<SEC-DOCUMENT>0001157523-16-007064.txt : 20161027
<SEC-HEADER>0001157523-16-007064.hdr.sgml : 20161027
<ACCEPTANCE-DATETIME>20161027084534
ACCESSION NUMBER:		0001157523-16-007064
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20161027
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161027
DATE AS OF CHANGE:		20161027

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:		161954043

	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>a51448021.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-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-size: 12pt; font-family: Times New Roman"><b>WASHINGTON,
      DC 20549</b></font><br>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


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


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of report (Date of earliest event reported) </b></font><b><u><font style="font-size: 10pt; font-family: Times New Roman">October
      27, 2016</font></u></b><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


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


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

    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; width: 34%; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>1-11356</b></font>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; width: 33%; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>23-2691170</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(State or Other Jurisdiction<br>of Incorporation)</b>
          </p>
        </td>
        <td style="text-align: center; width: 34%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission<br>File Number)</b>
          </p>
        </td>
        <td style="text-align: center; width: 33%; padding-left: 0.0px" valign="bottom">
          <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 style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: center; width: 60%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>1601
            Market Street, Philadelphia, Pennsylvania</b></font>
          </p>
        </td>
        <td style="text-align: center; padding-right: 0.0px; width: 40%; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>19103</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 60%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
        </td>
        <td style="text-align: center; width: 40%; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>(215) 231 - 1000</b><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>(Registrant&#8217;s
      Telephone Number, Including Area Code)</b></font><br><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>(Former
      Name or Former Address, if Changed Since Last Report)</b></font><br><br>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">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 style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
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          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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>
      <br>
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      On October 27, 2016, Radian Group Inc. issued a news release announcing
      its financial results for the quarter ended September 30, 2016. 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><br><br>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;99.1*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Radian
      Group Inc. News Release dated October 27, 2016.
    </p>
    <p>
      _____________________<br>*&#160;&#160;Furnished herewith.
    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 0pt">
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        <div style="text-align: left">

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


    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">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="font-size: 10pt; text-indent: 30.0px">
      <br>

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

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

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

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

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 6%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          Date:
        </td>
        <td style="text-align: left; width: 49%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          October 27, 2016
        </td>
        <td style="text-align: left; width: 4%; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; width: 41%; border-bottom-color: black; padding-left: 0.0px" valign="top">
          <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 style="text-align: left; width: 41%; padding-left: 0.0px" valign="top">
          <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 style="text-align: left; width: 41%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 10pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <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 style="text-align: left; width: 4%; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; width: 84%; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; width: 84%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 12%; padding-left: 0.0px" valign="top">
          99.1*
        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; width: 84%; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Radian Group Inc. News Release dated October 27, 2016.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

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

        </td>
        <td style="text-align: left; width: 84%; padding-left: 0.0px" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <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>a51448021ex99_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-size: 12pt; font-family: Times New Roman"><b>Radian
      Announces Third Quarter 2016 Financial Results</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>-- Net
      income of $83 million or $0.37 per diluted share &#8211;</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>--
      Adjusted diluted net operating income per share of $0.41&#8211;</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>-- Writes
      $15.7 billion in new MI business; sets company record for highest
      quarterly volume of flow MI &#8211;</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>-- Book
      value per share increases 14% year-over-year to $13.47 &#8211;</b></font>
    </p>
    <p>
      PHILADELPHIA--(BUSINESS WIRE)--October 27, 2016--Radian Group Inc.
      (NYSE: RDN) today reported net income for the quarter ended September
      30, 2016, of $82.8 million, or $0.37 per diluted share. This compares to
      net income for the quarter ended September 30, 2015, of $70.1 million,
      or $0.29 per diluted share. Pretax income for the quarter ended
      September 30, 2016, was $126.9 million, compared to $115.7 million for
      the quarter ended September 30, 2015.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

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

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

        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top" colspan="7">
          <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="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">
          Quarter Ended
        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">
          Quarter Ended
        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">
          Percent
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">
          September 30,
        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">
          September 30,
        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: right; padding-left: 0.0px" valign="top">
          Change
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2016
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2015
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Net income
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $82.8
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $70.1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          18%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Diluted net income per share
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $0.37
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $0.29
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          28%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Pretax income
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $126.9
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $115.7
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          10%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Adjusted pretax operating income
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $139.9
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $115.6
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          21%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Adjusted diluted net operating income per share *
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $0.41
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $0.31
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          32%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Net premiums earned - insurance
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $238.1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $227.4
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          New Mortgage Insurance Written (NIW)
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $15,656
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $11,176
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          40%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="middle">
          Book value per share
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $13.47
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $11.77
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          14%
        </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 of 35 percent.</i>
    </p>
    <p>
      Adjusted pretax operating income for the quarter ended September 30,
      2016, was $139.9 million, compared to $115.6 million for the quarter
      ended September 30, 2015. Adjusted diluted net operating income per
      share for the quarter ended September 30, 2016, was $0.41, compared to
      $0.31 for the quarter ended September 30, 2015. See &#8220;Non-GAAP Financial
      Measures&#8221; below.
    </p>
    <p>
      Book value per share at September 30, 2016 was $13.47, an increase of 3
      percent from $13.09 at June 30, 2016, and an increase of 14 percent from
      $11.77 at September 30, 2015.
    </p>
    <p>
      &#8220;We set a record for Radian in the third quarter, writing the highest
      volume of new flow mortgage insurance business ever in our 40-year
      history, adding to our existing high-quality insurance in-force book,&#8221;
      said Radian&#8217;s Chief Executive Officer S.A. Ibrahim. &#8220;Our company
      continued to benefit from positive credit trends, including another
      decline in our total number of delinquent loans, high quarterly cure
      rates and continued outstanding performance from our newest books of
      mortgage insurance business.&#8221;
    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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>THIRD QUARTER HIGHLIGHTS</b>
    </p>
    <p>
      <i>Mortgage Insurance</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        New mortgage insurance written (NIW) grew to $15.7 billion for the
        quarter, representing record volume of NIW written on a flow basis for
        the company, and an increase of 40 percent compared to $11.2 billion
        in the prior-year quarter.

