<SEC-DOCUMENT>0001157523-17-001236.txt : 20170427
<SEC-HEADER>0001157523-17-001236.hdr.sgml : 20170427
<ACCEPTANCE-DATETIME>20170427090026
ACCESSION NUMBER:		0001157523-17-001236
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170427
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170427
DATE AS OF CHANGE:		20170427

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:		17786458

	BUSINESS ADDRESS:	
		STREET 1:		1601 MARKET STREET
		STREET 2:		11TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1601 MARKET ST
		STREET 2:		11TH 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>a51548507.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
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      <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>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font>
    </p>
    <p style="text-align: center">
      <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">April
      27, 2017</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="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


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


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

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

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


    <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>
      &#160;&#160;&#160;&#160;&#160;<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>
      &#160;&#160;&#160;&#160;&#160;<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>
      &#160;&#160;&#160;&#160;&#160;<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>
      &#160;&#160;&#160;&#160;&#160;<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>
    <p style="text-align: justify">
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-size: 12pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
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      <div>
        <div style="text-align: left">

        </div>
      </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>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      On April 27, 2017, Radian Group Inc. issued a news release announcing
      its financial results for the quarter ended March 31, 2017. 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>

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p>
      <b>(d) <i>Exhibits.</i></b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      99.1*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Radian Group Inc. News Release dated April 27, 2017.
    </p>
    <p>
      _____________________
    </p>
    <p style="white-space: nowrap">
      *&#160;&#160;Furnished herewith.
    </p>
    <p>

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

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


    <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>
      <br>

    </p>
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    <table style="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          (Registrant)
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          Date:
        </td>
        <td style="width: 45%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          April 27, 2017
        </td>
        <td style="width: 4%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="top">
          By:
        </td>
        <td style="width: 46%; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ J. Franklin Hall
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

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

        </td>
        <td style="width: 46%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            J. Franklin Hall
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

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

        </td>
        <td style="width: 46%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 12%; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>No.</b>
          </p>
        </td>
        <td style="width: 5%; padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          &#160;
        </td>
        <td style="width: 83%; border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Description</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 83%; padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 12%; padding-left: 0.0px; text-align: left" valign="top">
          99.1*
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 83%; padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Radian Group Inc. News Release dated April 27, 2017.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 83%; padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            * Furnished herewith.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51548507_ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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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 First Quarter 2017 Financial Results</b></font>
    </p>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>-- Net
      income of $76 million or $0.34 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 $0.37 &#8211;</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>-- New MI
      business written grows 25%; MI in force increases 6% year-over-year &#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 9% year-over-year to $13.58 &#8211;</b></font>
    </p>
    <p>
      PHILADELPHIA--(BUSINESS WIRE)--April 27, 2017--Radian Group Inc. (NYSE:
      RDN) today reported net income for the quarter ended March 31, 2017, of
      $76.5 million, or $0.34 per diluted share. This compares to net income
      for the quarter ended March 31, 2016, of $66.2 million, or $0.29 per
      diluted share. Consolidated pretax income for the quarter ended March
      31, 2017, was $114.7 million, which compares to consolidated pretax
      income of $102.4 million for the quarter ended March 31, 2016.
    </p>
    <p>
      Book value per share at March 31, 2017, was $13.58, compared to $13.39
      at December 31, 2016, and an increase of 9 percent from $12.42 at March
      31, 2016.
    </p>
    <p>
      <b>Key Financial Highlights</b> <i>(dollars in millions, except per
      share data)</i>
    </p>
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    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
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          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Quarter Ended<br>March 31, 2017
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Quarter Ended<br>March 31, 2016
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Percent<br>Change
          </p>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Net income
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $76.5
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $66.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          16
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Diluted net income per share
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $0.34
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $0.29
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          17
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Pretax income
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $114.7
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $102.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          12
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Adjusted pretax operating income
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $125.3
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $130.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          (4
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %)
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Adjusted diluted net operating

          <p style="margin-top: 0px; margin-bottom: 0px">
            income per share *
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $0.37
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $0.37
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          --
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Net premiums earned &#8211; insurance
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $221.8
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $221.0
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          --
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          New Mortgage Insurance Written (NIW)
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $10,055
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $8,071
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          25
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Mortgage insurance in force
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          185.9
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          175.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          6
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; border-bottom-style: solid" valign="middle">
          Book value per share
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $13.58
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $12.42
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          9
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td>

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </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>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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>
      Adjusted pretax operating income for the quarter ended March 31, 2017,
      was $125.3 million, compared to $130.2 million for the quarter ended
      March 31, 2016. Adjusted diluted net operating income per share for the
      quarter ended March 31, 2017, was $0.37, flat to $0.37 for the quarter
      ended March 31, 2016. See &#8220;Non-GAAP Financial Measures&#8221; below as well as
      Exhibits F and G for additional details regarding these adjusted
      measures.
    </p>
    <p>
      &#8220;I am pleased to report strong first quarter results for Radian,
      including year over year growth in net income, book value and new MI
      business written,&#8221; said Radian&#8217;s Chief Executive Officer Rick
      Thornberry. &#8220;As persistency rises, we expect our large, high-quality MI
      in-force portfolio to grow and generate future premium revenue. This is
      the primary driver of future earnings for Radian.&#8221;
    </p>
    <p>
      Thornberry added, &#8220;After nearly two months with Radian as CEO, my
      excitement about the prospects ahead continues to grow. I decided to
      join the company based on the excellent businesses, great team,
      diversified set of products and services, high quality portfolio, and
      the institutional commitment to serve customers. Those qualities, along
      with a strong capital base, solid profitability and excellent market
      opportunity, are a winning combination.&#8221;
    </p>
    <p>
      FIRST QUARTER HIGHLIGHTS
    </p>
    <p>
      <i>Mortgage Insurance</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        New mortgage insurance written (NIW) was $10.1 billion for the
        quarter, compared to $13.9 billion in the fourth quarter of 2016 and
        $8.1 billion in the prior-year quarter.

