Radian Group Inc. ($RDN), the second-largest U.S. mortgage insurer, climbed in New York trading as profit advanced and the company said sales are climbing. Third-quarter net income increased 64 percent to $183.6 million, or $1.37 per share, from $112.2 million, or 84 cents, the Philadelphia-based company said today in a statement.
Policy sales climbed 2 percent to $178.3 million as smaller rival PMI Group Inc. was prohibited from selling new coverage. Mortgage insurance claims fell 33 percent from a year earlier to $329.9 million.
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