RDN Radian Group Inc

In the news release, Radian Reports First Quarter Net Income of $114 Million issued earlier today by Radian Group Inc. (NYSE:RDN) over PR Newswire, we are advised by the company that in the table "Mortgage Insurance Supplemental Information, For the Quarter Ended and as of March 31, 2007, Exhibit J," Under the heading "Direct claims paid (In thousands)" the "Total" for 2007 should read "$95,824" rather than "$93,824" as originally issued inadvertently. The corrected table follows. Radian Group Inc. Mortgage Insurance Supplemental Information For the Quarter Ended and as of March 31, 2007 Exhibit J Quarter Ended March 31 2007 2006 Direct claims paid (In thousands) Prime $33,125 $30,109 Alt-A 19,998 18,790 A minus and below 29,080 23,391 Seconds and other 13,621 7,903 Total $95,824 $80,193 Average claim paid (In thousands) Prime $28.1 $26.9 Alt-A 39.7 40.4 A minus and below 29.6 29.1 Seconds 28.8 22.9 Total 30.6 29.4 Loss ratio -GAAP Basis 57.6% 35.1% Expense ratio - GAAP Basis 26.9% 28.4% 84.5% 63.5% Reserve for losses by category (In thousands): Prime $200,262 $181,001 Alt-A 146,329 135,336 A minus and below 228,066 195,246 Pool Insurance 34,599 36,199 Seconds 38,347 30,144 Other 900 9,188 Reserve for losses, net 648,503 587,114 Reinsurance recoverable 28,188(1) - Total $676,691 $587,114 (1) Reinsurance recoverable on a first-loss second lien captive. DATASOURCE: Radian Group Inc.

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