        <ul>
          <li style="margin-bottom: 10.0px">
            For the first quarter of 2017, NIW grew 25 percent compared to the
            first quarter of 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            Of the $10.1 billion in new business written in the first quarter
            of 2017, 25 percent was written with single premiums. Net single
            premiums written, after consideration of the 35 percent ceded
            under the Single Premium Quota Share Reinsurance Transaction, was
            16 percent in the first quarter of 2017.
          </li>
          <li style="margin-bottom: 10.0px">
            Refinances accounted for 16 percent of total NIW in the first
            quarter of 2017, compared to 27 percent in the fourth quarter of
            2016, and 19 percent a year ago.
          </li>
          <li style="margin-bottom: 10.0px">
            NIW continued to consist of loans with excellent risk
            characteristics.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        Total primary mortgage insurance in force as of March 31, 2017, grew
        to $185.9 billion, compared to $183.5 billion as of December 31, 2016,
        and $175.4 billion as of March 31, 2016.

        <ul>
          <li style="margin-bottom: 10.0px">
            The composition of Radian&#8217;s mortgage insurance portfolio continues
            to improve, with 89 percent consisting 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">
            Persistency, which is the percentage of mortgage insurance that
            remains in force after a twelve-month period, was 77.1 percent as
            of March 31, 2017, compared to 76.7 percent as of December 31,
            2016, and 79.4 percent as of March 31, 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            Annualized persistency for the three-months ended March 31, 2017,
            was 84.4 percent, compared to 76.8 percent for the three-months
            ended December 31, 2016, and 82.3 percent for the three-months
            ended March 31, 2016.
          </li>
        </ul>
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        Total net premiums earned were $221.8 million for the quarter ended
        March 31, 2017, compared to $233.6 million for the quarter ended
        December 31, 2016, and $221.0 million for the quarter ended March 31,
        2016.

        <ul>
          <li style="margin-bottom: 10.0px">
            Accelerated revenue recognition due to Single Premium Policy
            cancellations, which are net of reinsurance, were $5.9 million in
            the first quarter, compared to $15.7 million in the fourth quarter
            of 2016, and $9.8 million in the first quarter of 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            Ceded premiums of $14.3 million, $18.2 million and $19.4 million
            for the quarters ended March 31, 2017, December 31, 2016, and
            March 31, 2016, respectively, are net of accrued profit commission
            on reinsurance transactions of $5.9 million in the first quarter
            of 2017, compared to $8.5 million in the fourth quarter of 2016,
            and $6.1 million in the first quarter of 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            The decrease in the level of refinancing activity in the first
            quarter contributed to the decrease in acceleration of premiums
            related to Single Premium Policy cancellations as well as the
            decrease in ceded premiums and profit commission related to the
            company&#8217;s Single Premium Quota Share Reinsurance transaction.
          </li>
        </ul>
      </li>
      <li style="margin-bottom: 10.0px">
        The mortgage insurance provision for losses was $47.2 million in the
        first quarter of 2017, compared to $54.7 million in the fourth quarter
        of 2016, and $43.3 million in the prior-year period.

        <ul>
          <li style="margin-bottom: 10.0px">
            The provision for losses in the first quarter included the
            positive impact of a modest reduction in the company&#8217;s default to
            claim rate assumption for new notices of default.
          </li>
          <li style="margin-bottom: 10.0px">
            The loss ratio in the first quarter was 21.3 percent, compared to
            23.4 percent in the fourth quarter of 2016 and 19.6 percent in the
            first quarter of 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            Mortgage insurance loss reserves were $726.2 million as of March
            31, 2017, compared to $760.3 million as of December 31, 2016, and
            $891.3 million as of March 31, 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            Primary reserve per primary default (excluding IBNR and other
            reserves) was $24,230 as of March 31, 2017. This compares to
            primary reserve per primary default of $22,503 as of December 31,
            2016, and $24,959 as of March 31, 2016.
          </li>
        </ul>
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        The total number of primary delinquent loans decreased by 11.4 percent
        in the first quarter from the fourth quarter of 2016, and by 16.4
        percent from the first quarter of 2016. The primary mortgage insurance
        delinquency rate decreased to 2.8 percent in the first quarter of
        2017, compared to 3.2 percent in the fourth quarter of 2016, and 3.5
        percent in the first quarter of 2016.
      </li>
      <li style="margin-bottom: 10.0px">
        Total net mortgage insurance claims paid were $82.1 million in the
        first quarter, compared to $116.5 million in the fourth quarter of
        2016, and $127.7 million in the first quarter of 2016. In addition,
        the company&#8217;s pending claim inventory declined 37 percent from the
        first quarter of 2016.
      </li>
    </ul>
    <p>
      <i>Mortgage and Real Estate Services</i>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        The Services segment provides analytics and outsourced services,
        including residential loan due diligence and underwriting, valuations,
        servicing surveillance, title and escrow, and consulting services 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 first quarter were $40.1 million, compared to
        $52.6 million for the fourth quarter of 2016, and $34.5 million for
        the first quarter of 2016.
      </li>
      <li style="margin-bottom: 10.0px">
        The adjusted pretax operating loss before corporate allocations for
        the quarter ended March 31, 2017, was $1.2 million, compared to income
        of $3.6 million for the quarter ended December 31, 2016, and a loss of
        $3.8 million for the quarter ended March 31, 2016.
      </li>
    </ul>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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">
        Services adjusted earnings before interest, income taxes, depreciation
        and amortization (Services adjusted EBITDA) for the quarter ended
        March 31, 2017, was a loss of $0.3 million, compared to income of $4.4
        million for the quarter ended December 31, 2016, and a loss of $3.1
        million for the quarter ended March 31, 2016. 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 $68.4 million in the first quarter,
      compared to $62.4 million in the fourth quarter of 2016, and $57.2
      million in the first quarter of last year.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Notable increases to items impacting other operating expenses in the
        first quarter of 2017 compared to the first quarter of 2016 include:

        <ul>
          <li style="margin-bottom: 10.0px">
            $3.6 million associated with retirement and consulting agreements
            entered into in February 2017 with the company&#8217;s former CEO.
            Additional expenses are expected to be recognized throughout the
            year. A portion of both the current and future expenses are
            subject to change, based on the company&#8217;s and former CEO&#8217;s future
            performance. Details may be found in the company&#8217;s recent proxy
            statement.
          </li>
          <li style="margin-bottom: 10.0px">
            $3.7 million related to variable and incentive-based compensation
            expenses, including an increase in the first quarter 2017 for
            year-end bonus accruals related to the company&#8217;s 2016 performance,
            compared to a decrease in year-end bonus accruals in the first
            quarter of 2016.
          </li>
          <li style="margin-bottom: 10.0px">
            $2.4 million associated with various items including periodic
            non-capitalized costs associated with recently deployed technology
            systems as well as consulting services, including those related to
            the company&#8217;s CEO search.
          </li>
          <li style="margin-bottom: 10.0px">
            $1.2 million in expense, driven primarily by depreciation, related
            to the company&#8217;s investment to significantly upgrade its
            technology systems.
          </li>
        </ul>
      </li>
    </ul>
    <p>
      Details regarding notable variable items impacting other operating
      expenses may be found in Exhibit D.
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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>
    <ul>
      <li style="margin-bottom: 10.0px">
        Radian Group maintained approximately $360 million of available
        liquidity as of March 31, 2017. The company initiated a series of
        capital actions two years ago, in order to strengthen its capital and
        liquidity position, improve its debt maturity profile and reduce the
        impact of dilution from its convertible bonds. The combination of
        these capital actions decreased the company&#8217;s total number of diluted
        shares outstanding by 27.1 million from March 31, 2015, to March 31,
        2017. During the same time period, the company&#8217;s debt to capital ratio
        decreased from 34.6 percent to 25.7 percent. Radian Group has no
        material debt maturities prior to June 2019.
      </li>
      <li style="margin-bottom: 10.0px">
        The company&#8217;s most recent capital action was executed in January 2017,
        in which Radian settled its obligations with respect to the remaining
        $68.0 million aggregate principal amount of its Convertible Senior
        Notes due 2019. While the transaction had a negative impact of $0.20
        to book value per share during the first quarter of 2017, it also
        reduced the company&#8217;s diluted shares by 6.4 million at the time of the
        settlement, or approximately 3 percent of diluted shares outstanding
        as of December 31, 2016.
      </li>
    </ul>
    <p>
      <b>CONFERENCE CALL</b>
    </p>
    <p>
      Radian will discuss first quarter financial results in a conference call
      today, Thursday, April 27, 2017, 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 612.332.0228 for international callers,
      using passcode 422045 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 422045.
    </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="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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 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>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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>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 helps
        protect 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>
    <p>
      <b>FINANCIAL RESULTS AND SUPPLEMENTAL INFORMATION CONTENTS (Unaudited)</b>
    </p>
    <p>
      For historical trend information, refer to Radian&#8217;s quarterly financial
      statistics at <u>http://www.radian.biz/page?name=FinancialReportsCorporate</u>.
    </p>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

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

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

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

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

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

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

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Captives, QSR and Persistency
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Condensed Consolidated Statements of Operations Trend Schedule (1)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Exhibit A</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>(In thousands, except per-share amounts)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>221,800</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          233,585
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>38,027</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          49,905
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          45,877
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          40,263
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          32,849
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>31,032</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          28,996
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(2,851</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (38,773
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>746</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          736
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          716
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          1,454
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          666
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total revenues</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>288,754</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          274,449
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>46,913</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          54,287
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>6,729</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,579
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>28,375</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          33,812
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          29,447
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          27,365
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          23,550
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>68,377</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          62,416
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          62,119
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          63,173
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          57,188
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>15,938</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          17,269
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>4,456</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>3,296</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,290
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,328
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total expenses</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>174,084</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          176,653
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>114,670</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          97,796
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>38,198</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          36,707
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          36,153
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Net income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>76,472</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          61,089
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          0.27
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>21.3</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          23.4
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          19.6
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Expense ratio (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>27.1</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          21.8
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="14">