        <ul>
          <li style="margin-bottom: 10.0px">
            Of the $15.7 billion in new business written in the third quarter
            of 2016, 27 percent was written with single premiums. Net single
            premiums written, after consideration of the 35 percent ceded
            under the company&#8217;s Single Premium Quota Share Reinsurance
            Agreement, was 17 percent in the third quarter of 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            Refinances accounted for 22 percent of total NIW in the third
            quarter of 2016, compared to 18 percent in the second quarter of
            2016, and 13 percent a year ago.
          </li>
          <li style="margin-bottom: 10.0px">
            NIW continued to consist of loans with excellent risk and return
            characteristics.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Total primary mortgage insurance in force as of September 30, 2016,
        grew to $181.2 billion, compared to $177.7 billion as of June 30,
        2016, and $174.9 billion as of September 30, 2015.

        <ul>
          <li style="margin-bottom: 10.0px">
            The composition of Radian&#8217;s mortgage insurance portfolio has
            significantly improved over the past several years:

            <ul>
              <li style="margin-bottom: 10.0px">
                87 percent of primary mortgage insurance risk in force
                consisted of new business written after 2008, including those
                loans that successfully completed the Home Affordable
                Refinance Program (HARP).
              </li>
              <li style="margin-bottom: 10.0px">
                57 percent of primary mortgage insurance risk in force at
                September 30, 2016, consisted of loans with FICO scores
                greater than or equal to 740, compared to 26 percent of loans
                at December 31, 2007.
              </li>
              <li style="margin-bottom: 10.0px">
                7 percent of primary mortgage insurance risk in force at
                September 30, 2016, consisted of loans with a loan-to-value
                (LTV) greater than 95 percent, compared to 24 percent of loans
                at December 31, 2007.
              </li>
            </ul>
          </li>
          <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 78.4 percent as of September 30, 2016, compared to
            79.9 percent as of June 30, 2016, and 79.2 percent as of September
            30, 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Annualized persistency for the three-months ended September 30,
            2016, was 75.3 percent, compared to 78.0 percent for the
            three-months ended June 30, 2016, and 80.5 percent for the
            three-months ended September 30, 2015.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Total net premiums earned were $238.1 million for the quarter ended
        September 30, 2016, compared to $229.1 million for the quarter ended
        June 30, 2016, and $227.4 million for the quarter ended September 30,
        2015. Notable variable items impacting net premiums earned include:

        <ul>
          <li style="margin-bottom: 10.0px">
            Acceleration of premiums related to Single Premium Policy
            cancellations, which are net of reinsurance, were $18.4 million in
            the third quarter, compared to $14.8 million in the second quarter
            of 2016, and $12.8 million in the third quarter of 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Ceded premiums of $19.9 million, $19.9 million and $14.8 million
            for the quarters ended September 30, 2016, June 30, 2016, and
            September 30, 2015, respectively, are net of accrued profit
            commission on reinsurance transactions of $8.9 million in the
            third quarter, compared to $7.9 million in the second quarter of
            2016, and $0.7 million in the third quarter of 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Additional details may be found in Exhibit D.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        The mortgage insurance provision for losses was $56.1 million in the
        third quarter of 2016, compared to $50.1 million in the second quarter
        of 2016, and $64.1 million in the third quarter of 2015.

        <ul>
          <li style="margin-bottom: 10.0px">
            The loss ratio in the third quarter was 23.6 percent, compared to
            21.9 percent in the second quarter of 2016 and 28.2 percent in the
            third quarter of 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Mortgage insurance loss reserves were $821.9 million as of
            September 30, 2016, compared to $848.4 million as of June 30,
            2016, and $1,098.6 million as of September 30, 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Primary reserve per primary default (excluding IBNR and other
            reserves) was $24,049 as of September 30, 2016. This compares to
            primary reserve per primary default of $24,609 as of June 30,
            2016, and $26,237 as of September 30, 2015.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        The total number of primary delinquent loans decreased by 1 percent in
        the third quarter from the second quarter of 2016, and by 18 percent
        from the third quarter of 2015. The primary mortgage insurance
        delinquency rate decreased to 3.3 percent in the third quarter of
        2016, compared to 3.4 percent in the second quarter of 2016, and 4.1
        percent in the third quarter of 2015.
      </li>
      <li style="margin-bottom: 10.0px">
        Total mortgage insurance claims paid were $82.7 million in the third
        quarter, compared to $90.7 million in the second quarter of 2016, and
        $169.1 million in the third quarter of 2015. The company expects
        claims paid for the full-year 2016 of approximately $375 million.
      </li>
    </ul>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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">
        The Services segment provides outsourced services, information-based
        analytics, residential loan due diligence, valuations, surveillance
        and specialty consulting for buyers and sellers of, and investors in,
        mortgage- and real estate-related loans and securities. These services
        and solutions are provided primarily through Clayton and its
        subsidiaries, including Green River Capital, Red Bell Real Estate and
        ValuAmerica.
      </li>
      <li style="margin-bottom: 10.0px">
        Total revenues for the third quarter were $43.8 million, compared to
        $39.0 million for the second quarter of 2016, and $43.1 million for
        the third quarter of 2015.
      </li>
      <li style="margin-bottom: 10.0px">
        The adjusted pretax operating loss for the quarter ended September 30,
        2016, was $2.5 million, compared to $6.0 million for the quarter ended
        June 30, 2016, and $0.3 million for the quarter ended September 30,
        2015. Services adjusted earnings before interest, income taxes,
        depreciation and amortization (Services adjusted EBITDA) for the
        quarter ended September 30, 2016, was $5.0 million, compared to $2.0
        million for the quarter ended June 30, 2016, and $6.3 million for the
        quarter ended September 30, 2015. Additional details regarding the
        non-GAAP measure Services adjusted EBITDA may be found in Exhibits F
        and G.
      </li>
    </ul>
    <p>
      <i>Consolidated Expenses</i>
    </p>
    <p>
      Other operating expenses were $64.9 million in the third quarter,
      compared to $65.7 million in the second quarter of 2016, and $65.1
      million in the third quarter of last year.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Notable variable items impacting other operating expenses include:

