Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (37708)	8/12/2005 1:28:54 PM
From: CalculatedRisk	Respond to of 306849

I haven't been following it ... I assume it is some company specific item.

To: John Vosilla who wrote (37708)	8/12/2005 4:44:42 PM
From: shades	Respond to of 306849

finance.yahoo.com Don't worry, they still have farther to go to revert to the mean no? Seems they didn't do so hot in thier earnings report: biz.yahoo.com Triad Guaranty Inc. (Nasdaq: TGIC - News) today reported net income for the quarter ended June 30, 2005 of $13.2 million compared to $14.4 million for the same quarter a year ago, a decrease of 8 percent. Diluted earnings per share were $0.89 for the quarter ended June 30, 2005 compared to $0.98 in the second quarter of 2004. There were no significant realized investment gains or losses in the second quarter of 2005 or 2004. Net income for the first six months of 2005 was $29.0 million compared with $28.4 million for the same period in 2004. For the first six months of 2005, diluted earnings per share were $1.96 compared to $1.93 for the same period of last year. Realized investment gains had no meaningful impact on diluted earnings per share for the six months ended June 30, 2005 compared to a contribution of $0.02 per share during the first six months of 2004. Darryl W. Thompson, President and Chief Executive Officer, said, "We are disappointed with the decline in our second quarter earnings. This decline is attributable, in part, to an unexpected increase in incurred losses resulting from an abnormal increase in large claims paid and changes in claim processing procedures by one of our larger servicers. It is also attributable to reserve strengthening, primarily to reflect higher severity trends. This dampened what otherwise would have been a strong quarter for Triad. Incurred losses amounted to $17.3 million in the second quarter of 2005, up from $7.7 million in the second quarter of 2004. An increase in severity resulted in higher paid losses in both the flow and bulk business. This increase resulted from a disproportionately high number of large claims paid during the quarter Reserves were also strengthened, primarily to reflect higher severity trends. The loss ratio was 42.0 percent for the second quarter of 2005 compared to 22.5 percent for the second quarter of 2004. The Company's ratio of delinquent loans to total policies in force was 1.91 percent at June 30, 2005 compared to 1.87 percent at June 30, 2004. The Company's expense ratio was 26.4 percent for the second quarter of 2005 compared to 29.7 percent in the second quarter of 2004.