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Net Income Per Share Trend Schedule</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Exhibit B</b>
        </td>
      </tr>
      <tr>
        <td colspan="20">

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>The calculation of basic and diluted net income per share was as
          follows:</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="14">

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>(In thousands, except per-share amounts)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Net income&#8212;basic</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>76,472</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          61,089
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Adjustment for dilutive Convertible Senior Notes due 2019, net of
          tax (1)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(215</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          665
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,390
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Net income&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>76,257</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          61,754
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>214,925</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          214,481
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Dilutive effect of Convertible Senior Notes due 2017 (2)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>701</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          421
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>1,854</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          6,417
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>4,017</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,457
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2,418
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Adjusted average common shares outstanding&#8212;diluted</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          <b>221,497</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          224,776
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          0.28
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          0.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          0.33
        </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="2">

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          0.27
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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. Due to the January 2017
            settlement of our obligations with respect to the remaining
            Convertible Senior Notes due 2019, a benefit was recorded to
            adjust estimated accrued expense to actual amounts.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>The following number of shares of our common stock equivalents
            issued under our share-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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>445</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

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

        </td>
        <td>
          &#160;
        </td>
        <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>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="23">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="23">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="23">
          <b>Exhibit C</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="3">
          March 31,
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>(In thousands, except per-share data)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>4,437,716</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,462,430
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>77,954</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          52,149
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>8,436</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          9,665
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>73,794</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          77,631
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>369,209</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          411,798
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>273,068</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          276,228
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>230,148</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          229,438
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>357,435</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          343,835
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          325,129
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>5,827,760</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          5,863,174
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>684,797</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          681,222
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>726,169</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          760,269
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>1,008,777</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,069,537
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>167,427</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          158,001
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>319,282</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          321,859
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          306,188
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total liabilities</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2,906,452</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2,990,888
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>883</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>233</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(893,372</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (893,332
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>2,743,594</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2,779,891
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>1,073,333</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          997,890
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(3,363</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (12,395
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          22,791
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2,920,425</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2,872,286
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2,660,398
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total liabilities and stockholders&#8217; equity</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>5,827,760</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          5,863,174
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>215,091</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          214,521
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>13.58</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          13.39
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <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>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Risk to capital ratio-Radian Guaranty only</b>
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.5
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.7
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          14.0
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          12.5
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Risk to capital ratio-Mortgage Insurance combined</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>13.4</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>:1</b>
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.6
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.9
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          14.2
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          12.9
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          :1
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 1
        </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="padding-left: 0.0px; text-align: left" 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Direct</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>236,062</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          251,751
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(14,269</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (18,174
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (19,389
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Net premiums earned - insurance</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>221,800</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          233,585
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Single Premium Policy cancellations, net of reinsurance</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,879</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          15,702
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Profit commission - reinsurance (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>5,888</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          8,458
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          6,134
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>11,767</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          24,160
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Other operating expenses</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>68,377</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          62,416
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          62,119
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          63,173
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          57,188
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Technology upgrade project (4)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>3,512</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,648
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>961</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          888
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Retirement and consulting agreement (5)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>3,622</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Incentive compensation (6) (7)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>7,447</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          9,072
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          12,652
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          14,183
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          6,235
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Ceding commissions (8)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(3,864</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (5,105
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (4,413
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>11,678</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          8,503
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          10,769
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          11,897
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          7,133
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>The amounts represent the profit commission on the Single
            Premium QSR Transaction.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(5)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>The amount represents expenses associated with retirement and
            consulting agreements entered into in February 2017 with our
            former CEO. Additional expenses are expected to be recognized
            throughout the year. A portion of both the current and future
            expenses are subject to change, based on the Company's and former
            CEO's future performance.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(6)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>The expense relates to short- and long-term incentive programs.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(7)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Incentive compensation expense is shown net of deferred policy
            acquisition costs.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(8)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

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

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="19">
          <b>Mortgage Insurance</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
        <td>

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

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

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>224,665</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          234,172
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (1)
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>(Increase) decrease in unearned premiums</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(2,865</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (587
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          (3,268
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>221,800</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          233,585
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>31,032</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          28,996
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>746</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          736
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          716
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          1,454
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          666
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>253,578</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          263,317
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          267,295
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          259,378
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          248,817
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>47,232</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          54,675
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>6,729</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,579
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>39,289</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          37,773
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          35,940
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          34,365
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          32,546
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>93,250</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          98,027
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          98,210
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          89,832
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          82,210
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>160,328</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          165,290
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          169,085
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          169,546
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          166,607
        </td>
        <td>

        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Allocation of corporate operating expenses</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>14,186</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          9,652
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>11,509</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          12,843
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>134,633</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          142,795
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          141,814
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          137,136
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          140,166
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="19">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Services</b>
          </p>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
        <td>

