Radian Asset Assurance Inc. reported a net loss of $180.3 million for the fourth quarter of 2008, down from a net loss of $362.5 million in the fourth quarter of 2007, according to documents it published yesterday.

The bond insurer recorded a net income of $340.5 million for 2008 compared to a net loss of $443.9 million. Parent Radian Group Inc. earlier this year reported a fourth-quarter net loss of $250 million and a net loss $410.6 million for all of 2008.

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