to $227.4 million for the quarter ended
        September 30, 2015, and $224.3 million for the quarter ended December
        31, 2014.
      </li>
      <li style="margin-bottom: 10.0px">
        The mortgage insurance provision for losses was $56.8 million in the
        fourth quarter of 2015, compared to $64.1 million in the third quarter
        of 2015, and $83.6 million in the prior-year period.

        <ul>
          <li style="margin-bottom: 10.0px">
            The provision for losses in the fourth quarter included the
            positive impact of a reduction in the company&#8217;s default to claim
            rate assumption for new notices of default.
          </li>
          <li style="margin-bottom: 10.0px">
            The loss ratio in the fourth quarter was 25.1 percent, compared to
            28.2 percent in the third quarter of 2015 and 36.9 percent in the
            fourth quarter of 2014.
          </li>
          <li style="margin-bottom: 10.0px">
            Mortgage insurance loss reserves were $976.4 million as of
            December 31, 2015, compared to $1,098.6 million as of September
            30, 2015, and $1,560.0 million as of December 31, 2014.
          </li>
          <li style="margin-bottom: 10.0px">
            Primary reserve per primary default (excluding IBNR and other
            reserves) was $24,019 as of December 31, 2015. This compares to
            primary reserve per primary default of $26,237 as of September 30,
            2015, and $27,683 as of December 31, 2014. In addition to the
            reduction in the company's default to claim rate assumption, the
            decrease in the primary reserve per primary default was the result
            of a change in the mix of defaults from aged defaults to less aged
            defaults, which require a comparatively smaller reserve.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        The total number of primary delinquent loans decreased by 2 percent in
        the fourth quarter from the third quarter of 2015, and by 22 percent
        from the fourth quarter of 2014. The primary mortgage insurance
        delinquency rate decreased to 4.0 percent in the fourth quarter of
        2015, compared to 4.1 percent in the third quarter of 2015, and 5.2
        percent in the fourth quarter of 2014.
      </li>
      <li style="margin-bottom: 10.0px">
        Total mortgage insurance claims paid were $176.5 million in the fourth
        quarter, compared to $169.1 million in the third quarter, and $117.2
        million in the fourth quarter of 2014. For the full-year 2015, total
        claims paid were $764.7 million, compared to $838.3 million for the
        full-year 2014. Claims paid in 2015 included claims related to the
        September 2014 BofA Settlement Agreement. The company continues to
        expect claims paid for the full-year 2016 of approximately $400&#8211;450
        million.
      </li>
    </ul>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i>Mortgage and Real Estate Services</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        On June 30, 2014, Radian completed the acquisition of Clayton Holdings
        LLC, a leading provider of risk-based analytics, residential loan due
        diligence, consulting, surveillance and staffing solutions. The
        company also provides

        <ul>
          <li style="margin-bottom: 10.0px">
            customized Real Estate Owned (REO) asset management and
            single-family rental services through its Green River Capital
            subsidiary;
          </li>
          <li style="margin-bottom: 10.0px">
            advanced Automated Valuation Models, Broker Price Opinions and
            technology solutions to monitor loan portfolio performance,
            acquire and track non-performing loans, and value and sell
            residential real estate through its Red Bell Real Estate
            subsidiary;
          </li>
          <li style="margin-bottom: 10.0px">
            valuation, title closing and settlement services as well as
            technology solutions for vendor management through its ValuAmerica
            subsidiary; and
          </li>
          <li style="margin-bottom: 10.0px">
            a global reach through its Clayton EuroRisk subsidiary.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Total revenues were $157.4 million for the full year 2015, its first
        full year of operations as a subsidiary of Radian. Total revenues for
        the fourth quarter were $38.2 million, compared to $43.1 million for
        the third quarter of 2015, and $35.4 million for the fourth quarter of
        2014.
      </li>
      <li style="margin-bottom: 10.0px">
        Adjusted pretax operating income before corporate allocations for the
        quarter ended December 31, 2015, was $3.6 million, compared to $5.7
        million for the quarter ended September 30, 2015, and $7.3 million for
        the quarter ended December 31, 2014. Earnings before interest, income
        taxes, depreciation and amortization (EBITDA) for the quarter ended
        December 31, 2015 was $4.2 million, compared to $6.3 million for the
        quarter ended September 30, 2015, and $7.7 million for the quarter
        ended December 31, 2014. You may find details regarding these non-GAAP
        measures and their definition in Exhibits E, F and G.
      </li>
      <li style="margin-bottom: 10.0px">
        In October 2015, Clayton announced that it had acquired ValuAmerica,
        Inc., a national title agency and appraisal management company with
        coverage across all 3,143 counties in the U.S. In addition, the
        company's award-winning technology platform, ValuNet xsp, helps
        mortgage lenders and their vendors streamline and manage their supply
        chains and operational workflow. The acquisition expands the scope of
        title and valuation services Clayton offers to its mortgage clients
        and is consistent with the company&#8217;s strategy of being a complete
        solution provider to the mortgage and real estate industries.
      </li>
    </ul>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <i>Consolidated Expenses</i>
    </p>
    <p>
      Other operating expenses were $59.6 million in the fourth quarter,
      compared to $65.1 million in the third quarter of 2015, and $85.8
      million in the fourth quarter of last year.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Operating expenses for the fourth quarter of 2015 were comprised of
        $46.7 million for the Mortgage Insurance segment, compared to $51.5
        million in the third quarter of 2015, and $76.3 million in the fourth
        quarter of last year.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating expenses for the fourth quarter of 2015 were comprised of
        $12.7 million for the Services segment, compared to $13.1 million in
        the third quarter of 2015, and $9.1 million in the fourth quarter of
        last year.
      </li>
      <li style="margin-bottom: 10.0px">
        In the fourth quarter of 2014, other operating expenses of $85.8
        million included $24.4 million related to long-term compensation
        expenses and other year-end bonus accruals, a significant portion of
        which was driven by the variable compensation expense related to an
        increase in the company&#8217;s stock price.
      </li>
    </ul>
    <p>
      <b>CAPITAL AND LIQUIDITY UPDATE</b>
    </p>
    <p>
      Radian Group has approximately $340 million of currently available
      liquidity.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        As previously announced, Radian Guaranty met the Private Mortgage
        Insurer Eligibility Requirements (PMIERs) as of the December 31, 2015,
        effective date by taking the following actions:

        <ul>
          <li style="margin-bottom: 10.0px">
            Radian Group transferred $325 million of cash and marketable
            securities to Radian Guaranty in exchange for a surplus note
            issued by Radian Guaranty. The surplus note has a 0 percent
            interest rate and is scheduled to mature on December 31, 2025.
            Based on positive trends reflected in its capital projections,
            Radian Guaranty expects to seek to redeem a portion and possibly
            all of the surplus note in 2016, and any remaining amounts in
            2017. Any redemption of the surplus note increases holding company
            liquidity by the corresponding amount of the redemption.
          </li>
          <li style="margin-bottom: 10.0px">
            Radian Group contributed $50 million to an exclusive affiliated
            reinsurer of Radian Guaranty. The combination of the surplus note
            and capital contribution provides Radian Guaranty with an initial
            cushion above the projected amount required to satisfy the PMIERs&#8217;
            financial requirements. This cushion is expected to increase based
            in part on expected future financial performance at Radian
            Guaranty; as a result, Radian Guaranty is not expected to require
            any additional capital contributions in order to remain compliant.
          </li>
          <li style="margin-bottom: 10.0px">
            In order to reduce the company&#8217;s required capital under PMIERs,
            Radian Guaranty is pursuing a reinsurance transaction that is
            intended to reduce the exposure on its single premium policies.
