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Triad Guaranty Inc. (TGICQ)

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TGIC - Triad Guaranty Inc.

  Triad Guaranty Inc.
101 South Stratford Road
Winston-salem, NC 27104

www.triadguaranty.com

 (336) 723-1282

  • Estimated Market Cap:$2,458,900.48 as of Oct 19,2012

  • Number of shares of common stock, par value $0.01 per share, outstanding as of August 3, 2012 was 15,368,128.

  • shs increased by 2 for 1 split: Ex-Date: Oct 29, 1997

                                                                                                                                                                                                                                            

 

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Triad Guaranty Inc.

 

Business Summary

http://www.triadguaranty.com/

Triad Guaranty Inc. is a holding company. Through its wholly owned subsidiary, Triad Guaranty Insurance Corporation (Triad), the Company provided private mortgage insurance coverage in the United States. Triad ceased issuing new commitments for mortgage guaranty insurance coverage on July 15, 2008, and is operating the business in run-off. Triad no longer writes new mortgage insurance policies but continues to service the existing policies. Servicing existing policies includes receiving premiums on policies that remain in force; cancelling coverage at the insured's request; terminating policies for non-payment of premium; working with borrowers in default to remedy the default and/or mitigate the Company's loss, and settling all legitimate filed claims per the Company's contractual obligations. Prior to the commencement of run-off on July 15, 2008, the Company offered principally two products, Primary and Modified Pool mortgage insurance.

Investor Contact Office Phone Fax
Ken Jones
101 South Stratford Road
Winston-Salem, NC 27104
336-723-1282 336-723-0343

ABOUT THE COMPANY

Triad Guaranty Insurance Corporation, a wholly owned subsidiary of Triad Guaranty Inc., offers private mortgage insurance to residential mortgage lenders nationwide. Mortgage insurance (MI) protects our customer, the lender, from default related losses. It is a requirement in most home purchases and refinancing involving conventional residential first mortgage loans to borrowers with a down payment of less than 20 percent.

The availability of mortgage insurance enables a borrower to put as little as zero percent down in some instances. By providing this mortgage tool, Triad makes housing affordable to millions of people who otherwise wouldn't be able to afford a home of their own.

Triad Guaranty Inc. was named to the prestigious Forbes magazines list of the "200 Best Small Companies" in America in the October 31, 2005 issue. This was the third time, since Triad's inception in 1987, that the company has been named to the prestigious list, having also been listed in 2004 and 1999.

Forbes magazine (www.Forbes.com) compiles its annual "200 Best Small Companies" in America list using "very strict financial performance standards. To qualify, candidates have to show a consistent pattern of positive growth during a five-year period, as well as of the last 12 months." Forbes selected its list from companies with sales ranging from $5 million to $750 million, net profit margins greater than 5 percent and share prices above $5 as of September 29.

 

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T

DETAILS  
Index Membership: N/A
Sector: Financial
Industry: Surety & Title Insurance
Full Time Employees: 50

 

BUSINESS SUMMARY  

Triad Guaranty, Inc., through its subsidiary, Triad Guaranty Insurance Corporation, provides private mortgage insurance products in the United States. It offers primary insurance products, which provide mortgage default protection to lenders on individual loans, as well as cover a percentage of unpaid loan principal, delinquent interest, and expenses associated with the default and subsequent foreclosure. The company also facilitates the sale of mortgage loans in the secondary market. In addition, it provides modified pool insurance, which is written on structured bulk transactions initiated by underwriters of mortgage-backed securities, mortgage lenders, and mortgage investors. The company sells its products to residential mortgage lenders, such as mortgage bankers, mortgage brokers, commercial banks, and savings institutions through its sales group. Triad Guaranty was founded in 1987 and is based in Winston-Salem, North Carolina.

 

 

Executive Leadership

Officers of Triad Guaranty Inc.

{C}{C}

{C}{C}{C}{C}Kenneth W. Jones
President, Chief Executive Officer and Chief Financial Officer

Kenneth S. Dwyer
Vice President and Chief Accounting Officer

Earl F. Wall
Senior Vice President, Secretary and General Counsel

Julia H. Turner
Vice President, Assistant Secretary and Assistant General Counsel

 

Executive Leadership of
Triad Guaranty Insurance Corporation

{C}{C}Kenneth W. Jones
President, Chief Executive Officer and Chief Financial Officer

800-451-4872 ext. 1105 or kjones@tgic.com

Kenneth Jones joined Triad in 2006 as Senior Vice President and Chief Financial Officer. Mr. Jones assumed the role of President and Chief Executive Officer in October, 2008. Prior to joining Triad, he served as Senior Vice President of RBC Liberty Insurance from 2000 to 2005. Mr. Jones worked at The Liberty Corporation from 1994 to 2000, most recently as Vice President and Acting Chief Financial Officer. From 1980 to 1994, Mr. Jones was employed by Ernst & Young. He has been associated with the insurance/mortgage industry for over 25 years.

