The company paid $337.3m in total claims in Q210 — $332.8m in first-lien and $4.5m in second-lien claims. Radian said its expects claims to total $1.5bn in 2010. The provision for credit losses was $427.6m in Q210, including a $59.7m increase to its mortgage insurance reserves of $3.7bn. The increase in reserves, when combined with the decline in delinquent loans, further strengthens Radian's reserve per delinquency for both primary and pool loans. The company said the number of primary and pool delinquent loans decreased by 4.1% and 4.3%, respectively, from the first quarter of 2010, which was the second consecutive quarterly decline in delinquent loans. In addition, Radian said new delinquencies continued to decline slightly in July. "Our second quarter results include significant fair value impact from the tightening of Radian's credit spread and continued uncertainty regarding the aged delinquencies in our mortgage insurance book," said CEO S.A. Ibrahim.