WALNUT CREEK, Calif. (Map) - WALNUT CREEK, Calif., May 15 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (NYSE: PMI) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.0125 per common share. This quarterly dividend is payable on July 15, 2008 to shareholders of record on June 30, 2008.

The PMI Group, Inc.

The PMI Group, Inc. (NYSE: PMI), 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, Europe, and the United States. For more information: http://www.pmigroup.com.

Cautionary Statement: Statements in this 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. Many factors could cause actual results to differ materially from those expressed or implied by forward-looking statements, and there can be no guarantee of the amounts of dividends that will be authorized by the Board in the future. Risks and uncertainties, including changes in the economic and market conditions, are discussed in PMI's SEC filings, including its Form 10-Q for the period ended March 31, 2008 and its Form 10-K for the year ended December 31, 2007. PMI undertakes no obligation to update forward-looking statements.