            The company has made substantial progress toward a potential
            transaction and may enter into such a program as early as the
            first quarter of 2016.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        As of December 31, 2015, a total of $2.1 billion of risk in force
        outstanding had been ceded under quota share reinsurance agreements in
        order to proactively manage Radian Guaranty&#8217;s risk-to-capital
        position. Radian has ceded the maximum amount of NIW under these
        agreements and did not cede any premium on new business in 2015. On
        December 31, 2015, Radian Guaranty had the option to recapture a
        portion of the risk ceded under its existing Second Quota Share
        Reinsurance Transaction. The company chose not to recapture that risk
        and received a profit commission of approximately $8 million in 2015
        based on performance to date. In addition, Radian Guaranty received an
        $8.5 million prepaid supplemental ceding commission, the recognition
        of which has been deferred and will be amortized over approximately
        the next five years.
      </li>
      <li style="margin-bottom: 10.0px">
        As previously announced on January 15, 2016, Radian&#8217;s Board of
        Directors approved a share repurchase program that authorizes the
        company to purchase up to $100 million of its common stock through the
        end of 2016. The shares may be purchased in the open market or in
        privately negotiated transactions. The authorization provides Radian
        the flexibility to repurchase shares opportunistically from time to
        time, based on market and business conditions, stock price and other
        factors. Radian may utilize a Rule 10b5-1 plan, which would permit the
        company to purchase shares, at pre-determined price targets, when it
        may otherwise be precluded from doing so.
      </li>
    </ul>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>CONFERENCE CALL</b>
    </p>
    <p>
      Radian will discuss fourth quarter and year-end 2015 results in a
      conference call today, Thursday, January 28, 2016, at 10:00 a.m. Eastern
      time.
    </p>
    <p>
      The conference call will be broadcast live over the Internet at <u>http://www.radian.biz/page?name=Webcasts</u>
      or at <u>www.radian.biz</u>. The call may also be accessed by dialing
      800.288.8961 inside the U.S., or 612.332.0226 for international callers,
      using passcode 383877 or by referencing Radian.
    </p>
    <p>
      A replay of the webcast will be available on the Radian website
      approximately two hours after the live broadcast ends for a period of
      one year. A replay of the conference call will be available
      approximately two and a half hours after the call ends for a period of
      two weeks, using the following dial-in numbers and passcode:
      800.475.6701 inside the U.S., or 320.365.3844 for international callers,
      passcode 383877.
    </p>
    <p>
      In addition to the information provided in the company's earnings news
      release, other statistical and financial information, which is expected
      to be referred to during the conference call, will be available on
      Radian's website under Investors &gt;Quarterly Results, or by clicking on <u>http://www.radian.biz/page?name=QuarterlyResults</u>.
    </p>
    <p>
      <b>NON-GAAP FINANCIAL MEASURES</b>
    </p>
    <p>
      Radian believes that adjusted pretax operating income and adjusted
      diluted net operating income per share (non-GAAP measures) facilitate
      evaluation of the company&#8217;s fundamental financial performance and
      provide relevant and meaningful information to investors about the
      ongoing operating results of the company. On a consolidated basis, these
      measures are not recognized in accordance with accounting principles
      generally accepted in the United States of America (GAAP) and should not
      be viewed as alternatives to GAAP measures of performance. The measures
      described below have been established in order to increase transparency
      for the purpose of evaluating the company&#8217;s core operating trends and
      enabling more meaningful comparisons with Radian&#8217;s competitors.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Adjusted pretax operating income is defined as earnings excluding the
      impact of certain items that are not viewed as part of the operating
      performance of the company&#8217;s primary activities, or not expected to
      result in an economic impact equal to the amount reflected in pretax
      income (loss) from continuing operations. Adjusted pretax operating
      income adjusts GAAP pretax income from continuing operations to remove
      the effects of: (i) net gains (losses) on investments and other
      financial instruments; (ii) loss on induced conversion and debt
      extinguishment; (iii) acquisition-related expenses; (iv) amortization
      and impairment of intangible assets; and (v) net impairment losses
      recognized in earnings. Adjusted diluted net operating income per share
      represents a diluted net income per share calculation using as its basis
      adjusted pretax operating income, net of taxes at the company&#8217;s
      statutory tax rate for the period.
    </p>
    <p>
      In addition to the above non-GAAP measures for the consolidated company,
      the company also presents as supplemental information a non-GAAP measure
      for the Services segment, representing earnings before interest, income
      taxes, depreciation and amortization (EBITDA). Services EBITDA is
      calculated by using adjusted pretax operating income as described above,
      further adjusted to remove the impact of depreciation and corporate
      allocations for interest and operating expenses. Services EBITDA is
      presented to facilitate comparisons with other services companies, since
      it is a widely accepted measure of performance in the services industry.
    </p>
    <p>
      See Exhibit F or Radian&#8217;s website for a description of these items, as
      well as Exhibit G for reconciliations to the most comparable
      consolidated GAAP measures.
    </p>
    <p>
      <b>ABOUT RADIAN</b>
    </p>
    <p>
      Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides
      private mortgage insurance, risk management products and real estate
      services to financial institutions. Radian offers products and services
      through two business segments:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Mortgage Insurance</b>, through its principal mortgage insurance
        subsidiary Radian Guaranty Inc. This private mortgage insurance
        protects lenders from default-related losses, facilitates the sale of
        low-downpayment mortgages in the secondary market and enables
        homebuyers to purchase homes more quickly with downpayments less than
        20%.
      </li>
      <li style="margin-bottom: 10.0px">
        <b>Mortgage and Real Estate Services</b>, through its principal
        services subsidiary Clayton, as well as Green River Capital, Red Bell
        Real Estate and ValuAmerica. These solutions include information and
        services that financial institutions, investors and government
        entities use to evaluate, acquire, securitize, service and monitor
        loans and asset-backed securities.
      </li>
    </ul>
    <p>
      Additional information may be found at <u>www.radian.biz</u>.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>FINANCIAL RESULTS AND SUPPLEMENTAL INFORMATION CONTENTS</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      For trend information on all schedules, refer to Radian&#8217;s quarterly
      financial statistics at <u>http://www.radian.biz/page?name=FinancialReportsCorporate</u>.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit A:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Condensed Consolidated Statements of Operations Trend Schedule
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit B:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Net Income Per Share Trend Schedule
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit C:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Condensed Consolidated Balance Sheets
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit D:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Discontinued Operations
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit E:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Segment Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit F:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Definition of Consolidated Non-GAAP Financial Measure
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit G:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Consolidated Non-GAAP Financial Measure Reconciliations
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit H:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mortgage Insurance Supplemental Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          New Insurance Written
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit I:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mortgage Insurance Supplemental Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Primary Insurance in Force and Risk in Force by Product, Statutory
          Capital Ratios
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit J:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mortgage Insurance Supplemental Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Percentage of Primary Risk in Force by FICO, LTV and Policy Year
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit K:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mortgage Insurance Supplemental Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Claims and Reserves
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit L:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mortgage Insurance Supplemental Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Default Statistics
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          Exhibit M:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Mortgage Insurance Supplemental Information
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Captives, QSR and Persistency
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="26">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="26" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Statements of Operations Trend Schedule</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit A (page 1 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="26">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="18" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share amounts)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Revenues:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>226,443</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          227,433
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          237,437
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          224,595
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          224,293
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Services revenue</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>37,493</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          42,189
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          43,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30,630
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34,450
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net investment income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,833</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,285
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17,328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16,531
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net (losses) gains on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(13,402</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,868
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28,448
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16,779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17,983
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,515</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,711
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,743
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,331
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,793
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>274,882</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          297,292
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          330,416
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          290,663
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          295,050
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Expenses:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Provision for losses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>56,805</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          64,192
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          32,560
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45,028
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          82,867
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Policy acquisition costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4,831</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,963
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,750
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,443
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Direct cost of services</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,241</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24,949
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23,520
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,253
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,709
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Other operating expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>59,570</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          65,082
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          67,731
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          53,774
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          85,800
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Interest expense</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>20,996</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          21,220
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24,501
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24,200
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2,320</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          91,876
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#8212;
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#8212;
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>3,409</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,273
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,281
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,023
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          5,354
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>170,172</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          181,607
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          250,432
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          153,213
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          224,373
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Pretax income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>104,710</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          115,685
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          79,984
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          137,450
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          70,677
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income tax provision (benefit)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>30,182</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          45,594
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          34,791
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          45,723
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (807,349
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>74,528</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          70,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45,193
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          91,727
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          878,026
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,855
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          530
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (449,691
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>74,528</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          70,091
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          50,048
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          92,257
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          428,335
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Diluted net income per share:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>0.32</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.39
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.63
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.02
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (1.85
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>0.32</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.29
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.22
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.39
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1.78
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Selected Mortgage Insurance Key Ratios</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss ratio (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>25.1</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          13.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          20.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          36.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Expense ratio - NPE basis (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22.7</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          25.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          36.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Expense ratio - NPW basis (2)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22.1</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          21.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          33.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated on a GAAP basis using net premiums earned (&#8220;NPE&#8221;).</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated on a GAAP basis using net premiums written (&#8220;NPW&#8221;).</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>On April 1, 2015, Radian Guaranty completed the previously disclosed
      sale of 100% of the issued and outstanding shares of Radian Asset
      Assurance to Assured, pursuant to the Radian Asset Assurance Stock
      Purchase Agreement dated as of December 22, 2014. As a result, the
      operating results of Radian Asset Assurance are classified as
      discontinued operations for all periods presented in our condensed
      consolidated statements of operations. See Exhibit D for additional
      information on discontinued operations.</b>
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Statements of Operations</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit A (page 2 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="8" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Year Ended</b><br><b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per-share data)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Revenues:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>915,908</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          844,528
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Services revenue</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>153,815</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          76,693
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net investment income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>81,537</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          65,655
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net gains on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>35,693</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          79,989
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>6,300</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          5,820
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,193,253</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,072,685
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Expenses:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Provision for losses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>198,585</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          246,083
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Policy acquisition costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,424</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24,446
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Direct cost of services</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>89,963</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          43,605
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Other operating expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>246,157</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          252,283
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Interest expense</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>91,102</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          90,464
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>94,207</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>12,986</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8,648
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>755,424</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          665,529
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Pretax income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>437,829</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          407,156
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income tax provision (benefit)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>156,290</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (852,418
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>281,539</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,259,574
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax (2)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>5,385</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (300,057
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>286,924</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          959,517
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Diluted net income per share:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.20</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5.44
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>0.02</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (1.28
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>1.22</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          4.16
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Selected Mortgage Insurance Key Ratios</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss ratio (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>21.7</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          29.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Expense ratio - NPE basis (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>23.9</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          29.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Expense ratio - NPW basis (2)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22.6</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          27.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated on a GAAP basis using net premiums earned (&#8220;NPE&#8221;).</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated on a GAAP basis using net premiums written (&#8220;NPW&#8221;).</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="23">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net Income Per Share Trend Schedule</b>
