Pay equity is central to Radian's values and a priority for our company. We regularly audit the pay equity of our employees through a quantitative compensation review to ensure that all are paid fairly, and further conduct a rigorous analytical audit process facilitated by external counsel to ensure gender pay equity as well as pay equity on the basis of race, ethnicity, and age. Our pay equity assessments review the compensation of employees in similar role, account for factors that appropriately explain differences in pay such as experience, level, and location.
Radian's commitment to assessing our pay practices regularly to ensure pay equity across gender and other protected classes aligns with our values, upholds our diversity, equity, and inclusion commitment, and is important to all our stakeholders.