EXHIBIT 11

Radian Group Inc.

Schedule of Net Income per Share

	Three Months Ended March 31
(In thousands, except per-share amounts and market prices)	2008		2007
Net income	$	195,638	$	113,467
Average diluted stock options outstanding		—		3,208.7
Average exercise price per share	$	—	$	45.37
Average market price per share—diluted basis	$	—	$	57.88
Average common shares outstanding		79,930		79,428
Increase in shares due to common stock equivalents—diluted basis (1)		110		652
Adjusted shares outstanding—diluted		80,040		80,080
Net income per share—basic	$	2.45	$	1.43
Net income per share—diluted	$	2.44	$	1.42

(1) At March 31, 2008, 4,298,251 shares of common stock issued under our stock-based compensation plans were not included in the calculation of the diluted earnings per share because they were anti-dilutive.