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PMI Group

(PMI)

, a mortgage insurance company, reaffirmed its 2006 outlook and said it expects total incurred losses for its U.S. mortgage insurance operations to be between $250 million to $270 million.

The Walnut Creek, Calif.-based company said it expects expense ratio for its U.S. mortgage insurance operations at the lower end of the range between 23% and 25%.

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Full-year expenses related to stock options and stock based compensation could be about $9 million after tax, the company said.

The company's shares were trading down 11 cents at $44.28 Friday.

This story was created through a joint venture between TheStreet.com and IRIS.