Triad Guaranty Inc. · Winston-Salem, NC United States ·(NASDAQ (GS): TGIC)
Company Description
Phone: 336-723-1282
Fax: 888-723-0343
Toll Free: 800-451-4872
View Triad Guaranty Inc. Locations On A US Map
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This link will open in a new window What mortgage lenders and homebuyers would do together, Triad Guaranty insured that no one put asunder. The company's main subsidiary, Triad Guaranty Insurance, sold private mortgage insurance on residential mortgage loans when buyers could put up less than 20% of the down payment. Its customers have been residential mortgage lenders, including commercial banks and mortgage bankers and brokers. Triad Guaranty marketed its products across the US through its in-house sales force. The company is in the process of placing its business into run-off. To read the full description, subscribe now.
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Key Triad Guaranty Inc. Financials
| Company Type | Public - NASDAQ (GS): TGIC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $270.5 |
| 2008 Employees | 150 |
Triad Guaranty Inc. Executives
41 executives listed for Triad Guaranty Inc.'s Winston-Salem, NC location.
| Title | Name & Bio | Contact |
| Chairman | William Ratliff | Network |
| President, CEO, and CFO | Kenneth Jones | Network |
| CIO | George Jackson | Network |
Competition
Competitive Landscape for Triad Guaranty Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Triad Guaranty Inc. Competitors
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