| Business Summary | | Triad
Guaranty
Inc.
is
a
holding
company
that,
through
its
wholly
owned
subsidiary,
Triad
Guaranty
Insurance
Corp.,
provides
private
mortgage
insurance
coverage
in
the
United
States
to
residential
mortgage
lenders,
including
mortgage
bankers,
mortgage
brokers,
commercial
banks
and
savings
institutions.
Private
mortgage
insurance,
also
known
as
mortgage
guaranty
insurance,
is
issued
in
most
home
purchases
and
refinancings
involving
conventional
residential
first
mortgage
loans
to
borrowers
with
equity
of
less
than
20%.
If
the
homeowner
defaults,
private
mortgage
insurance
reduces,
and
in
some
instances
eliminates,
the
loss
to
the
insured
lender.
There
are
two
principal
types
of
private
mortgage
insurance
coverage,
primary
insurance
and
pool
insurance. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TGIC
is
a
holding
Co.
for
Triad
Guaranty
Insurance
Corp.,
which
provides
private
mortgage
insurance
coverage
in
the
U.S.
to
residential
mortgage
lenders,
including
mortgage
bankers,
mortgage
brokers,
and
commercial
banks.
For
the
six
months
ended
6/30/01,
revenues
rose
18%
to
$49.5
million.
Earnings
rose
21%
to
$20.8
million.
Results
reflect
growth
in
insurance
in
force
and
new
insurance
written,
a
$1.9
million
incentive
payment
related
to
a
contract
cancellation
and
improved
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Ratliff, III, 47 Chairman
of the Company and Triad | -- | Darryl Thompson, 60 Pres,
CEO, Director of the Company and Triad | $525K | Ron Kessinger, 46 CFO,
Exec. VP | 389K | Michael Oswalt, 39 Sr.
VP, Controller, Treasurer and Principal Accounting Officer of the Company & Triad | -- | Earl Wall, 43 Sr.
VP, Gen. Counsel, Sec. of the Company and Triad | 255K | Dollar
amounts are as of 31-Dec-2000 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
|
|