Radian Group Inc. (RDN) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.151 -- 00:00:05.312 Good day and thank you for standing by. Welcome to the second quarter 2026 00:00:05.312 -- 00:00:10.474 Radian Group Earnings Conference call. At this time, all participants are in a listen-only 00:00:10.474 -- 00:00:14.915 mode. After the speaker's presentation, there will be a question and answer session. 00:00:14.915 -- 00:00:20.296 To ask a question during the session, you will need to press star 11 on your telephone. 00:00:20.296 -- 00:00:24.497 You will then hear an automated message advising your hand is raised. 00:00:24.497 -- 00:00:28.185 To withdraw your question, please press star 11 again. 00:00:28.185 -- 00:00:31.627 Please be advised that today's conference is being recorded. 00:00:31.627 -- 00:00:36.249 I would now like to hand the conference over to your first speaker today, Bob Lally, 00:00:36.249 -- 00:00:40.150 VP of Finance. Please go ahead. 00:00:41.131 -- 00:00:45.573 Thank you, and welcome to Radian's second quarter 2026 conference call. 00:00:45.573 -- 00:00:50.215 Our press release, which contains Radian's financial results for the quarter, was issued 00:00:50.215 -- 00:00:55.657 yesterday evening and is posted to the investor section of our website at radian.com. 00:00:55.657 -- 00:01:00.059 This press release includes certain non-GAAP measures that may be discussed during today's 00:01:00.059 -- 00:01:05.482 call, including adjusted pre-tax operating income, adjusted diluted 00:01:05.482 -- 00:01:11.224 net operating income per share, and adjusted net operating return on equity. 00:01:11.224 -- 00:01:15.787 A complete description of all our non-GAAP measures may be found in press release Exhibit 00:01:15.787 -- 00:01:20.909 F, and reconciliations to these measures to the most comparable GAAP measures may ...