Radian Group Investor Presentation — September 2020

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www.radian.com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 1934 and 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 continually evolving 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, which has significantly impacted the global economy, disrupted global

supply chains, lowered certain equity market valuations, created periods of significant volatility

and disruption in financial markets, required adjustments in the housing finance system and

real estate markets and increased unemployment levels. In addition, the pandemic has resulted

in travel restrictions, stay-at-home, quarantine and similar orders, which have resulted in the

closures of many businesses and, for those permitted to open, numerous operating limitations