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit B (page 1 of 2)</b>
        </td>
      </tr>
      <tr>
        <td colspan="23">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="23" valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>The calculation of basic and diluted net income per share was as
          follows:</b>
        </td>
      </tr>
      <tr>
        <td colspan="23">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="14" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share amounts)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income from continuing operations:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations&#8212;basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>74,528</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          70,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45,193
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          91,727
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          878,026
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Adjustment for dilutive Convertible Senior Notes due 2019, net of
          tax (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>3,664</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,714
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,707
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,673
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,641
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 50.0px; text-align: left">
          <b>Net income from continuing operations&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>78,192</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          73,805
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          48,900
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          95,400
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          881,667
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations&#8212;basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>74,528</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          70,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45,193
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          91,727
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          878,026
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,855
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          530
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (449,691
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income&#8212;basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>74,528</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          70,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          50,048
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          92,257
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          428,335
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Adjustment for dilutive Convertible Senior Notes due 2019, net of
          tax (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>3,664</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,714
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,707
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,673
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,641
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 50.0px; text-align: left">
          <b>Net income&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>78,192</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          73,805
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          53,755
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          95,930
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          431,976
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Average common shares outstanding&#8212;basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>206,872</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          207,938
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          193,112
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          191,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          191,053
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Dilutive effect of Convertible Senior Notes due 2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,057</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,798
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          12,438
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10,886
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10,590
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Dilutive effect of Convertible Senior Notes due 2019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>37,736</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,736
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Dilutive effect of stock-based compensation arrangements (2)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2,316</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,323
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,364
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,202
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,422
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Adjusted average common shares outstanding&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>247,981</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          250,795
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          246,650
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          243,048
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          242,801
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Net income per share:</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Basic:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>0.36</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.34
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.23
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.48
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.60
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>(3)</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.03
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (2.36
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 25.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>0.36</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.34
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.26
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.48
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          2.24
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Diluted:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>0.32</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.20
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.39
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.63
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>(3)</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (1.85
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 25.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>0.32</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.29
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.22
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.39
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1.78
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>As applicable, includes coupon interest, amortization of
            discount and fees, and other changes in income or loss that would
            result from the assumed conversion.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>The following number of shares of our common stock equivalents
            issued under our stock-based compensation arrangements were not
            included in the calculation of diluted net income per share
            because they were anti-dilutive:</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="16">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="16" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Shares of common stock equivalents</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>728</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          264
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          540
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          542
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Includes the tax benefit of $3.36 per share realized relating
            to the reversal of our valuation allowance in the 4th quarter of
            2014.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net Income (Loss) Per Share</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit B (page 2 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="7" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Year Ended</b><br><b> December 31,</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share amounts)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income from continuing operations:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations - basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>281,539</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,259,574
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Adjustment for dilutive Convertible Senior Notes due 2019, net of
          tax (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>14,758</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          14,372
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 50.0px; text-align: left">
          <b>Net income from continuing operations - diluted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>296,297</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,273,946
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net income:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations - basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>281,539</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,259,574
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>5,385</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (300,057
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income - basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>286,924</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          959,517
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjustment for dilutive Convertible Senior Notes due 2019, net
            of tax (1)</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>14,758</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          14,372
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 50.0px; text-align: left">
          <b>Net income - diluted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>301,682</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          973,889
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Average common shares outstanding&#8212;basic</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>199,910</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          184,551
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Dilutive effect of Convertible Senior Notes due 2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>6,293</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,465
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Dilutive effect of Convertible Senior Notes due 2019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>37,736</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,736
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Dilutive effect of stock-based compensation arrangements (2)</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2,393</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,150
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Adjusted average common shares outstanding&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>246,332</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          233,902
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Net income (loss) per share:</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Basic:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.41</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6.83
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>0.03</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (1.63
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 25.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>1.44</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5.20
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Diluted:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Net income from continuing operations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.20</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5.44
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Income (loss) from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>0.02</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (1.28
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 25.0px; text-align: left">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>1.22</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          4.16
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>As applicable, includes coupon interest, amortization of
            discount and fees, and other changes in income or loss that would
            result from the assumed conversion.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>The following number of shares of our common stock equivalents
            issued under our stock-based compensation arrangements were not
            included in the calculation of diluted net income per share
            because they were anti-dilutive:</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="6" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>Year Ended</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Shares of common stock equivalents</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>728</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          542
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Includes the tax benefit of $4.25 per share realized relating
            to the reversal of our valuation allowance in 2014.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="24">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="24" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Condensed Consolidated Balance Sheets</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit C</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="24">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          <b>December 31,</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          September 30,
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          June 30,
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share data)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Assets:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Investments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4,298,686</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4,376,771
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4,309,148
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,621,646
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,629,299
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Cash</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>46,898</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          69,030
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          51,381
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          57,204
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30,465
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Restricted cash</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>13,000</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10,280
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          12,633
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          14,220
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          14,031
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Accounts and notes receivable</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>61,734</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          65,951
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          72,093
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          64,405
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          85,792
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Deferred income taxes, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>577,945</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          601,893
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          651,238
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          649,996
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          700,201
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Goodwill and other intangible assets, net</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>289,417</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          287,334
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          290,640
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          293,798
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          288,240
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Other assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>364,108</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          349,657
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          349,371
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          340,276
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          357,864
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Assets held for sale</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,755,873
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,736,444
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>5,651,788</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5,760,916
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5,736,504
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          6,797,418
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          6,842,336
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Liabilities and stockholders&#8217; equity:</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Unearned premiums</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>680,300</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          676,938
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          665,947
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          657,555
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          644,504
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Reserve for losses and loss adjustment expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>976,399</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,098,570
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,204,792
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,384,714
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,560,032
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Long-term debt</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,219,454</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,230,246
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,224,892
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,202,535
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,192,299
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Other liabilities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>278,704</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          311,855
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          278,929
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          310,642
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          326,743
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Liabilities held for sale</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          966,078
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          947,008
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Total liabilities</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>3,154,857</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,317,609
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,374,560
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,521,524
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,670,586
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Equity component of currently redeemable convertible senior notes</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,737
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          68,982
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          74,690
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Common stock</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>224</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          226
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          209
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          209
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Additional paid-in capital</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,823,442</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,825,034
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,816,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,648,436
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,638,552
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Retained earnings</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>691,742</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          617,731
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          548,161
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          498,593
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          406,814
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Accumulated other comprehensive (loss) income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(18,477</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (7,419
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (11,534
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          59,674
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          51,485
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Total common stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2,496,931</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,435,570
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,353,398
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,206,912
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,097,060
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total liabilities and stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>5,651,788</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5,760,916
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5,736,504
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          6,797,418
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          6,842,336
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Shares outstanding</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>206,872</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          206,870
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          208,587
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          191,416
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          191,054
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Book value per share</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>12.07</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11.77
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11.28
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11.53
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.98
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Discontinued Operations</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit D</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          The income from discontinued operations, net of tax consisted of the
