Compared to one year earlier, quarterly business more than doubled, the book of business ballooned and defaults declined at Arch Mortgage Insurance Co.
Prior to income taxes, income was $317 million during the period that commenced on July 1 and concluded on Sept. 30, climbing from $263 million the prior period.
That is according to the third-quarter 2016 earnings report released Wednesday by the mortgage insurer’s parent, Hamilton, Bermuda-based Arch Capital Group Ltd.
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From:: Financing