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

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

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

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Services revenue (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>40,089</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          52,558
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          48,033
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          $42,210
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          34,448
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>28,690</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          34,130
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          29,655
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          27,730
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          23,854
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>12,604</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          14,842
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          13,575
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          13,030
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          14,368
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>41,294</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          48,972
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          43,230
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          40,760
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          38,222
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Adjusted pretax operating income (loss) before corporate
          allocations (3)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(1,205</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          3,586
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4,803
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,450
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          (3,774
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Allocation of corporate operating expenses</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>3,718</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,738
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>4,429</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          4,426
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Adjusted pretax operating income (loss)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>(9,352</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          (2,578
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          (1,885
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            )
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $(5,751
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            )
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (9,947
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          )
        </td>
        <td>

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

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

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

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

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="14">

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2,653
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,947
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,599
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2,653
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,947
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,599
        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Segment Information</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit E (page 2 of 2)</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td>

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>(1,205</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,586
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,803
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,450
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          (3,774
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>858</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          884
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          749
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          663
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>(347</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          4,415
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          5,687
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          2,199
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          (3,111
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          )
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Selected balance sheet information for our segments, as of the
            periods indicated, is as follows:</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="10">
          <b>At March 31, 2017</b>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>(In thousands)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Mortgage</b><br><b>Insurance</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>Services</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>Total</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Total assets</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,475,502</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>352,258</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,827,760</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="10">
          At December 31, 2016
        </td>
      </tr>
      <tr>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; border-bottom-style: solid" valign="bottom">
          <b>(In thousands)</b>
        </td>
        <td>

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,506,338
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          356,836
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,863,174
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Definition of Consolidated Non-GAAP Financial Measures</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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&#8221; and &#8220;adjusted diluted net
      operating income 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&#8221; and &#8220;adjusted diluted net operating income 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 (Radian'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 is defined as GAAP pretax income
      excluding 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
      is calculated by dividing (i) adjusted pretax operating income
      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 share-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 excludes certain items that
      have occurred in the past and are expected to occur in the future, the
      excluded items represent those that are: (i) not viewed as part of the
      operating performance of our primary activities or (ii) 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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 securities.
            These valuation adjustments may not necessarily result in realized
            economic gains or losses.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" 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).
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          (2)
        </td>
        <td>

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

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          (4)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Amortization and impairment of intangible assets.</i>
            Amortization of intangible assets represents the periodic expense
            required to amortize the cost of intangible assets over their
            estimated useful lives. Intangible assets with an indefinite
            useful life are also periodically reviewed for potential
            impairment, and impairment adjustments are made whenever
            appropriate. These charges are not viewed as part of the operating
            performance of our primary activities and therefore are excluded
            from our calculation of adjusted pretax operating income (loss).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          (5)
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Net impairment losses recognized in earnings.</i> The
            recognition of net impairment losses on investments can vary
            significantly in both size and timing, depending on market credit
            cycles. We do not view these impairment losses to be indicative of
            our fundamental operating activities. Therefore, whenever these
            losses occur, we exclude them from our calculation of adjusted
            pretax operating income (loss).
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      In addition to the above non-GAAP measures for the consolidated company,
      we also have presented as supplemental information a non-GAAP measure
      for our Services segment, representing 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 the most comparable GAAP
      measures, consolidated pretax income and diluted net income per share,
      to our non-GAAP financial measures for the consolidated company,
      adjusted pretax operating income and adjusted diluted net operating
      income per share, respectively. Exhibit G also contains the
      reconciliation of the most comparable GAAP measure, net income, to
      Services adjusted EBITDA.
    </p>
    <p>
      Total adjusted pretax operating income, adjusted diluted net operating
      income per share and Services adjusted EBITDA are not measures of total
      profitability, and therefore should not be viewed as substitutes for
      GAAP pretax income, diluted net income per share or net income. 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.
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>114,670</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          97,796
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Less income (expense) 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(2,851</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (38,773
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(4,456</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (55,570
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Acquisition-related expenses (1)</b>
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (358
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (205
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(3,296</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (3,290
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (3,328
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total adjusted pretax operating income (2)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>125,281</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          140,217
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          139,929
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          131,385
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          130,219
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Please see Exhibit F for the definition of this line item.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Total adjusted pretax operating income consists of adjusted
            pretax operating income (loss) for each segment as follows:</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Mortgage Insurance</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>134,633</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          142,795
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          141,814
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          137,136
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          140,166
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(9,352</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (2,578
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (1,885
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (5,751
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (9,947
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>125,281</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          140,217
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          139,929
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          131,385
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          130,219
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Reconciliation of Diluted Net Income Per Share to Adjusted
            Diluted Net Operating Income Per Share</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 1
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Diluted net income per share</b>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          0.27
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          0.44
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          0.29
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Less 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Loss on induced conversion and debt extinguishment</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(0.02</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.23
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Income tax provision (benefit) (1)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.03
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.03
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Per-share impact of debt items</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.05
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.20
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Less per-share impact of other income (expense) 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.17
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.03
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.13
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.13
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.02
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Income tax provision (benefit) on other income (expense) items (2)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (0.07
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.01
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.04
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.04
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Difference between statutory and effective tax rate</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(0.01</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.02
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.01
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          0.04
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Per-share impact of other income (expense) items</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(0.02</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (0.14
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          0.01
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          0.07
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          0.12
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Adjusted diluted net operating income per share (2)</b>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.41
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.41
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.38
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          0.37
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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 of 35%.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Calculated using the company&#8217;s federal statutory tax rate of
            35%. Any permanent tax adjustments and state income taxes on these
            items have been deemed immaterial and are not included.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>(In thousands)</b></u>
          </p>
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>76,472</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          61,089
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Less income (expense) 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Net gains (losses) on investments and other financial instruments</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(2,851</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (38,773
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(4,456</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (55,570
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Acquisition-related expenses</b>
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (358
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (205
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Amortization and impairment of intangible assets</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(3,296</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (3,290
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (3,292
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (3,328
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Income tax provision</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>38,198</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          36,707
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          44,138
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          58,435
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          36,153
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Mortgage Insurance adjusted pretax operating income</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>134,633</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          142,795
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          141,814
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          137,136
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          140,166
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Services adjusted pretax operating income (loss)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(9,352</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (2,578
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (1,885
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (5,751
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (9,947
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Less income (expense) 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Allocation of corporate operating expenses to Services</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(3,718</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (1,738
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (1,751
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>Allocation of corporate interest expense to Services</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>(4,429</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (4,426
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (4,423
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (4,422
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (4,422
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Services depreciation and amortization</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>(858</b>
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>)</b>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (884
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (749
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (663
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Services adjusted EBITDA</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>(347</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>4,415</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>5,687</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>2,199</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>(3,111</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>)</b>
        </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, diluted net income per share or net income. 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="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Radian Group Inc. and Subsidiaries</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Mortgage Insurance Supplemental Information - New Insurance
          Written</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <b>Exhibit H</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>($ in millions)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 1
        </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="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total primary new insurance written</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>10,055</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          13,882
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          15,656
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          12,921
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          8,071
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>61.3</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          63.4
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          64.2
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          60.9
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          58.4
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>680-739</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>32.7</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          31.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          30.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          32.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          33.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>620-679</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>6.0</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          5.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          5.4
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          6.9
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          7.9
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Direct monthly and other premiums</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>75</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          73
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          73
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          74
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          71
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Direct single premiums</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          29
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Net single premiums (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>16</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>16</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          18
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          19
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 0.0px; text-align: left" 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="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>95.01% and above</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>9.2</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          7.4
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          6.0
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.8
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          3.7
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>90.01% to 95.00%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>47.3</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          43.6
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          47.1
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          50.2
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          50.5
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>85.01% to 90.00%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>30.3</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          32.3
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          31.4
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          31.8
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          33.1
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          <b>85.00% and below</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>13.2</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          16.7
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          15.5
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.2
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          12.7
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>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="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" 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="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Mortgage Insurance Supplemental Information - Primary Insurance
            in Force and Risk in Force</b>
          </p>
        </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="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit I</b>
          </p>
        </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="padding-left: 0.0px; text-align: center" valign="bottom" colspan="3">
          <b>March 31,</b>
        </td>
        <td>