          following components for the periods indicated:
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="8">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="8" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums earned</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,007
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net investment income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          9,153
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net gains on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,818
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          13,668
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Change in fair value of derivative instruments</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,625
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          7,818
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          26,453
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Provision for losses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          502
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Policy acquisition costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (191
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other operating expense</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,107
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,418
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Equity in net loss of affiliates</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (13
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Income from operations of businesses held for sale</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,818
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22,022
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss on sale</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (350
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (13,930
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Income tax provision</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,613
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          7,562
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Income from discontinued operations, net of tax</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          4,855
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          530
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment Information</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit E (page 1 of 3)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Summarized financial information concerning our operating segments
          as of and for the periods indicated, is as follows. For a definition
          of adjusted pretax operating income and reconciliations to
          consolidated GAAP measures, see Exhibits F and G.
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="23" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Mortgage Insurance</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="18" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums written - insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>233,347</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          242,168
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          251,082
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          241,908
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          244,506
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Increase in unearned premiums</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(6,904</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (14,735
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (13,645
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (17,313
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (20,213
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>226,443</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          227,433
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          237,437
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          224,595
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          224,293
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net investment income (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,833</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22,091
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,285
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17,328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16,531
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other income (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,515</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,711
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,743
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,331
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,668
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>250,791</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          251,235
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          258,465
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          243,254
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          242,492
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Provision for losses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>56,817</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          64,128
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          31,637
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45,851
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          83,649
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Change in expected economic loss or recovery for consolidated VIEs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (16
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Policy acquisition costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4,831</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,963
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,750
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,443
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other operating expenses before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>37,406</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          36,632
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          41,853
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          34,050
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          62,591
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>99,054</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          103,640
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          80,453
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          87,651
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          152,667
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>151,737</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          147,595
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          178,012
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          155,603
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          89,825
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Allocation of corporate operating expenses (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>9,251</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          14,893
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          12,516
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          9,758
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          13,729
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Allocation of interest expense (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>16,582</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          16,797
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          20,070
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          19,953
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          19,760
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>125,904</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          115,905
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          145,426
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          125,892
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          56,336
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="23" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Services</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="18" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Services revenue</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>38,175</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          43,114
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          44,595
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          31,532
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34,466
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          891
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>38,175</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          43,114
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          44,595
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          31,532
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          35,357
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Direct cost of services</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,880</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          25,870
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          25,501
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,253
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,709
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other operating expenses before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>11,710</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          11,533
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          11,522
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8,857
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8,360
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>34,590</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          37,403
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          37,023
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          28,110
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          28,069
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjusted pretax operating income before corporate allocations</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>3,585</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5,711
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,572
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,422
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,288
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Allocation of corporate operating expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>968</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,567
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,307
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          981
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          740
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Allocation of interest expense</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>4,414</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,423
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,431
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,432
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,440
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjusted pretax operating (loss) income</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>(1,797</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          (279
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,834
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          (1,991
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          2,108
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For periods prior to the quarter ended June 30, 2015, includes
            certain corporate income and expenses that have been reallocated
            from our prior financial guaranty segment to the Mortgage
            Insurance segment and that were not reclassified to discontinued
            operations.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="11" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment Information</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit E (page 2 of 3)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="11">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="8" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Mortgage Insurance</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="8" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Year Ended</b><br><b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums written - insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>968,505</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          925,181
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Increase in unearned premiums</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(52,597</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (80,653
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            )
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>915,908</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          844,528
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net investment income (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>81,537</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          65,655
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other income (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>6,300</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          5,321
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,003,745</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          915,504
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Provision for losses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>198,433</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          246,865
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Change in expected economic loss or recovery for consolidated VIEs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          113
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Policy acquisition costs</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,424</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24,446
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other operating expenses before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>149,941</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          170,390
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>370,798</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          441,814
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>632,947</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          473,690
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Allocation of corporate operating expenses (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>46,418</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          55,154
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Allocation of interest expense (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>73,402</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          81,600
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>513,127</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          336,936
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="8" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Services</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="8" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Year Ended</b><br><b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2014(2)
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Services revenue</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>157,416</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          76,709
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other income</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,265
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>157,416</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          77,974
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Direct cost of services</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>93,504</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          43,605
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Other operating expenses before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>43,622</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          18,915
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>137,126</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          62,520
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjusted pretax operating income before corporate allocations</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>20,290</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          15,454
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 25.0px; text-align: left">
          <b>Allocation of corporate operating expenses</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4,823</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,144
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Allocation of interest expense</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>17,700</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8,864
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Adjusted pretax operating (loss) income</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>(2,233</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5,446
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For periods prior to the quarter ended June 30, 2015, includes
            certain corporate income and expenses that have been reallocated
            from our prior financial guaranty segment to the Mortgage
            Insurance segment and that were not reclassified to discontinued
            operations.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Primarily represents the activity of Clayton; Clayton was
            acquired on June 30, 2014.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment Information</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit E (page 3 of 3)</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Inter-segment information:</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="14" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Inter-segment expense included in Mortgage Insurance segment</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>682</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          925
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,092
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          902
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          782
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Inter-segment revenue included in Services segment</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>682</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          925
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,092
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          902
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          782
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Supplemental information for Services EBITDA (see definition in
            Exhibit F):</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="14" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income before corporate allocations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>3,585</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5,711
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,572
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,422
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,288
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 25.0px; text-align: left">
          <b>Depreciation and amortization</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>612</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          555
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          482
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          449
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          442
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Services EBITDA</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>4,197</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          6,266
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          8,054
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          3,871
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          7,730
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Selected balance sheet information for our segments as of the
            periods indicated, is a follows:</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="10" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>At December 31, 2015</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Mortgage</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Insurance</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Services</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Total</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>5,291,284</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>360,504</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>5,651,788</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="10" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          At December 31, 2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Mortgage
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Insurance
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Services
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Total
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Assets held for sale (1)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,736,444
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4,769,014
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          336,878
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,842,336
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="13" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b> <b>Assets held for sale are not part of the Mortgage
            Insurance or Services segments.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="13">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Definition of Consolidated Non-GAAP Financial Measure</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit F (page 1 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Use of Non-GAAP Financial Measure</i>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      In addition to the traditional GAAP financial measures, we have
      presented non-GAAP financial measures for the consolidated company,
      &#8220;adjusted pretax operating income (loss)&#8221; and &#8220;adjusted diluted net
      operating income (loss) per share,&#8221; among our key performance indicators
      to evaluate our fundamental financial performance. These non-GAAP
      financial measures align with the way the Company&#8217;s business performance
      is evaluated by both management and the board of directors. These
      measures have been established in order to increase transparency for the
      purposes of evaluating our core operating trends and enabling more
      meaningful comparisons with our peers. Although on a consolidated basis
      &#8220;adjusted pretax operating income (loss)&#8221; and &#8220;adjusted diluted net
      operating income (loss) per share&#8221; are non-GAAP financial measures, we
      believe these measures aid in understanding the underlying performance
      of our operations. Our senior management, including our Chief Executive
      Officer (the Company&#8217;s chief operating decision maker), uses adjusted
      pretax operating income (loss) as our primary measure to evaluate the
      fundamental financial performance of the Company&#8217;s business segments and
      to allocate resources to the segments.
