<SEC-DOCUMENT>0001157523-18-001452.txt : 20180718
<SEC-HEADER>0001157523-18-001452.hdr.sgml : 20180718
<ACCEPTANCE-DATETIME>20180718164515
ACCESSION NUMBER:		0001157523-18-001452
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180718
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180718
DATE AS OF CHANGE:		20180718

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:		18958799

	BUSINESS ADDRESS:	
		STREET 1:		1500 MARKET STREET
		STREET 2:		19TH FLOOR, WEST TOWER
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1500 MARKET ST
		STREET 2:		19TH FLOOR, WEST TOWER
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51839324.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 16pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 16pt"></font><font style="font-size: 16pt; 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><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><font style="font-size: 12pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-size: 12pt; font-family: Times New Roman"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-size: 10pt; font-family: Times New Roman"><b>Date
      of report (Date of earliest event reported) </b></font><b><u><font style="font-size: 10pt; font-family: Times New Roman">July
      18, 2018</font></u></b><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


    <p style="text-align: center">
      <font style="font-size: 16pt"><b>Radian Group Inc.</b></font><br><font style="font-size: 10pt; font-family: Times New Roman"><b>(Exact
      Name of Registrant as Specified in Its Charter)</b></font><br>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


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

    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%; white-space: nowrap; padding-right: 0.0px" 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="text-align: center; padding-left: 0.0px; width: 33%; white-space: nowrap; padding-right: 0.0px" 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="text-align: center; padding-left: 0.0px; width: 33%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or Other Jurisdiction<br>of Incorporation)</b>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 34%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission<br>File Number)</b>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 33%" 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="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 60%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1500 Market Street, Philadelphia, Pennsylvania</b>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 40%; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt; font-family: Times New Roman"><b>19102</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 60%" 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="text-align: center; padding-left: 0.0px; width: 40%" 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">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Registrant&#8217;s
      Telephone Number, Including Area Code: </b></font><b>(215) 231-1000<font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font><br></b>
    </p>
    <hr style="text-align: center; height: 1.0 pt; width: 100%; color: #000000">


    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>&#160;(<i>see </i>General Instruction
      A.2. below)<font style="font-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <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: 9pt; 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: 9pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="border-bottom-style: double; border-bottom-color: black; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%">
      <div>
        <div style="text-align: left">

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

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

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

        </div>
      </div>
    </div>
    <p>
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b><br><br><br>On
      July 18, 2018, Radian Group Inc. (&#8220;Radian&#8221; or the &#8220;Company&#8221;) issued a
      news release announcing it has finalized a settlement with the Internal
      Revenue Service (IRS) related to the IRS&#8217;s examination of Radian&#8217;s 2000
      through 2007 consolidated federal income tax returns. The settlement
      remains subject to U.S. Tax Court approval. The Company announced, among
      other things:
    </p>
    <ul style="margin-left: 30.0px; font-size: 10pt">
      <li style="margin-bottom: 10.0px">
        It expects to realize tax benefits of approximately $74 million, which
        includes both the impact of the settlement with the IRS as well as the
        reversal of certain previously accrued state and local tax liabilities;
      </li>
      <li style="margin-bottom: 10.0px">
        The company estimates that the settlement and related tax benefits
        will result in an increase to the Company&#8217;s net income per share of
        $0.34 and book value per share of $0.35, in the second quarter of
        2018; and
      </li>
      <li style="margin-bottom: 10.0px">
        The IRS will retain approximately $31 million of the $89 million
        deposit Radian previously provided to the U.S. Treasury, and the
        balance will be returned to the Company. Therefore, the impact of the
        settlement is expected to decrease total available company liquidity
        by approximately $31 million.
      </li>
    </ul>
    <p style="white-space: nowrap">
      A copy of this news release is furnished as Exhibit 99.1 to this Current
      Report on Form 8-K.&#160;&#160;&#160;&#160;
    </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.<br><br><br><br>
    </p>
    <p style="text-align: center">
      <u><b>Forward-looking Statements</b></u>
    </p>
    <p style="text-align: justify">
      All statements in this Current Report on Form 8-K 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.&#160;&#160;These risks and uncertainties include,
      without limitation:
    </p>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%">
      <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 style="margin-left: 30.0px; font-size: 10pt">
      <li style="margin-bottom: 10.0px">
        the possibility that our estimated liability may not be accurate due
        to, among other things, the IRS assessing interest at an amount that
        is different than our current estimated liability and potential
        additional true-ups of the settlement amounts;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to obtain approval from the U.S. Tax court for the
        settlement terms reached between Radian and the IRS and, if such
        approval is not obtained, the possibility that we would need to make
        further adjustments, which could be material, to our tax provision and
        liabilities; and
      </li>
      <li style="margin-bottom: 10.0px">
        the impact of potential audits or examinations of future tax periods.
      </li>
    </ul>
    <p>
      For more information regarding these risks and uncertainties as well as
      certain additional risks that we face, you should refer to the Risk
      Factors detailed in Item 1A of our Annual Report on Form 10-K for the
      year ended December 31, 2017, 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.<br><br><br>
    </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>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (d)
          </p>
        </td>
        <td style="text-align: right; padding-left: 0.0px; width: 8%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibits.
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="width: 84%">

