Fitch Affirms Ratings for The PMI Group, Inc. with Stable Outlook

Business Wire, March 2, 2006

WALNUT CREEK, Calif. -- The PMI Group, Inc. (NYSE:PMI) announced today that Fitch Ratings has affirmed the 'AA ' insurer financial strength (IFS) ratings of PMI Mortgage Insurance Co., the U.S. mortgage insurance subsidiary of The PMI Group, Inc. Fitch also affirmed the 'A ' senior debt and long-term issuer ratings of The PMI Group, Inc. and the 'A' rating assigned to the trust preferred securities of PMI Capital I. The Rating Outlook for all ratings is Stable.

Fitch noted, "PMI's ratings reflect the company's solid market position in the U.S. mortgage insurance industry, strong excess capital given the current rating, good credit performance of the insured portfolio, and solid financial returns over an extended period of time."

About The PMI Group, Inc.

The PMI Group, Inc. (NYSE:PMI), headquartered in Walnut Creek, CA, is an international provider of credit enhancement products that promote homeownership and facilitate mortgage transactions in the capital markets. Through its wholly owned subsidiaries and unconsolidated strategic investments, the company offers residential mortgage insurance and credit enhancement products domestically and internationally, financial guaranty insurance, and financial guaranty reinsurance. Through its subsidiaries, The PMI Group, Inc. is one of the world's largest providers of private mortgage insurance with operations in the United States, Australia, New Zealand, and the European Union, as well as one of the largest providers of mortgage guaranty reinsurance in Hong Kong. For more information: www.pmigroup.com.