    </p>
    <p>
      Adjusted pretax operating income (loss) is defined as GAAP pretax income
      (loss) from continuing operations excluding the effects of net gains
      (losses) on investments and other financial instruments, loss on induced
      conversion and debt extinguishment, acquisition-related expenses,
      amortization and impairment of intangible assets and net impairment
      losses recognized in earnings. Adjusted diluted net operating income
      (loss) per share is calculated by dividing (i) adjusted pretax operating
      income (loss) attributable to common shareholders, net of taxes computed
      using the company&#8217;s statutory tax rate, by (ii) the sum of the weighted
      average number of common shares outstanding and all dilutive potential
      common shares outstanding. Interest expense on convertible debt, share
      dilution from convertible debt and the impact of stock-based
      compensation arrangements have been reflected in the per share
      calculations consistent with the accounting standard regarding earnings
      per share, whenever the impact is dilutive.
    </p>
    <p>
      Although adjusted pretax operating income (loss) excludes certain items
      that have occurred in the past and are expected to occur in the future,
      the excluded items represent those that are: (1) not viewed as part of
      the operating performance of our primary activities; or (2) not expected
      to result in an economic impact equal to the amount reflected in pretax
      income (loss) from continuing operations. These adjustments, along with
      the reasons for their treatment, are described below.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          (1)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Net gains (losses) on investments and other financial
            instruments.</i> The recognition of realized investment gains or
            losses can vary significantly across periods as the activity is
            highly discretionary based on the timing of individual securities
            sales due to such factors as market opportunities, our tax and
            capital profile and overall market cycles. Unrealized investment
            gains and losses arise primarily from changes in the market value
            of our investments that are classified as trading. These valuation
            adjustments may not necessarily result in economic gains or losses.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Trends in the profitability of our fundamental operating activities
          can be more clearly identified without the fluctuations of these
          realized and unrealized gains or losses. We do not view them to be
          indicative of our fundamental operating activities. Therefore, these
          items are excluded from our calculation of adjusted pretax operating
          income (loss). However, we include the change in expected economic
          loss or recovery associated with our consolidated VIEs, if any, in
          the calculation of adjusted pretax operating income (loss).
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          (2)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Loss on induced conversion and debt extinguishment.</i> Gains
            or losses on early extinguishment of debt or losses incurred to
            induce conversion of convertible debt prior to maturity are
            discretionary activities that are undertaken in order to take
            advantage of market opportunities to strengthen our financial
            position; therefore, these activities are not viewed as part of
            our operating performance. Such transactions do not reflect
            expected future operations and do not provide meaningful insight
            regarding our current or past operating trends. Therefore, these
            items are excluded from our calculation of adjusted pretax
            operating income (loss).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          (3)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Acquisition-related expenses.</i> Acquisition-related expenses
            represent the costs incurred to effect an acquisition of a
            business (i.e., a business combination). Because we pursue
            acquisitions on a strategic and selective basis and not in the
            ordinary course of our business, we do not view
            acquisition-related expenses as a consequence of a primary
            business activity. Therefore, we do not consider these expenses to
            be part of our operating performance and they are excluded from
            our calculation of adjusted pretax operating income (loss).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          (4)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Amortization and impairment of intangible assets.</i>
            Amortization of intangible assets represents the periodic expense
            required to amortize the cost of intangible assets over their
            estimated useful lives. Intangible assets with an indefinite
            useful life are also periodically reviewed for potential
            impairment, and impairment adjustments are made whenever
            appropriate. These charges are not viewed as part of the operating
            performance of our primary activities and therefore are excluded
            from our calculation of adjusted pretax operating income (loss).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Definition of Consolidated Non-GAAP Financial Measure</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit F (page 2 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          (5)
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>Net impairment losses recognized in earnings.</i> The
            recognition of net impairment losses on investments can vary
            significantly in both size and timing, depending on market credit
            cycles. We do not view these impairment losses to be indicative of
            our fundamental operating activities. Therefore, whenever these
            losses occur, we exclude them from our calculation of adjusted
            pretax operating income (loss).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      In addition to the above non-GAAP measures for the consolidated company,
      we also have presented as supplemental information a non-GAAP measure
      for our Services segment, representing earnings before interest, income
      taxes, depreciation and amortization (&#8220;EBITDA&#8221;). We calculate Services
      EBITDA by using adjusted pretax operating income as described above,
      further adjusted to remove the impact of depreciation and corporate
      allocations for interest and operating expenses. We have presented
      Services EBITDA to facilitate comparisons with other services companies,
      since it is a widely accepted measure of performance in the services
      industry.
    </p>
    <p>
      See Exhibit G for the reconciliation of our non-GAAP financial measures
      for the consolidated company, adjusted pretax operating income and
      adjusted diluted net operating income per share, to the most comparable
      GAAP measures, pretax income from continuing operations and net income
      per share from continuing operations, respectively. Exhibit G also
      contains the reconciliation of Services EBITDA to the most comparable
      GAAP measure, pretax income from continuing operations.