        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="width: 8%">

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

        </td>
        <td style="width: 84%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="text-align: right; padding-left: 0.0px; width: 8%" valign="top">
          99.1*
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 84%" valign="top">
          Radian Group Inc. News Release dated July 18, 2018.
        </td>
      </tr>
    </table>
    </div>
    <p>
      _____________________
    </p>
    <p style="white-space: nowrap">
      *&#160;&#160;Furnished herewith.
    </p>
    <p>

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

        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="width: 85%">

        </td>
      </tr>
      <tr>
        <td style="border-bottom-style: solid; text-align: center; border-bottom-color: black; padding-left: 0.0px; width: 10%; border-bottom-width: 1.0pt" valign="bottom">
          <b>Exhibit</b><br><b>No.</b>
        </td>
        <td style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 5%" valign="bottom">

        </td>
        <td style="border-bottom-style: solid; text-align: left; border-bottom-color: black; padding-left: 0.0px; width: 85%; border-bottom-width: 1.0pt" valign="bottom">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

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

        </td>
        <td style="width: 85%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51839324ex99_1.htm">99.1*</a>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="bottom">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51839324ex99_1.htm">Radian Group Inc. News Release dated
            July 18, 2018.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">
      *&#160;&#160; Furnished herewith.
    </p>
    <p>

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

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

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

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

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

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


    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      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.<br><br><br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%" valign="bottom">
          (Registrant)
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="middle">

        </td>
        <td style="width: 45%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date: July 18, 2018
          </p>
        </td>
        <td style="width: 45%">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 45%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By: _/s/ J. Franklin Hall________________
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 20.0px; width: 45%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            J. Franklin Hall
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 55%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 20.0px; width: 45%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Executive Vice President and<br>Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: left">

