WALNUT CREEK, Calif., March 10 /PRNewswire-FirstCall/ -- The PMI Group, Inc. announced today that due to continued delays in obtaining final year end 2007 financial results from FGIC Corporation ("FGIC"), PMI is rescheduling the release of its fourth quarter and full year 2007 financial results to Monday, March 17, 2008. The Company expects to issue its financial results before the financial markets open (approximately 6:00 AM ET) on March 17, 2008, followed by a conference call at 11:30 AM ET.
The Company also plans to complete and file its Form 10-K on March 17, 2008. In connection with the preparation of the Company's consolidated financial statements, the Company is conducting an analysis to determine whether the value of its investment in FGIC was impaired as of December 31, 2007. This analysis cannot be completed until the Company receives the final financial information from FGIC necessary for the Company to complete its consolidated financial statements.
The conference call will be available by telephone or on the Internet. On the Internet, the conference call webcast can be accessed at PMI's website: http://www.pmigroup.com/shareholders/. The dial-in number for the conference call is (888) 790-9746 (U.S.) or 1-210-234-7030 (International). The passcode "PMI" is required to access the call. For those individuals who cannot listen to the call live, there will be a replay of the webcast available at this site approximately two hours after the call ends, which will be posted for one month. A telephonic audio replay will be available approximately one hour after the call and can be accessed until April 17, 2008 by dialing 800-879-3992.
About The PMI Group, Inc.
The PMI Group, Inc. , headquartered in Walnut Creek, CA, provides innovative credit, capital, and risk transfer solutions that expand homeownership and fund essential services for our customers and the communities they serve around the world. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products, financial guaranty insurance, and financial guaranty reinsurance. PMI has operations in Asia, Australia and New Zealand, Canada, Europe, and the United States. For more information: http://www.pmigroup.com/.
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