        <ul>
          <li style="margin-bottom: 10.0px">
            The company&#8217;s investment to significantly upgrade its technology
            systems, which represented $2.4 million in the third quarter,
            compared to $2.4 million in the second quarter of 2016, and $1.8
            million in the third quarter of 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Severance charges of $1.1 million in the third quarter, compared
            to $0.3 million in the second quarter, and $0.3 million in the
            third quarter of 2015.
          </li>
          <li style="margin-bottom: 10.0px">
            Total incentive compensation expense of $12.8 million in the third
            quarter, compared to $14.2 million in the second quarter of 2016,
            and $11.9 million in the third quarter of 2015. The expense in the
            third quarter of 2016 was impacted by an increase to accrued
            short-term incentive compensation. The expense in the second
            quarter of 2016 and the third quarter of 2015 included expense
            related to the annual grants of new equity-settled long-term
            incentive awards. The expense in these periods was significantly
            elevated primarily due to the required acceleration of expense
            recognition for retirement-eligible employees.
          </li>
          <li style="margin-bottom: 10.0px">
            Additional details may be found in Exhibit D.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Operating expenses before corporate allocations for the third quarter
        of 2016 were comprised of $38.1 million for the Mortgage Insurance
        segment, compared to $36.1 million in the second quarter of 2016, and
        $36.6 million in the third quarter of last year.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating expenses before corporate allocations for the third quarter
        of 2016 were comprised of $12.7 million for the Services segment,
        compared to $12.5 million in the second quarter of 2016, and $11.5
        million in the third quarter of last year.
      </li>
    </ul>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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>CAPITAL AND LIQUIDITY UPDATE</b>
    </p>
    <p>
      Radian Group maintained approximately $480 million of available
      liquidity as of September 30, 2016. The company continues to utilize a
      portion of its liquidity in order to accelerate its capital plan, with
      the objective of better positioning Radian Group for a return to
      investment grade ratings in the future.
    </p>
    <p>
      During the third quarter, the company took the following actions:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Radian purchased approximately $21.2 million face value of its
        outstanding 2.25% Convertible Senior Notes due 2019. This decreased
        the company&#8217;s fully diluted share count by approximately 2 million
        shares.
      </li>
      <li style="margin-bottom: 10.0px">
        The company adopted a Rule 10b5-1 plan to implement the previously
        authorized $125 million share repurchase program through its June 2017
        expiration. As a result of the timing of implementation and the
        initial parameters of the 10b5-1 plan, Radian did not repurchase any
        shares of its common stock during the third quarter.
      </li>
      <li style="margin-bottom: 10.0px">
        Radian redeemed the remaining $196 million aggregate principal amount
        outstanding of its 9.000% Senior Notes due 2017. Radian Group paid an
        aggregate redemption amount of $211 million, including accrued
        interest through the redemption date.
      </li>
    </ul>
    <p>
      The combination of these capital actions, along with the actions taken
      in the first and second quarters of 2016, decreased the company&#8217;s total
      number of diluted shares by 23.1 million.
    </p>
    <p>
      <b>CONFERENCE CALL</b>
    </p>
    <p>
      Radian will discuss third quarter financial results in a conference call
      today, Thursday, October 27, 2016, at 10:00 a.m. Eastern time. 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
      800.230.1096 inside the U.S., or 612.332.0107 for international callers,
      using passcode 404490 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 404490.
    </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>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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>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>
    <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). Adjusted pretax operating income adjusts GAAP pretax
      income 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 adjusted EBITDA
      is calculated by using the Services segment&#8217;s adjusted pretax operating
      income as described above, further adjusted to remove the impact of
      depreciation and corporate allocations for interest and operating
      expenses. Services adjusted 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>
    </ul>
    <ul>
      <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="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>FINANCIAL RESULTS AND SUPPLEMENTAL INFORMATION CONTENTS
            (Unaudited)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            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>
        </td>
      </tr>
      <tr>
        <td>

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

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

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

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

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

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net Premiums &#8211; Insurance Earned and Other Operating Expenses
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Exhibit E:
        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Primary Insurance in Force and Risk in Force
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Exhibit J:
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Claims and Reserves
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Exhibit K:
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Default Statistics
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Exhibit L:
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Condensed Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit A</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share amounts)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>238,149</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          229,085
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          220,950
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>43,096</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          38,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31,600
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,493
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          42,189
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>28,430</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          28,839
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          27,201
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,833
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,091
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>7,711</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30,527
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31,286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (13,402
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,868
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3,497</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,423
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,915
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,515
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,711
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px" valign="bottom">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>320,883</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          330,168
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          312,952
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          274,882
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          297,292
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Expenses:</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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Provision for losses</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>55,785</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          49,725
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          42,991
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          56,805
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          64,192
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>6,119</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,393
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,389
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,831
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>26,704</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          24,858
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21,749
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,241
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          24,949
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>64,862</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          65,680
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          58,989
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          59,570
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          65,082
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>19,783</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21,534
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          20,996
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21,220
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>17,397</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,108
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          55,570
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3,292</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,311
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,328
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,409
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,273
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px" valign="bottom">
          <b>Total expenses</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>193,942</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          173,621
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          210,550
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          170,172
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          181,607
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Pretax income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>126,941</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          156,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          102,402
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          104,710
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          115,685
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>44,138</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          58,435
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          36,153
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30,182
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          45,594
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>82,803</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          98,112
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          66,249
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>0.37</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.44
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.29
        </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 style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <b>Selected Mortgage Insurance Key Ratios</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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Loss ratio (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>23.6</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          19.6
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          25.1
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          28.2
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Expense ratio (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>23.6</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          24.4
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22.4
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22.7
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          23.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated on a GAAP basis using net premiums earned.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <b>Net Income Per Share</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <b>Exhibit B</b>
        </td>
      </tr>
      <tr>
        <td colspan="20">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="20">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>The calculation of basic and diluted net income per share was
            as follows:</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="6">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="6">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share amounts)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Net income&#8212;basic</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>82,803</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          98,112
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          66,249
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          70,091
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Adjustment for dilutive Convertible Senior Notes due 2019, net of
          tax (1)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>848</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          913
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,390
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,664
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,714
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 20.0px" valign="bottom">
          <b>Net income&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>83,651</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          99,025
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          69,639
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          78,192
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          73,805
        </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="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Average common shares outstanding&#8212;basic</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>214,387</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          214,274
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          203,706
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          206,872
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          207,938
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Dilutive effect of Convertible Senior Notes due 2017 (2)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>178</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,057
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,798
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Dilutive effect of Convertible Senior Notes due 2019</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>8,274</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8,928
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33,583
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,736
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,736
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Dilutive effect of stock-based compensation arrangements (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3,129</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,989
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,418
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,323
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Adjusted average common shares outstanding&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>225,968</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          226,203
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          239,707
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          247,981
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          250,795
        </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="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Basic net income per share:</b>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.46
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.33
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.36
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.34
        </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="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Diluted net income per share:</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>0.37</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.44
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.29
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 and
            convertible debt were not included in the calculation of diluted
            net income per share because they were anti-dilutive:</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="4">