    </p>
    <p>
      Total adjusted pretax operating income (loss), adjusted diluted net
      operating income (loss) per share and Services EBITDA are not measures
      of total profitability, and therefore should not be viewed as
      substitutes for GAAP pretax income (loss) from continuing operations or
      net income (loss) per share from continuing operations. Our definitions
      of adjusted pretax operating income (loss), adjusted diluted net
      operating income (loss) per share or EBITDA may not be comparable to
      similarly-named measures reported by other companies.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Consolidated Non-GAAP Financial Measure Reconciliations</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit G (page 1 of 3)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>Reconciliation of Adjusted Pretax Operating Income (Loss) to
          Consolidated Pretax Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>from Continuing Operations</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income (loss):</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Mortgage Insurance (1)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>125,904</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          115,905
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          145,426
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          125,892
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          56,336
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          <b>Services (2)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(1,797</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (279
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,834
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (1,991
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,108
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Total adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>124,107</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          115,626
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          147,260
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          123,901
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          58,444
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net (losses) gains on investments and other financial
            instruments (3)</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(13,402</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,868
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28,448
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16,779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17,967
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(2,320</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (11
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (91,876
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Acquisition-related expenses (4)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(266</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (525
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (567
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (207
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (380
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Amortization and impairment of intangible assets (4)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(3,409</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (3,273
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (3,281
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (3,023
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (5,354
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Consolidated pretax income from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>104,710</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          115,685
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          79,984
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          137,450
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          70,677
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For periods prior to the quarter ended June 30, 2015, includes
            certain corporate income and expenses that have been reallocated
            from our prior financial guaranty segment to the Mortgage
            Insurance segment and that were not reclassified to discontinued
            operations.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Effective with the fourth quarter of 2014, the Services segment
            undertook the management responsibilities of certain additional
            loan servicer surveillance functions previously considered part of
            the Mortgage Insurance segment. As a result, these activities are
            now reported in the Services segment for all periods presented.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>This line item includes a de minimis amount of expected
            economic loss or recovery associated with our previously
            consolidated VIEs that is included in adjusted pretax operating
            income above.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Please see Exhibit F for the definition of this line item.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="22" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Reconciliation of Adjusted Diluted Net Operating Income Per
            Share <sup>(1)</sup> to Net Income Per Share</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="22" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>from Continuing Operations</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Adjusted diluted net operating income per share</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>0.34</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.31
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.40
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.35
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          0.17
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>After tax per share impact:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(0.03</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.07
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.05
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(0.01</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.28
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Acquisition-related expenses</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(0.01</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.01
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Difference between statutory and effective tax rate</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>0.03</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.02
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.02
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.42
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(2)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Net income per share from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>0.32</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.29
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.20
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          0.39
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          3.63
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated using the company&#8217;s statutory tax rate.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Includes the tax benefit of $3.36 per share realized relating
            to the reversal of our valuation allowance in the 4th quarter of
            2014.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Consolidated Non-GAAP Financial Measure Reconciliations</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit G (page 2 of 3)</b>
        </td>
      </tr>
      <tr>
        <td colspan="9">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>Reconciliation of Adjusted Pretax Operating Income (Loss) to
          Consolidated Pretax Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>from Continuing Operations</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Year Ended</b><br><b>December 31,</b>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Adjusted pretax operating income (loss):</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Mortgage Insurance (1)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>513,127</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          336,936
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 15.0px; text-align: left">
          <b>Services (2)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(2,233</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          5,446
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Total adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>510,894</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          342,382
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net gains (losses) on investments and other financial instruments
          (3)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>35,693</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          80,102
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(94,207</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Acquisition-related expenses (4)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(1,565</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (6,680
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Amortization and impairment of intangible assets (4)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(12,986</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (8,648
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Consolidated pretax income from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>437,829</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          407,156
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For periods prior to the quarter ended June 30, 2015, includes
            certain corporate income and expenses that have been reallocated
            from our prior financial guaranty segment to the Mortgage
            Insurance segment and that were not reclassified to discontinued
            operations.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Effective with the fourth quarter of 2014, the Services segment
            undertook the management responsibilities of certain additional
            loan servicer surveillance functions previously considered part of
            the Mortgage Insurance segment. As a result, these activities are
            now reported in the Services segment for all periods presented.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>This line item includes a de minimis amount of expected
            economic loss or recovery associated with our previously
            consolidated VIEs that is included in adjusted pretax operating
            income above.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Please see Exhibit F for the definition of this line item.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Reconciliation of Adjusted Diluted Net Operating Income Per
            Share <sup>(1) </sup>to Net Income Per Share</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="10" valign="top" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>from Continuing Operations</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Year Ended</b><br><b>December 31,</b>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Adjusted diluted net operating income per share</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1.40</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1.01
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>After tax per share impact:</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>0.09</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.22
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(0.29</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Acquisition-related expenses</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.02
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(0.04</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (0.02
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>Difference between statutory and effective tax rate</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>0.04</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.25
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(2)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Net income per share from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>1.20</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          5.44
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated using the company&#8217;s statutory tax rate.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Includes the tax benefit of $4.25 per share realized relating
            to the reversal of our valuation allowance in 2014.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Consolidated Non-GAAP Financial Measure Reconciliations</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit G (page 3 of 3)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>Reconciliation of Services Segment EBITDA to Consolidated Pretax
          Income</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>from Continuing Operations</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Services EBITDA</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4,197</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,266
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,054
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,871
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,730
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Allocation of corporate operating expenses to Services</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(968</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (1,567
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (1,307
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (981
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (740
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Allocation of corporate interest expenses to Services</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(4,414</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (4,423
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (4,431
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (4,432
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (4,440
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Services depreciation and amortization</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(612</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (555
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (482
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (449
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (442
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Services adjusted pretax operating (loss) income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(1,797</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (279
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,834
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (1,991
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,108
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>125,904</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          115,905
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          145,426
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          125,892
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          56,336
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>124,107</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          115,626
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          147,260
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          123,901
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          58,444
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net (losses) gains on investments and other financial
            instruments</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(13,402</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,868
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28,448
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16,779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17,967
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(2,320</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (11
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (91,876
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Acquisition-related expenses</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(266</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (525
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (567
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (207
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (380
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(3,409</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (3,273
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (3,281
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (3,023
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (5,354
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Consolidated pretax income from continuing operations</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>104,710</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          115,685
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          79,984
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          137,450
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          70,677
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      On a consolidated basis, &#8220;adjusted pretax operating income&#8221; and
      &#8220;adjusted diluted net operating income per share&#8221; are measures not
      determined in accordance with GAAP. These measures are not
      representative of total profitability, and therefore should not be
      viewed as substitutes for GAAP pretax income from continuing operations
      or net income per share from continuing operations. Our definitions of
      adjusted pretax operating income and adjusted diluted net operating
      income per share may not be comparable to similarly-named measures
      reported by other companies. See Exhibit F for additional information on
      our consolidated non-GAAP financial measures.
    </p>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance Supplemental Information - New Insurance
          Written</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit H</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in millions)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total primary new insurance written</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>9,099</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          11,176
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          11,751
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          9,385
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          10,009
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Percentage of primary new insurance written by FICO score</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>&gt;=740</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>60.3</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          61.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          63.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          63.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          60.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 15.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>680-739</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>32.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          31.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          32.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 15.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>620-679</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>7.5</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          7.1
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          6.2
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          6.1
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          7.2
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>100.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Percentage of primary new insurance written</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Monthly and other premiums</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>71</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          73
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          68
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          63
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          69
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Single premiums</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>29</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          27
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          32
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          31
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Refinances</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>17</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          13
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          33
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>LTV</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>95.01% and above</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>3.6</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>90.01% to 95.00%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>49.5</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          51.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          51.7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>85.01% to 90.00%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>34.4</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          33.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          33.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 15.0px; text-align: left">
          <b>85.00% and below</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>12.5</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          13.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          14.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance Supplemental Information - Primary Insurance
          in Force and Risk in Force by Product, Statutory Capital Ratios</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit I</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          September 30,
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          June 30,
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in millions)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Primary insurance in force (1)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Flow</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>167,469</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          166,527
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          164,137
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          162,832
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          162,302
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Structured</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>8,115</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8,339
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8,555
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          9,309
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          9,508
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>175,584</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          174,866
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          172,692
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          172,141
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          171,810
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>165,291</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          164,060
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          161,397
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          160,452
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          159,647
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>6,176</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,531
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,857
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,122
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,412
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>4,117</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,275
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,438
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,567
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          4,751
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>175,584</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          174,866
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          172,692
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          172,141
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          171,810
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Primary risk in force (1) (2)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Flow</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>42,771</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          42,454
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          41,706
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          41,256
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          41,071
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Structured</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,856</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,910
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,957
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,133
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,168
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>44,627</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          44,364
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          43,663
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          43,389
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          43,239
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Flow</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>41,036</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          40,629
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          39,781
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          39,251
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          38,977
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,061</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,124
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,191
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,243
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,295
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>674</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          701
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          734
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          762
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          799
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Flow</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>42,771</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          42,454
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          41,706
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          41,256
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          41,071
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Structured</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,134</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,155
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,182
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,349
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>366</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          386
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          397
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          410
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          425
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>356</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          369
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          378
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          382
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          394
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Structured</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>1,856</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,910
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,957
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          2,133
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          2,168
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>42,170</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          41,784
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          40,963
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          40,592
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          40,326
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,427</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,510
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,588
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,720
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,030</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,070
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,112
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,144
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,193
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>44,627</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          44,364
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          43,663
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          43,389
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          43,239
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Statutory Capital Ratios</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Risk to capital ratio-Radian Guaranty only</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>14.3</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>:1</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <sup><b>(3)</b></sup>
          </p>
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          16.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Risk to capital ratio-Mortgage Insurance combined</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>14.6</b>
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>:1</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <sup><b>(3)</b></sup>
          </p>
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          17.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          18.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          20.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          :1
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Includes amounts ceded under our reinsurance agreements, as
            well as amounts related to the Freddie Mac Agreement.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Does not include pool risk in force or other risk in force,
            which combined represent less than 3.0% of our total risk in force
            for all periods presented.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Preliminary.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance Supplemental Information - Percentage of
          Primary Risk in Force by FICO, LTV and Policy Year</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>Exhibit J</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>December 31,</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          September 30,
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          June 30,
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in millions)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Percentage of primary risk in force by FICO score</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Flow</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>58.3</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          58.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          58.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          58.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          58.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>680-739</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>30.5</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          29.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>620-679</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>10.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>&lt;=619</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1.1</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1.2
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1.2
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1.3
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1.4
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Flow</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>100.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Structured</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>29.4</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>%</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            %
