Radian Group Investor Presentation — March 2020

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Financial Results Q1 2020

www.radian.bizSafe Harbor Statements

2All statements in this presentation that address events, developments or results that we

expect or anticipate may occur in the future are “forward-looking statements” within the

meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities

Exchange Act of 1934and the U.S. Private Securities Litigation Reform Act of 1995. In most

cases, forward-looking statements may be identified by words such as “anticipate,” “may,”

“will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “contemplate,”

“believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,”

“future,” “likely” or the negative or other variations on these words and other similar

expressions. These statements, which may include, without limitation, projections

regarding our future performance and financial condition, are made on the basis of

management’s current views and assumptions with respect to future events, including

management’s current views regarding the likely impacts of the COVID-19 pandemic. Any

forward-looking statement is not a guarantee of future performance and actual results

could differ materially from those contained in the forward-looking statement. These

statements speak only as of the date they were made, and we undertake no obligation to

update or revise any forward-looking statements, whether as a result of new information,

future events or otherwise. We operate in a changing environment where new risks emerge

from time to time and it is not possible for us to predict all risks that may affect us,

particularly those associated with the COVID 19 pandemic, which has had wide-ranging

and rapidly changing effects. The forward-looking statements, as well as our prospects as

a whole, are subject to risks and uncertainties that could cause actual results to differ

materially from those set forth in the forward-looking statements. These risks and

uncertainties include, without limitation:

•The COVID-19 pandemic has significantly impacted the global economy, disrupted global

supply chains, lowered equity market valuations, created significant volatility and disruption in

financial markets, disrupted the housing finance system and real estate markets and increased

unemployment levels. In addition, the pandemic has resulted in temporary closures of many

businesses and the institution of social distancing and sheltering in place requirements in most