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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (52845)	2/7/2006 1:07:11 PM
From: ild	Read Replies (1) \| Respond to of 110194

PMI reported. biz.yahoo.com THE PMI GROUP, INC. AND SUBSIDIARIES ---------------------------------------------------------------------- U.S. MORTGAGE INSURANCE OPERATIONS(5) FINANCIAL AND STATISTICAL INFORMATION ---------------------------------------------------------------------- 12/31/2005 9/30/2005 6/30/2005 ------------ ----------- ----------- Primary insurance in force (in millions) Flow $ 86,991 $ 88,433 $ 89,965 Structured transactions 14,099 12,788 13,469 ------------ ----------- ----------- Total $ 101,090 $ 101,221 $ 103,434 ============ =========== =========== Primary risk in force (in millions) Flow $ 21,644 $ 21,981 $ 22,296 Structured transactions 3,584 3,167 3,296 ------------ ----------- ----------- Total $ 25,228 $ 25,148 $ 25,592 ============ =========== =========== Pool risk in force (in millions)(10) $ 2,589 $ 2,530 $ 2,445 Primary risk in force -- credit score distribution Flow 620 or above 93.0% 92.7% 92.4% 619-575 5.5% 5.7% 5.9% 574 or below 1.5% 1.6% 1.7% Structured transactions 620 or above 76.9% 73.9% 71.7% 619-575 14.5% 16.0% 17.4% 574 or below 8.6% 10.1% 10.9% Total 620 or above 90.7% 90.3% 89.7% 619-575 6.8% 7.0% 7.4% 574 or below 2.5% 2.7% 2.9% Primary average loan size (in thousands) Flow $ 134.5 $ 133.3 $ 132.2 Structured transactions $ 145.4 $ 139.5 $ 139.8 Total $ 136.0 $ 134.1 $ 133.2 Loss severity -- primary (quarterly) Flow 95.6% 84.0% 83.8% Structured transactions 93.1% 89.6% 87.7% Total 95.0% 85.2% 84.6% Persistency 61.9% 61.2% 62.0% Primary loans, defaults and default rates Primary policies in force 743,533 754,934 776,721 Primary loans in default 42,702 38,146 35,030 Primary default rate 5.74% 5.05% 4.51% Structured transactions only default rate 9.85% 10.09% 8.54% Pool default rate 6.84% 6.34% 5.65% Claims paid (year-to-date in thousands) Primary claims paid -- flow $ 165.8 $ 126.6 $ 87.8 Primary claims paid -- structured transactions 49.1 36.8 25.4 ------------ ----------- ----------- Total primary claims paid 214.9 163.4 113.2 Total pool and other 20.1 15.0 9.6 ------------ ----------- ----------- Total claims paid $ 235.0 $ 178.4 $ 122.8 ============ =========== =========== Number of primary claims paid (year-to-date) 9,262 7,124 4,934 Average primary claim size (year- to-date in thousands) $ 23.2 $ 22.9 $ 22.9 Captive reinsurance arrangements (year-to-date) Percentage of flow NIW subject to captive reinsurance arrangements 69.0% 68.0% 65.0% Percentage of primary NIW subject to captive reinsurance arrangements 54.7% 55.7% 50.7% Percentage of primary IIF subject to captive reinsurance arrangements 53.4% 53.2% 52.1% Percentage of primary RIF subject to captive reinsurance arrangements 53.8% 53.9% 52.9% Risk-to-capital ratio (11) 8.3 to 1 8.1 to 1 8.4 to 1