Non-GAAP Financial Measures

Radian believes that measures of income excluding certain items ("non-GAAP" measures) provide relevant and meaningful information to investors about the ongoing operating results of the company. These measures have been established in order to increase transparency for the purpose of evaluating the company's core operating trends and enable more meaningful comparisons with Radian's competitors. Such measurements are not recognized in accordance with accounting principles generally accepted in the United States of America ("GAAP") and should not be viewed as an alternative to GAAP measures of performance. You may find reconciliations of non-GAAP measures to GAAP measures below.

Non-GAAP to GAAP Reconciliation

Year Q1 Q2 Q3 Q4
2020 1Q 2Q 3Q

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2019 1Q 2Q 3Q 4Q
2018 1Q 2Q 3Q 4Q
2017 1Q 2Q 3Q 4Q
2016 1Q 2Q 3Q 4Q
2015 1Q 2Q 3Q 4Q
2014 1Q

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