Company Announcements

WAYNE, Pa.--(BUSINESS WIRE)--May 22, 2024-- Radian Group Inc. (NYSE: RDN) announced today that its stockholders re-elected all eleven of the company’s directors, who serve one-year terms and are elected annually. As previously disclosed, Gaetano (Guy) J. Muzio, a director of the company since 2012, retired at the end of his current term following today’s 2024 Annual Meeting. Muzio’s retirement comes after a successful tenure where he played a key role in solidifying Radian’s position as a leader in the mortgage and real estate industries.

“Guy’s extensive background in finance and mortgage credit, and his thorough and judicious analysis, have been tremendously valuable for the Board and his work will have a lasting impact on Radian’s future success. All of us are deeply thankful to Guy for his contributions and wish him all the best in the future,” said Howard B. Culang, Non-Executive Chairman of the Board.

In addition to the election of directors, the company’s stockholders approved all other proposals recommended by the Board of Directors and presented for vote at Radian’s 2024 Annual Meeting, including the proposals to approve the compensation of Radian’s named executive officers (“say-on-pay”) and to ratify the appointment of PricewaterhouseCoopers LLP as the company’s independent auditors for 2024.

Chief Executive Officer Rick Thornberry addressed the attendees of Radian’s Annual Meeting by stating, “For more than 45 years, Radian has successfully managed mortgage credit risk through economic cycles and interest rate fluctuations. I am proud of the role we play in the housing market in helping more mortgage-ready borrowers, including historically underserved households, obtain access to affordable mortgage credit. Our team is driven to achieving our mission of expanding access to affordable, responsible, and sustainable homeownership, as well as reducing the friction of homebuying through technology, and I remain excited about our future.”

About Radian

Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, real estate, securitization, and title services. Powered by technology, informed by data, and driven to deliver new and better ways to transact and manage risk, Radian is shaping the future of mortgage and real estate services. Learn more at radian.com.

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For Investors:
Dan Kobell - Phone: 215.231.1113
email: daniel.kobell@radian.com

For the Media:
Rashi Iyer - Phone 215.231.1167
email: rashi.iyer@radian.com

Source: Radian Group Inc.