PMI Mortgage Insurance Co. (PMI) said that it is restructuring certain modified pool policies, which resulted in positive statutory capital benefits to PMI.
In connection with the restructuring, PMI paid the counterparty aggregate accelerated discounted claim payments of about $264 million, subject to certain adjustments.
The positive impact that the restructurings had on PMI's loss reserves for the fourth quarter of 2009 resulted in an estimated aggregate statutory benefit to PMI of about $51 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.