The PMI Group Inc
The PMI Group, Inc. does not have significant operations. Previously, the company was involved in mortgage insurance business. The PMI Group, Inc. was founded in 1972 and is based in New York, New York.
The PMI Group Inc (PMIR) - Net Assets
Latest net assets as of June 2011: $190.51 Million USD
Based on the latest financial reports, The PMI Group Inc (PMIR) has net assets worth $190.51 Million USD as of June 2011.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.01 Billion) and total liabilities ($3.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $190.51 Million |
| % of Total Assets | 4.75% |
| Annual Growth Rate | -45.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 2.89 |
The PMI Group Inc - Net Assets Trend (2007–2010)
This chart illustrates how The PMI Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for The PMI Group Inc (2007–2010)
The table below shows the annual net assets of The PMI Group Inc from 2007 to 2010.
| Year | Net Assets | Change |
|---|---|---|
| 2010-12-31 | $415.27 Million | -42.89% |
| 2009-12-31 | $727.09 Million | -43.12% |
| 2008-12-31 | $1.28 Billion | -49.13% |
| 2007-12-31 | $2.51 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The PMI Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 87.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2010)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $331.70 Million | 79.88% |
| Common Stock | $1.97 Million | 0.47% |
| Other Components | $81.60 Million | 19.65% |
| Total Equity | $415.27 Million | 100.00% |
The PMI Group Inc Competitors by Market Cap
The table below lists competitors of The PMI Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KSH HOLDINGS
MU:XEUA
|
$2.39K |
|
Apex Mining Co Inc
PSE:APX
|
$2.39K |
|
Nexcom AS
CO:NEXCOM
|
$2.39K |
|
LLJA
STU:LLJA
|
$2.39K |
|
Sincerity Applied Materials Holdings Corp
PINK:SINC
|
$2.39K |
|
Adams (JOHN) Life Corp
PINK:JALC
|
$2.39K |
|
Arctic Fox Lithium Corp.
F:O7D
|
$2.39K |
|
Glennon Small Companies Ltd
AU:GC1
|
$2.39K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The PMI Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2009 to 2010, total equity changed from 727,087,000 to 415,270,000, a change of -311,817,000 (-42.9%).
- Net loss of 773,028,000 reduced equity.
- Other factors increased equity by 461,211,000.
Equity Change Factors (2009 to 2010)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-773.03 Million | -186.15% |
| Other Changes | $461.21 Million | +111.06% |
| Total Change | $- | -42.89% |
Book Value vs Market Value Analysis
This analysis compares The PMI Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $0.00 | $0.25 | x |
| 2008-12-31 | $0.00 | $0.25 | x |
| 2009-12-31 | $0.00 | $0.25 | x |
| 2010-12-31 | $0.00 | $0.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The PMI Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -186.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -120.57%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 10.16x
- Recent ROE (-186.15%) is below the historical average (-96.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -36.42% | -95.18% | 0.19x | 2.02x | $-1.17 Billion |
| 2008 | -72.64% | -114.01% | 0.17x | 3.77x | $-1.06 Billion |
| 2009 | -90.68% | -75.09% | 0.19x | 6.38x | $-732.03 Million |
| 2010 | -186.15% | -120.57% | 0.15x | 10.16x | $-814.55 Million |
Industry Comparison
This section compares The PMI Group Inc's net assets metrics with peer companies in the Insurance - Specialty industry.
Industry Context
- Industry: Insurance - Specialty
- Average net assets among peers: $2,519,148,457
- Average return on equity (ROE) among peers: 4.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The PMI Group Inc (PMIR) | $190.51 Million | -36.42% | 20.07x | $2.39K |
| ACMAT Corporation (ACMT) | $31.30 Million | 2.22% | 0.84x | $2.73 Million |
| Enact Holdings Inc (ACT) | $4.10 Billion | 17.17% | 0.40x | $1.08 Billion |
| Assured Guaranty Ltd (AGO) | $6.55 Billion | 7.95% | 1.08x | $3.63 Billion |
| Ambac Financial Group Inc (AMBC) | $2.28 Billion | -142.47% | 9.34x | $343.48 Million |
| AMERISAFE Inc (AMSF) | $158.78 Million | 23.53% | 5.26x | $612.03 Million |
| AXIS Capital Holdings Ltd (AXS) | $5.87 Billion | 10.94% | 2.41x | $7.47 Billion |
| Beazley plc (BZLYF) | $1.50 Billion | 8.67% | 4.04x | $6.37 Billion |
| Employers Holdings Inc (EIG) | $144.61 Million | 95.15% | 20.40x | $762.61 Million |
| Essent Group Ltd (ESNT) | $4.46 Billion | 18.63% | 0.28x | $5.45 Billion |
| First Acceptance Corp (FACO) | $92.90 Million | -1.32% | 2.47x | $134.82 Million |