PMI Group Inc., the fourth-largest U.S. mortgage insurer, reported an eighth-straight quarterly loss, citing rising mortgage defaults and a decline in policy sales.

The net loss narrowed to $222.6 million, or $2.71 a share, from $246.3 million, or $3.03, the year earlier, the Walnut Creek, Calif., company said on Friday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.