Group, the nation's third-largest mortgage insurer, reported a 2.7% increase in net income, to $42.3 million. Earnings per share rose 12.7%, to $1.24.

Two other mortgage insurers also reported earnings late last week. CMAC Investment Corp., Philadelphia, earned $18.6 million, or 21.6% more than a year earlier. Earnings per share were up 20.6%, to 76 cents.

Winston-Salem, N.C.-based Triad Guaranty Inc., the nation's smallest mortgage insurer, reported net income of $4 million, a 52.1% gain. Earnings per share increased 48.7%, to 58 cents.

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