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on delivered a of and a diluted revenue per $XXX.X net record quarter $X.XX we million return GAAP $XX.X equity. million, share, XX.X% was first Total the in and income or
quarter strong confident exceptionally an as ahead. we had and we are look Overall,
have talented every We and a team dedicated day. us forward driving
an support, attractive us new on for with us their providing downpayment lenders borrowers business and rely Our sustained continue and to critical opportunity.
ahead. solutions. and exceptionally quality And of a transfer comprehensive risk covered an by set performance short portfolio, have high our stands We credit
to mortgages positioned strong from manageable low embedded to well credit fixed having are in in insured and our is our book. efficiency, debt above embedded drive continue profiles, balance in position rate benefiting homes, sheet weather record to borrowers a equity discipline XX-year and manage with of growth locked we continued remains helped existing platform. significant power our And capital stress, with and significant the trend building most service their with robust Our value expenses Persistency historical well has by supported and that and earnings obligations.
the many market. few in prospective a past housing Mortgage do, despite strain activity. continue macro on affordability continue and weigh environment rates for borrowers over the origination to however, We see modest risk pullback months and to
recent have volatility. trended potential macro-economic Against has even most their across sector this doing banking the peaks proactive, House turbulence down environment reinsurance further macro continued prices selection remain to from we for a backdrop, standpoint, and risk future And from in the local as pricing, markets. more the highlights evolve.
manage In mix and cohort risk our increased geography. the business new quarter, pricing first we and changes policy of further additional made to by again
on We also our by new XXXX, the in extend success the second fourth covered XXXX. a protection the approximately solution. that quarter as well as is incremental risk transfer those success, program. reinsurance reinsurance during insured comprehensive its markets credit provides a of a into And and entering for portfolio forward continued innovate risk period XX% now The of basis further risk deal in originated our first policies serves with and of quarters to originated flow transfer agreement the find excess-of-loss in to
macro view quarter across remain we standards see we our to of growth continued and financial standout strong Overall, operating More delivering the rigorous, continues the we remain MI by discipline performance, private potential a higher in and pricing portfolio Underwriting results. market. terrific that risks. encouraged broadly, insured at ladder in
continue returns deliver positioned through shareholders. and well invest Looking borrowers, ahead, and and employees their our our to cycle serve value our we're to their for growth, and the success, customers in
I'll that, to it turn With over Ravi.