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="8">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="5">
          <b>2015</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Shares of common stock equivalents</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>1,045</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,042
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,902
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit C</b>
        </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>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          June 30,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          March 31,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          December 31,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-left: 0.0px" valign="bottom" colspan="3">
          September 30,
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands, except per share data)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          2016
        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>4,565,748</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,636,914
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,470,172
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>46,356</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          55,062
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          64,844
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          46,898
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          69,030
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>10,312</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9,298
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10,060
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          13,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10,280
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>94,692</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          77,170
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          66,340
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          61,734
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          65,951
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>401,442</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          444,513
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          518,059
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          577,945
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          601,893
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>279,400</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          282,703
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          286,069
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          289,417
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          287,334
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>229,754</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          229,231
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          228,718
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          40,491
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          44,091
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>422,123</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          332,372
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          325,129
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          313,929
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          305,566
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>6,049,827</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,067,263
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,969,391
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,642,100
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,760,916
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Liabilities and stockholders&#8217; equity:</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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Unearned premiums</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>680,973</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          677,599
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          673,887
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Reserve for losses and loss adjustment expense</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>821,934</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          848,379
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          891,348
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          976,399
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,098,570
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1,067,666</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,278,051
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,286,466
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,219,454
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,230,246
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>177,147</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          163,360
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          151,104
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>413,401</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          294,507
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          306,188
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          269,016
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          311,855
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Total liabilities</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3,161,121</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,261,896
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,308,993
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,145,169
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,317,609
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Equity component of currently redeemable convertible senior notes</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7,737
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Common stock</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>232</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          232
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          232
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          224
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(893,197</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (893,176
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (893,176
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (893,176
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (893,176
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Additional paid-in capital</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2,778,860</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,781,136
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,773,349
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,716,618
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,718,210
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>937,338</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          855,070
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          757,202
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          691,742
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          617,731
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>65,473</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          62,105
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,791
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (18,477
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (7,419
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Total stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2,888,706</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,805,367
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,660,398
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,435,570
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total liabilities and stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>6,049,827</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,067,263
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,969,391
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,642,100
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>214,405</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          214,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          214,265
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          206,872
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          206,870
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Book value per share</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>13.47</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          13.09
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          12.42
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          11.77
        </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 style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom">
          <b>Statutory Capital Ratios</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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Risk to capital ratio-Radian Guaranty only</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>13.7</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>:1</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>&#160;(1)</b>
          </p>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14.0
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12.5
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14.3
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          16.5
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Risk to capital ratio-Mortgage Insurance combined</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>13.9</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>:1</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>&#160;(1)</b>
          </p>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14.2
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14.6
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          17.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          :1
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Preliminary.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Net Premiums Earned - Insurance and Other Operating Expenses</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit D</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 3
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Premiums earned - insurance:</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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Direct</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>258,074</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          248,938
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          240,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          239,424
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          242,260
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Assumed</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Ceded</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(19,934</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (19,862
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (19,389
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (12,991
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (14,837
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 20.0px" valign="bottom">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>238,149</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          229,085
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          220,950
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          226,443
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          227,433
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Notable variable items: (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="3">

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Single Premium Policy cancellations, net of reinsurance</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>18,448</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          14,841
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          9,783
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          13,520
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          12,771
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Profit commission - reinsurance (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>8,922</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7,891
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,134
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,559
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          678
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 20.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>27,370</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          22,732
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          15,917
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          15,079
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          13,449
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Other operating expenses</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>64,862</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          65,680
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          58,989
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          59,570
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          65,082
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Notable variable items: (3)</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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Technology upgrade project (4)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>2,440</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,443
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,271
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,558
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,818
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Severance costs</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1,137</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          277
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,040
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          327
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Incentive compensation (5) (6)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>12,771</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14,248
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,196
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,037
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11,916
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Ceding commissions (7)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(5,460</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (5,006
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (4,413
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,229
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,318
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 20.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>10,888</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          11,962
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,094
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,482
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          12,743
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Affecting net premiums earned-insurance.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For 2016, the amounts represent the profit commission on the
            Single Premium QSR Transaction. For 2015, the amount represents an
            accrual for the profit commission on the Second QSR Transaction.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Affecting other operating expenses.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Represents the expense impact of certain costs incurred in our
            initiative to significantly upgrade our technology systems.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(5)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>The expense relates to short- and long-term incentive
            compensation programs. For our equity-settled long-term incentive
            awards the annual grants for 2015 were made in the third quarter
            of 2015, whereas the annual grants for 2016 were made in the
            second quarter of 2016. The expense is elevated in these two
            quarters primarily due to the required acceleration of expense
            recognition for retirement-eligible employees, who are considered
            effectively vested immediately in these grants that would
            otherwise vest over a period of 3 or 4 years. The expense in the
            third quarter of 2016 remained elevated, primarily due to an
            adjustment to accrued short-term incentives based on year-to-date
            performance.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(6)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Incentive compensation expense is shown net of deferred policy
            acquisition costs.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(7)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Ceding commissions are shown net of deferred policy acquisition
            costs.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment Information</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit E (page 1 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          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 Services adjusted EBITDA,
          along with reconciliations to consolidated GAAP measures, see
          Exhibits F and G.
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="19">