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28.7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          31.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>680-739</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>27.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          27.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          27.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>620-679</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>25.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          25.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          25.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>&lt;=619</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>17.9</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          18.0
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          18.0
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          16.7
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          16.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Structured</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>100.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <p style="margin-bottom: 0px; margin-top: 0px">
            %
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>57.1</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          57.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          56.7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          56.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          56.7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>680-739</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>30.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          30.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          29.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          29.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>620-679</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>10.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          11.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>&lt;=619</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1.8</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2.0
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2.1
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2.1
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>100.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Percentage of primary risk in force by LTV</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>95.01% and above</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>7.3</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>90.01% to 95.00%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>50.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          47.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>85.01% to 90.00%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>34.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          35.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          35.4
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>85.00% and below</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>8.3</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8.5
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8.8
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          8.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>100.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Percentage of primary risk in force by policy year</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>2005 and prior</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>6.3</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2006</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>3.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2007</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>8.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          9.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          9.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2008</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>6.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2009</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2010</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2011</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2012</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>11.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          12.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          13.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          14.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          15.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2013</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>18.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          20.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2014</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>17.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          18.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          20.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          21.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 10.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>22.6</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          18.0
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          11.9
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          5.3
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>100.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          100.0
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 2.25pt; border-bottom-style: double">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Primary risk in force on defaulted loans (1)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,625</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,666
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,753
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,883
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,089
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Excludes risk related to loans subject to the Freddie Mac
            Agreement.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="20">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="20" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="20" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance Supplemental Information - Claims and Reserves</b>
        </td>
      </tr>
      <tr>
        <td colspan="20" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit K</b>
        </td>
      </tr>
      <tr>
        <td colspan="20">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="14" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Net claims paid</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>56,900</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          65,396
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          83,489
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          76,186
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          74,342
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>21,343</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          18,966
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23,260
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19,999
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          21,909
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>11,530</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          14,028
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          14,965
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          15,141
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          12,600
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total primary claims paid</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>89,773</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          98,390
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          121,714
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          111,326
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          108,851
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Pool</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>6,477</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,721
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          10,798
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,874
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,086
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Second-lien and other</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>(143</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (16
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (53
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (111
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          283
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Subtotal</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>96,107</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          107,095
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          132,459
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          120,089
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          117,220
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Impact of captive terminations</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>(65</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (12,000
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          &#8212;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Impact of settlements</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>80,426</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          61,994
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          79,557
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          99,006
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#8212;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>176,468</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          169,089
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          212,016
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          207,095
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          117,220
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Average claim paid (1)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>46.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          46.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          44.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.7
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>61.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          60.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          59.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          54.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          58.7
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>40.6</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          42.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          40.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          35.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          39.3
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total primary average claims paid</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>48.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          47.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          44.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.0
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Pool</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>56.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          51.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          69.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          51.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          46.5
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>48.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          47.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          44.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.2
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Average primary claim paid (2)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>50.5</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          50.4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Average total claim paid (2)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>50.6</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          50.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          49.4
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in thousands, except primary reserve per</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            September 30,
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            June 30,
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="white-space: nowrap; padding-bottom: 2.0px; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>primary default amounts)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2015
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            2015
          </p>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Reserve for losses by category</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>480,481</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          519,572
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          562,918
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          640,919
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          700,174
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>203,706</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            234,772
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          256,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          278,350
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          292,293
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>129,352</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          137,441
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          148,043
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          163,390
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          179,103
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>IBNR and other</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>83,066</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          107,179
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          125,038
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          167,204
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          223,114
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>LAE</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>26,108</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          41,464
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          48,141
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          53,210
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          56,164
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Reinsurance recoverable (3)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>8,286</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          11,071
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          11,677
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          13,365
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          26,665
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Total primary reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>930,999</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,051,499
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,152,671
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,316,438
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,477,513
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Pool insurance</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>42,084</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          43,234
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          47,902
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          62,943
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          75,785
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>IBNR and other</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,118</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          949
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          891
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,227
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,775
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>LAE</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>1,335</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,983
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2,353
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,051
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,542
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <b>Total pool reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>44,537</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          46,166
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          51,146
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          67,221
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          81,102
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total 1st lien reserves</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>975,536</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,097,665
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,203,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,383,659
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,558,615
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left">
          <b>Second-lien and other</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>863</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          905
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          975
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,055
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,417
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left">
          <b>Total reserves</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          <b>976,399</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,098,570
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,204,792
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,384,714
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: right; border-bottom-width: 2.25pt; border-bottom-style: double">
          1,560,032
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>1st lien reserve per default</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Primary reserve per primary default excluding IBNR and other</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>24,019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          26,237
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          27,279
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28,423
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          27,683
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net of reinsurance recoveries and without giving effect to the
            impact of captive terminations and settlements.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Before reinsurance recoveries and without giving effect to the
            impact of captive terminations and settlements.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Primarily represents ceded losses on captive transactions and
            quota share reinsurance transactions.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance Supplemental Information - Default Statistics</b>
        </td>
      </tr>
      <tr>
        <td colspan="16" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit L</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          September 30,
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          June 30,
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Default Statistics</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Primary Insurance:</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Prime</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>816,797</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          812,657
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          802,719
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          801,332
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          797,436
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22,223</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22,328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          23,237
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          25,114
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          28,246
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2.72</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.75
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.89
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.13
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.54
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Alt-A</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>32,411</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34,166
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          35,927
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,468
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          38,953
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>5,813</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,318
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,949
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,480
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,136
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>17.94</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          18.49
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19.34
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          19.96
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          20.89
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>A minus and below</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>31,902</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          33,018
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          34,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          35,425
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          36,688
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>7,267</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,229
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,490
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,846
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,937
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>22.78</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          21.89
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          21.89
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          22.15
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          24.36
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>881,110</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          879,841
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          872,870
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          874,225
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          873,077
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Number of loans in default (1)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>35,303</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          35,875
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          37,676
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          40,440
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          45,319
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 10.0px; text-align: left">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4.01</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          <b>%</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.08
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.32
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4.63
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5.19
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Excludes the following number of loans subject to the Freddie
            Mac Agreement that are in default as we no longer have claims
            exposure on these loans:</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          <b>December 31,</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          September 30,
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          June 30,
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="padding-left: 0.0px; text-align: center">
          March 31,
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          December 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2015
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2,821</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,993
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,246
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,715
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4,467
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Mortgage Insurance Supplemental Information - Captives, QSR and
          Persistency</b>
        </td>
      </tr>
      <tr>
        <td colspan="21" valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Exhibit M</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="15" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="white-space: nowrap; border-bottom-color: black; padding-right: 0.0px; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          2014
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Qtr 4</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 1
        </td>
        <td>

        </td>
        <td colspan="3" valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          Qtr 4
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>1st Lien Captives</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Premiums ceded to captives</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2,268</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,434
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,700
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,585
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,078
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>% of total premiums</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.0</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Insurance in force included in captives (1)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2.1</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.8
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Risk in force included in captives (1)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.9</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Initial Quota Share Reinsurance (&#8220;QSR&#8221;) Transaction</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>QSR ceded premiums written</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>3,145</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,437
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,822
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          4,067
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (4,801
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>% of premiums written</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.3</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.4
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (1.9
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>QSR ceded premiums earned</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>4,647</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5,067
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,425
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,018
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (2,869
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>% of premiums earned</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.9</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          (1.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          )%
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Ceding commissions</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>681</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          745
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          828
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,108
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Risk in force included in QSR (2)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>836,192</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          889,298
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          954,673
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,041,383
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,105,545
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Second QSR Transaction</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>QSR ceded premiums written</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>3,789</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          5,030
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          394
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          6,529
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          9,303
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>% of premiums written</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1.6</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          0.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.7
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>QSR ceded premiums earned</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>5,876</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          7,134
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,040
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,768
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          8,339
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>% of premiums earned</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>2.5</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.0
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Ceding commissions</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,872</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,998
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,154
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          2,285
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          3,256
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Risk in force included in QSR (2)</b>
        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>$</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>1,294,838</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,364,615
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,440,312
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,533,677
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          $
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          1,615,554
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Persistency (twelve months ended) (3)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>78.8</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          79.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          80.1
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          82.6
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          84.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left">
          <b>Persistency (quarterly, annualized)</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>81.8</b>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <b>%</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          80.5
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          76.2
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          80.3
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          %
        </td>
        <td>

        </td>
        <td colspan="2" valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            83.3
          </p>
        </td>
        <td valign="bottom" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: left">
          %
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 8pt; font-family: Times New Roman">
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian reinsures the middle layer risk positions, while
            retaining a significant portion of the total risk comprising the
            first loss and most remote risk positions.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Included in primary risk in force.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="white-space: nowrap; padding-right: 0.0px; padding-left: 0.0px; text-align: right">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Effective March 31, 2015, we refined our persistency
            calculation to incorporate loan level detail rather than
            aggregated portfolio data. Prior periods have been recalculated
            and reflect the current calculation methodology.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>FORWARD-LOOKING STATEMENTS</b>
    </p>
    <p>
      All statements in this report that address events, developments or
      results that we expect or anticipate may occur in the future are
      &quot;forward-looking statements&quot; within the meaning of Section 27A of the
      Securities Act of 1933, Section 21E of the Exchange Act and the U.S.
