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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (67350)8/3/2006 11:07:54 AM
From: shades  Read Replies (2) of 110194
 
PMI Grp Puts 2006 U.S. Mtge Incurred Loss At $250-$270M

DOW JONES NEWSWIRES

PMI Group Inc. (PMI) expects total incurred losses for its U.S. Mortgage Insurance operations in 2006 of $250-$270 million and an expense ratio for the same operations at the lower end of the 23-25% range.

The Walnut Creek, Calif.-based mortgage insurer said consolidated investment portfolio pretax yield is estimated at 5-5.50% and its consolidated tax rate is seen at 24-26%.

Full-year expenses related to stock options and stock based compensation are estimated at $9 million.

-Judy McKinnon; 416-306-2100; AskNewswires@dowjones.com


(END) Dow Jones Newswires

August 03, 2006 10:47 ET (14:47 GMT)
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