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="20">
          <b>Mortgage Insurance</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>240,999</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          232,353
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          26,310
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          233,347
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          242,168
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Decrease (increase) in unearned premiums</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(2,850</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,268
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          194,640
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (6,904
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (14,735
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            )
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>238,149</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          229,085
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          220,950
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          226,443
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          227,433
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>28,430</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          28,839
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          27,201
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,833
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,091
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3,511</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,424
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,915
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,515
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,711
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>270,090</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          261,348
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          250,066
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          250,791
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          251,235
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>56,151</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          50,074
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          43,275
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          56,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          64,128
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>6,119</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,393
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,389
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,831
        </td>
        <td>

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Other operating expenses before corporate allocations</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>38,081</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          36,126
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33,829
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,406
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          36,632
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Total (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>100,351</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          91,593
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          83,493
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          99,054
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          103,640
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Adjusted pretax operating income before corporate allocations</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>169,739</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          169,755
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          166,573
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          151,737
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          147,595
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Allocation of corporate operating expenses</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>11,911</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14,286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9,329
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9,251
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14,893
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Allocation of interest expense</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>15,360</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18,124
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          17,112
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          16,582
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          16,797
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>142,468</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          137,345
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          140,132
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          125,904
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          115,905
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="19">

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="20">
          <b>Services</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 3
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Services revenue (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>43,800</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          39,002
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          32,196
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          38,175
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          43,114
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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>

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

        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>26,911</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          25,224
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,053
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,880
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          25,870
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Other operating expenses before corporate allocations</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>12,740</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12,537
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          13,883
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11,710
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11,533
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>39,651</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,761
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          35,936
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          34,590
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          37,403
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Adjusted pretax operating income (loss) before corporate
          allocations (3)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>4,149</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,241
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,740
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,585
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,711
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Allocation of corporate operating expenses</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2,265</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2,779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,751
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          968
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,567
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Allocation of interest expense</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>4,423</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,422
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,422
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,414
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,423
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Adjusted pretax operating income (loss)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>(2,539</b>
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (5,960
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (9,913
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (1,797
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (279
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            )
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net of ceded premiums written under the Single Premium QSR
            transaction of $197.6 million.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Inter-segment information:</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="6">
          2015
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Inter-segment expense included in Mortgage Insurance segment</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>718</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          596
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          682
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,092
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>718</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          709
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          596
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          682
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,092
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Segment Information</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit E (page 2 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Supplemental information for Services adjusted EBITDA (see
            definition in Exhibit F):</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="6">
          2015
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Adjusted pretax operating income (loss) before corporate
          allocations</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>4,149</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,241
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (3,740
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,585
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,711
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Depreciation and amortization</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>882</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          747
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          661
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          612
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          555
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Services adjusted EBITDA</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>5,031</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,988
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (3,079
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,197
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,266
        </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>
    <p>
      <b>Selected balance sheet information for our segments, as of the
      periods indicated, is as follows:</b>
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="10">

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>At September 30, 2016</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Mortgage</b><br><b>Insurance</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Services</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>Total</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>5,686,726</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>363,101</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>6,049,827</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="10">