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="3">
          March 31,
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>($ in millions)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

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

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Primary insurance in force (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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>177,702</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          174,927
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          172,178
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          168,259
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          165,526
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>4,842</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,064
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,363
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,627
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,907
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>3,315</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,459
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,624
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,786
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,953
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>185,859</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          183,450
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          181,165
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          177,672
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          175,386
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Primary risk in force</b></u><b> (1) (2)</b>
          </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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>45,442</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>44,708</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          44,075
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          43,076
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          42,312
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>1,118</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,168
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,302
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,366
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>834</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          865
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          906
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          946
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          988
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>47,394</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          46,741
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          46,222
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          45,324
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          44,666
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Direct monthly and other premiums</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          69
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Direct single premiums</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          31
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Net single premiums (3)</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          25
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>&gt;=740</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>57.9</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          57.6
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          57.4
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          57.1
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          57.0
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>680-739</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>31.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          31.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          30.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          30.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          30.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>620-679</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>9.6</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          9.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          10.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          10.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          10.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>&lt;=619</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>1.4</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          1.5
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          1.5
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          1.6
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          1.7
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total Primary</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>95.01% and above</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>7.6</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          7.4
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          7.2
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          7.1
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          7.2
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>90.01% to 95.00%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>52.6</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          52.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          52.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          51.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          50.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>85.01% to 90.00%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>32.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          32.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          32.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          33.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          33.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>85.00% and below</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>7.6</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          7.8
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          7.9
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          8.0
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          8.2
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>2008 and prior</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>18.5</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          19.5
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          20.8
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          24.0
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2009</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>0.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.5
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2010</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>0.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2011</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>1.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2012</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>7.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          8.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          8.8
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          9.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          10.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2013</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>11.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          12.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          15.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          17.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2014</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>11.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          12.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          13.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          14.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          16.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2015</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>17.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          18.1
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          19.4
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          21.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          22.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>25.0</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          25.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          19.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          11.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-right: 0.0px; padding-bottom: 2.0px; white-space: nowrap" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>5.3</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          <b>100.0</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom" colspan="2">
          100.0
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" 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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Primary risk in force on defaulted loans (4)</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,363
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,381
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,398
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,446
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Represents the percentage of Single Premium RIF, after giving
            effect to all reinsurance ceded.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(4)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Excludes risk related to loans subject to the Freddie Mac
            Agreement.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Mortgage Insurance Supplemental Information - Claims and
            Reserves</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="21">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit J</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>($ in thousands)</b></u>
          </p>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 4
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 3
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 2
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          Qtr 1
        </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="padding-left: 0.0px; text-align: left" 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>52,044</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          70,151
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          51,964
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          56,036
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          74,432
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>16,165</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          27,558
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          16,334
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          18,349
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          28,929
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>9,460</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          13,760
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          9,615
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          12,315
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          13,196
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Total primary claims paid</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>77,669</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          111,469
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          77,913
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          86,700
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          116,557
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>4,180</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4,788
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4,492
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5,451
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          7,389
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>78</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (264
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (234
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          (231
        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: left; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          345
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Subtotal</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>81,927</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          115,993
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          82,171
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          91,920
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          124,291
        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          492
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (171
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (2,619
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          (120
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Impact of settlements</b>
        </td>
        <td>

