4/30/19 Net Income Of $174 Million And Adjusted Operating Income Of $121 Million RICHMOND, Va., April 30, 2019 /PRNewswire/ — Merger Agreement With China Oceanwide Holdings Group Co., LTD (Oceanwide) Extended To June 30, 2019; Parties Diligently Pursuing Canadian Approval U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $124 Million, With $9.6 Billion In New Insurance Written (NIW) And Strong Loss Ratio Performance U.S. MI’s PMIERs1 Sufficiency Ratio At 123 Percent, More Than $600 Million Above The Revised Standards Effective March 31, 2019 Strong Capital Levels With Substantial Capital Above Management Targets In Canada And Australia MI Approximately $150 Million
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In-Force Rate Action Announcement As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. We know that facing a new premium increase can be difficult for policyholders, so we continue to look for ways to help customers make decisions that are right for them and improve the process of implementing those decisions. In 2016, we launched a website for you and your customers to help explain why premium increases are needed, options policyholders generally have and
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> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Washington DC has now allowed the following increases: Washington DC Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% 10%   Policyholders who selected Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included with this increase. Communications Timeline Servicing agents will receive a list of
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> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Pennsylvania has now allowed the following increases: Pennsylvania Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% for policies issued before 9/16/02 10% for policies issued before 9/16/02 20% for policies issued on or after 9/16/02 20% for policies issued on or after 9/16/02   Policyholders who selected Stable
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> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Illinois has now allowed the following increases: Illinois Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 55% 72%   This rate increase applies to policies issued before 1/1/2003. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start
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> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Oklahoma has now allowed the following increases: Oklahoma Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 10% 10% Policyholders who selected the Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included in this increase. Communications Timeline Servicing agents will receive a list of their impacted
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> Choice 1 with Stable Premium Option As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Arkansas has now allowed the following increases: Arkansas Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods Choice 1 15% 15% Policyholders who selected the Stable Premium Option with the previous premium increase (announced 4/9/2018) are not included in this increase. Communications Timeline Servicing agents will receive a list of their impacted
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. New York has allowed the following increases to Partnership and non-Partnership policies: New York Product Series Increase for Policies with Limited Benefit Periods Increase for Policies with Lifetime Benefit Periods PCS I 52.1% phased 15%, 15%, 15% cumulative 52.1% phased 15%, 15%, 15% cumulative PCS II 52.1% phased 15%, 15%, 15% cumulative 52.1% phased 15%, 15%, 15% cumulative Choice 1 52.1% phased 15%, 15%, 15% cumulative
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