X0202 4 2005-01-05 0 0000935724 PMI GROUP INC PMI 0001219804 LOFE DONALD P JR THE PMI GROUP, INC. 3003 OAK ROAD WALNUT CREEK CA 94597 0 1 0 0 EVP & Chief Financial Officer Phantom Stock 0.00 2005-01-05 4 A 0 126 0.00 A 2005-01-05 2005-01-05 Common Stock 126 1269 D Not applicable. Phantom stock units include 25 employer match units and are to be settled in cash or shares on the payment date determined under The PMI Group, Inc. Officer Deferred Compensation Plan. Immediately exercisable, except for 25 employer match units that are subject to a 3-year vesting period. Phantom stock units are to be settled in cash or shares on the payment date determined under under The PMI Group, Inc. Officer Deferred Compensation Plan. The phantom stock units were purchased on the transaction date at prices ranging from $40.98 to 41.39. /s/ Donald P. Lofe, Jr. 2005-01-05