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## SELECTED FINANCIAL AND STATISTICAL DATA (1) 

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(1) Effective June 9, 1999, Radian Group Inc. was formed by the merger of CMAC Investment Corporation and Amerin Corporation pursuant to an Agreement and Plan of Merger dated November 22, 1998. The transaction was accounted for on a pooling of interests basis and, therefore, all financial statements presented reflect the combined entity. On February 28, 2001, the Company acquired Enhance Financial Services Group Inc. The results for 2001 include the results of operations for Enhance Financial Services Group Inc. from the date of acquisition. See note 1 of Notes to Consolidated Financial Statements set forth on page 20 herein. 

(2) Diluted net income per share and average share information per Statement of Financial Accounting Standards No. 128, “Earnings Per Share.” See note 1 of Notes to Consolidated Financial Statements set forth on page 20 herein. 

(3) All share and per-share data for prior periods have been restated to reflect a 2-for-1 stock split in 2001. 

(4) Expense ratio in 1999 calculated net of merger expenses of $21.8 million recognized by statutory companies. 