      Private Securities Litigation Reform Act of 1995. In most cases,
      forward-looking statements may be identified by words such as
      &quot;anticipate,&quot; &quot;may,&quot; &quot;will,&quot; &quot;could,&quot; &quot;should,&quot; &quot;would,&quot; &quot;expect,&quot;
      &quot;intend,&quot; &quot;plan,&quot; &quot;goal,&quot; &quot;contemplate,&quot; &quot;believe,&quot; &quot;estimate,&quot;
      &quot;predict,&quot; &quot;project,&quot; &quot;potential,&quot; &quot;continue,&quot; &quot;seek,&quot; &quot;strategy,&quot;
      &quot;future,&quot; &quot;likely&quot; or the negative or other variations on these words
      and other similar expressions. These statements, which may include,
      without limitation, projections regarding our future performance and
      financial condition, are made on the basis of management's current views
      and assumptions with respect to future events. Any forward-looking
      statement is not a guarantee of future performance and actual results
      could differ materially from those contained in the forward-looking
      statement. These statements speak only as of the date they were made,
      and we undertake no obligation to update or revise any forward-looking
      statements, whether as a result of new information, future events or
      otherwise. We operate in a changing environment. New risks emerge from
      time to time and it is not possible for us to predict all risks that may
      affect us. The forward-looking statements, as well as our prospects as a
      whole, are subject to risks and uncertainties that could cause actual
      results to differ materially from those set forth in the forward-looking
      statements including:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        changes in general economic and political conditions, including in
        particular but without limitation, unemployment rates and changes in
        housing markets and mortgage credit markets;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in the way customers, investors, regulators or legislators
        perceive the strength of private mortgage insurers;
      </li>
      <li style="margin-bottom: 10.0px">
        Radian Guaranty Inc.&#8217;s ability to remain eligible under the Private
        Mortgage Insurer Eligibility Requirements (&#8220;PMIERs&#8221;) and other
        applicable requirements imposed by the Federal Housing Finance Agency
        (&#8220;FHFA&#8221;) and by Fannie Mae and Freddie Mac (collectively, the &#8220;GSEs&#8221;)
        to insure loans purchased by the GSEs;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to maintain sufficient holding company liquidity to meet
        our short- and long-term liquidity needs and to successfully execute
        and implement actions and activities related to our capital plans,
        including our ability to enter into and receive GSE approval for a
        reinsurance transaction to reduce exposure to our single premium
        policies, which we may not be able to do on favorable terms, if at all;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to successfully execute and implement our business plans
        and strategies, including in particular but without limitation, plans
        and strategies that require GSE approval;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to maintain an adequate level of capital in our insurance
        subsidiaries to satisfy existing and future state regulatory
        requirements;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in the charters or business practices of, or rules or
        regulations imposed by or applicable to the GSEs;
      </li>
      <li style="margin-bottom: 10.0px">
        any disruption in the servicing of mortgages covered by our insurance
        policies, as well as poor servicer performance;
      </li>
      <li style="margin-bottom: 10.0px">
        a decrease in the persistency rates of our mortgage insurance policies;
      </li>
      <li style="margin-bottom: 10.0px">
        heightened competition in our mortgage insurance business, including
        in particular but without limitation, increased price competition;
      </li>
    </ul>
    <div style="width: 100%; text-indent: 0pt; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <ul>
      <li style="margin-bottom: 10.0px">
        changes to the current system of housing finance;
      </li>
      <li style="margin-bottom: 10.0px">
        the effect of the Dodd-Frank Wall Street Reform and Consumer
        Protection Act on the financial services industry in general, and on
        our businesses in particular;
      </li>
      <li style="margin-bottom: 10.0px">
        the adoption of new laws and regulations, or changes in existing laws
        and regulations, or the way they are interpreted;
      </li>
      <li style="margin-bottom: 10.0px">
        the amount and timing of potential payments or adjustments associated
        with federal or other tax examinations, including deficiencies
        assessed by the Internal Revenue Service (&#8220;IRS&#8221;) resulting from the
        examination of our 2000 through 2007 tax years, which we are currently
        contesting;
      </li>
      <li style="margin-bottom: 10.0px">
        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 business;
      </li>
      <li style="margin-bottom: 10.0px">
        volatility in our results of operations caused by changes in the fair
        value of our assets and liabilities, including a significant portion
        of our investment portfolio;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in &#8220;GAAP&#8221; (accounting principles generally accepted in the
        U.S.) or &#8220;SAP&#8221; (statutory accounting practices including those
        required or permitted, if applicable, by the insurance departments of
        the respective states of domicile of our insurance subsidiaries) rules
        and guidance, or their interpretation;
      </li>
      <li style="margin-bottom: 10.0px">
        legal and other limitations on amounts we may receive from our
        subsidiaries; and
      </li>
      <li style="margin-bottom: 10.0px">
        the possibility that we may need to impair the estimated fair value of
        goodwill established in connection with our acquisition of Clayton
        Holdings LLC.
      </li>
    </ul>
    <p>
      For more information regarding these risks and uncertainties as well as
      certain additional risks that we face, you should refer to the Risk
      Factors detailed in Item 1A of Part I of our Annual Report on Form 10-K
      for the year ended December 31, 2014 and in our subsequent reports and
      registration statements filed from time to time with the U.S. Securities
      and Exchange Commission. We caution you not to place undue reliance on
      these forward-looking statements, which are current only as of the date
      on which we issued this press release. We do not intend to, and we
      disclaim any duty or obligation to, update or revise any forward-looking
      statements to reflect new information or future events or for any other
      reason.
    </p>
    <p>
      CONTACT:<br>Radian Group Inc.<br>Emily Riley, 215-231-1035<br><u>emily.riley@radian.biz</u>
    </p>
    <p>

    </p>
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