| Business Summary | | PMI
Group,
Inc.
(TPG)
is
a
holding
company
that
offers
residential
mortgage
insurance
domestically
and
internationally,
title
insurance,
financial
guaranty
reinsurance
and
other
residential
lender
services.
PMI
Mortgage
Insurance
Co.
(PMI),
TPG's
largest
wholly
owned
subsidiary,
is
a
residential
mortgage
insurer
in
the
United
States.
PMI
also
reinsures
residential
mortgage
insurance
in
Hong
Kong.
PMI
Mortgage
Insurance
Ltd.
(PMI
Ltd),
PMI's
wholly
owned
subsidiary,
is
a
mortgage
insurance
company
in
Australia
and
New
Zealand.
In
February
2001,
PMI
began
offering
mortgage
insurance
and
other
credit
enhancement
products
in
European
Union
member
states
through
its
indirect
wholly
owned
subsidiary,
PMI
Mortgage
Insurance
Company
Limited
(PMI
Europe).
PMI's
partially
owned
subsidiary,
CMG
Mortgage
Insurance
Company
(CMG),
offers
mortgage
insurance
for
loans
originated
by
credit
unions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PMI
Group,
through
its
wholly-owned
subsidiaries,
underwrites
residential
mortgage
and
title
insurance,
and
also
offers
mortgage
pool
insurance
products.
For
the
six
months
ended
6/30/01,
revenues
increased
15%
to
$421.2
million.
Net
income
rose
17%
to
$146.7
million.
Revenues
reflect
increased
mortgage
insurance
written
and
higher
net
premiums
earned.
Higher
income
also
reflects
lower
losses
and
loss
adjustment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| W. Haughton, 51 CEO,
Chairman | $1.1M | L. Smith, 49 Pres
and COO of TPG and PMI | 588K | John Lorenzen, Jr., 54 Exec.
VP, CFO and Assistant Sec. of PMI and TPG | 497K | Daniel Roberts, 49 Exec.
VP, CIO | -- | Claude Seaman, 52 Group
Exec. VP StrategicInvestments of TPG and PMI and Assistant Sec. | 479K | Dollar
amounts are as of 31-May-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|