PMI - New ways of thinking

OUR STRENGTHS

Financial

Strength

Our current financial statistics and performance indicators clearly demonstrate our understanding of the market, our firm and ongoing commitment to our customers, and our proven ability to deliver on our promises and corporate goals of not just meeting, but exceeding the expectations of our customers.

At 31 December 2006 our current insurance in force exceeded A$188 billion and our total asset base exceeded A$1.5 billion, representing a four-fold increase on total assets over the last six years.

Over the last five years, PMI's financial ratings upgrades have demonstrated our strength and continued growth. Our current, stable ratings are as follows:

 

Standard & Poor's Moodys Fitch
AA- Aa3 AA-
 

Managing

Mortgage Risk

In a dynamic and changing housing market, sophisticated credit risk management is the foundation of our success. This is what enables us to endure and grow through the cycles that characterise both local and international property markets.

The key to our ongoing success is our ability to draw from our longstanding knowledge and expertise in managing credit risk in the mortgage industry. We understand how borrowers and property markets behave and have amassed our expertise through over 40 years of experience.

We constantly monitor our database and statistics to understand and predict trends, movements and future opportunities for our customers. We develop cutting edge systems to manage risk. Our pioneering automated underwriting system pmiAURA®, has been developed by PMI and uses current economic indicators and performance over 17 policy years held by PMI Australia to accurately measure and manage risk.