EXHIBIT 11

Radian Group Inc.

Schedule of Net (Loss) Income per Share

(In thousands, except per-share amounts and market prices)	Three Months Ended June 30					Six Months Ended June 30
	2010			2009		2010			2009
Net (loss) income	$	(475,080	)	$	231,875	$	(785,435	)	$	14,438
Average diluted stock options outstanding		—			—		—			—
Average exercise price per share	$	—		$	—	$	—		$	—
Average market price per share—diluted basis	$	—		$	—	$	—		$	—
Average common shares outstanding		110,282			81,396		96,420			81,400
Increase in share due to potential exercise of common stock equivalents—diluted basis (1)		—			844		—			836
Adjusted shares outstanding—diluted		110,282			82,240		96,420			82,236
Net (loss) income per share—basic	$	(4.31	)	$	2.85	$	(8.15	)	$	0.18
Net (loss) income per share—diluted	$	(4.31	)	$	2.82	$	(8.15	)	$	0.18

(1) As a result of our net loss for the three and six months ended June 30, 2010, 4,427,985 shares of our common stock equivalents issued under our stock-based compensations plans were not included in the calculation of diluted net loss per share because they were anti-dilutive. For the three and six months ended June 30, 2009, 3,780,500 shares of our common stock equivalents were not included in the calculation of diluted net income per share because they were anti-dilutive.