ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Donald P. Lofe, Jr. has informed The PMI Group, Inc. ("TPG") that he has accepted an offer of employment with a San Francisco, California-based company and of his intention to resign as Executive Vice President, Chief Financial Officer and Chief Administrative Officer of TPG upon the completion of an appropriate transition period.

---