Radian increases Risk In Force by $2.92 billion in 2012
Mortgage insurers can improve earnings by issuing enough new Insurance(NIW) to boost risk in force(RIF). So far, the only MI company doing so is Radian. Over .2012 Radian was able to increase RIF by nearly $3 billion.
RIF additions increase the amount "premiums written. Then "net premiums earned" will be increased as well, which is revenues. 2012 was the first year since 2008, that Radian was able to increase revenues from the mortgage guaranty unit. Previous increase in revenues was attributed to "gains from derivative instruments".
Some story writers like "Motley Cruel" fail to distinguish the two types of revenues. When you do not distinguish the revenue sources, your results will be flawed.