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

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="11">
          At December 31, 2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Mortgage<br>Insurance
          </p>
        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,281,597
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          360,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,642,100
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Definition of Consolidated Non-GAAP Financial Measures</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit F (page 1 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>Use of Non-GAAP Financial Measures</i>
    </p>
    <p>
      In addition to the traditional GAAP financial measures, we have
      presented &#8220;adjusted pretax operating income (loss)&#8221; and &#8220;adjusted
      diluted net operating income (loss) per share,&#8221; non-GAAP financial
      measures for the consolidated company, 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 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) 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). These adjustments, along with the reasons for their
      treatment, are described below.
    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          (1)
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          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 style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          (2)
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 and losses incurred to
            purchase our convertible debt prior to maturity are discretionary
            activities that are undertaken in order to take advantage of
            market opportunities to strengthen our financial and capital
            positions; therefore, we do not view these activities 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 style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          (3)
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Definition of Consolidated Non-GAAP Financial Measures</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit F (page 2 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          (4)
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          (5)
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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>
    </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 a measure of earnings before
      interest, income taxes, depreciation and amortization (&#8220;EBITDA&#8221;). We
      calculate Services adjusted 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 adjusted 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 and diluted net income per share,
      respectively. Exhibit G also contains the reconciliation of Services
      adjusted EBITDA to the most comparable GAAP measure, net income.
    </p>
    <p>
      Total adjusted pretax operating income (loss), adjusted diluted net
      operating income (loss) per share and Services adjusted EBITDA are not
      measures of total profitability, and therefore should not be viewed as
      substitutes for GAAP pretax income (loss), diluted net income (loss) per
      share or net income. Our definitions of adjusted pretax operating income
      (loss), adjusted diluted net operating income (loss) per share or
      Services adjusted EBITDA may not be comparable to similarly-named
      measures reported by other companies.
    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Consolidated Non-GAAP Financial Measure Reconciliations</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit G (page 1 of 2)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="21">
          <b>Reconciliation of Adjusted Pretax Operating Income (Loss) to
          Consolidated Pretax Income</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 3
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 15.0px" valign="bottom">
          <b>Mortgage Insurance</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>142,468</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          137,345
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          140,132
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          125,904
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          115,905
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px" valign="bottom">
          <b>Services</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(2,539</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (5,960
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (9,913
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,797
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (279
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>139,929</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          131,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          130,219
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          124,107
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          115,626
        </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 style="text-align: left; padding-left: 15.0px" valign="bottom">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>7,711</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30,527
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31,286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (13,402
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,868
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="bottom">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(17,397</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (2,108
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (55,570
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (11
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 15.0px" valign="bottom">
          <b>Acquisition-related expenses (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(10</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          54
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (205
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (266
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (525
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 15.0px" valign="bottom">
          <b>Amortization and impairment of intangible assets (1)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(3,292</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,311
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,328
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,409
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,273
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Consolidated pretax income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>126,941</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          156,547
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          102,402
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          104,710
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          115,685
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="21">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Reconciliation of Adjusted Diluted Net Operating Income Per
            Share to Diluted Net Income Per Share</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 3
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Adjusted diluted net operating income per share (1)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>0.41</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.38
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.37
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.34
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.31
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Per share impact of debt items:</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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(0.08</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.23
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Income tax provision (benefit) (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(0.03</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.03
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.04
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="bottom">
          <b>Per share impact of debt items</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(0.05</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.20
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.03
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Per share impact of other reconciling items:</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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>0.03</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.05
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.01
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Acquisition-related expenses</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Income tax provision (benefit) on other reconciling items (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>0.01</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.02
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Difference between statutory and effective tax rate</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.04
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.02
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Per share impact of other reconciling items</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>0.01</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.07
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.12
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.05
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (0.02
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Diluted net income per share</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>0.37</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.44
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          0.29
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated using the company&#8217;s federal statutory tax rate. Any
            permanent tax adjustments and state income taxes on these items
            have been deemed immaterial and are not included.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>A portion of the loss on induced conversion and debt
            extinguishment is non-deductible for tax purposes. The income tax
            benefit is based on the tax deductible loss using the company's
            federal statutory tax rate.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Consolidated Non-GAAP Financial Measure Reconciliations</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit G (page 2 of 2)</b>
        </td>
      </tr>
      <tr>
        <td colspan="21">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="21">
          <b>Reconciliation of Services Adjusted EBITDA to Net Income</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>5,031</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,988
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          (3,079
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,197
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,266
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Allocation of corporate operating expenses to Services</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(2,265</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (2,779
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,751
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (968
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,567
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Allocation of corporate interest expenses to Services</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(4,423</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (4,422
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (4,422
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (4,414
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (4,423
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px" valign="bottom">
          <b>Services depreciation and amortization</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(882</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (747
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (661
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (612
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (555
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Services adjusted pretax operating income (loss)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(2,539</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (5,960
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (9,913
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (1,797
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (279
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Mortgage Insurance adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>142,468</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          137,345
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          140,132
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          125,904
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          115,905
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>139,929</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          131,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          130,219
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          124,107
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          115,626
        </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 style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>7,711</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30,527
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31,286
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (13,402
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,868
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(17,397</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (2,108
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (55,570
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (11
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Acquisition-related expenses</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(10</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          54
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (205
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (266
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (525
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px" valign="bottom">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(3,292</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,311
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,328
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,409
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (3,273
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Consolidated pretax income</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>126,941</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          156,547
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          102,402
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          104,710
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          115,685
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>44,138</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          58,435
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          36,153
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30,182
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          45,594
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>82,803</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          98,112
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          66,249
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          70,091
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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. &#8220;Services adjusted EBITDA&#8221; is also a
      non-GAAP measure. These measures are not representative of total
      profitability, and therefore should not be viewed as substitutes for
      GAAP pretax income or diluted net income per share. Our definitions of
      adjusted pretax operating income, adjusted diluted net operating income
      per share or Services adjusted EBITDA 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="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Mortgage Insurance Supplemental Information - New Insurance
          Written</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit H</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in millions)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 3
        </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 style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total primary new insurance written</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>15,656</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          12,921
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          8,071
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          9,099
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          11,176
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>64.2</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          60.9
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          58.4
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          60.3
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          61.0
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>680-739</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>30.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          32.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          32.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; padding-bottom: 2.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>620-679</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>5.4</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.9
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.9
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.5
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.1
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Direct monthly and other premiums</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>73</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          74
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          71
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          71
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          73
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Direct single premiums</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>27</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          26
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          29
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          29
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          27
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Net single premiums (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>17</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          17
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          19
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          29
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          27
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Refinances</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>22</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          19
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          17
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          13
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>95.01% and above</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>6.0</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4.8
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.7
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.6
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.5
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>90.01% to 95.00%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>47.1</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          50.2
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          50.5
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          49.5
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          51.5
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>85.01% to 90.00%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>31.4</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31.8
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33.1
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          34.4
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          34.1
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>85.00% and below</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>15.5</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          13.2
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12.7
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12.5
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10.9
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>In 2016, represents the percentage of direct single premiums
            written, after consideration of the 35% single premium NIW ceded
            under the Single Premium QSR Transaction.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Mortgage Insurance Supplemental Information - Primary Insurance
          in Force and Risk in Force</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit I</b>
        </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>