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          705
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          1,400
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          3,500
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total net claims paid</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>82,088</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          116,485
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          82,705
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          90,701
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          127,671
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Average net claims paid: (2)</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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>50.5</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          45.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          48.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          48.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          47.7
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>67.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          65.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          65.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          63.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          63.0
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>39.6</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          37.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          41.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          39.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          36.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Total average net primary claims paid</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>51.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          47.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          50.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          49.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          49.0
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>49.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          45.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          51.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          58.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          53.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Total average net claims paid</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>50.9</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          47.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          49.7
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          49.6
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          48.9
        </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="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Average direct primary claims paid (2) (3)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>51.6</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          48.2
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          50.3
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          49.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          49.6
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Average total direct claims paid (2) (3)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>51.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          47.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          50.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          50.0
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          49.5
        </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="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>($ in thousands, except primary reserve per primary default
            amounts)</b></u>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>March 31,</b><br><b>2017</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            December 31,<br>2016
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            September 30,<br>2016
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            June 30,<br>2016
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-top: 0px; margin-bottom: 0px">
            March 31,<br>2016
          </p>
        </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="padding-left: 0.0px; text-align: left" 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Prime</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>362,804</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          379,845
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          409,438
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          420,281
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          438,598
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>140,543</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          148,006
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          166,349
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          173,284
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          183,189
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>96,373</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          101,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          106,678
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          112,001
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          116,835
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>70,651</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          71,107
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          73,057
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          74,639
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          79,051
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>17,550</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          18,630
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          21,255
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          22,389
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          23,600
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Reinsurance recoverable (4)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>7,681</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          6,816
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          6,448
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          6,044
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          8,239
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total primary reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>695,602</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          726,057
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          783,225
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          808,638
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          849,512
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Pool insurance</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>28,453</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          31,853
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          36,065
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          36,982
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          38,843
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>603</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          673
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          823
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          897
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,050
        </td>
        <td>

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>822</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          932
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,112
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,163
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          1,227
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Reinsurance recoverable (4)</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>28</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px" valign="bottom">
          <b>Total pool reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>29,906</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          33,493
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          38,036
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          39,075
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          41,120
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Total 1st lien reserves</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>725,508</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          759,550
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          821,261
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          847,713
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          890,632
        </td>
        <td>

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

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

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          719
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          673
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          666
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          716
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px" valign="bottom">
          <b>Total reserves</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>$</b>
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          <b>726,169</b>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          760,269
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          821,934
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          848,379
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; padding-left: 0.0px; text-align: right; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: double" valign="bottom">
          891,348
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Primary reserve per primary default excluding IBNR and other</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>24,230</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          22,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          24,049
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          24,609
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          24,959
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Net of reinsurance recoveries.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Calculated without giving effect to the impact of the
            termination of captive transactions and settlements.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" 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="padding-left: 0.0px; text-align: left" valign="top" colspan="16">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="16">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Mortgage Insurance Supplemental Information - Default Statistics</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="16">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit K</b>
          </p>
        </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="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          <b>March 31,</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          December 31,
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          September 30,
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          June 30,
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom" colspan="2">
          March 31,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2016
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="2">
          2016
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 0.0px; text-align: left" 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="padding-left: 5.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>858,248</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          849,227
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          840,534
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          826,511
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          817,236
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>16,981</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          19,101
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          19,100
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          19,025
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          19,510
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>1.98</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2.25
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2.27
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2.30
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2.39
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 5.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>25,425</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          26,536
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          28,080
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          29,445
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          30,990
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>3,812</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,193
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,820
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,138
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>14.99</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          15.80
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          16.19
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          16.37
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          16.58
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 5.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>26,043</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          27,115
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          28,313
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          29,450
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          30,681
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,000</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,811
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,885
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,982
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          6,221
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>19.20</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          21.43
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          20.79
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          20.31
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          20.28
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="padding-left: 0.0px; text-align: left" 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="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of insured loans</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>909,716</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          902,878
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          896,927
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          885,406
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          878,907
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Number of loans in default (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>25,793</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          29,105
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          29,530
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          29,827
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          30,869
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          <b>Percentage of loans in default</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>2.84</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3.22
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3.29
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3.37
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3.51
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Excludes the following number of loans subject to the Freddie
            Mac Agreement that are in default as we no longer have claims
            exposure on these loans:</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

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

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

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

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

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

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom">
          <b>2017</b>
        </td>
        <td>

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

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

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

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Number of loans in default</b>
          </p>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>1,395</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,639
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,888
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2,180
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2,339
        </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>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td>

