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Single family homes on the market. Updated weekly.Powered by Altos Research
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PMI Group

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PMI Posts Net Loss of $1.0 Billion in Q4 

Mar 17, 2008By

The PMI Group, Inc., who had delayed its full-year and fourth quarter earnings while waiting for financials from subsidiary FGIC Corp., said Monday that it lost $1.0 billion in the fourth quarter of last year. Driving the quarterly loss at PMI was a $776.1 million drag on earnings in the form of FGIC, which itself posted a $1.89 billion Q4 net loss earlier on Monday.

3d rendering of a row of luxury townhouses along a street

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