Kenneth S. Dwyer
Vice President and Chief Accounting Officer

800-451-4872 ext. 1137 or kdwyer@tgic.com

Kenneth S. Dwyer has been Vice President and Chief Accounting Officer of Triad Guaranty since September 2003. Mr. Dwyer served as Vice President and Controller of Jefferson Pilot from 1997 to 2003. He was the Vice President and Controller of Pan American Life Insurance and was also employed by Deloitte & Touche as a senior manager.

Shirley A. Gaddy
Senior Vice President - Operations

800-451-4872 ext. 1180 or sgaddy@tgic.com

Shirley Gaddy joined Triad in 1996 and has been Senior Vice President of Operations since April 2002. Ms. Gaddy was employed by Life of the South from 1995 to 1996 as Assistant Vice President. She was with Integon Life Insurance Corporation from March 1972 to December 1994, most recently as Assistant Vice President, Manager Credit Insurance. Ms. Gaddy has been in the insurance/mortgage industry for over 33 years.

Stephen J. Haferman
Senior Vice President - Strategic Initiatives

800-451-4872 ext. 1200 or shaferman@tgic.com

Steve Haferman joined Triad in 2006 as Senior Vice President, Risk Management and Information Services. Mr. Haferman assumed the role of Senior Vice President - Strategic Initiatives in July, 2008. He was the Chief Operating Officer of Cheryl and Co. from 2003 to 2006, responsible for Strategic Planning, Analytics, and Technology. His previous experience includes Vice President, Marketing Information Systems at Electric Power; various positions at Banc One and at National City Bank. Mr. Haferman has over 20 years experience in the retail, financial and banking industries.

George L. Jackson
Vice President and Chief Information Officer

800-451-4872 ext. 1286 or gjackson@tgic.com

George Jackson joined Triad in 1998 as a Project Manager and has been Vice President of Information Services since January, 2005. Mr. Jackson assumed the role of Chief Information Officer in July, 2008. Prior to joining Triad, he served in a variety of information services management roles at Unifi, ISSI and Roy F. Weston. Mr. Jackson has over 22 years of experience in the information services industry.

Earl F. Wall
Senior Vice President, Secretary and General Counsel

800-451-4872 ext. 1108 or ewall@tgic.com

Earl Wall has been with Triad since January 1996 and serves as Senior Vice President, General Counsel and Secretary. From 1982 to 1995, Mr. Wall was employed by Integon in a number of capacities including Vice President, Associate General Counsel, and Director of Integon Life Insurance Corporation and Georgia International Life Insurance Corporation, Vice President and General Counsel of Integon Mortgage Guaranty Insurance Corporation, and Vice President, General Counsel, and Director of Marketing One, Inc. Mr. Wall has over 23 years in the insurance/mortgage industry.


SHORT INTEREST:

       
Sept 28, 2012 700,866 -0.11 4,051 173.01 No No





Stock Chart:



 

 

 

 

                                        

 

 

ANNUAL FINANCIALS
  Dec 31, 2008
12 Months
us$
Dec 31, 2007
12 Months
us$
Dec 31, 2006
12 Months
us$
3Yr.
Growth
% Change
Total Revenue ($000): 270,450 308,790 239,140 12.09
Earnings before Interest & Tax ($000): -750,980 -126,270 93,080 N/A
Profit/Loss ($000): -631,120 -77,450 65,630 N/A
Earnings per Share: -42.27 -5.22 4.44 N/A
Total Assets ($000): 1,130,530 1,132,850 895,630 13.78
Dividends Per Share 0.00 0.00 0.00  
Return on Com. Equity: -348.50 -14.49 12.27  
Employees: N/A N/A N/A  
 
Trailing 12 Month Results
  12 Months ended
Mar 31, 2009,us$
12 Months ended
Mar 31, 2008,us$
%Change
Total Revenue ($000): N/A 326,060 N/A
Profit/Loss ($000): N/A -241,540 N/A
Earnings per Share: N/A -16.24 N/A
Dividends Per Share 0.00 0.00
Number of Shares: 15,210,000 14,920,000
 

                                                                                                                                  

 

For more information on Triad Guaranty Inc., please visit the Company's web site at http://www.triadguaranty.com/.

 

DATASOURCE: Triad Guaranty Inc.

