Mortgage Insurance

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PMI Sees Net Income Drop Nearly 7 Percent in Fourth Quarter; U.S. Operations Healthy 

Feb 05, 2007By

The PMI Group Inc., a global provider of private mortgage insurance and the largest provider of mortgage insurance in the United States, reported net income for the fourth quarter of $100.5 million, a 6.8 percent drop from the $107.7 million reported for the fourth quarer of 2005. In spite of the fourth quarter loss, PMI’s annual net income for 2006 increased to a record $419.7 million, up from a reported $409.3 million in 2005.

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