RDN Radian Group Inc

PHILADELPHIA, May 9 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE:RDN) today announced the launch of a video interview featuring CEO S.A. Ibrahim. To provide a more interactive approach to the traditional Annual Report, Radian made the video available to visitors of its corporate website at http://www.radian.biz/, or by linking directly at http://www.radian.biz/investors/annualreport.aspx. The video clips are easily viewed by clicking on the individual topic, which include Company Vision, Products at the Intersection of Mortgage Insurance & Financial Guaranty, Managing Credit Risk, Growth in 2006 and International Strategy. A transcript of the video as well as a link to the company's 2005 Annual Report can also be found on this page. The interview, which is conducted by Mona Zeehandelaar, Radian's senior vice president, Investor Relations and Corporate Communications, focuses on Mr. Ibrahim's remarks from Radian's 2005 Annual Report and letter to stockholders - his first since he was named CEO in May 2005. He states, "We have the right strategy. We are implementing it at the right pace. And we are seeing the desired results." Mr. Ibrahim further emphasizes that Radian's business focus embodies the unique characteristics and capabilities that define the company and distinguish Radian from other companies. "The company's mortgage insurance and financial guaranty businesses, which are very strong in their own right, are integral components of our strategy going forward," he says, noting that Radian is one of the top participants in the mortgage insurance industry. "We like the business. We are good at it. Our customer segmentation strategy, which we initiated in 2005 to better allocate resources and increase accountability, will enhance our ability to capitalize on attractive opportunities." Mr. Ibrahim also says that he believes Radian's strategy to leverage its existing financial guaranty expertise with its mortgage insurance business will be a key growth driver going forward. "Radian operates two traditional businesses - mortgage insurance and financial guaranty - each of which has its own characteristics in terms of growth, challenges, market conditions and even competitors. At first glance, it would be easy to view MI and FG as very separate and parallel businesses." He told stockholders in his letter, however, that a more accurate representation would be to view these businesses as the "two axes on a graph." In bringing FG expertise to the MI business, Mr. Ibrahim said Radian is helping its clients at numerous points of intersection between the two axes. "That's a unique position not held by any other company," he said. "It's just us. It's what makes us unique, different and exciting, and more successful than our competition. We blend the capabilities, expertise and knowledge from these two businesses into an exciting and new third opportunity." Radian Group Inc. is a global credit risk management company headquartered in Philadelphia with significant operations in both New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in credit-based consumer asset businesses. Additional information may be found at http://www.radian.biz/. All statements made in this news release that address events or developments that we expect or anticipate may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. The forward-looking statements, as well as Radian's prospects as a whole, are subject to risks and uncertainties, including the following: changes in general financial and political conditions such as extended national or regional economic recessions (or expansions), changes in housing values, population trends and changes in household formation patterns, changes in unemployment rates, and changes or volatility in interest rates; changes in investor perception of the strength of private mortgage insurers or financial guaranty providers, and risks faced by the businesses, municipalities or pools of assets covered by Radian's insurance; the loss of a customer with whom Radian has a concentration of its insurance in force; increased severity or frequency of losses associated with certain Radian products that are riskier than traditional mortgage insurance and municipal guaranty insurance policies; material changes in persistency rates of Radian's mortgage insurance policies; downgrades of Radian's credit ratings or the insurance financial-strength ratings assigned by the major ratings agencies to Radian's operating subsidiaries; heightened competition from other insurance providers and from alternative products to private mortgage insurance and financial guaranty insurance; changes in the charters or business practices of Fannie Mae and Freddie Mac; the application of federal or state consumer- lending, insurance and other applicable laws and regulations, or unfavorable changes in these laws and regulations or the way they are interpreted, including: (i) the possibility of private lawsuits or investigations by state insurance departments and state attorneys general alleging that services offered by the mortgage insurance industry, such as captive reinsurance, pool insurance and contract underwriting, are violative of the Real Estate Settlement Procedures Act and/or similar state regulations (particularly in light of public reports that some state insurance departments are investigating captive reinsurance arrangements used in the mortgage insurance industry), or (ii) legislative and regulatory changes affecting demand for private mortgage insurance or financial guaranty insurance; 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 or financial guaranty businesses or to estimate accurately the fair value amounts of derivative financial guaranty contracts in determining gains and losses on these contracts; changes in accounting guidance from the SEC or the Financial Accounting Standards Board regarding income recognition and the treatment of loss reserves in the mortgage insurance or financial guaranty industries; changes in claims against mortgage insurance products resulting from the aging of Radian's mortgage insurance policies; vulnerability to the performance of Radian's strategic investments; changes in the availability of affordable or adequate reinsurance for our non-prime risk; and international expansion of our mortgage insurance and financial guaranty businesses into new markets and risks associated with our international business activities. For more information regarding these risks and uncertainties, as well as certain additional risks that we face, investors should refer to the risk factors detailed in Part I, Item 1A in our annual report on Form 10-K for the year ended December 31, 2005. We caution you not to place undue reliance on these forward-looking statements, which are current only as of the date of this news release. Radian does not intend to and disclaims any duty or obligation to update or revise any forward-looking statements made in this news release to reflect new information, future events or for any other reason. DATASOURCE: Radian Group Inc. CONTACT: For investors: Mona Zeehandelaar, Radian Group Inc., +1-215-231-1674, email: , or For the media: Radian Corporate Communications - +1-888-NEWS-520, email: Web site: http://www.radian.biz/ http://www.radian.biz/investors/annualreport.aspx

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