US mortgage insurer PMI Group...
... saw its net loss for 2008 rise to $928.5m from the year-earlier $915.3m, reflecting in part a 51% jump in claim losses and expenses to $2.18bn and a 3.6% drop in earned premiums to $786.2m. The California-based group did post a $123.6m gain in the fair value of certain debt instruments, but that gain was more than offset by $90.9m in impairments from unconsolidated subsidiaries and $48.3m in realized investment losses.