        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          June 30,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          March 31,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          December 31,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          September 30,
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>($ in millions)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          2016
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>172,178</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          168,259
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          165,526
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          165,291
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          164,060
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>5,363</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,627
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,907
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,176
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,531
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3,624</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,786
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,953
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,117
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4,275
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>181,165</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          177,672
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          175,386
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          175,584
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          174,866
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>44,075</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          43,076
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          42,312
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          42,170
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          41,784
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1,241</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,302
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,366
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,427
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,510
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>906</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          946
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          988
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,030
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,070
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>46,222</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          45,324
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          44,666
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          44,627
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          44,364
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Percentage of primary risk in force</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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Direct monthly and other premiums</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>69</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          69
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          69
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          69
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          70
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Direct single premiums</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>31</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          31
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Net single premiums (3)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>25</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          25
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>57.4</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          57.1
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          57.0
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          57.1
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          57.0
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>680-739</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>30.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          30.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>620-679</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>10.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>&lt;=619</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1.5</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.6
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.7
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.8
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.9
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>95.01% and above</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>7.2</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.1
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.2
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.3
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.4
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>90.01% to 95.00%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>52.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          51.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          50.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          50.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          49.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>85.01% to 90.00%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>32.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          34.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          34.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>85.00% and below</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>7.9</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8.0
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8.2
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8.3
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8.5
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2005 and prior</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>5.1</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5.5
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.0
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.3
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.8
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2006 </b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2007</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>7.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2008</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>5.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2009</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2010</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2011</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2012</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>8.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          9.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          10.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2013</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>13.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          15.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          17.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          19.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2014</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>13.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          16.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          17.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>19.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; padding-bottom: 2.0px; white-space: nowrap; padding-left: 10.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>19.3</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11.5
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4.6
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-style: double; text-align: left; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Primary risk in force on defaulted loans (4)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>1,381</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,398
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,562
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,625
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,666
        </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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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 style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Represents the percentage of Single Premium RIF, after giving
            effect to all reinsurance ceded.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Mortgage Insurance Supplemental Information - Claims and Reserves</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit J</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in thousands)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>51,964</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          56,036
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          74,432
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          56,900
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          65,396
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>16,334</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18,349
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          28,929
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          21,343
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          18,966
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>9,615</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          12,315
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          13,196
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11,530
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          14,028
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total primary claims paid</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>77,913</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          86,700
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          116,557
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          89,773
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          98,390
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Pool</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>4,492</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5,451
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          7,389
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,477
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8,721
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Second-lien and other</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(234</b>
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (231
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          345
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (143
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (16
        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Subtotal</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>82,171</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          91,920
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          124,291
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          96,107
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          107,095
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Impact of captive terminations</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>(171</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (2,619
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (120
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          (65
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Impact of settlements (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>705</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,400
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3,500
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          80,426
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          61,994
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total net claims paid</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>82,705</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          90,701
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          127,671
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          176,468
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          169,089
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Average net claim paid: (3)</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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>48.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          48.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          47.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          46.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          46.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>65.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          63.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            63.0
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          61.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          60.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>41.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          39.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          36.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          40.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          42.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total average net primary claim paid</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>50.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          49.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          49.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          48.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          47.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Pool</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>51.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          58.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          53.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          56.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          51.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total average net claim paid</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>49.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          49.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          48.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          48.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          47.8
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Average direct primary claim paid (3) (4)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>50.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          49.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          49.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          50.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          48.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Average total direct claim paid (3) (4)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>50.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          50.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          49.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          50.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          48.5
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </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 style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in thousands, except primary reserve per primary default
            amounts)</b></u>
          </p>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="top">

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          <b>September 30,</b><br><b>2016</b>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap" valign="bottom" colspan="3">
          June 30,<br>2016
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap" valign="bottom" colspan="3">
          March 31,<br>2016
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          December 31,<br>2015
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap" valign="bottom" colspan="3">
          September 30,<br>2015
        </td>
      </tr>
      <tr>
        <td style="text-align: right; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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="3">

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>409,438</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          420,281
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          438,598
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          480,481
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          519,572
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Alt-A</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>166,349</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          173,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          183,189
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          203,706
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          234,772
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>A minus and below</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>106,678</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          112,001
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          116,835
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          129,352
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          137,441
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>IBNR and other</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>73,057</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          74,639
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          79,051
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          83,066
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          107,179
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>LAE</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>21,255</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          22,389
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          23,600
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          26,108
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          41,464
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Reinsurance recoverable (5)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>6,448</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          6,044
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8,239
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          8,286
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          11,071
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Total primary reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>783,225</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          808,638
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          849,512
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          930,999
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,051,499
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Pool insurance</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>36,065</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          36,982
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          38,843
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          42,084
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          43,234
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>IBNR and other</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>823</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          897
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,050
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,118
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          949
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>LAE</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>1,112</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,163
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,227
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,335
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,983
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Reinsurance recoverable (5)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>36</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          33
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <b>Total pool reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>38,036</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          39,075
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          41,120
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          44,537
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          46,166
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total 1st lien reserves</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>821,261</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          847,713
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          890,632
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          975,536
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1,097,665
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 10.0px" valign="bottom">
          <b>Second-lien and other</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>673</b>
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          666
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          716
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          863
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: right; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          905
        </td>
        <td style="border-bottom-style: solid; border-bottom-width: 1.0pt; border-bottom-color: black">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px" valign="bottom">
          <b>Total reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>821,934</b>
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          848,379
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          891,348
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          976,399
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-style: double; text-align: right; border-bottom-width: 2.25pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,098,570
        </td>
        <td style="border-bottom-style: double; border-bottom-width: 2.25pt; border-bottom-color: black">
          &#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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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="3">

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Primary reserve per primary default excluding IBNR and other</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>24,049</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          24,609
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          24,959
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          24,019
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          26,237
        </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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net of reinsurance recoveries.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>For 2015, includes the impact of the BofA Settlement Agreement.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Calculated without giving effect to the impact of the
            termination of captive transactions and settlements.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Before reinsurance recoveries.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(5)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>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="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <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 style="text-align: left; padding-left: 0.0px" valign="top" colspan="16">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="16">
          <b>Mortgage Insurance Supplemental Information - Default Statistics</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="16">
          <b>Exhibit K</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 style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          June 30,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          March 31,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          December 31,
        </td>
        <td>

