DALLAS, Oct. 13, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring The PMI Group Inc. (NYSE:PMI). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on The PMI Group Inc. (NYSE:PMI) should be of particular interest to other comparable companies: American International Group Inc. (NYSE:AIG), AXA (NYSE:AXA) and Radian Group Inc. (NYSE:RDN).
It is available at: http://www.beaconequity.com/i/PMI
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The PMI Group Inc. (PMI) provides residential mortgage insurance products designed to promote homeownership. PMI's insurance products provide protection to lenders and investors in the event of borrower default, ensuring that mortgages are available to qualified homebuyers. PMI was the first mortgage insurer to join the HOPE NOW Alliance.
Message Board Search for PMI: http://www.boardcentral.com/boards/PMI
In the report, the analyst notes:
"PMI recently reported a loss from continuing operations for the second quarter of 2009 of $222.6 million, or $2.71 per basic and diluted share, compared with a loss from continuing operations of $251.0 million, or $3.09 per basic and diluted share, for the same period one year ago. The loss from continuing operations for the second quarter of 2009 was primarily driven by U.S. Mortgage Insurance Operations' continued high losses and loss adjustment expenses (LAE), decreases in U.S. Mortgage Insurance Operations' premiums earned, and a $25.4 million after tax charge due to an increase in the fair market value of certain holding company senior debt instruments.
"The Company recently announced it will release its third-quarter financial results before the market's open November 6, 2009."
To read the entire report visit: http://www.beaconequity.com/i/PMI
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