Exhibit 99.1
Press Release
Triad Guaranty Inc. Reports Fourth Quarter and Year End Results
WINSTON-SALEM, N.C., February 27, 2009 — Triad Guaranty Inc. (NASDAQ GS: TGIC) today reported a net loss for the quarter ended December 31, 2008 of $122.2 million compared with a net loss of $160.1 million for the third quarter of 2008 and a net loss of $75.0 million for the fourth quarter of 2007. The 2008 fourth quarter diluted loss per share was $8.16 compared to a diluted loss per share of $10.69 for the 2008 third quarter and $5.05 for the fourth quarter of 2007.
The net loss for the year ended December 31, 2008 was $631.2 million compared to a net loss of $77.5 million for the year ended December 31, 2007. The diluted loss per share was $42.27 for 2008 compared to a diluted loss per share of $5.22 for 2007.
Ken Jones, President and CEO, said, “As a company in run-off, our primary focus remains on the efficient and effective servicing of our insured portfolio, particularly around loss mitigation. We continue to examine and refine all aspects of our default management and claims process, including our processes for investigating misrepresentation and fraud in the mortgage origination process. Our risk in default has continued to increase, which affects our financial results as we establish additional reserves for losses. Part of our effort to minimize losses is the review of early payment defaults to identify misrepresentation and fraud in the mortgage origination process. These reviews resulted in increased rescission activity during the fourth quarter of 2008. This increase in rescissions allowed us to adjust the frequency factors utilized in our reserve calculation, which has tempered the increase in our reserves. Additionally, the reserve increase in the fourth quarter was smaller than the prior three quarters in 2008 due in part to the benefits of structures such as captive reinsurance on our Primary business and stop losses on Modified Pool transactions that limited our net exposure.”
Mr. Jones noted, “We continue to work closely with our primary regulator, the Illinois Division of Insurance, as well as with Fannie Mae and Freddie Mac. Although we are reporting a deficiency in assets at December 31, 2008, most of the decline in stockholders’ equity during 2008 resulted from the non-cash increase in our reserves for losses. Cash and invested assets actually increased during 2008, with positive cash

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The following information was filed by Triad Guaranty Inc (TGICQ) on Friday, February 27, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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