        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          September 30,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2016
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>840,534</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          826,511
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          817,236
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          816,797
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          812,657
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>19,100</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          19,025
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          19,510
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          22,223
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          22,328
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>2.27</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2.30
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2.39
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2.72
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2.75
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>28,080</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          29,445
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          30,990
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          32,411
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          34,166
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>4,545</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,820
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,138
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,813
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,318
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>16.19</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          16.37
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          16.58
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          17.94
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          18.49
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 10.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>28,313</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          29,450
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          30,681
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          31,902
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          33,018
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>5,885</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,982
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,221
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,267
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,229
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>20.79</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          20.31
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          20.28
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          22.78
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          21.89
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>896,927</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          885,406
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          878,907
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          881,110
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          879,841
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Number of loans in default (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>29,530</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          29,827
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          30,869
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          35,303
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          35,875
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 20.0px" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>3.29</b>
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3.37
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3.51
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4.01
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4.08
        </td>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <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>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>September 30,</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          June 30,
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          March 31,
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          December 31,
        </td>
        <td>
          &#160;
        </td>
        <td style="text-align: center; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          September 30,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2016
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>1,888</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,180
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,339
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,821
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,993
        </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>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="11">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Mortgage Insurance Supplemental Information - QSR, Captives and
          Persistency</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="21">
          <b>Exhibit L</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="11">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="11">
          <b>2016</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; padding-right: 0.0px; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="7">
          2015
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>($ in thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px" valign="bottom" colspan="3">
          Qtr 3
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Initial and Second Quota Share Reinsurance (&#8220;QSR&#8221;)
            Transactions</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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>QSR ceded premiums written (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>6,730</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,356
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,962
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,934
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          8,466
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>2.6</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.4
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          3.4
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>QSR ceded premiums earned (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>10,597</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          11,172
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          11,325
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          10,523
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          12,203
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>4.1</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4.5
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4.7
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4.4
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          5.1
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Ceding commissions written</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>1,922</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,270
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,553
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,743
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Ceding commissions earned (2)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>3,974</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,446
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,466
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,463
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,559
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          678
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Risk in force included in QSR (3)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>1,718,031</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,872,017
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,018,468
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,131,030
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,253,913
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Single Premium 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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>QSR ceded premiums written (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>13,004</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          11,488
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          197,593
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>% of premiums written</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>5.0</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          4.6
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          84.7
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>QSR ceded premiums earned (1)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>8,608</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,146
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,994
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>% of premiums earned</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>3.3</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          2.5
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Ceding commissions written</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>5,482</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          4,844
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          50,932
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Ceding commissions earned (2)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>4,382</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,759
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,032
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Profit commission</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>8,922</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          7,891
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          6,134
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Risk in force included in QSR (3)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>3,621,993</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,461,464
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          3,308,057
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="3">
          N/A
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Total risk in force included in QSRs</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>5,340,024</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,333,481
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          5,326,525
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,131,030
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,253,913
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Premiums earned ceded to captives</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,346
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          1,869
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,268
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          2,434
        </td>
        <td>

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

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>0.2</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.5
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          0.8
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.0
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          1.0
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Persistency Rate (twelve months ended)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>78.4</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          79.9
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          79.4
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          78.8
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          79.2
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="bottom">
          <b>Persistency Rate (quarterly, annualized) (4)</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          <b>75.3</b>
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          78.0
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          82.3
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          81.8
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom" colspan="2">
          80.5
        </td>
        <td style="text-align: right; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="bottom">
          %
        </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 style="font-size: 8pt; margin-bottom: 10.0px; width: 100%; font-family: Times New Roman" cellspacing="0">
      <tr>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Net of profit commission.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Includes amounts reported in policy acquisition costs and other
            operating expenses.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Included in primary risk in force.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-right: 0.0px; white-space: nowrap; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>The Persistency Rate on a quarterly, annualized basis may be
            impacted by seasonality or other factors, and may not be
            indicative of full-year trends.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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>
    <div style="margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 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 in general economic and political conditions, including in
        particular but without limitation, unemployment rates, interest rates
        and changes in housing and mortgage credit markets that could impact
        the size of the insurable market and the credit performance of our
        insured portfolio;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in the way customers, investors, regulators or legislators
        perceive the performance and financial strength of private mortgage
        insurers;
      </li>
      <li style="margin-bottom: 10.0px">
        Radian Guaranty&#8217;s ability to remain eligible under the PMIERs and
        other applicable requirements imposed by the Federal Housing Finance
        Agency and by the GSEs to insure loans purchased by the GSEs;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to successfully execute and implement our capital plans
        and to maintain sufficient holding company liquidity to meet our
        short- and long-term liquidity needs;
      </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 and/or regulatory approvals;
      </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, including the GSEs&#8217;
        interpretation and application of the PMIERs to Radian Guaranty;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in the current housing finance system in the U.S., including
        in particular but without limitation, the role of the FHA, the GSEs
        and private mortgage insurers in this system;
      </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 significant decrease in the Persistency Rates of our Monthly Premium
        Policies;
      </li>
      <li style="margin-bottom: 10.0px">
        competition in our mortgage insurance business, including in
        particular but without limitation, price competition (in particular
        from those mortgage insurers with advantageous tax positions) and
        competition from the FHA, VA and other forms of credit enhancement;
      </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 outcome of legal and regulatory actions, reviews, audits,
        inquiries and investigations that could result in adverse judgments,
        settlements, fines, injunctions, restitutions or other relief that
        could require significant expenditures or have other effects on our
        business;
      </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 IRS resulting from its 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 GAAP or SAP rules and guidance, or their interpretation;
      </li>
      <li style="margin-bottom: 10.0px">
        legal and other limitations on dividends and other amounts we may
        receive from our subsidiaries; and
      </li>
      <li style="margin-bottom: 10.0px">
        the possibility that we may need to impair the carrying value of
        goodwill established in connection with our acquisition of Clayton.
      </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 our 2015 Form 10-K, and in our subsequent
      quarterly and other reports filed from time to time with the SEC. 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 report. 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>

    </p>
    <p>
      CONTACT:<br>Radian Group Inc.<br>Emily Riley,<b> </b>215-231-1035<br><u>emily.riley@radian.biz</u>
    </p>
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