Company Profile For The PMI Group, Inc.

The PMI Group, Inc. (TPG) provides residential mortgage insurance products designed to promote homeownership. During the year ended December 31, 2008, the Company operated in four segments: United States Mortgage Insurance Operations, International Operations, Financial Guaranty, and Corporate and Other. The Company’s United States customers are primarily mortgage lenders, depository institutions, commercial banks and investors, including Fannie Mae and Freddie Mac (collectively, the GSEs). On October 22, 2008, the Company completed the sale of PMI Mortgage Insurance Ltd. and its holding company, PMI Mortgage Insurance Australia (Holdings) Pty Limited (collectively PMI Australia). On December 17, 2008, the Company completed the sale of PMI Mortgage Insurance Asia Ltd. (PMI Asia).

BRIEF: For the six months 30 June 2009, The PMI Group, Inc.'s revenues decreased 9% to $447.2M. Net loss from continuing operations decreased 39% to $337.9M. Revenues reflect a decrease in US insurance operations and lower income from international operations. Net loss also reflects a decrease in amortization of deferred policy acquisition costs, lower other underwriting & operating expenses and lower Equity in losses from unconsolidated subsidiaries.