Sagen MI Canada Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2021. Net income of $133 million was $39 million higher than the same quarter in the prior year, primarily due to lower losses on claims, higher premiums earned, lower losses from derivatives and foreign exchange and lower expenses, partially offset by lower operating investment income. Net operating income of $139 million was $22 million higher than the same quarter in the prior year, primarily due to lower losses on claims, higher premiums earned and lower expenses, partially offset by lower operating investment income. New insurance written from transactional insurance was $6.1 billion, an increase of $2.9 billion compared to the same quarter in the prior year.