PMI Group Profits Flat
NU Online News Service, April 23, 3:08 p.m. EDT?Mortgage insurance writer PMI Group posted first-quarter net income of $89.6 million, or $1 per share, down slightly from the $91.5 million, or $1.00 per share, it reported for the period last year.
PMI Group wrote $235.3 million in net premiums for the quarter, up 5 percent from a year ago, thanks to improved results from international and title operations that offset a drop in its U.S. mortgage insurance, the company said.
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