Although quarterly business slowed from an all-time high at Radian Group Inc., annual activity ascended to a record as delinquency fell.

The Philadelphia-based mortgage insurance company earned $98 million in pretax income during the three months ended Dec. 31, 2016.

Those details, in addition to other operational and financial results, were presented in Radian’s fourth-quarter 2016 earnings report.

Source: Mortgage Daily