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## Radian Group Inc. Notes to Consolidated Financial Statements - (Continued) 

The following table shows the rollforward of the net present value of premiums receivable as of December 31, 2012 and 2011: 

<img src='content_image/270466.jpg'>

Premiums earned were af fected by the following for the years ended December 31, 2012 and 2011: 

<img src='content_image/270465.jpg'>

The following table shows the expected contractual premium revenue from our existing financial guaranty portfolio, assuming no refundings of any financial guaranty obligations, as of December 31, 2012. 

<img src='content_image/270464.jpg'>

