|Primary New Insurance Written (NIW) ($ in billions)||$3.75|
|Beginning Primary Delinquent Inventory|
|(# of loans)||97,012|
|Plus: New Delinquencies||6,042|
|(including those charged to a deductible or captive)||(2,150)|
|Less: Rescissions and Denials||(727)|
|Ending Primary Delinquent Inventory|
|(# of loans)||94,823|
In July and August, the company completed two initiatives that will positively impact Radian Guaranty’s statutory capital position in 2012.
- The company realized approximately $120 million in after-tax gains on securities in its investment portfolio.
- As previously announced, Radian Guaranty entered into a quota share reinsurance agreement in April with a third-party reinsurance provider under which it agreed to cede 20 percent of new insurance written beginning with the business written in the fourth quarter of 2011. In August, Radian and the reinsurer mutually agreed to increase the amount of mortgage insurance risk ceded under the agreement from $1.25 billion to approximately $1.6 billion.