|Source:||McClatchy-Tribune Information Services|
“Clearly our overall results for the year were not where they needed to be, and we had mixed performance at the business line level,” said
Results in the company’s mortgage insurance business were poor in 2010, as the industry continues to work through a high rate of home foreclosures. Yet
He said the company is focusing on managing a recovery and return to profitability in its U.S. mortgage insurance business, while also working to preserve strong performance in its international markets. It also is focusing on optimizing performance of its investment portfolio, which saw a recovery in 2010.
Shareholders re-elected all 10 members of the company’s board of directors.
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