The book of business expanded at Genworth Mortgage Insurance Corp. In addition, new insurance written was up from three months earlier.
Parent Genworth Financial Inc. said in its third-quarter 2017 earnings report that it earned $286 million from continuing operations before income taxes.
Earnings swung from a $125 million loss during the same three months last year. But income deteriorated from $401 million in the prior three-month period.
The U.S. mortgage insurance unit wrote $11.300 billion in new insurance. Business was better than $9.800 billion in the second quarter but shy of the $12.800 billion written in the third-quarter 2016.
For all nine months of 2017 that have concluded, $28.700 billion in new insurance was written.
Primary insurance in force expanded to $148.000 billion from $143.000 billion and was just $133.700 billion as of the same date last year.
There were 730,174 primary loans in force as of the most-recent date.
Delinquency
improved to 2.81 percent from 2.89 percent three months earlier and 3.76 percent one year earlier.
Refinance share widened to 9 percent from 8 percent in the second quarter.