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

        </td>
        <td>
          &#160;
        </td>
        <td colspan="15">

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="23">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Radian Group Inc. and Subsidiaries</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="23">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Mortgage Insurance Supplemental Information - QSR Transactions,
            Captives and Persistency</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top" colspan="23">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Exhibit L</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="15">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2017</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; padding-left: 0.0px; text-align: center; border-bottom-color: black; padding-right: 0.0px; white-space: nowrap; border-bottom-style: solid" valign="bottom" colspan="15">
          2016
        </td>
        <td colspan="2">

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

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>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>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>QSR ceded premiums written (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,457</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          6,730
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          7,356
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          7,962
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>2.3</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.4
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.6
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.9
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          3.4
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>QSR ceded premiums earned (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>7,834</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          9,421
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          10,597
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          11,172
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          11,325
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>3.3</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          3.8
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.1
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.5
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.7
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>1,559</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,728
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,922
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2,270
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Ceding commissions earned (2)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>3,894</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,374
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,974
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,446
        </td>
        <td>

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

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>RIF included in QSR Transactions (3)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>1,488,972</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,578,300
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,718,031
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,872,017
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          2,018,468
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>QSR ceded premiums written (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>8,960</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          11,121
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          13,004
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          11,488
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          197,593
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>(4</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>% of premiums written</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>3.7</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.4
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          5.0
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          4.6
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          84.7
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>QSR ceded premiums earned (1)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,859</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          8,060
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          8,608
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          7,146
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,994
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>2.5</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          3.2
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          3.3
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.9
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          2.5
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>3,712</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,895
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,482
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,844
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          50,932
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Ceding commissions earned (2)</b>
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,130
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          4,382
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,759
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,032
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,888</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          8,458
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          8,922
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          7,891
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          6,134
        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>RIF included in Single Premium QSR Transaction (3)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>3,904,402</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,761,648
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,621,993
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,461,464
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          3,308,057
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Total RIF included in QSR Transactions and Single Premium QSR
          Transaction</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>5,393,374</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,339,948
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,340,024
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,333,481
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          5,326,525
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 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>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Premiums earned ceded to captives</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>389</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,346
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          1,869
        </td>
        <td>

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

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

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>0.2</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.2
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.2
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.5
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          0.8
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Persistency Rate (twelve months ended)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>77.1</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          76.7
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          78.4
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          79.9
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          79.4
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Persistency Rate (quarterly, annualized) (5)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          <b>84.4</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          <b>%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          76.8
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          75.3
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          78.0
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom" colspan="2">
          82.3
        </td>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="bottom">
          %
        </td>
        <td colspan="2">

        </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>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="width: 100%; font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(1)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Net of profit commission.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(2)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Includes amounts reported in policy acquisition costs and other
            operating expenses.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(3)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

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

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Includes ceded premiums for policies written in prior periods.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(5)</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 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="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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>
      FORWARD-LOOKING STATEMENTS
    </p>
    <p>
      All statements in this press release that address events, developments
      or results that we expect or anticipate may occur in the future are
      &#8220;forward-looking statements&#8221; 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
      &#8220;anticipate,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;expect,&#8221;
      &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;goal,&#8221; &#8220;contemplate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221;
      &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;seek,&#8221; &#8220;strategy,&#8221;
      &#8220;future,&#8221; &#8220;likely&#8221; 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&#8217;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 where 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. These risks and uncertainties include,
      without limitation:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        changes in general economic and political conditions, including
        unemployment rates, interest rates and changes in housing and mortgage
        credit markets, that 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 Private
        Mortgage Insurance Eligibility Requirements (&#8220;PMIERs&#8221;) and other
        applicable requirements imposed by the Federal Housing Finance Agency
        and by the Government-Sponsored Enterprises (&#8220;GSEs&#8221;) 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 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>
    </ul>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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 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 our mortgage insurance
        business;
      </li>
      <li style="margin-bottom: 10.0px">
        changes in the current housing finance system in the U.S., including
        the role of the Federal Housing Administration (&#8220;FHA&#8221;), 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 mortgage
        insurance policies;
      </li>
      <li style="margin-bottom: 10.0px">
        competition in our mortgage insurance business, including price
        competition and competition from the FHA, U.S. Department of Veteran
        Affairs 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 (&#8220;Dodd-Frank Act&#8221;) 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 (including to the Dodd-Frank Act), or the way they are
        interpreted or applied;
      </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 accounting principles generally accepted in the U.S.
        (&#8220;GAAP&#8221;) or statutory accounting principles and practices (&#8220;SAPP&#8221;)
        rules and guidance, or their interpretation;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to attract and retain key employees;
      </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>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; margin-bottom: 10pt; 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>
      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 Annual Report on Form 10-K for the
      year ended December 31, 2016, and subsequent reports filed from time to
      time with the U.S. Securities and Exchange Commission. We caution you
      not to place undue reliance on these forward-looking statements, which
      are current only as of the date on which we issued this press release.
      We do not intend to, and we disclaim any duty or obligation to, update
      or revise any forward-looking statements to reflect new information or
      future events or for any other reason.
    </p>
    <p>
      CONTACT:<br>Radian Group Inc.<br>Emily Riley,<b> </b>215-231-1035<br><u>emily.riley@radian.biz</u>
    </p>
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