PMI Mortgage Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (0.9) with operating gains in each of the last five years. Average return on equity over the last five years has been poor at -35.7%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years, weak risk diversification and weak results on operational trends.
Other Rating Factors:
Fair reserve development (4.2) as reserves have generally been sufficient to cover claims. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, FL, TN, WA, also licensed in PR
Principal Investments:
Investment grade bonds (89.2%), non investment grade bonds (9.9%), cash (0.8%), other (0.1%)
Corporate Info
Group Affiliation
The PMI Group Inc
Investment Rating
Company Address
3003 Oak Road
Walnut Creek, CA 94597
Walnut Creek, CA 94597
Phone Number
(800) 963-8849
NAIC Number
27251
Website
Largest Affiliates