    </p>
  </body>
</html>
<!--<!DOCTYPE html
     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"
     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
<!--<!DOCTYPE html     PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN"     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51839324ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2018 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <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
      Finalizes Settlement with IRS on 2000 to 2007 Examination and Announces
      Webcast of Second Quarter Conference Call on July 26, 2018</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>--
      Company expects settlement and related tax benefits to increase June 30,
      2018 book value per share by $0.35 --</b></font>
    </p>
    <p>
      PHILADELPHIA--(BUSINESS WIRE)--July 18, 2018--Radian Group Inc.
      announced today that it has finalized a settlement with the Internal
      Revenue Service (IRS) related to the IRS&#8217;s examination of Radian&#8217;s 2000
      through 2007 consolidated federal income tax returns. Under the terms of
      the settlement, which remain subject to U.S. Tax Court approval, Radian
      is expected to submit $31 million of its $89 million qualified deposit
      to the U.S. Treasury.
    </p>
    <p>
      Radian expects to realize tax benefits of approximately $74 million,
      which includes both the impact of the settlement with the IRS as well as
      the reversal of certain previously accrued state and local tax
      liabilities.
    </p>
    <p>
      The company estimates that the settlement and related tax benefits will
      result in an increase to Radian&#8217;s net income per share of $0.34 and book
      value per share of $0.35, in the second quarter of 2018. In addition,
      the impact of the settlement is expected to decrease total available
      holding company liquidity by approximately $31 million. This settlement
      will not impact adjusted diluted net operating income per share.
    </p>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%">
      <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>
      BACKGROUND ON IRS MATTER
    </p>
    <p>
      As previously disclosed, Radian contested adjustments resulting from the
      examination by the IRS of the company&#8217;s 2000 through 2007 consolidated
      federal income tax returns. The IRS had opposed the recognition of
      certain tax losses and deductions that were generated through Radian&#8217;s
      investment in a portfolio of noneconomic REMIC (Real Estate Mortgage
      Investment Conduit) residual interests and had proposed denying the
      associated tax benefits of those items. Radian appealed the proposed
      adjustments to the Internal Revenue Service Office of Appeals and made
      qualified deposits with the U.S. Treasury of approximately $89 million,
      in order to avoid the accrual of incremental above-market-rate interest
      with respect to the proposed adjustments. The company received Notices
      of Deficiency in September 2014 that asserted unpaid taxes and penalties
      of $157 million for the 2000 through 2007 tax years and also reflected
      additional amounts due of $105 million, which were primarily associated
      with the disallowance of the previously filed carryback of our 2008 net
      operating loss (NOL). The settlement will resolve all issues and
      conclude all disputes relating to this IRS matter.
    </p>
    <p>
      SECOND QUARTER 2018 CONFERENCE CALL
    </p>
    <p>
      Radian will hold a conference call on Thursday, July 26, 2018, at 10:00
      a.m. Eastern time to discuss the company&#8217;s second quarter 2018 results,
      which will be announced prior to the market open on the same day.
    </p>
    <p>
      The conference call will be broadcast live over the Internet at <u>http://www.radian.biz/page?name=Webcasts</u>
      or at <u>www.radian.biz</u>. The call may also be accessed by dialing
      800.288.8976 inside the U.S., or 612.332.0228 for international callers,
      using passcode 451857 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 451857.
    </p>
    <p>
      In addition to the information provided in the company's earnings news
      release, other statistical and financial information, which is expected
      to be referred to during the conference call, will be available on
      Radian's website under Investors &gt;Quarterly Results, or by clicking on <u>http://www.radian.biz/page?name=QuarterlyResults</u>.
    </p>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%">
      <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>
      ABOUT RADIAN
    </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">
        Mortgage Insurance, 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>
      <li style="margin-bottom: 10.0px">
        Mortgage and Real Estate Services, through its principal services
        subsidiary Clayton, as well as Entitle Direct, 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>
      FORWARD-LOOKING STATEMENTS
    </p>
    <p>
      All statements in this Current Report on Form 8-K 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>
    <div style="margin-bottom: 10pt; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; width: 100%">
      <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">
        the possibility that our estimated liability may not be accurate due
        to, among other things, the IRS assessing interest at an amount that
        is different than our current estimated liability and potential
        additional true-ups of the settlement amounts;
      </li>
      <li style="margin-bottom: 10.0px">
        our ability to obtain approval from the U.S. Tax court for the
        settlement terms reached between Radian and the IRS and, if such
        approval is not obtained, the possibility that we would need to make
        further adjustments, which could be material, to our tax provision and
        liabilities; and
      </li>
      <li style="margin-bottom: 10.0px">
        the impact of potential audits or examinations of future tax periods.
      </li>
    </ul>
    <p>
      For more information regarding these risks and uncertainties as well as
      certain additional risks that we face, you should refer to the Risk
      Factors detailed in Item 1A of our Annual Report on Form 10-K for the
      year ended December 31, 2017, 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>

    </p>
    <p>
      CONTACT:<br>Radian Group Inc.<br>Emily Riley, 215-231-1035<br><u>emily.riley@radian.biz</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