 

CONTACT: Bob Ogburn, Vice President, Triad Guaranty Insurance

Web Site: http://www.triadguaranty.com/

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PostSubject
#962  Sticky Note Must Read 8OO Million Nols: zino 01/11/18 10:08:07 AM
#988   Yes Tjohn 01/17/18 12:49:58 PM
#987   Pretty quiet again... jmichel08 01/17/18 10:15:56 AM
#986   Are there dates for anything? I wasn’t jmichel08 01/16/18 04:00:30 PM
#985   Reverse mergers usually protect NOL because there isn't SavhDawg 01/12/18 04:11:10 PM
#984   It will start a reorganisation within 4-6 weeks, Tjohn 01/12/18 03:40:41 PM
#983   I still dont gt all the shorts...unlesd they SavhDawg 01/12/18 02:23:25 PM
#982   Got that right... SavhDawg 01/12/18 02:20:55 PM
#981   The Reorganized Debtor may operate its Business and zino 01/12/18 01:15:56 PM
#980   I'm holding this...8OO,OOO,OOO Nols are Key zino 01/12/18 12:51:49 PM
#979   I'm thinking a merger with a financial co. zino 01/12/18 12:48:59 PM
#978   Looks like $516k cash is it as far SavhDawg 01/12/18 12:45:14 PM
#977   Ty for that...I will add more on weakness zino 01/12/18 08:52:37 AM
#976   Business plan will be out in a weeks Tjohn 01/12/18 05:21:49 AM
#975   Me thinks little to none after all debts SavhDawg 01/11/18 11:37:18 PM
#974   Assets ? dharmamatt 01/11/18 08:37:06 PM
#973   645,000 shares short....you would think they would close SavhDawg 01/11/18 12:00:09 PM
#972   Knodoby knows... Details to be provided TheKobra 01/11/18 11:15:40 AM
#971   Why is no one commenting on the dilution jmichel08 01/11/18 11:02:18 AM
#970   looks like csti/cdel are shorts big time Natural Trader 01/11/18 10:37:32 AM
#969   was trading at $50 chart below: Natural Trader 01/11/18 10:36:48 AM
#968   I'm holding here...for sure zino 01/11/18 10:34:56 AM
#967   Figure NOLs have a discounted value say 30% , SavhDawg 01/11/18 10:33:53 AM
#966   Woww That is pretty huge Sukhoi 01/11/18 10:33:00 AM
#965   Dollars Soon...imo zino 01/11/18 10:32:19 AM
#964   Nols 8OO,OOO,OOO $$ Stay intact zino 01/11/18 10:27:51 AM
#963   Link doesn’t work for me. I guess jmichel08 01/11/18 10:25:33 AM
#962   Must Read 8OO Million Nols: zino 01/11/18 10:08:07 AM
#961   Any idea of how dilution works? I’ve jmichel08 01/11/18 10:01:42 AM
#960   I'm here since 2008! TheKobra 01/11/18 09:57:35 AM
#959   Short squirting ahah TheKobra 01/11/18 09:56:28 AM
#958   Just 87,OOO Vol and up almost 5O% zino 01/11/18 09:49:45 AM
#957   $1 Natural Trader 01/11/18 09:45:06 AM
#956   I will be here to collect $$$ zino 01/11/18 09:43:13 AM
#955   short squeeze coming Natural Trader 01/11/18 09:34:45 AM
#954   let the covering begun $$$ Natural Trader 01/10/18 10:39:57 PM
#953   I knew I was witnessing shorting here. Dream 01/10/18 07:17:44 PM
#952   That's what I'm Thinking...Glta zino 01/10/18 03:43:36 PM
#951   yw shares will be worth dollars imo Natural Trader 01/10/18 03:39:59 PM
#950   ty...just bought in zino 01/10/18 03:38:12 PM
#949   It does state the dilution though. I’m jmichel08 01/10/18 02:57:15 PM
#948   Do you have a target of stock price? TheKobra 01/10/18 02:56:59 PM
#947   out of Bankruptcy shares intact: Natural Trader 01/10/18 01:47:52 PM
#946   There is a accepted plan for a restart Tjohn 01/10/18 01:41:18 PM
#945   Can you explain better? TheKobra 01/10/18 07:47:16 AM
#944   Verry good News Tjohn 01/10/18 05:55:09 AM
#943   Heavy volume today... Interesting TheKobra 12/05/17 02:04:09 PM
#942   who's buying my stock ? shurtha2000 12/05/17 10:18:10 AM
#941   It was fun seeing a little movement for jmichel08 10/06/17 02:35:45 PM
#940   Very good.. balls are rolling in the right way TheKobra 09/10/17 02:50:10 PM
#939   http://www.osdchi.com/PDF%20Files/Scanned%20Orders/triad/TGAC4thQuarter2016.PDF Tjohn 09/10/17 04:58:32 AM
PostSubject