FITCH Affirms PMI's AA+ Rating

Apr 19, 2001, 01:00 ET from The PMI Group, Inc.

    SAN FRANCISCO, April 19 /PRNewswire/ -- The PMI Group, Inc. (NYSE:   PMI)
 announced today that Fitch has affirmed the AA+ insurer financial strength of
 its subsidiary PMI Mortgage Insurance Co.
     "PMI's strong capital position, our disciplined underwriting and sound
 risk management practices all contributed to Fitch's re-affirmation of our
 AA+ rating," said W. Roger Haughton, Chairman and CEO.  "We are particularly
 pleased with Fitch's determination that our disciplined underwriting and
 risk-management practices have a favorable impact on our profitability and
 risk-profile".
     The PMI Group, Inc. is headquartered in San Francisco and through its
 subsidiary, PMI Mortgage Insurance Co., is one of the largest private mortgage
 insurers in the United States.  In addition, The PMI Group, Inc. through its
 subsidiaries, provides mortgage guaranty reinsurance in Hong Kong and private
 mortgage insurance in Australia, New Zealand and the European Union.  The
 PMI Group, Inc. is a leader in mortgage risk management technology providing
 various products and services for the home mortgage finance industry as well
 as title insurance.
     This release can be accessed through the World Wide Web at
 www.pmigroup.com or a fax copy of this release can be obtained by dialing
 800-758-5804, entering The PMI Group, Inc. company code no. 706963 when
 prompted, and following the automated prompts.
 
     Cautionary Statement:  Statements in this press release that are not
 historical facts or that relate to future plans, events or performance are
 "forward-looking" statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  These forward-looking statements involve risks
 and uncertainties that could cause PMI's actual results to differ materially
 from those expressed in this release.  Factors that could cause or contribute
 to such material differences are discussed in the Company's filings with the
 Securities and Exchange Commission.
 
 

SOURCE The PMI Group, Inc.
    SAN FRANCISCO, April 19 /PRNewswire/ -- The PMI Group, Inc. (NYSE:   PMI)
 announced today that Fitch has affirmed the AA+ insurer financial strength of
 its subsidiary PMI Mortgage Insurance Co.
     "PMI's strong capital position, our disciplined underwriting and sound
 risk management practices all contributed to Fitch's re-affirmation of our
 AA+ rating," said W. Roger Haughton, Chairman and CEO.  "We are particularly
 pleased with Fitch's determination that our disciplined underwriting and
 risk-management practices have a favorable impact on our profitability and
 risk-profile".
     The PMI Group, Inc. is headquartered in San Francisco and through its
 subsidiary, PMI Mortgage Insurance Co., is one of the largest private mortgage
 insurers in the United States.  In addition, The PMI Group, Inc. through its
 subsidiaries, provides mortgage guaranty reinsurance in Hong Kong and private
 mortgage insurance in Australia, New Zealand and the European Union.  The
 PMI Group, Inc. is a leader in mortgage risk management technology providing
 various products and services for the home mortgage finance industry as well
 as title insurance.
     This release can be accessed through the World Wide Web at
 www.pmigroup.com or a fax copy of this release can be obtained by dialing
 800-758-5804, entering The PMI Group, Inc. company code no. 706963 when
 prompted, and following the automated prompts.
 
     Cautionary Statement:  Statements in this press release that are not
 historical facts or that relate to future plans, events or performance are
 "forward-looking" statements within the meaning of the Private Securities
 Litigation Reform Act of 1995.  These forward-looking statements involve risks
 and uncertainties that could cause PMI's actual results to differ materially
 from those expressed in this release.  Factors that could cause or contribute
 to such material differences are discussed in the Company's filings with the
 Securities and Exchange Commission.
 
 SOURCE  The PMI Group, Inc.

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