Insider Trades - HAFERMAN STEPHEN J

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HAFERMAN STEPHEN J: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Triad Guaranty Inc. Officer NasdaqGS:TGIC (historical quotes, profile, SEC, other insiders)	27-Feb-08 20-Nov-08	17,866 10,350 28,216	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
20-Nov-08 *10,350 TGIC Purchase at $0.31 per share.
(Cost of $3,208)
27-Feb-08 13,500 TGIC Acquisition (Non Open Market) at $0 per share.

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
20-Nov-08	*10,350	TGIC	Purchase at $0.31 per share. (Cost of $3,208)
27-Feb-08	13,500	TGIC	Acquisition (Non Open Market) at $0 per share.