Radian Group Inc. (RDN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. Welcome to the second quarter of 2025 Radiant Group Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Dan Cobell, Head of Investor Relations and Capital Management. Please go ahead. Thank you, and welcome to Radiant's second quarter 2025 conference call. Our press release, which contains Radiant's financial results for the quarter, was issued yesterday evening and is posted to the investor section of our website at Radiant.com. This press release includes certain non-GAAP measures that may be discussed during today's call, including adjusted pre-tax operating income, adjusted diluted net operating income per share, and adjusted net operating return on equity. A complete description of all of our non-GAAP measures may be found in press release Exhibit F, and reconciliations of these measures to the most comparable GAAP measures may be found in press release Exhibit G. These exhibits are on the investor section of our website. Today, you will hear from Rick Thornberry, Radiant's Chief Executive Officer, and Sumit Upandit, President and Chief Financial Officer. Before we begin, I would like to remind you that comments made during the call will include forward-looking statements. These statements are based on current expectations, estimates, projections, and assumptions that are subject to risks and uncerta...